Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PAUG)

206 + Investors. Track Smart Money conviction in PAUG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
1Q ▼
Buyers last Q
18%

Smart Money Signals — PAUG

Based on 207 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PAUG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
207 funds currently hold this stock — 93% of the 3.0-year high of 222 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+21 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 18% buying

31 buying143 selling
Last quarter: 143 funds sold vs only 31 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-23 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 20 → 31 → 32 → 9. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 22% medium ■ 16% new
128 out of 207 hedge funds have held PAUG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

6 → 20 → 31 → 32 → 9 new funds/Q
New funds entering each quarter: 20 → 31 → 32 → 9. PAUG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 16% 1-2yr ■ 20% new
Of 207 current holders: 132 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
11 of 207 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.9
out of 10
Moderate Exit Risk
Exit risk score 4.9/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PAUG

In 2026 Q1, 31 hedge funds were net buyers of PAUG (9 opened a new position, 22 added to an existing one), while 143 reduced or exited (119 trimmed, 24 sold completely) — a 18% buyer ratio, indicating net institutional distribution. 28% of total institutional value in PAUG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 207.

Hedge Fund Ownership: PAUG

How many hedge funds hold PAUG — quarterly history vs. share price
Quarterly hedge fund ownership of PAUG vs. share price

Market Analysis: PAUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAUG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Innovator Etfs Trust (PAUG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PAUG has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
PAUG
+6.1%
SPY
+14.1%

PAUG outperformed SPY by -8.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
PAUG
+0.6%
SPY
+0.3%

Since the filing became public, PAUG outperformed SPY by +0.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 3 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: PAUG
206 + Investors

Track Smart Money conviction in PAUG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 206 222 -7.21%
13F Shares 16M 18M -9.81%
Total Value $620M $776M -20.19%
New Positions 9 32 -23
Increased Positions 22 30 -8
Closed Positions 25 10 +15
Reduced Positions 119 94 +25
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PAUG

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

206 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PAUG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PAUG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cornerstone Wealth, LLC/TN 3.54% 141,024 $6.3M
2 McAlister, Sweet & Associates, Inc. 3.29% 123,704 $5.3M
3 Cassady Wealth & Retirement Planning, LLC 1.76% 62,544 $2.7M
4 Gill Capital Partners, LLC 1.71% 139,320 $6.0M
5 Triton Financial Group Inc 1.61% 21,470 $923K
6 Diligent Investors, LLC 1.27% 119,913 $5.1M
7 Corrado Advisors, LLC 1.26% 56,470 $2.4M
8 Ascent Wealth Partners, LLC 1.18% 238,579 $10.2M
9 Red Crane Wealth Management, LLC 1.16% 33,092 $1.4M
10 Chris Bulman Inc 1.07% 57,414 $2.5M
11 BFI Wealth Solutions, LLC 1.06% 25,825 $1.1M
12 Gts Financial, LLC 1.06% 35,480 $1.3M
13 First City Capital Management, Inc. 1.03% 45,375 $1.9M
14 Yarger Wealth Strategies, LLC 1.02% 59,202 $2.5M
15 John W. Brooker & Co., CPAs 0.96% 14,250 $609K
16 FSA Advisors, Inc. 0.95% 33,706 $1.4M
17 Retirement Guys Formula LLC 0.90% 45,705 $2.0M
18 Clay Northam Wealth Management, LLC 0.90% 37,370 $1.6M
19 Southland Equity Partners LLC 0.71% 85,042 $3.6M
20 DHJJ Financial Advisors, Ltd. 0.69% 48,940 $2.1M
21 Rothschild Wealth LLC 0.68% 176,212 $7.5M
22 TopTier Wealth Management, LLC 0.66% 24,946 $1.1M
23 Bellwether Advisors, LLC 0.61% 84,532 $3.6M
24 Keystone Wealth Services, LLC 0.58% 63,833 $2.7M
25 Global Assets Advisory, LLC 0.58% 47,535 $2.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Innovator Etfs Trust (PAUG)

What does the Smart Money Trend signal show for PAUG?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PAUG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PAUG?

Heavy selling pressure — only 18% buying: Last quarter: 143 funds sold vs only 31 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for PAUG holders?

Strong quality — 28% AUM from major funds: 11 of 207 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PAUG?

62% of holders stayed for 2+ years: 128 out of 207 hedge funds have held PAUG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Innovator Etfs Trust (PAUG) following the 2026 Q1 hedge fund 13F filings?

As of today, PAUG has moved +0.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), PAUG has gained +6.1% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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