Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PDEC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
29%

Smart Money Signals — PDEC

Based on 227 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

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

At the ownership peak (99% of max)

99% of all-time peak
227 hedge funds hold PDEC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+16 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 29% buying

51 buying123 selling
Last quarter: 123 funds sold vs only 51 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~22 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 14 → 42 → 22 → 22. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 23% medium ■ 21% new
127 out of 227 hedge funds have held PDEC 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

24 → 14 → 42 → 22 → 22 new funds/Q
New funds entering each quarter: 14 → 42 → 22 → 22. PDEC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 56% veterans vs 26% newcomers

■ 56% veterans ■ 18% 1-2yr ■ 26% new
Entry-cohort mix of 227 holders: 128 (56%) are 2+ year veterans, 41 entered 1–2 years ago, and 58 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds
11 of 226 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — 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 — PDEC

In 2026 Q2, 51 hedge funds were net buyers of PDEC (22 opened a new position, 29 added to an existing one), while 123 reduced or exited (99 trimmed, 24 sold completely) — a 29% buyer ratio, indicating net institutional distribution. 27% of total institutional value in PDEC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 227.

Hedge Fund Ownership: PDEC

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

Market Analysis: PDEC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PDEC

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: PDEC
226 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 226 229 -1.31%
13F Shares 17M 18M -7.15%
Total Value $674M $687M -1.97%
New Positions 22 22 -
Increased Positions 29 31 -2
Closed Positions 24 20 +4
Reduced Positions 99 105 -6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PDEC

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Institutional Holders (2026 Q2)

226 + investors

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

QUARTER:
Top 25 PDEC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fortune Financial Group, Inc. 2.13% 59,335 $2.7M
2 Red Reef Advisors LLC 1.80% 42,630 $2.0M
3 Cassady Wealth & Retirement Planning, LLC 1.66% 77,697 $3.6M
4 Corrado Advisors, LLC 1.62% 76,809 $3.5M
5 Bellwether Advisors, LLC 1.60% 235,490 $10.8M
6 Pinnacle Wealth Management Group, Inc. 1.53% 71,470 $3.3M
7 Gill Capital Partners, LLC 1.37% 112,864 $5.2M
8 Liberty Atlantic Advisors LLC 1.31% 39,665 $1.8M
9 Yarger Wealth Strategies, LLC 1.15% 69,115 $3.2M
10 Mtm Financial Group, LLC 0.98% 49,939 $2.3M
11 Noble Wealth Management PBC 0.97% 47,155 $2.2M
12 Forty-three Eighteen Advisors, LLC 0.91% 29,324 $1.3M
13 Chris Bulman Inc 0.84% 50,400 $2.3M
14 Compass Advisory Group LLC 0.79% 72,451 $3.3M
15 Outlook Wealth Advisors, LLC 0.76% 76,508 $3.5M
16 Castle Rock Wealth Management, LLC 0.74% 82,532 $3.8M
17 Retirement Guys Formula LLC 0.74% 43,030 $2.0M
18 BFI Wealth Solutions, LLC 0.72% 21,165 $971K
19 CRA Financial Services, LLC 0.69% 130,442 $6.0M
20 Diligent Investors, LLC 0.64% 63,036 $2.9M
21 First Commonwealth Financial Corp /Pa/ 0.64% 99,648 $4.6M
22 Weaver Capital Management LLC 0.63% 67,710 $2.9M
23 FSA Advisors, Inc. 0.61% 28,994 $1.3M
24 Weaver Consulting Group 0.55% 58,066 $2.7M
25 MBL Wealth, LLC 0.54% 171,359 $7.9M
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 (PDEC)

What does the Smart Money Trend signal show for PDEC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PDEC 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 PDEC?

Heavy selling pressure — only 29% buying: Last quarter: 123 funds sold vs only 51 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 PDEC holders?

Strong quality — 27% AUM from major funds: 11 of 226 holders rank in the top 100 by AUM, accounting for 27% 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 PDEC?

56% of holders stayed for 2+ years: 127 out of 227 hedge funds have held PDEC 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.

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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