Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PFEB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
2Q ▲
Buyers last Q
67%

Smart Money Signals — PFEB

Based on 231 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added PFEB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
231 hedge funds hold PFEB 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 — +15% more funds vs a year ago

fund count last 6Q
+30 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 67% buying

139 buying67 selling
Last quarter: 139 funds were net buyers (43 opened a brand new position + 96 added to an existing one). Only 67 were sellers (47 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+16 vs last Q)

new funds entering per quarter
Funds opening a new PFEB position: 27 → 13 → 27 → 43. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 23% medium ■ 25% new
120 out of 231 hedge funds have held PFEB 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.
🚀

Acceleration phase — new buyers rushing in

43 → 27 → 13 → 27 → 43 new funds/Q
New funds entering each quarter: 27 → 13 → 27 → 43. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 49% veterans vs 32% newcomers

■ 49% veterans ■ 19% 1-2yr ■ 32% new
Entry-cohort mix of 231 holders: 113 (49%) are 2+ year veterans, 43 entered 1–2 years ago, and 75 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 30% AUM from major funds

30% from top-100 AUM funds
12 of 231 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — PFEB

In 2026 Q1, 139 hedge funds were net buyers of PFEB (43 opened a new position, 96 added to an existing one), while 67 reduced or exited (47 trimmed, 20 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 30% of total institutional value in PFEB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 231.

Hedge Fund Ownership: PFEB

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

Market Analysis: PFEB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PFEB

-- --

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

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

Signal Freshness measures how much PFEB 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 · 84d ago
PFEB
+6.7%
SPY
+14.9%

PFEB outperformed SPY by -8.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
PFEB
+0.4%
SPY
+1.1%

Since the filing became public, PFEB outperformed SPY by -0.7% .

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 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: PFEB
230 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 230 208 10.58%
13F Shares 17M 14M 23.26%
Total Value $607M $561M 8.27%
New Positions 43 27 +16
Increased Positions 96 18 +78
Closed Positions 21 14 +7
Reduced Positions 47 91 -44
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PFEB

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

230 + investors

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

QUARTER:
Top 25 PFEB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cassady Wealth & Retirement Planning, LLC 3.41% 128,260 $5.2M
2 Cornerstone Wealth, LLC/TN 3.04% 128,563 $5.4M
3 Blossom Wealth Management 1.63% 27,468 $1.1M
4 BFI Wealth Solutions, LLC 1.43% 37,038 $1.5M
5 Triton Financial Group Inc 1.29% 18,371 $739K
6 Integrity Advisory Solutions, LLC 1.29% 243,038 $9.7M
7 Southland Equity Partners LLC 1.26% 161,134 $6.5M
8 Chris Bulman Inc 1.25% 71,175 $2.9M
9 Yarger Wealth Strategies, LLC 1.24% 76,609 $3.1M
10 Riverchase Wealth Management, LLC 1.16% 55,663 $2.2M
11 FSA Advisors, Inc. 1.04% 39,226 $1.6M
12 Weaver Consulting Group 0.99% 103,506 $4.2M
13 BCS Wealth Management 0.94% 114,488 $4.6M
14 Corrado Advisors, LLC 0.90% 42,914 $1.7M
15 Gill Capital Partners, LLC 0.88% 76,430 $3.1M
16 LeClair Wealth Partners LLC 0.86% 62,171 $2.5M
17 Blue Water Asset Management 0.86% 62,171 $2.5M
18 Castle Rock Wealth Management, LLC 0.84% 95,869 $3.9M
19 Diligent Investors, LLC 0.76% 76,420 $3.1M
20 Pinnacle Wealth Management Group, Inc. 0.74% 37,728 $1.5M
21 Forty-three Eighteen Advisors, LLC 0.70% 23,296 $934K
22 Fortune Financial Group, Inc. 0.67% 18,588 $745K
23 Keating Financial Advisory Services, Inc. 0.60% 92,694 $3.7M
24 Bellwether Advisors, LLC 0.55% 80,854 $3.2M
25 Lakeridge Wealth Management LLC 0.54% 31,197 $1.3M
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 (PFEB)

What does the Smart Money Trend signal show for PFEB?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added PFEB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PFEB?

More buyers than sellers — 67% buying: Last quarter: 139 funds were net buyers (43 opened a brand new position + 96 added to an existing one). Only 67 were sellers (47 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PFEB holders?

Strong quality — 30% AUM from major funds: 12 of 231 holders rank in the top 100 by AUM, accounting for 30% 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 PFEB?

52% of holders stayed for 2+ years: 120 out of 231 hedge funds have held PFEB 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 (PFEB) following the 2026 Q1 hedge fund 13F filings?

As of today, PFEB has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -0.7%. Since the quarter end (March 31, 2026), PFEB has gained +6.7% vs +14.9% 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.

Full history →