Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PJAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +29
Streak
2Q ▲
Buyers last Q
65%

Smart Money Signals — PJAN

Based on 278 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 PJAN 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
278 hedge funds hold PJAN 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 — +18% more funds vs a year ago

fund count last 6Q
+43 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 65% buying

167 buying91 selling
Last quarter: 167 funds were net buyers (53 opened a brand new position + 114 added to an existing one). Only 91 were sellers (67 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+14 vs last Q)

new funds entering per quarter
Funds opening a new PJAN position: 23 → 21 → 39 → 53. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 23% medium ■ 23% new
150 out of 278 hedge funds have held PJAN 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

36 → 23 → 21 → 39 → 53 new funds/Q
New funds entering each quarter: 23 → 21 → 39 → 53. 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 — 51% veterans vs 28% newcomers

■ 51% veterans ■ 21% 1-2yr ■ 28% new
Entry-cohort mix of 278 holders: 142 (51%) are 2+ year veterans, 57 entered 1–2 years ago, and 79 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds
11 of 278 holders rank in the top 100 by AUM, accounting for 21% 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 — PJAN

In 2026 Q1, 167 hedge funds were net buyers of PJAN (53 opened a new position, 114 added to an existing one), while 91 reduced or exited (67 trimmed, 24 sold completely) — a 65% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 21% of total institutional value in PJAN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +29 funds (more new holders than closures). Total institutional holders: 278.

Hedge Fund Ownership: PJAN

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

Market Analysis: PJAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PJAN

-- --

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

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

Signal Freshness measures how much PJAN 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 · 79d ago
PJAN
+7.2%
SPY
+13.9%

PJAN outperformed SPY by -6.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
PJAN
+1.0%
SPY
+0.2%

Since the filing became public, PJAN outperformed SPY by +0.8% .

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.

6 top-rated funds 9 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: PJAN
276 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 276 249 10.84%
13F Shares 27M 21M 25.61%
Total Value $1.16B $1.01B 15.35%
New Positions 52 39 +13
Increased Positions 114 63 +51
Closed Positions 25 23 +2
Reduced Positions 67 91 -24
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PJAN

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Financial Highlights

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Institutional Holders (2026 Q1)

276 + investors

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

QUARTER:
Top 25 PJAN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Forty-three Eighteen Advisors, LLC 4.93% 141,958 $6.5M
2 Compass Advisory Group LLC 4.57% 370,574 $17.1M
3 BFI Wealth Solutions, LLC 4.42% 99,192 $4.6M
4 Personal Cfo Solutions, LLC 3.85% 593,514 $27.4M
5 Hardworking Capital Advisors, LLC 3.56% 82,412 $3.8M
6 Southland Equity Partners LLC 3.45% 384,166 $17.7M
7 Fortune Financial Group, Inc. 3.36% 80,936 $3.7M
8 Range Financial Group LLC 2.23% 143,808 $6.6M
9 Long Island Wealth Management, Inc. 2.22% 103,874 $4.8M
10 Bellwether Advisors, LLC 2.21% 282,400 $13.0M
11 Liberty Atlantic Advisors LLC 2.19% 55,562 $2.6M
12 Blue Water Asset Management 2.01% 126,115 $5.8M
13 LeClair Wealth Partners LLC 2.01% 126,115 $5.8M
14 JDM Financial Group LLC 1.85% 104,059 $4.8M
15 West Michigan Advisors, LLC 1.73% 171,045 $7.9M
16 COFG Advisors, LLC 1.67% 146,319 $6.7M
17 Gill Capital Partners, LLC 1.59% 119,887 $5.5M
18 Red Crane Wealth Management, LLC 1.45% 38,110 $1.8M
19 BCGM Wealth Management, LLC 1.42% 122,471 $5.6M
20 FSA Advisors, Inc. 1.37% 45,061 $2.1M
21 Ascent Wealth Partners, LLC 1.26% 234,844 $10.8M
22 Corrado Advisors, LLC 1.23% 51,086 $2.4M
23 AA Financial Advisors, LLC 1.15% 177,189 $8.2M
24 Cornerstone Wealth, LLC/TN 1.13% 41,602 $2.0M
25 Pacific Park Financial, Inc. 1.05% 34,728 $1.6M
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 (PJAN)

What does the Smart Money Trend signal show for PJAN?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added PJAN 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 PJAN?

More buyers than sellers — 65% buying: Last quarter: 167 funds were net buyers (53 opened a brand new position + 114 added to an existing one). Only 91 were sellers (67 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for PJAN holders?

Strong quality — 21% AUM from major funds: 11 of 278 holders rank in the top 100 by AUM, accounting for 21% 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 PJAN?

54% of holders stayed for 2+ years: 150 out of 278 hedge funds have held PJAN 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 (PJAN) following the 2026 Q1 hedge fund 13F filings?

As of today, PJAN has moved +1.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.8%. Since the quarter end (March 31, 2026), PJAN has gained +7.2% vs +13.9% 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.

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