Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PJAN)

288 + 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
↑ +14
Streak
3Q ▲
Buyers last Q
36%

Smart Money Signals — PJAN

Based on 293 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
293 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.
🚀

Fast accumulation — +22% more funds vs a year ago

fund count last 6Q
+52 new funds entered over the past year (+22% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🔴

Heavy selling pressure — only 36% buying

83 buying149 selling
Last quarter: 149 funds sold vs only 83 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: 21 → 40 → 54 → 31. 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.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 21% medium ■ 24% new
161 out of 293 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.
📈

Growing discovery — still being found

23 → 21 → 40 → 54 → 31 new funds/Q
New funds entering each quarter: 21 → 40 → 54 → 31. A growing number of institutions are discovering PJAN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 27% newcomers

■ 58% veterans ■ 16% 1-2yr ■ 27% new
Entry-cohort mix of 293 holders: 169 (58%) are 2+ year veterans, 46 entered 1–2 years ago, and 78 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
11 of 292 holders rank in the top 100 by AUM, accounting for 23% 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 — PJAN

In 2026 Q2, 83 hedge funds were net buyers of PJAN (31 opened a new position, 52 added to an existing one), while 149 reduced or exited (132 trimmed, 17 sold completely) — a 36% buyer ratio, indicating net institutional distribution. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 23% of total institutional value in PJAN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 293.

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

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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.

5 top-rated funds 7 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: PJAN
288 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 288 279 3.23%
13F Shares 23M 27M -15.98%
Total Value $1.03B $1.17B -12.35%
New Positions 29 54 -25
Increased Positions 52 114 -62
Closed Positions 19 25 -6
Reduced Positions 130 67 +63
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PJAN

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Institutional Holders (2026 Q2)

288 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Forty-three Eighteen Advisors, LLC 4.72% 141,858 $7.0M
2 BFI Wealth Solutions, LLC 4.53% 123,584 $6.1M
3 Compass Advisory Group LLC 4.39% 373,324 $18.5M
4 Southland Equity Partners LLC 3.23% 373,075 $18.5M
5 Hardworking Capital Advisors, LLC 3.17% 78,293 $3.9M
6 Fortune Financial Group, Inc. 3.12% 80,602 $4.0M
7 Sherry Group, Inc. 3.11% 73,910 $3.2M
8 Long Island Wealth Management, Inc. 2.13% 104,089 $5.2M
9 Bellwether Advisors, LLC 2.06% 280,308 $13.9M
10 Blue Water Asset Management 2.01% 126,053 $6.2M
11 Liberty Atlantic Advisors LLC 1.95% 54,706 $2.7M
12 Range Financial Group LLC 1.90% 140,703 $7.0M
13 JDM Financial Group LLC 1.75% 103,549 $5.1M
14 West Michigan Advisors, LLC 1.73% 171,045 $7.9M
15 Mtm Financial Group, LLC 1.68% 79,195 $3.9M
16 Gill Capital Partners, LLC 1.51% 114,952 $5.7M
17 Cassady Wealth & Retirement Planning, LLC 1.45% 62,910 $3.1M
18 Red Crane Wealth Management, LLC 1.39% 38,110 $1.9M
19 BCGM Wealth Management, LLC 1.27% 121,396 $6.0M
20 COFG Advisors, LLC 1.25% 146,219 $7.2M
21 Corrado Advisors, LLC 1.15% 50,402 $2.5M
22 Cornerstone Wealth, LLC/TN 1.07% 42,575 $2.1M
23 AA Financial Advisors, LLC 1.02% 170,656 $8.4M
24 FSA Advisors, Inc. 1.00% 44,123 $2.2M
25 Pacific Park Financial, Inc. 0.99% 34,297 $1.7M
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 — 3 quarters in a row: For 3 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?

Heavy selling pressure — only 36% buying: Last quarter: 149 funds sold vs only 83 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 PJAN holders?

Strong quality — 23% AUM from major funds: 11 of 292 holders rank in the top 100 by AUM, accounting for 23% 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?

55% of holders stayed for 2+ years: 161 out of 293 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.

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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