Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (PNOV)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
23%

Smart Money Signals — PNOV

Based on 213 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PNOV 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 (95% of max)

95% of all-time peak
213 hedge funds hold PNOV 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 — +19% more funds vs a year ago

fund count last 6Q
+34 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 23% buying

35 buying120 selling
Last quarter: 120 funds sold vs only 35 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~19 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 63 → 16 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

53% conviction (2yr+) 20% medium 27% new
113 out of 213 hedge funds have held PNOV 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

16 → 9 → 63 → 16 → 19 new funds/Q
New funds entering each quarter: 9 → 63 → 16 → 19. PNOV 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 29% newcomers

56% veterans 15% 1-2yr 29% new
Entry-cohort mix of 213 holders: 119 (56%) are 2+ year veterans, 33 entered 1–2 years ago, and 61 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
11 of 212 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.0
out of 10
Moderate Exit Risk
Exit risk score 5.0/10 — 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 — PNOV

In 2026 Q2, 35 hedge funds were net buyers of PNOV (19 opened a new position, 16 added to an existing one), while 120 reduced or exited (104 trimmed, 16 sold completely) — a 23% buyer ratio, indicating net institutional distribution. 39% of total institutional value in PNOV is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 213.

Hedge Fund Ownership: PNOV

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

Market Analysis: PNOV

Analyst Price Targets

Avg. Price Target
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Analyst Recommendations

Stock Performance

Real-time

Company Profile: PNOV

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 1 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: PNOV
211 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 211 210 0.48%
13F Shares 17M 18M -7.5%
Total Value $635M $659M -3.6%
New Positions 18 16 +2
Increased Positions 16 30 -14
Closed Positions 16 31 -15
Reduced Positions 104 93 +11
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PNOV

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Institutional Holders (2026 Q2)

211 + investors

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

QUARTER:
Top 25 PNOV holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sherry Group, Inc. 3.79% 85,017 $3.9M
2 Berkshire Money Management, Inc. 2.47% 608,729 $27.0M
3 Cassady Wealth & Retirement Planning, LLC 1.65% 79,786 $3.5M
4 Gill Capital Partners, LLC 1.14% 97,460 $4.3M
5 Buska Wealth Management, LLC 1.14% 71,337 $3.2M
6 Mtm Financial Group, LLC 0.98% 51,454 $2.3M
7 Comprehensive Financial Consultants Institutional, Inc. 0.90% 76,449 $3.4M
8 Bellwether Advisors, LLC 0.89% 134,829 $6.0M
9 BFI Wealth Solutions, LLC 0.66% 20,006 $887K
10 Atticus Wealth Management, LLC 0.58% 54,628 $2.4M
11 Chris Bulman Inc 0.58% 35,603 $1.6M
12 Three Seasons Wealth, LLC 0.51% 126,302 $5.6M
13 CRA Financial Services, LLC 0.50% 98,264 $4.4M
14 Cape Investment Advisory, Inc. 0.49% 41,700 $1.8M
15 Keating Financial Advisory Services, Inc. 0.48% 82,779 $3.7M
16 Keystone Wealth Services, LLC 0.45% 54,488 $2.4M
17 Freedom Investment Management, Inc. 0.43% 34,962 $1.6M
18 Diligent Investors, LLC 0.43% 43,682 $1.9M
19 FSA Advisors, Inc. 0.41% 20,153 $894K
20 Prairie Wealth Advisors, Inc. 0.38% $1.6M
21 Southland Equity Partners LLC 0.38% 48,434 $2.1M
22 Quest 10 Wealth Builders, Inc. 0.34% 9,870 $438K
23 TopTier Wealth Management, LLC 0.34% 12,555 $557K
24 Forty-three Eighteen Advisors, LLC 0.34% 11,233 $498K
25 Intentional Wealth Strategies, LLC 0.33% 8,029 $356K
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 (PNOV)

What does the Smart Money Trend signal show for PNOV?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PNOV 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 PNOV?

Heavy selling pressure — only 23% buying: Last quarter: 120 funds sold vs only 35 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 PNOV holders?

Strong quality — 39% AUM from major funds: 11 of 212 holders rank in the top 100 by AUM, accounting for 39% 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 PNOV?

53% of holders stayed for 2+ years: 113 out of 213 hedge funds have held PNOV 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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