Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (TJAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
2Q ▼
Buyers last Q
17%

Smart Money Signals — TJAN

Based on 25 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 4Q
For 2 consecutive quarters, more hedge funds reduced or closed their TJAN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 83% of 1.2Y peak

83% of all-time peak
25 funds currently hold this stock — 83% of the 1.2-year high of 30 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 17% fewer funds vs a year ago

fund count last 5Q
5 fewer hedge funds hold TJAN compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 17% buying

3 buying15 selling
Last quarter: 15 funds sold vs only 3 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~1 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 5 → 4 → 1. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 12% entered in last year

■ 0% conviction (2yr+) ■ 88% medium ■ 12% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
⚠️

Saturation — most institutions already know this story

8 → 5 → 4 → 1 new funds/Q
New funds entering each quarter: 8 → 5 → 4 → 1. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 25 current holders: 25 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
4 of 25 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 — TJAN

In 2026 Q1, 3 hedge funds were net buyers of TJAN (1 opened a new position, 2 added to an existing one), while 15 reduced or exited (10 trimmed, 5 sold completely) — a 17% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 25.

Hedge Fund Ownership: TJAN

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

Market Analysis: TJAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TJAN

-- --

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

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

Signal Freshness measures how much TJAN 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 · 74d ago
TJAN
+3.6%
SPY
+14.1%

TJAN outperformed SPY by -10.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
TJAN
+0.4%
SPY
+0.3%

Since the filing became public, TJAN outperformed SPY by +0.1% .

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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: TJAN
25 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 25 29 -13.79%
13F Shares 569K 680K -16.35%
Total Value $15M $19M -18.94%
New Positions 1 4 -3
Increased Positions 2 2 -
Closed Positions 5 5 -
Reduced Positions 10 10 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TJAN

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)

25 + investors

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

QUARTER:
Top 24 TJAN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Atlantic Private Wealth, LLC 0.43% 24,500 $664K
2 Gill Capital Partners, LLC 0.22% 28,254 $766K
3 Cypress Wealth Services, LLC 0.12% 30,599 $829K
4 SMI Advisory Services, LLC 0.08% 18,817 $512K
5 Tradition Wealth Management, LLC 0.06% 32,651 $885K
6 Brookstone Capital Management 0.05% 168,266 $4.6M
7 Triad Wealth Partners, LLC 0.03% 13,253 $359K
8 Old Mission Capital LLC 0.02% 39,191 $1.1M
9 Mutual Advisors, LLC 0.01% 25,017 $678K
10 Abound Wealth Management 0.00% 344 $9K
11 HighTower Advisors, LLC 0.00% 63,479 $1.7M
12 Commonwealth Equity Services, LLC 0.00% 34,931 $947K
13 IFP Advisors, Inc 0.00% 2,100 $57K
14 Farther Finance Advisors, LLC 0.00% 3,249 $88K
15 Mml Investors Services, LLC 0.00% 9,074 $246K
16 Cetera Investment Advisers 0.00% 8,534 $231K
17 Osaic Holdings, INC. 0.00% 5,254 $142K
18 Cwm, LLC 0.00% 2,653 $72K
19 Raymond James Financial Inc 0.00% 22,277 $604K
20 Harbour Investments, INC. 0.00% 171 $5K
21 LPL Financial LLC 0.00% 8,558 $232K
22 Barclays plc 0.00% 6,001 $163K
23 Susquehanna International Group, LLP 0.00% 7,621 $207K
24 UBS Group AG 0.00% 322 $9K
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 (TJAN)

What does the Smart Money Trend signal show for TJAN?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TJAN 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 TJAN?

Heavy selling pressure — only 17% buying: Last quarter: 15 funds sold vs only 3 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 TJAN holders?

Smaller funds dominant — 4% AUM from top-100: 4 of 25 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TJAN?

Mostly new holders — 12% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Innovator Etfs Trust (TJAN) following the 2026 Q1 hedge fund 13F filings?

As of today, TJAN has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +0.1%. Since the quarter end (March 31, 2026), TJAN has gained +3.6% vs +14.1% 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 →