INNOVATOR ETFS TRUST (XBAP): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

INNOVATOR ETFS TRUST (XBAP)

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

Smart Money Signals — XBAP

Based on 53 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added XBAP 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

53 hedge funds hold XBAP 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 — +26% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+26% 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.

🟠

More sellers than buyers — 44% buying

18 buying23 selling

Last quarter: 23 funds reduced or exited vs 18 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

➡️

Steady new buyers — ~5 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 6 → 9 → 7 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 36% medium ■ 19% new

24 out of 53 hedge funds have held XBAP 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

7 → 6 → 9 → 7 → 5 new funds/Q

New funds entering each quarter: 6 → 9 → 7 → 5. XBAP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Deep conviction — 51% of holders stayed 2+ years

■ 51% veterans ■ 23% 1-2yr ■ 26% new

Of 53 current holders: 27 (51%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

📋

Smaller funds dominant — 1% AUM from top-100

1% from top-100 AUM funds

6 of 53 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

4.0

out of 10

Moderate Exit Risk

Exit risk score 4.0/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	53	50	6.0%
13F Shares	4M	3M	42.45%
Total Value	$171M	$118M	44.59%
New Positions	5	7	-2
Increased Positions	13	8	+5
Closed Positions	2	9	-7
Reduced Positions	21	19	+2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

6.0%

13F Shares

42.45%

Total Value

$171M

$118M

44.59%

New Positions

-2

Increased Positions

Closed Positions

-7

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

53 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 13 institutional holders of XBAP — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Welch Financial Planning, LLC	0.59%	21,137	$827K
2	VESTIA PERSONAL WEALTH ADVISORS	0.25%	13,561	$531K
3	Global Trust Wealth Management LLC	0.16%	5,385	$211K
4	DHJJ Financial Advisors, Ltd.	0.14%	10,704	$419K
5	Outlook Wealth Advisors, LLC	0.08%	8,728	$342K
6	Fragasso Financial Advisors Inc	0.07%	31,296	$1.2M
7	CRA Financial Services, LLC	0.03%	6,785	$266K
8	Kestra Advisory Services, LLC	0.00%	25,015	$979K
9	Gradient Investments LLC	0.00%	5,312	$208K
10	IFP Advisors, Inc	0.00%	1,796	$70K
11	Sequoia Financial Advisors, LLC	0.00%	5,804	$227K
12	Farther Finance Advisors, LLC	0.00%	3,300	$130K
13	COMMONWEALTH EQUITY SERVICES, LLC	0.00%	15,651	$613K

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 (XBAP)

What does the Smart Money Trend signal show for XBAP?

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

More sellers than buyers — 44% buying: Last quarter: 23 funds reduced or exited vs 18 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for XBAP holders?

Smaller funds dominant — 1% AUM from top-100: 6 of 53 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held XBAP?

45% of holders stayed for 2+ years: 24 out of 53 hedge funds have held XBAP 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.

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INNOVATOR ETFS TRUST (XBAP)

Smart Money Signals — XBAP

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +26% more funds vs a year ago

More sellers than buyers — 44% buying

Steady new buyers — ~5 new funds per quarter

45% of holders stayed for 2+ years

Peak discovery — momentum slowing

Deep conviction — 51% of holders stayed 2+ years

Smaller funds dominant — 1% AUM from top-100

Hedge Fund Ownership: XBAP

Market Analysis: XBAP

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: XBAP

Hedge Fund Positioning: XBAP

Statistics: XBAP

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — INNOVATOR ETFS TRUST (XBAP)

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