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

INNOVATOR ETFS TRUST (XDSQ)

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

Smart Money Signals — XDSQ

Based on 40 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their XDSQ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (98% of max)

98% of all-time peak

40 hedge funds hold XDSQ 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 — +14% more funds vs a year ago

fund count last 6Q

+5 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟠

More sellers than buyers — 49% buying

20 buying21 selling

Last quarter: 21 funds reduced or exited vs 20 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 — ~4 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 5 → 7 → 7 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

📌

Mixed — 38% long-term, 22% new

■ 38% conviction (2yr+) ■ 40% medium ■ 22% new

Of the 40 current holders: 15 (38%) held >2 years, 16 held 1–2 years, and 9 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

➡️

Steady discovery — ~4 new funds/quarter

10 → 5 → 7 → 7 → 4 new funds/Q

New funds entering each quarter: 5 → 7 → 7 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 40% of holders stayed 2+ years

■ 40% veterans ■ 30% 1-2yr ■ 30% new

Of 40 current holders: 16 (40%) 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 — 3% AUM from top-100

3% from top-100 AUM funds

5 of 40 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.7

out of 10

Low Exit Risk

Exit risk score 3.7/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	40	41	-2.44%
13F Shares	1M	1M	6.14%
Total Value	$50M	$45M	11.76%
New Positions	4	7	-3
Increased Positions	16	15	+1
Closed Positions	5	5	-
Reduced Positions	16	14	+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

-2.44%

13F Shares

6.14%

Total Value

$50M

$45M

11.76%

New Positions

-3

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

40 + investors

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

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

Top 14 institutional holders of XDSQ — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Andina Capital Management, LLC	4.58%	130,813	$5.2M
2	VESTIA PERSONAL WEALTH ADVISORS	0.64%	34,538	$1.4M
3	Ballast Rock Private Wealth LLC	0.21%	9,697	$384K
4	BROWN WEALTH MANAGEMENT, LLC	0.18%	17,739	$702K
5	Triad Wealth Partners, LLC	0.15%	46,364	$1.8M
6	Encompass More Asset Management	0.08%	12,596	$499K
7	JOURNEY RETIREMENT PLANNING & INVESTMENT MANAGEMENT LLC	0.07%	8,370	$348K
8	Brookstone Capital Management	0.02%	44,457	$1.8M
9	WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV	0.00%	500	$20K
10	CoreCap Advisors, LLC	0.00%	1,082	$43K
11	COMMONWEALTH EQUITY SERVICES, LLC	0.00%	25,852	$1.0M
12	IFP Advisors, Inc	0.00%	872	$35K
13	DHJJ Financial Advisors, Ltd.	0.00%	19	—
14	Farther Finance Advisors, LLC	0.00%	65	$3K

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 (XDSQ)

What does the Smart Money Trend signal show for XDSQ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their XDSQ 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 XDSQ?

More sellers than buyers — 49% buying: Last quarter: 21 funds reduced or exited vs 20 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 XDSQ holders?

Smaller funds dominant — 3% AUM from top-100: 5 of 40 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held XDSQ?

Mixed — 38% long-term, 22% new: Of the 40 current holders: 15 (38%) held >2 years, 16 held 1–2 years, and 9 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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 (XDSQ)

Smart Money Signals — XDSQ

Selling streak — 1 quarter in a row

At the ownership peak (98% of max)

Steady growth — +14% more funds vs a year ago

More sellers than buyers — 49% buying

Steady new buyers — ~4 new funds per quarter

Mixed — 38% long-term, 22% new

Steady discovery — ~4 new funds/quarter

Deep conviction — 40% of holders stayed 2+ years

Smaller funds dominant — 3% AUM from top-100

Hedge Fund Ownership: XDSQ

Market Analysis: XDSQ

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: XDSQ

Hedge Fund Positioning: XDSQ

Statistics: XDSQ

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — INNOVATOR ETFS TRUST (XDSQ)

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