Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (ZALT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
3Q ▲
Buyers last Q
53%

Smart Money Signals — ZALT

Based on 105 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 ZALT 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
105 hedge funds hold ZALT 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 — +31% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+31% 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.
🟡

Slight buying edge — 53% buying

55 buying49 selling
Last quarter: 55 funds bought or added vs 49 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 7 → 18 → 24 → 13. 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.
🔄

Mostly new holders — 37% entered in last year

■ 18% conviction (2yr+) ■ 45% medium ■ 37% new
Only 19 funds (18%) 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.
📈

Growing discovery — still being found

22 → 7 → 18 → 24 → 13 new funds/Q
New funds entering each quarter: 7 → 18 → 24 → 13. A growing number of institutions are discovering ZALT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 15% veterans, 48% new entrants

■ 15% veterans ■ 37% 1-2yr ■ 48% new
Of 105 current holders: 16 (15%) held 2+ years, 39 held 1–2 years, 50 (48%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 2% AUM from top-100

2% from top-100 AUM funds
5 of 105 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 — ZALT

In 2026 Q2, 55 hedge funds were net buyers of ZALT (13 opened a new position, 42 added to an existing one), while 49 reduced or exited (38 trimmed, 11 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 105.

Hedge Fund Ownership: ZALT

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

Market Analysis: ZALT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZALT

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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.

3 top-rated funds 3 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: ZALT
102 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 102 103 -0.97%
13F Shares 15M 20M -22.55%
Total Value $522M $629M -17.11%
New Positions 12 24 -12
Increased Positions 42 45 -3
Closed Positions 13 15 -2
Reduced Positions 36 23 +13
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ZALT

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Financial Highlights

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Institutional Holders (2026 Q2)

102 + investors

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

QUARTER:
Top 25 ZALT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pitti Group Wealth Management, LLC 9.34% 378,737 $12.8M
2 Wealthquest Corp 8.34% 3,901,450 $132.1M
3 Grant Street Asset Management, Inc. 4.30% 774,762 $26.2M
4 D.B. Root & Company, LLC 2.47% 343,193 $11.6M
5 Macco Financial Group, Inc. 2.27% 103,128 $3.5M
6 CRA Financial Services, LLC 1.62% 416,213 $14.1M
7 Mtm Financial Group, LLC 1.32% 90,907 $3.1M
8 Comprehensive Financial Consultants Institutional, Inc. 1.22% 136,367 $4.6M
9 Sugar Maple Asset Management, LLC 0.95% 43,545 $1.5M
10 Triumph Capital Management 0.85% 139,149 $4.7M
11 Schulz Wealth, LTD. 0.77% 43,935 $1.5M
12 PlanVest Financial, Inc 0.72% 31,706 $1.1M
13 Centaurus Financial, INC. 0.66% 505,210 $17.1M
14 Secured Retirement Advisors, LLC 0.64% 37,021 $1.3M
15 Nest Investments, LLC 0.63% 24,546 $831K
16 October Effect Ltd 0.53% 16,623 $563K
17 Sovran Advisors, LLC 0.46% 183,027 $6.2M
18 Kfg Wealth Management, LLC 0.30% 79,251 $2.7M
19 Ballast Rock Private Wealth LLC 0.30% 19,144 $648K
20 SMART Wealth LLC 0.27% 37,185 $1.3M
21 Tanglewood Legacy Advisors, LLC 0.27% 24,770 $839K
22 BFI Wealth Solutions, LLC 0.24% 9,685 $328K
23 Vistica Wealth Advisors, LLC 0.23% 7,900 $268K
24 Crux Wealth Advisors 0.21% 17,808 $603K
25 Insight Wealth Partners, LLC 0.21% 45,284 $1.5M
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 (ZALT)

What does the Smart Money Trend signal show for ZALT?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ZALT 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 ZALT?

Slight buying edge — 53% buying: Last quarter: 55 funds bought or added vs 49 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ZALT holders?

Smaller funds dominant — 2% AUM from top-100: 5 of 105 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ZALT?

Mostly new holders — 37% entered in last year: Only 19 funds (18%) 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.

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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