Innovator Etfs Trust (ZNOV): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

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

As of today, ZNOV has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.0% for the SPY sector ETF — an outperformance of -0.7%. Since the quarter end (March 31, 2026), ZNOV gained +3.3% vs +14.8% 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.

Innovator Etfs Trust (ZNOV)

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

Smart Money Signals — ZNOV

Based on 76 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their ZNOV 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 (99% of max)

99% of all-time peak

76 hedge funds hold ZNOV 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 — +153% more funds vs a year ago

fund count last 6Q

+46 new funds entered over the past year (+153% 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 — 52% buying

33 buying31 selling

Last quarter: 33 funds bought or added vs 31 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 (-35 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 6 → 9 → 44 → 9. 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 — 66% entered in last year

■ 1% conviction (2yr+) ■ 33% medium ■ 66% new

Only 1 funds (1%) 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.

💎

Buying through price weakness — shares +13%, value -10%

Value

-9%

+12%

Last quarter: funds added +13% more shares while total portfolio value only changed -10%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~9 new funds/quarter

11 → 6 → 9 → 44 → 9 new funds/Q

New funds entering each quarter: 6 → 9 → 44 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 79% of holders entered in last year

■ 1% veterans ■ 20% 1-2yr ■ 79% new

Of 76 current holders: 60 (79%) entered in the past year, only 1 (1%) 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 — 6% AUM from top-100

6% from top-100 AUM funds

7 of 76 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.6

out of 10

Moderate Exit Risk

Exit risk score 6.6/10 — 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 (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	76	77	-1.3%
13F Shares	3M	3M	12.59%
Total Value	$67M	$74M	-9.86%
New Positions	9	44	-35
Increased Positions	24	19	+5
Closed Positions	10	2	+8
Reduced Positions	21	11	+10
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-1.3%

13F Shares

12.59%

Total Value

$67M

$74M

-9.86%

New Positions

-35

Increased Positions

Closed Positions

Reduced Positions

+10

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

76 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 ZNOV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Integrated Wealth Management	0.58%	18,973	$504K
2	Authentikos Wealth Advisory, LLC	0.56%	31,018	$824K
3	Howard Bailey Securities, LLC	0.44%	40,264	$1.1M
4	Alpine Bank Wealth Management	0.44%	113,000	$3.0M
5	Brown Wealth Management, LLC	0.41%	60,150	$1.6M
6	Centennial Advisors, LLC	0.41%	12,097	$321K
7	FSA Advisors, Inc.	0.34%	19,307	$513K
8	Prostatis Group LLC	0.32%	47,538	$1.3M
9	Key Capital Management, INC	0.27%	15,157	$402K
10	Triad Wealth Partners, LLC	0.23%	110,527	$2.9M
11	Lineweaver Wealth Advisors, LLC	0.23%	64,701	$1.7M
12	Cassady Wealth & Retirement Planning, LLC	0.22%	12,923	$345K
13	Cypress Wealth Services, LLC	0.22%	59,888	$1.6M
14	Nicholas Wealth, LLC.	0.20%	11,122	$295K
15	Central Valley Advisors, LLC	0.17%	23,633	$627K
16	Chris Bulman Inc	0.17%	14,248	$378K
17	Sykon Capital LLC	0.16%	17,813	$473K
18	IMG Wealth Management, Inc.	0.15%	8,956	$238K
19	Encompass More Asset Management	0.15%	33,507	$890K
20	Wealthgarden F.S. LLC	0.14%	7,825	$208K
21	Syon Capital LLC	0.14%	101,397	$2.7M
22	Summit Wealth Partners, LLC	0.13%	31,938	$848K
23	Kfg Wealth Management, LLC	0.10%	28,915	$768K
24	BridgePort Financial Solutions, LLC	0.08%	11,088	$294K
25	Phoenix Wealth Advisors	0.08%	7,540	$200K

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 (ZNOV)

What does the Smart Money Trend signal show for ZNOV?

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

Slight buying edge — 52% buying: Last quarter: 33 funds bought or added vs 31 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 ZNOV holders?

Smaller funds dominant — 6% AUM from top-100: 7 of 76 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ZNOV?

Mostly new holders — 66% entered in last year: Only 1 funds (1%) 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 (ZNOV) following the 2026 Q1 hedge fund 13F filings?

As of today, ZNOV has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.0% for the SPY sector ETF — an outperformance of -0.7%. Since the quarter end (March 31, 2026), ZNOV has gained +3.3% vs +14.8% 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.

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Innovator Etfs Trust (ZNOV)

Smart Money Signals — ZNOV

Selling streak — 1 quarter in a row

At the ownership peak (99% of max)

Fast accumulation — +153% more funds vs a year ago

Slight buying edge — 52% buying

Fewer new buyers each quarter (-35 vs last Q)

Mostly new holders — 66% entered in last year

Buying through price weakness — shares +13%, value -10%

Steady discovery — ~9 new funds/quarter

Early stage — 79% of holders entered in last year

Smaller funds dominant — 6% AUM from top-100

Institutional Sentiment Summary — ZNOV

Hedge Fund Ownership: ZNOV

Market Analysis: ZNOV

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: ZNOV

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

Hedge Fund Positioning: ZNOV

Statistics: ZNOV

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Innovator Etfs Trust (ZNOV)

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