Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovator Etfs Trust (ZSEP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
1Q ▼
Buyers last Q
27%

Smart Money Signals — ZSEP

Based on 74 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ZSEP 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 — 92% of 2.0Y peak

92% of all-time peak
74 funds currently hold this stock — 92% of the 2.0-year high of 80 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +32% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+32% 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.
🔴

Heavy selling pressure — only 27% buying

15 buying40 selling
Last quarter: 40 funds sold vs only 15 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 26 → 17 → 7 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 20% entered in last year

■ 0% conviction (2yr+) ■ 80% medium ■ 20% 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

7 → 26 → 17 → 7 → 8 new funds/Q
New funds entering each quarter: 26 → 17 → 7 → 8. 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.
📊

Mixed cohorts — 0% veterans, 46% new entrants

■ 0% veterans ■ 54% 1-2yr ■ 46% new
Of 74 current holders: 0 (0%) held 2+ years, 40 held 1–2 years, 34 (46%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
6 of 74 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 — ZSEP

In 2026 Q2, 15 hedge funds were net buyers of ZSEP (8 opened a new position, 7 added to an existing one), while 40 reduced or exited (26 trimmed, 14 sold completely) — a 27% buyer ratio, indicating net institutional distribution. 20% of total institutional value in ZSEP is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 74.

Hedge Fund Ownership: ZSEP

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

Market Analysis: ZSEP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZSEP

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

Loading signal freshness…
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
0.4
/ 10
conviction
Hedge Fund Positioning: ZSEP
74 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 74 80 -7.5%
13F Shares 3M 3M -5.92%
Total Value $81M $83M -3.03%
New Positions 8 7 +1
Increased Positions 7 8 -1
Closed Positions 14 7 +7
Reduced Positions 26 31 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ZSEP

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

74 + investors

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

QUARTER:
Top 25 ZSEP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Soltis Investment Advisors LLC 0.63% 413,361 $11.4M
2 Noble Wealth Management PBC 0.51% 41,587 $1.1M
3 TopTier Wealth Management, LLC 0.51% 30,500 $841K
4 Kfg Wealth Management, LLC 0.36% 114,908 $3.2M
5 Brown Wealth Management, LLC 0.24% 38,764 $1.1M
6 FSA Advisors, Inc. 0.17% 13,764 $379K
7 Central Valley Advisors, LLC 0.16% 23,124 $637K
8 Mtm Financial Group, LLC 0.15% 12,754 $351K
9 Chris Bulman Inc 0.15% 14,588 $402K
10 CRA Financial Services, LLC 0.11% 34,835 $960K
11 Signaturefd, LLC 0.10% 282,800 $7.8M
12 Integrity Advisory Solutions, LLC 0.09% 33,454 $922K
13 Lineweaver Wealth Advisors, LLC 0.09% 26,677 $735K
14 Three Seasons Wealth, LLC 0.08% 33,056 $911K
15 Cypress Wealth Services, LLC 0.07% 21,028 $580K
16 Centaurus Financial, INC. 0.06% 55,973 $1.5M
17 FC Advisory LLC 0.06% 7,944 $219K
18 Commonwealth Financial Services, LLC 0.06% 15,043 $415K
19 Swmg, LLC 0.06% 8,495 $235K
20 Glen Eagle Advisors, LLC 0.05% 15,510 $427K
21 Money Concepts Capital Corp 0.05% 42,023 $1.2M
22 Archer Investment Corp 0.05% 9,090 $251K
23 Souders Financial Advisors 0.04% 14,600 $402K
24 Financial Network Wealth Advisors LLC 0.04% 1,444 $40K
25 WPWealth LLP 0.04% 9,645 $266K
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 (ZSEP)

What does the Smart Money Trend signal show for ZSEP?

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

Heavy selling pressure — only 27% buying: Last quarter: 40 funds sold vs only 15 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 ZSEP holders?

Strong quality — 20% AUM from major funds: 6 of 74 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ZSEP?

Mostly new holders — 20% 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.

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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