Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVATOR ETFS TRUST (ZSEP)

75 + 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
↑ +2
Streak
3Q ▲
Buyers last Q
38%

Smart Money Signals — ZSEP

Based on 75 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 5Q
For 3 consecutive quarters, more hedge funds added ZSEP 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
75 hedge funds hold ZSEP right now — the highest count in 1.5 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 — +39% more funds vs a year ago

fund count last 6Q
+21 new funds entered over the past year (+39% 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 38% buying

23 buying38 selling
Last quarter: 38 funds sold vs only 23 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 4 → 7 → 25 → 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 — 44% entered in last year

■ 0% conviction (2yr+) ■ 56% medium ■ 44% 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.
📈

Growing discovery — still being found

12 → 4 → 7 → 25 → 13 new funds/Q
New funds entering each quarter: 4 → 7 → 25 → 13. A growing number of institutions are discovering ZSEP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 57% of holders entered in last year

■ 0% veterans ■ 43% 1-2yr ■ 57% new
Of 75 current holders: 43 (57%) entered in the past year, only 0 (0%) 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 — 4% AUM from top-100

4% from top-100 AUM funds
6 of 75 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.5
out of 10
Moderate Exit Risk
Exit risk score 5.5/10 — 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.

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

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 1 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: ZSEP
2026 Q1 Stats Unlock in 14 days 75 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 75 73 2.74%
13F Shares 3M 3M -12.58%
Total Value $81M $92M -11.67%
New Positions 13 25 -12
Increased Positions 10 23 -13
Closed Positions 11 7 +4
Reduced Positions 27 11 +16
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ZSEP

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

75 + investors

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

Top 25 institutional holders of ZSEP — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Integrated Wealth Management 1.16% 37,807 $1.0M
2 Noble Wealth Management PBC 0.98% 72,889 $1.9M
3 HOWARD BAILEY SECURITIES, LLC 0.84% 76,100 $2.0M
4 Centennial Advisors, LLC 0.77% 22,796 $609K
5 TopTier Wealth Management, LLC 0.50% 30,500 $815K
6 KFG WEALTH MANAGEMENT, LLC 0.40% 115,001 $3.1M
7 Three Seasons Wealth, LLC 0.34% 33,056 $883K
8 BROWN WEALTH MANAGEMENT, LLC 0.23% 34,035 $909K
9 CENTRAL VALLEY ADVISORS, LLC 0.17% 23,815 $636K
10 Chris Bulman Inc 0.17% 14,457 $386K
11 Aegis Wealth Management, Inc. 0.16% 7,807 $209K
12 HFG Wealth Management, LLC 0.12% 8,495 $227K
13 CRA Financial Services, LLC 0.12% 34,835 $931K
14 SIGNATUREFD, LLC 0.12% 282,800 $7.6M
15 Csenge Advisory Group 0.11% 85,895 $2.3M
16 Lineweaver Wealth Advisors, LLC 0.10% 26,677 $713K
17 Cypress Wealth Services, LLC 0.08% 21,028 $562K
18 MONEY CONCEPTS CAPITAL CORP 0.06% 42,023 $1.1M
19 FC Advisory LLC 0.06% 7,944 $212K
20 Archer Investment Corp 0.05% 9,384 $251K
21 EVOLUTION WEALTH MANAGEMENT INC. 0.05% 2,390 $64K
22 Souders Financial Advisors 0.04% 14,600 $390K
23 Marshall Financial Group, LLC 0.03% 8,119 $217K
24 Networth Advisors, LLC 0.03% 1,571 $42K
25 Kestra Advisory Services, LLC 0.02% 176,307 $4.7M
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?

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

Heavy selling pressure — only 38% buying: Last quarter: 38 funds sold vs only 23 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?

Smaller funds dominant — 4% AUM from top-100: 6 of 75 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ZSEP?

Mostly new holders — 44% 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.