Vault-13

INNOVATOR ETFS TRUST KAPR

US SML CP PWR ET · ETP · CUSIP 45782C342

95 institutional holders -4 vs Q3 2025
3,194,3673.2m shares reported held*
$112.6mreported value*
5 new 12 added 40 reduced 16 sold out net sold ≈ $7.9m (-224.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $35.23.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 50Q4 22: 54Q1 23: 57Q2 23: 83Q3 23: 75Q4 23: 84Q1 24: 73Q2 24: 94Q3 24: 93Q4 24: 103Q1 25: 99Q2 25: 101Q3 25: 99Q4 25: 9595Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202250
Q4 202254
Q1 202357
Q2 202383
Q3 202375
Q4 202384
Q1 202473
Q2 202494
Q3 202493
Q4 2024103
Q1 202599
Q2 2025101
Q3 202599
Q4 202595

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 16 bought or addedQ1 24: 46 cut or sold outQ2 24: 68 bought or addedQ2 24: 17 cut or sold outQ2 24Q3 24: 43 bought or addedQ3 24: 40 cut or sold outQ4 24: 28 bought or addedQ4 24: 43 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 49 cut or sold outQ2 25: 52 bought or addedQ2 25: 39 cut or sold outQ2 25Q3 25: 21 bought or addedQ3 25: 51 cut or sold outQ4 25: 17 bought or addedQ4 25: 56 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241646
Q2 20246817
Q3 20244340
Q4 20242843
Q1 20253049
Q2 20255239
Q3 20252151
Q4 20251756

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +41,360+41.4k
LPL Financial LLC Added +13,058+13.1k
Concurrent Investment Advisors, LLC Added +13,054+13.1k
My Personal CFO, LLC New +12,731+12.7k
BCS Wealth Management Added +10,466+10.5k
World Investment Advisors New +6,035+6.0k
SageView Advisory Group, LLC New +4,542+4.5k
FOUNDERS FINANCIAL SECURITIES LLC Added +3,786+3.8k
Triumph Capital Management New +1,716+1.7k
ENVESTNET ASSET MANAGEMENT INC Added +426+426

Biggest sellers

Catalina Capital Group, LLC Sold out -52,018-52.0k
JANE STREET GROUP, LLC Sold out -51,625-51.6k
Cetera Investment Advisers Reduced -34,692-34.7k
OLD MISSION CAPITAL LLC Sold out -34,374-34.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -15,099-15.1k
Ameritas Advisory Services, LLC Sold out -13,000-13.0k
RAYMOND JAMES FINANCIAL INC Reduced -11,994-12.0k
LEIGH BALDWIN & CO., LLC Sold out -11,551-11.6k
GOLDMAN SACHS GROUP INC Sold out -10,628-10.6k
Prairie Wealth Advisors, Inc. Reduced -9,325-9.3k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 521,833521.8k $18.3m $18.3m 0.02% Reduced -34.7k -34,692
2 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 250,769250.8k $8.8m $8.8m 0.01% Reduced -15.1k -15,099
3 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 171,008171.0k $6.0m $6.0m 0.01% Reduced -6.7k -6,718
4 Tradition Wealth Management, LLC 0.34% of their portfolio EDINA, MN 134,097134.1k $4.7m $4.7m 0.34% Reduced -3.8k -3,766
5 ODonnell Financial Services, LLC 1.57% of their portfolio SAN RAFAEL, CA 131,097131.1k $4.6m $4.6m 1.57% Reduced -3.0k -3,022
6 BFI Wealth Solutions, LLC 3.75% of their portfolio DALLAS, TX 112,032112.0k $3.9m $3.9m 3.75% First filing
7 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 107,711107.7k $3.8m $3.8m 0.02% Reduced -2.9k -2,934
8 RED CRANE WEALTH MANAGEMENT, LLC 3.05% of their portfolio SAN FRANCISCO, CA 106,093106.1k $3.7m $3.7m 3.05% Added +328 +328
9 Berkshire Money Management, Inc. 0.34% of their portfolio DALTON, MA 100,464100.5k $3.5m $3.5m 0.34% Reduced -769 -769
10 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 94,17294.2k $3.3m $3.3m 0.01% Reduced -3.9k -3,928
11 Onyx Bridge Wealth Group LLC 0.32% of their portfolio TARRYTOWN, NY 86,49986.5k $3.0m $3.0m 0.32% Reduced -581 -581
12 First Commonwealth Financial Corp /PA/ 0.47% of their portfolio Indiana, PA 81,29181.3k $2.9m $2.9m 0.47% Reduced -553 -553
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 66,31466.3k $2.3m $2.3m 0.00% Added +13.1k +13,058
14 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 54,16554.2k $1.9m $1.9m 0.01% Reduced -1.7k -1,656
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 52,68952.7k $1.9m $1.9m 0.00% Reduced -12.0k -11,994
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 49,32849.3k $1.7m $1.7m 0.00% Added +41.4k +41,360
17 Wood Tarver Financial Group, LLC 0.41% of their portfolio BOISE, ID 41,84941.8k $1.5m $1.5m 0.41% Reduced -396 -396
18 CWM, LLC 0.00% of their portfolio OMAHA, NE 34,91234.9k $1.2m $1.2m 0.00% Reduced -1.5k -1,478
19 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 32,08732.1k $1.1m $1.1m 0.00% Reduced -942 -942
20 Diligent Investors, LLC 0.26% of their portfolio REDLANDS, CA 30,14630.1k $1.1m $1.1m 0.26% Unchanged
21 Fragasso Financial Advisors Inc 0.06% of their portfolio SEWICKLEY, PA 29,51429.5k $1.0m $1.0m 0.06% Unchanged
22 TopTier Wealth Management, LLC 0.67% of their portfolio MUSKEGO, WI 27,99028.0k $983.3k $983.3k 0.67% First filing
23 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 27,46827.5k $965.0k $965.0k 0.01% Reduced -375 -375
24 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 27,14627.1k $954.0k $954.0k 0.00% Reduced -597 -597
25 Compass Advisory Group LLC 0.26% of their portfolio MELVILLE, NY 27,09327.1k $951.8k $951.8k 0.26% Reduced -250 -250
26 FOUNDERS FINANCIAL SECURITIES LLC 0.06% of their portfolio TOWSON, MD 26,73226.7k $939.1k $939.1k 0.06% Added +3.8k +3,786
27 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 26,10826.1k $917.2k $917.2k 0.01% Added +13.1k +13,054
28 Berger Financial Group, Inc 0.05% of their portfolio PLYMOUTH, MN 25,55625.6k $897.8k $897.8k 0.05% Reduced -1.3k -1,286
29 DHJJ Financial Advisors, Ltd. 0.29% of their portfolio NAPERVILLE, IL 25,18325.2k $884.7k $884.7k 0.29% Reduced -521 -521
30 CORRADO ADVISORS, LLC 0.44% of their portfolio RAMSEY, NJ 24,71424.7k $868.2k $868.2k 0.44% Reduced -161 -161
31 Main Street Financial Solutions, LLC 0.06% of their portfolio NEWTOWN, PA 23,78223.8k $835.5k $835.5k 0.06% Unchanged
32 WEALTH ALLIANCE, LLC 0.08% of their portfolio MELLVILLE, NY 23,63923.6k $830.4k $830.4k 0.08% Unchanged
33 Capital Analysts, LLC 0.02% of their portfolio FORT WASHINGTON, PA 23,30623.3k $819.0k $819.0k 0.02% Reduced -2.8k -2,822
34 Weaver Consulting Group 0.20% of their portfolio HUNTINGTON BEACH, CA 23,13523.1k $812.7k $812.7k 0.20% Unchanged
35 Miller Financial Services LLC 0.94% of their portfolio MARSHALL, MI 22,84022.8k $802.4k $802.4k 0.94% Reduced -440 -440
36 Faithward Advisors, LLC 0.12% of their portfolio LANCASTER, PA 22,81122.8k $801.4k $801.4k 0.12% Reduced -2.4k -2,448
37 PFS Partners, LLC 0.37% of their portfolio MINE HILL, NJ 22,69722.7k $797.3k $797.3k 0.37% Unchanged
38 BCS Wealth Management 0.07% of their portfolio JOHNSON CITY, TN 20,95221.0k $736.0k $736.0k 0.07% Added +10.5k +10,466
39 Jacobi Capital Management LLC 0.04% of their portfolio PITTSTON, PA 20,34720.3k $714.8k $714.8k 0.04% Unchanged
40 Sunbelt Securities, Inc. 0.05% of their portfolio HOUSTON, TX 19,44319.4k $683.0k $683.0k 0.05% Reduced -1.8k -1,823
41 Maltin Wealth Management, Inc. 0.26% of their portfolio RIDGEWOOD, NJ 18,47918.5k $649.2k $649.2k 0.26% Reduced -120 -120
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,25918.3k $641.4k $641.4k 0.00% Added +426 +426
43 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 17,51917.5k $615.4k $615.4k 0.03% Reduced -90 -90
44 FSA Advisors, Inc. 0.43% of their portfolio TROY, MI 17,41817.4k $611.9k $611.9k 0.43% Reduced -57 -57
45 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 17,16717.2k $603.1k $603.1k 0.03% Added +9 +9
46 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 16,76016.8k $588.8k $588.8k 0.00% Reduced -69 -69
47 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 16,35616.4k $574.6k $574.6k 0.00% Reduced -17 -17
48 Valtinson Bruner Financial Planning LLC 0.16% of their portfolio NEW BRIGHTON, MN 15,87515.9k $557.7k $557.7k 0.16% Unchanged
49 Clear Point Advisors Inc. 0.42% of their portfolio MELVILLE, NY 15,45915.5k $543.1k $543.1k 0.42% Unchanged
50 Straight Path Wealth Management 0.15% of their portfolio Jenison, MI 15,40215.4k $541.1k $541.1k 0.15% Added +98 +98
51 Keating Financial Advisory Services, Inc. 0.07% of their portfolio MANHATTAN, KS 14,96015.0k $525.5k $525.5k 0.07% First filing
52 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 14,32714.3k $503.3k $503.3k 0.00% Unchanged
53 Forvis Mazars Wealth Advisors, LLC 0.01% of their portfolio Springfield, MO 13,31713.3k $467.8k $467.8k 0.01% Unchanged
54 My Personal CFO, LLC 0.19% of their portfolio VANCOUVER, WA 12,73112.7k $447.2k $447.2k 0.19% New
55 Stratos Wealth Advisors, LLC 0.02% of their portfolio BEACHWOOD, OH 12,12412.1k $425.9k $425.9k 0.02% Unchanged
56 Long Island Wealth Management, Inc. 0.20% of their portfolio MELVILLE, NY 11,94511.9k $419.6k $419.6k 0.20% Unchanged
57 Wealthspire Retirement, LLC 0.02% of their portfolio ALISO VIEJO, CA 11,04911.0k $388.2k $388.2k 0.02% Unchanged
58 Beacon Financial Advisory LLC 0.09% of their portfolio CLEVELAND, OH 10,68110.7k $375.2k $375.2k 0.09% Unchanged
59 Archer Investment Corp 0.08% of their portfolio Carmel, IN 10,49210.5k $368.6k $368.6k 0.08% Unchanged
60 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 10,36510.4k $364.1k $364.1k 0.00% Unchanged
61 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,4579.5k $335.0k $335.0k 0.00% Unchanged
62 Collaborative Wealth Managment Inc. 0.12% of their portfolio LAKE MARY, FL 9,4099.4k $330.5k $330.5k 0.12% Reduced -95 -95
63 Visionary Wealth Advisors 0.01% of their portfolio O'FALLON, IL 9,3279.3k $327.7k $327.7k 0.01% Reduced -25 -25
64 WorthPointe, LLC 0.08% of their portfolio La Jolla, CA 9,1609.2k $321.8k $321.8k 0.08% Reduced -18 -18
65 Financial Network Wealth Advisors LLC 0.32% of their portfolio MURRAY, UT 8,6378.6k $303.4k $303.4k 0.32% Unchanged
66 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 8,5078.5k $298.9k $298.9k 0.00% First filing
67 Vantage Point Financial LLC 0.10% of their portfolio LISLE, IL 8,0898.1k $284.2k $284.2k 0.10% Unchanged
68 Opus Financial Solutions LLC 0.25% of their portfolio DOWNERS GROVE, IL 7,5027.5k $263.5k $263.5k 0.25% First filing
69 Cardinal Point Capital Management ULC 0.02% of their portfolio TORONTO, A6 7,3607.4k $258.6k $258.6k 0.02% Unchanged
70 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 6,7376.7k $236.7k $236.7k 0.01% Reduced -5 -5
71 WINNACLE WEALTH LLC 0.18% of their portfolio WACO, TX 6,7206.7k $241.9k $241.9k 0.18% Reduced -973 -973
72 Liberty Atlantic Advisors LLC 0.23% of their portfolio ALLEN, TX 6,6356.6k $233.1k $233.1k 0.23% First filing
73 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,6116.6k $232.2k $232.2k 0.01% Added +336 +336
74 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 6,4596.5k $226.9k $226.9k 0.00% Added +11 +11
75 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 6,0356.0k $212.0k $212.0k 0.00% New
76 GILL CAPITAL PARTNERS, LLC 0.06% of their portfolio DENVER, CO 5,9085.9k $207.5k $207.5k 0.06% Reduced -900 -900
77 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 5,0655.1k $177.9k $177.9k 0.01% Unchanged
78 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 4,5424.5k $159.6k $159.6k 0.01% New
79 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 4,1484.1k $145.7k $145.7k 0.00% Unchanged
80 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 3,5583.6k $125.0k $125.0k 0.00% Reduced -102 -102
81 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,1692.2k $76.2k $76.2k 0.00% Unchanged
82 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,0742.1k $72.9k $72.9k 0.00% Unchanged
83 Global Trust Asset Management, LLC 0.03% of their portfolio PALM BEACH GARDENS, FL 2,0002.0k $70.3k $70.3k 0.03% Unchanged
84 Triumph Capital Management 0.01% of their portfolio DENVER, CO 1,7161.7k $60.3k $60.3k 0.01% New
85 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,5001.5k $52.7k $52.7k 0.00% Unchanged
86 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 1,1241.1k $39.5k $39.5k 0.01% Unchanged
87 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,0821.1k $38.0k $38.0k 0.00% Reduced -3.1k -3,139
88 GILPIN WEALTH MANAGEMENT, LLC 0.03% of their portfolio DENVER, CO 1,0001.0k $35.1k $35.1k 0.03% First filing
89 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 843843 $29.6k $29.6k 0.00% Unchanged
90 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 512512 $18.0k $18.0k 0.00% Unchanged
91 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 305305 $10.7k $10.7k 0.00% New
92 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 272272 $9.6k $9.6k 0.00% Added +222 +222
93 Noble Wealth Management PBC 0.00% of their portfolio GREENWOOD VILLAGE, CO 150150 $5.3k $5.3k 0.00% Unchanged
94 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5757 $2.0k $2.0k 0.00% Reduced -57 -57
95 Prairie Wealth Advisors, Inc. 0.14% of their portfolio OMAHA, NE 00 $325.6k $325.6k 0.14% Reduced -9.3k -9,325