Vault-13

INNOVATOR ETFS TRUST IAPR

INTRNL DEV APRL · ETP · CUSIP 45782C367

100 institutional holders +3 vs Q3 2025
5,630,5545.6m shares reported held*
$174.1mreported value*
9 new 17 added 38 reduced 10 sold out net sold ≈ $3.3m (-106.7k 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 ≈ $30.92.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 29Q4 22: 35Q1 23: 46Q2 23: 74Q3 23: 72Q4 23: 86Q1 24: 79Q2 24: 85Q3 24: 78Q4 24: 85Q1 25: 80Q2 25: 99Q3 25: 97Q4 25: 100100Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202229
Q4 202235
Q1 202346
Q2 202374
Q3 202372
Q4 202386
Q1 202479
Q2 202485
Q3 202478
Q4 202485
Q1 202580
Q2 202599
Q3 202597
Q4 2025100

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 25 bought or addedQ1 24: 48 cut or sold outQ2 24: 48 bought or addedQ2 24: 28 cut or sold outQ2 24Q3 24: 22 bought or addedQ3 24: 42 cut or sold outQ4 24: 26 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 40 cut or sold outQ2 25: 62 bought or addedQ2 25: 26 cut or sold outQ2 25Q3 25: 27 bought or addedQ3 25: 52 cut or sold outQ4 25: 26 bought or addedQ4 25: 48 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242548
Q2 20244828
Q3 20242242
Q4 20242638
Q1 20252240
Q2 20256226
Q3 20252752
Q4 20252648

Biggest buyers

BIP Wealth, LLC New +91,640+91.6k
Focus Partners Wealth Added +80,994+81.0k
Signal Advisors Wealth, LLC New +50,905+50.9k
OLD MISSION CAPITAL LLC Added +36,879+36.9k
World Investment Advisors New +27,866+27.9k
BCS Wealth Management Added +26,068+26.1k
LPL Financial LLC Added +16,123+16.1k
WealthPlan Investment Management, LLC New +12,541+12.5k
Rothschild Wealth LLC New +12,514+12.5k
Americana Partners, LLC Added +8,947+8.9k

Biggest sellers

Strategic Blueprint, LLC Sold out -93,281-93.3k
NorthCoast Asset Management LLC Sold out -82,258-82.3k
Composition Wealth, LLC Reduced -57,257-57.3k
CORRADO ADVISORS, LLC Reduced -56,025-56.0k
JPMORGAN CHASE & CO Reduced -33,347-33.3k
OSAIC HOLDINGS, INC. Reduced -21,888-21.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -13,977-14.0k
Prairie Wealth Advisors, Inc. Reduced -13,942-13.9k
Cetera Investment Advisers Reduced -12,660-12.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -11,765-11.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Americana Partners, LLC 1.15% of their portfolio Houston, TX 1,361,1981.4m $42.0m $42.0m 1.15% Added +8.9k +8,947
2 Composition Wealth, LLC 0.26% of their portfolio LOS ANGELES, CA 580,197580.2k $17.9m $17.9m 0.26% Reduced -57.3k -57,257
3 HFG Wealth Management, LLC 8.24% of their portfolio The Woodlands, TX 484,738484.7k $14.9m $14.9m 8.24% Reduced -3.1k -3,128
4 PFS Partners, LLC 4.06% of their portfolio MINE HILL, NJ 287,149287.1k $8.9m $8.9m 4.06% Reduced -3.4k -3,382
5 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 250,309250.3k $7.7m $7.7m 0.01% Reduced -11.8k -11,765
6 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 152,207152.2k $4.7m $4.7m 0.02% Added +7.9k +7,930
7 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 124,170124.2k $3.8m $3.8m 0.00% Reduced -12.7k -12,660
8 PRINCIPAL SECURITIES, INC. 0.05% of their portfolio DES MOINES, IA 107,563107.6k $3.3m $3.3m 0.05% Unchanged
9 Tradition Wealth Management, LLC 0.22% of their portfolio EDINA, MN 97,85697.9k $3.0m $3.0m 0.22% Reduced -2.3k -2,343
10 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 95,39595.4k $2.9m $2.9m 0.00% Added +81.0k +80,994
11 BIP Wealth, LLC 0.10% of their portfolio ATLANTA, GA 91,64091.6k $2.8m $2.8m 0.10% New
12 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 80,55080.5k $2.5m $2.5m 0.00% Reduced -21.9k -21,888
13 Fragasso Financial Advisors Inc 0.14% of their portfolio SEWICKLEY, PA 76,19176.2k $2.3m $2.3m 0.14% Reduced -3.7k -3,738
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 76,14576.1k $2.3m $2.3m 0.00% Reduced -5.0k -4,962
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 73,26773.3k $2.3m $2.3m 0.00% Added +16.1k +16,123
16 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 62,81162.8k $1.9m $1.9m 0.02% Added +297 +297
17 CWM, LLC 0.01% of their portfolio OMAHA, NE 60,91060.9k $1.9m $1.9m 0.01% Added +3.2k +3,241
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 59,75759.8k $1.8m $1.8m 0.00% Added +1.2k +1,157
19 Chris Bulman Inc 0.81% of their portfolio ROSEVILLE, CA 59,59959.6k $1.8m $1.8m 0.81% Added +1.6k +1,578
20 BFI Wealth Solutions, LLC 1.72% of their portfolio DALLAS, TX 58,64958.6k $1.8m $1.8m 1.72% First filing
21 INVESTMENT MANAGEMENT CORP /VA/ /ADV 1.50% of their portfolio ROANOKE, VA 58,14758.1k $1.8m $1.8m 1.50% Reduced -1.4k -1,420
22 WPWealth LLP 0.27% of their portfolio FORT WORTH, TX 55,18055.2k $1.7m $1.7m 0.27% Reduced -1.8k -1,771
23 BCS Wealth Management 0.16% of their portfolio JOHNSON CITY, TN 52,22652.2k $1.6m $1.6m 0.16% Added +26.1k +26,068
24 Signal Advisors Wealth, LLC 0.12% of their portfolio DETROIT, MI 50,90550.9k $1.6m $1.6m 0.12% New
25 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 48,94348.9k $1.5m $1.5m 0.01% Reduced -401 -401
26 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 47,72347.7k $1.5m $1.5m 0.02% Reduced -2.7k -2,743
27 Triad Wealth Partners, LLC 0.13% of their portfolio LAWRENCE, KS 44,10344.1k $1.4m $1.4m 0.13% Added +6.5k +6,532
28 Berger Financial Group, Inc 0.08% of their portfolio PLYMOUTH, MN 43,62643.6k $1.3m $1.3m 0.08% Reduced -8.1k -8,077
29 OLD MISSION CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 43,57743.6k $1.3m $1.3m 0.05% Added +36.9k +36,879
30 CORRADO ADVISORS, LLC 0.67% of their portfolio RAMSEY, NJ 43,54943.5k $1.3m $1.3m 0.67% Reduced -56.0k -56,025
31 FIDUCIARY FINANCIAL GROUP, LLC 0.17% of their portfolio SAN RAFAEL, CA 39,33139.3k $1.2m $1.2m 0.17% Unchanged
32 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 36,67536.7k $1.1m $1.1m 0.03% Reduced -3.6k -3,571
33 GILL CAPITAL PARTNERS, LLC 0.33% of their portfolio DENVER, CO 35,13635.1k $1.1m $1.1m 0.33% Reduced -1.7k -1,706
34 Opus Financial Solutions LLC 0.93% of their portfolio DOWNERS GROVE, IL 32,09332.1k $989.7k $989.7k 0.93% First filing
35 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 30,96631.0k $955.0k $955.0k 0.01% Reduced -4.8k -4,829
36 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 30,71630.7k $947.3k $947.3k 0.00% Reduced -25 -25
37 ODonnell Financial Services, LLC 0.30% of their portfolio SAN RAFAEL, CA 28,48228.5k $878.4k $878.4k 0.30% Unchanged
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,42628.4k $876.7k $876.7k 0.00% Unchanged
39 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 27,86627.9k $859.4k $859.4k 0.01% New
40 FOUNDERS FINANCIAL SECURITIES LLC 0.05% of their portfolio TOWSON, MD 27,07927.1k $835.1k $835.1k 0.05% Added +3.9k +3,879
41 Cardinal Point Capital Management ULC 0.05% of their portfolio TORONTO, A6 26,55026.6k $818.8k $818.8k 0.05% Unchanged
42 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 21,11421.1k $651.2k $651.2k 0.03% Unchanged
43 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,80020.8k $641.5k $641.5k 0.00% Reduced -14.0k -13,977
44 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 20,12020.1k $620.5k $620.5k 0.00% Added +2.6k +2,619
45 Wealthspire Retirement, LLC 0.04% of their portfolio ALISO VIEJO, CA 19,17919.2k $591.5k $591.5k 0.04% Reduced -690 -690
46 Avantax Planning Partners, Inc. 0.02% of their portfolio DUBUQUE, IA 19,05219.1k $587.6k $587.6k 0.02% Unchanged
47 SIGNATUREFD, LLC 0.01% of their portfolio ATLANTA, GA 18,20418.2k $561.4k $561.4k 0.01% Unchanged
48 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 18,03318.0k $556.1k $556.1k 0.01% Unchanged
49 WEALTH ALLIANCE, LLC 0.05% of their portfolio MELLVILLE, NY 17,29317.3k $533.3k $533.3k 0.05% Unchanged
50 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 16,82516.8k $518.9k $518.9k 0.03% Reduced -100 -100
51 DHJJ Financial Advisors, Ltd. 0.17% of their portfolio NAPERVILLE, IL 16,66316.7k $513.9k $513.9k 0.17% Reduced -625 -625
52 Compass Advisory Group LLC 0.13% of their portfolio MELVILLE, NY 16,01916.0k $494.0k $494.0k 0.13% Unchanged
53 Straight Path Wealth Management 0.12% of their portfolio Jenison, MI 14,92014.9k $460.1k $460.1k 0.12% Added +381 +381
54 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 14,68314.7k $452.8k $452.8k 0.00% Added +557 +557
55 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,39214.4k $444.0k $444.0k 0.00% Unchanged
56 Advus Financial Partners, LLC 0.11% of their portfolio WINTER PARK, FL 14,29814.3k $440.9k $440.9k 0.11% Reduced -1.4k -1,400
57 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 13,25913.3k $408.9k $408.9k 0.02% Unchanged
58 Forvis Mazars Wealth Advisors, LLC 0.01% of their portfolio Springfield, MO 12,77512.8k $394.0k $394.0k 0.01% Reduced -632 -632
59 WealthPlan Investment Management, LLC 0.02% of their portfolio OMAHA, NE 12,54112.5k $386.8k $386.8k 0.02% New
60 Rothschild Wealth LLC 0.04% of their portfolio OAK BROOK, IL 12,51412.5k $385.9k $385.9k 0.04% New
61 Financial Network Wealth Advisors LLC 0.40% of their portfolio MURRAY, UT 12,32112.3k $380.0k $380.0k 0.40% Unchanged
62 Diligent Investors, LLC 0.09% of their portfolio REDLANDS, CA 12,25812.3k $378.0k $378.0k 0.09% Unchanged
63 AMERICAN ASSET MANAGEMENT INC. 0.31% of their portfolio Boca Raton, FL 11,90011.9k $367.0k $367.0k 0.31% Unchanged
64 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 11,57111.6k $356.9k $356.9k 0.00% Added +232 +232
65 Beacon Financial Advisory LLC 0.08% of their portfolio CLEVELAND, OH 11,50611.5k $354.8k $354.8k 0.08% Unchanged
66 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 11,33011.3k $349.4k $349.4k 0.00% Unchanged
67 PFG Advisors 0.02% of their portfolio Phoenix, AZ 10,63810.6k $328.1k $328.1k 0.02% Reduced -1.4k -1,441
68 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 10,39310.4k $320.5k $320.5k 0.01% Reduced -3 -3
69 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 10,12510.1k $312.3k $312.3k 0.00% Reduced -200 -200
70 Lantz Financial LLC 0.07% of their portfolio NAPERVILLE, IL 10,00310.0k $308.5k $308.5k 0.07% Unchanged
71 Ballast Rock Private Wealth LLC 0.19% of their portfolio CHARLESTON, SC 9,98010.0k $307.8k $307.8k 0.19% First filing
72 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 9,8659.9k $304.2k $304.2k 0.01% Unchanged
73 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 9,5659.6k $295.0k $295.0k 0.00% Reduced -214 -214
74 WEBSTERROGERS FINANCIAL ADVISORS, LLC 0.08% of their portfolio FLORENCE, SC 9,1099.1k $280.9k $280.9k 0.08% Unchanged
75 WorthPointe, LLC 0.07% of their portfolio La Jolla, CA 9,1039.1k $280.7k $280.7k 0.07% Unchanged
76 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 8,6858.7k $267.8k $267.8k 0.00% Reduced -261 -261
77 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,4898.5k $262.0k $262.0k 0.00% Reduced -91 -91
78 CRA Financial Services, LLC 0.03% of their portfolio NORTHFIELD, NJ 8,1808.2k $252.3k $252.3k 0.03% Unchanged
79 TrustBank 0.10% of their portfolio OLNEY, IL 7,7217.7k $238.1k $238.1k 0.10% First filing
80 Navis Wealth Advisors, LLC 0.10% of their portfolio RYE BROOK, NY 7,6867.7k $237.0k $237.0k 0.10% Unchanged
81 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 7,3657.4k $227.1k $227.1k 0.01% Unchanged
82 Helium Advisors LLC 0.21% of their portfolio VANCOUVER, WA 6,5846.6k $203.1k $203.1k 0.21% Reduced -743 -743
83 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 6,5156.5k $200.9k $200.9k 0.02% New
84 Vantage Point Financial LLC 0.07% of their portfolio LISLE, IL 6,5036.5k $200.6k $200.6k 0.07% New
85 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 6,0726.1k $187.3k $187.3k 0.00% Reduced -4.1k -4,110
86 Global Wealth Strategies & Associates 0.03% of their portfolio DENVER, CO 3,3653.4k $103.8k $103.8k 0.03% Unchanged
87 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 2,7542.8k $84.9k $84.9k 0.01% Reduced -324 -324
88 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 2,6752.7k $82.5k $82.5k 0.00% Added +1.4k +1,418
89 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 900900 $28.0k $28.0k 0.00% Unchanged
90 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 732732 $22.6k $22.6k 0.00% Unchanged
91 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 500500 $15.4k $15.4k 0.00% Unchanged
92 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 409409 $12.6k $12.6k 0.00% Unchanged
93 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 341341 $10.5k $10.5k 0.00% New
94 UBS Group AG 0.00% of their portfolio ZURICH, V8 269269 $8.3k $8.3k 0.00% Reduced -730 -730
95 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 254254 $7.8k $7.8k 0.00% Reduced -2.7k -2,699
96 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 200200 $6.2k $6.2k 0.00% Unchanged
97 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 167167 $5.2k $5.2k 0.00% Unchanged
98 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 137137 $4.2k $4.2k 0.00% Reduced -33.3k -33,347
99 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 100100 $3.1k $3.1k 0.00% New
100 Prairie Wealth Advisors, Inc. 0.18% of their portfolio OMAHA, NE 00 $429.7k $429.7k 0.18% Reduced -13.9k -13,942