Vault-13

INNOVATOR ETFS TRUST BMAR

US EQTY BUFR MAR · ETP · CUSIP 45782C391

101 institutional holders +1 vs Q4 2025
2,301,5472.3m shares reported held*
$120.8mreported value*
13 new 32 added 23 reduced 11 sold out net bought ≈ $8.6m (+163.9k 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 ≈ $52.49.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 51Q4 22: 49Q1 23: 67Q2 23: 71Q3 23: 67Q4 23: 70Q1 24: 94Q2 24: 100Q3 24: 96Q4 24: 98Q1 25: 104Q2 25: 100Q3 25: 98Q4 25: 100Q1 26: 101101Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202251
Q4 202249
Q1 202367
Q2 202371
Q3 202367
Q4 202370
Q1 202494
Q2 2024100
Q3 202496
Q4 202498
Q1 2025104
Q2 2025100
Q3 202598
Q4 2025100
Q1 2026101

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 38 bought or addedQ2 24: 32 cut or sold outQ3 24: 16 bought or addedQ3 24: 51 cut or sold outQ3 24Q4 24: 14 bought or addedQ4 24: 48 cut or sold outQ1 25: 51 bought or addedQ1 25: 38 cut or sold outQ1 25Q2 25: 26 bought or addedQ2 25: 49 cut or sold outQ3 25: 18 bought or addedQ3 25: 46 cut or sold outQ3 25Q4 25: 14 bought or addedQ4 25: 60 cut or sold outQ1 26: 45 bought or addedQ1 26: 34 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243832
Q3 20241651
Q4 20241448
Q1 20255138
Q2 20252649
Q3 20251846
Q4 20251460
Q1 20264534

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP New +52,250+52.2k
Penserra Capital Management LLC Added +38,772+38.8k
LPL Financial LLC Added +37,869+37.9k
Kestra Advisory Services, LLC Added +36,392+36.4k
Cerity Partners LLC Added +13,928+13.9k
RAYMOND JAMES FINANCIAL INC Added +13,107+13.1k
Allie Family Office LLC New +9,550+9.6k
Lantz Financial LLC Added +7,483+7.5k
GWN SECURITIES INC. New +6,511+6.5k
Beacon Pointe Advisors, LLC Added +5,459+5.5k

Biggest sellers

MERCER GLOBAL ADVISORS INC /ADV Sold out -19,024-19.0k
OSAIC HOLDINGS, INC. Reduced -18,896-18.9k
JPMORGAN CHASE & CO Reduced -16,049-16.0k
BCS Wealth Management Reduced -12,169-12.2k
Castellan Group Sold out -7,728-7.7k
MML INVESTORS SERVICES, LLC Reduced -6,754-6.8k
Secure Asset Management, LLC Sold out -5,998-6.0k
GTS SECURITIES LLC Sold out -5,951-6.0k
Buska Wealth Management, LLC Sold out -4,693-4.7k
VISTA INVESTMENT MANAGEMENT Sold out -4,500-4.5k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Brookstone Capital Management (0.9%, 2026-09-02)

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Penserra Capital Management LLC 0.24% of their portfolio ORINDA, CA 387,801387.8k $20.4m $20.4m 0.24% Added +38.8k +38,772
2 MACROVIEW INVESTMENT MANAGEMENT LLC 5.07% of their portfolio BETHESDA, MD 138,452138.5k $7.3m $7.3m 5.07% Unchanged
3 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 119,853119.9k $6.3m $6.3m 0.01% Added +2.8k +2,803
4 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 102,528102.5k $5.4m $5.4m 0.01% Added +2.2k +2,183
5 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 90,24590.2k $4.7m $4.7m 0.01% Reduced -18.9k -18,896
6 Retirement Planning Group, LLC 0.14% of their portfolio LEAWOOD, KS 88,82188.8k $4.7m $4.7m 0.14% Reduced -423 -423
7 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 84,94284.9k $4.5m $4.5m 0.01% Added +13.9k +13,928
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 75,87075.9k $4.0m $4.0m 0.00% Added +13.1k +13,107
9 Valtinson Bruner Financial Planning LLC 1.08% of their portfolio NEW BRIGHTON, MN 74,86974.9k $3.9m $3.9m 1.08% Reduced -1.2k -1,232
10 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 67,04567.0k $3.5m $3.5m 0.01% Added +36.4k +36,392
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 66,28566.3k $3.5m $3.5m 0.00% Added +37.9k +37,869
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 52,25052.2k $2.7m $2.7m 0.00% New
13 My Personal CFO, LLC 1.02% of their portfolio VANCOUVER, WA 44,55844.6k $2.3m $2.3m 1.02% Reduced -3.7k -3,732
14 Main Street Financial Solutions, LLC 0.16% of their portfolio NEWTOWN, PA 40,68840.7k $2.1m $2.1m 0.16% Added +2.0k +1,955
15 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 40,26540.3k $2.1m $2.1m 0.00% Added +975 +975
16 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 38,28838.3k $2.0m $2.0m 0.01% Added +5.5k +5,459
17 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.28% of their portfolio BLUE BELL, PA 36,56736.6k $1.9m $1.9m 0.28% Added +1.3k +1,300
18 Lantz Financial LLC 0.38% of their portfolio NAPERVILLE, IL 35,15635.2k $1.8m $1.8m 0.38% Added +7.5k +7,483
19 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 32,82632.8k $1.7m $1.7m 0.00% Reduced -1.7k -1,731
20 Spire Wealth Management 0.06% of their portfolio MCLEAN, VA 32,32632.3k $1.7m $1.7m 0.06% Unchanged
21 Fragasso Financial Advisors Inc 0.10% of their portfolio SEWICKLEY, PA 30,58430.6k $1.6m $1.6m 0.10% Reduced -4.1k -4,056
22 INTEGRAL INVESTMENT ADVISORS, INC. 0.40% of their portfolio TURLOCK, CA 30,36530.4k $1.6m $1.6m 0.40% Unchanged
23 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 30,13830.1k $1.6m $1.6m 0.02% Added +2.0k +1,996
24 First Commonwealth Financial Corp /PA/ 0.24% of their portfolio Indiana, PA 28,92728.9k $1.5m $1.5m 0.24% Added +646 +646
25 Chris Bulman Inc 0.55% of their portfolio ROSEVILLE, CA 24,10424.1k $1.3m $1.3m 0.55% Added +3.7k +3,742
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 23,62823.6k $1.2m $1.2m 0.00% Added +1.8k +1,795
27 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 23,17623.2k $1.2m $1.2m 0.03% Reduced -3.9k -3,939
28 Weaver Consulting Group 0.27% of their portfolio HUNTINGTON BEACH, CA 21,66821.7k $1.1m $1.1m 0.27% Added +3.6k +3,609
29 BECK CAPITAL MANAGEMENT, LLC 0.26% of their portfolio AUSTIN, TX 21,36521.4k $1.1m $1.1m 0.26% Reduced -176 -176
30 FSA Advisors, Inc. 0.62% of their portfolio TROY, MI 17,85717.9k $937.3k $937.3k 0.62% Added +416 +416
31 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 16,96417.0k $890.0k $890.0k 0.00% Unchanged
32 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 16,50016.5k $866.1k $866.1k 0.00% Unchanged
33 DHJJ Financial Advisors, Ltd. 0.27% of their portfolio NAPERVILLE, IL 15,68115.7k $823.1k $823.1k 0.27% Added +968 +968
34 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 15,38315.4k $807.4k $807.4k 0.02% Reduced -714 -714
35 Ballast Rock Private Wealth LLC 0.43% of their portfolio CHARLESTON, SC 14,93214.9k $783.8k $783.8k 0.43% Added +1.2k +1,169
36 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 14,33614.3k $752.5k $752.5k 0.04% Added +1.2k +1,235
37 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 13,78613.8k $723.6k $723.6k 0.03% Added +330 +330
38 NOVEM GROUP 0.08% of their portfolio Rochester, NY 12,51812.5k $657.0k $657.0k 0.08% Unchanged
39 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 11,90811.9k $625.0k $625.0k 0.03% Reduced -745 -745
40 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 11,50711.5k $604.0k $604.0k 0.02% Reduced -126 -126
41 CORRADO ADVISORS, LLC 0.30% of their portfolio RAMSEY, NJ 11,12611.1k $584.0k $584.0k 0.30% Added +3.3k +3,266
42 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 10,92210.9k $573.3k $573.3k 0.01% Added +25 +25
43 Bellwether Advisors, LLC 0.10% of their portfolio LINCOLN, NE 10,70910.7k $562.1k $562.1k 0.10% Unchanged
44 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 9,8779.9k $518.4k $518.4k 0.01% Added +237 +237
45 Allie Family Office LLC 0.22% of their portfolio MIAMI, FL 9,5509.6k $500.9k $500.9k 0.22% New
46 BCS Wealth Management 0.10% of their portfolio JOHNSON CITY, TN 9,2099.2k $483.4k $483.4k 0.10% Reduced -12.2k -12,169
47 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,1329.1k $479.3k $479.3k 0.00% Reduced -6.8k -6,754
48 WPWealth LLP 0.07% of their portfolio FORT WORTH, TX 8,4668.5k $444.4k $444.4k 0.07% Added +1.7k +1,654
49 Summit Wealth Partners, LLC 0.07% of their portfolio Orlando, FL 8,3498.3k $438.2k $438.2k 0.07% Unchanged
50 TopTier Wealth Management, LLC 0.25% of their portfolio MUSKEGO, WI 7,8707.9k $413.1k $413.1k 0.25% Reduced -5 -5
51 Wood Tarver Financial Group, LLC 0.11% of their portfolio BOISE, ID 7,8237.8k $410.0k $410.0k 0.11% Unchanged
52 Orion Capital Management LLC 0.13% of their portfolio CORONADO, CA 7,4307.4k $390.0k $390.0k 0.13% Unchanged
53 COFG Advisors, LLC 0.10% of their portfolio OAK BROOK, IL 7,3607.4k $386.3k $386.3k 0.10% Added +381 +381
54 Outlook Wealth Advisors, LLC 0.09% of their portfolio SHENANDOAH, TX 7,0917.1k $372.2k $372.2k 0.09% Unchanged
55 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 7,0377.0k $369.4k $369.4k 0.01% Added +331 +331
56 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 6,7076.7k $352.0k $352.0k 0.00% Unchanged
57 GWN SECURITIES INC. 0.07% of their portfolio Palm Beach Gardens, FL 6,5116.5k $341.8k $341.8k 0.07% New
58 Continuum Advisory, LLC 0.03% of their portfolio EAGLE, ID 5,7765.8k $303.2k $303.2k 0.03% Unchanged
59 Diligent Investors, LLC 0.07% of their portfolio REDLANDS, CA 5,3655.4k $281.6k $281.6k 0.07% New
60 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 5,0925.1k $267.3k $267.3k 0.00% Added +1.2k +1,210
61 Gaddis Premier Wealth Advisors LLC 0.20% of their portfolio DURANT, OK 5,0755.1k $266.4k $266.4k 0.20% Unchanged
62 KFG WEALTH MANAGEMENT, LLC 0.03% of their portfolio GRANGER, IN 4,9995.0k $262.4k $262.4k 0.03% Added +112 +112
63 Beacon Financial Advisory LLC 0.06% of their portfolio CLEVELAND, OH 4,9505.0k $259.8k $259.8k 0.06% Reduced -142 -142
64 Keystone Wealth Services, LLC 0.05% of their portfolio PALM DESERT, CA 4,8574.9k $254.9k $254.9k 0.05% Unchanged
65 Blue Sky Capital Consultants Group, Inc. 0.12% of their portfolio Poway, CA 4,7514.8k $249.4k $249.4k 0.12% New
66 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 4,7504.8k $249.3k $249.3k 0.00% Unchanged
67 Stratos Wealth Advisors, LLC 0.01% of their portfolio BEACHWOOD, OH 4,6254.6k $242.8k $242.8k 0.01% Reduced -433 -433
68 Cypress Wealth Services, LLC 0.03% of their portfolio PALM DESERT, CA 4,4544.5k $233.8k $233.8k 0.03% New
69 Crown Wealth Group, LLC 0.07% of their portfolio Charlotte, NC 4,4004.4k $230.9k $230.9k 0.07% Unchanged
70 D.B. Root & Company, LLC 0.05% of their portfolio PITTSBURGH, PA 4,2944.3k $225.4k $225.4k 0.05% New
71 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 4,2584.3k $223.5k $223.5k 0.00% Reduced -68 -68
72 Fortitude Advisory Group L.L.C. 0.10% of their portfolio GIG HARBOR, WA 4,1924.2k $220.0k $220.0k 0.10% Unchanged
73 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 4,0504.0k $212.6k $212.6k 0.00% New
74 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 4,0364.0k $211.8k $211.8k 0.00% New
75 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 3,9313.9k $206.3k $206.3k 0.00% New
76 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 3,8243.8k $200.7k $200.7k 0.00% New
77 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,6513.7k $191.6k $191.6k 0.00% Unchanged
78 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 3,4123.4k $179.1k $179.1k 0.00% Added +1.5k +1,508
79 Integrity Financial Corp /WA 0.09% of their portfolio JACKSON, WY 3,3203.3k $174.3k $174.3k 0.09% Reduced -22 -22
80 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,0623.1k $160.7k $160.7k 0.00% Unchanged
81 IMG Wealth Management, Inc. 0.09% of their portfolio JACKSONVILLE, FL 2,5762.6k $135.2k $135.2k 0.09% Added +52 +52
82 Financial Network Wealth Advisors LLC 0.10% of their portfolio MURRAY, UT 1,9512.0k $102.4k $102.4k 0.10% Unchanged
83 WealthShield Partners, LLC 0.00% of their portfolio CARY, NC 808808 $42.4k $42.4k 0.00% Reduced -1.1k -1,118
84 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 641641 $33.6k $33.6k 0.00% Reduced -194 -194
85 Anfield Capital Management, LLC 0.01% of their portfolio IRVINE, CA 627627 $32.9k $32.9k 0.01% New
86 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 500500 $26.2k $26.2k 0.00% Unchanged
87 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 489489 $25.8k $25.8k 0.00% Reduced -161 -161
88 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 400400 $21.0k $21.0k 0.00% Unchanged
89 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 394394 $20.7k $20.7k 0.00% Unchanged
90 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 320320 $16.8k $16.8k 0.00% Unchanged
91 CHAPMAN FINANCIAL GROUP, LLC 0.01% of their portfolio KAILUA, HI 300300 $15.7k $15.7k 0.01% Unchanged
92 CNB Bank 0.01% of their portfolio CLEARFIELD, PA 232232 $12.2k $12.2k 0.01% Unchanged
93 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 212212 $11.1k $11.1k 0.00% Unchanged
94 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 198198 $10.4k $10.4k 0.00% Unchanged
95 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 187187 $9.8k $9.8k 0.00% New
96 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 180180 $9.4k $9.4k 0.00% Unchanged
97 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 150150 $7.9k $7.9k 0.00% Reduced -25 -25
98 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 9797 $5.1k $5.1k 0.00% Unchanged
99 CWM, LLC 0.00% of their portfolio OMAHA, NE 1818 $945 $945 0.00% Unchanged
100 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1010 $513 $513 0.00% Reduced -16.0k -16,049