Vault-13

INNOVATOR ETFS TRUST BFEB

US EQTY BUFR FEB · ETP · CUSIP 45782C433

85 institutional holders -8 vs Q2 2025
2,853,5922.9m shares reported held*
$134.7mreported value*
3 new 12 added 34 reduced 8 sold out net sold ≈ $89.8m (-1.9m 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 ≈ $47.20.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 52Q4 22: 50Q1 23: 79Q2 23: 76Q3 23: 74Q4 23: 76Q1 24: 86Q2 24: 87Q3 24: 85Q4 24: 78Q1 25: 91Q2 25: 93Q3 25: 8585Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202252
Q4 202250
Q1 202379
Q2 202376
Q3 202374
Q4 202376
Q1 202486
Q2 202487
Q3 202485
Q4 202478
Q1 202591
Q2 202593
Q3 202585

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 14 bought or addedQ4 23: 37 cut or sold outQ1 24: 56 bought or addedQ1 24: 22 cut or sold outQ1 24Q2 24: 16 bought or addedQ2 24: 42 cut or sold outQ3 24: 16 bought or addedQ3 24: 43 cut or sold outQ3 24Q4 24: 7 bought or addedQ4 24: 50 cut or sold outQ1 25: 60 bought or addedQ1 25: 18 cut or sold outQ1 25Q2 25: 32 bought or addedQ2 25: 38 cut or sold outQ3 25: 15 bought or addedQ3 25: 42 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231437
Q1 20245622
Q2 20241642
Q3 20241643
Q4 2024750
Q1 20256018
Q2 20253238
Q3 20251542

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP New +45,699+45.7k
OLD MISSION CAPITAL LLC Added +37,518+37.5k
JPMORGAN CHASE & CO Added +31,693+31.7k
Brookstone Capital Management Added +14,037+14.0k
LPL Financial LLC Added +6,230+6.2k
Penserra Capital Management LLC Added +4,722+4.7k
Global Assets Advisory, LLC New +4,528+4.5k
INTEGRAL INVESTMENT ADVISORS, INC. Added +2,175+2.2k
Cerity Partners LLC Added +1,973+2.0k
CITADEL ADVISORS LLC Added +1,563+1.6k

Biggest sellers

Stuart Chaussee & Associates, Inc. Sold out -1,560,824-1.6m
Berkshire Money Management, Inc. Reduced -227,556-227.6k
My Personal CFO, LLC Sold out -76,315-76.3k
RAYMOND JAMES FINANCIAL INC Reduced -41,678-41.7k
WealthPlan Investment Management, LLC Sold out -29,140-29.1k
Beacon Pointe Advisors, LLC Reduced -16,195-16.2k
Kestra Advisory Services, LLC Reduced -13,724-13.7k
OSAIC HOLDINGS, INC. Reduced -13,560-13.6k
Arax Advisory Partners Sold out -12,575-12.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -12,538-12.5k

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 (2.0%, 2026-10-02)

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookstone Capital Management 0.34% of their portfolio WHEATON, IL 611,231611.2k $28.9m $28.9m 0.34% Added +14.0k +14,037
2 Penserra Capital Management LLC 0.22% of their portfolio ORINDA, CA 395,153395.2k $18.7m $18.7m 0.22% Added +4.7k +4,722
3 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 205,993206.0k $9.6m $9.6m 0.01% Reduced -13.6k -13,560
4 Berkshire Money Management, Inc. 0.69% of their portfolio DALTON, MA 141,367141.4k $6.7m $6.7m 0.69% Reduced -227.6k -227,556
5 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 93,45493.5k $4.4m $4.4m 0.00% Reduced -3.0k -3,011
6 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 89,20489.2k $4.2m $4.2m 0.01% Reduced -12.5k -12,538
7 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 76,22676.2k $3.6m $3.6m 0.00% Reduced -190 -190
8 Bellwether Advisors, LLC 0.53% of their portfolio LINCOLN, NE 68,24168.2k $3.2m $3.2m 0.53% Unchanged
9 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 67,29167.3k $3.2m $3.2m 0.00% Reduced -1.5k -1,505
10 Valtinson Bruner Financial Planning LLC 0.77% of their portfolio NEW BRIGHTON, MN 55,12155.1k $2.6m $2.6m 0.77% Reduced -56 -56
11 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 54,75754.8k $2.6m $2.6m 0.00% Added +2.0k +1,973
12 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 48,62948.6k $2.3m $2.3m 0.01% Reduced -9.4k -9,413
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 45,69945.7k $2.2m $2.2m 0.00% New
14 OLD MISSION CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 43,91443.9k $2.1m $2.1m 0.07% Added +37.5k +37,518
15 Fragasso Financial Advisors Inc 0.13% of their portfolio SEWICKLEY, PA 42,94642.9k $2.0m $2.0m 0.13% Reduced -560 -560
16 PCA Investment Advisory Services Inc. 0.65% of their portfolio CINCINNATI, OH 37,41337.4k $1.8m $1.8m 0.65% Unchanged
17 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.27% of their portfolio BLUE BELL, PA 37,17737.2k $1.8m $1.8m 0.27% Reduced -1.3k -1,266
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 35,40835.4k $1.7m $1.7m 0.00% Added +31.7k +31,693
19 FSA Advisors, Inc. 1.30% of their portfolio TROY, MI 34,80834.8k $1.6m $1.6m 1.30% Reduced -775 -775
20 INTEGRAL INVESTMENT ADVISORS, INC. 0.42% of their portfolio TURLOCK, CA 33,16233.2k $1.6m $1.6m 0.42% Added +2.2k +2,175
21 DHJJ Financial Advisors, Ltd. 0.53% of their portfolio NAPERVILLE, IL 33,12833.1k $1.6m $1.6m 0.53% Reduced -266 -266
22 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 32,91732.9k $1.6m $1.6m 0.00% Reduced -41.7k -41,678
23 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 32,38132.4k $1.5m $1.5m 0.01% Reduced -16.2k -16,195
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,21231.2k $1.5m $1.5m 0.00% Added +6.2k +6,230
25 Chris Bulman Inc 0.65% of their portfolio ROSEVILLE, CA 27,46827.5k $1.3m $1.3m 0.65% Reduced -510 -510
26 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 27,03027.0k $1.3m $1.3m 0.01% Reduced -13.7k -13,724
27 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 23,20323.2k $1.1m $1.1m 0.03% Added +1.5k +1,548
28 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 18,62118.6k $879.8k $879.8k 0.00% Unchanged
29 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 18,12218.1k $856.3k $856.3k 0.04% Reduced -135 -135
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 17,63717.6k $833.0k $833.0k 0.00% Reduced -7.1k -7,106
31 Lantz Financial LLC 0.17% of their portfolio NAPERVILLE, IL 16,36816.4k $773.4k $773.4k 0.17% Reduced -80 -80
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 15,82915.8k $748.0k $748.0k 0.00% Reduced -1.8k -1,808
33 Weaver Consulting Group 0.19% of their portfolio HUNTINGTON BEACH, CA 15,55315.6k $734.9k $734.9k 0.19% Unchanged
34 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 14,65614.7k $692.5k $692.5k 0.02% Reduced -119 -119
35 BCS Wealth Management 0.16% of their portfolio JOHNSON CITY, TN 14,65414.7k $692.4k $692.4k 0.16% Reduced -3.0k -2,996
36 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 13,93413.9k $658.4k $658.4k 0.01% Reduced -422 -422
37 Three Seasons Wealth, LLC 0.06% of their portfolio SALT LAKE CITY, UT 13,51513.5k $638.6k $638.6k 0.06% Unchanged
38 First Commonwealth Financial Corp /PA/ 0.11% of their portfolio Indiana, PA 13,47113.5k $636.5k $636.5k 0.11% Unchanged
39 Outlook Wealth Advisors, LLC 0.16% of their portfolio SHENANDOAH, TX 13,44613.4k $635.3k $635.3k 0.16% Unchanged
40 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 12,34612.3k $583.3k $583.3k 0.00% Reduced -532 -532
41 SAGESPRING WEALTH PARTNERS, LLC 0.01% of their portfolio FRANKLIN, TN 11,82611.8k $558.8k $558.8k 0.01% Unchanged
42 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 11,52011.5k $544.3k $544.3k 0.01% Unchanged
43 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 11,23411.2k $530.8k $530.8k 0.03% Unchanged
44 CRA Financial Services, LLC 0.07% of their portfolio NORTHFIELD, NJ 10,74310.7k $507.6k $507.6k 0.07% Unchanged
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 9,96410.0k $470.8k $470.8k 0.00% Added +1.6k +1,563
46 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 9,5599.6k $451.7k $451.7k 0.00% Unchanged
47 Visionary Wealth Advisors 0.02% of their portfolio O'FALLON, IL 8,9579.0k $423.2k $423.2k 0.02% Added +3 +3
48 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 8,6508.7k $408.7k $408.7k 0.01% Unchanged
49 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 8,3058.3k $392.4k $392.4k 0.01% Reduced -850 -850
50 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,0828.1k $381.9k $381.9k 0.01% Reduced -374 -374
51 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 7,7657.8k $366.9k $366.9k 0.01% Added +19 +19
52 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 7,5357.5k $356.0k $356.0k 0.01% Unchanged
53 CENTRAL VALLEY ADVISORS, LLC 0.11% of their portfolio SACRAMENTO, CA 7,3417.3k $346.9k $346.9k 0.11% Unchanged
54 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 7,3017.3k $345.0k $345.0k 0.01% Reduced -297 -297
55 Keystone Wealth Services, LLC 0.07% of their portfolio PALM DESERT, CA 6,9006.9k $326.0k $326.0k 0.07% Unchanged
56 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 6,7176.7k $317.4k $317.4k 0.01% Reduced -4 -4
57 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.02% of their portfolio CEDAR RAPIDS, IA 6,6716.7k $315.2k $315.2k 0.02% Reduced -490 -490
58 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 6,4176.4k $307.8k $307.8k 0.01% Unchanged
59 Accurate Wealth Management, LLC 0.04% of their portfolio WESLEY CHAPEL, FL 6,3976.4k $300.9k $300.9k 0.04% Unchanged
60 Bluesphere Advisors LLC 0.13% of their portfolio EAST NORRITON, PA 6,2006.2k $292.9k $292.9k 0.13% Unchanged
61 Orion Capital Management LLC 0.10% of their portfolio CORONADO, CA 6,2006.2k $292.9k $292.9k 0.10% Unchanged
62 Pinnacle Wealth Management Group, Inc. 0.13% of their portfolio PLYMOUTH, MI 5,3005.3k $250.4k $250.4k 0.13% Unchanged
63 Vantage Financial Partners, LLC 0.05% of their portfolio ELM GROVE, WI 5,0885.1k $240.4k $240.4k 0.05% Reduced -9 -9
64 Global Assets Advisory, LLC 0.06% of their portfolio ORLANDO, FL 4,5284.5k $213.9k $213.9k 0.06% New
65 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 4,4974.5k $212.5k $212.5k 0.00% Unchanged
66 Archer Investment Corp 0.04% of their portfolio Carmel, IN 4,0004.0k $189.0k $189.0k 0.04% Unchanged
67 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 3,5373.5k $167.1k $167.1k 0.01% Unchanged
68 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,5023.5k $165.5k $165.5k 0.00% Unchanged
69 Global Trust Asset Management, LLC 0.07% of their portfolio PALM BEACH GARDENS, FL 3,5003.5k $165.4k $165.4k 0.07% Unchanged
70 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 3,0003.0k $141.8k $141.8k 0.00% Unchanged
71 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 2,9503.0k $139.4k $139.4k 0.01% Unchanged
72 Financial Network Wealth Advisors LLC 0.15% of their portfolio MURRAY, UT 2,8122.8k $132.9k $132.9k 0.15% Unchanged
73 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,3512.4k $111.1k $111.1k 0.00% Reduced -231 -231
74 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 2,3082.3k $109.0k $109.0k 0.00% Unchanged
75 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,7241.7k $81.5k $81.5k 0.00% Unchanged
76 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,6901.7k $79.9k $79.9k 0.00% Reduced -1.6k -1,641
77 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 1,6001.6k $75.6k $75.6k 0.01% Unchanged
78 Integrity Financial Corp /WA 0.03% of their portfolio JACKSON, WY 1,1341.1k $53.6k $53.6k 0.03% Unchanged
79 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1141.1k $52.6k $52.6k 0.00% Added +5 +5
80 ORG Partners LLC 0.01% of their portfolio ROANOKE, IN 600600 $28.4k $28.4k 0.01% Unchanged
81 Nalls Sherbakoff Group, LLC 0.02% of their portfolio KNOXVILLE, TN 530530 $25.0k $25.0k 0.02% Unchanged
82 JDM Financial Group LLC 0.01% of their portfolio AUSTIN, TX 450450 $21.3k $21.3k 0.01% Unchanged
83 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 226226 $10.7k $10.7k 0.00% Reduced -249 -249
84 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 163163 $7.7k $7.7k 0.00% Reduced -2 -2
85 UBS Group AG 0.00% of their portfolio ZURICH, V8 1919 $898 $898 0.00% New