Vault-13

INNOVATOR ETFS TRUST BFEB

US EQTY BUFR FEB · ETP · CUSIP 45782C433

88 institutional holders +3 vs Q3 2025
2,204,5002.2m shares reported held*
$107.3mreported value*
5 new 10 added 40 reduced 7 sold out net sold ≈ $35.1m (-720.8k 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 ≈ $48.67.

Trends to Q4 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: 85Q4 25: 8888Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202588

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 56 bought or addedQ1 24: 22 cut or sold outQ2 24: 16 bought or addedQ2 24: 42 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 43 cut or sold outQ4 24: 7 bought or addedQ4 24: 50 cut or sold outQ4 24Q1 25: 60 bought or addedQ1 25: 18 cut or sold outQ2 25: 32 bought or addedQ2 25: 38 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 42 cut or sold outQ4 25: 15 bought or addedQ4 25: 47 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245622
Q2 20241642
Q3 20241643
Q4 2024750
Q1 20256018
Q2 20253238
Q3 20251542
Q4 20251547

Biggest buyers

My Personal CFO, LLC New +68,315+68.3k
RAYMOND JAMES FINANCIAL INC Added +13,975+14.0k
BCS Wealth Management Added +12,744+12.7k
Arax Advisory Partners New +12,233+12.2k
UNITED CAPITAL FINANCIAL ADVISORS, LLC New +5,168+5.2k
MML INVESTORS SERVICES, LLC Added +3,729+3.7k
OPTIMA CAPITAL LLC New +500+500
Cambridge Investment Research Advisors, Inc. Added +325+325
Kestra Advisory Services, LLC Added +250+250
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Added +121+121

Biggest sellers

Brookstone Capital Management Reduced -546,767-546.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -57,585-57.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -37,074-37.1k
OLD MISSION CAPITAL LLC Reduced -30,334-30.3k
Arkadios Wealth Advisors Sold out -23,203-23.2k
JPMORGAN CHASE & CO Reduced -22,898-22.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -18,522-18.5k
OSAIC HOLDINGS, INC. Reduced -15,424-15.4k
Penserra Capital Management LLC Reduced -13,028-13.0k
SAGESPRING WEALTH PARTNERS, LLC Sold out -11,826-11.8k

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Penserra Capital Management LLC 0.22% of their portfolio ORINDA, CA 382,125382.1k $18.6m $18.6m 0.22% Reduced -13.0k -13,028
2 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 190,569190.6k $9.3m $9.3m 0.01% Reduced -15.4k -15,424
3 Berkshire Money Management, Inc. 0.66% of their portfolio DALTON, MA 141,361141.4k $6.9m $6.9m 0.66% Reduced -6 -6
4 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 75,70475.7k $3.7m $3.7m 0.00% Reduced -522 -522
5 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 70,68270.7k $3.4m $3.4m 0.00% Reduced -18.5k -18,522
6 My Personal CFO, LLC 1.39% of their portfolio VANCOUVER, WA 68,31568.3k $3.3m $3.3m 1.39% New
7 Bellwether Advisors, LLC 0.53% of their portfolio LINCOLN, NE 68,24168.2k $3.3m $3.3m 0.53% Unchanged
8 Brookstone Capital Management 0.04% of their portfolio WHEATON, IL 64,46464.5k $3.1m $3.1m 0.04% Reduced -546.8k -546,767
9 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 60,85160.9k $3.0m $3.0m 0.00% Reduced -6.4k -6,440
10 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 53,15753.2k $2.6m $2.6m 0.00% Reduced -1.6k -1,600
11 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 52,35852.4k $2.5m $2.5m 0.01% Added +3.7k +3,729
12 Valtinson Bruner Financial Planning LLC 0.67% of their portfolio NEW BRIGHTON, MN 47,59847.6k $2.3m $2.3m 0.67% Reduced -7.5k -7,523
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 46,89246.9k $2.3m $2.3m 0.00% Added +14.0k +13,975
14 TopTier Wealth Management, LLC 1.47% of their portfolio MUSKEGO, WI 44,59744.6k $2.2m $2.2m 1.47% First filing
15 Fragasso Financial Advisors Inc 0.12% of their portfolio SEWICKLEY, PA 41,80741.8k $2.0m $2.0m 0.12% Reduced -1.1k -1,139
16 PCA Investment Advisory Services Inc. 0.64% of their portfolio CINCINNATI, OH 37,41337.4k $1.8m $1.8m 0.64% Unchanged
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 35,86935.9k $1.7m $1.7m 0.00% Reduced -57.6k -57,585
18 FSA Advisors, Inc. 1.17% of their portfolio TROY, MI 34,65934.7k $1.7m $1.7m 1.17% Reduced -149 -149
19 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.24% of their portfolio BLUE BELL, PA 33,66333.7k $1.6m $1.6m 0.24% Reduced -3.5k -3,514
20 INTEGRAL INVESTMENT ADVISORS, INC. 0.40% of their portfolio TURLOCK, CA 33,08733.1k $1.6m $1.6m 0.40% Reduced -75 -75
21 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 32,38832.4k $1.6m $1.6m 0.01% Added +7 +7
22 DHJJ Financial Advisors, Ltd. 0.52% of their portfolio NAPERVILLE, IL 32,30332.3k $1.6m $1.6m 0.52% Reduced -825 -825
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 30,60330.6k $1.5m $1.5m 0.00% Reduced -609 -609
24 BCS Wealth Management 0.13% of their portfolio JOHNSON CITY, TN 27,39827.4k $1.3m $1.3m 0.13% Added +12.7k +12,744
25 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 27,28027.3k $1.3m $1.3m 0.01% Added +250 +250
26 Chris Bulman Inc 0.46% of their portfolio ROSEVILLE, CA 21,36721.4k $1.0m $1.0m 0.46% Reduced -6.1k -6,101
27 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 18,62118.6k $906.2k $906.2k 0.00% Unchanged
28 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 17,96218.0k $874.0k $874.0k 0.00% Added +325 +325
29 Lantz Financial LLC 0.17% of their portfolio NAPERVILLE, IL 16,24816.2k $790.7k $790.7k 0.17% Reduced -120 -120
30 Weaver Consulting Group 0.19% of their portfolio HUNTINGTON BEACH, CA 15,55315.6k $756.9k $756.9k 0.19% Unchanged
31 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 15,33015.3k $746.0k $746.0k 0.04% Reduced -2.8k -2,792
32 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 14,65414.7k $713.2k $713.2k 0.02% Reduced -2 -2
33 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,23114.2k $693.0k $693.0k 0.00% Reduced -1.6k -1,598
34 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 13,58013.6k $660.9k $660.9k 0.03% Reduced -30.3k -30,334
35 Three Seasons Wealth, LLC 0.06% of their portfolio SALT LAKE CITY, UT 13,51513.5k $657.7k $657.7k 0.06% Unchanged
36 First Commonwealth Financial Corp /PA/ 0.11% of their portfolio Indiana, PA 13,47113.5k $655.6k $655.6k 0.11% Unchanged
37 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 13,31113.3k $647.8k $647.8k 0.01% Reduced -623 -623
38 Outlook Wealth Advisors, LLC 0.15% of their portfolio SHENANDOAH, TX 13,20013.2k $642.4k $642.4k 0.15% Reduced -246 -246
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,51012.5k $608.8k $608.8k 0.00% Reduced -22.9k -22,898
40 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 12,34612.3k $600.8k $600.8k 0.00% Unchanged
41 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 12,23312.2k $595.3k $595.3k 0.02% New
42 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 11,23411.2k $546.7k $546.7k 0.03% Unchanged
43 COFG Advisors, LLC 0.13% of their portfolio OAK BROOK, IL 11,04711.0k $537.6k $537.6k 0.13% First filing
44 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 10,99411.0k $535.0k $535.0k 0.01% Reduced -526 -526
45 Ballast Rock Private Wealth LLC 0.31% of their portfolio CHARLESTON, SC 10,07910.1k $490.5k $490.5k 0.31% First filing
46 CRA Financial Services, LLC 0.06% of their portfolio NORTHFIELD, NJ 9,5939.6k $466.8k $466.8k 0.06% Reduced -1.1k -1,150
47 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 9,4599.5k $460.3k $460.3k 0.00% Reduced -100 -100
48 Visionary Wealth Advisors 0.02% of their portfolio O'FALLON, IL 8,8548.9k $430.9k $430.9k 0.02% Reduced -103 -103
49 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 8,6338.6k $420.1k $420.1k 0.01% Reduced -17 -17
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,6258.6k $419.7k $419.7k 0.00% Reduced -37.1k -37,074
51 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,0918.1k $393.7k $393.7k 0.01% Added +9 +9
52 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 8,0808.1k $393.2k $393.2k 0.01% Reduced -225 -225
53 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 7,7637.8k $372.9k $372.9k 0.01% Reduced -2 -2
54 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 7,5357.5k $366.7k $366.7k 0.01% Unchanged
55 CENTRAL VALLEY ADVISORS, LLC 0.11% of their portfolio SACRAMENTO, CA 7,3417.3k $357.2k $357.2k 0.11% Unchanged
56 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 7,1037.1k $345.7k $345.7k 0.01% Reduced -198 -198
57 Keystone Wealth Services, LLC 0.07% of their portfolio PALM DESERT, CA 6,9006.9k $335.8k $335.8k 0.07% Unchanged
58 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.02% of their portfolio CEDAR RAPIDS, IA 6,7926.8k $330.5k $330.5k 0.02% Added +121 +121
59 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 6,7176.7k $326.9k $326.9k 0.01% Unchanged
60 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 6,4176.4k $316.0k $316.0k 0.01% Unchanged
61 Accurate Wealth Management, LLC 0.04% of their portfolio WESLEY CHAPEL, FL 6,3976.4k $314.8k $314.8k 0.04% Unchanged
62 Bluesphere Advisors LLC 0.13% of their portfolio EAST NORRITON, PA 6,2006.2k $301.7k $301.7k 0.13% Unchanged
63 Fortune Financial Group, Inc. 0.29% of their portfolio NAPLES, FL 5,9005.9k $295.0k $295.0k 0.29% First filing
64 Orion Capital Management LLC 0.09% of their portfolio CORONADO, CA 5,5005.5k $267.7k $267.7k 0.09% Reduced -700 -700
65 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 5,1685.2k $251.5k $251.5k 0.00% New
66 Vantage Financial Partners, LLC 0.05% of their portfolio ELM GROVE, WI 4,5974.6k $223.7k $223.7k 0.05% Reduced -491 -491
67 Global Assets Advisory, LLC 0.06% of their portfolio ORLANDO, FL 4,5284.5k $220.4k $220.4k 0.06% Unchanged
68 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 4,4974.5k $218.8k $218.8k 0.00% Unchanged
69 Archer Investment Corp 0.04% of their portfolio Carmel, IN 4,0004.0k $194.7k $194.7k 0.04% Unchanged
70 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 3,5373.5k $172.1k $172.1k 0.01% Unchanged
71 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,5023.5k $170.4k $170.4k 0.00% Unchanged
72 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 2,9503.0k $143.6k $143.6k 0.01% Unchanged
73 Financial Network Wealth Advisors LLC 0.14% of their portfolio MURRAY, UT 2,8122.8k $136.8k $136.8k 0.14% Unchanged
74 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,3512.4k $114.4k $114.4k 0.00% Unchanged
75 AlphaCore Capital LLC 0.00% of their portfolio LA JOLLA, CA 2,0002.0k $97.3k $97.3k 0.00% Reduced -1.0k -1,000
76 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 1,6001.6k $77.9k $77.9k 0.01% Unchanged
77 Global Trust Asset Management, LLC 0.03% of their portfolio PALM BEACH GARDENS, FL 1,5001.5k $73.0k $73.0k 0.03% Reduced -2.0k -2,000
78 Integrity Financial Corp /WA 0.03% of their portfolio JACKSON, WY 1,1341.1k $55.2k $55.2k 0.03% Unchanged
79 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1151.1k $54.3k $54.3k 0.00% Added +1 +1
80 ORG Partners LLC 0.01% of their portfolio ROANOKE, IN 600600 $29.2k $29.2k 0.01% Unchanged
81 Nalls Sherbakoff Group, LLC 0.02% of their portfolio KNOXVILLE, TN 530530 $25.8k $25.8k 0.02% Unchanged
82 OPTIMA CAPITAL LLC 0.01% of their portfolio PORTLAND, OR 500500 $24.3k $24.3k 0.01% New
83 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 247247 $12.0k $12.0k 0.00% Reduced -1.4k -1,443
84 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 226226 $11.0k $11.0k 0.00% Unchanged
85 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 162162 $7.9k $7.9k 0.00% Reduced -1 -1
86 UBS Group AG 0.00% of their portfolio ZURICH, V8 9797 $4.7k $4.7k 0.00% Added +78 +78
87 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 6161 $3.0k $3.0k 0.00% First filing
88 Jessup Wealth Management, Inc 0.00% of their portfolio DAYTON, OH 1616 $791 $791 0.00% New