Vault-13

INNOVATOR ETFS TRUST PDEC

US EQTY PWR BUF · ETP · CUSIP 45782C540

231 institutional holders +25 vs Q3 2025
18,891,66918.9m shares reported held*
$820.0mreported value*
25 new 85 added 60 reduced 18 sold out net sold ≈ $57.5m (-1.3m 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 ($634.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.40.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 86Q4 22: 140Q1 23: 150Q2 23: 150Q3 23: 140Q4 23: 171Q1 24: 172Q2 24: 174Q3 24: 165Q4 24: 207Q1 25: 210Q2 25: 216Q3 25: 206Q4 25: 231231Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202286
Q4 2022140
Q1 2023150
Q2 2023150
Q3 2023140
Q4 2023171
Q1 2024172
Q2 2024174
Q3 2024165
Q4 2024207
Q1 2025210
Q2 2025216
Q3 2025206
Q4 2025231

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 45 bought or addedQ1 24: 81 cut or sold outQ2 24: 39 bought or addedQ2 24: 86 cut or sold outQ2 24Q3 24: 28 bought or addedQ3 24: 102 cut or sold outQ4 24: 114 bought or addedQ4 24: 54 cut or sold outQ4 24Q1 25: 86 bought or addedQ1 25: 89 cut or sold outQ2 25: 74 bought or addedQ2 25: 88 cut or sold outQ2 25Q3 25: 42 bought or addedQ3 25: 111 cut or sold outQ4 25: 110 bought or addedQ4 25: 78 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244581
Q2 20243986
Q3 202428102
Q4 202411454
Q1 20258689
Q2 20257488
Q3 202542111
Q4 202511078

Biggest buyers

Focus Partners Wealth Added +1,088,115+1.1m
Brookstone Capital Management Added +676,677+676.7k
Caprock Group, LLC New +259,763+259.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +130,538+130.5k
Catalina Capital Group, LLC New +117,640+117.6k
LPL Financial LLC Added +93,140+93.1k
COMMONWEALTH EQUITY SERVICES, LLC Added +70,857+70.9k
RAYMOND JAMES FINANCIAL INC Added +59,900+59.9k
Cetera Investment Advisers Added +56,276+56.3k
BCS Wealth Management Added +55,788+55.8k

Biggest sellers

ALLIANCEBERNSTEIN L.P. Reduced -1,164,679-1.2m
NorthCoast Asset Management LLC Sold out -1,071,452-1.1m
OLD MISSION CAPITAL LLC Sold out -632,032-632.0k
OSAIC HOLDINGS, INC. Reduced -488,090-488.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -362,753-362.8k
SageView Advisory Group, LLC Reduced -181,086-181.1k
Foundations Investment Advisors, LLC Reduced -161,551-161.6k
Crown Wealth Group, LLC Reduced -47,270-47.3k
Penserra Capital Management LLC Reduced -40,269-40.3k
Capital Analysts, LLC Reduced -40,121-40.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 3,273,6543.3m $142.0m $142.0m 0.04% Reduced -1.2m -1,164,679
2 Penserra Capital Management LLC 0.75% of their portfolio ORINDA, CA 1,450,0621.5m $62.9m $62.9m 0.75% Reduced -40.3k -40,269
3 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,112,7711.1m $48.3m $48.3m 0.06% Added +1.1m +1,088,115
4 Brookstone Capital Management 0.42% of their portfolio WHEATON, IL 840,921840.9k $36.5m $36.5m 0.42% Added +676.7k +676,677
5 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 786,638786.6k $34.1m $34.1m 0.05% Reduced -488.1k -488,090
6 BLAIR WILLIAM & CO/IL 0.09% of their portfolio CHICAGO, IL 755,492755.5k $32.8m $32.8m 0.09% Added +10.9k +10,935
7 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 661,697661.7k $28.7m $28.7m 0.04% Added +70.9k +70,857
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 628,763628.8k $27.3m $27.3m 0.01% Added +93.1k +93,140
9 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 520,988521.0k $22.6m $22.6m 0.02% Added +18.4k +18,365
10 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 348,330348.3k $15.1m $15.1m 0.02% Added +56.3k +56,276
11 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 264,368264.4k $11.5m $11.5m 0.05% Added +27.9k +27,867
12 Soltis Investment Advisors LLC 0.76% of their portfolio ST. GEORGE, UT 264,142264.1k $11.5m $11.5m 0.76% Added +12.4k +12,362
13 Caprock Group, LLC 0.24% of their portfolio BOISE, ID 259,763259.8k $11.3m $11.3m 0.24% New
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 258,350258.4k $11.2m $11.2m 0.00% Added +59.9k +59,900
15 Bellwether Advisors, LLC 1.72% of their portfolio LINCOLN, NE 248,755248.8k $10.8m $10.8m 1.72% Added +49.7k +49,730
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 229,687229.7k $10.0m $10.0m 0.00% Reduced -33.3k -33,263
17 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 211,271211.3k $9.5m $9.5m 0.04% Reduced -80 -80
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 202,000202.0k $8.8m $8.8m 0.01% Added +130.5k +130,538
19 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 176,952177.0k $7.7m $7.7m 0.05% Added +16.5k +16,538
20 Belpointe Asset Management LLC 0.24% of their portfolio RENO, NV 154,903154.9k $6.7m $6.7m 0.24% Added +15.1k +15,098
21 Global Strategic Investment Solutions, LLC 0.65% of their portfolio Scottsdale, AZ 153,303153.3k $6.7m $6.7m 0.65% Reduced -7.8k -7,835
22 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 153,094153.1k $6.6m $6.6m 0.01% Added +4.1k +4,147
23 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 140,124140.1k $6.1m $6.1m 0.01% Added +55.6k +55,582
24 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 137,174137.2k $6.0m $6.0m 0.02% Reduced -31.8k -31,756
25 CRA Financial Services, LLC 0.77% of their portfolio NORTHFIELD, NJ 135,214135.2k $5.9m $5.9m 0.77% Reduced -28.4k -28,409
26 CoreCap Advisors, LLC 0.20% of their portfolio SOUTHFIELD, MI 131,734131.7k $5.7m $5.7m 0.20% Added +22.5k +22,495
27 MBL Wealth, LLC 0.45% of their portfolio CHARLOTTE, NC 130,205130.2k $5.6m $5.6m 0.45% Added +9.7k +9,732
28 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 124,609124.6k $5.4m $5.4m 0.01% Added +24.5k +24,519
29 Mariner, LLC 0.01% of their portfolio Overland Park, KS 123,009123.0k $5.3m $5.3m 0.01% Reduced -32.1k -32,103
30 Catalina Capital Group, LLC 3.13% of their portfolio Torrance, CA 117,640117.6k $5.1m $5.1m 3.13% New
31 GILL CAPITAL PARTNERS, LLC 1.53% of their portfolio DENVER, CO 116,124116.1k $5.0m $5.0m 1.53% Added +8.4k +8,369
32 Outlook Wealth Advisors, LLC 1.09% of their portfolio SHENANDOAH, TX 110,881110.9k $4.8m $4.8m 1.09% Added +368 +368
33 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 107,551107.6k $4.7m $4.7m 0.05% Reduced -36.2k -36,186
34 First Commonwealth Financial Corp /PA/ 0.76% of their portfolio Indiana, PA 106,359106.4k $4.6m $4.6m 0.76% Added +13.2k +13,169
35 BCS Wealth Management 0.46% of their portfolio JOHNSON CITY, TN 105,022105.0k $4.6m $4.6m 0.46% Added +55.8k +55,788
36 Trek Financial, LLC 0.23% of their portfolio Scottsdale, AZ 93,00793.0k $4.0m $4.0m 0.23% Reduced -7.0k -7,040
37 Capital Analysts, LLC 0.10% of their portfolio FORT WASHINGTON, PA 84,93784.9k $3.7m $3.7m 0.10% Reduced -40.1k -40,121
38 OneDigital Investment Advisors LLC 0.04% of their portfolio OVERLAND PARK, KS 84,35584.4k $3.7m $3.7m 0.04% Added +3.0k +3,001
39 Castle Rock Wealth Management, LLC 0.79% of their portfolio WALNUT CREEK, CA 83,89883.9k $3.7m $3.7m 0.79% Reduced -3.1k -3,075
40 Keating Financial Advisory Services, Inc. 0.47% of their portfolio MANHATTAN, KS 80,67880.7k $3.5m $3.5m 0.47% First filing
41 CORRADO ADVISORS, LLC 1.72% of their portfolio RAMSEY, NJ 79,07579.1k $3.4m $3.4m 1.72% Added +7.8k +7,792
42 KFG WEALTH MANAGEMENT, LLC 0.46% of their portfolio GRANGER, IN 78,72278.7k $3.4m $3.4m 0.46% Reduced -18.9k -18,856
43 Cassady Wealth & Retirement Planning, LLC 2.21% of their portfolio HENDERSON, NV 77,97278.0k $3.4m $3.4m 2.21% First filing
44 INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio SAN DIEGO, CA 76,35776.4k $3.3m $3.3m 0.07% Added +6.3k +6,273
45 YARGER WEALTH STRATEGIES, LLC 1.38% of their portfolio WESTERVILLE, OH 74,23074.2k $3.2m $3.2m 1.38% Reduced -726 -726
46 Compass Advisory Group LLC 0.85% of their portfolio MELVILLE, NY 72,67472.7k $3.2m $3.2m 0.85% Added +4.2k +4,160
47 Pinnacle Wealth Management Group, Inc. 1.57% of their portfolio PLYMOUTH, MI 72,25572.3k $3.1m $3.1m 1.57% Added +5.0k +5,015
48 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 69,83369.8k $3.0m $3.0m 0.02% Added +1.2k +1,183
49 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 68,92768.9k $3.0m $3.0m 0.02% Added +24.5k +24,472
50 Weaver Capital Management LLC 0.63% of their portfolio SUWANEE, GA 68,66768.7k $3.0m $3.0m 0.63% Reduced -10.0k -9,967
51 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 66,26966.3k $2.9m $2.9m 0.00% Added +1.8k +1,751
52 Diligent Investors, LLC 0.70% of their portfolio REDLANDS, CA 66,05666.1k $2.9m $2.9m 0.70% Added +3.1k +3,128
53 AlphaCore Capital LLC 0.06% of their portfolio LA JOLLA, CA 65,80065.8k $2.9m $2.9m 0.06% Unchanged
54 Forvis Mazars Wealth Advisors, LLC 0.05% of their portfolio Springfield, MO 64,86464.9k $2.8m $2.8m 0.05% Reduced -4.3k -4,292
55 Jacobi Capital Management LLC 0.16% of their portfolio PITTSTON, PA 62,91662.9k $2.7m $2.7m 0.16% Unchanged
56 Southland Equity Partners LLC 0.52% of their portfolio WILDWOOD, MO 60,87460.9k $2.6m $2.6m 0.52% Reduced -3.7k -3,689
57 Noble Wealth Management PBC 1.28% of their portfolio GREENWOOD VILLAGE, CO 58,74958.7k $2.5m $2.5m 1.28% Reduced -11.3k -11,305
58 Chris Bulman Inc 1.11% of their portfolio ROSEVILLE, CA 57,69857.7k $2.5m $2.5m 1.11% Added +16.4k +16,368
59 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 57,25457.3k $2.5m $2.5m 0.01% Added +28 +28
60 Fortune Financial Group, Inc. 2.43% of their portfolio NAPLES, FL 56,67756.7k $2.5m $2.5m 2.43% First filing
61 MILESTONE ASSET MANAGEMENT, LLC 0.46% of their portfolio PITTSBURGH, PA 55,85255.9k $2.4m $2.4m 0.46% Reduced -2.6k -2,609
62 Weaver Consulting Group 0.58% of their portfolio HUNTINGTON BEACH, CA 55,10655.1k $2.4m $2.4m 0.58% Added +516 +516
63 SIGNATUREFD, LLC 0.04% of their portfolio ATLANTA, GA 54,07254.1k $2.3m $2.3m 0.04% Unchanged
64 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 51,90251.9k $2.3m $2.3m 0.01% Added +2.7k +2,661
65 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 50,12350.1k $2.2m $2.2m 0.04% Reduced -5.3k -5,303
66 MTM FINANCIAL GROUP, LLC 1.03% of their portfolio BETHLEHEM, PA 49,81449.8k $2.2m $2.2m 1.03% Added +143 +143
67 Tradition Wealth Management, LLC 0.15% of their portfolio EDINA, MN 48,58048.6k $2.1m $2.1m 0.15% Added +3.0k +2,950
68 ATTICUS WEALTH MANAGEMENT, LLC 0.51% of their portfolio Palm Beach Gardens, FL 47,63847.6k $2.1m $2.1m 0.51% Reduced -90 -90
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 46,43746.4k $2.0m $2.0m 0.00% Added +39.9k +39,853
70 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 46,25946.3k $2.0m $2.0m 0.02% Added +2.1k +2,056
71 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 46,15646.2k $2.0m $2.0m 0.03% Reduced -161.6k -161,551
72 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 44,54344.5k $1.9m $1.9m 0.00% Added +28.3k +28,303
73 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 44,24844.2k $1.9m $1.9m 0.02% Reduced -6.7k -6,747
74 RED REEF ADVISORS LLC 1.90% of their portfolio BOCA RATON, FL 43,09343.1k $1.9m $1.9m 1.90% First filing
75 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 41,81141.8k $1.8m $1.8m 0.00% Reduced -362.8k -362,753
76 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 41,59941.6k $1.8m $1.8m 0.01% Added +11.3k +11,291
77 RETIREMENT GUYS FORMULA LLC 0.79% of their portfolio MAUMEE, OH 40,10340.1k $1.7m $1.7m 0.79% New
78 Liberty Atlantic Advisors LLC 1.69% of their portfolio ALLEN, TX 39,69339.7k $1.7m $1.7m 1.69% First filing
79 SAGESPRING WEALTH PARTNERS, LLC 0.03% of their portfolio FRANKLIN, TN 39,08039.1k $1.7m $1.7m 0.03% Added +23.2k +23,164
80 WEALTH ALLIANCE, LLC 0.16% of their portfolio MELLVILLE, NY 38,71738.7k $1.7m $1.7m 0.16% Added +1.7k +1,732
81 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 36,99237.0k $1.6m $1.6m 0.02% Added +1.2k +1,239
82 Ascent Wealth Partners, LLC 0.16% of their portfolio NEW HARTFORD, NY 32,91132.9k $1.4m $1.4m 0.16% Added +4.2k +4,175
83 PTM WEALTH MANAGEMENT, LLC 0.80% of their portfolio NORTH WALES, PA 32,44432.4k $1.4m $1.4m 0.80% Reduced -38 -38
84 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 32,41332.4k $1.4m $1.4m 0.03% Reduced -6.7k -6,683
85 Patriot Financial Group Insurance Agency, LLC 0.16% of their portfolio Westborough, MA 30,90730.9k $1.3m $1.3m 0.16% Added +1.5k +1,515
86 RETIREMENT INCOME SOLUTIONS, INC 0.22% of their portfolio ANN ARBOR, MI 29,70829.7k $1.3m $1.3m 0.22% Reduced -9.0k -8,969
87 FSA Advisors, Inc. 0.89% of their portfolio TROY, MI 29,38529.4k $1.3m $1.3m 0.89% Added +265 +265
88 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 29,35429.4k $1.3m $1.3m 0.03% Added +809 +809
89 Forty-three Eighteen Advisors, LLC 0.99% of their portfolio BENTONVILLE, AR 29,32429.3k $1.3m $1.3m 0.99% First filing
90 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 26,59526.6k $1.2m $1.2m 0.02% Added +20.7k +20,738
91 Long Island Wealth Management, Inc. 0.54% of their portfolio MELVILLE, NY 26,52426.5k $1.2m $1.2m 0.54% Unchanged
92 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 25,87625.9k $1.1m $1.1m 0.01% Added +3.1k +3,053
93 SILVER OAK SECURITIES, INCORPORATED 0.08% of their portfolio JACKSON, TN 25,73525.7k $1.1m $1.1m 0.08% Added +16.8k +16,800
94 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 25,54725.5k $1.1m $1.1m 0.00% Unchanged
95 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.06% of their portfolio CEDAR RAPIDS, IA 25,34825.3k $1.1m $1.1m 0.06% Reduced -14.8k -14,835
96 Visionary Wealth Advisors 0.05% of their portfolio O'FALLON, IL 23,43523.4k $1.0m $1.0m 0.05% Reduced -477 -477
97 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 23,38223.4k $1.0m $1.0m 0.02% Added +4.2k +4,164
98 Three Seasons Wealth, LLC 0.09% of their portfolio SALT LAKE CITY, UT 22,95022.9k $995.6k $995.6k 0.09% Unchanged
99 First City Capital Management, Inc. 0.52% of their portfolio SAVANNAH, GA 22,48022.5k $975.2k $975.2k 0.52% Added +17.6k +17,555
100 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 21,70121.7k $941.4k $941.4k 0.01% Unchanged