Vault-13

INNOVATOR ETFS TRUST BDEC

US EQTY BUF DEC · ETP · CUSIP 45782C557

101 institutional holders +3 vs Q1 2025
3,310,2863.3m shares reported held*
$149.3mreported value*
7 new 22 added 36 reduced 4 sold out net sold ≈ $2.0m (-44.1k 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 ≈ $45.11.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 39Q4 22: 63Q1 23: 70Q2 23: 65Q3 23: 65Q4 23: 84Q1 24: 88Q2 24: 87Q3 24: 86Q4 24: 94Q1 25: 98Q2 25: 101101Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202239
Q4 202263
Q1 202370
Q2 202365
Q3 202365
Q4 202384
Q1 202488
Q2 202487
Q3 202486
Q4 202494
Q1 202598
Q2 2025101

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 16 bought or addedQ3 23: 36 cut or sold outQ4 23: 47 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 26 bought or addedQ1 24: 38 cut or sold outQ2 24: 14 bought or addedQ2 24: 42 cut or sold outQ2 24Q3 24: 11 bought or addedQ3 24: 44 cut or sold outQ4 24: 51 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 42 bought or addedQ1 25: 34 cut or sold outQ2 25: 29 bought or addedQ2 25: 40 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231636
Q4 20234725
Q1 20242638
Q2 20241442
Q3 20241144
Q4 20245128
Q1 20254234
Q2 20252940

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +55,581+55.6k
OSAIC HOLDINGS, INC. Added +42,246+42.2k
Brookstone Capital Management Added +36,482+36.5k
CITADEL ADVISORS LLC New +12,876+12.9k
Foundations Investment Advisors, LLC New +9,922+9.9k
SageView Advisory Group, LLC New +5,555+5.6k
Atria Wealth Solutions, Inc. New +4,774+4.8k
Kathmere Capital Management, LLC New +4,616+4.6k
Chris Bulman Inc Added +4,610+4.6k
Seros Financial, LLC New +4,577+4.6k

Biggest sellers

GWN SECURITIES INC. Reduced -102,373-102.4k
Cresset Asset Management, LLC Reduced -23,915-23.9k
OLD MISSION CAPITAL LLC Sold out -23,566-23.6k
Penserra Capital Management LLC Reduced -19,935-19.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -14,953-15.0k
Cerity Partners LLC Reduced -9,348-9.3k
Stratos Wealth Partners, LTD. Sold out -8,490-8.5k
IMG Wealth Management, Inc. Reduced -5,503-5.5k
LPL Financial LLC Reduced -4,661-4.7k
Lion Street Advisors, LLC Reduced -4,395-4.4k

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 (2.1%, 2026-07-02)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookstone Capital Management 0.37% of their portfolio WHEATON, IL 631,930631.9k $28.5m $28.5m 0.37% Added +36.5k +36,482
2 Penserra Capital Management LLC 0.24% of their portfolio ORINDA, CA 386,903386.9k $17.5m $17.5m 0.24% Reduced -19.9k -19,935
3 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 235,518235.5k $10.6m $10.6m 0.01% Reduced -15.0k -14,953
4 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 232,536232.5k $10.5m $10.5m 0.02% Added +42.2k +42,246
5 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 138,395138.4k $6.2m $6.2m 0.01% Reduced -9.3k -9,348
6 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 95,79595.8k $4.3m $4.3m 0.02% Reduced -23.9k -23,915
7 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 86,80386.8k $3.9m $3.9m 0.00% Reduced -795 -795
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 84,30984.3k $3.8m $3.8m 0.00% Added +55.6k +55,581
9 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 74,48074.5k $3.4m $3.4m 0.01% Reduced -4.2k -4,210
10 My Personal CFO, LLC 1.53% of their portfolio VANCOUVER, WA 74,37374.4k $3.4m $3.4m 1.53% Added +42 +42
11 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 67,16367.2k $3.0m $3.0m 0.01% Added +658 +658
12 Bullseye Investment Management, LLC 1.47% of their portfolio CINCINNATI, OH 57,90157.9k $2.4m $2.4m 1.47% Unchanged
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 52,14752.1k $2.4m $2.4m 0.00% Reduced -1.5k -1,462
14 Chris Bulman Inc 1.30% of their portfolio ROSEVILLE, CA 50,45850.5k $2.3m $2.3m 1.30% Added +4.6k +4,610
15 NovaPoint Capital, LLC 0.70% of their portfolio ATLANTA, GA 50,26150.3k $2.3m $2.3m 0.70% Reduced -455 -455
16 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 46,24446.2k $2.1m $2.1m 0.01% Reduced -3.4k -3,418
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 39,11839.1k $1.8m $1.8m 0.00% Reduced -4.7k -4,661
18 Strategic Blueprint, LLC 0.08% of their portfolio ATLANTA, GA 37,66237.7k $1.7m $1.7m 0.08% Reduced -190 -190
19 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 37,00437.0k $1.7m $1.7m 0.01% Added +4.4k +4,360
20 Trek Financial, LLC 0.11% of their portfolio Scottsdale, AZ 36,71936.7k $1.7m $1.7m 0.11% Unchanged
21 Krilogy Financial LLC 0.09% of their portfolio ST. LOUIS, MO 35,01535.0k $1.6m $1.6m 0.09% Reduced -1.3k -1,315
22 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 32,50932.5k $1.5m $1.5m 0.00% Reduced -381 -381
23 BCS Wealth Management 0.30% of their portfolio JOHNSON CITY, TN 30,54430.5k $1.4m $1.4m 0.30% Added +557 +557
24 INTEGRAL INVESTMENT ADVISORS, INC. 0.39% of their portfolio TURLOCK, CA 30,23430.2k $1.4m $1.4m 0.39% Unchanged
25 FSA Advisors, Inc. 0.97% of their portfolio TROY, MI 26,38226.4k $1.2m $1.2m 0.97% Added +36 +36
26 THOROUGHBRED FINANCIAL SERVICES, LLC 0.08% of their portfolio BRENTWOOD, TN 23,84123.8k $1.1m $1.1m 0.08% Reduced -1.5k -1,500
27 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 22,90722.9k $1.0m $1.0m 0.03% Added +226 +226
28 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 22,44222.4k $1.0m $1.0m 0.03% Added +1.5k +1,540
29 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 22,03422.0k $995.1k $995.1k 0.01% Added +533 +533
30 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,27918.3k $825.0k $825.0k 0.00% Reduced -2.6k -2,554
31 First Commonwealth Financial Corp /PA/ 0.18% of their portfolio Indiana, PA 18,16318.2k $820.2k $820.2k 0.18% Unchanged
32 Bellwether Advisors, LLC 0.14% of their portfolio LINCOLN, NE 17,86817.9k $806.9k $806.9k 0.14% Unchanged
33 PCA Investment Advisory Services Inc. 0.34% of their portfolio CINCINNATI, OH 17,85717.9k $806.4k $806.4k 0.34% Added +190 +190
34 Vantage Financial Partners, LLC 0.19% of their portfolio ELM GROVE, WI 17,81817.8k $804.7k $804.7k 0.19% Reduced -1.8k -1,797
35 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 16,93816.9k $764.9k $764.9k 0.02% Reduced -569 -569
36 DHJJ Financial Advisors, Ltd. 0.28% of their portfolio NAPERVILLE, IL 16,88716.9k $762.6k $762.6k 0.28% Unchanged
37 Wealthquest Corp 0.06% of their portfolio CINCINNATI, OH 16,64016.6k $751.5k $751.5k 0.06% Reduced -234 -234
38 Beacon Financial Advisory LLC 0.18% of their portfolio CLEVELAND, OH 15,63515.6k $706.1k $706.1k 0.18% Unchanged
39 MILESTONE ASSET MANAGEMENT, LLC 0.13% of their portfolio PITTSBURGH, PA 13,73913.7k $620.5k $620.5k 0.13% Reduced -120 -120
40 Three Seasons Wealth, LLC 0.07% of their portfolio SALT LAKE CITY, UT 13,68313.7k $617.9k $617.9k 0.07% Unchanged
41 IMG Wealth Management, Inc. 0.47% of their portfolio JACKSONVILLE, FL 13,30913.3k $601.0k $601.0k 0.47% Reduced -5.5k -5,503
42 Arax Advisory Partners 0.03% of their portfolio NEW YORK, NY 12,99913.0k $587.0k $587.0k 0.03% Reduced -351 -351
43 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,87612.9k $581.5k $581.5k 0.00% New
44 Outlook Wealth Advisors, LLC 0.15% of their portfolio SHENANDOAH, TX 12,83412.8k $579.6k $579.6k 0.15% Unchanged
45 FWG Investments, LLC. 0.44% of their portfolio LEXINGTON, KY 12,68712.7k $572.9k $572.9k 0.44% Reduced -922 -922
46 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 12,16312.2k $549.3k $549.3k 0.02% Reduced -316 -316
47 KFG WEALTH MANAGEMENT, LLC 0.09% of their portfolio GRANGER, IN 11,71511.7k $529.0k $529.0k 0.09% Unchanged
48 Lantz Financial LLC 0.13% of their portfolio NAPERVILLE, IL 11,64011.6k $525.7k $525.7k 0.13% Reduced -70 -70
49 Valtinson Bruner Financial Planning LLC 0.15% of their portfolio NEW BRIGHTON, MN 10,68210.7k $482.4k $482.4k 0.15% Reduced -1.4k -1,439
50 GWN SECURITIES INC. 0.09% of their portfolio Palm Beach Gardens, FL 10,28510.3k $464.5k $464.5k 0.09% Reduced -102.4k -102,373
51 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 9,9229.9k $448.1k $448.1k 0.01% New
52 Weaver Consulting Group 0.12% of their portfolio HUNTINGTON BEACH, CA 9,3479.3k $422.1k $422.1k 0.12% Added +1.4k +1,448
53 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 9,3029.3k $420.1k $420.1k 0.02% Unchanged
54 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 9,2029.2k $415.6k $415.6k 0.02% Reduced -1.5k -1,534
55 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 9,1429.1k $412.9k $412.9k 0.01% Unchanged
56 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 8,5608.6k $389.1k $389.1k 0.00% Unchanged
57 RESOLUTE WEALTH ADVISOR, INC. 0.23% of their portfolio FINDLAY, OH 8,5558.6k $410.6k $410.6k 0.23% First filing
58 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 8,4448.4k $389.3k $389.3k 0.01% Unchanged
59 CRA Financial Services, LLC 0.06% of their portfolio NORTHFIELD, NJ 8,4208.4k $380.2k $380.2k 0.06% Reduced -450 -450
60 Archer Investment Corp 0.08% of their portfolio Carmel, IN 7,7877.8k $351.7k $351.7k 0.08% Unchanged
61 Souders Financial Advisors 0.04% of their portfolio CINCINNATI, OH 7,5257.5k $339.8k $339.8k 0.04% Unchanged
62 Share Andrew L. 0.23% of their portfolio MANCHESTER, NH 7,5007.5k $338.7k $338.7k 0.23% Unchanged
63 Pinnacle Wealth Management Group, Inc. 0.19% of their portfolio PLYMOUTH, MI 7,3007.3k $329.7k $329.7k 0.19% Reduced -330 -330
64 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 7,1007.1k $320.6k $320.6k 0.01% Added +1 +1
65 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 6,8756.9k $310.5k $310.5k 0.00% Unchanged
66 WEALTHGARDEN F.S. LLC 0.25% of their portfolio EL SEGUNDO, CA 6,6746.7k $306.1k $306.1k 0.25% Unchanged
67 Fragasso Financial Advisors Inc 0.02% of their portfolio SEWICKLEY, PA 6,6126.6k $298.6k $298.6k 0.02% Unchanged
68 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 6,5736.6k $296.8k $296.8k 0.01% Reduced -2.6k -2,592
69 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 6,5596.6k $296.2k $296.2k 0.01% Added +1.6k +1,558
70 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,4746.5k $292.4k $292.4k 0.01% Added +61 +61
71 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 5,7855.8k $261.3k $261.3k 0.00% Reduced -227 -227
72 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 5,5555.6k $256.0k $256.0k 0.01% New
73 Waterloo Capital, L.P. 0.02% of their portfolio AUSTIN, TX 5,2035.2k $235.0k $235.0k 0.02% Unchanged
74 Optimist Retirement Group LLC 0.11% of their portfolio BELLEVUE, WA 5,1715.2k $233.5k $233.5k 0.11% Unchanged
75 Orion Capital Management LLC 0.09% of their portfolio CORONADO, CA 5,0005.0k $225.8k $225.8k 0.09% Unchanged
76 Stratos Wealth Advisors, LLC 0.01% of their portfolio BEACHWOOD, OH 4,8544.9k $219.2k $219.2k 0.01% Unchanged
77 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 4,7744.8k $215.8k $215.8k 0.00% New
78 Kathmere Capital Management, LLC 0.02% of their portfolio WAYNE, PA 4,6164.6k $208.5k $208.5k 0.02% New
79 Seros Financial, LLC 0.13% of their portfolio TEMPE, AZ 4,5774.6k $206.7k $206.7k 0.13% New
80 Lion Street Advisors, LLC 0.06% of their portfolio Austin, TX 4,4984.5k $203.1k $203.1k 0.06% Reduced -4.4k -4,395
81 Wood Tarver Financial Group, LLC 0.05% of their portfolio BOISE, ID 3,8543.9k $174.0k $174.0k 0.05% Unchanged
82 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,8323.8k $173.1k $173.1k 0.00% Added +1.8k +1,800
83 Stuart Chaussee & Associates, Inc. 0.03% of their portfolio BEVERLY HILLS, CA 3,0083.0k $135.8k $135.8k 0.03% Added +2.7k +2,708
84 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 2,9793.0k $128.4k $128.4k 0.01% Added +2.6k +2,600
85 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 2,8002.8k $126.4k $126.4k 0.02% Added +2.1k +2,100
86 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,4152.4k $109.1k $109.1k 0.00% Unchanged
87 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 2,4022.4k $108.0k $108.0k 0.00% Unchanged
88 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,3512.4k $106.2k $106.2k 0.00% Added +351 +351
89 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 2,3002.3k $103.9k $103.9k 0.01% Unchanged
90 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,2662.3k $102.3k $102.3k 0.00% Unchanged
91 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,1802.2k $98.4k $98.4k 0.00% Unchanged
92 Financial Network Wealth Advisors LLC 0.08% of their portfolio MURRAY, UT 1,4411.4k $65.1k $65.1k 0.08% Unchanged
93 Berkshire Money Management, Inc. 0.01% of their portfolio DALTON, MA 1,2321.2k $55.6k $55.6k 0.01% New
94 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,0201.0k $46.1k $46.1k 0.00% Unchanged
95 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 761761 $34.4k $34.4k 0.00% Reduced -331 -331
96 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 374374 $16.9k $16.9k 0.00% Unchanged
97 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 300300 $13.5k $13.5k 0.00% Reduced -367 -367
98 Integrity Financial Corp /WA 0.01% of their portfolio JACKSON, WY 250250 $11.3k $11.3k 0.01% Reduced -79 -79
99 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 150150 $6.8k $6.8k 0.00% Reduced -916 -916
100 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 141141 $6.4k $6.4k 0.00% Unchanged