Vault-13

INNOVATOR ETFS TRUST BDEC

US EQTY BUF DEC · ETP · CUSIP 45782C557

112 institutional holders +1 vs Q4 2025
3,656,8693.7m shares reported held*
$175.2mreported value*
10 new 19 added 34 reduced 11 sold out net sold ≈ $4.6m (-96.5k 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 ≈ $47.91.

Trends to Q1 2026

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: 101Q3 25: 103Q4 25: 111Q1 26: 112112Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025103
Q4 2025111
Q1 2026112

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 14 bought or addedQ2 24: 42 cut or sold outQ3 24: 11 bought or addedQ3 24: 44 cut or sold outQ3 24Q4 24: 51 bought or addedQ4 24: 28 cut or sold outQ1 25: 42 bought or addedQ1 25: 34 cut or sold outQ1 25Q2 25: 29 bought or addedQ2 25: 40 cut or sold outQ3 25: 20 bought or addedQ3 25: 49 cut or sold outQ3 25Q4 25: 57 bought or addedQ4 25: 32 cut or sold outQ1 26: 29 bought or addedQ1 26: 45 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241442
Q3 20241144
Q4 20245128
Q1 20254234
Q2 20252940
Q3 20252049
Q4 20255732
Q1 20262945

Biggest buyers

Brookstone Capital Management Added +48,626+48.6k
Penserra Capital Management LLC Added +41,931+41.9k
Cerity Partners LLC Added +37,519+37.5k
Dynamic Advisor Solutions LLC New +12,129+12.1k
Kestra Advisory Services, LLC Added +9,861+9.9k
ENVESTNET ASSET MANAGEMENT INC Added +9,750+9.8k
RAYMOND JAMES FINANCIAL INC Added +8,851+8.9k
AlphaStar Capital Management, LLC New +7,970+8.0k
Snowden Capital Advisors LLC Added +6,578+6.6k
Lantz Financial LLC Added +6,197+6.2k

Biggest sellers

JANE STREET GROUP, LLC Sold out -78,652-78.7k
OSAIC HOLDINGS, INC. Reduced -53,480-53.5k
BCS Wealth Management Reduced -28,002-28.0k
MML INVESTORS SERVICES, LLC Reduced -27,732-27.7k
Global Assets Advisory, LLC Sold out -25,864-25.9k
Cetera Investment Advisers Reduced -12,065-12.1k
GTS SECURITIES LLC Sold out -11,032-11.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -10,304-10.3k
CoreCap Advisors, LLC Reduced -8,967-9.0k
My Personal CFO, LLC Reduced -8,195-8.2k

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookstone Capital Management 0.39% of their portfolio WHEATON, IL 703,370703.4k $33.8m $33.8m 0.39% Added +48.6k +48,626
2 Penserra Capital Management LLC 0.24% of their portfolio ORINDA, CA 419,457419.5k $20.1m $20.1m 0.24% Added +41.9k +41,931
3 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 196,819196.8k $9.4m $9.4m 0.01% Reduced -3.1k -3,091
4 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 189,556189.6k $9.1m $9.1m 0.01% Reduced -53.5k -53,480
5 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 181,414181.4k $8.7m $8.7m 0.01% Added +37.5k +37,519
6 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 123,138123.1k $5.9m $5.9m 0.02% Reduced -900 -900
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 103,412103.4k $5.0m $5.0m 0.00% Added +8.9k +8,851
8 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 95,79595.8k $4.6m $4.6m 0.02% Unchanged
9 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 83,76383.8k $4.0m $4.0m 0.00% Reduced -460 -460
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 73,64373.6k $3.5m $3.5m 0.00% Added +9.8k +9,750
11 GTS FINANCIAL, LLC 2.29% of their portfolio BLOOMINGTON, MN 69,11469.1k $2.9m $2.9m 2.29% First filing
12 My Personal CFO, LLC 1.39% of their portfolio VANCOUVER, WA 66,18166.2k $3.2m $3.2m 1.39% Reduced -8.2k -8,195
13 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 57,38757.4k $2.8m $2.8m 0.00% Reduced -12.1k -12,065
14 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 55,93155.9k $2.7m $2.7m 0.01% Reduced -4.9k -4,860
15 Chris Bulman Inc 1.08% of their portfolio ROSEVILLE, CA 51,42351.4k $2.5m $2.5m 1.08% Added +815 +815
16 TopTier Wealth Management, LLC 1.45% of their portfolio MUSKEGO, WI 49,00249.0k $2.4m $2.4m 1.45% Reduced -302 -302
17 NovaPoint Capital, LLC 0.58% of their portfolio ATLANTA, GA 48,52948.5k $2.3m $2.3m 0.58% Added +140 +140
18 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 43,18343.2k $2.1m $2.1m 0.01% Added +9.9k +9,861
19 Strategic Blueprint, LLC 0.12% of their portfolio ATLANTA, GA 41,79841.8k $2.0m $2.0m 0.12% Added +680 +680
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 39,60139.6k $1.9m $1.9m 0.00% Reduced -5.1k -5,086
21 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 38,07038.1k $1.8m $1.8m 0.01% Reduced -27.7k -27,732
22 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 34,17934.2k $1.6m $1.6m 0.04% Added +6.6k +6,578
23 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 33,93833.9k $1.6m $1.6m 0.00% Reduced -2.3k -2,311
24 Trek Financial, LLC 0.08% of their portfolio Scottsdale, AZ 33,01433.0k $1.6m $1.6m 0.08% Reduced -6.1k -6,111
25 INTEGRAL INVESTMENT ADVISORS, INC. 0.39% of their portfolio TURLOCK, CA 32,38432.4k $1.6m $1.6m 0.39% Unchanged
26 Krilogy Financial LLC 0.05% of their portfolio ST. LOUIS, MO 31,49531.5k $1.6m $1.6m 0.05% Reduced -2.0k -2,020
27 WealthPlan Investment Management, LLC 0.08% of their portfolio OMAHA, NE 29,50829.5k $1.4m $1.4m 0.08% Reduced -2.5k -2,527
28 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 27,86327.9k $1.3m $1.3m 0.01% Added +2.6k +2,582
29 BCS Wealth Management 0.26% of their portfolio JOHNSON CITY, TN 26,66626.7k $1.3m $1.3m 0.26% Reduced -28.0k -28,002
30 FSA Advisors, Inc. 0.82% of their portfolio TROY, MI 25,90025.9k $1.2m $1.2m 0.82% Added +173 +173
31 THOROUGHBRED FINANCIAL SERVICES, LLC 0.07% of their portfolio BRENTWOOD, TN 23,13223.1k $1.1m $1.1m 0.07% Unchanged
32 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 22,90622.9k $1.1m $1.1m 0.02% Reduced -752 -752
33 Lantz Financial LLC 0.23% of their portfolio NAPERVILLE, IL 22,72522.7k $1.1m $1.1m 0.23% Added +6.2k +6,197
34 SAGESPRING WEALTH PARTNERS, LLC 0.02% of their portfolio FRANKLIN, TN 22,33222.3k $1.1m $1.1m 0.02% Unchanged
35 Bellwether Advisors, LLC 0.15% of their portfolio LINCOLN, NE 17,86817.9k $857.7k $857.7k 0.15% Unchanged
36 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 16,35916.4k $785.2k $785.2k 0.02% Added +6.0k +6,015
37 WealthPLAN Partners, LLC 0.15% of their portfolio OMAHA, NE 16,02116.0k $769.0k $769.0k 0.15% Reduced -6.5k -6,512
38 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 15,09715.1k $725.0k $725.0k 0.00% Reduced -200 -200
39 First Commonwealth Financial Corp /PA/ 0.11% of their portfolio Indiana, PA 14,72514.7k $706.8k $706.8k 0.11% Unchanged
40 PCA Investment Advisory Services Inc. 0.23% of their portfolio CINCINNATI, OH 14,62814.6k $702.2k $702.2k 0.23% Added +1 +1
41 Outlook Wealth Advisors, LLC 0.16% of their portfolio SHENANDOAH, TX 13,45713.5k $645.9k $645.9k 0.16% Unchanged
42 Three Seasons Wealth, LLC 0.24% of their portfolio SALT LAKE CITY, UT 13,27513.3k $637.2k $637.2k 0.24% Reduced -408 -408
43 DHJJ Financial Advisors, Ltd. 0.21% of their portfolio NAPERVILLE, IL 12,99513.0k $623.8k $623.8k 0.21% Reduced -1.0k -1,005
44 MILESTONE ASSET MANAGEMENT, LLC 0.11% of their portfolio PITTSBURGH, PA 12,87312.9k $617.9k $617.9k 0.11% Unchanged
45 IMG Wealth Management, Inc. 0.39% of their portfolio JACKSONVILLE, FL 12,69712.7k $609.5k $609.5k 0.39% Reduced -502 -502
46 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 12,53612.5k $601.7k $601.7k 0.01% Added +406 +406
47 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 12,12912.1k $582.2k $582.2k 0.02% New
48 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 11,92811.9k $572.6k $572.6k 0.02% Reduced -400 -400
49 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 11,85811.9k $569.2k $569.2k 0.00% Added +90 +90
50 FWG Investments, LLC. 0.36% of their portfolio LEXINGTON, KY 11,69511.7k $561.4k $561.4k 0.36% Reduced -1.0k -1,042
51 Beacon Financial Advisory LLC 0.12% of their portfolio CLEVELAND, OH 11,43511.4k $548.9k $548.9k 0.12% Unchanged
52 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 10,62310.6k $509.9k $509.9k 0.01% Reduced -42 -42
53 Archer Investment Corp 0.11% of their portfolio Carmel, IN 10,57210.6k $507.5k $507.5k 0.11% Unchanged
54 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 10,54410.5k $506.1k $506.1k 0.02% Unchanged
55 Stratos Wealth Advisors, LLC 0.03% of their portfolio BEACHWOOD, OH 10,49910.5k $504.0k $504.0k 0.03% Unchanged
56 GWN SECURITIES INC. 0.09% of their portfolio Palm Beach Gardens, FL 10,17010.2k $488.2k $488.2k 0.09% Unchanged
57 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 9,7629.8k $468.6k $468.6k 0.02% Reduced -1.5k -1,500
58 Valtinson Bruner Financial Planning LLC 0.13% of their portfolio NEW BRIGHTON, MN 9,5399.5k $457.9k $457.9k 0.13% Unchanged
59 Weaver Consulting Group 0.11% of their portfolio HUNTINGTON BEACH, CA 9,5359.5k $457.7k $457.7k 0.11% Unchanged
60 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 9,4769.5k $454.9k $454.9k 0.02% Reduced -9.0k -8,967
61 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 9,3029.3k $446.5k $446.5k 0.02% Unchanged
62 Pinnacle Wealth Management Group, Inc. 0.21% of their portfolio PLYMOUTH, MI 9,0009.0k $432.0k $432.0k 0.21% Unchanged
63 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,9559.0k $429.8k $429.8k 0.01% Reduced -4.7k -4,669
64 RESOLUTE WEALTH ADVISOR, INC. 0.23% of their portfolio FINDLAY, OH 8,5558.6k $410.6k $410.6k 0.23% First filing
65 HOLLENCREST CAPITAL MANAGEMENT 0.02% of their portfolio NEWPORT BEACH, CA 8,5148.5k $408.7k $408.7k 0.02% Unchanged
66 CRA Financial Services, LLC 0.05% of their portfolio NORTHFIELD, NJ 8,1458.1k $391.0k $391.0k 0.05% Reduced -275 -275
67 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 7,9708.0k $382.6k $382.6k 0.03% New
68 Souders Financial Advisors 0.04% of their portfolio CINCINNATI, OH 7,5257.5k $361.2k $361.2k 0.04% Unchanged
69 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.05% of their portfolio BLUE BELL, PA 7,1887.2k $345.0k $345.0k 0.05% Added +4.5k +4,464
70 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 7,0757.1k $339.6k $339.6k 0.00% Unchanged
71 Wealthquest Corp 0.01% of their portfolio CINCINNATI, OH 6,8366.8k $338.8k $338.8k 0.01% Unchanged
72 WEALTHGARDEN F.S. LLC 0.22% of their portfolio EL SEGUNDO, CA 6,6746.7k $320.4k $320.4k 0.22% Unchanged
73 Fragasso Financial Advisors Inc 0.02% of their portfolio SEWICKLEY, PA 6,6126.6k $320.5k $320.5k 0.02% Reduced -559 -559
74 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 6,5736.6k $315.5k $315.5k 0.01% Unchanged
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,5546.6k $316.8k $316.8k 0.00% Reduced -3.0k -3,006
76 COFG Advisors, LLC 0.08% of their portfolio OAK BROOK, IL 6,4236.4k $308.3k $308.3k 0.08% Unchanged
77 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,3816.4k $306.3k $306.3k 0.01% Reduced -200 -200
78 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 6,3166.3k $303.2k $303.2k 0.00% Reduced -209 -209
79 Wheelhouse Advisory Group LLC 0.10% of their portfolio ST. LOUIS, MO 6,0206.0k $289.0k $289.0k 0.10% New
80 Grantvest Financial Group LLC 0.19% of their portfolio MATAWAN, NJ 6,0156.0k $288.7k $288.7k 0.19% Unchanged
81 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,5555.6k $266.6k $266.6k 0.00% New
82 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 5,5555.6k $266.6k $266.6k 0.01% Unchanged
83 Waterloo Capital, L.P. 0.02% of their portfolio AUSTIN, TX 5,2035.2k $249.7k $249.7k 0.02% Unchanged
84 Optimist Retirement Group LLC 0.11% of their portfolio BELLEVUE, WA 5,1715.2k $248.2k $248.2k 0.11% Unchanged
85 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,1005.1k $244.8k $244.8k 0.00% Unchanged
86 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,8584.9k $228.4k $228.4k 0.00% New
87 Orion Capital Management LLC 0.08% of their portfolio CORONADO, CA 4,7004.7k $225.6k $225.6k 0.08% Unchanged
88 Commerce Advisors, LLC 0.19% of their portfolio MEMPHIS, TN 4,6504.7k $223.2k $223.2k 0.19% First filing
89 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 4,6174.6k $221.6k $221.6k 0.00% New
90 Seros Financial, LLC 0.14% of their portfolio TEMPE, AZ 4,5774.6k $219.7k $219.7k 0.14% Unchanged
91 Kathmere Capital Management, LLC 0.01% of their portfolio WAYNE, PA 4,5444.5k $218.1k $218.1k 0.01% Unchanged
92 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 4,4054.4k $211.4k $211.4k 0.00% Unchanged
93 WealthShield Partners, LLC 0.02% of their portfolio CARY, NC 3,6173.6k $173.6k $173.6k 0.02% Unchanged
94 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 3,5133.5k $168.6k $168.6k 0.01% Added +3.1k +3,134
95 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 3,1403.1k $150.7k $150.7k 0.00% New
96 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,9983.0k $143.9k $143.9k 0.00% Reduced -53 -53
97 Pinnacle Wealth Planning Services, Inc. 0.01% of their portfolio MANSFIELD, OH 2,7322.7k $131.1k $131.1k 0.01% Unchanged
98 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,4892.5k $119.5k $119.5k 0.00% Reduced -101 -101
99 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,4152.4k $116.7k $116.7k 0.00% Unchanged
100 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 2,4022.4k $115.0k $115.0k 0.00% Unchanged