Vault-13

INNOVATOR ETFS TRUST BDEC

US EQTY BUF DEC · ETP · CUSIP 45782C557

120 institutional holders +8 vs Q1 2026
3,097,5273.1m shares reported held*
$164.7mreported value*
13 new 12 added 47 reduced 5 sold out net sold ≈ $29.1m (-555.9k 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 ≈ $53.19.

Trends to Q2 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: 112Q2 26: 120120Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026120

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 25Q3 25: 20 bought or addedQ3 25: 49 cut or sold outQ4 25: 57 bought or addedQ4 25: 32 cut or sold outQ4 25Q1 26: 29 bought or addedQ1 26: 45 cut or sold outQ2 26: 25 bought or addedQ2 26: 52 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241144
Q4 20245128
Q1 20254234
Q2 20252940
Q3 20252049
Q4 20255732
Q1 20262945
Q2 20262552

Biggest buyers

Penserra Capital Management LLC Added +77,974+78.0k
OSAIC HOLDINGS, INC. Added +39,299+39.3k
Cambridge Investment Research Advisors, Inc. Added +26,584+26.6k
Global Assets Advisory, LLC New +25,864+25.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +13,937+13.9k
Archer Investment Corp Added +10,572+10.6k
MML INVESTORS SERVICES, LLC Added +9,624+9.6k
CITADEL ADVISORS LLC New +8,431+8.4k
OLD MISSION CAPITAL LLC Added +7,868+7.9k
Dana Investment Advisors, Inc. New +5,548+5.5k

Biggest sellers

Brookstone Capital Management Reduced -616,522-616.5k
GTS FINANCIAL, LLC Sold out -69,114-69.1k
Lido Advisors, LLC Reduced -29,975-30.0k
Arkadios Wealth Advisors Sold out -22,906-22.9k
Kestra Advisory Services, LLC Reduced -7,155-7.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -7,083-7.1k
Wealthquest Corp Sold out -6,836-6.8k
FWG Investments, LLC. Reduced -6,828-6.8k
Chris Bulman Inc Reduced -6,782-6.8k
NovaPoint Capital, LLC Reduced -5,401-5.4k

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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Penserra Capital Management LLC 0.20% of their portfolio ORINDA, CA 497,431497.4k $26.5m $26.5m 0.20% Added +78.0k +77,974
2 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 228,855228.9k $12.2m $12.2m 0.01% Added +39.3k +39,299
3 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 189,736189.7k $10.1m $10.1m 0.01% Reduced -7.1k -7,083
4 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 186,007186.0k $9.9m $9.9m 0.01% Added +4.6k +4,593
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 102,775102.8k $5.5m $5.5m 0.00% Reduced -637 -637
6 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 95,79595.8k $5.1m $5.1m 0.02% Unchanged
7 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 93,16393.2k $5.0m $5.0m 0.02% Reduced -30.0k -29,975
8 Brookstone Capital Management 0.05% of their portfolio WHEATON, IL 86,84886.8k $4.6m $4.6m 0.05% Reduced -616.5k -616,522
9 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 79,86779.9k $4.2m $4.2m 0.00% Reduced -3.9k -3,896
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 72,14772.1k $3.8m $3.8m 0.00% Reduced -1.5k -1,496
11 My Personal CFO, LLC 1.33% of their portfolio VANCOUVER, WA 63,84163.8k $3.4m $3.4m 1.33% Reduced -2.3k -2,340
12 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 60,52260.5k $3.2m $3.2m 0.00% Added +26.6k +26,584
13 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 58,40758.4k $3.1m $3.1m 0.00% Added +1.0k +1,020
14 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 55,74255.7k $3.0m $3.0m 0.01% Reduced -189 -189
15 TopTier Wealth Management, LLC 1.55% of their portfolio MUSKEGO, WI 48,31148.3k $2.6m $2.6m 1.55% Reduced -691 -691
16 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 47,69447.7k $2.5m $2.5m 0.01% Added +9.6k +9,624
17 Chris Bulman Inc 0.87% of their portfolio ROSEVILLE, CA 44,64144.6k $2.4m $2.4m 0.87% Reduced -6.8k -6,782
18 NovaPoint Capital, LLC 0.48% of their portfolio ATLANTA, GA 43,12843.1k $2.3m $2.3m 0.48% Reduced -5.4k -5,401
19 Strategic Blueprint, LLC 0.11% of their portfolio ATLANTA, GA 41,28041.3k $2.2m $2.2m 0.11% Reduced -518 -518
20 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 38,71138.7k $2.1m $2.1m 0.00% Reduced -890 -890
21 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 36,02836.0k $1.9m $1.9m 0.01% Reduced -7.2k -7,155
22 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 34,11834.1k $1.8m $1.8m 0.04% Reduced -61 -61
23 Trek Financial, LLC 0.09% of their portfolio Scottsdale, AZ 33,01433.0k $1.8m $1.8m 0.09% Unchanged
24 INTEGRAL INVESTMENT ADVISORS, INC. 0.38% of their portfolio TURLOCK, CA 32,38432.4k $1.7m $1.7m 0.38% Unchanged
25 Krilogy Financial LLC 0.05% of their portfolio ST. LOUIS, MO 31,49531.5k $1.7m $1.7m 0.05% Unchanged
26 WealthPlan Investment Management, LLC 0.08% of their portfolio OMAHA, NE 28,49828.5k $1.5m $1.5m 0.08% Reduced -1.0k -1,010
27 Global Assets Advisory, LLC 0.30% of their portfolio ORLANDO, FL 25,86425.9k $1.4m $1.4m 0.30% New
28 BCS Wealth Management 0.25% of their portfolio JOHNSON CITY, TN 25,57625.6k $1.4m $1.4m 0.25% Reduced -1.1k -1,090
29 FSA Advisors, Inc. 0.62% of their portfolio TROY, MI 25,56125.6k $1.4m $1.4m 0.62% Reduced -339 -339
30 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 24,22724.2k $1.3m $1.3m 0.03% Added +7.9k +7,868
31 THOROUGHBRED FINANCIAL SERVICES, LLC 0.06% of their portfolio BRENTWOOD, TN 23,13223.1k $1.2m $1.2m 0.06% Unchanged
32 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 22,68922.7k $1.2m $1.2m 0.01% Reduced -5.2k -5,174
33 SAGESPRING WEALTH PARTNERS, LLC 0.02% of their portfolio FRANKLIN, TN 22,33222.3k $1.2m $1.2m 0.02% Unchanged
34 Lantz Financial LLC 0.21% of their portfolio NAPERVILLE, IL 22,04422.0k $1.2m $1.2m 0.21% Reduced -681 -681
35 Archer Investment Corp 0.11% of their portfolio Carmel, IN 21,14421.1k $1.1m $1.1m 0.11% Added +10.6k +10,572
36 Bellwether Advisors, LLC 0.14% of their portfolio LINCOLN, NE 17,86817.9k $950.6k $950.6k 0.14% Unchanged
37 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,21914.2k $756.0k $756.0k 0.00% Reduced -878 -878
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,93713.9k $741.5k $741.5k 0.00% New
39 First Commonwealth Financial Corp /PA/ 0.10% of their portfolio Indiana, PA 13,92513.9k $740.8k $740.8k 0.10% Reduced -800 -800
40 WealthPLAN Partners, LLC 0.14% of their portfolio OMAHA, NE 13,47713.5k $717.0k $717.0k 0.14% Reduced -2.5k -2,544
41 Three Seasons Wealth, LLC 0.06% of their portfolio SALT LAKE CITY, UT 13,27513.3k $706.3k $706.3k 0.06% Unchanged
42 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 13,18213.2k $701.3k $701.3k 0.00% Added +1.3k +1,254
43 Outlook Wealth Advisors, LLC 0.15% of their portfolio SHENANDOAH, TX 13,10513.1k $697.2k $697.2k 0.15% Reduced -352 -352
44 DHJJ Financial Advisors, Ltd. 0.20% of their portfolio NAPERVILLE, IL 12,99513.0k $691.4k $691.4k 0.20% Unchanged
45 MILESTONE ASSET MANAGEMENT, LLC 0.11% of their portfolio PITTSBURGH, PA 12,74812.7k $678.2k $678.2k 0.11% Reduced -125 -125
46 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 12,53612.5k $666.9k $666.9k 0.01% Unchanged
47 PCA Investment Advisory Services Inc. 0.18% of their portfolio CINCINNATI, OH 12,41412.4k $660.5k $660.5k 0.18% Reduced -2.2k -2,214
48 IMG Wealth Management, Inc. 0.36% of their portfolio JACKSONVILLE, FL 12,22612.2k $650.5k $650.5k 0.36% Reduced -471 -471
49 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 11,85711.9k $630.8k $630.8k 0.00% Reduced -1 -1
50 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 11,09311.1k $590.2k $590.2k 0.02% Reduced -1.0k -1,036
51 Stratos Wealth Advisors, LLC 0.03% of their portfolio BEACHWOOD, OH 10,49910.5k $558.6k $558.6k 0.03% Unchanged
52 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 10,30410.3k $548.2k $548.2k 0.02% Reduced -240 -240
53 GWN SECURITIES INC. 0.09% of their portfolio Palm Beach Gardens, FL 10,17010.2k $541.1k $541.1k 0.09% Unchanged
54 Beacon Financial Advisory LLC 0.11% of their portfolio CLEVELAND, OH 10,06410.1k $535.4k $535.4k 0.11% Reduced -1.4k -1,371
55 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 9,8699.9k $525.1k $525.1k 0.01% Reduced -754 -754
56 Weaver Consulting Group 0.10% of their portfolio HUNTINGTON BEACH, CA 9,5359.5k $507.3k $507.3k 0.10% Unchanged
57 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 9,5309.5k $507.0k $507.0k 0.02% Reduced -232 -232
58 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 9,4569.5k $503.1k $503.1k 0.01% Reduced -20 -20
59 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 9,1379.1k $486.1k $486.1k 0.01% Added +182 +182
60 Pinnacle Wealth Management Group, Inc. 0.22% of their portfolio PLYMOUTH, MI 9,0009.0k $478.8k $478.8k 0.22% Unchanged
61 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,9238.9k $472.0k $472.0k 0.00% Added +4.1k +4,065
62 RESOLUTE WEALTH ADVISOR, INC. 0.23% of their portfolio FINDLAY, OH 8,5558.6k $410.6k $410.6k 0.23% Unchanged
63 HOLLENCREST CAPITAL MANAGEMENT 0.03% of their portfolio NEWPORT BEACH, CA 8,5148.5k $453.0k $453.0k 0.03% Unchanged
64 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 8,4318.4k $448.6k $448.6k 0.00% New
65 CRA Financial Services, LLC 0.05% of their portfolio NORTHFIELD, NJ 8,1458.1k $433.3k $433.3k 0.05% Unchanged
66 Valtinson Bruner Financial Planning LLC 0.10% of their portfolio NEW BRIGHTON, MN 7,8277.8k $416.4k $416.4k 0.10% Reduced -1.7k -1,712
67 Souders Financial Advisors 0.04% of their portfolio CINCINNATI, OH 7,5257.5k $400.3k $400.3k 0.04% Unchanged
68 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.05% of their portfolio BLUE BELL, PA 7,1537.2k $380.6k $380.6k 0.05% Reduced -35 -35
69 AlphaStar Capital Management, LLC 0.02% of their portfolio CORNELIUS, NC 7,1527.2k $380.5k $380.5k 0.02% Reduced -818 -818
70 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 7,0757.1k $376.4k $376.4k 0.00% Unchanged
71 WEALTHGARDEN F.S. LLC 0.20% of their portfolio EL SEGUNDO, CA 6,6746.7k $355.1k $355.1k 0.20% Unchanged
72 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 6,5736.6k $349.7k $349.7k 0.01% Unchanged
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,5546.6k $351.4k $351.4k 0.00% Unchanged
74 COFG Advisors, LLC 0.06% of their portfolio OAK BROOK, IL 6,4236.4k $341.7k $341.7k 0.06% Unchanged
75 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 6,3166.3k $336.0k $336.0k 0.00% Unchanged
76 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,2816.3k $334.2k $334.2k 0.01% Reduced -100 -100
77 Fragasso Financial Advisors Inc 0.02% of their portfolio SEWICKLEY, PA 6,1256.1k $325.9k $325.9k 0.02% Reduced -487 -487
78 Wheelhouse Advisory Group LLC 0.09% of their portfolio ST. LOUIS, MO 6,0206.0k $320.3k $320.3k 0.09% Unchanged
79 Grantvest Financial Group LLC 0.19% of their portfolio MATAWAN, NJ 6,0156.0k $320.0k $320.0k 0.19% Unchanged
80 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,5805.6k $296.9k $296.9k 0.00% Added +25 +25
81 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 5,5555.6k $295.5k $295.5k 0.01% Unchanged
82 Dana Investment Advisors, Inc. 0.01% of their portfolio BROOKFIELD, WI 5,5485.5k $295.2k $295.2k 0.01% New
83 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 5,2375.2k $278.6k $278.6k 0.01% Reduced -4.1k -4,065
84 Waterloo Capital, L.P. 0.02% of their portfolio AUSTIN, TX 5,2035.2k $276.8k $276.8k 0.02% Unchanged
85 Optimist Retirement Group LLC 0.11% of their portfolio BELLEVUE, WA 5,1715.2k $275.1k $275.1k 0.11% Unchanged
86 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,1005.1k $271.3k $271.3k 0.00% Unchanged
87 FWG Investments, LLC. 0.14% of their portfolio LEXINGTON, KY 4,8674.9k $258.9k $258.9k 0.14% Reduced -6.8k -6,828
88 Orion Capital Management LLC 0.08% of their portfolio CORONADO, CA 4,7004.7k $250.1k $250.1k 0.08% Unchanged
89 Commerce Advisors, LLC 0.13% of their portfolio MEMPHIS, TN 4,6504.7k $247.4k $247.4k 0.13% Unchanged
90 Wood Tarver Financial Group, LLC 0.06% of their portfolio BOISE, ID 4,5714.6k $243.0k $243.0k 0.06% New
91 Kathmere Capital Management, LLC 0.01% of their portfolio WAYNE, PA 4,5444.5k $241.8k $241.8k 0.01% Unchanged
92 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 4,4054.4k $234.4k $234.4k 0.00% Unchanged
93 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 4,2524.3k $226.2k $226.2k 0.00% Reduced -365 -365
94 COLTON GROOME FINANCIAL ADVISORS, LLC 0.05% of their portfolio ASHEVILLE, NC 4,1474.1k $220.6k $220.6k 0.05% New
95 Seros Financial, LLC 0.11% of their portfolio TEMPE, AZ 4,0674.1k $216.4k $216.4k 0.11% Reduced -510 -510
96 Share Andrew L. 0.11% of their portfolio MANCHESTER, NH 4,0004.0k $212.8k $212.8k 0.11% New
97 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 3,9123.9k $208.1k $208.1k 0.00% New
98 Main Street Financial Solutions, LLC 0.01% of their portfolio NEWTOWN, PA 3,8653.9k $205.6k $205.6k 0.01% New
99 Blue Water Asset Management 0.07% of their portfolio GRAND RAPIDS, MI 3,7923.8k $201.7k $201.7k 0.07% New
100 WealthShield Partners, LLC 0.03% of their portfolio CARY, NC 3,6173.6k $192.4k $192.4k 0.03% Unchanged