Vault-13

INNOVATOR ETFS TRUST BSEP

US EQTY BUF SEP · ETP · CUSIP 45782C664

102 institutional holders +4 vs Q1 2025
2,623,3812.6m shares reported held*
$118.5mreported value*
9 new 12 added 40 reduced 6 sold out net sold ≈ $7.3m (-181.9k 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 ≈ $45.16.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 81Q4 22: 83Q1 23: 88Q2 23: 82Q3 23: 85Q4 23: 95Q1 24: 97Q2 24: 97Q3 24: 98Q4 24: 108Q1 25: 98Q2 25: 102102Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202281
Q4 202283
Q1 202388
Q2 202382
Q3 202385
Q4 202395
Q1 202497
Q2 202497
Q3 202498
Q4 2024108
Q1 202598
Q2 2025102

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 42 bought or addedQ3 23: 35 cut or sold outQ4 23: 30 bought or addedQ4 23: 32 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 53 cut or sold outQ2 24: 13 bought or addedQ2 24: 51 cut or sold outQ2 24Q3 24: 53 bought or addedQ3 24: 33 cut or sold outQ4 24: 22 bought or addedQ4 24: 49 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 49 cut or sold outQ2 25: 21 bought or addedQ2 25: 46 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234235
Q4 20233032
Q1 20242153
Q2 20241351
Q3 20245333
Q4 20242249
Q1 20252049
Q2 20252146

Biggest buyers

OLD MISSION CAPITAL LLC New +22,374+22.4k
CITADEL ADVISORS LLC Added +7,326+7.3k
Cerity Partners LLC Added +7,126+7.1k
Kestra Advisory Services, LLC Added +6,234+6.2k
Sunbelt Securities, Inc. New +5,995+6.0k
GTS SECURITIES LLC New +5,249+5.2k
Foundations Investment Advisors, LLC New +4,774+4.8k
Kathmere Capital Management, LLC New +4,719+4.7k
WOLVERINE TRADING, LLC New +4,683+4.7k
SageView Advisory Group, LLC New +4,465+4.5k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -44,939-44.9k
Richard P Slaughter Associates Inc Reduced -37,226-37.2k
Concurrent Investment Advisors, LLC Reduced -36,362-36.4k
Penserra Capital Management LLC Reduced -28,130-28.1k
Legacy Advisors, LLC Sold out -20,218-20.2k
Sageworth Trust Co Reduced -17,276-17.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -9,894-9.9k
TOWNSQUARE CAPITAL LLC Sold out -8,261-8.3k
GOLDMAN SACHS GROUP INC Sold out -7,640-7.6k
U.S. Capital Wealth Advisors, LLC Sold out -6,822-6.8k

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.

HolderStakeChangeShares Last filed
Brookstone Capital Management 13G · institution +11.4 pts · filed 2026-10-02 12.0% +11.4 pts 1.0m≈ $54.0m 2026-10-02

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Penserra Capital Management LLC 0.24% of their portfolio ORINDA, CA 387,140387.1k $17.5m $17.5m 0.24% Reduced -28.1k -28,130
2 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 302,655302.7k $13.7m $13.7m 0.02% Reduced -4.0k -4,033
3 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 226,319226.3k $10.2m $10.2m 0.02% Reduced -44.9k -44,939
4 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 161,088161.1k $7.3m $7.3m 0.01% Added +7.1k +7,126
5 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 84,82984.8k $3.8m $3.8m 0.02% Added +6.2k +6,234
6 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 75,12775.1k $3.4m $3.4m 0.00% Added +2.7k +2,661
7 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 69,23469.2k $3.1m $3.1m 0.01% Reduced -5.7k -5,728
8 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 64,97565.0k $2.9m $2.9m 0.00% Reduced -1.3k -1,258
9 Lantz Financial LLC 0.70% of their portfolio NAPERVILLE, IL 62,07062.1k $2.8m $2.8m 0.70% Reduced -76 -76
10 Diligent Investors, LLC 0.60% of their portfolio REDLANDS, CA 55,89355.9k $2.5m $2.5m 0.60% Reduced -2.0k -2,031
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 42,28642.3k $1.9m $1.9m 0.00% Added +1.4k +1,414
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 41,85141.9k $1.9m $1.9m 0.00% Reduced -4.5k -4,481
13 Richard P Slaughter Associates Inc 0.38% of their portfolio AUSTIN, TX 40,83640.8k $1.8m $1.8m 0.38% Reduced -37.2k -37,226
14 WealthPLAN Partners, LLC 0.27% of their portfolio OMAHA, NE 37,71137.7k $1.7m $1.7m 0.27% Reduced -846 -846
15 DHJJ Financial Advisors, Ltd. 0.57% of their portfolio NAPERVILLE, IL 35,16535.2k $1.6m $1.6m 0.57% Reduced -934 -934
16 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.26% of their portfolio BLUE BELL, PA 34,84134.8k $1.6m $1.6m 0.26% Reduced -193 -193
17 FSA Advisors, Inc. 1.21% of their portfolio TROY, MI 32,97233.0k $1.5m $1.5m 1.21% Reduced -398 -398
18 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 32,00132.0k $1.4m $1.4m 0.04% Unchanged
19 Sageworth Trust Co 0.07% of their portfolio LANCASTER, PA 28,01228.0k $1.3m $1.3m 0.07% Reduced -17.3k -17,276
20 Maltin Wealth Management, Inc. 0.53% of their portfolio RIDGEWOOD, NJ 26,28726.3k $1.2m $1.2m 0.53% Unchanged
21 THOROUGHBRED FINANCIAL SERVICES, LLC 0.08% of their portfolio BRENTWOOD, TN 25,27425.3k $1.1m $1.1m 0.08% Reduced -3.1k -3,149
22 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 24,34224.3k $1.1m $1.1m 0.00% Reduced -124 -124
23 INTEGRAL INVESTMENT ADVISORS, INC. 0.31% of their portfolio TURLOCK, CA 24,31224.3k $1.1m $1.1m 0.31% Unchanged
24 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 22,71322.7k $1.0m $1.0m 0.01% Unchanged
25 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 22,55522.6k $1.0m $1.0m 0.00% Reduced -50 -50
26 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 22,37422.4k $1.0m $1.0m 0.03% New
27 My Personal CFO, LLC 0.46% of their portfolio VANCOUVER, WA 22,18022.2k $1.0m $1.0m 0.46% Unchanged
28 Strategic Blueprint, LLC 0.05% of their portfolio ATLANTA, GA 21,85421.9k $987.0k $987.0k 0.05% Reduced -4.5k -4,532
29 Wood Tarver Financial Group, LLC 0.29% of their portfolio BOISE, ID 21,45321.5k $968.0k $968.0k 0.29% Reduced -23 -23
30 Outlook Wealth Advisors, LLC 0.24% of their portfolio SHENANDOAH, TX 21,05021.1k $950.7k $950.7k 0.24% Reduced -139 -139
31 First Commonwealth Financial Corp /PA/ 0.20% of their portfolio Indiana, PA 20,10920.1k $908.2k $908.2k 0.20% Added +3.8k +3,764
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,88818.9k $853.1k $853.1k 0.00% Added +7.3k +7,326
33 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 18,13718.1k $819.1k $819.1k 0.01% Added +4.0k +3,970
34 Garden State Investment Advisory Services LLC 0.20% of their portfolio Red Bank, NJ 16,05016.1k $724.9k $724.9k 0.20% Unchanged
35 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 16,00416.0k $722.8k $722.8k 0.01% Reduced -1.3k -1,299
36 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 15,86015.9k $716.3k $716.3k 0.01% Reduced -36.4k -36,362
37 Three Seasons Wealth, LLC 0.08% of their portfolio SALT LAKE CITY, UT 15,48515.5k $699.4k $699.4k 0.08% Unchanged
38 Fragasso Financial Advisors Inc 0.04% of their portfolio SEWICKLEY, PA 14,68814.7k $663.4k $663.4k 0.04% Reduced -6.8k -6,809
39 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 14,28014.3k $644.9k $644.9k 0.00% Unchanged
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,88613.9k $627.1k $627.1k 0.00% Added +3.5k +3,504
41 Clear Point Advisors Inc. 0.52% of their portfolio MELVILLE, NY 13,64913.6k $616.4k $616.4k 0.52% Unchanged
42 Pinnacle Wealth Management Group, Inc. 0.35% of their portfolio PLYMOUTH, MI 13,63013.6k $615.6k $615.6k 0.35% Reduced -1.2k -1,200
43 Arax Advisory Partners 0.03% of their portfolio NEW YORK, NY 12,93112.9k $584.0k $584.0k 0.03% Reduced -743 -743
44 Berkshire Money Management, Inc. 0.06% of their portfolio DALTON, MA 12,68712.7k $573.0k $573.0k 0.06% Unchanged
45 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 12,57012.6k $567.7k $567.7k 0.01% Unchanged
46 Bellwether Advisors, LLC 0.10% of their portfolio LINCOLN, NE 12,38312.4k $559.3k $559.3k 0.10% Unchanged
47 WCG Wealth Advisors LLC 0.04% of their portfolio LAS VEGAS, NV 12,18612.2k $550.4k $550.4k 0.04% Unchanged
48 Chicago Partners Investment Group LLC 0.02% of their portfolio CHICAGO, IL 12,01512.0k $553.2k $553.2k 0.02% Reduced -1.9k -1,931
49 Beacon Financial Advisory LLC 0.14% of their portfolio CLEVELAND, OH 11,86011.9k $535.6k $535.6k 0.14% Reduced -1.1k -1,120
50 Lion Street Advisors, LLC 0.16% of their portfolio Austin, TX 11,84611.8k $535.0k $535.0k 0.16% Unchanged
51 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,79811.8k $533.0k $533.0k 0.00% Reduced -1.6k -1,580
52 Secure Asset Management, LLC 0.09% of their portfolio Troy, MI 10,85610.9k $490.3k $490.3k 0.09% Reduced -25 -25
53 BCS Wealth Management 0.10% of their portfolio JOHNSON CITY, TN 10,16810.2k $459.0k $459.0k 0.10% Reduced -1.5k -1,518
54 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 10,07910.1k $455.2k $455.2k 0.01% Reduced -322 -322
55 BCGM Wealth Management, LLC 0.13% of their portfolio LAFAYETTE, IN 10,00010.0k $451.6k $451.6k 0.13% Unchanged
56 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 9,7799.8k $441.7k $441.7k 0.01% Unchanged
57 Retirement Planning Group, LLC 0.02% of their portfolio LEAWOOD, KS 9,4829.5k $428.2k $428.2k 0.02% Unchanged
58 IMG Wealth Management, Inc. 0.32% of their portfolio JACKSONVILLE, FL 9,2309.2k $416.9k $416.9k 0.32% Reduced -639 -639
59 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 9,2299.2k $416.8k $416.8k 0.01% Reduced -3.4k -3,361
60 Lewis Asset Management, LLC 0.20% of their portfolio LAFAYETTE, CA 9,2069.2k $415.8k $415.8k 0.20% Unchanged
61 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,8948.9k $401.7k $401.7k 0.00% Added +50 +50
62 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 8,3458.3k $376.9k $376.9k 0.03% Unchanged
63 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,0728.1k $364.6k $364.6k 0.01% Reduced -55 -55
64 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 7,1497.1k $322.9k $322.9k 0.00% Reduced -9.9k -9,894
65 Financial Network Wealth Advisors LLC 0.38% of their portfolio MURRAY, UT 6,9146.9k $312.3k $312.3k 0.38% Unchanged
66 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 6,6716.7k $301.3k $301.3k 0.01% Unchanged
67 Vantage Financial Partners, LLC 0.07% of their portfolio ELM GROVE, WI 6,6486.6k $300.3k $300.3k 0.07% Reduced -2.9k -2,892
68 Share Andrew L. 0.20% of their portfolio MANCHESTER, NH 6,4806.5k $292.7k $292.7k 0.20% Unchanged
69 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 6,3796.4k $288.1k $288.1k 0.01% Added +2 +2
70 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.02% of their portfolio Westlake, OH 6,2936.3k $284.2k $284.2k 0.02% Unchanged
71 Sunbelt Securities, Inc. 0.02% of their portfolio HOUSTON, TX 5,9956.0k $257.2k $257.2k 0.02% New
72 Soltis Investment Advisors LLC 0.02% of their portfolio ST. GEORGE, UT 5,6835.7k $256.7k $256.7k 0.02% Unchanged
73 Valtinson Bruner Financial Planning LLC 0.08% of their portfolio NEW BRIGHTON, MN 5,6125.6k $253.5k $253.5k 0.08% Unchanged
74 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 5,3285.3k $240.6k $240.6k 0.00% Unchanged
75 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 5,2525.3k $237.2k $237.2k 0.01% Reduced -376 -376
76 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 5,2495.2k $237.1k $237.1k 0.01% New
77 Syntegra Private Wealth Group, LLC 0.02% of their portfolio Chesterfield, MO 5,2335.2k $236.3k $236.3k 0.02% Unchanged
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,0005.0k $225.8k $225.8k 0.00% Added +4.4k +4,425
79 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 4,7744.8k $215.6k $215.6k 0.00% New
80 Kathmere Capital Management, LLC 0.02% of their portfolio WAYNE, PA 4,7194.7k $213.1k $213.1k 0.02% New
81 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 4,6834.7k $210.6k $210.6k 0.01% New
82 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 4,4654.5k $206.6k $206.6k 0.01% New
83 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,3784.4k $197.7k $197.7k 0.00% Added +2.2k +2,173
84 Compass Financial Services Inc 0.09% of their portfolio WEST DES MOINES, IA 4,0624.1k $183.5k $183.5k 0.09% Unchanged
85 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 3,0793.1k $139.1k $139.1k 0.01% Reduced -5 -5
86 Weaver Capital Management LLC 0.03% of their portfolio SUWANEE, GA 3,0043.0k $135.7k $135.7k 0.03% Unchanged
87 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 2,7022.7k $122.0k $122.0k 0.01% Reduced -602 -602
88 Cape Investment Advisory, Inc. 0.04% of their portfolio MCDONOUGH, GA 2,1382.1k $96.6k $96.6k 0.04% Unchanged
89 Global Trust Asset Management, LLC 0.05% of their portfolio PALM BEACH GARDENS, FL 2,0002.0k $90.3k $90.3k 0.05% Unchanged
90 Archer Investment Corp 0.02% of their portfolio Carmel, IN 1,9041.9k $86.0k $86.0k 0.02% Unchanged
91 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 1,8451.8k $83.3k $83.3k 0.01% Reduced -575 -575
92 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,3781.4k $62.2k $62.2k 0.00% Unchanged
93 Orion Capital Management LLC 0.02% of their portfolio CORONADO, CA 1,3601.4k $61.4k $61.4k 0.02% Unchanged
94 Physician Wealth Advisors, Inc. 0.01% of their portfolio MIDVALE, UT 1,0551.1k $47.6k $47.6k 0.01% Unchanged
95 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,0001.0k $45.2k $45.2k 0.00% Unchanged
96 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 511511 $23.1k $23.1k 0.00% Unchanged
97 CHAPMAN FINANCIAL GROUP, LLC 0.01% of their portfolio KAILUA, HI 300300 $13.6k $13.6k 0.01% First filing
98 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 207207 $9.3k $9.3k 0.00% Unchanged
99 CWM, LLC 0.00% of their portfolio OMAHA, NE 110110 $5.0k $5.0k 0.00% New
100 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 9090 $4.1k $4.1k 0.00% Unchanged