Vault-13

INNOVATOR ETFS TRUST BSEP

US EQTY BUF SEP · ETP · CUSIP 45782C664

115 institutional holders +12 vs Q3 2025
3,836,7623.8m shares reported held*
$189.0mreported value*
13 new 18 added 47 reduced 4 sold out net sold ≈ $8.4m (-171.4k 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 ≈ $49.25.

Trends to Q4 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: 102Q3 25: 103Q4 25: 115115Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025103
Q4 2025115

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 54 bought or addedQ3 25: 33 cut or sold outQ4 25: 31 bought or addedQ4 25: 51 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242153
Q2 20241351
Q3 20245333
Q4 20242249
Q1 20252049
Q2 20252146
Q3 20255433
Q4 20253151

Biggest buyers

First Heartland Consultants, Inc. New +43,207+43.2k
Atria Investments, Inc New +39,844+39.8k
Brookstone Capital Management Added +31,368+31.4k
OLD MISSION CAPITAL LLC Added +25,411+25.4k
My Personal CFO, LLC New +23,610+23.6k
Legacy Advisors, LLC New +23,537+23.5k
GTS SECURITIES LLC New +17,213+17.2k
INTEGRITY ALLIANCE, LLC. New +16,739+16.7k
Arax Advisory Partners New +12,497+12.5k
GWN SECURITIES INC. Added +10,552+10.6k

Biggest sellers

CITADEL ADVISORS LLC Reduced -244,190-244.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -61,509-61.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -37,273-37.3k
Penserra Capital Management LLC Reduced -17,631-17.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -17,382-17.4k
OSAIC HOLDINGS, INC. Reduced -14,752-14.8k
JANE STREET GROUP, LLC Sold out -12,570-12.6k
Strategic Blueprint, LLC Reduced -6,283-6.3k
LPL Financial LLC Reduced -6,195-6.2k
HARBOUR INVESTMENTS, INC. Reduced -5,653-5.7k

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookstone Capital Management 0.33% of their portfolio WHEATON, IL 592,519592.5k $29.2m $29.2m 0.33% Added +31.4k +31,368
2 Outlook Wealth Advisors, LLC 4.49% of their portfolio SHENANDOAH, TX 402,787402.8k $19.8m $19.8m 4.49% Reduced -2.9k -2,888
3 Penserra Capital Management LLC 0.22% of their portfolio ORINDA, CA 374,189374.2k $18.4m $18.4m 0.22% Reduced -17.6k -17,631
4 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 228,010228.0k $11.2m $11.2m 0.01% Reduced -61.5k -61,509
5 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 222,755222.8k $11.0m $11.0m 0.02% Reduced -14.8k -14,752
6 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 179,577179.6k $8.8m $8.8m 0.01% Added +539 +539
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 96,28896.3k $4.7m $4.7m 0.00% Added +805 +805
8 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 87,18487.2k $4.3m $4.3m 0.00% Reduced -2.4k -2,419
9 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 78,51378.5k $3.9m $3.9m 0.02% Reduced -95 -95
10 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 72,66772.7k $3.6m $3.6m 0.00% Unchanged
11 Lantz Financial LLC 0.66% of their portfolio NAPERVILLE, IL 63,54563.5k $3.1m $3.1m 0.66% Reduced -317 -317
12 Diligent Investors, LLC 0.64% of their portfolio REDLANDS, CA 52,44952.4k $2.6m $2.6m 0.64% Reduced -4.1k -4,062
13 INTEGRAL INVESTMENT ADVISORS, INC. 0.58% of their portfolio TURLOCK, CA 47,53747.5k $2.3m $2.3m 0.58% Reduced -75 -75
14 First Heartland Consultants, Inc. 0.16% of their portfolio LAKE ST. LOUIS, MO 43,20743.2k $2.1m $2.1m 0.16% New
15 GWN SECURITIES INC. 0.42% of their portfolio Palm Beach Gardens, FL 42,26242.3k $2.1m $2.1m 0.42% Added +10.6k +10,552
16 OLD MISSION CAPITAL LLC 0.08% of their portfolio CHICAGO, IL 40,51640.5k $2.0m $2.0m 0.08% Added +25.4k +25,411
17 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 39,84439.8k $2.0m $2.0m 0.02% New
18 WealthPLAN Partners, LLC 0.28% of their portfolio OMAHA, NE 38,36338.4k $1.9m $1.9m 0.28% Reduced -13 -13
19 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.26% of their portfolio BLUE BELL, PA 35,95136.0k $1.8m $1.8m 0.26% Added +2.3k +2,312
20 DHJJ Financial Advisors, Ltd. 0.58% of their portfolio NAPERVILLE, IL 35,70035.7k $1.8m $1.8m 0.58% Reduced -343 -343
21 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 32,97633.0k $1.6m $1.6m 0.04% Unchanged
22 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 32,88432.9k $1.6m $1.6m 0.00% Reduced -6.2k -6,195
23 FSA Advisors, Inc. 1.09% of their portfolio TROY, MI 31,70531.7k $1.6m $1.6m 1.09% Reduced -446 -446
24 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 31,50931.5k $1.6m $1.6m 0.00% Added +1.6k +1,614
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 29,54029.5k $1.5m $1.5m 0.00% Reduced -37.3k -37,273
26 DAYMARK WEALTH PARTNERS, LLC 0.04% of their portfolio CINCINNATI, OH 26,27126.3k $1.3m $1.3m 0.04% Unchanged
27 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 26,16326.2k $1.3m $1.3m 0.01% Reduced -75 -75
28 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 24,39424.4k $1.2m $1.2m 0.01% Added +616 +616
29 Maltin Wealth Management, Inc. 0.47% of their portfolio RIDGEWOOD, NJ 23,83423.8k $1.2m $1.2m 0.47% Reduced -2.5k -2,453
30 My Personal CFO, LLC 0.49% of their portfolio VANCOUVER, WA 23,61023.6k $1.2m $1.2m 0.49% New
31 Sageworth Trust Co 0.05% of their portfolio LANCASTER, PA 23,53723.5k $1.2m $1.2m 0.05% Unchanged
32 Legacy Advisors, LLC 0.12% of their portfolio PLYMOUTH MEETING, PA 23,53723.5k $1.2m $1.2m 0.12% New
33 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 22,88322.9k $1.1m $1.1m 0.00% Added +2.0k +1,970
34 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 22,81722.8k $1.1m $1.1m 0.02% Added +737 +737
35 First Commonwealth Financial Corp /PA/ 0.18% of their portfolio Indiana, PA 22,51922.5k $1.1m $1.1m 0.18% Reduced -76 -76
36 Global Assets Advisory, LLC 0.31% of their portfolio ORLANDO, FL 22,27422.3k $1.1m $1.1m 0.31% Reduced -100 -100
37 Wood Tarver Financial Group, LLC 0.30% of their portfolio BOISE, ID 21,53821.5k $1.1m $1.1m 0.30% Added +54 +54
38 COFG Advisors, LLC 0.26% of their portfolio OAK BROOK, IL 21,10121.1k $1.0m $1.0m 0.26% First filing
39 Chris Bulman Inc 0.44% of their portfolio ROSEVILLE, CA 20,15420.2k $992.6k $992.6k 0.44% Added +1.2k +1,231
40 BCS Wealth Management 0.10% of their portfolio JOHNSON CITY, TN 19,82819.8k $976.5k $976.5k 0.10% Added +9.0k +8,981
41 THOROUGHBRED FINANCIAL SERVICES, LLC 0.05% of their portfolio BRENTWOOD, TN 18,83618.8k $927.0k $927.0k 0.05% Reduced -1.4k -1,431
42 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 17,21317.2k $847.7k $847.7k 0.03% New
43 TopTier Wealth Management, LLC 0.57% of their portfolio MUSKEGO, WI 17,16317.2k $845.3k $845.3k 0.57% First filing
44 INTEGRITY ALLIANCE, LLC. 0.03% of their portfolio Urbandale, IA 16,73916.7k $824.4k $824.4k 0.03% New
45 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 16,62516.6k $818.8k $818.8k 0.04% Reduced -45 -45
46 Garden State Investment Advisory Services LLC 0.19% of their portfolio Red Bank, NJ 16,05016.1k $790.5k $790.5k 0.19% Unchanged
47 Strategic Blueprint, LLC 0.05% of their portfolio ATLANTA, GA 15,49615.5k $763.2k $763.2k 0.05% Reduced -6.3k -6,283
48 Fragasso Financial Advisors Inc 0.05% of their portfolio SEWICKLEY, PA 15,12315.1k $744.8k $744.8k 0.05% Reduced -477 -477
49 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 15,01615.0k $739.5k $739.5k 0.01% Reduced -270 -270
50 Pinnacle Wealth Management Group, Inc. 0.35% of their portfolio PLYMOUTH, MI 14,03014.0k $691.0k $691.0k 0.35% Unchanged
51 Clear Point Advisors Inc. 0.52% of their portfolio MELVILLE, NY 13,64913.6k $672.2k $672.2k 0.52% Unchanged
52 Berkshire Money Management, Inc. 0.06% of their portfolio DALTON, MA 12,68712.7k $624.8k $624.8k 0.06% Unchanged
53 Three Seasons Wealth, LLC 0.06% of their portfolio SALT LAKE CITY, UT 12,59012.6k $620.1k $620.1k 0.06% Unchanged
54 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 12,49712.5k $615.5k $615.5k 0.02% New
55 WCG Wealth Advisors LLC 0.02% of their portfolio LAS VEGAS, NV 12,18612.2k $600.2k $600.2k 0.02% Unchanged
56 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,02312.0k $592.0k $592.0k 0.00% Added +125 +125
57 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 11,72911.7k $577.6k $577.6k 0.02% Reduced -2.5k -2,519
58 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 10,87210.9k $540.2k $540.2k 0.01% Reduced -1.1k -1,143
59 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 10,65210.7k $524.6k $524.6k 0.01% Reduced -15 -15
60 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,42210.4k $513.3k $513.3k 0.00% Reduced -244.2k -244,190
61 Bellwether Advisors, LLC 0.08% of their portfolio LINCOLN, NE 10,30210.3k $507.4k $507.4k 0.08% Reduced -2.1k -2,081
62 BCGM Wealth Management, LLC 0.13% of their portfolio LAFAYETTE, IN 10,00010.0k $492.5k $492.5k 0.13% Unchanged
63 Secure Asset Management, LLC 0.08% of their portfolio Troy, MI 9,8689.9k $486.0k $486.0k 0.08% Reduced -884 -884
64 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 9,8299.8k $484.1k $484.1k 0.01% Unchanged
65 Vantage Financial Partners, LLC 0.09% of their portfolio ELM GROVE, WI 9,4999.5k $467.8k $467.8k 0.09% Reduced -104 -104
66 Retirement Planning Group, LLC 0.02% of their portfolio LEAWOOD, KS 9,4189.4k $463.8k $463.8k 0.02% Reduced -64 -64
67 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 9,2409.2k $455.1k $455.1k 0.03% New
68 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 9,2299.2k $454.5k $454.5k 0.01% Unchanged
69 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 9,1529.2k $450.7k $450.7k 0.01% Reduced -288 -288
70 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 9,1309.1k $449.7k $449.7k 0.01% Reduced -303 -303
71 Caliber Wealth Management, LLC / KS 0.05% of their portfolio Overland Park, KS 8,9238.9k $439.5k $439.5k 0.05% Unchanged
72 Lewis Asset Management, LLC 0.17% of their portfolio LAFAYETTE, CA 8,5308.5k $420.1k $420.1k 0.17% Reduced -232 -232
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 7,4027.4k $364.5k $364.5k 0.00% Reduced -17.4k -17,382
74 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 7,1037.1k $349.8k $349.8k 0.01% Reduced -5.7k -5,653
75 Weaver Consulting Group 0.09% of their portfolio HUNTINGTON BEACH, CA 7,0957.1k $349.4k $349.4k 0.09% Reduced -160 -160
76 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,7936.8k $334.6k $334.6k 0.01% Added +748 +748
77 Financial Network Wealth Advisors LLC 0.34% of their portfolio MURRAY, UT 6,6006.6k $325.1k $325.1k 0.34% Reduced -314 -314
78 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 6,5496.5k $322.5k $322.5k 0.00% Reduced -1.6k -1,566
79 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.02% of their portfolio Westlake, OH 6,2936.3k $309.9k $309.9k 0.02% Unchanged
80 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 6,2146.2k $306.0k $306.0k 0.00% New
81 Trek Financial, LLC 0.02% of their portfolio Scottsdale, AZ 6,1506.2k $302.9k $302.9k 0.02% Unchanged
82 IMG Wealth Management, Inc. 0.19% of their portfolio JACKSONVILLE, FL 6,0426.0k $297.6k $297.6k 0.19% Reduced -108 -108
83 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6,0406.0k $297.5k $297.5k 0.00% Added +16 +16
84 Beacon Financial Advisory LLC 0.07% of their portfolio CLEVELAND, OH 5,8345.8k $287.3k $287.3k 0.07% Reduced -938 -938
85 Soltis Investment Advisors LLC 0.02% of their portfolio ST. GEORGE, UT 5,6835.7k $279.9k $279.9k 0.02% Unchanged
86 Valtinson Bruner Financial Planning LLC 0.08% of their portfolio NEW BRIGHTON, MN 5,6335.6k $277.4k $277.4k 0.08% Added +21 +21
87 EVOLUTION WEALTH MANAGEMENT INC. 0.21% of their portfolio FORT MYERS, FL 5,2565.3k $258.9k $258.9k 0.21% Unchanged
88 Syntegra Private Wealth Group, LLC 0.02% of their portfolio Chesterfield, MO 5,2335.2k $257.7k $257.7k 0.02% Unchanged
89 Summit Wealth Partners, LLC 0.04% of their portfolio Orlando, FL 4,7134.7k $232.1k $232.1k 0.04% Unchanged
90 Kathmere Capital Management, LLC 0.02% of their portfolio WAYNE, PA 4,6134.6k $227.2k $227.2k 0.02% Reduced -103 -103
91 Share Andrew L. 0.11% of their portfolio MANCHESTER, NH 4,3804.4k $215.7k $215.7k 0.11% Reduced -2.1k -2,100
92 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 4,3464.3k $214.0k $214.0k 0.01% Unchanged
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 4,3164.3k $214.3k $214.3k 0.00% Unchanged
94 Sugar Maple Asset Management, LLC 0.14% of their portfolio SISTER BAY, WI 4,2484.2k $209.2k $209.2k 0.14% Unchanged
95 MTM FINANCIAL GROUP, LLC 0.10% of their portfolio BETHLEHEM, PA 4,1554.2k $204.6k $204.6k 0.10% Unchanged
96 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,0624.1k $200.1k $200.1k 0.00% New
97 Compass Financial Services Inc 0.09% of their portfolio WEST DES MOINES, IA 4,0624.1k $200.1k $200.1k 0.09% Unchanged
98 OPTIMA CAPITAL LLC 0.07% of their portfolio PORTLAND, OR 3,4003.4k $167.4k $167.4k 0.07% New
99 Weaver Capital Management LLC 0.03% of their portfolio SUWANEE, GA 3,0043.0k $147.9k $147.9k 0.03% Unchanged
100 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 2,9803.0k $146.8k $146.8k 0.01% Reduced -1.3k -1,304