Vault-13

INNOVATOR ETFS TRUST BSEP

US EQTY BUF SEP · ETP · CUSIP 45782C664

99 institutional holders -16 vs Q4 2025
2,796,5842.8m shares reported held*
$134.5mreported value*
5 new 11 added 42 reduced 20 sold out net sold ≈ $49.6m (-1.0m 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 ≈ $48.09.

Trends to Q1 2026

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: 115Q1 26: 9999Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202699

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 13 bought or addedQ2 24: 51 cut or sold outQ3 24: 53 bought or addedQ3 24: 33 cut or sold outQ3 24Q4 24: 22 bought or addedQ4 24: 49 cut or sold outQ1 25: 20 bought or addedQ1 25: 49 cut or sold outQ1 25Q2 25: 21 bought or addedQ2 25: 46 cut or sold outQ3 25: 54 bought or addedQ3 25: 33 cut or sold outQ3 25Q4 25: 31 bought or addedQ4 25: 51 cut or sold outQ1 26: 16 bought or addedQ1 26: 62 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241351
Q3 20245333
Q4 20242249
Q1 20252049
Q2 20252146
Q3 20255433
Q4 20253151
Q1 20261662

Biggest buyers

Penserra Capital Management LLC Added +41,553+41.6k
ENVESTNET ASSET MANAGEMENT INC Added +33,073+33.1k
Kestra Advisory Services, LLC Added +17,095+17.1k
Ashton Thomas Private Wealth, LLC New +3,364+3.4k
Cetera Investment Advisers Added +2,708+2.7k
Advisory Services Network, LLC New +2,443+2.4k
Merit Financial Group, LLC Added +1,275+1.3k
First Commonwealth Financial Corp /PA/ Added +860+860
LANARK FINANCIAL, INC. New +583+583
ASSETMARK, INC New +300+300

Biggest sellers

Brookstone Capital Management Reduced -566,059-566.1k
OSAIC HOLDINGS, INC. Reduced -103,750-103.8k
Outlook Wealth Advisors, LLC Reduced -84,767-84.8k
First Heartland Consultants, Inc. Sold out -43,207-43.2k
Atria Investments, Inc Sold out -39,844-39.8k
OLD MISSION CAPITAL LLC Reduced -28,614-28.6k
DAYMARK WEALTH PARTNERS, LLC Sold out -26,271-26.3k
Legacy Advisors, LLC Sold out -23,537-23.5k
Sageworth Trust Co Sold out -23,537-23.5k
Arkadios Wealth Advisors Sold out -22,817-22.8k

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Penserra Capital Management LLC 0.23% of their portfolio ORINDA, CA 415,742415.7k $20.0m $20.0m 0.23% Added +41.6k +41,553
2 Outlook Wealth Advisors, LLC 3.70% of their portfolio SHENANDOAH, TX 318,020318.0k $15.3m $15.3m 3.70% Reduced -84.8k -84,767
3 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 227,093227.1k $10.9m $10.9m 0.02% Reduced -917 -917
4 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 176,182176.2k $8.5m $8.5m 0.01% Reduced -3.4k -3,395
5 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 119,005119.0k $5.7m $5.7m 0.01% Reduced -103.8k -103,750
6 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 95,60895.6k $4.6m $4.6m 0.02% Added +17.1k +17,095
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 92,72392.7k $4.5m $4.5m 0.00% Reduced -3.6k -3,565
8 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 89,89289.9k $4.3m $4.3m 0.00% Added +2.7k +2,708
9 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 72,66772.7k $3.5m $3.5m 0.00% Unchanged
10 Lantz Financial LLC 0.63% of their portfolio NAPERVILLE, IL 63,47263.5k $3.1m $3.1m 0.63% Reduced -73 -73
11 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 62,61362.6k $3.0m $3.0m 0.00% Added +33.1k +33,073
12 Diligent Investors, LLC 0.62% of their portfolio REDLANDS, CA 52,44952.4k $2.5m $2.5m 0.62% Unchanged
13 INTEGRAL INVESTMENT ADVISORS, INC. 0.57% of their portfolio TURLOCK, CA 47,53747.5k $2.3m $2.3m 0.57% Unchanged
14 GWN SECURITIES INC. 0.38% of their portfolio Palm Beach Gardens, FL 41,83241.8k $2.0m $2.0m 0.38% Reduced -430 -430
15 WealthPLAN Partners, LLC 0.36% of their portfolio OMAHA, NE 38,21038.2k $1.8m $1.8m 0.36% Reduced -153 -153
16 DHJJ Financial Advisors, Ltd. 0.56% of their portfolio NAPERVILLE, IL 35,37235.4k $1.7m $1.7m 0.56% Reduced -328 -328
17 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.24% of their portfolio BLUE BELL, PA 35,29235.3k $1.7m $1.7m 0.24% Reduced -659 -659
18 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 32,97633.0k $1.6m $1.6m 0.04% Unchanged
19 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,81231.8k $1.5m $1.5m 0.00% Reduced -1.1k -1,072
20 FSA Advisors, Inc. 0.99% of their portfolio TROY, MI 31,35531.4k $1.5m $1.5m 0.99% Reduced -350 -350
21 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 26,46026.5k $1.3m $1.3m 0.01% Reduced -566.1k -566,059
22 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 24,39424.4k $1.2m $1.2m 0.01% Unchanged
23 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 24,35624.4k $1.2m $1.2m 0.00% Reduced -7.2k -7,153
24 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 24,18024.2k $1.2m $1.2m 0.01% Reduced -2.0k -1,983
25 Maltin Wealth Management, Inc. 0.44% of their portfolio RIDGEWOOD, NJ 23,83423.8k $1.1m $1.1m 0.44% Unchanged
26 My Personal CFO, LLC 0.50% of their portfolio VANCOUVER, WA 23,61023.6k $1.1m $1.1m 0.50% Unchanged
27 First Commonwealth Financial Corp /PA/ 0.18% of their portfolio Indiana, PA 23,37923.4k $1.1m $1.1m 0.18% Added +860 +860
28 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 22,63822.6k $1.1m $1.1m 0.00% Reduced -245 -245
29 Wood Tarver Financial Group, LLC 0.29% of their portfolio BOISE, ID 21,52621.5k $1.0m $1.0m 0.29% Reduced -12 -12
30 COFG Advisors, LLC 0.25% of their portfolio OAK BROOK, IL 20,94020.9k $1.0m $1.0m 0.25% Reduced -161 -161
31 THOROUGHBRED FINANCIAL SERVICES, LLC 0.05% of their portfolio BRENTWOOD, TN 18,83618.8k $905.0k $905.0k 0.05% Unchanged
32 TopTier Wealth Management, LLC 0.51% of their portfolio MUSKEGO, WI 17,16217.2k $825.2k $825.2k 0.51% Reduced -1 -1
33 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 16,58116.6k $797.3k $797.3k 0.04% Reduced -44 -44
34 Garden State Investment Advisory Services LLC 0.18% of their portfolio Red Bank, NJ 15,92515.9k $765.7k $765.7k 0.18% Reduced -125 -125
35 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 15,49615.5k $745.1k $745.1k 0.04% Unchanged
36 Fragasso Financial Advisors Inc 0.04% of their portfolio SEWICKLEY, PA 15,12315.1k $734.2k $734.2k 0.04% Unchanged
37 Pinnacle Wealth Management Group, Inc. 0.33% of their portfolio PLYMOUTH, MI 14,03014.0k $674.6k $674.6k 0.33% Unchanged
38 Chris Bulman Inc 0.28% of their portfolio ROSEVILLE, CA 13,12513.1k $631.1k $631.1k 0.28% Reduced -7.0k -7,029
39 Berkshire Money Management, Inc. 0.06% of their portfolio DALTON, MA 12,68712.7k $610.0k $610.0k 0.06% Unchanged
40 Three Seasons Wealth, LLC 0.23% of their portfolio SALT LAKE CITY, UT 12,59012.6k $605.4k $605.4k 0.23% Unchanged
41 WCG Wealth Advisors LLC 0.02% of their portfolio LAS VEGAS, NV 12,18612.2k $585.9k $585.9k 0.02% Unchanged
42 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 12,15412.2k $584.4k $584.4k 0.02% Reduced -343 -343
43 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 11,90211.9k $572.3k $572.3k 0.01% Reduced -28.6k -28,614
44 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 11,73011.7k $564.0k $564.0k 0.02% Added +1 +1
45 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,58311.6k $557.0k $557.0k 0.00% Reduced -440 -440
46 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 11,40211.4k $548.2k $548.2k 0.01% Reduced -3.6k -3,614
47 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 10,71610.7k $546.3k $546.3k 0.01% Reduced -156 -156
48 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 10,54010.5k $506.8k $506.8k 0.01% Reduced -112 -112
49 Bellwether Advisors, LLC 0.08% of their portfolio LINCOLN, NE 10,30210.3k $495.4k $495.4k 0.08% Unchanged
50 BCGM Wealth Management, LLC 0.12% of their portfolio LAFAYETTE, IN 10,00010.0k $480.8k $480.8k 0.12% Unchanged
51 BCS Wealth Management 0.10% of their portfolio JOHNSON CITY, TN 9,8829.9k $475.2k $475.2k 0.10% Reduced -9.9k -9,946
52 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 9,8299.8k $472.6k $472.6k 0.01% Unchanged
53 Retirement Planning Group, LLC 0.01% of their portfolio LEAWOOD, KS 9,3649.4k $450.3k $450.3k 0.01% Reduced -54 -54
54 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 9,0799.1k $436.6k $436.6k 0.01% Reduced -150 -150
55 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 8,9879.0k $432.1k $432.1k 0.01% Reduced -165 -165
56 Caliber Wealth Management, LLC / KS 0.05% of their portfolio Overland Park, KS 8,9238.9k $429.0k $429.0k 0.05% Unchanged
57 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,6728.7k $417.0k $417.0k 0.01% Reduced -458 -458
58 Lewis Asset Management, LLC 0.17% of their portfolio LAFAYETTE, CA 8,5308.5k $410.2k $410.2k 0.17% Unchanged
59 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 8,3328.3k $400.6k $400.6k 0.02% Reduced -8.4k -8,407
60 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 7,4897.5k $360.1k $360.1k 0.00% Added +1.3k +1,275
61 Weaver Consulting Group 0.08% of their portfolio HUNTINGTON BEACH, CA 7,3497.3k $353.4k $353.4k 0.08% Added +254 +254
62 Financial Network Wealth Advisors LLC 0.32% of their portfolio MURRAY, UT 6,6006.6k $317.4k $317.4k 0.32% Unchanged
63 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 6,5806.6k $316.4k $316.4k 0.00% Added +31 +31
64 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.02% of their portfolio Westlake, OH 6,2936.3k $302.6k $302.6k 0.02% Unchanged
65 Trek Financial, LLC 0.02% of their portfolio Scottsdale, AZ 6,1506.2k $295.7k $295.7k 0.02% Unchanged
66 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6,0736.1k $292.0k $292.0k 0.00% Added +33 +33
67 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,0456.0k $290.7k $290.7k 0.01% Reduced -748 -748
68 IMG Wealth Management, Inc. 0.19% of their portfolio JACKSONVILLE, FL 6,0426.0k $290.5k $290.5k 0.19% Unchanged
69 Beacon Financial Advisory LLC 0.06% of their portfolio CLEVELAND, OH 5,8345.8k $280.5k $280.5k 0.06% Unchanged
70 Soltis Investment Advisors LLC 0.02% of their portfolio ST. GEORGE, UT 5,6835.7k $273.3k $273.3k 0.02% Unchanged
71 Valtinson Bruner Financial Planning LLC 0.07% of their portfolio NEW BRIGHTON, MN 5,6335.6k $270.9k $270.9k 0.07% Unchanged
72 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,3605.4k $257.7k $257.7k 0.00% Reduced -1.7k -1,743
73 EVOLUTION WEALTH MANAGEMENT INC. 0.18% of their portfolio FORT MYERS, FL 5,2565.3k $252.7k $252.7k 0.18% Unchanged
74 Syntegra Private Wealth Group, LLC 0.02% of their portfolio Chesterfield, MO 5,2335.2k $251.6k $251.6k 0.02% Unchanged
75 Summit Wealth Partners, LLC 0.04% of their portfolio Orlando, FL 4,7134.7k $226.6k $226.6k 0.04% Unchanged
76 Kathmere Capital Management, LLC 0.01% of their portfolio WAYNE, PA 4,5974.6k $221.0k $221.0k 0.01% Reduced -16 -16
77 Share Andrew L. 0.10% of their portfolio MANCHESTER, NH 4,3804.4k $210.6k $210.6k 0.10% Unchanged
78 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 4,3464.3k $209.0k $209.0k 0.01% Unchanged
79 Ashton Thomas Private Wealth, LLC 0.00% of their portfolio SCOTTSDALE, AZ 3,3643.4k $161.8k $161.8k 0.00% New
80 Weaver Capital Management LLC 0.03% of their portfolio SUWANEE, GA 3,0043.0k $144.4k $144.4k 0.03% Unchanged
81 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,9533.0k $142.0k $142.0k 0.00% Reduced -27 -27
82 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 2,7392.7k $131.7k $131.7k 0.01% Added +91 +91
83 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2,4432.4k $117.5k $117.5k 0.00% New
84 Global Trust Asset Management, LLC 0.04% of their portfolio PALM BEACH GARDENS, FL 2,0002.0k $96.2k $96.2k 0.04% Unchanged
85 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 1,6601.7k $79.8k $79.8k 0.01% Reduced -185 -185
86 Archer Investment Corp 0.02% of their portfolio Carmel, IN 1,5881.6k $76.4k $76.4k 0.02% Unchanged
87 Orion Capital Management LLC 0.02% of their portfolio CORONADO, CA 1,0881.1k $52.3k $52.3k 0.02% Reduced -172 -172
88 Physician Wealth Advisors, Inc. 0.01% of their portfolio MIDVALE, UT 1,0551.1k $50.7k $50.7k 0.01% Unchanged
89 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,0001.0k $48.1k $48.1k 0.00% Unchanged
90 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 806806 $38.8k $38.8k 0.00% Unchanged
91 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 583583 $28.0k $28.0k 0.00% New
92 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 511511 $24.6k $24.6k 0.00% Unchanged
93 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 300300 $14.4k $14.4k 0.00% New
94 CHAPMAN FINANCIAL GROUP, LLC 0.01% of their portfolio KAILUA, HI 300300 $14.4k $14.4k 0.01% Unchanged
95 Noble Wealth Management PBC 0.01% of their portfolio GREENWOOD VILLAGE, CO 275275 $13.2k $13.2k 0.01% Reduced -50 -50
96 UBS Group AG 0.00% of their portfolio ZURICH, V8 228228 $11.0k $11.0k 0.00% New
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 9090 $4.3k $4.3k 0.00% Unchanged
98 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 6161 $2.9k $2.9k 0.00% Unchanged
99 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4343 $2.1k $2.1k 0.00% Reduced -2.3k -2,276