Vault-13

INNOVATOR ETFS TRUST PJUN

US EQTY PWR BUF · ETP · CUSIP 45782C748

168 institutional holders +11 vs Q3 2025
14,003,75514.0m shares reported held*
$586.5mreported value*
13 new 16 added 75 reduced 12 sold out net sold ≈ $65.1m (-1.6m 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 ($232.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.88.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 110Q4 22: 119Q1 23: 112Q2 23: 154Q3 23: 147Q4 23: 150Q1 24: 146Q2 24: 163Q3 24: 158Q4 24: 163Q1 25: 156Q2 25: 160Q3 25: 157Q4 25: 168168Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022110
Q4 2022119
Q1 2023112
Q2 2023154
Q3 2023147
Q4 2023150
Q1 2024146
Q2 2024163
Q3 2024158
Q4 2024163
Q1 2025156
Q2 2025160
Q3 2025157
Q4 2025168

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 30 bought or addedQ1 24: 89 cut or sold outQ2 24: 110 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 41 bought or addedQ3 24: 84 cut or sold outQ4 24: 19 bought or addedQ4 24: 89 cut or sold outQ4 24Q1 25: 28 bought or addedQ1 25: 94 cut or sold outQ2 25: 90 bought or addedQ2 25: 61 cut or sold outQ2 25Q3 25: 36 bought or addedQ3 25: 86 cut or sold outQ4 25: 29 bought or addedQ4 25: 87 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243089
Q2 202411036
Q3 20244184
Q4 20241989
Q1 20252894
Q2 20259061
Q3 20253686
Q4 20252987

Biggest buyers

Focus Partners Wealth Added +394,162+394.2k
Cape Investment Advisory, Inc. New +41,525+41.5k
BCS Wealth Management Added +29,150+29.1k
BIP Wealth, LLC New +25,395+25.4k
LPL Financial LLC Added +22,128+22.1k
HRT FINANCIAL LP New +20,523+20.5k
Merit Financial Group, LLC Added +15,621+15.6k
MML INVESTORS SERVICES, LLC Added +13,454+13.5k
World Investment Advisors Added +8,082+8.1k
Arax Advisory Partners New +7,790+7.8k

Biggest sellers

Brookstone Capital Management Reduced -739,561-739.6k
NorthCoast Asset Management LLC Sold out -410,285-410.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -291,192-291.2k
ALLIANCEBERNSTEIN L.P. Reduced -70,982-71.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -53,990-54.0k
OSAIC HOLDINGS, INC. Reduced -50,033-50.0k
First Heartland Consultants, Inc. Sold out -48,909-48.9k
Atria Investments, Inc Sold out -42,428-42.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -38,474-38.5k
Penserra Capital Management LLC Reduced -36,287-36.3k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 2,852,4502.9m $119.5m $119.5m 0.04% Reduced -71.0k -70,982
2 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 1,539,2981.5m $64.5m $64.5m 0.09% Reduced -38.5k -38,474
3 Penserra Capital Management LLC 0.74% of their portfolio ORINDA, CA 1,482,0241.5m $62.1m $62.1m 0.74% Reduced -36.3k -36,287
4 Berkshire Money Management, Inc. 2.55% of their portfolio DALTON, MA 637,168637.2k $26.7m $26.7m 2.55% Added +1.4k +1,447
5 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 571,392571.4k $23.9m $23.9m 0.03% Reduced -50.0k -50,033
6 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 449,124449.1k $18.8m $18.8m 0.02% Added +394.2k +394,162
7 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 425,087425.1k $17.8m $17.8m 0.02% Reduced -8.3k -8,267
8 Lineweaver Wealth Advisors, LLC 1.72% of their portfolio VALLEY VIEW, OH 300,857300.9k $12.6m $12.6m 1.72% Reduced -1.7k -1,675
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 263,218263.2k $11.0m $11.0m 0.00% Added +7.6k +7,563
10 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 237,620237.6k $10.0m $10.0m 0.01% Reduced -16.9k -16,882
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 224,057224.1k $9.4m $9.4m 0.00% Added +22.1k +22,128
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 201,065201.1k $8.4m $8.4m 0.00% Reduced -54.0k -53,990
13 McAdam, LLC 0.38% of their portfolio Philadelphia, PA 200,085200.1k $8.4m $8.4m 0.38% Reduced -1.5k -1,457
14 Brookstone Capital Management 0.10% of their portfolio WHEATON, IL 199,634199.6k $8.4m $8.4m 0.10% Reduced -739.6k -739,561
15 CoreCap Advisors, LLC 0.29% of their portfolio SOUTHFIELD, MI 199,512199.5k $8.4m $8.4m 0.29% Reduced -5.8k -5,760
16 Chris Bulman Inc 2.90% of their portfolio ROSEVILLE, CA 156,559156.6k $6.6m $6.6m 2.90% Added +65 +65
17 Advisory Alpha, LLC 0.17% of their portfolio HOLLAND, MI 146,374146.4k $6.1m $6.1m 0.17% Reduced -1.5k -1,466
18 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 142,222142.2k $6.0m $6.0m 0.02% Added +2.5k +2,529
19 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 134,561134.6k $5.6m $5.6m 0.01% Reduced -7.1k -7,067
20 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 131,124131.1k $5.5m $5.5m 0.01% Added +13.5k +13,454
21 Weaver Capital Management LLC 1.04% of their portfolio SUWANEE, GA 117,450117.5k $4.9m $4.9m 1.04% Reduced -19.1k -19,126
22 Bellwether Advisors, LLC 0.77% of their portfolio LINCOLN, NE 115,365115.4k $4.8m $4.8m 0.77% Reduced -12.0k -12,032
23 ARS Wealth Advisors Group, LLC 0.43% of their portfolio St. Petersburg, FL 112,827112.8k $4.7m $4.7m 0.43% Reduced -894 -894
24 MTM FINANCIAL GROUP, LLC 2.19% of their portfolio BETHLEHEM, PA 109,721109.7k $4.6m $4.6m 2.19% Reduced -95 -95
25 Weaver Consulting Group 1.09% of their portfolio HUNTINGTON BEACH, CA 106,645106.6k $4.5m $4.5m 1.09% Reduced -855 -855
26 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 96,90796.9k $4.1m $4.1m 0.01% Reduced -190 -190
27 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 96,77196.8k $4.1m $4.1m 0.03% Reduced -3.8k -3,768
28 Southland Equity Partners LLC 0.74% of their portfolio WILDWOOD, MO 89,71889.7k $3.8m $3.8m 0.74% Reduced -362 -362
29 Keating Financial Advisory Services, Inc. 0.49% of their portfolio MANHATTAN, KS 86,43786.4k $3.6m $3.6m 0.49% First filing
30 Clear Point Advisors Inc. 2.78% of their portfolio MELVILLE, NY 85,66185.7k $3.6m $3.6m 2.78% Reduced -4.0k -4,039
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 78,01478.0k $3.3m $3.3m 0.01% Reduced -5.9k -5,910
32 INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio SAN DIEGO, CA 77,41877.4k $3.2m $3.2m 0.07% Reduced -49 -49
33 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 76,54976.5k $3.2m $3.2m 0.03% Reduced -4.3k -4,279
34 YARGER WEALTH STRATEGIES, LLC 1.20% of their portfolio WESTERVILLE, OH 66,77166.8k $2.8m $2.8m 1.20% Reduced -10 -10
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 64,19464.2k $2.7m $2.7m 0.00% Reduced -291.2k -291,192
36 Pinnacle Wealth Management Group, Inc. 1.32% of their portfolio PLYMOUTH, MI 63,08563.1k $2.6m $2.6m 1.32% Reduced -200 -200
37 BCS Wealth Management 0.25% of their portfolio JOHNSON CITY, TN 59,54459.5k $2.5m $2.5m 0.25% Added +29.1k +29,150
38 WEALTH ALLIANCE, LLC 0.21% of their portfolio MELLVILLE, NY 51,06551.1k $2.1m $2.1m 0.21% Unchanged
39 Forvis Mazars Wealth Advisors, LLC 0.04% of their portfolio Springfield, MO 50,84450.8k $2.1m $2.1m 0.04% Reduced -3.1k -3,084
40 RPS ADVISORY SOLUTIONS LLC 0.93% of their portfolio LOUISVILLE, KY 47,16147.2k $2.0m $2.0m 0.93% Reduced -2.3k -2,326
41 Castle Rock Wealth Management, LLC 0.41% of their portfolio WALNUT CREEK, CA 44,92744.9k $1.9m $1.9m 0.41% Unchanged
42 Cassady Wealth & Retirement Planning, LLC 1.20% of their portfolio HENDERSON, NV 43,77243.8k $1.8m $1.8m 1.20% First filing
43 Cape Investment Advisory, Inc. 0.53% of their portfolio MCDONOUGH, GA 41,52541.5k $1.7m $1.7m 0.53% New
44 CORRADO ADVISORS, LLC 0.85% of their portfolio RAMSEY, NJ 40,34940.3k $1.7m $1.7m 0.85% Reduced -118 -118
45 KFG WEALTH MANAGEMENT, LLC 0.22% of their portfolio GRANGER, IN 40,11740.1k $1.7m $1.7m 0.22% Reduced -18.7k -18,723
46 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 39,77639.8k $1.7m $1.7m 0.00% Unchanged
47 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 39,22139.2k $1.6m $1.6m 0.01% Reduced -3.2k -3,226
48 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.08% of their portfolio CEDAR RAPIDS, IA 38,26638.3k $1.6m $1.6m 0.08% Reduced -461 -461
49 Outlook Wealth Advisors, LLC 0.36% of their portfolio SHENANDOAH, TX 38,20338.2k $1.6m $1.6m 0.36% Reduced -209 -209
50 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 36,16936.2k $1.5m $1.5m 0.03% Added +686 +686
51 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 33,46233.5k $1.4m $1.4m 0.01% Unchanged
52 COFG Advisors, LLC 0.35% of their portfolio OAK BROOK, IL 33,42133.4k $1.4m $1.4m 0.35% First filing
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 31,96732.0k $1.3m $1.3m 0.00% Reduced -1.4k -1,396
54 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 31,92031.9k $1.3m $1.3m 0.02% Added +8.1k +8,082
55 OLD MISSION CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 31,73131.7k $1.3m $1.3m 0.05% Added +4.0k +4,016
56 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 31,24331.2k $1.3m $1.3m 0.03% Unchanged
57 WPWealth LLP 0.20% of their portfolio FORT WORTH, TX 30,17630.2k $1.3m $1.3m 0.20% Unchanged
58 Hardworking Capital Advisors, LLC 1.15% of their portfolio Palm Desert, CA 30,17430.2k $1.3m $1.3m 1.15% First filing
59 BFI Wealth Solutions, LLC 1.20% of their portfolio DALLAS, TX 30,11730.1k $1.3m $1.3m 1.20% First filing
60 Patriot Financial Group Insurance Agency, LLC 0.14% of their portfolio Westborough, MA 27,34527.3k $1.1m $1.1m 0.14% Reduced -150 -150
61 RIVERCHASE WEALTH MANAGEMENT, LLC 0.62% of their portfolio Flower Mound, TX 27,25027.2k $1.1m $1.1m 0.62% Unchanged
62 Cornerstone Wealth Group, LLC 0.08% of their portfolio HUNTERSVILLE, NC 27,09027.1k $1.1m $1.1m 0.08% Reduced -1.7k -1,668
63 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 26,87826.9k $1.1m $1.1m 0.03% Reduced -4.4k -4,363
64 Blue Water Asset Management 0.40% of their portfolio GRAND RAPIDS, MI 26,44126.4k $1.1m $1.1m 0.40% First filing
65 THOROUGHBRED FINANCIAL SERVICES, LLC 0.07% of their portfolio BRENTWOOD, TN 26,40626.4k $1.1m $1.1m 0.07% Unchanged
66 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 25,94125.9k $1.1m $1.1m 0.01% Added +15.6k +15,621
67 BIP Wealth, LLC 0.04% of their portfolio ATLANTA, GA 25,39525.4k $1.1m $1.1m 0.04% New
68 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 24,92424.9k $1.0m $1.0m 0.00% Reduced -14.0k -13,955
69 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 24,20024.2k $1.0m $1.0m 0.01% Reduced -9 -9
70 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 23,92223.9k $1.0m $1.0m 0.02% Reduced -3.8k -3,802
71 CRA Financial Services, LLC 0.13% of their portfolio NORTHFIELD, NJ 23,27023.3k $974.5k $974.5k 0.13% Unchanged
72 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 23,00023.0k $963.2k $963.2k 0.01% Unchanged
73 Focus Financial Network, Inc. 0.03% of their portfolio MINNEAPOLIS, MN 21,60521.6k $904.8k $904.8k 0.03% Reduced -165 -165
74 DHJJ Financial Advisors, Ltd. 0.30% of their portfolio NAPERVILLE, IL 21,40021.4k $896.2k $896.2k 0.30% Reduced -71 -71
75 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,15721.2k $886.1k $886.1k 0.00% Reduced -937 -937
76 Pacific Park Financial, Inc. 0.55% of their portfolio LAGINA HILLS, CA 21,00421.0k $879.6k $879.6k 0.55% First filing
77 Annis Gardner Whiting Capital Advisors, LLC 0.17% of their portfolio TAMPA, FL 20,87520.9k $874.2k $874.2k 0.17% Unchanged
78 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 20,52320.5k $859.0k $859.0k 0.00% New
79 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 20,24320.2k $847.8k $847.8k 0.00% Reduced -10.8k -10,838
80 Tradition Wealth Management, LLC 0.06% of their portfolio EDINA, MN 18,92418.9k $792.5k $792.5k 0.06% Reduced -1.2k -1,250
81 Spire Wealth Management 0.03% of their portfolio MCLEAN, VA 18,00318.0k $754.0k $754.0k 0.03% Unchanged
82 Quest 10 Wealth Builders, Inc. 0.67% of their portfolio Fuquay-Varina, VA 17,98918.0k $753.4k $753.4k 0.67% Reduced -362 -362
83 First Commonwealth Financial Corp /PA/ 0.12% of their portfolio Indiana, PA 17,61317.6k $737.6k $737.6k 0.12% Reduced -279 -279
84 GILL CAPITAL PARTNERS, LLC 0.22% of their portfolio DENVER, CO 17,59017.6k $736.7k $736.7k 0.22% Unchanged
85 Fragasso Financial Advisors Inc 0.04% of their portfolio SEWICKLEY, PA 17,33517.3k $726.0k $726.0k 0.04% Unchanged
86 Diligent Investors, LLC 0.18% of their portfolio REDLANDS, CA 17,22617.2k $721.4k $721.4k 0.18% Reduced -15 -15
87 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 16,37616.4k $685.8k $685.8k 0.01% Unchanged
88 WorthPointe, LLC 0.18% of their portfolio La Jolla, CA 16,28816.3k $682.1k $682.1k 0.18% Unchanged
89 ATTICUS WEALTH MANAGEMENT, LLC 0.16% of their portfolio Palm Beach Gardens, FL 15,83815.8k $663.3k $663.3k 0.16% Unchanged
90 Global Assets Advisory, LLC 0.18% of their portfolio ORLANDO, FL 15,40715.4k $645.2k $645.2k 0.18% Reduced -25 -25
91 Global Strategic Investment Solutions, LLC 0.06% of their portfolio Scottsdale, AZ 14,89514.9k $623.8k $623.8k 0.06% Unchanged
92 Orion Capital Management LLC 0.19% of their portfolio CORONADO, CA 13,77013.8k $576.7k $576.7k 0.19% Added +50 +50
93 Garden State Investment Advisory Services LLC 0.14% of their portfolio Red Bank, NJ 13,58513.6k $568.9k $568.9k 0.14% Unchanged
94 Nikulski Financial, Inc. 0.13% of their portfolio BETTENDORF, IA 13,09013.1k $548.2k $548.2k 0.13% Reduced -2.2k -2,230
95 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 13,04913.0k $546.5k $546.5k 0.01% Unchanged
96 Dakota Wealth Management 0.01% of their portfolio PALM BEACH GARDENS, FL 12,81712.8k $536.8k $536.8k 0.01% Unchanged
97 Cardinal Point Capital Management ULC 0.03% of their portfolio TORONTO, A6 12,77012.8k $534.8k $534.8k 0.03% Unchanged
98 FSA Advisors, Inc. 0.36% of their portfolio TROY, MI 12,43712.4k $523.4k $523.4k 0.36% Added +551 +551
99 Liberty Atlantic Advisors LLC 0.51% of their portfolio ALLEN, TX 12,31012.3k $515.5k $515.5k 0.51% First filing
100 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 12,06712.1k $505.4k $505.4k 0.01% Reduced -4.0k -4,004