Vault-13

INNOVATOR ETFS TRUST BAPR

US EQT BUFR APR · ETP · CUSIP 45782C888

109 institutional holders +13 vs Q3 2025
5,801,4805.8m shares reported held*
$278.4mreported value*
9 new 9 added 53 reduced 6 sold out net sold ≈ $7.3m (-151.6k 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 ≈ $47.98.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 59Q4 22: 61Q1 23: 66Q2 23: 85Q3 23: 83Q4 23: 81Q1 24: 87Q2 24: 105Q3 24: 101Q4 24: 104Q1 25: 92Q2 25: 104Q3 25: 96Q4 25: 109109Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202259
Q4 202261
Q1 202366
Q2 202385
Q3 202383
Q4 202381
Q1 202487
Q2 2024105
Q3 2024101
Q4 2024104
Q1 202592
Q2 2025104
Q3 202596
Q4 2025109

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 26 bought or addedQ1 24: 37 cut or sold outQ2 24: 66 bought or addedQ2 24: 22 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 55 cut or sold outQ4 24: 17 bought or addedQ4 24: 49 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 60 cut or sold outQ2 25: 52 bought or addedQ2 25: 29 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 63 cut or sold outQ4 25: 18 bought or addedQ4 25: 59 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242637
Q2 20246622
Q3 20242355
Q4 20241749
Q1 20252360
Q2 20255229
Q3 20251563
Q4 20251859

Biggest buyers

Lido Advisors, LLC New +2,196,880+2.2m
My Personal CFO, LLC New +79,828+79.8k
World Investment Advisors New +23,332+23.3k
OLD MISSION CAPITAL LLC Added +18,724+18.7k
INTEGRAL INVESTMENT ADVISORS, INC. Added +15,280+15.3k
Arax Advisory Partners New +10,914+10.9k
AlphaStar Capital Management, LLC New +7,624+7.6k
MML INVESTORS SERVICES, LLC Added +7,431+7.4k
BCS Wealth Management New +6,796+6.8k
FORONJY FINANCIAL LLC Added +4,957+5.0k

Biggest sellers

Stuart Chaussee & Associates, Inc. Sold out -2,204,829-2.2m
RAYMOND JAMES FINANCIAL INC Reduced -55,170-55.2k
Belpointe Asset Management LLC Reduced -45,791-45.8k
JPMORGAN CHASE & CO Reduced -24,387-24.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -18,825-18.8k
Motiv8 Investments LLC Reduced -15,778-15.8k
Gradient Investments LLC Reduced -15,733-15.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -13,059-13.1k
Snowden Capital Advisors LLC Reduced -12,595-12.6k
GOLDMAN SACHS GROUP INC Sold out -11,757-11.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.42% of their portfolio Los Angeles, CA 2,196,8802.2m $105.4m $105.4m 0.42% New
2 Penserra Capital Management LLC 0.22% of their portfolio ORINDA, CA 382,832382.8k $18.4m $18.4m 0.22% Reduced -2.7k -2,710
3 COFG Advisors, LLC 4.47% of their portfolio OAK BROOK, IL 376,933376.9k $18.1m $18.1m 4.47% First filing
4 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 327,624327.6k $15.7m $15.7m 0.02% Reduced -11.2k -11,207
5 INTEGRAL INVESTMENT ADVISORS, INC. 3.44% of their portfolio TURLOCK, CA 288,809288.8k $13.9m $13.9m 3.44% Added +15.3k +15,280
6 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 182,059182.1k $8.7m $8.7m 0.01% Reduced -606 -606
7 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 157,663157.7k $7.6m $7.6m 0.01% Reduced -5.5k -5,467
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 145,585145.6k $7.0m $7.0m 0.00% Reduced -4.4k -4,421
9 Macco Financial Group, Inc. 3.93% of their portfolio GREEN BAY, WI 95,21995.2k $4.6m $4.6m 3.93% First filing
10 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 91,18591.2k $4.4m $4.4m 0.01% Reduced -13.1k -13,059
11 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 89,70189.7k $4.3m $4.3m 0.00% Reduced -7.3k -7,335
12 Hardworking Capital Advisors, LLC 3.57% of their portfolio Palm Desert, CA 81,87981.9k $3.9m $3.9m 3.57% First filing
13 My Personal CFO, LLC 1.60% of their portfolio VANCOUVER, WA 79,82879.8k $3.8m $3.8m 1.60% New
14 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 79,81279.8k $3.8m $3.8m 0.00% Reduced -4.2k -4,220
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 71,15671.2k $3.4m $3.4m 0.00% Reduced -55.2k -55,170
16 Benson Wealth Management INC 3.56% of their portfolio OOLTEWAH, TN, TN 66,56466.6k $3.2m $3.2m 3.56% First filing
17 First Commonwealth Financial Corp /PA/ 0.45% of their portfolio Indiana, PA 56,71256.7k $2.7m $2.7m 0.45% Reduced -388 -388
18 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.35% of their portfolio BLUE BELL, PA 49,48749.5k $2.4m $2.4m 0.35% Reduced -2.2k -2,197
19 Motiv8 Investments LLC 1.05% of their portfolio PORT ST. LUCIE, FL 40,30140.3k $1.9m $1.9m 1.05% Reduced -15.8k -15,778
20 Maltin Wealth Management, Inc. 0.76% of their portfolio RIDGEWOOD, NJ 39,89539.9k $1.9m $1.9m 0.76% Reduced -2.1k -2,083
21 OLD MISSION CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 36,54336.5k $1.8m $1.8m 0.07% Added +18.7k +18,724
22 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 33,27633.3k $1.6m $1.6m 0.00% Added +7.4k +7,431
23 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 33,17533.2k $1.6m $1.6m 0.01% Reduced -1.6k -1,623
24 Southland Equity Partners LLC 0.30% of their portfolio WILDWOOD, MO 32,14632.1k $1.5m $1.5m 0.30% Reduced -2.6k -2,561
25 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 31,73931.7k $1.5m $1.5m 0.00% Reduced -1.3k -1,288
26 TopTier Wealth Management, LLC 1.00% of their portfolio MUSKEGO, WI 30,70930.7k $1.5m $1.5m 1.00% First filing
27 SIGNATUREFD, LLC 0.02% of their portfolio ATLANTA, GA 28,34128.3k $1.4m $1.4m 0.02% Unchanged
28 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 26,83426.8k $1.3m $1.3m 0.04% Reduced -358 -358
29 Sigma Planning Corp 0.03% of their portfolio ANN ARBOR, MI 23,68723.7k $1.1m $1.1m 0.03% Reduced -45 -45
30 Valtinson Bruner Financial Planning LLC 0.32% of their portfolio NEW BRIGHTON, MN 23,38723.4k $1.1m $1.1m 0.32% Unchanged
31 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 23,33223.3k $1.1m $1.1m 0.02% New
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 23,28023.3k $1.1m $1.1m 0.00% Added +626 +626
33 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 22,48422.5k $1.1m $1.1m 0.03% Reduced -12.6k -12,595
34 Clear Point Advisors Inc. 0.81% of their portfolio MELVILLE, NY 21,87221.9k $1.0m $1.0m 0.81% Reduced -2.6k -2,631
35 DHJJ Financial Advisors, Ltd. 0.35% of their portfolio NAPERVILLE, IL 21,85821.9k $1.0m $1.0m 0.35% Reduced -307 -307
36 Berkshire Money Management, Inc. 0.10% of their portfolio DALTON, MA 21,37421.4k $1.0m $1.0m 0.10% Unchanged
37 Outlook Wealth Advisors, LLC 0.20% of their portfolio SHENANDOAH, TX 18,77918.8k $901.0k $901.0k 0.20% Reduced -1.1k -1,118
38 Lantz Financial LLC 0.19% of their portfolio NAPERVILLE, IL 18,50318.5k $887.8k $887.8k 0.19% Unchanged
39 Strategic Blueprint, LLC 0.05% of their portfolio ATLANTA, GA 17,66917.7k $847.8k $847.8k 0.05% Reduced -10.8k -10,773
40 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 17,46217.5k $837.8k $837.8k 0.01% Reduced -1.1k -1,118
41 FSA Advisors, Inc. 0.55% of their portfolio TROY, MI 16,48116.5k $790.8k $790.8k 0.55% Reduced -171 -171
42 City Center Advisors, LLC 0.73% of their portfolio TROY, MI 16,47216.5k $790.3k $790.3k 0.73% Added +1.1k +1,086
43 Ballast Rock Private Wealth LLC 0.39% of their portfolio CHARLESTON, SC 13,10913.1k $629.0k $629.0k 0.39% First filing
44 GWN SECURITIES INC. 0.12% of their portfolio Palm Beach Gardens, FL 12,85412.9k $616.7k $616.7k 0.12% Reduced -8.8k -8,769
45 Fragasso Financial Advisors Inc 0.04% of their portfolio SEWICKLEY, PA 12,49612.5k $599.6k $599.6k 0.04% Reduced -2.9k -2,916
46 FORONJY FINANCIAL LLC 0.25% of their portfolio Los Osos, CA 12,31512.3k $590.9k $590.9k 0.25% Added +5.0k +4,957
47 Keystone Wealth Services, LLC 0.12% of their portfolio PALM DESERT, CA 12,09512.1k $580.3k $580.3k 0.12% Reduced -609 -609
48 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,07112.1k $579.2k $579.2k 0.00% Reduced -3.2k -3,152
49 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 11,95812.0k $573.7k $573.7k 0.01% Reduced -1.6k -1,567
50 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 10,91410.9k $523.7k $523.7k 0.02% New
51 XML Financial, LLC 0.04% of their portfolio BETHESDA, MD 10,76410.8k $516.5k $516.5k 0.04% Reduced -4.8k -4,832
52 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 9,9419.9k $477.0k $477.0k 0.01% Unchanged
53 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 9,7089.7k $465.8k $465.8k 0.01% Unchanged
54 WealthPLAN Partners, LLC 0.07% of their portfolio OMAHA, NE 9,4589.5k $453.8k $453.8k 0.07% Unchanged
55 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 8,8888.9k $426.4k $426.4k 0.00% Unchanged
56 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 8,6008.6k $412.6k $412.6k 0.00% Unchanged
57 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 8,3368.3k $400.0k $400.0k 0.01% Reduced -288 -288
58 Secure Asset Management, LLC 0.06% of their portfolio Troy, MI 7,9497.9k $381.4k $381.4k 0.06% Reduced -1.0k -1,028
59 WPWealth LLP 0.06% of their portfolio FORT WORTH, TX 7,8457.8k $376.4k $376.4k 0.06% Reduced -5.0k -5,016
60 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 7,7967.8k $374.1k $374.1k 0.01% Reduced -45.8k -45,791
61 Tradition Wealth Management, LLC 0.03% of their portfolio EDINA, MN 7,7407.7k $371.4k $371.4k 0.03% Unchanged
62 Signal Advisors Wealth, LLC 0.03% of their portfolio DETROIT, MI 7,6327.6k $366.2k $366.2k 0.03% Reduced -482 -482
63 AlphaStar Capital Management, LLC 0.03% of their portfolio CORNELIUS, NC 7,6247.6k $365.8k $365.8k 0.03% New
64 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.02% of their portfolio CEDAR RAPIDS, IA 7,3887.4k $354.5k $354.5k 0.02% Unchanged
65 Stratos Wealth Advisors, LLC 0.02% of their portfolio BEACHWOOD, OH 7,3227.3k $351.3k $351.3k 0.02% Reduced -87 -87
66 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 7,0927.1k $340.3k $340.3k 0.01% Added +49 +49
67 Chris Bulman Inc 0.15% of their portfolio ROSEVILLE, CA 6,8666.9k $329.4k $329.4k 0.15% Reduced -171 -171
68 BCS Wealth Management 0.03% of their portfolio JOHNSON CITY, TN 6,7966.8k $326.1k $326.1k 0.03% New
69 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6,5426.5k $313.9k $313.9k 0.00% Reduced -105 -105
70 BECK CAPITAL MANAGEMENT, LLC 0.07% of their portfolio AUSTIN, TX 6,3276.3k $303.6k $303.6k 0.07% Reduced -327 -327
71 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 6,2946.3k $302.0k $302.0k 0.01% Reduced -598 -598
72 Trek Financial, LLC 0.02% of their portfolio Scottsdale, AZ 6,1516.2k $295.1k $295.1k 0.02% Reduced -252 -252
73 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6,1106.1k $293.2k $293.2k 0.00% Reduced -5 -5
74 Souders Financial Advisors 0.03% of their portfolio CINCINNATI, OH 5,8575.9k $281.0k $281.0k 0.03% Unchanged
75 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,7335.7k $275.1k $275.1k 0.00% Reduced -24.4k -24,387
76 Diligent Investors, LLC 0.07% of their portfolio REDLANDS, CA 5,7335.7k $275.1k $275.1k 0.07% Unchanged
77 BFI Wealth Solutions, LLC 0.26% of their portfolio DALLAS, TX 5,6745.7k $272.2k $272.2k 0.26% First filing
78 Annis Gardner Whiting Capital Advisors, LLC 0.05% of their portfolio TAMPA, FL 5,3005.3k $254.3k $254.3k 0.05% Reduced -1.8k -1,800
79 Bellwether Advisors, LLC 0.04% of their portfolio LINCOLN, NE 5,2935.3k $254.0k $254.0k 0.04% Reduced -59 -59
80 Beacon Financial Advisory LLC 0.05% of their portfolio CLEVELAND, OH 4,9054.9k $235.3k $235.3k 0.05% Unchanged
81 Gradient Investments LLC 0.00% of their portfolio ARDEN HILLS, MN 4,9024.9k $235.2k $235.2k 0.00% Reduced -15.7k -15,733
82 CORRADO ADVISORS, LLC 0.11% of their portfolio RAMSEY, NJ 4,6224.6k $221.8k $221.8k 0.11% Reduced -31 -31
83 Safe Harbor Wealth Advisors, LLC 0.20% of their portfolio DUBLIN, OH 4,2784.3k $206.6k $206.6k 0.20% First filing
84 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 4,1834.2k $201.0k $201.0k 0.01% Added +2 +2
85 CHAPMAN FINANCIAL GROUP, LLC 0.13% of their portfolio KAILUA, HI 4,0034.0k $192.1k $192.1k 0.13% Unchanged
86 Integrity Financial Corp /WA 0.09% of their portfolio JACKSON, WY 3,8333.8k $183.9k $183.9k 0.09% Reduced -89 -89
87 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 2,7622.8k $132.5k $132.5k 0.01% Unchanged
88 Orion Capital Management LLC 0.04% of their portfolio CORONADO, CA 2,6702.7k $128.1k $128.1k 0.04% Unchanged
89 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 2,0372.0k $97.7k $97.7k 0.01% Reduced -43 -43
90 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,0192.0k $96.9k $96.9k 0.00% Added +5 +5
91 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,7631.8k $84.6k $84.6k 0.00% Unchanged
92 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,6451.6k $78.9k $78.9k 0.00% Reduced -895 -895
93 Nalls Sherbakoff Group, LLC 0.05% of their portfolio KNOXVILLE, TN 1,5751.6k $75.6k $75.6k 0.05% Unchanged
94 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,3561.4k $65.1k $65.1k 0.00% Unchanged
95 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,1001.1k $52.8k $52.8k 0.00% Unchanged
96 Keating Financial Advisory Services, Inc. 0.01% of their portfolio MANHATTAN, KS 1,0881.1k $52.2k $52.2k 0.01% First filing
97 OPTIMA CAPITAL LLC 0.01% of their portfolio PORTLAND, OR 600600 $28.8k $28.8k 0.01% New
98 IMG Wealth Management, Inc. 0.02% of their portfolio JACKSONVILLE, FL 531531 $25.5k $25.5k 0.02% Reduced -572 -572
99 Financial Network Wealth Advisors LLC 0.02% of their portfolio MURRAY, UT 499499 $23.9k $23.9k 0.02% Unchanged
100 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 170170 $8.2k $8.2k 0.00% Unchanged