Vault-13

INNOVATOR ETFS TRUST KAUG

US SMALL CAP PWR · ETP · CUSIP 45783Y137

44 institutional holders +1 vs Q4 2025
2,541,7872.5m shares reported held*
$68.2mreported value*
5 new 4 added 17 reduced 4 sold out net sold ≈ $48.3m (-1.8m 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 ≈ $26.83.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 28Q4 24: 40Q1 25: 37Q2 25: 34Q3 25: 39Q4 25: 43Q1 26: 4444Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q3 202428
Q4 202440
Q1 202537
Q2 202534
Q3 202539
Q4 202543
Q1 202644

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 19 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 20 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 25 bought or addedQ3 25: 9 cut or sold outQ3 25Q4 25: 13 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 9 bought or addedQ1 26: 21 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 20241913
Q1 20251420
Q2 20251316
Q3 2025259
Q4 20251314
Q1 2026921

Biggest buyers

Creative Planning New +216,870+216.9k
OLD MISSION CAPITAL LLC New +39,766+39.8k
JPMORGAN CHASE & CO New +33,639+33.6k
Gradient Investments LLC Added +12,778+12.8k
Kestra Advisory Services, LLC Added +11,884+11.9k
SageView Advisory Group, LLC Added +11,582+11.6k
First Heartland Consultants, Inc. Added +9,363+9.4k
Advisory Services Network, LLC New +1,007+1.0k
UBS Group AG New +209+209

Biggest sellers

Berkshire Money Management, Inc. Reduced -2,011,067-2.0m
CORRADO ADVISORS, LLC Sold out -66,314-66.3k
OSAIC HOLDINGS, INC. Reduced -21,430-21.4k
BCS Wealth Management Sold out -11,904-11.9k
Trek Financial, LLC Sold out -7,665-7.7k
Cambridge Investment Research Advisors, Inc. Reduced -2,737-2.7k
HighTower Advisors, LLC Reduced -2,607-2.6k
Cetera Investment Advisers Reduced -2,215-2.2k
CWM, LLC Sold out -2,156-2.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -1,882-1.9k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Gradient Investments LLC 0.20% of their portfolio ARDEN HILLS, MN 490,718490.7k $13.2m $13.2m 0.20% Added +12.8k +12,778
2 Berkshire Money Management, Inc. 1.33% of their portfolio DALTON, MA 485,177485.2k $13.0m $13.0m 1.33% Reduced -2.0m -2,011,067
3 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 216,870216.9k $5.8m $5.8m 0.00% New
4 SageView Advisory Group, LLC 0.21% of their portfolio Newport Beach, CA 216,870216.9k $5.8m $5.8m 0.21% Added +11.6k +11,582
5 First Heartland Consultants, Inc. 0.41% of their portfolio LAKE ST. LOUIS, MO 200,848200.8k $5.4m $5.4m 0.41% Added +9.4k +9,363
6 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 137,998138.0k $3.7m $3.7m 0.01% Reduced -1.5k -1,485
7 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 122,225122.2k $3.3m $3.3m 0.00% Reduced -1.9k -1,882
8 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 93,07693.1k $2.5m $2.5m 0.00% Reduced -2.6k -2,607
9 Cornerstone Wealth, LLC/TN 1.13% of their portfolio GREENEVILLE, TN 71,90071.9k $2.0m $2.0m 1.13% First filing
10 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 65,83465.8k $1.8m $1.8m 0.00% Reduced -21.4k -21,430
11 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 53,70253.7k $1.4m $1.4m 0.01% Added +11.9k +11,884
12 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 39,76639.8k $1.1m $1.1m 0.03% New
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 33,63933.6k $886.1k $886.1k 0.00% New
14 Miller Financial Services LLC 0.83% of their portfolio MARSHALL, MI 27,68527.7k $742.2k $742.2k 0.83% Reduced -850 -850
15 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,58820.6k $551.9k $551.9k 0.00% Reduced -2.2k -2,215
16 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 19,70719.7k $528.3k $528.3k 0.01% Reduced -724 -724
17 PFS Partners, LLC 0.24% of their portfolio MINE HILL, NJ 19,55919.6k $524.4k $524.4k 0.24% Reduced -81 -81
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,34219.3k $518.5k $518.5k 0.00% Reduced -249 -249
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,73917.7k $475.6k $475.6k 0.00% Reduced -711 -711
20 TopTier Wealth Management, LLC 0.29% of their portfolio MUSKEGO, WI 17,45717.5k $468.0k $468.0k 0.29% Reduced -95 -95
21 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 15,50215.5k $415.6k $415.6k 0.00% Reduced -270 -270
22 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,33315.3k $411.0k $411.0k 0.00% Reduced -2.7k -2,737
23 WEALTH ALLIANCE, LLC 0.04% of their portfolio MELLVILLE, NY 15,22115.2k $408.1k $408.1k 0.04% Unchanged
24 Faithward Advisors, LLC 0.05% of their portfolio LANCASTER, PA 14,06214.1k $377.0k $377.0k 0.05% Reduced -675 -675
25 WealthShield Partners, LLC 0.04% of their portfolio CARY, NC 13,40013.4k $359.2k $359.2k 0.04% Unchanged
26 Keating Financial Advisory Services, Inc. 0.05% of their portfolio MANHATTAN, KS 11,98312.0k $321.2k $321.2k 0.05% Unchanged
27 Sherry Group, Inc. 0.33% of their portfolio MOUNTAIN HOME, AR 11,30511.3k $303.1k $303.1k 0.33% Unchanged
28 Outlook Wealth Advisors, LLC 0.06% of their portfolio SHENANDOAH, TX 9,4679.5k $253.8k $253.8k 0.06% Unchanged
29 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 9,4369.4k $253.0k $253.0k 0.00% Reduced -1.7k -1,730
30 FIDUCIARY FINANCIAL GROUP, LLC 0.03% of their portfolio SAN RAFAEL, CA 9,0779.1k $243.3k $243.3k 0.03% Unchanged
31 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 8,8008.8k $235.9k $235.9k 0.00% Unchanged
32 First Commonwealth Financial Corp /PA/ 0.03% of their portfolio Indiana, PA 7,7927.8k $208.9k $208.9k 0.03% Reduced -164 -164
33 Atlantic Private Wealth, LLC 0.11% of their portfolio CHAPEL HILL, NC 6,1896.2k $165.9k $165.9k 0.11% Unchanged
34 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 5,6585.7k $151.7k $151.7k 0.00% Unchanged
35 DHJJ Financial Advisors, Ltd. 0.04% of their portfolio NAPERVILLE, IL 4,6574.7k $124.8k $124.8k 0.04% Unchanged
36 Annis Gardner Whiting Capital Advisors, LLC 0.02% of their portfolio TAMPA, FL 4,0864.1k $109.5k $109.5k 0.02% Unchanged
37 Capital Investment Advisory Services, LLC 0.01% of their portfolio RALEIGH, NC 3,1123.1k $83.4k $83.4k 0.01% Unchanged
38 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,3072.3k $61.8k $61.8k 0.00% Unchanged
39 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 1,0071.0k $27.0k $27.0k 0.00% New
40 Noble Wealth Management PBC 0.01% of their portfolio GREENWOOD VILLAGE, CO 1,0001.0k $26.8k $26.8k 0.01% Unchanged
41 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 803803 $22.0k $22.0k 0.00% Unchanged
42 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 481481 $12.9k $12.9k 0.00% Unchanged
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 209209 $5.6k $5.6k 0.00% New
44 EVOLUTION WEALTH MANAGEMENT INC. 0.00% of their portfolio FORT MYERS, FL 200200 $5.4k $5.4k 0.00% Unchanged