Vault-13

INNOVATOR ETFS TRUST AJUL

EQUITY DEFINED P · ETP · CUSIP 45783Y236

44 institutional holders +1 vs Q2 2025
925,862925.9k shares reported held*
$26.5mreported value*
7 new 2 added 17 reduced 6 sold out net sold ≈ $5.3m (-185.4k 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 ≈ $28.60.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 1Q3 24: 38Q4 24: 47Q1 25: 43Q2 25: 43Q3 25: 4444Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q2 20241
Q3 202438
Q4 202447
Q1 202543
Q2 202543
Q3 202544

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 36 bought or addedQ3 24: 1 cut or sold outQ3 24Q4 24: 19 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 12 bought or addedQ1 25: 15 cut or sold outQ1 25Q2 25: 15 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 9 bought or addedQ3 25: 23 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q3 2024361
Q4 20241911
Q1 20251215
Q2 20251516
Q3 2025923

Biggest buyers

OLD MISSION CAPITAL LLC New +11,654+11.7k
Cornerstone Wealth Group, LLC New +8,960+9.0k
CENTAURUS FINANCIAL, INC. New +4,150+4.2k
JPMORGAN CHASE & CO New +2,158+2.2k
BANK OF AMERICA CORP /DE/ New +1,000+1.0k
Sunbelt Securities, Inc. New +180+180
Cambridge Investment Research Advisors, Inc. Added +179+179
MORGAN STANLEY New +163+163
IFP Advisors, Inc Added +130+130

Biggest sellers

AE Wealth Management LLC Reduced -89,039-89.0k
HOWARD BAILEY SECURITIES, LLC Sold out -39,059-39.1k
Csenge Advisory Group Sold out -31,747-31.7k
Foundations Investment Advisors, LLC Reduced -11,171-11.2k
GeoWealth Management, LLC Sold out -9,683-9.7k
HighTower Advisors, LLC Reduced -8,243-8.2k
FSA Advisors, Inc. Sold out -7,726-7.7k
Maia Wealth LLC Reduced -2,801-2.8k
OSAIC HOLDINGS, INC. Reduced -2,650-2.6k
UBS Group AG Sold out -2,270-2.3k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 216,792216.8k $6.2m $6.2m 0.01% Reduced -8.2k -8,243
2 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 124,766124.8k $3.6m $3.6m 0.00% Reduced -2.2k -2,244
3 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 100,924100.9k $2.9m $2.9m 0.00% Reduced -1.0k -1,000
4 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 57,09957.1k $1.6m $1.6m 0.01% Reduced -81 -81
5 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 39,81139.8k $1.1m $1.1m 0.00% Unchanged
6 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 30,13230.1k $862.4k $862.4k 0.01% Reduced -965 -965
7 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% of their portfolio Cincinnati, OH 29,50029.5k $844.3k $844.3k 0.00% Unchanged
8 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 27,63127.6k $790.8k $790.8k 0.01% Reduced -89.0k -89,039
9 MTM FINANCIAL GROUP, LLC 0.35% of their portfolio BETHLEHEM, PA 25,15725.2k $720.0k $720.0k 0.35% Reduced -783 -783
10 Syntegra Private Wealth Group, LLC 0.05% of their portfolio Chesterfield, MO 20,35320.4k $582.5k $582.5k 0.05% Unchanged
11 Maia Wealth LLC 0.09% of their portfolio DENVER, CO 19,26719.3k $554.4k $554.4k 0.09% Reduced -2.8k -2,801
12 BRASS TAX WEALTH MANAGEMENT, INC 0.09% of their portfolio CINCINNATI, OH 18,55918.6k $531.2k $531.2k 0.09% Unchanged
13 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 17,12117.1k $490.0k $490.0k 0.03% Reduced -744 -744
14 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 15,33415.3k $438.9k $438.9k 0.01% Reduced -11.2k -11,171
15 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 13,84213.8k $396.2k $396.2k 0.02% Reduced -699 -699
16 Bullseye Investment Management, LLC 0.22% of their portfolio CINCINNATI, OH 13,60713.6k $363.9k $363.9k 0.22% Unchanged
17 Vantage Financial Partners, LLC 0.08% of their portfolio ELM GROVE, WI 13,45813.5k $385.2k $385.2k 0.08% Unchanged
18 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 13,06313.1k $374.0k $374.0k 0.00% Added +179 +179
19 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 11,65411.7k $333.5k $333.5k 0.01% New
20 KFG WEALTH MANAGEMENT, LLC 0.05% of their portfolio GRANGER, IN 11,41711.4k $326.8k $326.8k 0.05% Unchanged
21 Cypress Wealth Services, LLC 0.05% of their portfolio PALM DESERT, CA 11,35711.4k $325.0k $325.0k 0.05% Unchanged
22 Three Seasons Wealth, LLC 0.03% of their portfolio SALT LAKE CITY, UT 10,52010.5k $301.1k $301.1k 0.03% Unchanged
23 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 10,29910.3k $294.8k $294.8k 0.01% Reduced -142 -142
24 Tradition Wealth Management, LLC 0.02% of their portfolio EDINA, MN 9,0659.1k $259.4k $259.4k 0.02% Reduced -760 -760
25 Cornerstone Wealth Group, LLC 0.02% of their portfolio HUNTERSVILLE, NC 8,9609.0k $256.4k $256.4k 0.02% New
26 Applied Capital LLC 0.10% of their portfolio LITTLE ROCK, AR 8,6938.7k $248.8k $248.8k 0.10% Reduced -771 -771
27 Able Wealth Management LLC 0.08% of their portfolio Toms River, NJ 7,7767.8k $222.5k $222.5k 0.08% Unchanged
28 Comprehensive Financial Consultants Institutional, Inc. 0.07% of their portfolio Bloomington, IN 7,3747.4k $211.0k $211.0k 0.07% Unchanged
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,1875.2k $148.5k $148.5k 0.00% Reduced -121 -121
30 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 4,9274.9k $141.0k $141.0k 0.01% Unchanged
31 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 4,1504.2k $119.0k $119.0k 0.01% New
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,4003.4k $97.0k $97.0k 0.00% Reduced -2.6k -2,650
33 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,1463.1k $90.0k $90.0k 0.00% Reduced -1.2k -1,182
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,1582.2k $61.8k $61.8k 0.00% New
35 HARBOR INVESTMENT ADVISORY, LLC 0.01% of their portfolio LUTHERVILLE, MD 2,1282.1k $60.9k $60.9k 0.01% Unchanged
36 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1,7501.8k $50.1k $50.1k 0.00% Unchanged
37 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,2381.2k $35.4k $35.4k 0.00% Unchanged
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,0001.0k $28.6k $28.6k 0.00% New
39 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 962962 $27.5k $27.5k 0.00% Unchanged
40 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 767767 $22.0k $22.0k 0.00% Unchanged
41 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 695695 $19.9k $19.9k 0.00% Added +130 +130
42 Noble Wealth Management PBC 0.01% of their portfolio GREENWOOD VILLAGE, CO 480480 $13.7k $13.7k 0.01% First filing
43 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 180180 $5.2k $5.2k 0.00% New
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 163163 $4.7k $4.7k 0.00% New