Vault-13

INNOVATOR ETFS TRUST ZSEP

EQUITY DEFINED P · ETP · CUSIP 45784N106

81 institutional holders +4 vs Q3 2025
3,086,7743.1m shares reported held*
$82.7mreported value*
10 new 10 added 29 reduced 11 sold out net sold ≈ $21.7m (-812.0k 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 ≈ $26.78.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 53Q4 24: 57Q1 25: 55Q2 25: 58Q3 25: 77Q4 25: 8181Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 202453
Q4 202457
Q1 202555
Q2 202558
Q3 202577
Q4 202581

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 24: 26 bought or addedQ4 24: 19 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 22 cut or sold outQ1 25Q2 25: 10 bought or addedQ2 25: 21 cut or sold outQ2 25Q3 25: 49 bought or addedQ3 25: 18 cut or sold outQ3 25Q4 25: 20 bought or addedQ4 25: 40 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q4 20242619
Q1 20251022
Q2 20251021
Q3 20254918
Q4 20252040

Biggest buyers

BROWN WEALTH MANAGEMENT, LLC New +39,654+39.7k
MORGAN STANLEY New +28,454+28.5k
RAYMOND JAMES FINANCIAL INC Added +28,388+28.4k
OLD MISSION CAPITAL LLC Added +23,349+23.3k
JPMORGAN CHASE & CO New +19,317+19.3k
Waverly Advisors, LLC New +13,330+13.3k
Lloyd Advisory Services, LLC. New +12,952+13.0k
AXXCESS WEALTH MANAGEMENT, LLC New +7,497+7.5k
SageView Advisory Group, LLC New +6,200+6.2k
Integrity Advisory Solutions, LLC Added +6,037+6.0k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -456,992-457.0k
Authentikos Wealth Advisory, LLC Sold out -166,758-166.8k
SYON CAPITAL LLC Sold out -81,569-81.6k
Noble Wealth Management PBC Reduced -56,115-56.1k
JANE STREET GROUP, LLC Sold out -48,486-48.5k
Mach-1 Financial Group, LLC Sold out -31,537-31.5k
HighTower Advisors, LLC Reduced -29,184-29.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -22,615-22.6k
HOWARD BAILEY SECURITIES, LLC Reduced -18,875-18.9k
Kellett Wealth Advisors, LLC Sold out -17,000-17.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIGNATUREFD, LLC 0.12% of their portfolio ATLANTA, GA 282,800282.8k $7.6m $7.6m 0.12% Unchanged
2 Legacy CG, LLC 2.04% of their portfolio PLANO, TX 271,749271.7k $7.3m $7.3m 2.04% Added +2.5k +2,520
3 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 176,722176.7k $4.7m $4.7m 0.03% Reduced -2.8k -2,813
4 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 170,758170.8k $4.6m $4.6m 0.02% Reduced -2.8k -2,845
5 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 159,572159.6k $4.3m $4.3m 0.01% Reduced -22.6k -22,615
6 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 129,425129.4k $3.5m $3.5m 0.00% Reduced -175 -175
7 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 118,160118.2k $3.2m $3.2m 0.00% Reduced -29.2k -29,184
8 KFG WEALTH MANAGEMENT, LLC 0.41% of their portfolio GRANGER, IN 115,070115.1k $3.1m $3.1m 0.41% Reduced -1.3k -1,286
9 Noble Wealth Management PBC 1.48% of their portfolio GREENWOOD VILLAGE, CO 110,320110.3k $3.0m $3.0m 1.48% Reduced -56.1k -56,115
10 Csenge Advisory Group 0.11% of their portfolio CLEARWATER, FL 87,69087.7k $2.3m $2.3m 0.11% Added +3.3k +3,282
11 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 80,96881.0k $2.2m $2.2m 0.00% Reduced -3.6k -3,620
12 HOWARD BAILEY SECURITIES, LLC 0.78% of their portfolio FORT WAYNE, IN 73,82873.8k $2.0m $2.0m 0.78% Reduced -18.9k -18,875
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 71,55571.6k $1.9m $1.9m 0.00% Added +28.4k +28,388
14 CENTAURUS FINANCIAL, INC. 0.07% of their portfolio ANAHEIM, CA 55,97356.0k $1.5m $1.5m 0.07% Reduced -5.9k -5,915
15 Vantage Financial Partners, LLC 0.30% of their portfolio ELM GROVE, WI 55,22855.2k $1.5m $1.5m 0.30% Reduced -33 -33
16 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 52,83652.8k $1.4m $1.4m 0.02% Added +859 +859
17 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 42,84242.8k $1.1m $1.1m 0.00% Added +1.5k +1,522
18 MONEY CONCEPTS CAPITAL CORP 0.06% of their portfolio PALM BEACH GARDENS, FL 42,02342.0k $1.1m $1.1m 0.06% Unchanged
19 BROWN WEALTH MANAGEMENT, LLC 0.28% of their portfolio NAPERVILLE, IL 39,65439.7k $1.1m $1.1m 0.28% New
20 Integrated Wealth Management 1.17% of their portfolio UNIONTOWN, OH 38,78238.8k $1.0m $1.0m 1.17% First filing
21 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 38,42138.4k $1.0m $1.0m 0.04% Added +23.3k +23,349
22 Integrity Advisory Solutions, LLC 0.14% of their portfolio DALLAS, TX 37,57437.6k $1.0m $1.0m 0.14% Added +6.0k +6,037
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 37,24737.2k $997.5k $997.5k 0.00% Added +1.0k +1,000
24 CRA Financial Services, LLC 0.12% of their portfolio NORTHFIELD, NJ 34,83534.8k $932.9k $932.9k 0.12% Reduced -850 -850
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 33,64433.6k $901.0k $901.0k 0.00% Reduced -457.0k -456,992
26 Three Seasons Wealth, LLC 0.08% of their portfolio SALT LAKE CITY, UT 33,05633.1k $885.2k $885.2k 0.08% Unchanged
27 FSA Advisors, Inc. 0.60% of their portfolio TROY, MI 32,15532.2k $861.1k $861.1k 0.60% Reduced -3.6k -3,579
28 TopTier Wealth Management, LLC 0.55% of their portfolio MUSKEGO, WI 30,50030.5k $816.8k $816.8k 0.55% First filing
29 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 29,73229.7k $796.2k $796.2k 0.01% Unchanged
30 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 29,72129.7k $795.9k $795.9k 0.00% Added +4.3k +4,317
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 28,45428.5k $762.0k $762.0k 0.00% New
32 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 27,48827.5k $736.0k $736.0k 0.00% Reduced -530 -530
33 Lineweaver Wealth Advisors, LLC 0.10% of their portfolio VALLEY VIEW, OH 26,67726.7k $714.4k $714.4k 0.10% Unchanged
34 Key Capital Management, INC 0.67% of their portfolio HENDERSONVILLE, TN 37075, TN 25,23425.2k $675.8k $675.8k 0.67% First filing
35 Centennial Advisors, LLC 0.85% of their portfolio AUSTIN, TX 24,36824.4k $652.6k $652.6k 0.85% First filing
36 CENTRAL VALLEY ADVISORS, LLC 0.19% of their portfolio SACRAMENTO, CA 23,81523.8k $637.8k $637.8k 0.19% Unchanged
37 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 21,45321.5k $574.5k $574.5k 0.00% Unchanged
38 Cypress Wealth Services, LLC 0.08% of their portfolio PALM DESERT, CA 21,02821.0k $563.1k $563.1k 0.08% Unchanged
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,31719.3k $517.3k $517.3k 0.00% New
40 Glen Eagle Advisors, LLC 0.07% of their portfolio KINGSTON, NJ 18,25018.2k $488.7k $488.7k 0.07% Reduced -200 -200
41 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 15,57415.6k $417.1k $417.1k 0.00% Unchanged
42 Main Street Financial Solutions, LLC 0.03% of their portfolio NEWTOWN, PA 15,44815.4k $413.7k $413.7k 0.03% Unchanged
43 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 15,17515.2k $406.4k $406.4k 0.01% Reduced -4.3k -4,263
44 Commonwealth Financial Services, LLC 0.07% of their portfolio VIENNA, WV 15,04315.0k $402.9k $402.9k 0.07% Reduced -1.6k -1,631
45 WorthPointe, LLC 0.10% of their portfolio La Jolla, CA 14,68114.7k $393.2k $393.2k 0.10% Reduced -1.7k -1,700
46 Souders Financial Advisors 0.04% of their portfolio CINCINNATI, OH 14,60014.6k $391.0k $391.0k 0.04% Reduced -113 -113
47 Chris Bulman Inc 0.17% of their portfolio ROSEVILLE, CA 14,50414.5k $388.4k $388.4k 0.17% Reduced -311 -311
48 FC Advisory LLC 0.11% of their portfolio WEST CHESTER, PA 14,05414.1k $376.4k $376.4k 0.11% Unchanged
49 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 13,85513.9k $371.0k $371.0k 0.01% Unchanged
50 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 13,33013.3k $357.0k $357.0k 0.00% New
51 Lloyd Advisory Services, LLC. 0.13% of their portfolio SUWANEE, GA 12,95213.0k $346.9k $346.9k 0.13% New
52 AdvisorNet Financial, Inc 0.02% of their portfolio MINNETONKA, MN 12,79212.8k $342.6k $342.6k 0.02% Unchanged
53 MTM FINANCIAL GROUP, LLC 0.16% of their portfolio BETHLEHEM, PA 12,75412.8k $341.6k $341.6k 0.16% Unchanged
54 Trek Financial, LLC 0.02% of their portfolio Scottsdale, AZ 12,23112.2k $327.5k $327.5k 0.02% Reduced -974 -974
55 Archer Investment Corp 0.07% of their portfolio Carmel, IN 11,88011.9k $318.1k $318.1k 0.07% Reduced -5.2k -5,194
56 Insight Wealth Partners, LLC 0.12% of their portfolio Plano, TX 10,48410.5k $280.8k $280.8k 0.12% Reduced -648 -648
57 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 9,97010.0k $267.0k $267.0k 0.01% Reduced -59 -59
58 Soltis Investment Advisors LLC 0.02% of their portfolio ST. GEORGE, UT 9,8219.8k $263.0k $263.0k 0.02% Reduced -824 -824
59 WPWealth LLP 0.04% of their portfolio FORT WORTH, TX 9,6459.6k $258.3k $258.3k 0.04% Reduced -2.0k -2,035
60 Sound View Wealth Advisors Group, LLC 0.02% of their portfolio SAVANNAH, GA 9,2549.3k $247.8k $247.8k 0.02% Unchanged
61 HFG Wealth Management, LLC 0.13% of their portfolio The Woodlands, TX 8,5258.5k $228.3k $228.3k 0.13% Reduced -28 -28
62 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 8,4958.5k $227.5k $227.5k 0.00% Unchanged
63 Marshall Financial Group, LLC 0.04% of their portfolio Hunt Valley, MD 8,1198.1k $217.4k $217.4k 0.04% Unchanged
64 Aegis Wealth Management, Inc. 0.17% of their portfolio Guthrie Center, IA 7,8787.9k $211.0k $211.0k 0.17% First filing
65 Advisory Alpha, LLC 0.01% of their portfolio HOLLAND, MI 7,8207.8k $209.4k $209.4k 0.01% Unchanged
66 AXXCESS WEALTH MANAGEMENT, LLC 0.00% of their portfolio CARLSBAD, CA 7,4977.5k $200.8k $200.8k 0.00% New
67 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 6,2006.2k $166.0k $166.0k 0.01% New
68 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,7584.8k $127.4k $127.4k 0.00% Unchanged
69 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,5124.5k $120.8k $120.8k 0.00% Unchanged
70 HARBOR INVESTMENT ADVISORY, LLC 0.01% of their portfolio LUTHERVILLE, MD 3,9984.0k $107.1k $107.1k 0.01% Unchanged
71 EVOLUTION WEALTH MANAGEMENT INC. 0.05% of their portfolio FORT MYERS, FL 2,3902.4k $64.0k $64.0k 0.05% Reduced -91 -91
72 Networth Advisors, LLC 0.03% of their portfolio CANONSBURG, PA 1,6591.7k $44.4k $44.4k 0.03% First filing
73 Financial Network Wealth Advisors LLC 0.04% of their portfolio MURRAY, UT 1,4441.4k $38.7k $38.7k 0.04% Unchanged
74 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,3501.4k $36.2k $36.2k 0.00% Added +223 +223
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0701.1k $28.7k $28.7k 0.00% Unchanged
76 Triumph Capital Management 0.01% of their portfolio DENVER, CO 1,0001.0k $26.8k $26.8k 0.01% New
77 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 996996 $27.0k $27.0k 0.00% Unchanged
78 DHJJ Financial Advisors, Ltd. 0.01% of their portfolio NAPERVILLE, IL 950950 $25.4k $25.4k 0.01% Unchanged
79 IMG Wealth Management, Inc. 0.01% of their portfolio JACKSONVILLE, FL 569569 $15.2k $15.2k 0.01% Unchanged
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 451451 $12.1k $12.1k 0.00% New
81 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 122122 $3.3k $3.3k 0.00% New