Vault-13

INNOVATOR ETFS TRUST ZNOV

EQUITY DEFINED P · ETP · CUSIP 45784N809

79 institutional holders +43 vs Q3 2025
2,789,7912.8m shares reported held*
$74.4mreported value*
40 new 19 added 12 reduced 2 sold out net bought ≈ $43.9m (+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. Holder counts are more reliable. Implied quarter-end price ≈ $26.68.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 24: 23Q1 25: 33Q2 25: 31Q3 25: 36Q4 25: 7979Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q4 202423
Q1 202533
Q2 202531
Q3 202536
Q4 202579

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 25: 15 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 12 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 19 bought or addedQ3 25: 11 cut or sold outQ3 25Q4 25: 59 bought or addedQ4 25: 14 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2025159
Q2 20251215
Q3 20251911
Q4 20255914

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +304,353+304.4k
TRUIST FINANCIAL CORP New +121,884+121.9k
SYON CAPITAL LLC New +114,589+114.6k
HARBOUR INVESTMENTS, INC. New +89,182+89.2k
AE Wealth Management LLC Added +89,038+89.0k
NewEdge Advisors, LLC Added +83,585+83.6k
COMMONWEALTH EQUITY SERVICES, LLC Added +70,094+70.1k
RAYMOND JAMES FINANCIAL INC New +62,368+62.4k
BROWN WEALTH MANAGEMENT, LLC New +60,150+60.1k
AXXCESS WEALTH MANAGEMENT, LLC New +56,516+56.5k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -51,492-51.5k
OLD MISSION CAPITAL LLC Reduced -16,189-16.2k
Orion Porfolio Solutions, LLC Reduced -11,106-11.1k
CWM, LLC Reduced -10,892-10.9k
FC Advisory LLC Sold out -10,374-10.4k
Encompass More Asset Management Reduced -9,954-10.0k
Ashton Thomas Private Wealth, LLC Reduced -7,526-7.5k
Cypress Wealth Services, LLC Reduced -4,013-4.0k
BLAIR WILLIAM & CO/IL Reduced -4,000-4.0k
Global Retirement Partners, LLC Reduced -2,147-2.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 314,773314.8k $8.4m $8.4m 0.02% Added +304.4k +304,353
2 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 254,108254.1k $6.8m $6.8m 0.02% Added +83.6k +83,585
3 CWM, LLC 0.01% of their portfolio OMAHA, NE 134,998135.0k $3.6m $3.6m 0.01% Reduced -10.9k -10,892
4 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 125,951126.0k $3.4m $3.4m 0.00% Added +70.1k +70,094
5 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 121,884121.9k $3.3m $3.3m 0.00% New
6 SYON CAPITAL LLC 0.15% of their portfolio SAN FRANCISCO, CA 114,589114.6k $3.1m $3.1m 0.15% New
7 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 97,08597.1k $2.6m $2.6m 0.01% Added +42.6k +42,567
8 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 90,60190.6k $2.4m $2.4m 0.01% Added +89.0k +89,038
9 HARBOUR INVESTMENTS, INC. 0.05% of their portfolio MADISON, WI 89,18289.2k $2.4m $2.4m 0.05% New
10 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 81,67581.7k $2.2m $2.2m 0.01% Reduced -4.0k -4,000
11 Triad Wealth Partners, LLC 0.19% of their portfolio LAWRENCE, KS 75,80075.8k $2.0m $2.0m 0.19% Added +33.2k +33,166
12 Lineweaver Wealth Advisors, LLC 0.24% of their portfolio VALLEY VIEW, OH 64,70664.7k $1.7m $1.7m 0.24% Added +51.7k +51,743
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 62,36862.4k $1.7m $1.7m 0.00% New
14 BROWN WEALTH MANAGEMENT, LLC 0.42% of their portfolio NAPERVILLE, IL 60,15060.1k $1.6m $1.6m 0.42% New
15 Cypress Wealth Services, LLC 0.22% of their portfolio PALM DESERT, CA 59,88859.9k $1.6m $1.6m 0.22% Reduced -4.0k -4,013
16 AXXCESS WEALTH MANAGEMENT, LLC 0.03% of their portfolio CARLSBAD, CA 56,51656.5k $1.5m $1.5m 0.03% New
17 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 50,57950.6k $1.3m $1.3m 0.00% Added +36.5k +36,450
18 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 48,27548.3k $1.3m $1.3m 0.03% Reduced -7.5k -7,526
19 Csenge Advisory Group 0.06% of their portfolio CLEARWATER, FL 46,23046.2k $1.2m $1.2m 0.06% New
20 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 44,26444.3k $1.2m $1.2m 0.01% Added +26.4k +26,384
21 HOWARD BAILEY SECURITIES, LLC 0.41% of their portfolio FORT WAYNE, IN 39,03139.0k $1.0m $1.0m 0.41% New
22 Authentikos Wealth Advisory, LLC 0.64% of their portfolio MORGAN HILL, CA 36,15136.2k $964.3k $964.3k 0.64% New
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 35,93935.9k $958.6k $958.6k 0.00% Added +24.8k +24,845
24 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 35,21235.2k $939.3k $939.3k 0.01% Reduced -11.1k -11,106
25 AdvisorNet Financial, Inc 0.05% of their portfolio MINNETONKA, MN 34,52134.5k $920.8k $920.8k 0.05% Unchanged
26 Summit Wealth Partners, LLC 0.16% of their portfolio Orlando, FL 32,94032.9k $878.7k $878.7k 0.16% New
27 Encompass More Asset Management 0.14% of their portfolio Danville, CA 27,92327.9k $744.8k $744.8k 0.14% Reduced -10.0k -9,954
28 KFG WEALTH MANAGEMENT, LLC 0.10% of their portfolio GRANGER, IN 27,36327.4k $729.9k $729.9k 0.10% New
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 25,31825.3k $675.3k $675.3k 0.00% Added +10.8k +10,808
30 CENTRAL VALLEY ADVISORS, LLC 0.19% of their portfolio SACRAMENTO, CA 23,63323.6k $630.4k $630.4k 0.19% New
31 Prostatis Group LLC 0.14% of their portfolio HANOVER, MD 22,26722.3k $594.0k $594.0k 0.14% New
32 Vantage Financial Partners, LLC 0.12% of their portfolio ELM GROVE, WI 21,90221.9k $584.2k $584.2k 0.12% Added +12.5k +12,481
33 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 19,88619.9k $530.4k $530.4k 0.02% Reduced -16.2k -16,189
34 CANANDAIGUA NATIONAL BANK & TRUST CO 0.05% of their portfolio CANANDAIGUA, NY 19,82519.8k $528.8k $528.8k 0.05% New
35 Integrated Wealth Management 0.58% of their portfolio UNIONTOWN, OH 19,42419.4k $518.1k $518.1k 0.58% First filing
36 FSA Advisors, Inc. 0.35% of their portfolio TROY, MI 18,76118.8k $500.4k $500.4k 0.35% Added +10.9k +10,864
37 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 17,39317.4k $463.9k $463.9k 0.03% New
38 Archer Investment Corp 0.10% of their portfolio Carmel, IN 16,51216.5k $440.4k $440.4k 0.10% Reduced -1.8k -1,793
39 Chris Bulman Inc 0.17% of their portfolio ROSEVILLE, CA 14,24814.2k $380.1k $380.1k 0.17% Added +5.4k +5,416
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,90413.9k $370.9k $370.9k 0.00% Reduced -51.5k -51,492
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,58513.6k $363.3k $363.3k 0.00% New
42 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 13,40713.4k $358.0k $358.0k 0.02% New
43 Key Capital Management, INC 0.35% of their portfolio HENDERSONVILLE, TN 37075, TN 13,30013.3k $354.8k $354.8k 0.35% First filing
44 Cassady Wealth & Retirement Planning, LLC 0.22% of their portfolio HENDERSON, NV 12,92312.9k $344.7k $344.7k 0.22% First filing
45 Centennial Advisors, LLC 0.45% of their portfolio AUSTIN, TX 12,85212.9k $342.8k $342.8k 0.45% First filing
46 Marshall Financial Group, LLC 0.07% of their portfolio Hunt Valley, MD 12,58212.6k $335.6k $335.6k 0.07% Unchanged
47 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 11,90511.9k $317.6k $317.6k 0.00% New
48 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 11,23011.2k $299.6k $299.6k 0.01% New
49 Nicholas Wealth, LLC. 0.20% of their portfolio MARIETTA, GA 11,12211.1k $296.7k $296.7k 0.20% New
50 SYKON CAPITAL LLC 0.09% of their portfolio HARRISON, NY 10,50010.5k $280.1k $280.1k 0.09% New
51 Legacy Capital Wealth Partners, LLC 0.06% of their portfolio LITTLE ROCK, AR 10,39210.4k $277.2k $277.2k 0.06% New
52 BridgePort Financial Solutions, LLC 0.07% of their portfolio FAIRFIELD, IA 10,34110.3k $275.8k $275.8k 0.07% New
53 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,29110.3k $274.5k $274.5k 0.00% New
54 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,8759.9k $263.4k $263.4k 0.00% New
55 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 9,8649.9k $263.1k $263.1k 0.01% Reduced -853 -853
56 IMG Wealth Management, Inc. 0.15% of their portfolio JACKSONVILLE, FL 8,9569.0k $238.9k $238.9k 0.15% Unchanged
57 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 8,3988.4k $224.0k $224.0k 0.01% New
58 GWN SECURITIES INC. 0.04% of their portfolio Palm Beach Gardens, FL 8,1308.1k $216.9k $216.9k 0.04% New
59 Lifestyle Asset Management, Inc. 0.07% of their portfolio FRIENDSWOOD, TX 8,0898.1k $215.8k $215.8k 0.07% New
60 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 8,0288.0k $214.1k $214.1k 0.01% Added +3 +3
61 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 7,9998.0k $213.4k $213.4k 0.00% Added +6.0k +6,007
62 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7,8497.8k $209.4k $209.4k 0.00% New
63 WEALTHGARDEN F.S. LLC 0.14% of their portfolio EL SEGUNDO, CA 7,8257.8k $209.9k $209.9k 0.14% New
64 Tradition Wealth Management, LLC 0.01% of their portfolio EDINA, MN 7,7317.7k $206.2k $206.2k 0.01% New
65 Rossmore Private Capital 0.02% of their portfolio GLASTONBURY, CT 7,6807.7k $204.9k $204.9k 0.02% New
66 Phoenix Wealth Advisors 0.08% of their portfolio CHAPEL HILL, NC 7,5407.5k $201.1k $201.1k 0.08% New
67 Lloyd Advisory Services, LLC. 0.07% of their portfolio SUWANEE, GA 6,8496.8k $182.7k $182.7k 0.07% New
68 OPTIMA CAPITAL LLC 0.07% of their portfolio PORTLAND, OR 6,3916.4k $170.5k $170.5k 0.07% New
69 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,7643.8k $100.4k $100.4k 0.00% New
70 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 3,0003.0k $80.0k $80.0k 0.00% New
71 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,7942.8k $74.5k $74.5k 0.00% New
72 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 2,0042.0k $53.0k $53.0k 0.00% Reduced -1.0k -1,002
73 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,6151.6k $43.1k $43.1k 0.00% Reduced -2.1k -2,147
74 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,3591.4k $36.3k $36.3k 0.00% Added +575 +575
75 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,2981.3k $34.6k $34.6k 0.00% Added +863 +863
76 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 0.00% of their portfolio BERMUDA RUN, NC 1,0001.0k $26.7k $26.7k 0.00% New
77 Networth Advisors, LLC 0.02% of their portfolio CANONSBURG, PA 873873 $23.3k $23.3k 0.02% First filing
78 UBS Group AG 0.00% of their portfolio ZURICH, V8 504504 $13.4k $13.4k 0.00% Added +503 +503
79 Millstone Evans Group, LLC 0.00% of their portfolio BOULDER, CO 171171 $4.6k $4.6k 0.00% New