Vault-13

INNOVATOR ETFS TRUST KDEC

US SMALL CAP PWR · ETP · CUSIP 45784N833

67 institutional holders +15 vs Q3 2025
2,198,6382.2m shares reported held*
$56.2mreported value*
19 new 22 added 14 reduced 8 sold out net bought ≈ $16.1m (+630.0k 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 ≈ $25.55.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q4 24: 37Q1 25: 46Q2 25: 47Q3 25: 52Q4 25: 6767Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q4 202437
Q1 202546
Q2 202547
Q3 202552
Q4 202567

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 25: 30 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 18 bought or addedQ2 25: 23 cut or sold outQ2 25Q3 25: 22 bought or addedQ3 25: 20 cut or sold outQ3 25Q4 25: 41 bought or addedQ4 25: 22 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2025308
Q2 20251823
Q3 20252220
Q4 20254122

Biggest buyers

Cresset Asset Management, LLC New +228,668+228.7k
Crown Wealth Group, LLC New +126,327+126.3k
Catalina Capital Group, LLC Added +64,941+64.9k
Procyon Advisors, LLC New +60,995+61.0k
SageView Advisory Group, LLC Added +43,087+43.1k
AE Wealth Management LLC Added +40,272+40.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +38,847+38.8k
BLAIR WILLIAM & CO/IL Added +38,250+38.2k
Sigma Planning Corp New +35,021+35.0k
CORRADO ADVISORS, LLC Added +27,509+27.5k

Biggest sellers

Mutual Advisors, LLC Sold out -179,288-179.3k
Focus Partners Advisor Solutions, LLC Sold out -18,282-18.3k
CITADEL ADVISORS LLC Sold out -15,340-15.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -13,476-13.5k
Acorn Wealth Advisors, LLC Sold out -11,999-12.0k
Phoenix Financial Ltd. Reduced -11,751-11.8k
MERCER GLOBAL ADVISORS INC /ADV Sold out -10,096-10.1k
COMMONS CAPITAL, LLC Sold out -8,209-8.2k
Cambridge Investment Research Advisors, Inc. Reduced -8,152-8.2k
Koshinski Asset Management, Inc. Reduced -4,700-4.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 228,668228.7k $5.8m $5.8m 0.02% New
2 SageView Advisory Group, LLC 0.18% of their portfolio Newport Beach, CA 212,310212.3k $5.4m $5.4m 0.18% Added +43.1k +43,087
3 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 205,082205.1k $5.2m $5.2m 0.01% Added +38.2k +38,250
4 Crown Wealth Group, LLC 0.90% of their portfolio Charlotte, NC 126,327126.3k $3.2m $3.2m 0.90% New
5 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 126,082126.1k $3.2m $3.2m 0.00% Added +38.8k +38,847
6 Catalina Capital Group, LLC 1.58% of their portfolio Torrance, CA 100,883100.9k $2.6m $2.6m 1.58% Added +64.9k +64,941
7 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 100,162100.2k $2.6m $2.6m 0.00% Added +11.3k +11,295
8 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 78,97079.0k $2.0m $2.0m 0.01% Reduced -8.2k -8,152
9 CORRADO ADVISORS, LLC 0.90% of their portfolio RAMSEY, NJ 69,85869.9k $1.8m $1.8m 0.90% Added +27.5k +27,509
10 Procyon Advisors, LLC 0.08% of their portfolio SHELTON, CT 60,99561.0k $1.6m $1.6m 0.08% New
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 56,92456.9k $1.5m $1.5m 0.00% Added +24.3k +24,272
12 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 47,48447.5k $1.2m $1.2m 0.02% Added +21.1k +21,066
13 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 45,09945.1k $1.2m $1.2m 0.01% Added +40.3k +40,272
14 Berkshire Money Management, Inc. 0.09% of their portfolio DALTON, MA 38,95139.0k $994.9k $994.9k 0.09% Reduced -169 -169
15 First Commonwealth Financial Corp /PA/ 0.15% of their portfolio Indiana, PA 35,89435.9k $916.8k $916.8k 0.15% Added +3.0k +2,979
16 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 35,27035.3k $900.9k $900.9k 0.00% Added +10.9k +10,888
17 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 35,02135.0k $894.5k $894.5k 0.02% New
18 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 34,78334.8k $888.4k $888.4k 0.01% Added +195 +195
19 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 34,75134.8k $887.6k $887.6k 0.02% Added +1.0k +1,027
20 OPTIMA CAPITAL LLC 0.33% of their portfolio PORTLAND, OR 30,12430.1k $769.4k $769.4k 0.33% Reduced -4.6k -4,586
21 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 29,82029.8k $761.7k $761.7k 0.03% Added +21.2k +21,191
22 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 28,50728.5k $728.1k $728.1k 0.00% Reduced -4.4k -4,426
23 Outlook Wealth Advisors, LLC 0.16% of their portfolio SHENANDOAH, TX 27,61327.6k $705.3k $705.3k 0.16% Added +302 +302
24 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 26,98227.0k $689.2k $689.2k 0.00% New
25 TopTier Wealth Management, LLC 0.44% of their portfolio MUSKEGO, WI 25,34525.3k $647.4k $647.4k 0.44% First filing
26 Weaver Consulting Group 0.14% of their portfolio HUNTINGTON BEACH, CA 22,24722.2k $568.2k $568.2k 0.14% Reduced -20 -20
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,96520.0k $510.0k $510.0k 0.00% New
28 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 19,90019.9k $508.3k $508.3k 0.00% Reduced -170 -170
29 SIGNATUREFD, LLC 0.01% of their portfolio ATLANTA, GA 17,99818.0k $459.7k $459.7k 0.01% Unchanged
30 Beacon Financial Advisory LLC 0.10% of their portfolio CLEVELAND, OH 16,08516.1k $410.9k $410.9k 0.10% Unchanged
31 Annis Gardner Whiting Capital Advisors, LLC 0.08% of their portfolio TAMPA, FL 15,52515.5k $396.5k $396.5k 0.08% Unchanged
32 Koshinski Asset Management, Inc. 0.02% of their portfolio DECATUR, IL 15,11015.1k $385.9k $385.9k 0.02% Reduced -4.7k -4,700
33 Grantvest Financial Group LLC 0.24% of their portfolio MATAWAN, NJ 14,96315.0k $382.2k $382.2k 0.24% Reduced -195 -195
34 Diligent Investors, LLC 0.09% of their portfolio REDLANDS, CA 14,85014.8k $379.3k $379.3k 0.09% Added +5.3k +5,350
35 Miller Financial Services LLC 0.42% of their portfolio MARSHALL, MI 14,04114.0k $358.6k $358.6k 0.42% Reduced -410 -410
36 WEALTH ALLIANCE, LLC 0.03% of their portfolio MELLVILLE, NY 13,81613.8k $352.9k $352.9k 0.03% Added +5.7k +5,740
37 FSA Advisors, Inc. 0.24% of their portfolio TROY, MI 13,63713.6k $348.3k $348.3k 0.24% Added +93 +93
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,90012.9k $329.5k $329.5k 0.00% Reduced -2.5k -2,494
39 Faithward Advisors, LLC 0.04% of their portfolio LANCASTER, PA 11,91511.9k $304.3k $304.3k 0.04% New
40 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 11,51811.5k $294.2k $294.2k 0.01% Added +1.6k +1,628
41 Keating Financial Advisory Services, Inc. 0.04% of their portfolio MANHATTAN, KS 11,47011.5k $293.0k $293.0k 0.04% First filing
42 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 11,45011.4k $292.5k $292.5k 0.00% New
43 PFS Partners, LLC 0.13% of their portfolio MINE HILL, NJ 10,98711.0k $280.6k $280.6k 0.13% New
44 Liberty Atlantic Advisors LLC 0.27% of their portfolio ALLEN, TX 10,60410.6k $270.9k $270.9k 0.27% First filing
45 Phoenix Financial Ltd. 0.00% of their portfolio Givatayim, L3 9,6059.6k $245.6k $245.6k 0.00% Reduced -11.8k -11,751
46 FIDUCIARY FINANCIAL GROUP, LLC 0.03% of their portfolio SAN RAFAEL, CA 9,5309.5k $243.4k $243.4k 0.03% New
47 Allegiance Financial Group Advisory Services LLC 0.05% of their portfolio VIENNA, VA 9,1419.1k $233.5k $233.5k 0.05% Reduced -2.0k -2,000
48 WEALTHGARDEN F.S. LLC 0.14% of their portfolio EL SEGUNDO, CA 8,0998.1k $214.2k $214.2k 0.14% New
49 Alaska Permanent Capital Management, LLC 0.01% of their portfolio ANCHORAGE, AK 6,7716.8k $173.7k $173.7k 0.01% New
50 DHJJ Financial Advisors, Ltd. 0.05% of their portfolio NAPERVILLE, IL 6,1396.1k $156.8k $156.8k 0.05% Added +3.0k +2,962
51 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,2604.3k $108.8k $108.8k 0.00% Added +1.9k +1,948
52 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 4,2464.2k $108.5k $108.5k 0.00% New
53 WealthShield Partners, LLC 0.01% of their portfolio CARY, NC 4,0004.0k $102.2k $102.2k 0.01% Unchanged
54 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2,2292.2k $56.9k $56.9k 0.00% New
55 Noble Wealth Management PBC 0.03% of their portfolio GREENWOOD VILLAGE, CO 2,1252.1k $54.3k $54.3k 0.03% Added +575 +575
56 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,0802.1k $53.1k $53.1k 0.00% Reduced -700 -700
57 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,8001.8k $46.0k $46.0k 0.00% Unchanged
58 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,5111.5k $38.6k $38.6k 0.00% Unchanged
59 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 1,4421.4k $37.0k $37.0k 0.00% New
60 Financial Network Wealth Advisors LLC 0.03% of their portfolio MURRAY, UT 1,1591.2k $29.6k $29.6k 0.03% New
61 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,0001.0k $25.5k $25.5k 0.00% Unchanged
62 RED REEF ADVISORS LLC 0.02% of their portfolio BOCA RATON, FL 787787 $20.1k $20.1k 0.02% First filing
63 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 0.00% of their portfolio BERMUDA RUN, NC 600600 $15.3k $15.3k 0.00% New
64 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 594594 $15.2k $15.2k 0.00% New
65 Atlantic Private Wealth, LLC 0.01% of their portfolio CHAPEL HILL, NC 371371 $9.5k $9.5k 0.01% Reduced -4.5k -4,531
66 CWM, LLC 0.00% of their portfolio OMAHA, NE 163163 $4.0k $4.0k 0.00% Unchanged
67 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 100100 $2.6k $2.6k 0.00% New