Vault-13

INNOVATOR ETFS TRUST ZDEK

EQUITY DEFINED P · ETP · CUSIP 45784N858

67 institutional holders +0 vs Q2 2025
2,386,5192.4m shares reported held*
$60.3mreported value*
10 new 5 added 30 reduced 11 sold out net sold ≈ $25.3m (-1.0m 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 ≈ $25.26.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q4 24: 40Q1 25: 65Q2 25: 67Q3 25: 6767Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q4 202440
Q1 202565
Q2 202567
Q3 202567

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 25: 47 bought or addedQ1 25: 6 cut or sold outQ1 25Q2 25: 28 bought or addedQ2 25: 25 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 41 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q1 2025476
Q2 20252825
Q3 20251541

Biggest buyers

PFG Private Wealth Management, LLC New +20,940+20.9k
Beacon Pointe Advisors, LLC New +16,489+16.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +15,435+15.4k
Clear Creek Financial Management, LLC New +14,813+14.8k
Focus Partners Advisor Solutions, LLC Added +14,310+14.3k
LPL Financial LLC New +11,710+11.7k
RPS ADVISORY SOLUTIONS LLC New +11,387+11.4k
Farther Finance Advisors, LLC Added +6,000+6.0k
Advisory Services Network, LLC New +2,000+2.0k
CITADEL ADVISORS LLC Added +1,934+1.9k

Biggest sellers

Legacy CG, LLC Sold out -275,971-276.0k
AE Wealth Management LLC Reduced -218,054-218.1k
HARBOUR INVESTMENTS, INC. Reduced -120,047-120.0k
HOWARD BAILEY SECURITIES, LLC Reduced -85,417-85.4k
Csenge Advisory Group Reduced -63,715-63.7k
MML INVESTORS SERVICES, LLC Sold out -50,110-50.1k
JANE STREET GROUP, LLC Sold out -42,752-42.8k
Kingsview Wealth Management, LLC Reduced -37,372-37.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -24,688-24.7k
RAYMOND JAMES FINANCIAL INC Reduced -21,078-21.1k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CARY STREET PARTNERS FINANCIAL LLC 0.14% of their portfolio RICHMOND, VA 217,254217.3k $5.5m $5.5m 0.14% Reduced -9.0k -9,014
2 HARBOUR INVESTMENTS, INC. 0.11% of their portfolio MADISON, WI 193,450193.4k $4.9m $4.9m 0.11% Reduced -120.0k -120,047
3 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 164,995165.0k $4.2m $4.2m 0.01% Reduced -24.7k -24,688
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 155,834155.8k $3.9m $3.9m 0.00% Reduced -21.1k -21,078
5 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 116,029116.0k $2.9m $2.9m 0.02% Reduced -218.1k -218,054
6 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 110,134110.1k $2.8m $2.8m 0.01% Reduced -8.1k -8,078
7 KFG WEALTH MANAGEMENT, LLC 0.29% of their portfolio GRANGER, IN 80,29980.3k $2.0m $2.0m 0.29% Unchanged
8 Prasad Wealth Partners, LLC 0.54% of their portfolio INDEPENDENCE, OH 76,13576.1k $1.9m $1.9m 0.54% Unchanged
9 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 69,83669.8k $1.8m $1.8m 0.00% Reduced -3.7k -3,658
10 Owen LaRue, LLC 0.67% of their portfolio ELIZABETHTOWN, KY 67,78167.8k $1.7m $1.7m 0.67% Reduced -545 -545
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 66,19466.2k $1.7m $1.7m 0.00% Reduced -10.8k -10,792
12 Independent Wealth Network Inc. 0.52% of their portfolio URBANDALE, IA 63,98764.0k $1.6m $1.6m 0.52% Reduced -870 -870
13 CENTAURUS FINANCIAL, INC. 0.07% of their portfolio ANAHEIM, CA 57,68557.7k $1.5m $1.5m 0.07% Reduced -1.2k -1,192
14 Archer Investment Corp 0.30% of their portfolio Carmel, IN 52,04652.0k $1.3m $1.3m 0.30% Reduced -2.4k -2,367
15 HOWARD BAILEY SECURITIES, LLC 0.37% of their portfolio FORT WAYNE, IN 51,62951.6k $1.3m $1.3m 0.37% Reduced -85.4k -85,417
16 FC Advisory LLC 0.35% of their portfolio WEST CHESTER, PA 47,49947.5k $1.2m $1.2m 0.35% Reduced -482 -482
17 Csenge Advisory Group 0.06% of their portfolio CLEARWATER, FL 46,95747.0k $1.2m $1.2m 0.06% Reduced -63.7k -63,715
18 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 37,73537.7k $953.2k $953.2k 0.01% Reduced -2.2k -2,212
19 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 36,96237.0k $943.5k $943.5k 0.01% Added +14.3k +14,310
20 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 35,06335.1k $885.7k $885.7k 0.01% Unchanged
21 Trek Financial, LLC 0.05% of their portfolio Scottsdale, AZ 34,27634.3k $865.8k $865.8k 0.05% Unchanged
22 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 32,06732.1k $810.0k $810.0k 0.01% Reduced -37.4k -37,372
23 BRASS TAX WEALTH MANAGEMENT, INC 0.13% of their portfolio CINCINNATI, OH 30,75530.8k $776.9k $776.9k 0.13% Unchanged
24 Capital Analysts, LLC 0.02% of their portfolio FORT WASHINGTON, PA 30,61230.6k $773.0k $773.0k 0.02% Unchanged
25 Marshall Financial Group, LLC 0.15% of their portfolio Hunt Valley, MD 29,52029.5k $745.7k $745.7k 0.15% Unchanged
26 FSA Advisors, Inc. 0.55% of their portfolio TROY, MI 27,61627.6k $697.6k $697.6k 0.55% Reduced -11.5k -11,528
27 Allegiance Financial Group Advisory Services LLC 0.13% of their portfolio VIENNA, VA 22,65222.7k $572.2k $572.2k 0.13% Unchanged
28 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 21,40021.4k $540.6k $540.6k 0.01% Reduced -3.0k -3,000
29 PFG Private Wealth Management, LLC 0.24% of their portfolio LUTZ, FL 20,94020.9k $528.9k $528.9k 0.24% New
30 Integrity Wealth Solutions LLC 0.24% of their portfolio DENVER, CO 20,94020.9k $528.9k $528.9k 0.24% Unchanged
31 AssuredPartners Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 19,22619.2k $485.6k $485.6k 0.11% Reduced -4.1k -4,079
32 Alpine Bank Wealth Management 0.07% of their portfolio GRAND JUNCTION, CO 18,75018.8k $473.6k $473.6k 0.07% Unchanged
33 Vantage Financial Partners, LLC 0.09% of their portfolio ELM GROVE, WI 17,48617.5k $441.7k $441.7k 0.09% Reduced -754 -754
34 Lineweaver Wealth Advisors, LLC 0.06% of their portfolio VALLEY VIEW, OH 17,09317.1k $431.8k $431.8k 0.06% Unchanged
35 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 16,51116.5k $417.0k $417.0k 0.00% Reduced -2.2k -2,186
36 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 16,48916.5k $416.5k $416.5k 0.00% New
37 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 16,03916.0k $405.1k $405.1k 0.01% Reduced -15.7k -15,744
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,43515.4k $389.9k $389.9k 0.00% New
39 ROTHSCHILD INVESTMENT LLC 0.02% of their portfolio CHICAGO, IL 15,20015.2k $384.0k $384.0k 0.02% Unchanged
40 Clear Creek Financial Management, LLC 0.03% of their portfolio SILVERDALE, WA 14,81314.8k $374.2k $374.2k 0.03% New
41 GWN SECURITIES INC. 0.09% of their portfolio Palm Beach Gardens, FL 14,80014.8k $373.9k $373.9k 0.09% Added +598 +598
42 Tradition Wealth Management, LLC 0.03% of their portfolio EDINA, MN 14,28114.3k $360.7k $360.7k 0.03% Reduced -20 -20
43 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 12,00412.0k $303.0k $303.0k 0.01% Reduced -2.6k -2,625
44 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 11,71011.7k $295.8k $295.8k 0.00% New
45 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 11,69311.7k $295.0k $295.0k 0.00% Reduced -7.5k -7,497
46 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 11,51111.5k $290.8k $290.8k 0.01% Unchanged
47 RPS ADVISORY SOLUTIONS LLC 0.14% of their portfolio LOUISVILLE, KY 11,38711.4k $287.6k $287.6k 0.14% New
48 Sonoma Allocations LLC 0.10% of their portfolio SANTA ROSA, CA 10,77610.8k $271.6k $271.6k 0.10% First filing
49 First Commonwealth Financial Corp /PA/ 0.04% of their portfolio Indiana, PA 10,39510.4k $262.6k $262.6k 0.04% Unchanged
50 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,35010.3k $261.4k $261.4k 0.00% Added +1.9k +1,934
51 SAGESPRING WEALTH PARTNERS, LLC 0.00% of their portfolio FRANKLIN, TN 10,08410.1k $254.7k $254.7k 0.00% Unchanged
52 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,1889.2k $232.1k $232.1k 0.00% Unchanged
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 8,9679.0k $227.0k $227.0k 0.00% Unchanged
54 Chris Bulman Inc 0.10% of their portfolio ROSEVILLE, CA 8,2848.3k $209.3k $209.3k 0.10% Unchanged
55 IMG Wealth Management, Inc. 0.14% of their portfolio JACKSONVILLE, FL 8,2068.2k $207.3k $207.3k 0.14% Unchanged
56 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 7,7537.8k $195.8k $195.8k 0.01% Reduced -5.2k -5,213
57 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6,6266.6k $167.4k $167.4k 0.00% Added +6.0k +6,000
58 EVOLUTION WEALTH MANAGEMENT INC. 0.16% of their portfolio FORT MYERS, FL 6,0866.1k $153.7k $153.7k 0.16% Reduced -1.0k -1,006
59 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,6935.7k $143.8k $143.8k 0.00% Reduced -2.4k -2,367
60 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,6083.6k $91.1k $91.1k 0.00% Added +220 +220
61 Noble Wealth Management PBC 0.04% of their portfolio GREENWOOD VILLAGE, CO 3,2093.2k $81.1k $81.1k 0.04% First filing
62 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2,0002.0k $50.5k $50.5k 0.00% New
63 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 1,0461.0k $26.4k $26.4k 0.00% Unchanged
64 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 700700 $17.7k $17.7k 0.00% New
65 UBS Group AG 0.00% of their portfolio ZURICH, V8 553553 $14.0k $14.0k 0.00% Reduced -2.5k -2,452
66 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 185185 $4.7k $4.7k 0.00% New
67 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 100100 $2.5k $2.5k 0.00% New