Vault-13

INNOVATOR ETFS TRUST ZDEK

EQUITY DEFINED P · ETP · CUSIP 45784N858

89 institutional holders +22 vs Q3 2025
3,058,5913.1m shares reported held*
$78.7mreported value*
28 new 29 added 15 reduced 8 sold out net bought ≈ $17.8m (+692.3k 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 ≈ $25.74.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 24: 40Q1 25: 65Q2 25: 67Q3 25: 67Q4 25: 8989Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q4 202440
Q1 202565
Q2 202567
Q3 202567
Q4 202589

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q4 25: 57 bought or addedQ4 25: 23 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2025476
Q2 20252825
Q3 20251541
Q4 20255723

Biggest buyers

JANE STREET GROUP, LLC New +135,741+135.7k
RAYMOND JAMES FINANCIAL INC Added +129,009+129.0k
BROWN WEALTH MANAGEMENT, LLC New +78,394+78.4k
Lineweaver Wealth Advisors, LLC Added +62,609+62.6k
OSAIC HOLDINGS, INC. Added +53,106+53.1k
Waverly Advisors, LLC New +40,275+40.3k
Diligent Investors, LLC New +40,000+40.0k
COMMONWEALTH EQUITY SERVICES, LLC Added +37,187+37.2k
AssuredPartners Investment Advisors, LLC Added +25,053+25.1k
Sovran Advisors, LLC New +24,244+24.2k

Biggest sellers

AE Wealth Management LLC Reduced -87,356-87.4k
HOWARD BAILEY SECURITIES, LLC Sold out -51,629-51.6k
Csenge Advisory Group Sold out -46,957-47.0k
Focus Partners Advisor Solutions, LLC Sold out -36,962-37.0k
CENTAURUS FINANCIAL, INC. Reduced -23,585-23.6k
PFG Private Wealth Management, LLC Sold out -20,940-20.9k
Alpine Bank Wealth Management Sold out -18,750-18.8k
FC Advisory LLC Reduced -16,673-16.7k
CARY STREET PARTNERS FINANCIAL LLC Reduced -13,167-13.2k
HRT FINANCIAL LP Sold out -11,693-11.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 284,843284.8k $7.3m $7.3m 0.00% Added +129.0k +129,009
2 CARY STREET PARTNERS FINANCIAL LLC 0.13% of their portfolio RICHMOND, VA 204,087204.1k $5.3m $5.3m 0.13% Reduced -13.2k -13,167
3 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 202,182202.2k $5.2m $5.2m 0.01% Added +37.2k +37,187
4 HARBOUR INVESTMENTS, INC. 0.10% of their portfolio MADISON, WI 196,686196.7k $5.1m $5.1m 0.10% Added +3.2k +3,236
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 135,741135.7k $3.5m $3.5m 0.00% New
6 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 134,193134.2k $3.5m $3.5m 0.01% Added +24.1k +24,059
7 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 119,300119.3k $3.1m $3.1m 0.00% Added +53.1k +53,106
8 KFG WEALTH MANAGEMENT, LLC 0.33% of their portfolio GRANGER, IN 96,58796.6k $2.5m $2.5m 0.33% Added +16.3k +16,288
9 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 89,53489.5k $2.3m $2.3m 0.00% Added +19.7k +19,698
10 Lineweaver Wealth Advisors, LLC 0.28% of their portfolio VALLEY VIEW, OH 79,70279.7k $2.1m $2.1m 0.28% Added +62.6k +62,609
11 BROWN WEALTH MANAGEMENT, LLC 0.53% of their portfolio NAPERVILLE, IL 78,39478.4k $2.0m $2.0m 0.53% New
12 Prasad Wealth Partners, LLC 0.52% of their portfolio INDEPENDENCE, OH 76,13576.1k $2.0m $2.0m 0.52% Unchanged
13 Independent Wealth Network Inc. 0.50% of their portfolio URBANDALE, IA 63,74563.7k $1.6m $1.6m 0.50% Reduced -242 -242
14 Owen LaRue, LLC 0.61% of their portfolio ELIZABETHTOWN, KY 62,73262.7k $1.6m $1.6m 0.61% Reduced -5.0k -5,049
15 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 50,18750.2k $1.3m $1.3m 0.01% Added +12.5k +12,452
16 Archer Investment Corp 0.27% of their portfolio Carmel, IN 46,59846.6k $1.2m $1.2m 0.27% Reduced -5.4k -5,448
17 AssuredPartners Investment Advisors, LLC 0.17% of their portfolio Tampa, FL 44,27944.3k $1.1m $1.1m 0.17% Added +25.1k +25,053
18 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 40,27540.3k $1.0m $1.0m 0.01% New
19 Diligent Investors, LLC 0.25% of their portfolio REDLANDS, CA 40,00040.0k $1.0m $1.0m 0.25% New
20 Trek Financial, LLC 0.06% of their portfolio Scottsdale, AZ 38,35838.4k $987.2k $987.2k 0.06% Added +4.1k +4,082
21 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 35,06335.1k $902.4k $902.4k 0.01% Unchanged
22 CENTAURUS FINANCIAL, INC. 0.04% of their portfolio ANAHEIM, CA 34,10034.1k $878.0k $878.0k 0.04% Reduced -23.6k -23,585
23 Marshall Financial Group, LLC 0.17% of their portfolio Hunt Valley, MD 33,60233.6k $864.8k $864.8k 0.17% Added +4.1k +4,082
24 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 32,03032.0k $824.4k $824.4k 0.03% Added +16.0k +15,991
25 Vantage Financial Partners, LLC 0.16% of their portfolio ELM GROVE, WI 31,02831.0k $798.6k $798.6k 0.16% Added +13.5k +13,542
26 GWN SECURITIES INC. 0.16% of their portfolio Palm Beach Gardens, FL 31,01331.0k $798.2k $798.2k 0.16% Added +16.2k +16,213
27 FC Advisory LLC 0.23% of their portfolio WEST CHESTER, PA 30,82630.8k $793.4k $793.4k 0.23% Reduced -16.7k -16,673
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,11930.1k $775.2k $775.2k 0.00% Added +14.7k +14,684
29 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 28,67328.7k $738.0k $738.0k 0.00% Reduced -87.4k -87,356
30 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 25,57725.6k $658.3k $658.3k 0.01% Reduced -6.5k -6,490
31 Sovran Advisors, LLC 0.05% of their portfolio SAN DIEGO, CA 24,24424.2k $625.5k $625.5k 0.05% New
32 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 23,91323.9k $615.4k $615.4k 0.00% New
33 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 23,90023.9k $615.1k $615.1k 0.01% Added +2.5k +2,500
34 Capital Analysts, LLC 0.02% of their portfolio FORT WASHINGTON, PA 23,47223.5k $604.0k $604.0k 0.02% Reduced -7.1k -7,140
35 CENTRAL VALLEY ADVISORS, LLC 0.18% of their portfolio SACRAMENTO, CA 22,82022.8k $587.3k $587.3k 0.18% New
36 Continuum Advisory, LLC 0.06% of their portfolio EAGLE, ID 22,64322.6k $582.8k $582.8k 0.06% New
37 Kovack Advisors, Inc. 0.03% of their portfolio FT. LAUDERDALE, FL 21,84221.8k $562.1k $562.1k 0.03% New
38 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 21,69921.7k $558.0k $558.0k 0.02% Added +9.7k +9,695
39 Clear Creek Financial Management, LLC 0.05% of their portfolio SILVERDALE, WA 21,51621.5k $553.8k $553.8k 0.05% Added +6.7k +6,703
40 Integrity Wealth Solutions LLC 0.21% of their portfolio DENVER, CO 20,94020.9k $538.9k $538.9k 0.21% Unchanged
41 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 19,21619.2k $494.6k $494.6k 0.00% New
42 Allegiance Financial Group Advisory Services LLC 0.10% of their portfolio VIENNA, VA 18,48118.5k $475.6k $475.6k 0.10% Reduced -4.2k -4,171
43 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 18,24018.2k $469.4k $469.4k 0.00% New
44 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 18,10318.1k $466.0k $466.0k 0.00% Added +1.6k +1,592
45 FSA Advisors, Inc. 0.31% of their portfolio TROY, MI 17,15617.2k $441.5k $441.5k 0.31% Reduced -10.5k -10,460
46 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 16,42816.4k $422.8k $422.8k 0.00% Added +9.8k +9,802
47 Tradition Wealth Management, LLC 0.03% of their portfolio EDINA, MN 16,37316.4k $421.4k $421.4k 0.03% Added +2.1k +2,092
48 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 15,02615.0k $386.7k $386.7k 0.00% New
49 Sonoma Allocations LLC 0.13% of their portfolio SANTA ROSA, CA 14,67014.7k $379.4k $379.4k 0.13% Added +3.9k +3,894
50 Integrity Advisory Solutions, LLC 0.05% of their portfolio DALLAS, TX 14,51014.5k $373.4k $373.4k 0.05% New
51 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,42114.4k $371.2k $371.2k 0.00% Added +2.7k +2,711
52 ROTHSCHILD INVESTMENT LLC 0.02% of their portfolio CHICAGO, IL 14,20014.2k $365.5k $365.5k 0.02% Reduced -1.0k -1,000
53 RPS ADVISORY SOLUTIONS LLC 0.17% of their portfolio LOUISVILLE, KY 13,62613.6k $350.7k $350.7k 0.17% Added +2.2k +2,239
54 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 13,09613.1k $337.1k $337.1k 0.00% Added +11.1k +11,096
55 Virtue Capital Management, LLC 0.05% of their portfolio BRENTWOOD, TN 11,83111.8k $304.4k $304.4k 0.05% New
56 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 11,51111.5k $296.3k $296.3k 0.00% Unchanged
57 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 10,47210.5k $269.5k $269.5k 0.01% New
58 First Commonwealth Financial Corp /PA/ 0.04% of their portfolio Indiana, PA 10,39510.4k $267.5k $267.5k 0.04% Unchanged
59 SYKON CAPITAL LLC 0.09% of their portfolio HARRISON, NY 10,39010.4k $267.4k $267.4k 0.09% New
60 IMG Wealth Management, Inc. 0.17% of their portfolio JACKSONVILLE, FL 10,26710.3k $264.2k $264.2k 0.17% Added +2.1k +2,061
61 SAGESPRING WEALTH PARTNERS, LLC 0.00% of their portfolio FRANKLIN, TN 10,08410.1k $259.5k $259.5k 0.00% Unchanged
62 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 9,9009.9k $254.8k $254.8k 0.00% New
63 Plan Group Financial, LLC 0.07% of their portfolio OKLAHOMA CITY, OK 9,7389.7k $250.6k $250.6k 0.07% New
64 Lifestyle Asset Management, Inc. 0.08% of their portfolio FRIENDSWOOD, TX 9,1469.1k $235.4k $235.4k 0.08% New
65 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 8,9679.0k $231.0k $231.0k 0.00% Unchanged
66 CANANDAIGUA NATIONAL BANK & TRUST CO 0.02% of their portfolio CANANDAIGUA, NY 8,7238.7k $224.5k $224.5k 0.02% New
67 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 8,7108.7k $224.2k $224.2k 0.00% Reduced -7.8k -7,779
68 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 8,3988.4k $216.1k $216.1k 0.00% Reduced -790 -790
69 Peak Wealth Management LLC 0.18% of their portfolio NASHUA, NH 8,3208.3k $214.1k $214.1k 0.18% First filing
70 Chris Bulman Inc 0.09% of their portfolio ROSEVILLE, CA 8,2848.3k $213.2k $213.2k 0.09% Unchanged
71 AXXCESS WEALTH MANAGEMENT, LLC 0.00% of their portfolio CARLSBAD, CA 7,8037.8k $200.8k $200.8k 0.00% New
72 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 7,7537.8k $199.5k $199.5k 0.01% Unchanged
73 OPTIMA CAPITAL LLC 0.08% of their portfolio PORTLAND, OR 7,4587.5k $191.9k $191.9k 0.08% New
74 EVOLUTION WEALTH MANAGEMENT INC. 0.13% of their portfolio FORT MYERS, FL 6,0866.1k $156.6k $156.6k 0.13% Unchanged
75 SageView Advisory Group, LLC 0.00% of their portfolio Newport Beach, CA 5,6005.6k $144.1k $144.1k 0.00% New
76 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,6794.7k $120.4k $120.4k 0.00% New
77 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,2084.2k $108.3k $108.3k 0.00% Added +600 +600
78 Alaska Permanent Capital Management, LLC 0.01% of their portfolio ANCHORAGE, AK 3,8303.8k $98.6k $98.6k 0.01% New
79 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 2,3592.4k $60.7k $60.7k 0.00% New
80 RED REEF ADVISORS LLC 0.05% of their portfolio BOCA RATON, FL 2,0002.0k $51.5k $51.5k 0.05% First filing
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,4321.4k $36.9k $36.9k 0.00% Added +879 +879
82 Noble Wealth Management PBC 0.02% of their portfolio GREENWOOD VILLAGE, CO 1,2861.3k $33.1k $33.1k 0.02% Reduced -1.9k -1,923
83 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 1,0461.0k $26.9k $26.9k 0.00% Unchanged
84 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 700700 $18.0k $18.0k 0.00% Unchanged
85 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 540540 $13.9k $13.9k 0.00% New
86 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 185185 $4.8k $4.8k 0.00% Unchanged
87 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 169169 $4.3k $4.3k 0.00% First filing
88 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 100100 $2.6k $2.6k 0.00% Unchanged
89 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 9797 $2.5k $2.5k 0.00% New