Innovator Defined Wealth Shield ETF
BALT
194 hedge funds and large institutions have $960M invested in Innovator Defined Wealth Shield ETF in 2025 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 98 increasing their positions, 24 reducing their positions, and 8 closing their positions.
563% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 8
308% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 24
50% more funds holding in top 10
Funds holding in top 10: 10 → 15 (+5)
40% more capital invested
Capital invested by funds: $684M → $960M (+$275M)
26% more funds holding
Funds holding: 154 → 194 (+40)
1.21% more ownership
Funds ownership: 70.67% → 71.87% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$33M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$16.8M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$16.8M |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$14.9M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Whipplewood Advisors
Littleton,
Colorado
|
-$2.16M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.76M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.6M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$906K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$812K |
BALT Hedge Fund Activity: Q1 2025 in Review
194 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Innovator Defined Wealth Shield ETF (BALT) for Q1 2025, worth a combined $960M — up 40% from $684M a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new BALT positions and 8 closed out — a net gain of 45 holders — while 98 added to existing stakes and 24 trimmed.
The largest buyer was Raymond James Financial, adding an estimated $33M. The largest seller was Whipplewood Advisors, cutting an estimated $2.16M.
- 194 institutional investors held Innovator Defined Wealth Shield ETF (BALT) as of Q1 2025, up from 154 in Q4 2024.
- Funds reported $960M of Innovator Defined Wealth Shield ETF stock for Q1 2025, up 40% quarter-over-quarter.
- 53 funds opened new Innovator Defined Wealth Shield ETF positions in Q1 2025 and 8 closed out, a net change of +45 holders.
- The largest Innovator Defined Wealth Shield ETF buyer in Q1 2025 was Raymond James Financial, an estimated $33M added.
- The largest Innovator Defined Wealth Shield ETF seller in Q1 2025 was Whipplewood Advisors, an estimated $2.16M sold.
Based on aggregated 13F filings for Q1 2025.