Innovator Defined Wealth Shield ETF
BALT
261 hedge funds and large institutions have $1.53B invested in Innovator Defined Wealth Shield ETF in 2025 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 122 increasing their positions, 59 reducing their positions, and 17 closing their positions.
206% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 17
107% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 59
22% more capital invested
Capital invested by funds: $1.25B → $1.53B (+$275M)
15% more funds holding
Funds holding: 226 → 261 (+35)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
3.07% less ownership
Funds ownership: 74.25% → 71.18% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$133M |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$22.9M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$9.35M |
| 4 |
Jane Street
New York
|
+$8.47M |
| 5 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
+$7.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$23.5M |
| 2 |
PCA
Prosperity Capital Advisors
Westlake,
Ohio
|
-$23.2M |
| 3 |
W
Wealthquest
Cincinnati,
Ohio
|
-$9.4M |
| 4 |
PWA
Prairie Wealth Advisors
Omaha,
Nebraska
|
-$6.57M |
| 5 |
4WM
4J Wealth Management
Alexandria,
Virginia
|
-$4.58M |
BALT Hedge Fund Activity: Q4 2025 in Review
261 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Innovator Defined Wealth Shield ETF (BALT) for Q4 2025, worth a combined $1.53B — up 22% from $1.25B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new BALT positions and 17 closed out — a net gain of 35 holders — while 122 added to existing stakes and 59 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $133M. The largest seller was Envestnet Asset Management, cutting an estimated $23.5M.
- 261 institutional investors held Innovator Defined Wealth Shield ETF (BALT) as of Q4 2025, up from 226 in Q3 2025.
- Funds reported $1.53B of Innovator Defined Wealth Shield ETF stock for Q4 2025, up 22% quarter-over-quarter.
- 52 funds opened new Innovator Defined Wealth Shield ETF positions in Q4 2025 and 17 closed out, a net change of +35 holders.
- The largest Innovator Defined Wealth Shield ETF buyer in Q4 2025 was JP Morgan Chase, an estimated $133M added.
- The largest Innovator Defined Wealth Shield ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $23.5M sold.
Based on aggregated 13F filings for Q4 2025.