Innovator Capital Management, LLC
$2.9B in tracked AUM across 8 positions as of Q2 2026.
Innovator Capital Management's Q1 2026 13F is the simplest and most extreme sleeve-construction filing in this batch: a $925M, 10-position portfolio that went from 100% single-name megacap tech (NVDA, AAPL, MSFT, AMZN, GOOGL, GOOG, AVGO, META, TSLA) in Q4 2025 to 99.6% VOO (Vanguard S&P 500 ETF) plus 0.4% residual megacap tech. The $921.6M VOO opening — which the filing system records as NEW because the prior quarter held no ETF — is effectively a complete portfolio-architecture reset: the manager liquidated or inconsequentially reduced all nine prior single-name positions and deployed the entire pool into a single low-cost S&P 500 ETF, keeping only the residual cash-and-corner-case holdings (NVDA $709K, AAPL $632K, MSFT $468K, etc.) that are rounding errors compared to the VOO anchor. The residual tech positions were uniformly increased by 12-17% in share terms, which is mechanically explained by VOO's own S&P 500 reconstitution adding weight to these names — the manager did not add to NVDA because they liked the AI trade; the share count rose because VOO's index methodology increased the NVIDIA allocation and the Q1 13F reflected that pass-through. At a 78.75 whaleScore on $925M AUM with a single ETF at 99.6% weight, this is less a hedge fund than a separately-managed-account wrapper using VOO as the core-and-complete equity exposure — the nine tech residuals are implementation artifacts, not active positions. The Q1 delta signals that the manager has concluded broad-market ETF exposure dominates their theta, and that single-name stock selection is not adding enough alpha to justify the research overhead.
Quarter at a glance — Q2 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q2 2026.