Pacer US Small Cap Cash Cows 100 ETF
CALF
403 hedge funds and large institutions have $2.46B invested in Pacer US Small Cap Cash Cows 100 ETF in 2025 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 92 increasing their positions, 220 reducing their positions, and 44 closing their positions.
5% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 44
1.35% less ownership
Funds ownership: 62.5% → 61.16% (-1.3%)
3% less funds holding
Funds holding: 416 → 403 (-13)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
58% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 220
80% less capital inflows, than outflows
Capital inflows: $87.2M | Capital outflows: $435M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$25.9M |
| 2 |
D.A. Davidson & Co
Great Falls,
Montana
|
+$7.88M |
| 3 |
PA
PSI Advisors
Tampa,
Florida
|
+$7.35M |
| 4 |
Summit Financial
Parsippany,
New Jersey
|
+$3.94M |
| 5 |
HUB Investment Partners
Austin,
Texas
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$84.5M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$25M |
| 3 |
LPL Financial
San Diego,
California
|
-$23.4M |
| 4 |
Morgan Stanley
New York
|
-$22.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$20.8M |
CALF Hedge Fund Activity: Q3 2025 in Review
403 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in Pacer US Small Cap Cash Cows 100 ETF (CALF) for Q3 2025, worth a combined $2.46B — down 5.8% from $2.61B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of CALF and 42 opened new positions — a net loss of 2 holders — while 220 trimmed existing stakes and 92 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $25.9M. The largest seller was Bank of America, cutting an estimated $84.5M.
- 403 institutional investors held Pacer US Small Cap Cash Cows 100 ETF (CALF) as of Q3 2025, down from 416 in Q2 2025.
- Funds reported $2.46B of Pacer US Small Cap Cash Cows 100 ETF stock for Q3 2025, down 5.8% quarter-over-quarter.
- 42 funds opened new Pacer US Small Cap Cash Cows 100 ETF positions in Q3 2025 and 44 closed out, a net change of -2 holders.
- The largest Pacer US Small Cap Cash Cows 100 ETF buyer in Q3 2025 was Cetera Investment Advisers, an estimated $25.9M added.
- The largest Pacer US Small Cap Cash Cows 100 ETF seller in Q3 2025 was Bank of America, an estimated $84.5M sold.
Based on aggregated 13F filings for Q3 2025.