Pacer US Small Cap Cash Cows 100 ETF
CALF
401 hedge funds and large institutions have $2.26B invested in Pacer US Small Cap Cash Cows 100 ETF in 2025 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 85 increasing their positions, 203 reducing their positions, and 49 closing their positions.
12% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 49
1.34% more ownership
Funds ownership: 61.16% → 62.5% (+1.3%)
0% less funds holding
Funds holding: 402 → 401 (-1)
8% less capital invested
Capital invested by funds: $2.46B → $2.26B (-$200M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
58% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 203
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$25.3M |
| 2 |
Rockefeller Capital Management
New York
|
+$8.69M |
| 3 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
+$4.7M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$3.94M |
| 5 |
BWM
BCS Wealth Management
Johnson City,
Tennessee
|
+$2.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$64.1M |
| 2 |
Morgan Stanley
New York
|
-$19.7M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$18.9M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$18.7M |
| 5 |
LPL Financial
San Diego,
California
|
-$15.3M |
CALF Hedge Fund Activity: Q4 2025 in Review
401 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Pacer US Small Cap Cash Cows 100 ETF (CALF) for Q4 2025, worth a combined $2.26B — down 8.1% from $2.46B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new CALF positions and 49 closed out — a net gain of 6 holders — while 85 added to existing stakes and 203 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $25.3M. The largest seller was Bank of America, cutting an estimated $64.1M.
- 401 institutional investors held Pacer US Small Cap Cash Cows 100 ETF (CALF) as of Q4 2025, down from 402 in Q3 2025.
- Funds reported $2.26B of Pacer US Small Cap Cash Cows 100 ETF stock for Q4 2025, down 8.1% quarter-over-quarter.
- 55 funds opened new Pacer US Small Cap Cash Cows 100 ETF positions in Q4 2025 and 49 closed out, a net change of +6 holders.
- The largest Pacer US Small Cap Cash Cows 100 ETF buyer in Q4 2025 was Two Sigma Investments, an estimated $25.3M added.
- The largest Pacer US Small Cap Cash Cows 100 ETF seller in Q4 2025 was Bank of America, an estimated $64.1M sold.
Based on aggregated 13F filings for Q4 2025.