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Pacer US Large Cap Cash Cows Growth Leaders ETF
COWG

225 hedge funds and large institutions have $1.72B invested in Pacer US Large Cap Cash Cows Growth Leaders ETF in 2025 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 117 increasing their positions, 50 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

134% more repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 50

133% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 21

38% more funds holding in top 10

Funds holding in top 10: 8 → 11 (+3)

21% more capital invested

Capital invested by funds: $1.42B → $1.72B (+$301M)

12% more funds holding

Funds holding: 201 → 225 (+24)

0.06% less ownership

Funds ownership: 68.25% → 68.19% (-0.06%)

Holders
225
Holders Change
+24
Holders Change %
+11.94%
% of All Funds
2.95%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.14%
New
49
Increased
117
Reduced
50
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$41.2M
2
Bank of America
Bank of America
North Carolina
+$26.2M
3
Raymond James Financial
Raymond James Financial
Florida
+$17.6M
4
FIA
Foundations Investment Advisors
Arizona
+$15.8M
5
Wells Fargo
Wells Fargo
California
+$15.3M

Top Sellers

1
EFG
Ethos Financial Group
Pennsylvania
-$7.91M
2
Goldman Sachs
Goldman Sachs
New York
-$5.7M
3
CFG
CMC Financial Group
Georgia
-$5M
4
SA
Sanctuary Advisors
Indiana
-$3.46M
5
Truist Financial
Truist Financial
North Carolina
-$2.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$257M +$26.2M +741,720 +12%
LPL Financial
2
LPL Financial
California
$185M +$41.2M +1,165,739 +30%
Morgan Stanley
3
Morgan Stanley
New York
$93.1M +$12.9M +364,031 +17%
Wells Fargo
4
Wells Fargo
California
$91.7M +$15.3M +432,408 +21%
Raymond James Financial
5
Raymond James Financial
Florida
$90M +$17.6M +496,733 +25%
TIA
6
Traphagen Investment Advisors
New Jersey
$70M -$506K -14,314 -0.7%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$61.4M +$11.2M +315,499 +23%
Jones Financial Companies
8
Jones Financial Companies
Missouri
$56.7M +$9.83M +278,221 +22%
Cambridge Investment Research Advisors
9
Cambridge Investment Research Advisors
Iowa
$41.6M +$9.54M +269,945 +31%
Osaic Holdings
10
Osaic Holdings
Arizona
$38.5M +$10.8M +306,000 +40%
Cetera Investment Advisers
11
Cetera Investment Advisers
Illinois
$37.1M +$10.1M +286,671 +39%
MML Investors Services
12
MML Investors Services
Massachusetts
$35M +$2.83M +80,154 +9%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$29.8M +$5.04M +142,614 +21%
TFA
14
Teamwork Financial Advisors
Texas
$24.2M +$3.53M +99,919 +18%
KAS
15
Kestra Advisory Services
Texas
$23.7M +$2.58M +73,071 +13%
Northwestern Mutual Wealth Management
16
Northwestern Mutual Wealth Management
Wisconsin
$22.4M -$2.51M -70,926 -10%
DIM
17
Delta Investment Management
California
$19.8M -$514K -14,543 -3%
Truist Financial
18
Truist Financial
North Carolina
$19.2M -$2.76M -77,974 -13%
BCI
19
Brinker Capital Investments
Pennsylvania
$18.2M +$1.97M +55,633 +12%
FIA
20
Foundations Investment Advisors
Arizona
$16.3M +$15.8M +447,748 New
ACA
21
Aspire Capital Advisors
Washington
$16.1M +$425K +12,028 +3%
Wealth Enhancement Advisory Services
22
Wealth Enhancement Advisory Services
Minnesota
$15.9M +$346K +9,777 +2%
HighTower Advisors
23
HighTower Advisors
Illinois
$15.4M +$1.2M +34,077 +9%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$14.9M +$3.4M +96,267 +31%
CCMG
25
Clark Capital Management Group
Pennsylvania
$14.9M -$897K -25,378 -6%
1
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COWG Hedge Fund Activity: Q3 2025 in Review

225 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) for Q3 2025, worth a combined $1.72B — up 21% from $1.42B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new COWG positions and 21 closed out — a net gain of 28 holders — while 117 added to existing stakes and 50 trimmed.

The largest buyer was LPL Financial, adding an estimated $41.2M. The largest seller was Ethos Financial Group, exiting entirely with an estimated $7.91M sold.

  • 225 institutional investors held Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) as of Q3 2025, up from 201 in Q2 2025.
  • Funds reported $1.72B of Pacer US Large Cap Cash Cows Growth Leaders ETF stock for Q3 2025, up 21% quarter-over-quarter.
  • 49 funds opened new Pacer US Large Cap Cash Cows Growth Leaders ETF positions in Q3 2025 and 21 closed out, a net change of +28 holders.
  • The largest Pacer US Large Cap Cash Cows Growth Leaders ETF buyer in Q3 2025 was LPL Financial, an estimated $41.2M added.
  • The largest Pacer US Large Cap Cash Cows Growth Leaders ETF seller in Q3 2025 was Ethos Financial Group, an estimated $7.91M sold.

Based on aggregated 13F filings for Q3 2025.