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Pacer US Large Cap Cash Cows Growth Leaders ETF
COWG

241 hedge funds and large institutions have $1.7B invested in Pacer US Large Cap Cash Cows Growth Leaders ETF in 2025 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 128 increasing their positions, 61 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 61

89% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 19

18% more funds holding in top 10

Funds holding in top 10: 11 → 13 (+2)

7% more funds holding

Funds holding: 225 → 241 (+16)

1.5% more ownership

Funds ownership: 68.19% → 69.68% (+1.5%)

1% less capital invested

Capital invested by funds: $1.72B → $1.7B (-$18.9M)

Holders
241
Holders Change
+16
Holders Change %
+7.11%
% of All Funds
2.93%
Holding in Top 10
13
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+18.18%
% of All Funds
0.16%
New
36
Increased
128
Reduced
61
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$17.5M
2
LPL Financial
LPL Financial
California
+$14.5M
3
HAS
HBW Advisory Services
California
+$6.73M
4
MML Investors Services
MML Investors Services
Massachusetts
+$6.52M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$6.07M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$36M
2
DIM
Delta Investment Management
California
-$15.7M
3
YCG
Yeomans Consulting Group
Georgia
-$14.6M
4
Bank of America
Bank of America
North Carolina
-$11.2M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$238M -$11.2M -314,329 -4%
LPL Financial
2
LPL Financial
California
$193M +$14.5M +408,565 +8%
Raymond James Financial
3
Raymond James Financial
Florida
$92.8M +$5.62M +158,253 +6%
Wells Fargo
4
Wells Fargo
California
$89.1M +$155K +4,373 +0.2%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$65.6M +$6.07M +170,888 +10%
TIA
6
Traphagen Investment Advisors
New Jersey
$65.3M -$2.68M -75,348 -4%
Jones Financial Companies
7
Jones Financial Companies
Missouri
$60M +$4.89M +137,518 +9%
Morgan Stanley
8
Morgan Stanley
New York
$54.7M -$36M -1,012,589 -39%
MML Investors Services
9
MML Investors Services
Massachusetts
$40.5M +$6.52M +183,377 +19%
Cetera Investment Advisers
10
Cetera Investment Advisers
Illinois
$36.8M +$823K +23,159 +2%
Osaic Holdings
11
Osaic Holdings
Arizona
$35.3M -$2.77M -78,015 -7%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$33.4M -$7M -196,993 -17%
KAS
13
Kestra Advisory Services
Texas
$24.4M +$1.42M +39,947 +6%
Northwestern Mutual Wealth Management
14
Northwestern Mutual Wealth Management
Wisconsin
$24M +$2.29M +64,475 +10%
TFA
15
Teamwork Financial Advisors
Texas
$23M -$576K -16,204 -2%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$22.2M -$6.79M -191,054 -23%
Wealth Enhancement Advisory Services
17
Wealth Enhancement Advisory Services
Minnesota
$21.1M +$5.13M +144,340 +33%
Rockefeller Capital Management
18
Rockefeller Capital Management
New York
$21M +$17.5M +492,261 +477%
Truist Financial
19
Truist Financial
North Carolina
$18.9M +$301K +8,463 +2%
CCMG
20
Clark Capital Management Group
Pennsylvania
$18.5M +$4.13M +116,108 +28%
BCI
21
Brinker Capital Investments
Pennsylvania
$17.4M -$290K -8,156 -2%
HCA
22
Heck Capital Advisors
Wisconsin
$16.8M +$4.12M +115,786 +32%
FIA
23
Foundations Investment Advisors
Arizona
$16M +$280K +7,866 +2%
ACA
24
Aspire Capital Advisors
Washington
$15.9M +$360K +10,131 +2%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$15.9M +$1.46M +41,001 +10%
1
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COWG Hedge Fund Activity: Q4 2025 in Review

241 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) for Q4 2025, worth a combined $1.7B — down 1.1% from $1.72B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new COWG positions and 19 closed out — a net gain of 17 holders — while 128 added to existing stakes and 61 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $17.5M. The largest seller was Morgan Stanley, cutting an estimated $36M.

  • 241 institutional investors held Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) as of Q4 2025, up from 225 in Q3 2025.
  • Funds reported $1.7B of Pacer US Large Cap Cash Cows Growth Leaders ETF stock for Q4 2025, down 1.1% quarter-over-quarter.
  • 36 funds opened new Pacer US Large Cap Cash Cows Growth Leaders ETF positions in Q4 2025 and 19 closed out, a net change of +17 holders.
  • The largest Pacer US Large Cap Cash Cows Growth Leaders ETF buyer in Q4 2025 was Rockefeller Capital Management, an estimated $17.5M added.
  • The largest Pacer US Large Cap Cash Cows Growth Leaders ETF seller in Q4 2025 was Morgan Stanley, an estimated $36M sold.

Based on aggregated 13F filings for Q4 2025.