Pacer US Large Cap Cash Cows Growth Leaders ETF
COWG
237 hedge funds and large institutions have $1.42B invested in Pacer US Large Cap Cash Cows Growth Leaders ETF in 2026 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 97 increasing their positions, 90 reducing their positions, and 27 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 90
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
2% less funds holding
Funds holding: 241 → 237 (-4)
2.64% less ownership
Funds ownership: 69.68% → 67.05% (-2.6%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
17% less capital invested
Capital invested by funds: $1.7B → $1.42B (-$280M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$8.39M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.32M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$2.66M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.24M |
| 5 |
PGF
Plan Group Financial
Oklahoma City,
Oklahoma
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIA
Traphagen Investment Advisors
Oradell,
New Jersey
|
-$33.8M |
| 2 |
TFA
Teamwork Financial Advisors
San Antonio,
Texas
|
-$20M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$17.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$17.3M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$14.4M |
COWG Hedge Fund Activity: Q1 2026 in Review
237 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) for Q1 2026, worth a combined $1.42B — down 17% from $1.7B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of COWG and 25 opened new positions — a net loss of 2 holders — while 90 trimmed existing stakes and 97 added.
The largest buyer was Goldman Sachs, adding an estimated $8.39M. The largest seller was Traphagen Investment Advisors, cutting an estimated $33.8M.
- 237 institutional investors held Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) as of Q1 2026, down from 241 in Q4 2025.
- Funds reported $1.42B of Pacer US Large Cap Cash Cows Growth Leaders ETF stock for Q1 2026, down 17% quarter-over-quarter.
- 25 funds opened new Pacer US Large Cap Cash Cows Growth Leaders ETF positions in Q1 2026 and 27 closed out, a net change of -2 holders.
- The largest Pacer US Large Cap Cash Cows Growth Leaders ETF buyer in Q1 2026 was Goldman Sachs, an estimated $8.39M added.
- The largest Pacer US Large Cap Cash Cows Growth Leaders ETF seller in Q1 2026 was Traphagen Investment Advisors, an estimated $33.8M sold.
Based on aggregated 13F filings for Q1 2026.