Pacer US Cash Cows 100 ETF
COWZ
848 hedge funds and large institutions have $12.1B invested in Pacer US Cash Cows 100 ETF in 2025 Q4 according to their latest regulatory filings, with 122 funds opening new positions, 230 increasing their positions, 390 reducing their positions, and 46 closing their positions.
165% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 46
12% more funds holding in top 10
Funds holding in top 10: 65 → 73 (+8)
7% more funds holding
Funds holding: 793 → 848 (+55)
2.31% more ownership
Funds ownership: 64.8% → 67.11% (+2.3%)
3% less capital invested
Capital invested by funds: $12.5B → $12.1B (-$381M)
41% less repeat investments, than reductions
Existing positions increased: 230 | Existing positions reduced: 390
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$32.9M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$23.5M |
| 3 |
Rockefeller Capital Management
New York
|
+$15.6M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$12.5M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$290M |
| 2 |
LPL Financial
San Diego,
California
|
-$103M |
| 3 |
Morgan Stanley
New York
|
-$99.4M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$84.2M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$79.9M |
COWZ Hedge Fund Activity: Q4 2025 in Review
848 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Pacer US Cash Cows 100 ETF (COWZ) for Q4 2025, worth a combined $12.1B — down 3% from $12.5B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new COWZ positions and 46 closed out — a net gain of 76 holders — while 230 added to existing stakes and 390 trimmed.
The largest buyer was United Capital Financial Advisors, opening a new position worth an estimated $32.9M. The largest seller was Bank of America, cutting an estimated $290M.
- 848 institutional investors held Pacer US Cash Cows 100 ETF (COWZ) as of Q4 2025, up from 793 in Q3 2025.
- Funds reported $12.1B of Pacer US Cash Cows 100 ETF stock for Q4 2025, down 3% quarter-over-quarter.
- 122 funds opened new Pacer US Cash Cows 100 ETF positions in Q4 2025 and 46 closed out, a net change of +76 holders.
- The largest Pacer US Cash Cows 100 ETF buyer in Q4 2025 was United Capital Financial Advisors, an estimated $32.9M added.
- The largest Pacer US Cash Cows 100 ETF seller in Q4 2025 was Bank of America, an estimated $290M sold.
Based on aggregated 13F filings for Q4 2025.