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Pacer Cash Cows Fund of Funds ETF
HERD

37 hedge funds and large institutions have $63.9M invested in Pacer Cash Cows Fund of Funds ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

1.6% more ownership

Funds ownership: 71.93% → 73.52% (+1.6%)

4% more capital invested

Capital invested by funds: $61.7M → $63.9M (+$2.23M)

5% less funds holding

Funds holding: 39 → 37 (-2)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
37
Holders Change
-2
Holders Change %
-5.13%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
17
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.14M
2
LPL Financial
LPL Financial
California
+$673K
3
DADC
D.A. Davidson & Co
Montana
+$439K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$412K
5
CCFM
Clear Creek Financial Management
Washington
+$308K

Top Sellers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.83M
2
ARG
Advisory Resource Group
Oklahoma
-$745K
3
FFS
Founders Financial Securities
Maryland
-$294K
4
CIAS
Capital Investment Advisory Services
North Carolina
-$287K
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
26
Geneos Wealth Management
Colorado
$209K +$19.8K +477 +11%
UBS Group
27
UBS Group
Switzerland
$204K -$41.3K -995 -17%
FFA
28
Farther Finance Advisors
California
$150K – – –
EWA
29
EverSource Wealth Advisors
Alabama
$131K +$25.7K +620 +25%
AAS
30
Ameritas Advisory Services
Nebraska
$125K +$107K +2,575 +705%
CFD
31
Creative Financial Designs
Indiana
$118K – – –
FCAS
32
First Command Advisory Services
Texas
$98K – – –
PS
33
Principal Securities
Iowa
$42.4K -$5.48K -132 -12%
HI
34
Harbour Investments
Wisconsin
$34.4K – – –
ASN
35
Advisory Services Network
Georgia
$33.9K +$33.2K +800 New
Morgan Stanley
36
Morgan Stanley
New York
$20.6K +$41 +1 +0.2%
NS
37
NBC Securities
Alabama
$18K – – –
Wells Fargo
38
Wells Fargo
California
$18 – – –
FFS
39
Founders Financial Securities
Maryland
– -$294K -7,375 Closed
AAP
40
Arax Advisory Partners
Colorado
– -$9.88K -248 Closed
Bank of America
41
Bank of America
North Carolina
– -$6.89K -173 Closed
1
2

HERD Hedge Fund Activity: Q3 2025 in Review

37 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Pacer Cash Cows Fund of Funds ETF (HERD) for Q3 2025, worth a combined $63.9M — up 3.6% from $61.7M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of HERD and 2 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 17 added.

The largest buyer was Cetera Investment Advisers, adding an estimated $1.14M. The largest seller was Commonwealth Equity Services, cutting an estimated $2.83M.

  • 37 institutional investors held Pacer Cash Cows Fund of Funds ETF (HERD) as of Q3 2025, down from 39 in Q2 2025.
  • Funds reported $63.9M of Pacer Cash Cows Fund of Funds ETF stock for Q3 2025, up 3.6% quarter-over-quarter.
  • 2 funds opened new Pacer Cash Cows Fund of Funds ETF positions in Q3 2025 and 3 closed out, a net change of -1 holder.
  • The largest Pacer Cash Cows Fund of Funds ETF buyer in Q3 2025 was Cetera Investment Advisers, an estimated $1.14M added.
  • The largest Pacer Cash Cows Fund of Funds ETF seller in Q3 2025 was Commonwealth Equity Services, an estimated $2.83M sold.

Based on aggregated 13F filings for Q3 2025.