Pacer Developed Markets International Cash Cows 100 ETF
ICOW
157 hedge funds and large institutions have $866M invested in Pacer Developed Markets International Cash Cows 100 ETF in 2025 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 69 increasing their positions, 54 reducing their positions, and 19 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 54
21% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 19
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
2% more funds holding
Funds holding: 154 → 157 (+3)
2% more capital invested
Capital invested by funds: $846M → $866M (+$20.1M)
1.34% less ownership
Funds ownership: 76.76% → 75.41% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$8.05M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.22M |
| 4 |
Jane Street
New York
|
+$3.95M |
| 5 |
Citigroup
New York
|
+$3.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPWG
Syntegra Private Wealth Group
Chesterfield,
Missouri
|
-$53.6M |
| 2 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$15.6M |
| 3 |
OBWG
Onyx Bridge Wealth Group
Tarrytown,
New York
|
-$6.8M |
| 4 |
TWG
The Wealth Group
Eden Prairie,
Minnesota
|
-$6.48M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$6.18M |
ICOW Hedge Fund Activity: Q2 2025 in Review
157 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Pacer Developed Markets International Cash Cows 100 ETF (ICOW) for Q2 2025, worth a combined $866M — up 2.4% from $846M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new ICOW positions and 19 closed out — a net gain of 4 holders — while 69 added to existing stakes and 54 trimmed.
The largest buyer was Bank of America, adding an estimated $18.2M. The largest seller was Syntegra Private Wealth Group, cutting an estimated $53.6M.
- 157 institutional investors held Pacer Developed Markets International Cash Cows 100 ETF (ICOW) as of Q2 2025, up from 154 in Q1 2025.
- Funds reported $866M of Pacer Developed Markets International Cash Cows 100 ETF stock for Q2 2025, up 2.4% quarter-over-quarter.
- 23 funds opened new Pacer Developed Markets International Cash Cows 100 ETF positions in Q2 2025 and 19 closed out, a net change of +4 holders.
- The largest Pacer Developed Markets International Cash Cows 100 ETF buyer in Q2 2025 was Bank of America, an estimated $18.2M added.
- The largest Pacer Developed Markets International Cash Cows 100 ETF seller in Q2 2025 was Syntegra Private Wealth Group, an estimated $53.6M sold.
Based on aggregated 13F filings for Q2 2025.