Pacer Developed Markets International Cash Cows 100 ETF
ICOW
157 hedge funds and large institutions have $961M invested in Pacer Developed Markets International Cash Cows 100 ETF in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 74 increasing their positions, 47 reducing their positions, and 14 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 47
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
11% more capital invested
Capital invested by funds: $866M → $961M (+$94.8M)
0% more funds holding
Funds holding: 157 → 157 (0)
0.03% less ownership
Funds ownership: 75.41% → 75.38% (-0.03%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$5.17M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$4.57M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.77M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$7.32M |
| 2 |
TWG
The Wealth Group
Eden Prairie,
Minnesota
|
-$7M |
| 3 |
Jane Street
New York
|
-$4.16M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.87M |
| 5 |
Citigroup
New York
|
-$2.92M |
ICOW Hedge Fund Activity: Q3 2025 in Review
157 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Pacer Developed Markets International Cash Cows 100 ETF (ICOW) for Q3 2025, worth a combined $961M — up 11% from $866M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new ICOW positions and 14 closed out — a net gain of 3 holders — while 74 added to existing stakes and 47 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.5M. The largest seller was Foundations Investment Advisors, exiting entirely with an estimated $7.32M sold.
- 157 institutional investors held Pacer Developed Markets International Cash Cows 100 ETF (ICOW) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $961M of Pacer Developed Markets International Cash Cows 100 ETF stock for Q3 2025, up 11% quarter-over-quarter.
- 17 funds opened new Pacer Developed Markets International Cash Cows 100 ETF positions in Q3 2025 and 14 closed out, a net change of +3 holders.
- The largest Pacer Developed Markets International Cash Cows 100 ETF buyer in Q3 2025 was Morgan Stanley, an estimated $18.5M added.
- The largest Pacer Developed Markets International Cash Cows 100 ETF seller in Q3 2025 was Foundations Investment Advisors, an estimated $7.32M sold.
Based on aggregated 13F filings for Q3 2025.