Pacer Developed Markets International Cash Cows 100 ETF
ICOW
189 hedge funds and large institutions have $1.22B invested in Pacer Developed Markets International Cash Cows 100 ETF in 2026 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 86 increasing their positions, 51 reducing their positions, and 9 closing their positions.
256% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 9
69% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 51
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
15% more capital invested
Capital invested by funds: $1.06B → $1.22B (+$160M)
13% more funds holding
Funds holding: 168 → 189 (+21)
1.87% less ownership
Funds ownership: 75.05% → 73.18% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$21.8M |
| 2 |
TFA
Teamwork Financial Advisors
San Antonio,
Texas
|
+$19.1M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$11.4M |
| 4 |
Bank of New York Mellon
New York
|
+$9.69M |
| 5 |
LPL Financial
San Diego,
California
|
+$7.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$13.1M |
| 2 |
SIM
Stratos Investment Management
Beachwood,
Ohio
|
-$12.6M |
| 3 |
SC
Sepio Capital
Salt Lake City,
Utah
|
-$11M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$5.32M |
| 5 |
WIM
WealthPlan Investment Management
Omaha,
Nebraska
|
-$3.5M |
ICOW Hedge Fund Activity: Q1 2026 in Review
189 institutional investors reported a position in Pacer Developed Markets International Cash Cows 100 ETF (ICOW) for Q1 2026, worth a combined $1.22B — up 15% from $1.06B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new ICOW positions and 9 closed out — a net gain of 23 holders — while 86 added to existing stakes and 51 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $21.8M. The largest seller was Morgan Stanley, cutting an estimated $13.1M.
- 189 institutional investors held Pacer Developed Markets International Cash Cows 100 ETF (ICOW) as of Q1 2026, up from 168 in Q4 2025.
- Funds reported $1.22B of Pacer Developed Markets International Cash Cows 100 ETF stock for Q1 2026, up 15% quarter-over-quarter.
- 32 funds opened new Pacer Developed Markets International Cash Cows 100 ETF positions in Q1 2026 and 9 closed out, a net change of +23 holders.
- The largest Pacer Developed Markets International Cash Cows 100 ETF buyer in Q1 2026 was Royal Bank of Canada, an estimated $21.8M added.
- The largest Pacer Developed Markets International Cash Cows 100 ETF seller in Q1 2026 was Morgan Stanley, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2026.