Pacer Developed Markets International Cash Cows 100 ETF
ICOW
188 hedge funds and large institutions have $1.26B invested in Pacer Developed Markets International Cash Cows 100 ETF in 2026 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 88 increasing their positions, 51 reducing their positions, and 14 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 51
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
3% more capital invested
Capital invested by funds: $1.22B → $1.26B (+$39.2M)
1% less funds holding
Funds holding: 189 → 188 (-1)
5.66% less ownership
Funds ownership: 73.18% → 67.52% (-5.7%)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$27M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$8.47M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$7.44M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$7.24M |
| 5 |
Jones Financial Companies
Des Peres,
Missouri
|
+$6.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFS
Commonwealth Financial Services
Vienna,
West Virginia
|
-$10.6M |
| 2 |
Morgan Stanley
New York
|
-$5.34M |
| 3 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$3.42M |
| 4 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
-$1.85M |
| 5 |
Mariner
Overland Park,
Kansas
|
-$1.81M |
ICOW Hedge Fund Activity: Q2 2026 in Review
188 institutional investors reported a position in Pacer Developed Markets International Cash Cows 100 ETF (ICOW) for Q2 2026, worth a combined $1.26B — up 3.2% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new ICOW positions and 14 closed out — a net gain of 2 holders — while 88 added to existing stakes and 51 trimmed.
The largest buyer was LPL Financial, adding an estimated $27M. The largest seller was Commonwealth Financial Services, cutting an estimated $10.6M.
- 188 institutional investors held Pacer Developed Markets International Cash Cows 100 ETF (ICOW) as of Q2 2026, down from 189 in Q1 2026.
- Funds reported $1.26B of Pacer Developed Markets International Cash Cows 100 ETF stock for Q2 2026, up 3.2% quarter-over-quarter.
- 16 funds opened new Pacer Developed Markets International Cash Cows 100 ETF positions in Q2 2026 and 14 closed out, a net change of +2 holders.
- The largest Pacer Developed Markets International Cash Cows 100 ETF buyer in Q2 2026 was LPL Financial, an estimated $27M added.
- The largest Pacer Developed Markets International Cash Cows 100 ETF seller in Q2 2026 was Commonwealth Financial Services, an estimated $10.6M sold.
Based on aggregated 13F filings for Q2 2026.