Pacer US Large Cap Cash Cows Growth Leaders

COWG • NASDAQ

Pacer US Large Cap Cash Cows Growth Leaders is an exchange-traded fund on NASDAQ. As of Q3 2025, 220 institutional investors hold shares in this ETF, with total holdings valued at $1.7B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $256.9M.

Overview

Overview of institutional ownership in COWG as of Q3 2025

All Institutions

Institutions: 220
Value Held: $1.7B
Shares Held: 46.8M
Avg Position: $7.7M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 3
Value Held: $3.2M
Shares Held: 88.2K
Avg Position: $1.1M
Median Position: $990.3K

Biggest Investors

Institutions with the largest positions in COWG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$256.9M 0.02% of portfolio	7.1M shares	Q2 2024 Held for 1y 5m	$1.33T
L LPL Financial LLC Institution	-	$184.5M 0.05% of portfolio	5.1M shares	Q1 2024 Held for 1y 8m	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$93.1M 0.01% of portfolio	2.6M shares	Q2 2024 Held for 1y 5m	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$91.7M 0.02% of portfolio	2.5M shares	Q1 2025 Held for 8 months	$488.50B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$90.0M 0.03% of portfolio	2.5M shares	Q4 2024 Held for 11 months	$310.43B
TRAPHAGEN INVESTMENT ADVISORS LLC RIA/Wealth	James A. Lawrence Member	$70.0M 6.15% of portfolio	1.9M shares	Q4 2024 Held for 11 months	$1.1B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$61.4M 0.02% of portfolio	1.7M shares	Q2 2023 Held for 2y 5m	$341.99B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$56.7M 0.04% of portfolio	1.6M shares	Q2 2024 Held for 1y 5m	$146.70B
Cambridge Investment Research Advisors, Inc. RIA/Wealth	Amy Lynn Webber CEO	$41.6M 0.12% of portfolio	1.1M shares	Q2 2023 Held for 2y 5m	$33.5B
A Advisor Group Holdings, Inc. Institution	-	$38.5M 0.05% of portfolio	1.1M shares	Q1 2023 Held for 2y 8m	$71.0B

Net Capital Flow

Institutional buying and selling activity for COWG in Q3 2025

Traded: +$273.8M
Buyers: 165
Sellers: 66
Total Bought: +$319.2M
Total Sold: −$45.4M
Avg Position: $7.0M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$42.3M +1.2M shares	$184.5M 5.1M shares
BANK OF AMERICA CORP /DE/ Institution	+$26.9M +741.7K shares	$256.9M 7.1M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$18.0M +496.7K shares	$90.0M 2.5M shares
Foundations Investment Advisors, LLC RIA/Wealth	+$16.3M +447.7K shares	$16.3M 447.7K shares
WELLS FARGO & COMPANY/MN Institution	+$15.7M +432.4K shares	$91.7M 2.5M shares
MORGAN STANLEY RIA/Wealth	+$13.2M +364.0K shares	$93.1M 2.6M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$11.5M +315.5K shares	$61.4M 1.7M shares
A Advisor Group Holdings, Inc. Institution	+$10.9M +306.0K shares	$38.5M 1.1M shares
Cetera Investment Advisers RIA/Wealth	+$10.4M +286.7K shares	$37.1M 1.0M shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$10.1M +278.2K shares	$56.7M 1.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
Ethos Financial Group, LLC RIA/Wealth	−$7.9M −225.3K shares	Sold Off 0 shares
BB&T CORP Institution	−$2.8M −78.0K shares	$19.2M 529.4K shares
GeoWealth Management, LLC RIA/Wealth	−$2.7M −75.5K shares	Sold Off 0 shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	−$2.6M −70.9K shares	$22.4M 616.5K shares
O One Capital Management, LLC RIA/Wealth	−$2.6M −72.7K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$2.4M −69.1K shares	Sold Off 0 shares
Per Stirling Capital Management, LLC. RIA/Wealth	−$2.1M −59.0K shares	$3.0M 83.1K shares
Trademark Financial Management, LLC RIA/Wealth	−$2.1M −58.5K shares	$1.7M 48.1K shares
Financial Advocates Investment Management RIA/Wealth	−$1.9M −52.3K shares	$283.5K 7.8K shares
A ATRIA INVESTMENTS LLC Institution	−$1.6M −46.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited COWG in Q3 2025

New Positions: 44
New Value: $57.3M
Exited Positions: 20
Exited Value: $23.8M

New Positions

Institution	Position Value
Foundations Investment Advisors, LLC RIA/Wealth	$16.3M 447.7K shares
RFG Advisory Group, LLC RIA/Wealth	$6.5M 178.9K shares
Mason & Associates Inc RIA/Wealth	$5.3M 146.1K shares
Fortis Advisors, LLC Family Office	$3.8M 104.2K shares
Tandem Investment Partners LLC RIA/Wealth	$2.4M 65.2K shares
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC RIA/Wealth	$2.0M 53.8K shares
Savvy Advisors, Inc. RIA/Wealth	$1.8M 50.7K shares
Summit Financial, LLC RIA/Wealth	$1.8M 50.2K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	$1.8M 50.2K shares
Y Y-Intercept Ltd Institution	$1.7M 45.6K shares

Exited Positions

Institution	Previous Position
Ethos Financial Group, LLC RIA/Wealth	$7.9M 225.3K shares
GeoWealth Management, LLC RIA/Wealth	$2.7M 75.5K shares
O One Capital Management, LLC RIA/Wealth	$2.6M 72.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.4M 69.1K shares
A ATRIA INVESTMENTS LLC Institution	$1.6M 46.3K shares
J JANE STREET GROUP, LLC Institution	$1.4M 39.6K shares
Optivise Advisory Services LLC RIA/Wealth	$1.2M 35.6K shares
C Coppell Advisory Solutions LLC RIA/Wealth	$1.1M 31.9K shares
L Lion Street Advisors, LLC RIA/Wealth	$1.1M 30.6K shares
D D. E. Shaw & Co., Inc. Institution	$584.7K 16.7K shares

Options Activity

Institutions with the largest Call and Put options positions in COWG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with COWG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
TRAPHAGEN INVESTMENT ADVISORS LLC RIA/Wealth	James A. Lawrence Member	6.15% $70.0M	1.9M shares	Q4 2024 Held for 11 months	$1.1B
S Sylvest Advisors, LLC Institution	-	6.02% $11.2M	308.5K shares	Q4 2024 Held for 11 months	$186.2M
Y Yeomans Consulting Group, Inc. Institution	-	5.03% $14.6M	399.4K shares	Q1 2025 Held for 8 months	$289.7M
Aspire Capital Advisors LLC RIA/Wealth	Andrew Jackson Armstrong Managing Partner	3.96% $16.1M	442.3K shares	Q1 2025 Held for 8 months	$405.4M
T Team Financial Group, LLC Institution	-	3.67% $7.9M	218.3K shares	Q3 2023 Held for 2y 2m	$215.7M
Delta Investment Management, LLC RIA/Wealth	Nicholas Granger Atkeson Managing Partner	3.66% $19.8M	546.3K shares	Q1 2025 Held for 8 months	$541.7M
Laurel Wealth Planning LLC RIA/Wealth	Laura Ann Kuntz CEO	3.36% $6.3M	173.4K shares	Q4 2024 Held for 11 months	$187.3M
ATLANTIC FAMILY WEALTH, LLC RIA/Wealth	Raul Alfonso Isern Managing Partner	2.98% $3.8M	105.9K shares	Q4 2024 Held for 11 months	$128.9M
Teamwork Financial Advisors, LLC RIA/Wealth	Douglas Ronald Moe CEO	2.67% $24.2M	668.0K shares	Q2 2025 Held for 5 months	$907.8M
WJ Wealth Management, LLC RIA/Wealth	Jeffry Reeves Jones Owner	2.56% $6.0M	164.5K shares	Q4 2024 Held for 11 months	$234.6M

Hedge Fund Spotlight

Discover hedge funds investing in COWG

Trexquant Investment LP

Hedge Fund • Quant

Portfolio ManagerTaesoon (Tyger) Park

Portfolio Value: $9.7B
Positions: 1,540
Last Reported: Q3 2025

Sector Allocation

Position in Pacer US Large Cap Cash Cows Growth Leaders

Market Value: $388.7K
Shares Held: 10.7K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$233.6M	2.41%
2 Microsoft MSFT	Software - Infrastructure Technology	$138.5M	1.43%
3 Costco Wholesale COST	Discount Stores Consumer Defensive	$122.3M	1.26%