COWZ · Pacer US Cash Cows 100 ETF · Holdings ETF

$71.45 +0.57 (+0.80%)

Volume · Oct 22 705.93K Avg daily vol (3M) 995.36K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 241

Total Value: $867,059,872

Total Shares: 12,987,717

Showing 1–100 of 241 holdings by value · page 1 of 3

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 241 13F filers · Δ vs Jun 30, 2026

Top Holder

6.5%

−12.2 pts

Top 5

20.3%

−24.0 pts

Top 10

32.7%

−23.9 pts

HHI

185

Broadly held−401

Who Holds COWZ

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 868 filers, like-for-like change -3.5%; actively managed books -3.6%; index-like books -2.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	29.0%	594	-5.6%	26	38
Exempt adviser	0.1%	1	+25.6%	0	0
Adviser	2.2%	8	-1.9%	1	0
Bank	26.8%	22	-3.6%	2	0
Broker-dealer	9.5%	1	-5.1%	0	0
Non-US	0.0%	1	-97.4%	0	1
Holding company	10.6%	7	-0.4%	0	0
Insurer	0.0%	0	-100.0%	0	1
Unknown	21.9%	234	-0.9%	13	16

Style	Share	Filers	Change	New	Exited
Index-like	8.1%	8	-2.1%	1	0
Systematic-like	0.2%	7	+37.2%	3	1
Concentrated	10.2%	316	+0.2%	16	27
Diversified active	81.5%	535	-4.1%	21	28
Not measured	0.0%	2	-57.7%	1	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	91.1%	591	-3.2%	27	28
Medium turnover	6.2%	150	-8.3%	5	19
High turnover	0.4%	17	+30.4%	6	2
Unknown	2.2%	108	-5.3%	3	7
Not measured	0.0%	2	-57.7%	1	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	2.1%	106	-6.6%	4	6
Medium horizon	11.4%	252	+2.4%	12	16
Long horizon	85.2%	480	-4.2%	19	30
Unknown	1.3%	28	+2.7%	6	4
Not measured	0.0%	2	-57.7%	1	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	11.1%	497	-1.8%	19	36
$1B to $10B	12.0%	258	-0.1%	17	12
$10B to $100B	19.9%	79	-2.5%	3	7
$100B or more	57.1%	32	-4.8%	2	1
Not measured	0.0%	2	-57.7%	1	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	28.0%	553	-5.8%	22	35
Pooled investment vehicles	0.1%	4	+47.7%	1	1
Registered funds and BDCs	0.0%	2	-75.5%	0	2
Pension and profit sharing plans	0.5%	8	+0.6%	0	0
Insurance companies	0.0%	1	+1.3%	0	0
Governments and sovereign funds	0.0%	1	new	1	0
Corporations	0.0%	4	-11.1%	1	0
Other investment advisers	0.1%	8	-19.2%	0	0
Other	0.1%	1	+9.5%	0	0
Diversified	0.2%	11	+2.5%	1	0
Charitable organizations	0.0%	0	—	0	0
Unknown	71.1%	275	-2.6%	16	18

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.6%	24	+4.1%	2	1
Private equity funds	0.3%	19	-44.9%	4	0
Venture capital funds	0.1%	3	+5.9%	0	0
Real estate funds	0.7%	10	+11.8%	0	0
Securitized asset funds	0.0%	2	-14.0%	0	0
Other private funds	2.5%	20	-2.9%	0	0
Mixed private funds	0.0%	1	0.0%	0	0
Private funds, type not stated	0.4%	3	+1.7%	0	2
No private funds	23.5%	513	-6.1%	20	35
Unknown	70.9%	273	-2.6%	16	18

Location	Share	Filers	Change	New	Exited
United States	96.4%	859	-3.6%	42	55
Outside the US	3.6%	9	-0.4%	0	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 15 holders with no observed 2026-03-31 13F and 17 holders with no observed 2026-06-30 13F.

Conviction and Crowding

866 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

122

14.1% of filers hold it in their top 10

Mar 31, 2026: 152

Holders above 5%

median weight 0.139%

Mar 31, 2026: 31

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

56.6%

of 13F shares, Herfindahl 0.059

Active holders

-3.6%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 20.1 quarters

Under 1 year 3.79% 1 to 3 years 14.8% 3 years or more 81.4% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net sellers of $178,478 (1 buying, 1 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$53.22

estimated per share

Mar 31, 2026: $52.98

Quarter-end price

$62.20

implied by 13F values

Estimated gain or loss

+16.9%

price against the estimated cost

Estimated at a loss

3.54%

of costed 13F value

Estimated cost covers 37.3% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of COWZ by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 290,639 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	290,639	1
Active ETFs	0	0
Active funds	0	0
Unclassified	0	0
All registered funds	290,639	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

100

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -628

Institutional value: -92.5%

Shares held: -93.0%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid Blue Trust, Inc.	+55,377	57,096
Small Stillwater Wealth Management Group	+32,762	49,060
Mid Fiduciary Alliance LLC	+28,075	182,408
Small Tactive Advisors, LLC	+27,729	48,253
Small Cyr Financial Inc.	+21,701	294,565

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid AXXCESS WEALTH MANAGEMENT, LLC	−950,104	11,329
Mid Wealthcare Advisory Partners LLC	−275,662	320,003
Small Provident Wealth Management, LLC	−225,966	605,034
Small HBW ADVISORY SERVICES LLC	−92,216	180,368
Small Clarus Wealth Advisors	−34,604	72,529

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Schear Investment Advisers, LLC	100,476	$6,707,777
Mid Y-Intercept (Hong Kong) Ltd	86,877	$5,799,908
Micro Virginia Estate & Retirement Planning Advisors Inc.	51,076	$3,409,833
Small Tempus Wealth Planning, LLC	17,722	$1,183,120
Small CPC Advisors, LLC	16,027	$1,069,962

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small KMG FIDUCIARY PARTNERS, LLC	41,416	$2,576,075
Small Revisor Wealth Management LLC	14,914	$927,650
Small Hofer & Associates. Inc	10,419	$648,061
Small Vann Equity Management LLC	9,408	$585,177
Small Asset Allocation Strategies LLC	4,593	$285,684

Filter: New 20 Increased 90 Reduced 100 Sold out 12 Unchanged 30

Holder type: Registered adviser 168 Exempt adviser 1 Adviser 1 Bank 1 Unknown 70

Showing 100 of 241

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC COWZ

$56,547,322

6.52%

847,024

Provident Wealth Management, LLC COWZ

$40,392,069

4.66%

605,034

Paragon Capital Management Ltd COWZ

$27,424,941

3.16%

410,799

Wiser Wealth Management, Inc COWZ

$27,330,609

3.15%

409,386

Decker Wealth Management LLC COWZ

$24,238,820

2.80%

363,074

INDEPENDENT FINANCIAL GROUP, LLC COWZ

$22,363,331

2.58%

334,981

Concurrent Investment Advisors, LLC COWZ

$22,281,950

2.57%

333,762

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Concurrent Asset Management, LLC	5,041	$336,537	1.5%	Sole
Held directly	328,721	$21,945,413	98.5%	Sole

Wealthcare Advisory Partners LLC COWZ

$21,363,400

2.46%

320,003

Inlight Wealth Management, LLC COWZ

$20,722,437

2.39%

310,402

Wealth Group Ltd COWZ

$20,441,644

2.36%

306,196

Cyr Financial Inc. COWZ

$19,665,159

2.27%

294,565

Clay Northam Wealth Management, LLC COWZ

$18,647,870

2.15%

279,327

Foster Victor Wealth Advisors, LLC COWZ

$17,341,577

2.00%

259,760

Intelligence Driven Advisers, LLC COWZ

$16,919,454

1.95%

253,437

Longview Financial Advisors, Inc. COWZ

$15,638,997

1.80%

234,257

GEN Financial Management, INC. COWZ

$13,314,948

1.54%

199,445

DAVENPORT & Co LLC COWZ

$13,137,032

1.52%

196,780

Ballast, Inc. COWZ

$12,647,414

1.46%

189,446

Financial Partners Group, Inc COWZ

$12,422,099

1.43%

186,071

Benchmark Financial Wealth Advisors, LLC COWZ

$12,327,501

1.42%

184,654

Fiduciary Alliance LLC COWZ

$12,177,558

1.40%

182,408

HBW ADVISORY SERVICES LLC COWZ

$12,041,367

1.39%

180,368

BEACON INVESTMENT ADVISORY SERVICES, INC. COWZ

$11,659,700

1.34%

174,651

Lighthouse Wealth Management Inc. COWZ

$11,369,828

1.31%

170,309

Burns Matteson Capital Management, LLC COWZ

$11,271,224

1.30%

168,832

Fermata Advisors, LLC COWZ

$10,595,012

1.22%

158,703

Altus Wealth Group LLC COWZ

$9,979,151

1.15%

149,478

Onyx Bridge Wealth Group LLC COWZ

$9,013,334

1.04%

135,011

IFP Advisors, Inc COWZ

$8,099,056

0.93%

121,316

First Heartland Consultants, Inc. COWZ

$7,979,555

0.92%

119,526

Fearless Solutions, LLC dba Best Invest COWZ

$7,731,942

0.89%

115,817

AMERICAN FINANCIAL & TAX STRATEGIES INC COWZ

$7,377,914

0.85%

110,514

RVW Wealth, LLC COWZ

$7,304,812

0.84%

109,419

Procyon Advisors, LLC COWZ

$7,088,376

0.82%

106,177

Schear Investment Advisers, LLC COWZ

$6,707,777

0.77%

100,476

Tempo Wealth, LLC COWZ

$6,707,777

0.77%

100,476

Tandem Investment Partners LLC COWZ

$6,487,002

0.75%

97,169

Retirement Planning Group, LLC COWZ

$6,287,390

0.73%

94,179

LifeWealth Investments, LLC COWZ

$5,952,188

0.69%

89,158

Prota Financial, LLC COWZ

$5,913,667

0.68%

88,581

CATHY PARETO & ASSOCIATES, INC COWZ

$5,862,128

0.68%

87,809

Y-Intercept (Hong Kong) Ltd COWZ

$5,799,908

0.67%

86,877

WealthPlan Investment Management, LLC COWZ

$5,247,536

0.61%

78,603

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC COWZ

$5,107,406

0.59%

76,504

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIGNATURE INVESTMENT ADVISORS LLC	3,167	$211,428	4.1%	Defined
Held directly	73,337	$4,895,978	95.9%	Sole

Lodestone Wealth Management LLC COWZ

$5,103,334

0.59%

76,443

PFG Advisors COWZ

$4,906,793

0.57%

73,499

Bullock Wealth Management Group COWZ

$4,882,025

0.56%

73,128

Clarus Wealth Advisors COWZ

$4,842,036

0.56%

72,529

Cyndeo Wealth Partners, LLC COWZ

$4,840,634

0.56%

72,508

UNIQUE WEALTH, LLC COWZ

$4,799,576

0.55%

71,893

FAGAN ASSOCIATES, INC. COWZ

$4,710,585

0.54%

70,560

RiverTree Advisors, LLC COWZ

$4,707,915

0.54%

70,520

Commerce Advisors, LLC COWZ

$4,495,952

0.52%

67,345

Post Resch Tallon Group Inc. COWZ

$4,370,910

0.50%

65,472

Financial Guidance Group, Inc. COWZ

$4,355,756

0.50%

65,245

Planning Strategies Inc. COWZ

$4,188,722

0.48%

62,743

Vavra Capital Management, LLC COWZ

$4,105,272

0.47%

61,493

Farther Finance Advisors, LLC COWZ

$4,034,507

0.47%

60,433

First PREMIER Bank COWZ

$3,819,072

0.44%

57,206

Blue Trust, Inc. COWZ

$3,811,728

0.44%

57,096

TrueWealth Advisors, LLC COWZ

$3,723,739

0.43%

55,778

WealthPLAN Partners, LLC COWZ

$3,713,725

0.43%

55,628

ONE PLUS ONE WEALTH MANAGEMENT, LLC COWZ

$3,678,208

0.42%

55,096

Waycross Investment Management Co COWZ

$3,546,625

0.41%

53,125

Virginia Estate & Retirement Planning Advisors Inc. COWZ

$3,409,833

0.39%

51,076

Smith Thornton Advisors LLC COWZ

$3,348,147

0.39%

50,152

Stillwater Wealth Management Group COWZ

$3,275,245

0.38%

49,060

James T. Borello RIA COWZ

$3,229,915

0.37%

48,381

Tactive Advisors, LLC COWZ

$3,221,370

0.37%

48,253

Atria Investments, Inc COWZ

$3,130,509

0.36%

46,892

Paragon Private Wealth Management, LLC COWZ

$2,963,743

0.34%

44,394

Ellis Investment Partners, LLC COWZ

$2,667,195

0.31%

39,952

Focus Financial Network, Inc. COWZ

$2,659,851

0.31%

39,842

JBR Co Financial Management Inc COWZ

$2,651,306

0.31%

39,714

Copper Harbor Investment Advisors, LLC COWZ

$2,529,202

0.29%

37,885

TRAPHAGEN INVESTMENT ADVISORS LLC COWZ

$2,498,025

0.29%

37,418

McKinley Carter Wealth Services, Inc. COWZ

$2,496,356

0.29%

37,393

J2 Capital Management Inc COWZ

$2,430,464

0.28%

36,406

Wilkerson Advisory Group LLC COWZ

$2,428,528

0.28%

36,377

Investment Partners Asset Management, Inc. COWZ

$2,330,257

0.27%

34,905

STAPP WEALTH MANAGEMENT, PLLC COWZ

$2,188,526

0.25%

32,782

HF Advisory Group, LLC COWZ

$2,094,327

0.24%

31,371

Venture Visionary Partners LLC COWZ

$2,055,540

0.24%

30,790

Echo Wealth Management, LLC COWZ

$2,044,925

0.24%

30,631

USAdvisors Wealth Management, LLC COWZ

$2,034,577

0.23%

30,476

Goldstein Advisors, LLC COWZ

$2,026,766

0.23%

30,359

PRIVATE TRUST CO NA COWZ

$2,022,828

0.23%

30,300

FINANCIAL MANAGEMENT NETWORK INC COWZ

$1,970,688

0.23%

29,519

B. Riley Wealth Advisors, Inc. COWZ

$1,954,799

0.23%

29,281

Unified Investment Management COWZ

$1,905,797

0.22%

28,547

Lewis Asset Management, LLC COWZ

$1,806,392

0.21%

27,058

Hudock, Inc. COWZ

$1,775,749

0.20%

26,599

WORLD EQUITY GROUP, INC. COWZ

$1,773,012

0.20%

26,558

Next Level Private LLC COWZ

$1,696,772

0.20%

25,416

Diversify Advisory Services, LLC COWZ

$1,592,559

0.18%

23,855

DIVERSIFY WEALTH MANAGEMENT, LLC COWZ

$1,592,559

0.18%

23,855

Sound Income Strategies, LLC COWZ

$1,586,684

0.18%

23,767

TITLEIST ASSET MANAGEMENT, LLC COWZ

$1,563,318

0.18%

23,417

Stegent Equity Advisors, Inc. COWZ

$1,513,048

0.17%

22,664

Global Financial Private Client, LLC COWZ

$1,488,147

0.17%

22,291

Showing the top 100 of 241 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.