Vault-13

PACER FDS TR COWG

US LRG CP CASH · ETP · CUSIP 69374H360

201 institutional holders +39 vs Q1 2025
40,809,70540.8m shares reported held*
$1.4bnreported value*
52 new 113 added 28 reduced 13 sold out net bought ≈ $569.7m (+16.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($240.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.10.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q4 22: 2Q1 23: 10Q2 23: 16Q3 23: 21Q4 23: 24Q1 24: 38Q2 24: 57Q3 24: 57Q4 24: 113Q1 25: 162Q2 25: 201201Q4 22Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20222
Q1 202310
Q2 202316
Q3 202321
Q4 202324
Q1 202438
Q2 202457
Q3 202457
Q4 2024113
Q1 2025162
Q2 2025201

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 18 bought or addedQ3 23: 2 cut or sold outQ4 23: 18 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 34 bought or addedQ1 24: 4 cut or sold outQ2 24: 44 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 40 bought or addedQ3 24: 19 cut or sold outQ4 24: 96 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 143 bought or addedQ1 25: 20 cut or sold outQ2 25: 165 bought or addedQ2 25: 41 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023182
Q4 2023183
Q1 2024344
Q2 2024446
Q3 20244019
Q4 2024967
Q1 202514320
Q2 202516541

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +2,545,530+2.5m
MORGAN STANLEY Added +2,198,366+2.2m
LPL Financial LLC Added +1,302,238+1.3m
ENVESTNET ASSET MANAGEMENT INC Added +1,050,327+1.1m
WELLS FARGO & COMPANY/MN Added +848,865+848.9k
MML INVESTORS SERVICES, LLC Added +595,341+595.3k
Teamwork Financial Advisors, LLC New +568,102+568.1k
Clark Capital Management Group, Inc. New +435,467+435.5k
TRAPHAGEN INVESTMENT ADVISORS LLC Added +406,865+406.9k
Delta Investment Management, LLC Added +387,368+387.4k

Biggest sellers

WIN ADVISORS, INC Sold out -378,572-378.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -70,390-70.4k
Atria Investments, Inc Reduced -68,139-68.1k
JANE STREET GROUP, LLC Reduced -62,578-62.6k
Perissos Private Wealth Management, LLC Sold out -56,707-56.7k
WJ Wealth Management, LLC Reduced -49,573-49.6k
One Capital Management, LLC Reduced -49,393-49.4k
World Investment Advisors Reduced -48,058-48.1k
Atria Wealth Solutions, Inc. Reduced -46,686-46.7k
Sovran Advisors, LLC Reduced -36,605-36.6k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 6,335,8586.3m $222.5m $222.5m 0.02% Added +2.5m +2,545,530
2 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 3,917,8553.9m $137.6m $137.6m 0.05% Added +1.3m +1,302,238
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,201,6322.2m $77.3m $77.3m 0.01% Added +2.2m +2,198,366
4 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,092,7592.1m $73.5m $73.5m 0.02% Added +848.9k +848,865
5 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,981,6342.0m $69.6m $69.6m 0.02% Added +348.7k +348,660
6 TRAPHAGEN INVESTMENT ADVISORS LLC 6.46% of their portfolio ORADELL, NJ 1,943,5541.9m $68.2m $68.2m 6.46% Added +406.9k +406,865
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,377,2381.4m $48.4m $48.4m 0.01% Added +1.1m +1,050,327
8 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,288,4611.3m $44.9m $44.9m 0.03% Added +378.5k +378,520
9 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 885,317885.3k $31.1m $31.1m 0.09% Added +595.3k +595,341
10 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 876,219876.2k $30.8m $30.8m 0.09% Added +355.6k +355,565
11 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 774,164774.2k $27.2m $27.2m 0.05% Added +378.7k +378,736
12 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 734,509734.5k $25.8m $25.8m 0.04% Added +384.5k +384,532
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 687,409687.4k $24.1m $24.1m 0.02% Added +371.0k +371,048
14 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 678,031678.0k $23.8m $23.8m 0.03% Added +310.4k +310,425
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 628,008628.0k $22.0m $22.0m 0.00% Added +347.0k +347,007
16 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 607,398607.4k $21.3m $21.3m 0.03% Added +236.9k +236,851
17 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 580,921580.9k $20.4m $20.4m 0.10% Added +157.0k +157,035
18 Teamwork Financial Advisors, LLC 2.45% of their portfolio San Antonio, TX 568,102568.1k $19.9m $19.9m 2.45% New
19 Delta Investment Management, LLC 3.78% of their portfolio SAN FRANCISCO, CA 560,871560.9k $19.7m $19.7m 3.78% Added +387.4k +387,368
20 Orion Porfolio Solutions, LLC 0.13% of their portfolio OMAHA, NE 447,093447.1k $15.7m $15.7m 0.13% Added +263.0k +262,955
21 Clark Capital Management Group, Inc. 0.11% of their portfolio PHILADELPHIA, PA 435,467435.5k $15.3m $15.3m 0.11% New
22 Aspire Capital Advisors LLC 4.17% of their portfolio SEATTLE, WA 430,271430.3k $15.1m $15.1m 4.17% Added +15.0k +15,048
23 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 426,460426.5k $15.1m $15.1m 0.03% Reduced -8.5k -8,515
24 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 391,098391.1k $13.7m $13.7m 0.02% Added +79.3k +79,307
25 Heck Capital Advisors, LLC 1.13% of their portfolio Rhinelander, WI 372,699372.7k $13.1m $13.1m 1.13% New
26 Yeomans Consulting Group, Inc. 4.99% of their portfolio Marietta, GA 345,853345.9k $12.1m $12.1m 4.99% Reduced -12.8k -12,809
27 HARBOUR INVESTMENTS, INC. 0.30% of their portfolio MADISON, WI 340,758340.8k $12.0m $12.0m 0.30% Added +90.3k +90,335
28 CMC Financial Group 27.10% of their portfolio ATLANTA, GA 337,992338.0k $11.9m $11.9m 27.10% Reduced -3.5k -3,470
29 Sylvest Advisors, LLC 6.12% of their portfolio DALLAS, TX 302,796302.8k $10.6m $10.6m 6.12% Added +36.8k +36,751
30 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 297,350297.4k $10.4m $10.4m 0.08% Added +9.8k +9,812
31 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 271,979272.0k $9.5m $9.5m 0.06% Added +22.7k +22,695
32 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 240,090240.1k $8.4m $8.4m 0.01% Added +203.6k +203,628
33 Cornerstone Wealth Management, LLC 0.48% of their portfolio ST. PETERS, MO 225,864225.9k $7.9m $7.9m 0.48% Added +20.2k +20,152
34 Ethos Financial Group, LLC 0.68% of their portfolio KING OF PRUSSIA, PA 225,303225.3k $7.9m $7.9m 0.68% New
35 Team Financial Group, LLC 3.58% of their portfolio TEMECULA, CA 207,678207.7k $7.3m $7.3m 3.58% Added +23.2k +23,162
36 SMITH, MOORE & CO. 0.57% of their portfolio CLAYTON, MO 194,977195.0k $6.8m $6.8m 0.57% Added +181.9k +181,872
37 StoneX Group Inc. 0.31% of their portfolio NEW YORK, NY 182,385182.4k $6.4m $6.4m 0.31% Reduced -15.5k -15,493
38 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 176,506176.5k $6.2m $6.2m 0.00% New
39 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 173,538173.5k $6.1m $6.1m 0.01% Added +20.1k +20,074
40 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 173,159173.2k $6.1m $6.1m 0.03% Added +145.1k +145,112
41 Laurel Wealth Planning LLC 3.45% of their portfolio EDINA, MN 172,848172.8k $6.1m $6.1m 3.45% Added +10.0k +10,003
42 AVANTAX ADVISORY SERVICES, INC. 0.03% of their portfolio DALLAS, TX 169,800169.8k $6.0m $6.0m 0.03% Added +32.9k +32,856
43 WJ Wealth Management, LLC 1.88% of their portfolio GLENDALE, AZ 169,320169.3k $5.9m $5.9m 1.88% Reduced -49.6k -49,573
44 VERUS CAPITAL PARTNERS, LLC 0.48% of their portfolio SCOTTSDALE, AZ 153,207153.2k $5.4m $5.4m 0.48% Reduced -13.7k -13,732
45 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 151,983152.0k $5.3m $5.3m 0.09% Added +6.6k +6,578
46 Advisory Services Network, LLC 0.09% of their portfolio ATLANTA, GA 151,691151.7k $5.3m $5.3m 0.09% Added +11.9k +11,916
47 Per Stirling Capital Management, LLC. 0.65% of their portfolio AUSTIN, TX 142,072142.1k $5.0m $5.0m 0.65% Added +35.4k +35,361
48 Nilsine Partners, LLC 0.50% of their portfolio GREENWOOD VILLAGE, CO 140,787140.8k $4.9m $4.9m 0.50% Added +5.2k +5,225
49 Mariner, LLC 0.01% of their portfolio Overland Park, KS 134,530134.5k $4.7m $4.7m 0.01% Added +67.7k +67,739
50 FLAGSHIP HARBOR ADVISORS, LLC 0.20% of their portfolio BOSTON, MA 123,208123.2k $4.3m $4.3m 0.20% Added +2.7k +2,652
51 Plan Group Financial, LLC 1.41% of their portfolio OKLAHOMA CITY, OK 122,156122.2k $4.3m $4.3m 1.41% Added +30.8k +30,779
52 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 111,980112.0k $3.9m $3.9m 0.00% Added +17.2k +17,154
53 World Investment Advisors 0.09% of their portfolio LINCROFT, NJ 107,703107.7k $3.8m $3.8m 0.09% Reduced -48.1k -48,058
54 KESTRA PRIVATE WEALTH SERVICES, LLC 0.05% of their portfolio AUSTIN, TX 106,607106.6k $3.7m $3.7m 0.05% Added +2.2k +2,204
55 Trademark Financial Management, LLC 2.29% of their portfolio Bloomington, MN 106,581106.6k $3.7m $3.7m 2.29% Added +34.9k +34,851
56 CPC Advisors, LLC 0.44% of their portfolio Atlanta, GA 99,992100.0k $3.5m $3.5m 0.44% Reduced -1.8k -1,780
57 Patriot Financial Group Insurance Agency, LLC 0.40% of their portfolio Westborough, MA 99,82799.8k $3.5m $3.5m 0.40% New
58 PRINCIPAL SECURITIES, INC. 0.06% of their portfolio DES MOINES, IA 96,10096.1k $3.4m $3.4m 0.06% Added +93.9k +93,900
59 CLG LLC 0.96% of their portfolio Long Beach, CA 87,75287.8k $3.1m $3.1m 0.96% Reduced -6.0k -5,989
60 Arkadios Wealth Advisors 0.09% of their portfolio ATLANTA, GA 87,33287.3k $3.1m $3.1m 0.09% Added +21.7k +21,677
61 Atlas Private Wealth Advisors 0.36% of their portfolio RED BANK, NJ 80,46180.5k $2.8m $2.8m 0.36% Added +10.9k +10,948
62 RVW Wealth, LLC 0.24% of their portfolio LOS ANGELES, CA 80,04080.0k $2.8m $2.8m 0.24% New
63 HBW ADVISORY SERVICES LLC 0.33% of their portfolio SIMI VALLEY, CA 76,43276.4k $2.7m $2.7m 0.33% Added +66.6k +66,565
64 GeoWealth Management, LLC 0.10% of their portfolio CHICAGO, IL 75,53175.5k $2.7m $2.7m 0.10% New
65 One Capital Management, LLC 0.09% of their portfolio WESTLAKE VILLAGE, CA 72,68772.7k $2.6m $2.6m 0.09% Reduced -49.4k -49,393
66 StoneCrest Wealth Management, Inc. 1.19% of their portfolio CHANDLER, AZ 71,44271.4k $2.5m $2.5m 1.19% New
67 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 69,10069.1k $2.4m $2.4m 0.00% New
68 Centurion Wealth Management LLC 0.69% of their portfolio Mclean, VA 68,74368.7k $2.4m $2.4m 0.69% Added +3.2k +3,228
69 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 65,82065.8k $2.3m $2.3m 0.02% Added +25.2k +25,194
70 THOROUGHBRED FINANCIAL SERVICES, LLC 0.16% of their portfolio BRENTWOOD, TN 65,71365.7k $2.3m $2.3m 0.16% Added +19.2k +19,219
71 Coppell Advisory Solutions LLC 0.16% of their portfolio COPPELL, TX 63,84463.8k $2.2m $2.2m 0.16% New
72 INDEPENDENT FINANCIAL GROUP, LLC 0.06% of their portfolio SAN DIEGO, CA 63,66063.7k $2.2m $2.2m 0.06% Added +15.9k +15,883
73 Financial Advocates Investment Management 0.17% of their portfolio OLYMPIA, WA 60,11760.1k $2.1m $2.1m 0.17% Added +3.0k +2,971
74 JBR Co Financial Management Inc 1.04% of their portfolio ARDMORE, OK 59,93859.9k $2.1m $2.1m 1.04% Added +18.7k +18,679
75 LEVEL FOUR ADVISORY SERVICES, LLC 0.08% of their portfolio DALLAS, TX 59,39659.4k $2.1m $2.1m 0.08% New
76 Stratos Wealth Partners, LTD. 0.03% of their portfolio BEACHWOOD, OH 58,13858.1k $2.0m $2.0m 0.03% Added +41.2k +41,205
77 ZEGA Investments, LLC 0.48% of their portfolio PALM BEACH GARDENS, FL 53,97154.0k $1.9m $1.9m 0.48% New
78 EverSource Wealth Advisors, LLC 0.08% of their portfolio BIRMINGHAM, AL 52,66452.7k $1.8m $1.8m 0.08% Added +12.9k +12,874
79 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 50,35750.4k $1.8m $1.8m 0.02% New
80 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 49,54149.5k $1.7m $1.7m 0.04% Reduced -46.7k -46,686
81 Lifeworks Advisors, LLC 0.25% of their portfolio GRAND RAPIDS, MI 47,35147.4k $1.7m $1.7m 0.25% Added +671 +671
82 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 46,33046.3k $1.6m $1.6m 0.02% Reduced -68.1k -68,139
83 ATLANTIC FAMILY WEALTH, LLC 1.34% of their portfolio CORAL GABLES, FL 43,93343.9k $1.5m $1.5m 1.34% Added +25.5k +25,451
84 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.21% of their portfolio CONCORD, MA 42,87642.9k $1.5m $1.5m 0.21% Added +5.6k +5,624
85 Tactive Advisors, LLC 0.46% of their portfolio Jacksonville, FL 40,39140.4k $1.4m $1.4m 0.46% First filing
86 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 39,57639.6k $1.4m $1.4m 0.00% Reduced -62.6k -62,578
87 Capital Investment Advisory Services, LLC 0.11% of their portfolio RALEIGH, NC 39,57239.6k $1.4m $1.4m 0.11% Added +2.5k +2,469
88 Western Wealth Management, LLC 0.08% of their portfolio GOLDEN, CO 39,28539.3k $1.4m $1.4m 0.08% Added +14.4k +14,358
89 Long Island Wealth Management, Inc. 0.70% of their portfolio MELVILLE, NY 38,49938.5k $1.4m $1.4m 0.70% Reduced -1.1k -1,140
90 First Heartland Consultants, Inc. 0.12% of their portfolio LAKE ST. LOUIS, MO 37,70737.7k $1.3m $1.3m 0.12% New
91 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 37,03637.0k $1.3m $1.3m 0.01% Added +5.9k +5,909
92 Tripletail Wealth Management, LLC 1.84% of their portfolio ORLANDO, FL 36,87036.9k $1.3m $1.3m 1.84% First filing
93 Copia Wealth Management 1.06% of their portfolio BEND, OR 35,76235.8k $1.3m $1.3m 1.06% Added +8.8k +8,823
94 Optivise Advisory Services LLC 0.64% of their portfolio FRANKLIN, TN 35,57935.6k $1.2m $1.2m 0.64% New
95 Belpointe Asset Management LLC 0.05% of their portfolio RENO, NV 35,56135.6k $1.2m $1.2m 0.05% Added +152 +152
96 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 35,23535.2k $1.2m $1.2m 0.01% Added +16.8k +16,811
97 XML Financial, LLC 0.11% of their portfolio BETHESDA, MD 34,70934.7k $1.2m $1.2m 0.11% Added +16.5k +16,485
98 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 34,25034.2k $1.2m $1.2m 0.02% Added +1.5k +1,500
99 OFC FINANCIAL PLANNING, LLC 1.25% of their portfolio SHORT HILLS, NJ 33,46233.5k $1.2m $1.2m 1.25% Added +58 +58
100 TrueWealth Advisors, LLC 0.35% of their portfolio BIRMINGHAM, AL 33,43133.4k $1.2m $1.2m 0.35% Added +7.7k +7,669