Pacer Advisors, Inc.
Reported US equity positions for Q1 2026 — $38.1B across 3,652 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| B 0 06.25.26 United States Treasury Bill | $1.9B | 4.9% | 1,891,069,000 |
| 004511809 ConocoPhillips | $503.5M | 1.3% | 3,813,746 |
| 00B39GNW2 EDP Renovaveis SA | $480.9M | 1.3% | 7,929,531 |
| 007133608 Equinor ASA | $477.5M | 1.3% | 4,945,022 |
| 00BMHVLR3 Tenaris SA | $472.5M | 1.2% | 16,799,884 |
| 00BYWR0T5 Coles Group Ltd | $462.9M | 1.2% | 16,249,697 |
| 00B283W97 CaixaBank SA | $462.1M | 1.2% | 7,040,055 |
| 00BN7SWP6 Comcast Corp | $457.5M | 1.2% | 16,030,280 |
| BAC Bank of America Corporation | $445.5M | 1.2% | 8,874,123 |
| 007103065 Intuit Inc | $427.9M | 1.1% | 1,286,825 |
| 00BSNMGT9 Gilead Sciences Inc | $410.5M | 1.1% | 2,947,471 |
| 00BMG3GS6 SK Square Co Ltd | $409.0M | 1.1% | 3,776,968 |
| 00BNCBD46 Diamondback Energy Inc | $385.1M | 1.0% | 1,946,948 |
| 00BYMXPS7 QUALCOMM Inc | $384.5M | 1.0% | 2,994,372 |
| 00B8KF9B4 Salesforce Inc | $376.4M | 1.0% | 3,477,800 |
| 00B4TP9G2 Dollarama Inc | $375.9M | 1.0% | 91,385 |
| 00BHJYC05 Accenture PLC | $374.7M | 1.0% | 1,974,778 |
| UBER Uber Technologies, Inc. | $370.6M | 1.0% | 5,152,795 |
| TMUS T-Mobile US, Inc. | $368.7M | 1.0% | 1,755,286 |
| 00BLPLD38 Sandoz Group AG | $357.0M | 0.9% | 412,531 |
| 00B0DJNG0 Ford Motor Co | $356.6M | 0.9% | 30,872,565 |
| 006436557 CVS Health Corp | $348.1M | 0.9% | 4,932,421 |
| 006728793 HCA Healthcare Inc | $346.2M | 0.9% | 7,540,801 |
| UPS United Parcel Service, Inc. | $345.4M | 0.9% | 3,510,630 |
| 006098032 Bezeq The Israeli Telecommunication Corp Ltd | $344.6M | 0.9% | 1,439,750 |
| 00BMD8KX7 Stellantis NV | $328.9M | 0.9% | 1,910,812 |
| 007108918 Roche Holding AG | $326.8M | 0.9% | 1,338,321 |
| 007745638 Essent Group Ltd | $310.7M | 0.8% | 6,044,575 |
| 005962343 STMicroelectronics NV | $305.1M | 0.8% | 4,697,517 |
| 00B4YVF56 Brenntag SE | $293.7M | 0.8% | 2,325,743 |
| 00B4R39F7 Chow Tai Fook Jewellery | $287.6M | 0.8% | 9,278,914 |
| 00BVMN155 Regeneron Pharmaceuticals Inc | $277.1M | 0.7% | 360,467 |
| 8AMMF0A84 U.S. Bank Money Market Deposit Account | $274.0M | 0.7% | 273,979,268 |
| VLO Valero Energy Corporation | $270.1M | 0.7% | 1,092,978 |
| 00B288C92 Delta Air Lines Inc | $270.0M | 0.7% | 4,112,733 |
| 00B4RFDT5 Devon Energy Corp | $267.9M | 0.7% | 5,323,900 |
| 006140579 Chicony Electronics Co Ltd | $265.2M | 0.7% | 1,136,732 |
| 00B60DR09 Expedia Group Inc | $247.0M | 0.6% | 1,072,995 |
| 00B15C4L6 Constellation Software Inc/Canada | $241.8M | 0.6% | 1,188,511 |
| 00BMNQDC1 EOG Resources Inc | $238.0M | 0.6% | 1,650,101 |
| 00B5M6XQ7 DR Horton Inc | $216.2M | 0.6% | 4,768,897 |
| 002566124 Sun Life Financial Inc | $214.7M | 0.6% | 2,851,991 |
| 006483809 EQT Corp | $213.3M | 0.6% | 3,355,366 |
| 007097328 Colgate-Palmolive Co | $208.9M | 0.5% | 2,450,816 |
| ZM Zoom Communications, Inc. | $208.7M | 0.5% | 2,595,840 |
| 00BZ5ZHK3 Kraft Heinz Co/The | $208.5M | 0.5% | 9,272,228 |
| 006356934 FANUC Corp | $199.5M | 0.5% | 651,321 |
| 005051605 Corteva Inc | $192.5M | 0.5% | 2,336,938 |
| TGT Target Corporation | $189.4M | 0.5% | 1,562,344 |
| 00B11TCY0 Schindler Holding AG | $186.6M | 0.5% | 504,234 |
| 006811734 Singapore Airlines Ltd | $186.2M | 0.5% | 1,829,252 |
| 00BPSLYH4 Syensqo SA | $183.2M | 0.5% | 1,586,625 |
| 005633962 HP Inc | $175.8M | 0.5% | 9,147,079 |
| 005671735 Sanofi SA | $174.3M | 0.5% | 1,633,941 |
| 006639550 Incyte Corp | $164.6M | 0.4% | 1,753,418 |
| 006076146 Roper Technologies Inc | $162.4M | 0.4% | 483,815 |
| 004103596 Edp Sa | $159.4M | 0.4% | 552,528 |
| WDAY Workday, Inc. | $159.4M | 0.4% | 1,227,051 |
| UAL United Airlines Holdings, Inc. | $158.3M | 0.4% | 1,719,186 |
| 00BRS7CF0 Ferrovial NV | $154.2M | 0.4% | 1,191,337 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| 004511809 ConocoPhillips | Add | $503.5M | $158.0M | +62% |
| 007133608 Equinor ASA | Add | $477.5M | $73.7M | +60% |
| 00B283W97 CaixaBank SA | Add | $462.1M | $412.1M | +439% |
| 00BN7SWP6 Comcast Corp | Add | $457.5M | $142.0M | +274% |
| BAC Bank of America Corporation | Trim | $445.5M | $419.4M | -14% |
| 00BMG3GS6 SK Square Co Ltd | Trim | $409.0M | $211.9M | -27% |
| UBER Uber Technologies, Inc. | Add | $370.6M | $340.5M | +24% |
| 006436557 CVS Health Corp | Add | $348.1M | $65.3M | +362% |
| UPS United Parcel Service, Inc. | Add | $345.4M | $321.8M | +8% |
| 8AMMF0A84 U.S. Bank Money Market Deposit Account | Trim | $274.0M | $467.6M | -41% |
| VLO Valero Energy Corporation | Add | $270.1M | $154.7M | +15% |
| 00B4RFDT5 Devon Energy Corp | Add | $267.9M | $136.2M | +419% |
| 006140579 Chicony Electronics Co Ltd | Add | $265.2M | $76.7M | +73% |
| ZM Zoom Communications, Inc. | Add | $208.7M | $202.1M | +11% |
| 005671735 Sanofi SA | Add | $174.3M | $125.1M | +89% |
| WDAY Workday, Inc. | Add | $159.4M | $164.3M | +60% |
| UAL United Airlines Holdings, Inc. | Trim | $158.3M | $305.3M | -37% |
| 00B15C557 Total Se | Add | $127.7M | $81.8M | +11% |
| 000718875 Rio Tinto PLC | Add | $123.6M | $93.5M | +162% |
| 000798059 Bp PLC | Add | $119.1M | $77.8M | +10% |
| 002171573 Canadian Nat Res LTD | Add | $117.7M | $83.3M | +8% |
| 00BP6MXD8 Shell PLC | Add | $114.7M | $101.9M | +9% |
| 005842359 Deutsche Telekom AG | Add | $109.1M | $81.5M | +17% |
| 007145056 Eni SpA | Add | $95.5M | $66.5M | +25% |
| 005889505 Dollar Tree Inc | Trim | $95.2M | $174.4M | -28% |
| 006870445 Takeda Pharmaceutical Co Ltd | Trim | $91.2M | $135.4M | -51% |
| PSMO Pacer Swan SOS Moderate October ETF | Trim | $81.0M | $86.1M | -4% |
| 00BVDJZ16 Everest Group Ltd | Trim | $79.7M | $188.9M | -39% |
| 004253048 AP Moller - Maersk A/S | Add | $78.1M | $65.7M | +93% |
| 00B1XH026 Reliance Inc | Add | $76.5M | $64.7M | +11% |
| PSMD Pacer Swan SOS Moderate January ETF | Add | $75.4M | $66.7M | +15% |
| 005529027 Goodyear Tire & Rubber Co/The | Trim | $74.2M | $141.4M | -39% |
| PSMJ Pacer Swan SOS Moderate July ETF | Trim | $71.3M | $75.2M | -4% |
| PSMR Pacer Swan SOS Moderate April ETF | Trim | $69.1M | $70.7M | -4% |
| WSM Williams-Sonoma, Inc. Common Stock (DE) | Add | $67.4M | $64.7M | +2% |
| ZBH Zimmer Biomet Holdings, Inc. | Add | $67.1M | $62.7M | +6% |
| 007144569 Enel SpA | Add | $64.9M | $61.0M | +9% |
| 007123870 HubSpot Inc | Trim | $60.7M | $62.0M | -33% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.