PA
Pacer Advisors, Inc. 13F Holdings Breakdown
Pacer Advisors, Inc.Diversified strategyMomentum follower
Total reported value
$35.6B
Reporting period: 2026-03-31 · Number of holdings: 2354
Pacer Advisors, Inc. disclosed 2354 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $35.6B and a quarterly turnover rate of 44.3%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "P"
Personality snowflake
- Concentration
- 2.07
- Portfolio Stability
- 44.35
- Momentum/Contrarian
- 66.55
- Sector conviction
- 45.85
- Diversification
- 100
- Sizing Uniformity
- 66.54
Recent moves
Trim DIS
-97.5% -$395.0M
Trim AMGN
-96.3% -$395.2M
Add TMUS
+1375.9% $344.5M
Add CVS
+3561.2% $337.5M
Trim MRK
-83.2% -$369.9M
Add INTU
+1230.8% $317.5M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Pacer executes a high-velocity capital rotation across mega-caps, surgically trimming bloated healthcare and energy positions while doubling down on CVS and T-Mobile to capture mid-cycle liquidity shifts. With a 44% turnover rate and a stock universe of over 2,300 names, the fund hunts alpha through positioning adjustments rather than directional conviction.
Macro & Fundamentals
The flow embeds a bet on easing interest rate sensitivity shifting capital out of defensive mega-caps into yield-driven telecom and value-oriented pharmacy networks. The opposing thesis holds that mega-cap stagnation warrants longer holding periods, meaning this rapid churn risks selling winners too early and buying into crowded cyclical trades.
Blind Spots / Risks
Extreme portfolio breadth dilutes idiosyncratic alpha; with over 2,300 names where the majority remain price-driven weight drift without active rebalancing, management’s concentrated trimming of mega-caps merely rotates beta across a shallow edge, turning frequent trading signals into mechanical valuation normalization.
AI-assisted summary drawn from public regulatory disclosures, covering historical data only. Not a substitute for professional investment advice.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | COP | Conocophillips | Stock-Energy | 1.41% | +0.34% | -14.46% | |
| 2 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.35% | — | -5.38% | |
| 3 | MO | Altria Group INC | Stock-Consumer Staples | 1.30% | — | -6.90% | |
| 4 | PFE | Pfizer INC | Stock-Healthcare | 1.28% | — | +0.39% | |
| 5 | T | At&t INC | Stock-Comm Services | 1.28% | — | -7.87% | |
| 6 | VZ | Verizon Communications INC | Stock-Comm Services | 1.25% | — | -13.82% | |
| 7 | GILD | Gilead Sciences INC | Stock-Healthcare | 1.15% | — | -12.91% | |
| 8 | NEM | Newmont CORP | Stock-Materials | 1.15% | — | -20.13% | |
| 9 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.13% | — | -10.25% | |
| 10 | FANG | Diamondback Energy INC | Stock-Energy | 1.08% | +0.28% | -6.26% | |
| 11 | QCOM | Qualcomm INC | Stock-Tech | 1.08% | — | +24.72% | |
| 12 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.06% | — | +14.41% | |
| 13 | CRM | Salesforce INC | Stock-Tech | 1.04% | — | +32.31% | |
| 14 | UBER | Uber Technologies INC | Stock-Industrials | 1.04% | — | +23.66% | |
| 15 | TMUS | T-mobile US INC | Stock-Comm Services | 1.04% | +0.98% | +1375.94% | |
| 16 | INTU | Intuit INC | Stock-Tech | 1.01% | +0.90% | +1230.82% | |
| 17 | MCK | Mckesson CORP | Stock-Healthcare | 1.00% | — | -5.18% | |
| 18 | F | Ford Motor Co | Stock-Consumer Disc | 1.00% | — | +10.25% | |
| 19 | ACN | Accenture plc | Stock-Tech | 1.00% | — | +27.72% | |
| 20 | CVS | Cvs Health CORP | Stock-Healthcare | 0.98% | +0.95% | +3561.22% | |
| 21 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.97% | — | +8.21% | |
| 22 | ADBE | Adobe INC | Stock-Tech | 0.97% | — | +23.99% | |
| 23 | HCA | Hca Healthcare INC | Stock-Healthcare | 0.95% | — | -5.67% | |
| 24 | CAH | Cardinal Health INC | Stock-Healthcare | 0.93% | — | +20.66% | |
| 25 | NVDA | Nvidia CORP | Stock-Tech | 0.92% | -0.50% | -36.61% | |
| 26 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.92% | +0.38% | +2.40% | |
| 27 | SLB | Slb LTD | Stock-Energy | 0.87% | +0.30% | +3.06% | |
| 28 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.86% | +0.32% | -8.91% | |
| 29 | ABNB | Airbnb Inc-class A | Stock-Consumer Disc | 0.82% | — | +2.48% | |
| 30 | ADM | Archer-daniels-midland Co | Stock-Consumer Staples | 0.79% | — | -15.97% | |
| 31 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.78% | — | -9.82% | |
| 32 | VLO | Valero Energy CORP | Stock-Energy | 0.76% | +0.36% | +14.99% | |
| 33 | DAL | Delta Air Lines INC | Stock-Industrials | 0.75% | +0.28% | +50.88% | |
| 34 | DVN | Devon Energy CORP | Stock-Energy | 0.75% | — | -16.64% | |
| 35 | AAPL | Apple INC | Stock-Tech | 0.74% | -0.36% | -33.95% | |
| 36 | EXPE | Expedia Group INC | Stock-Consumer Disc | 0.69% | — | +13.32% | |
| 37 | ADP | Automatic Data Processing | Stock-Tech | 0.68% | +0.64% | +1696.32% | |
| 38 | EOG | Eog Resources INC | Stock-Energy | 0.67% | — | -18.73% | |
| 39 | OMC | Omnicom Group | Stock-Comm Services | 0.60% | +0.33% | +116.24% | |
| 40 | EQT | Eqt CORP | Stock-Energy | 0.60% | — | +21.68% | |
| 41 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.59% | — | -5.72% | |
| 42 | ZM | Zoom Communications INC | Stock-Tech | 0.59% | — | +10.81% | |
| 43 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 0.59% | — | +7.34% | |
| 44 | DHI | Dr Horton INC | Stock-Consumer Disc | 0.56% | — | +21.56% | |
| 45 | COR | Cencora INC | Stock-Healthcare | 0.56% | — | +12.75% | |
| 46 | CTVA | Corteva INC | Stock-Materials | 0.54% | — | -2.74% | |
| 47 | TGT | Target CORP | Stock-Consumer Disc | 0.53% | — | -18.02% | |
| 48 | MSFT | Microsoft CORP | Stock-Tech | 0.52% | -0.50% | -39.09% | |
| 49 | NTAP | Netapp INC | Stock-Tech | 0.52% | — | +11.90% | |
| 50 | PCAR | Paccar INC | Stock-Industrials | 0.51% | — | -8.10% |
1–50 of 2,354
Portfolio Performance
Performance for Q3 2026
+3%
Performance Last 4 Quarters
+22.3%
Based on 67% of reported portfolio value with available pricing
- Stdev
- +13.3%
- Beta
- +0.76
- Alpha
- -1.2%
- Max Drawdown
- -13.2%
- Annualized Perf
- +12.8%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.71
- Stutzer
- +0.28
- Treynor
- +0.17
- Sterling
- +0.72
- Calmar
- +0.97
- Information Ratio
- -0.6
- Tracking Error
- +9.3%
- Stdev Down
- +7.6%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +31.5%
- Worst 12 Months
- -1.2%
- Efficiency Ratio
- +0.35
- Sharpe
- +0.97
- Stdev Sectors
- +7.5%
- Skewness
- -0.23
- Kurtosis
- -1.04
- Upside Potential
- +3.56
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2354 | $35.6B | 44 | |
| 2025-12-31 | 3830 | $39.1B | 37 | |
| 2025-09-30 | 3934 | $39.7B | 72 | |
| 2025-06-30 | 3427 | $40.2B | 0 | |
| 2025-03-31 | 3649 | $42.7B | 100 | |
| 2024-12-31 | 3709 | $46.4B | 0 | |
| 2024-09-30 | 2567 | $47.3B | 0 | |
| 2024-06-30 | 3767 | $44.1B | 0 | |
| 2024-03-31 | 3707 | $43.5B | 0 | |
| 2023-12-31 | 3549 | $35.3B | 0 | |
| 2023-09-30 | 2633 | $26.1B | 0 | |
| 2023-06-30 | 3551 | $24.8B | 0 | |
| 2023-03-31 | 2207 | $23.4B | 0 | |
| 2022-12-31 | 3343 | $19.5B | 0 | |
| 2022-09-30 | 2125 | $14.4B | 0 | |
| 2022-06-30 | 2392 | $13.5B | 0 | |
| 2022-03-31 | 2275 | $12.2B | 0 | |
| 2021-12-31 | 2183 | $9.7B | 0 | |
| 2021-09-30 | 1432 | $7.9B | 0 | |
| 2021-06-30 | 1396 | $7.0B | 100 | |
| 2021-03-31 | 1522 | $5.8B | 41 | |
| 2020-12-31 | 1503 | $5.3B | 44 | |
| 2020-09-30 | 1380 | $4.7B | 41 | |
| 2020-06-30 | 937 | $4.9B | 100 | |
| 2020-03-31 | 659 | $5.0B | 100 | |
| 2019-12-31 | 1251 | $2.2B | 84 | |
| 2019-09-30 | 1175 | $4.4B | 19 | |
| 2019-06-30 | 1157 | $4.1B | 55 | |
| 2019-03-31 | 1442 | $3.6B | 100 | |
| 2018-12-31 | 647 | $2.8B | 100 | |
| 2018-09-30 | 1194 | $2.7B | 36 | |
| 2018-06-30 | 1454 | $2.2B | 40 | |
| 2018-03-31 | 1037 | $1.8B | 32 | |
| 2017-12-31 | 1200 | $1.4B | 54 | |
| 2017-09-30 | 1245 | $1.1B | 28 | |
| 2017-06-30 | 1296 | $1.0B | 26 | |
| 2017-03-31 | 1104 | $815.6M | 24 | |
| 2016-12-31 | 1532 | $701.6M | 18 | |
| 2016-09-30 | 1071 | $657.9M | 21 | |
| 2016-06-30 | 1470 | $633.3M | 43 | |
| 2016-03-31 | 983 | $440.7M | 16 | |
| 2015-12-31 | 965 | $425.7M | 100 | |
| 2015-09-30 | 130 | $41.1M | 22 | |
| 2015-06-30 | 140 | $48.0M | 13 | |
| 2015-03-31 | 138 | $48.3M | 100 | |
| 2013-12-31 | 510 | $416.1M | — |
Holding changes this quarter
Pacer Advisors, Inc.'s most significant position changes for 2026-03-31: Sold out: U.S. Bank Money Market Deposit Account; New buy: Spy 12/31/2026 7.57 C; Sold out: ; Trim: Walt Disney Co/the (DIS) — shares -97.50%; Trim: Amgen INC (AMGN) — shares -96.31%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TMUS | T-mobile US INC | +1% | +1375.94% | Add |
| 2 | CVS | Cvs Health CORP | +1% | +3561.22% | Add |
| 3 | INTU | Intuit INC | +0.9% | +1230.82% | Add |
| 4 | ADP | Automatic Data Processing | +0.6% | +1696.32% | Add |
| 5 | ROP | Roper Technologies INC | +0.4% | +893.27% | Add |
| 6 | MPC | Marathon Petroleum CORP | +0.4% | +2.40% | Add |
| 7 | ADSK | Autodesk INC | +0.4% | +568.63% | Add |
| 8 | VLO | Valero Energy CORP | +0.4% | +14.99% | Add |
| 9 | IQV | Iqvia Holdings INC | +0.3% | +5108.57% | Add |
| 10 | COP | Conocophillips | +0.3% | -14.46% | Trim |
| 11 | OMC | Omnicom Group | +0.3% | +116.24% | Add |
| 12 | OXY | Occidental Petroleum CORP | +0.3% | -8.91% | Trim |
| 13 | VTRS | Viatris INC | +0.3% | +8694.22% | Add |
| 14 | PAYX | Paychex INC | +0.3% | +773.04% | Add |
| 15 | SLB | Slb LTD | +0.3% | +3.06% | Add |
| 16 | EXE | Expand Energy CORP | +0.3% | +5073.71% | Add |
| 17 | DAL | Delta Air Lines INC | +0.3% | +50.88% | Add |
| 18 | FANG | Diamondback Energy INC | +0.3% | -6.26% | Trim |
| 19 | TPR | Tapestry INC | +0.3% | +1475.15% | Add |
| 20 | ✓ | Equinor ASA | +0.2% | +10.05% | Add |
| 21 | CF | Cf Industries Holdings INC | +0.2% | +13.79% | Add |
| 22 | FSLR | First Solar INC | +0.2% | +4606.40% | Add |
| 23 | VEEV | Veeva Systems Inc-class A | +0.2% | +757.46% | Add |
| 24 | GOOG | Alphabet Inc-cl C | -0.2% | -40.33% | Trim |
| 25 | BIIB | Biogen INC | -0.2% | -42.37% | Trim |
| 26 | META | Meta Platforms Inc-class A | -0.2% | -40.33% | Trim |
| 27 | TSLA | Tesla INC | -0.2% | -40.04% | Trim |
| 28 | GOOGL | Alphabet Inc-cl A | -0.2% | -39.78% | Trim |
| 29 | GDDY | Godaddy INC - Class A | -0.2% | -28.56% | Trim |
| 30 | AVGO | Broadcom INC | -0.2% | -33.20% | Trim |
| 31 | LYV | Live Nation Entertainment In | -0.2% | -98.80% | Trim |
| 32 | AMZN | Amazon.com INC | -0.3% | -40.53% | Trim |
| 33 | EBAY | Ebay INC | -0.3% | -97.36% | Trim |
| 34 | HSY | Hershey Co/the | -0.3% | -98.73% | Trim |
| 35 | UAL | United Airlines Holdings INC | -0.3% | -37.04% | Trim |
| 36 | AAPL | Apple INC | -0.4% | -33.95% | Trim |
| 37 | APTV | Aptiv PLC | -0.4% | -99.48% | Trim |
| 38 | NVDA | Nvidia CORP | -0.5% | -36.61% | Trim |
| 39 | MSFT | Microsoft CORP | -0.5% | -39.09% | Trim |
| 40 | CCL1EUR | Carnival CORP LTD | -0.5% | -95.77% | Trim |
| 41 | WBD | Warner Bros Discovery INC | -0.7% | -97.79% | Trim |
| 42 | GD | General Dynamics CORP | -0.7% | -97.76% | Trim |
| 43 | CVX | Chevron CORP | -0.9% | -83.69% | Trim |
| 44 | XOM | Exxon Mobil CORP | -0.9% | -82.07% | Trim |
| 45 | MRK | Merck & Co. INC. | -0.9% | -83.16% | Trim |
| 46 | AMGN | Amgen INC | -1% | -96.31% | Trim |
| 47 | DIS | Walt Disney Co/the | -1% | -97.50% | Trim |
| 48 | ✓ | U.S. Bank Money Market Deposit Account | — | EXIT | Sold out |
| 49 | ✓ | Spy 12/31/2026 7.57 C | — | NEW | New buy |
| 50 | ✓ | — | EXIT | Sold out |
FAQ
What is Pacer Advisors, Inc. and what type of investor is it?
Pacer Advisors, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $35.6B, spread across 2354 disclosed positions.
What are Pacer Advisors, Inc.'s largest equity positions?
Based on the latest 13F filing, Pacer Advisors, Inc.'s top holdings by market value are:
1. Conocophillips (COP) — $503.3M (1.4%)
2. Bristol-myers Squibb Co (BMY) — $480.8M (1.4%)
3. Altria Group INC (MO) — $461.5M (1.3%)
4. Pfizer INC (PFE) — $456.5M (1.3%)
5. At&t INC (T) — $453.9M (1.3%)
What changes did Pacer Advisors, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Pacer Advisors, Inc. made 50 notable position adjustments: 1 new positions were initiated, 20 existing holdings were added to, 27 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: U.S. Bank Money Market Deposit Account; New buy: Spy 12/31/2026 7.57 C; Sold out: ; Trim: Walt Disney Co/the (DIS) — shares -97.50%; Trim: Amgen INC (AMGN) — shares -96.31%
What sectors does Pacer Advisors, Inc. focus on?
Pacer Advisors, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 25.9%
• Health Care: 18.3%
• Energy: 13.7%
• Consumer Discretionary: 11.3%
• Communication Services: 8.7%
• Industrials: 8.0%
Peer Institutions
Institutions with a similar AUM
Viking Global Investors LP
CIK 0001103804
Total reported value
$35.7B
77 stks
2026-03-31
Concentration9.1
Portfolio Stability52.8
Sector conviction45.1
AUM within 0.4% of this institution
View detail
AI
Alyeska Investment Group, L.P.
CIK 0001453072
Total reported value
$35.4B
605 stks
2026-03-31
Concentration4.6
Portfolio Stability88.5
Sector conviction44.7
AUM within 0.6% of this institution
View detail
MI
Mml Investors Services, LLC
CIK 0000701059
Total reported value
$36.1B
2,995 stks
2026-03-31
Concentration2.1
Portfolio Stability22.1
Sector conviction46.9
AUM within 1.3% of this institution
View detail
Similar Holdings Style
Institutions with overlapping top holdings
WP
Wright Private Asset Management
CIK 0001378434
Total reported value
$10.9M
34 stks
2013-06-30
Stale — no recent filing
Concentration13.7
Portfolio Stability0.0
Sector conviction44.7
2 of the top 5 holdings overlap, including Pfizer INC
View detail
SG
Sector Gamma As
CIK 0001475373
Total reported value
$423.5M
42 stks
2026-03-31
Concentration17.8
Portfolio Stability42.2
Sector conviction100.0
2 of the top 5 holdings overlap, including Bristol-myers Squibb Co
View detail
R&
Rothschild & Co Asset Management US INC.
CIK 0000071259
Total reported value
$6.6B
255 stks
2022-12-31
Stale — no recent filing
Concentration4.8
Portfolio Stability0.0
Sector conviction48.0
1 of the top 5 holdings overlap, including Conocophillips
View detail