PA
Pacer Advisors, Inc. 13F Holdings Breakdown
Pacer Advisors, Inc.CIK: 0001616667
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%.
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Personality snowflake
- Concentration
- 2.07
- Portfolio Stability
- 44.35
- Momentum/Contrarian
- 66.55
- Sector conviction
- 45.85
- Diversification
- 100
- Sizing Uniformity
- 66.54
Pacer Advisors, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.005 — mathematically equivalent to about 193 equally-sized positions, well below its 2354 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.35), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
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
Showing top 200 holdings (of 2354 total)
| # | 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 200
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 |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-06-18 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-05-06 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-24 | Amendment | View on EDGAR |
| 2025-12-31 | 2026-02-04 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-06 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-22 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-16 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-12 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-02 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-06 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-18 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-05 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-03 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-21 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-05 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-20 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-19 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-29 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-23 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-10 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-10 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-10 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-08 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-08 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-09 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-08 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-17 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-10 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-09-23 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-29 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2015-02-18 | 13F-HR | View on EDGAR |
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%
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