Pacer Trendpilot US Large CaPTLCETF
13F holders, Q2 2026 (June 30)247holders −1
23new positions
23sold out
$58.24avg. 13F price*
At the end of Q2 2026, 247 institutions reported holding Pacer Trendpilot US Large Ca (PTLC) in their 13F filings, down 1 from Q1 2026. 23 opened new positions and 23 sold out. The largest holders were LPL Financial LLC ($337.6M), Bank of America Corp. ($306.8M) and Morgan Stanley ($212.6M).
- Company
- Pacer Trendpilot US Large Ca
- Filed as
- PACER FDS TR (Q2 2026)
- CUSIP
- 69374H105
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2026 → Q2 2026
| Institutions | Total Value | |
|---|---|---|
| New Positions | 23 | $10.7M |
| Exits | 23 | $23.6M |
All 13F filers, Q1 2026 → Q2 2026: 984,943 shares bought and 2,153,044 shares sold, net −1,168,101 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 247 holders
| LPL Financial LLC | 0.08% | Add +0.6% | 5,795,400 | $337.6M |
| Bank of America Corp. | 0.02% | Reduce -5.9% | 5,265,426 | $306.8M |
| Morgan Stanley | 0.01% | Reduce -1.5% | 3,648,977 | $212.6M |
| Sfmg, LLC | 9.40% | Add +5.6% | 2,648,509 | $154.3M |
| Raymond James Financial Inc. | 0.04% | Add +7.0% | 2,327,966 | $135.6M |
| Wells Fargo & Company | 0.02% | Reduce -5.0% | 2,193,480 | $127.8M |
| CFS Investment Advisory Services, LLC | 7.88% | Reduce -0.2% | 2,031,377 | $118.1M |
| Cetera Investment Advisers | 0.06% | Reduce -22.5% | 1,125,510 | $65.6M |
| UBS Group AG | 0.01% | Reduce -6.0% | 936,120 | $54.5M |
| Osaic Holdings, Inc. | 0.05% | Reduce -6.6% | 749,890 | $43.7M |
| Cambridge Investment Research Advisors, Inc. | 0.10% | Reduce -2.6% | 739,459 | $43.1M |
| Envestnet Asset Management Inc. | 0.01% | Add +1.5% | 661,431 | $38.5M |
| Royal Bank of Canada | 0.01% | Add +1.5% | 615,809 | $35.9M |
| Commonwealth Equity Services, LLC | 0.04% | Reduce -10.3% | 590,351 | $34.4M |
| Bullock Wealth Management Group | 13.01% | Add +3.4% | 515,072 | $30.0M |
| Stifel Financial Corp. | 0.02% | Reduce -11.2% | 426,195 | $24.8M |
| Level Four Advisory Services, LLC | 0.62% | Add +2.4% | 375,782 | $21.9M |
| MML Investors Services, LLC | 0.04% | Add +17.2% | 350,648 | $20.4M |
| NewEdge Advisors, LLC | 0.06% | Reduce -2.3% | 318,441 | $18.6M |
| Geneos Wealth Management Inc. | 0.37% | Add +34.4% | 310,265 | $18.1M |
| Kestra Advisory Services, LLC | 0.06% | Reduce -7.9% | 300,081 | $17.5M |
| MBL Wealth, LLC | 1.19% | Reduce -2.7% | 299,162 | $17.4M |
| Tyche Wealth Partners LLC | 2.39% | Add +3.0% | 292,286 | $17.0M |
| Merit Financial Group, LLC | 0.10% | Reduce -41.7% | 267,262 | $15.6M |
| Deane Retirement Strategies, Inc. | 5.39% | Reduce -1.6% | 218,676 | $12.7M |
| Pacer Advisors, Inc. | 0.03% | Add +12.1% | 217,407 | $12.7M |
| Meridian Wealth Advisors, LLC | 1.35% | No change | 203,946 | $11.9M |
| Northwestern Mutual Wealth Management Co. | 0.01% | Reduce -4.3% | 203,909 | $11.9M |
| Private Advisor Group, LLC | 0.05% | Add +6.5% | 200,426 | $11.7M |
| MY Wealth Management Inc. | 8.22% | Add +14.5% | 200,318 | $11.7M |
| Wealth Enhancement Advisory Services, LLC | 0.02% | Add +11.8% | 185,922 | $10.9M |
| J.W. Cole Advisors, Inc. | 0.18% | Reduce -6.0% | 176,784 | $10.3M |
| AlphaCore Capital LLC | 0.18% | Add +8.3% | 172,105 | $10.0M |
| Steward Partners Investment Advisory, LLC | 0.05% | Add +0.4% | 163,085 | $9.5M |
| Rockefeller Capital Management L.P. | 0.01% | Reduce -6.8% | 162,231 | $9.5M |
| Fourpath Capital Management, LLC | 1.19% | Add +1.7% | 155,034 | $9.0M |
| Financial Enhancement Group LLC | 1.03% | Reduce -1.6% | 148,672 | $8.7M |
| PFG Advisors | 0.42% | Add +8.2% | 142,257 | $8.3M |
| Creative Planning | 0.00% | Reduce -23.4% | 124,584 | $7.3M |
| Moneco Advisors, LLC | 0.42% | Reduce -1.5% | 117,529 | $6.8M |
| Retirement Planning Group, LLC | 0.16% | Reduce -5.2% | 109,708 | $6.4M |
| Gaddis Premier Wealth Advisors LLC | 3.87% | Add +3.3% | 109,094 | $6.4M |
| HighTower Advisors, LLC | 0.01% | Reduce -8.7% | 101,551 | $5.9M |
| GLR Partners, LLC | 2.58% | Add +1.9% | 95,119 | $5.5M |
| Bryn Mawr Trust Advisors, LLC | 0.23% | Reduce -2.6% | 91,034 | $5.3M |
| Concurrent Investment Advisors, LLC | 0.04% | Reduce -23.7% | 89,661 | $5.2M |
| Sanctuary Advisors, LLC | 0.02% | Add +0.4% | 88,752 | $5.2M |
| Pacific Park Financial, Inc. | 2.96% | Add +0.4% | 87,449 | $5.1M |
| Curtis Advisory Group, LLC | 0.93% | Add +1.6% | 82,068 | $4.8M |
| Forefront Wealth Partners, LLC | 1.43% | Add +86.8% | 79,039 | $4.6M |
| DAVENPORT & Co LLC | 0.02% | Reduce -13.7% | 76,668 | $4.5M |
| Ofc Financial Planning, LLC | 3.75% | Reduce -5.2% | 72,368 | $4.2M |
| Henderson Brothers Financial Partners, LLC | 1.97% | Reduce -46.9% | 71,352 | $4.2M |
| Ameriprise Financial Inc. | 0.00% | Reduce -16.1% | 70,725 | $4.1M |
| Magnolia Capital Advisors LLC | 0.69% | Reduce -0.3% | 68,647 | $4.0M |
| Vienna Asset Management LLC | 2.60% | Reduce -15.0% | 62,632 | $3.6M |
| Aft, Forsyth & Sober, LLC | 1.12% | No change | 68,550 | $3.6M |
| Prospera Financial Services Inc | 0.05% | Add +2.2% | 58,795 | $3.4M |
| Janney Montgomery Scott LLC | 0.01% | Add +0.4% | 57,251 | $3.3M |
| Global Retirement Partners, LLC | 0.05% | — | 56,632 | $3.3M |
| Citigroup Inc. | 0.00% | Reduce -29.1% | 50,974 | $3.0M |
| Whitaker-Myers Wealth Managers, LTD. | 0.47% | Add +0.9% | 48,722 | $2.8M |
| Soltis Investment Advisors LLC | 0.16% | Reduce -1.8% | 47,433 | $2.8M |
| Summit Financial, LLC | 0.03% | Add +161.8% | 47,246 | $2.8M |
| Capital Investment Advisory Services, LLC | 0.17% | Add +1.2% | 46,444 | $2.7M |
| One Degree Advisors Inc | 0.58% | Add +8.4% | 44,372 | $2.6M |
| Creative Financial Designs Inc. | 0.12% | Reduce -8.3% | 42,436 | $2.5M |
| Susquehanna International Group, LLP | 0.00% | Add +288.2% | 41,794 | $2.4M |
| Crux Wealth Advisors | 0.83% | Add +0.9% | 41,175 | $2.4M |
| CENTRAL TRUST Co | 0.04% | Reduce -3.1% | 40,965 | $2.4M |
| Regatta Research & Money Management | 2.25% | — | 40,906 | $2.4M |
| Oder Investment Management, LLC | 1.59% | No change | 40,620 | $2.4M |
| Stratos Wealth Partners, LTD. | 0.02% | Reduce -15.5% | 39,617 | $2.3M |
| Mather Group, Llc. | 0.02% | Reduce -10.3% | 39,461 | $2.3M |
| Goldman Sachs Group Inc. | 0.00% | New | 38,637 | $2.3M |
| Western Wealth Management, LLC | 0.07% | Reduce -5.5% | 36,357 | $2.1M |
| Integrated Wealth Concepts LLC | 0.01% | Add +1.9% | 35,845 | $2.1M |
| Kathmere Capital Management, LLC | 0.11% | Reduce -2.6% | 34,919 | $2.0M |
| Integrity Alliance, Llc. | 0.06% | Add +5.2% | 34,854 | $2.0M |
| Harbour Investments, Inc. | 0.03% | Reduce -3.0% | 32,188 | $1.9M |
| IFP Advisors, Inc | 0.03% | Add +5.2% | 31,336 | $1.8M |
| WealthShield Partners, LLC | 0.27% | No change | 30,757 | $1.8M |
| Private Trust Co. NA | 0.14% | Add +1.7% | 29,421 | $1.7M |
| Perennial Investment Advisors, LLC | 0.11% | Reduce -14.2% | 27,975 | $1.6M |
| Oppenheimer & Co. Inc. | 0.02% | Reduce -3.0% | 27,650 | $1.6M |
| Fifth Third Bancorp | 0.00% | Reduce -0.8% | 27,587 | $1.6M |
| Jones Financial Companies LLLP | 0.00% | New | 27,831 | $1.6M |
| Beam Wealth Advisors, Inc. | 0.35% | Add +0.5% | 27,206 | $1.6M |
| Wbi Investments, LLC | 0.39% | Reduce -1.4% | 26,702 | $1.6M |
| &partners | 0.01% | Add +0.9% | 26,609 | $1.6M |
| Ade, LLC | 0.64% | Reduce -7.1% | 26,121 | $1.5M |
| Camarda Financial Advisors, LLC | 0.44% | Add +6.1% | 24,961 | $1.5M |
| Tortuga Wealth Management, Inc | 1.10% | Add +19.2% | 24,788 | $1.4M |
| HRT Financial LP | 0.00% | Add +341.0% | 23,642 | $1.4M |
| TCFG Investment Advisors, LLC | 0.45% | Add +7.0% | 22,939 | $1.3M |
| Saxon Interests, Inc. | 0.35% | Reduce -3.2% | 21,903 | $1.3M |
| Strategic Financial Partners, Ltd. | 0.47% | Add +0.2% | 21,401 | $1.2M |
| Advisor Resource Council | 0.39% | Reduce -1.3% | 20,072 | $1.2M |
| Truist Financial Corp. | 0.00% | Reduce -1.8% | 20,072 | $1.2M |
| Sage Mountain Advisors LLC | 0.07% | New | 19,516 | $1.1M |
| PNC Financial Services Group, Inc. | 0.00% | No change | 19,058 | $1.1M |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +1.3% | 18,982 | $1.1M |
| Equitable Holdings, Inc. | 0.01% | Reduce -7.2% | 18,422 | $1.1M |
| D.A. Davidson & Co. | 0.01% | Reduce -13.0% | 18,252 | $1.1M |
| Advisory Services Network, LLC | 0.01% | Add +185.6% | 17,830 | $1.0M |
| Kestra Private Wealth Services, LLC | 0.01% | Reduce -23.6% | 17,677 | $1.0M |
| Ameritas Advisory Services, LLC | 0.02% | Add +13.8% | 17,313 | $1.0M |
| Sigma Planning Corp | 0.03% | Reduce -1.9% | 17,136 | $998K |
| Invenio Wealth Partners LLC | 0.34% | Reduce -0.1% | 16,509 | $962K |
| WCG Wealth Advisors LLC | 0.02% | Reduce -4.0% | 16,349 | $952K |
| Independent Financial Group, LLC | 0.02% | Reduce -19.8% | 15,659 | $912K |
| Schmidt P J Investment Management Inc. | 0.14% | Reduce -11.3% | 15,104 | $880K |
| International Assets Investment Management, LLC | 0.05% | Add +10.5% | 14,619 | $850K |
| Atria Investments, Inc | 0.01% | New | 14,420 | $840K |
| American Institute for Advanced Investment Management, LLP | 0.46% | Reduce -6.8% | 13,656 | $796K |
| Welch Group, LLC | 0.03% | No change | 13,613 | $793K |
| Arax Advisory Partners | 0.01% | Reduce -23.4% | 12,895 | $751K |
| Apollon Wealth Management, LLC | 0.01% | No change | 12,210 | $711K |
| FMR LLC | 0.00% | Add +24.8% | 12,059 | $703K |
| Money Concepts Capital Corp. | 0.03% | Reduce -73.5% | 11,885 | $692K |
| GeoWealth Management, LLC | 0.02% | Add +7.7% | 11,777 | $686K |
| Clark Asset Management, LLC | 0.05% | No change | 11,633 | $678K |
| XY Planning Network, Inc. | 0.08% | No change | 11,574 | $674K |
| Bank of Montreal | 0.00% | Add +72.8% | 11,564 | $674K |
| Flow Traders U.S. LLC | 0.03% | New | 11,469 | $668K |
| JBR Co Financial Management Inc | 0.24% | Reduce -4.3% | 11,381 | $663K |
| Kingswood Wealth Advisors, LLC | 0.03% | Reduce -12.9% | 11,360 | $662K |
| Gimbal Financial | 0.42% | — | 11,232 | $654K |
| Precision Wealth Strategies, LLC | 0.19% | New | 11,067 | $645K |
| Meridian Investment Counsel Inc. | 0.14% | Reduce -7.0% | 11,020 | $642K |
| Northern Trust Corp. | 0.00% | No change | 10,993 | $640K |
| Legacy Trust | 0.11% | No change | 10,903 | $635K |
| Insigneo Advisory Services, LLC | 0.02% | No change | 10,868 | $633K |
| Capital & Planning, LLC | 0.32% | Reduce -4.4% | 10,778 | $628K |
| Hyundai Investments Co., Ltd. | 0.68% | Add +4.6% | 10,806 | $624K |
| EverSource Wealth Advisors, LLC | 0.02% | No change | 10,486 | $611K |
| World Investment Advisors | 0.01% | Reduce -11.1% | 11,465 | $601K |
| Keating Financial Advisory Services, Inc. | 0.08% | No change | 10,242 | $597K |
| Patriot Financial Group Insurance Agency, LLC | 0.06% | Reduce -50.0% | 10,061 | $586K |
| Pinnacle Financial Partners, Inc. | 0.00% | Reduce -22.2% | 9,962 | $580K |
| Alchemi Wealth, LLC | 0.27% | No change | 9,718 | $566K |
| XML Financial, LLC | 0.04% | New | 9,648 | $562K |
| Silverlake Wealth Management LLC | 0.11% | Add +0.1% | 9,452 | $551K |
| Gladstone Institutional Advisory LLC | 0.02% | No change | 9,298 | $542K |
| LexAurum Advisors, LLC | 0.06% | Add +69.3% | 9,194 | $536K |
| Titleist Asset Management, LLC | 0.03% | New | 8,720 | $508K |
| Proactive Wealth Strategies LLC | 0.08% | No change | 8,664 | $505K |
| Baird Financial Group, Inc. | 0.00% | Add +8.8% | 8,595 | $501K |
| True North Advisors, LLC | 0.05% | Add +61.6% | 8,396 | $489K |
| Mayflower Financial Advisors, LLC | 0.04% | No change | 8,310 | $484K |
| Wedbush Securities Inc. | 0.01% | Add +35.5% | 8,225 | $479K |
| Optivise Advisory Services LLC | 0.24% | Reduce -30.1% | 8,013 | $467K |
| Assetmark, Inc. | 0.00% | Add +82.0% | 7,642 | $445K |
| Jane Street Group, LLC | 0.00% | Reduce -29.2% | 7,476 | $436K |
| Patten & Patten Inc. | 0.02% | No change | 7,295 | $425K |
| Fortem Financial Group, LLC | 0.09% | New | 7,260 | $423K |
| Thoroughbred Financial Services, LLC | 0.02% | Reduce -7.4% | 6,823 | $397K |
| Redhawk Wealth Advisors, Inc. | 0.04% | No change | 6,797 | $396K |
| Kiley Juergens Wealth Management, LLC | 0.06% | No change | 6,543 | $381K |
| Gambit Capital Management, LLC | 0.22% | No change | 6,359 | $370K |
| Belpointe Asset Management LLC | 0.01% | No change | 6,313 | $368K |
| Maridea Wealth Management LLC | 0.04% | Reduce -0.2% | 6,279 | $366K |
| Keybank National Association | 0.00% | No change | 6,223 | $363K |
| IHT Wealth Management, LLC | 0.01% | Reduce -26.7% | 6,222 | $363K |
| Sykon Capital LLC | 0.11% | New | 6,193 | $361K |
| HBW Advisory Services LLC | 0.03% | Reduce -4.2% | 6,170 | $359K |
| Ausdal Financial Partners, Inc. | 0.01% | Reduce -7.1% | 6,133 | $357K |
| StoneX Group Inc. | 0.01% | Reduce -69.9% | 5,987 | $345K |
| Carnegie Lake Advisors LLC | 0.13% | Reduce -25.0% | 5,903 | $344K |
| Post Resch Tallon Group Inc. | 0.23% | Add +5.5% | 5,750 | $335K |
| Spire Wealth Management | 0.01% | Reduce -0.5% | 5,601 | $326K |
| Sovereign Financial Group, Inc. | 0.05% | Reduce -0.7% | 5,536 | $323K |
| HMV Wealth Advisors, LLC | 0.12% | No change | 5,500 | $320K |
| Ameriflex Group, Inc. | 0.13% | Add +54.9% | 5,446 | $317K |
| Beacon Pointe Advisors, LLC | 0.00% | No change | 5,375 | $313K |
| Bank of New York Mellon Corp | 0.00% | Add +11.5% | 5,261 | $306K |
| WNY Asset Management, LLC | 0.03% | Reduce -22.1% | 5,224 | $304K |
| Kinloch Capital, LLC | 0.11% | Add +7.8% | 5,125 | $299K |
| SWS Partners | 0.06% | No change | 5,107 | $298K |
| Wealthspire Retirement, LLC | 0.02% | Add +0.8% | 5,053 | $294K |
| Element Pointe Advisors, LLC | 0.05% | No change | 5,027 | $293K |
| BlackRock, Inc. | 0.00% | Add +42.8% | 5,003 | $291K |
| Insight Advisors, LLC/ PA | 0.05% | No change | 5,001 | $291K |
| Mercer Global Advisors Inc. | 0.00% | No change | 4,843 | $282K |
| Allworth Financial LP | 0.00% | No change | 4,744 | $276K |
| Align Financial, LLC | 0.13% | No change | 4,616 | $269K |
| Ankerstar Wealth, LLC | 0.22% | Reduce -3.3% | 4,549 | $265K |
| CIBC Bancorp USA Inc. | 0.00% | No change | 4,543 | $265K |
| Quantum Financial Partners LLC | 0.13% | — | 4,485 | $261K |
| Mascagni Wealth Management, Inc. | 0.16% | No change | 4,461 | $260K |
| Heritage Wealth Management, Inc. | 0.06% | No change | 4,225 | $246K |
| BNB Wealth Management, LLC | 0.13% | Reduce -7.7% | 4,215 | $246K |
| Inspire Advisors, LLC | 0.02% | Reduce -3.0% | 4,181 | $244K |
| Laird Norton Wetherby Trust Company, LLC | 0.00% | No change | 4,168 | $243K |
| Ashton Thomas Private Wealth, LLC | 0.01% | New | 4,150 | $242K |
| Avion Wealth | 0.04% | No change | 4,111 | $239K |
| New England Private Wealth Advisors LLC | 0.02% | No change | 4,108 | $237K |
| Focus Partners Wealth | 0.00% | No change | 3,854 | $225K |
| Tempus Wealth Planning, LLC | 0.04% | New | 3,790 | $221K |
| Bryant Woods Investment Advisors, LLC | 0.06% | New | 3,757 | $219K |
| Castle Rock Wealth Management, LLC | 0.04% | New | 3,739 | $217K |
| BCS Wealth Management | 0.04% | New | 3,542 | $206K |
| Grandview Asset Management LLC | 0.05% | New | 3,500 | $204K |
| Resurgent Financial Advisors LLC | 0.06% | New | 3,491 | $203K |
| First Horizon Corp. | 0.01% | No change | 3,161 | $184K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -34.9% | 2,777 | $162K |
| Pursuit Wealth Strategies, LLC | 0.20% | Reduce -2.5% | 2,621 | $153K |
| JPMorgan Chase & Co. | 0.00% | Reduce -2.4% | 2,526 | $146K |
| Golden State Wealth Management, LLC | 0.01% | No change | 2,293 | $134K |
| 1 North Wealth Services LLC | 0.04% | No change | 2,205 | $128K |
| AE Wealth Management LLC | 0.00% | Add +88.0% | 2,136 | $124K |
| Westside Investment Management, Inc. | 0.02% | No change | 2,034 | $119K |
| Eastern Bank | 0.00% | No change | 1,500 | $87K |
| Twin Lakes Capital Management, LLC | 0.03% | No change | 1,291 | $75K |
| IFG Advisory, LLC | 0.00% | New | 1,208 | $70K |
| Operose Advisors LLC | 0.01% | No change | 1,207 | $70K |
| Lanark Financial, Inc. | 0.00% | Add +10.1% | 1,101 | $64K |
| Signature Equity Partners, LLC | 0.03% | Reduce -3.5% | 1,091 | $64K |
| Ancora Advisors LLC | 0.00% | No change | 1,048 | $61K |
| CoreCap Advisors, LLC | 0.00% | No change | 866 | $50K |
| Sankala Group LLC | 0.03% | No change | 826 | $49K |
| Colonial Trust Co / SC | 0.01% | Reduce -5.2% | 854 | $49K |
| Parallel Advisors, LLC | 0.00% | New | 821 | $48K |
| Burkett Financial Services, LLC | 0.01% | No change | 753 | $44K |
| Ascentis Wealth Management, LLC | 0.01% | No change | 639 | $37K |
| Larson Financial Group LLC | 0.00% | No change | 566 | $33K |
| Realta Investment Advisors | 0.01% | Reduce -66.8% | 508 | $30K |
| Aptus Capital Advisors, LLC | 0.00% | Reduce -15.8% | 489 | $28K |
| Caldwell Trust Co | 0.00% | No change | 420 | $24K |
| O'shaughnessy Asset Management, LLC | 0.00% | Reduce -88.5% | 417 | $24K |
| NFSG Corp | 0.00% | No change | 388 | $23K |
| Asset Dedication, LLC | 0.00% | No change | 337 | $20K |
| Wilkerson Advisory Group LLC | 0.01% | Reduce -0.6% | 326 | $19K |
| Providence Capital Advisors, LLC | 0.00% | New | 323 | $19K |
| Financial Consulate, Inc. | 0.00% | No change | 301 | $18K |
| LRI Investments, LLC | 0.00% | Reduce -13.0% | 300 | $17K |
| Dunhill Financial, LLC | 0.00% | New | 262 | $15K |
| Vanguard Advisers Inc. | 0.00% | Add +35.6% | 244 | $14K |
| Archer Investment Corp | 0.00% | New | 220 | $13K |
| Wolff Wiese Magana LLC | 0.01% | No change | 209 | $12K |
| Salomon & Ludwin, LLC | 0.00% | Reduce -2.5% | 191 | $11K |
| Financial Network Wealth Advisors LLC | 0.01% | No change | 160 | $9K |
| CVA Family Office, LLC | 0.00% | No change | 159 | $9K |
| Blair William & Co. | 0.00% | No change | 120 | $7K |
| Murphy & Mullick Capital Management Corp | 0.00% | No change | 75 | $4K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -77.9% | 25 | $1K |
| Buck Wealth Strategies, LLC | 0.00% | New | 8 | $484 |
"% of holder's portfolio" is PTLC's weight in each manager's 13F, not the share of Pacer Trendpilot US Large Ca the manager owns.