Mason & Associates Trims Pacer Cash Cows Growth ETF Position

Mason & Associates Inc. has scaled back its exposure to the Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), selling 161,704 shares during the first quarter of 2026. According to a recent SEC filing, the estimated value of the liquidated shares was approximately $5.67 million, based on quarterly average pricing. This reduction follows a period of aggressive buying in Q4 2025, when the firm added 104,308 shares to its portfolio. By the end of the first quarter of 2026, Mason held 88,667 shares of COWG, valued at $2.91 million. The total value of the position declined by $5.91 million over the period, reflecting both the active selling and market price fluctuations. The COWG ETF focuses on U.S. large-cap growth companies characterized by superior free cash flow margins. Following the sale, the fund's position in Mason's portfolio dropped from 17th to 36th place, now representing only 0.5% of its reportable assets under management (AUM). Analysts suggest the shift indicates a tactical reallocation rather than a fundamental rejection of the growth strategy. The firm may be moving toward individual stock selection or more specialized funds to avoid redundancy with other broad index holdings and individual large-cap equities already present in the portfolio.