SCHEDULE 13G: Pacer Entities Disclose 5.95% Passive Stake in AdaptHealth Corp.

Pacer US Small Cap Cash Cows ETF, along with its investment adviser Pacer Advisors, Inc., and Joe M. Thomson, have disclosed a passive beneficial ownership of 5.95% in AdaptHealth Corp.'s common stock.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership in AdaptHealth Corp.
• The Reporting Persons collectively beneficially own 8,011,702 shares of AdaptHealth Corp. common stock.
• This ownership represents 5.95% of AdaptHealth Corp.'s outstanding common stock, based on 134,602,317 shares issued and outstanding as of December 31, 2024.
• The shares are held with shared voting power and shared dispositive power among the Reporting Persons.
• Pacer US Small Cap Cash Cows ETF is a Delaware statutory trust, Pacer Advisors, Inc. is a Pennsylvania corporation serving as the investment adviser to the Fund, and Joe M. Thomson is a United States citizen and majority stockholder of Pacer Advisors, Inc.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of AdaptHealth Corp.

Sentiment

Score: 5

Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) indicating a passive investment. It does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a significant passive ownership stake by an institutional investor (ETF and its adviser) in a publicly traded company within the healthcare sector, specifically AdaptHealth Corp., which operates in the home medical equipment and supplies industry. Such disclosures are common for funds that track specific market segments, like small-cap companies, and indicate a fund's investment strategy rather than a direct strategic move related to the issuer's industry position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.

Key Dates

Keywords

AdaptHealth Corp., Pacer US Small Cap Cash Cows ETF, Pacer Advisors Inc., Joe M. Thomson, Beneficial Ownership, Schedule 13G, Common Stock, Investment Fund, Passive Investment, SEC Filing