SCHEDULE 13G: Pacer Funds and Affiliates Disclose 5.73% Passive Stake in Alpha Metallurgical Resources

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed a Schedule 13G, reporting a combined beneficial ownership of 5.73% of Alpha Metallurgical Resources, Inc.'s common stock as of December 31, 2024.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed a Schedule 13G regarding their beneficial ownership in Alpha Metallurgical Resources, Inc.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 746,223 shares of Alpha Metallurgical Resources, Inc. common stock.
• This represents 5.73% of the issuer's outstanding common stock, based on 13,016,390 shares outstanding as of December 31, 2024.
• The ownership is primarily held by Pacer US Small Cap Cash Cows ETF (745,835 shares, 5.73%) and a smaller amount by Pacer US Small Cap Cash Cows Growth Leaders ETF (388 shares, 0%).
• Pacer Advisors, Inc. serves as the investment adviser to the Funds and maintains discretionary investment and voting authority over these shares.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc., is deemed a beneficial owner.
• The filing indicates a passive investment intent, stating the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a neutral, factual disclosure of beneficial ownership. It indicates institutional interest but does not inherently convey positive or negative sentiment about the company's performance or prospects.

Positives

• The filing indicates a significant passive investment by institutional funds, potentially signaling confidence in Alpha Metallurgical Resources' long-term value.
• The investment is stated to be in the ordinary course of business, suggesting a standard portfolio allocation rather than an activist stance.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or operations, as it is solely a disclosure of beneficial ownership.

Management Comments

• The filing includes a certification by Joe M. Thomson, Chairman and President of Pacer Funds Trust and President of Pacer Advisors, Inc., stating 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 the issuer.

Industry Context

This filing reflects a passive investment by a small-cap focused ETF in a company operating in the metallurgical coal sector. Such investments are common for ETFs seeking exposure to specific market segments and companies meeting their investment criteria, such as 'cash cows' or 'growth leaders' in the small-cap space. It does not provide specific insights into broader industry trends beyond indicating continued institutional interest in companies like Alpha Metallurgical Resources.

Comparison to Industry Standards

• This document is a standard regulatory filing (Schedule 13G) for disclosing beneficial ownership exceeding 5%. It does not contain financial performance data or operational metrics that would allow for a comparison to industry standards or specific comparable companies/projects. The filing's content is limited to ownership details and the passive nature of the investment.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially increasing liquidity or stability, but the passive nature means no immediate impact on corporate strategy.
• Management: Awareness of a significant passive institutional holder, but no direct impact on operations or control.

Key Dates

Keywords

Alpha Metallurgical Resources, Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Passive Investment, SEC Filing, Coal Mining, Metallurgical Coal