SCHEDULE 13G: Pacer Funds and Affiliates Disclose 7.91% Passive Stake in Carter's Inc.

Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly reported a combined passive beneficial ownership of 7.91% in Carter's Inc. common stock as of December 31, 2024.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership of Carter's Inc. common stock.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 2,851,079 shares of Carter's Inc. common stock.
• This aggregate amount represents 7.91% of the 36,041,995 shares of common stock issued and outstanding as of December 31, 2024.
• Pacer US Small Cap Cash Cows ETF individually holds 1,667,039 shares, representing 4.63% of the class.
• Pacer US Cash Cows 100 ETF individually holds 1,184,040 shares, representing 3.29% of the class.
• Pacer Advisors, Inc. serves as the investment adviser to the Funds and maintains discretionary investment and voting authority over the 2,851,079 shares held by the Funds.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc., may be deemed a beneficial owner of the shares held by the Funds, though both the Adviser and Mr. Thomson disclaim beneficial ownership of these shares.
• 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 control of Carter's Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the company's performance or outlook. It represents a neutral, routine regulatory filing.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a routine disclosure by institutional investors, Pacer Funds and their adviser, indicating their passive ownership stake in Carter's Inc. It reflects a standard investment activity within the asset management industry, where funds acquire shares of publicly traded companies as part of their portfolio strategy, without seeking to influence management or control.

Stakeholder Impact

• The filing indicates that institutional investors, Pacer Funds, hold a significant passive stake in Carter's Inc., which could be viewed positively by other shareholders as it suggests institutional confidence in the company. However, as a passive investment, it does not imply any direct impact on company operations, employees, customers, or suppliers.

Key Dates

Keywords

Carter's Inc., CARTERS INC, Common Stock, Schedule 13G, Beneficial Ownership, Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer Advisors Inc., Joe M. Thomson, Investment Fund, SEC Filing, Passive Investment