SCHEDULE 13G: Pacer Funds and Affiliates Disclose 5.97% Passive Stake in DNOW Inc.
Ownership Disclosure
Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly disclosed a passive beneficial ownership of 5.97% in DNOW 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.
- The Reporting Persons collectively beneficially own 6,307,678 shares of DNOW Inc. Common Stock.
- This ownership represents 5.97% of DNOW Inc.'s outstanding common stock, calculated based on 105,652,963 shares outstanding as of December 31, 2024.
- The shares are held with shared voting power and shared dispositive power by the Reporting Persons.
- The acquisition and holding of these securities are stated to be in the ordinary course of business and not for the purpose of changing or influencing control of DNOW Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of ownership, carrying a neutral sentiment as it does not contain performance data, forward-looking statements, or strategic changes for the issuer.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by investment funds and their advisors. It does not provide insights into DNOW Inc.'s operational performance or strategic direction, nor does it reflect broader industry trends beyond the investment community's interest in DNOW Inc. as a small-cap company.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by institutional investors like Pacer Funds can be viewed as a vote of confidence in DNOW Inc., potentially increasing liquidity and stability for the stock.
- Management: The filing indicates that the ownership is passive and not intended to influence control, suggesting no immediate pressure on DNOW Inc.'s current management or strategic direction from these specific investors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement, indicating the beneficial ownership percentage. |
| 05/02/2025 | Date the Schedule 13G filing was signed and submitted to the SEC. |
Keywords
DNOW Inc., Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Fund, Passive Investment
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