SCHEDULE 13G/A: Pacer Entities Disclose 1.13% Passive Stake in G-III Apparel Group
Beneficial Ownership Report
Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed an amended Schedule 13G, reporting a collective beneficial ownership of 1.13% in G-III Apparel Group, Ltd. as of March 31, 2025.
Summary
- Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in G-III Apparel Group, Ltd.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 496,336 shares of G-III Apparel Group, Ltd. Common Stock.
- This ownership represents 1.13% of the Issuer's outstanding common stock, based on 43,886,707 shares outstanding as of December 31, 2024, as provided by the Issuer.
- The shares are held with shared voting and shared dispositive power among the Reporting Persons.
- The filing indicates 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.
- Pacer US Small Cap Cash Cows ETF is a Delaware statutory trust, Pacer Advisors, Inc. is a Pennsylvania corporation and investment adviser to the Fund, and Joe M. Thomson is a U.S. citizen and majority stockholder of Pacer Advisors, Inc.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine disclosure of passive beneficial ownership and does not contain performance or strategic updates.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Joint Filing Agreement | The Reporting Persons (Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson) have entered into a Joint Filing Agreement to file this Schedule 13G jointly in accordance with Rule 13d-1(k) of the Act. | May 2, 2025 | Streamlines reporting requirements for a group acting in concert regarding beneficial ownership. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional and individual ownership stake, confirming it is passive and not intended to influence control.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date as of which the number of outstanding shares (43,886,707) was provided by the Issuer. |
| 03/31/2025 | Date of event which requires filing of this statement. |
| 05/02/2025 | Date of signing the Schedule 13G Amendment and the Joint Filing Agreement. |
Keywords
G-III Apparel Group, Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Joe M. Thomson, Schedule 13G, beneficial ownership, common stock, investment fund, apparel industry, SEC filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.