SCHEDULE 13G: Pacer Funds Disclose 6.4% Stake in G-III Apparel Group

Pacer US Small Cap Cash Cows ETF, along with its advisor Pacer Advisors, Inc. and Joe M. Thomson, has disclosed a 6.4% beneficial ownership stake in G-III Apparel Group, Ltd. as of December 31, 2024.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed a Schedule 13G disclosing their beneficial ownership in G-III Apparel Group, Ltd.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 2,808,702 shares of G-III Apparel Group's Common Stock.
• This ownership represents 6.4% of the total 43,886,707 shares of common stock issued and outstanding for G-III Apparel Group, Ltd. as of December 31, 2024.
• The shares are held with shared voting power and shared dispositive power among the Reporting Persons.
• The filing certifies 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.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in tone. The acquisition of a significant stake by an institutional investor can be seen as a positive signal, but the filing itself does not contain performance-related information.

Positives

• The disclosure of a significant 6.4% stake by an institutional investor like Pacer US Small Cap Cash Cows ETF can be interpreted as a vote of confidence in G-III Apparel Group's current valuation or future prospects.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control, suggesting a passive investment intent.

Future Outlook

The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding G-III Apparel Group's future performance or outlook.

Industry Context

This filing indicates an institutional investor's passive stake in an apparel company. Such investments are common in the industry, reflecting portfolio diversification or confidence in specific companies within the sector.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional holder may be viewed positively, potentially signaling increased institutional confidence and liquidity in the stock.

Key Dates

Keywords

G-III Apparel Group, Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Joe M. Thomson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Apparel Industry