SCHEDULE: Truist Financial Discloses 31.9% Stake in Pacer Funds Trust

Truist Financial Corporation, through its subsidiary, reported a 31.9% beneficial ownership in Pacer Funds Trust's Exchange Traded Fund as of December 31, 2025.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc., has filed an Amendment No. 2 to Schedule 13G.
• The filing reports beneficial ownership of 215,048 shares in Pacer Funds Trust's Exchange Traded Fund (CUSIP: 69374H238).
• This represents 31.9% of the class of securities.
• Truist Financial Corporation holds sole dispositive power over all 215,048 shares, with no sole or shared voting power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure, indicating a significant but passive institutional holding. It contains no information that would inherently suggest a positive or negative shift in the company's prospects, thus a neutral sentiment score is appropriate.

Positives

• Truist Financial Corporation maintains a significant institutional investment in Pacer Funds Trust, indicating confidence in the underlying fund.
• The holding is stated to be in the ordinary course of business, suggesting a stable, long-term investment strategy rather than an activist position.

Negatives

• No specific negatives are identified in this routine beneficial ownership disclosure.

Risks

• No specific risks related to the issuer or the reporting person's investment strategy are detailed in this beneficial ownership filing.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding future performance or strategic plans.

Industry Context

This filing is a routine disclosure by a large financial institution, Truist Financial Corporation, reporting its significant passive investment in an Exchange Traded Fund managed by Pacer Funds Trust. Such disclosures are common for institutional investors holding more than 5% of a company's shares, providing transparency on major ownership stakes within the investment management industry.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, which is a common regulatory disclosure for institutional investors.
• The reported 31.9% stake is substantial for a single entity in an ETF, indicating a significant allocation by Truist Advisory Services, Inc. within its managed portfolios.
• While specific comparable companies or projects are not detailed in the filing, large institutional holdings in ETFs are a standard practice for diversified investment strategies, similar to holdings by firms like Vanguard, BlackRock, or State Street in various funds.

Stakeholder Impact

• Shareholders of Pacer Funds Trust: Provides transparency regarding a significant institutional holder, confirming a large, passive investment by Truist Financial Corporation.
• Truist Financial Corporation Shareholders: Confirms a substantial investment managed by its subsidiary, Truist Advisory Services, Inc., as part of its ordinary course of business.

Next Steps

• No specific future actions, events, or milestones are mentioned in this beneficial ownership filing.

Key Dates

Keywords

Truist Financial, Pacer Funds Trust, Schedule 13G, Beneficial Ownership, Exchange Traded Fund, ETF, Institutional Investment, Financial Services, Investment Advisor