SCHEDULE 13G/A: Pacer Funds and Affiliates Disclose 1.12% Beneficial Ownership in Vestis Corporation

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have filed an amended Schedule 13G, reporting a collective beneficial ownership of 1.12% in Vestis Corporation as of March 31, 2025.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF (collectively, the Funds), Pacer Advisors, Inc. (the Adviser), and Joe M. Thomson (collectively, the Reporting Persons) filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Vestis Corporation's common stock.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 1,479,518 shares of Vestis Corporation common stock.
• This aggregate ownership represents 1.12% of Vestis Corporation's outstanding common stock, based on 131,700,887 shares outstanding as of December 31, 2024.
• Pacer US Small Cap Cash Cows ETF holds 1,470,254 shares (1.12%), while Pacer US Cash Cows 100 ETF holds 0 shares (0%), and Pacer US Small Cap Cash Cows Growth Leaders ETF holds 9,264 shares (0.01%).
• Pacer Advisors, Inc. and Joe M. Thomson, as the investment adviser and its majority stockholder respectively, are deemed beneficial owners of the shares held by the Funds, also reporting 1.12% ownership.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Vestis Corporation.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Schedule 13G Amendment) disclosing beneficial ownership, which is factual and does not convey positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• NA This filing is a beneficial ownership disclosure and does not contain information typically categorized as positive financial or operational outcomes for the issuer.

Negatives

• NA This filing is a beneficial ownership disclosure and does not contain information typically categorized as negative financial or operational outcomes for the issuer.

Risks

• NA This filing is a beneficial ownership disclosure and does not detail risks related to the issuer's operations or financial health. The reporting persons certify that the shares were not acquired for the purpose of changing or influencing control of the issuer.

Future Outlook

NA This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• Joe M. Thomson, Chairman and President of Pacer Funds Trust and President of Pacer Advisors, Inc., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of Vestis Corporation.

Industry Context

NA This filing is a specific disclosure of beneficial ownership by certain investment entities in a single company and does not provide broader industry trend analysis or context.

Comparison to Industry Standards

• NA This filing is a beneficial ownership report and does not contain performance metrics or operational data that can be compared to industry standards or specific comparable companies/projects.

Management Changes

Corporate Governance

Legal Proceedings

• NA This filing pertains to beneficial ownership and does not disclose any litigation or regulatory matters concerning Vestis Corporation.

Related Party Transactions

• The Reporting Persons (Pacer US Small Cap Cash Cows ETF, Pacer US Cash Cows 100 ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson) have entered into a Joint Filing Agreement to file this Schedule 13G jointly, acknowledging their relationship as affiliated entities and individuals for reporting purposes.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership stake held by Pacer Funds and their affiliates, confirming that the shares are held for investment purposes in the ordinary course of business and not for control-influencing purposes.

Next Steps

• NA The document is a regulatory filing disclosing current ownership and does not outline future actions, events, or milestones for the issuer or the reporting persons beyond the ongoing holding of shares in the ordinary course of business.

Key Dates

Keywords

Vestis Corporation, Common Stock, Schedule 13G, Beneficial Ownership, Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., Joe M. Thomson, SEC Filing, Investment Fund, Equity Ownership