Core Viewpoint - CMC Financial Group has sold over $6 million in shares of the Pacer U.S. Large Cap Cash Cows Growth Leaders ETF, raising questions about its commitment to large-cap investments [1]. Group 1: Transaction Details - CMC Financial Group sold 177,214 shares of the Pacer U.S. Large Cap Cash Cows Growth Leaders ETF, valued at approximately $6.30 million based on average closing prices during the quarter [1]. - The sale indicates a potential slowdown in CMC's large-cap investment strategy, as COWG has fallen out of its top 10 holdings [5]. Group 2: ETF Overview - The Pacer U.S. Large Cap Cash Cows Growth Leaders ETF (COWG) tracks at least 100 large-cap U.S. companies exhibiting high growth traits [4]. - As of January 31, 2026, COWG had a price of $35.32, a dividend yield of 0.32%, and a 1-year total return of 5.12% [3]. Group 3: Holdings and Sector Allocation - CMC still holds two large-cap ETFs in its top five holdings, including COWZ, which focuses on healthcare and energy sectors, contrasting with COWG's technology focus [5]. - CMC's holding in COWG now represents 1.22% of its 13F reportable assets, with top holdings including TCAL at $8.86 million (15.8% of AUM), SILJ at $5.11 million (9.1% of AUM), COWZ at $5.02 million (9.0% of AUM), and GRNY at $4.50 million (8.0% of AUM) [8].

Group 1 - The current market environment is characterized by tech stocks reaching new all-time highs, leading to increased investor optimism and extrapolation of past performance into future expectations [1] Group 2 - Philipp, a value investor with nearly 20 years of experience, adopts a global investment strategy focusing on undervalued companies that provide a significant margin of safety, attractive dividend yields, and returns [2] - The investment philosophy emphasizes understanding the companies thoroughly and assessing their future growth potential, particularly favoring those with a solid earnings track record trading at less than 8 times free cash flow [2]