Truist (NYSE: TFC) discloses 31.9% holding in Pacer Funds ETF
Rhea-AI Filing Summary
Truist Financial Corporation, as parent of Truist Advisory Services, Inc., reports beneficial ownership of 215,048 shares of the Pacer Funds Trust exchange-traded fund with CUSIP 69374H238. This represents about 31.9% of the fund’s outstanding shares.
The filing shows Truist has no sole or shared voting power over these shares but holds sole dispositive power, meaning it can decide when to sell them. Truist certifies the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of the fund.
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FAQ
What stake does Truist Financial (TFC) report in Pacer Funds Trust?
Truist Financial Corporation reports beneficial ownership of 215,048 shares of the Pacer Funds Trust exchange-traded fund, representing about 31.9% of the outstanding class.
Why did Truist Financial (TFC) file this Schedule 13G/A?
The Schedule 13G/A was filed because Truist’s beneficial ownership in the Pacer Funds Trust ETF exceeded 5% of the class as of 12/31/2025, triggering a reporting requirement.
Is Truist Financial seeking to influence control of Pacer Funds Trust?
No. Truist certifies the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.
In what capacity is Truist Financial (TFC) reporting this Pacer ETF holding?
Truist reports as a parent holding company for Truist Advisory Services, Inc., an affiliated registered investment adviser that holds the Pacer ETF shares.