Global X US Infrastructure Development ETF
PAVE
605 hedge funds and large institutions have $5.85B invested in Global X US Infrastructure Development ETF in 2025 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 180 increasing their positions, 217 reducing their positions, and 55 closing their positions.
55% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 55
11% more capital invested
Capital invested by funds: $5.26B → $5.85B (+$596M)
4% more funds holding
Funds holding: 582 → 605 (+23)
0.55% less ownership
Funds ownership: 68.58% → 68.03% (-0.55%)
13% less funds holding in top 10
Funds holding in top 10: 23 → 20 (-3)
17% less repeat investments, than reductions
Existing positions increased: 180 | Existing positions reduced: 217
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$103M |
| 2 |
WA
Waddell & Associates
Memphis,
Tennessee
|
+$73.1M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$22.2M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$17.2M |
| 5 |
LJAC
L.J. Altfest & Co
New York
|
+$9.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$107M |
| 2 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$91.6M |
| 3 |
Citigroup
New York
|
-$49.8M |
| 4 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$32M |
| 5 |
MTWSIF
Mivtachim The Workers Social Insurance Fund
Tel Aviv,
Israel
|
-$27.6M |
PAVE Hedge Fund Activity: Q2 2025 in Review
605 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Global X US Infrastructure Development ETF (PAVE) for Q2 2025, worth a combined $5.85B — up 11% from $5.26B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new PAVE positions and 55 closed out — a net gain of 30 holders — while 180 added to existing stakes and 217 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $103M. The largest seller was Principal Financial Group, cutting an estimated $107M.
- 605 institutional investors held Global X US Infrastructure Development ETF (PAVE) as of Q2 2025, up from 582 in Q1 2025.
- Funds reported $5.85B of Global X US Infrastructure Development ETF stock for Q2 2025, up 11% quarter-over-quarter.
- 85 funds opened new Global X US Infrastructure Development ETF positions in Q2 2025 and 55 closed out, a net change of +30 holders.
- The largest Global X US Infrastructure Development ETF buyer in Q2 2025 was JP Morgan Chase, an estimated $103M added.
- The largest Global X US Infrastructure Development ETF seller in Q2 2025 was Principal Financial Group, an estimated $107M sold.
Based on aggregated 13F filings for Q2 2025.