Global X US Infrastructure Development ETF
PAVE
438 hedge funds and large institutions have $3.14B invested in Global X US Infrastructure Development ETF in 2023 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 184 increasing their positions, 131 reducing their positions, and 31 closing their positions.
138% more call options, than puts
Call options by funds: $4.04M | Put options by funds: $1.7M
74% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 31
40% more repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 131
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
10% more capital invested
Capital invested by funds: $2.86B → $3.14B (+$286M)
5% more funds holding
Funds holding: 418 → 438 (+20)
1.46% more ownership
Funds ownership: 60.53% → 62% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$75.7M |
| 2 |
Morgan Stanley
New York
|
+$45.9M |
| 3 |
LPL Financial
San Diego,
California
|
+$44.2M |
| 4 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
+$30.6M |
| 5 |
JP Morgan Chase
New York
|
+$29.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
Madrona Financial Services
Everett,
Washington
|
-$4.55M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$3.84M |
| 3 |
CWM
Centurion Wealth Management
Mclean,
Virginia
|
-$3.23M |
| 4 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$3.2M |
| 5 |
Jane Street
New York
|
-$2.53M |
PAVE Hedge Fund Activity: Q3 2023 in Review
438 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Global X US Infrastructure Development ETF (PAVE) for Q3 2023, worth a combined $3.14B — up 10% from $2.86B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new PAVE positions and 31 closed out — a net gain of 23 holders — while 184 added to existing stakes and 131 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $75.7M. The largest seller was Madrona Financial Services, cutting an estimated $4.55M.
- 438 institutional investors held Global X US Infrastructure Development ETF (PAVE) as of Q3 2023, up from 418 in Q2 2023.
- Funds reported $3.14B of Global X US Infrastructure Development ETF stock for Q3 2023, up 10% quarter-over-quarter.
- 54 funds opened new Global X US Infrastructure Development ETF positions in Q3 2023 and 31 closed out, a net change of +23 holders.
- The largest Global X US Infrastructure Development ETF buyer in Q3 2023 was Bank of Montreal, an estimated $75.7M added.
- The largest Global X US Infrastructure Development ETF seller in Q3 2023 was Madrona Financial Services, an estimated $4.55M sold.
Based on aggregated 13F filings for Q3 2023.