Global X US Infrastructure Development ETF
PAVE
522 hedge funds and large institutions have $4.61B invested in Global X US Infrastructure Development ETF in 2024 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 215 increasing their positions, 153 reducing their positions, and 35 closing their positions.
126% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 35
57% more funds holding in top 10
Funds holding in top 10: 14 → 22 (+8)
52% more call options, than puts
Call options by funds: $2.91M | Put options by funds: $1.91M
41% more repeat investments, than reductions
Existing positions increased: 215 | Existing positions reduced: 153
30% more capital invested
Capital invested by funds: $3.56B → $4.61B (+$1.05B)
8% more funds holding
Funds holding: 485 → 522 (+37)
1.07% more ownership
Funds ownership: 62.39% → 63.46% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$93.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$68.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$43.4M |
| 4 |
MAWA
Moss Adams Wealth Advisors
Seattle,
Washington
|
+$30.9M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$25.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
-$19.8M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$12.2M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$6.8M |
| 4 |
OFW
Omnia Family Wealth
Aventura,
Florida
|
-$5.76M |
| 5 |
FFG
Frisch Financial Group
Melville,
New York
|
-$5.3M |
PAVE Hedge Fund Activity: Q1 2024 in Review
522 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Global X US Infrastructure Development ETF (PAVE) for Q1 2024, worth a combined $4.61B — up 30% from $3.56B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new PAVE positions and 35 closed out — a net gain of 44 holders — while 215 added to existing stakes and 153 trimmed.
The largest buyer was Principal Financial Group, opening a new position worth an estimated $93.8M. The largest seller was Congress Wealth Management, cutting an estimated $19.8M.
- 522 institutional investors held Global X US Infrastructure Development ETF (PAVE) as of Q1 2024, up from 485 in Q4 2023.
- Funds reported $4.61B of Global X US Infrastructure Development ETF stock for Q1 2024, up 30% quarter-over-quarter.
- 79 funds opened new Global X US Infrastructure Development ETF positions in Q1 2024 and 35 closed out, a net change of +44 holders.
- The largest Global X US Infrastructure Development ETF buyer in Q1 2024 was Principal Financial Group, an estimated $93.8M added.
- The largest Global X US Infrastructure Development ETF seller in Q1 2024 was Congress Wealth Management, an estimated $19.8M sold.
Based on aggregated 13F filings for Q1 2024.