Global X US Infrastructure Development ETF
PAVE
610 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 84 funds opening new positions, 182 increasing their positions, 219 reducing their positions, and 55 closing their positions.
53% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 55
4% more funds holding
Funds holding: 588 → 610 (+22)
0.65% less ownership
Funds ownership: 68.62% → 67.97% (-0.65%)
13% less funds holding in top 10
Funds holding in top 10: 23 → 20 (-3)
17% less repeat investments, than reductions
Existing positions increased: 182 | Existing positions reduced: 219
36% less capital inflows, than outflows
Capital inflows: $353M | Capital outflows: $554M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$103M |
| 2 |
Waddell & Associates
Memphis,
Tennessee
|
+$73.1M |
| 3 |
RiverFront Investment Group
Richmond,
Virginia
|
+$22.2M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$17.2M |
| 5 |
L.J. Altfest & Co
New York
|
+$9.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$107M |
| 2 |
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
-$91.6M |
| 3 |
Citigroup
New York
|
-$49.8M |
| 4 |
Meitav Investment House
Bene-Beraq,
Israel
|
-$32M |
| 5 |
Mivtachim The Workers Social Insurance Fund
Tel Aviv,
Israel
|
-$27.6M |
PAVE Hedge Fund Activity: Q2 2025 in Review
610 of the 7,630 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: 84 funds opened new PAVE positions and 55 closed out — a net gain of 29 holders — while 182 added to existing stakes and 219 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $103M. The largest seller was Principal Financial Group, cutting an estimated $107M.
- 610 institutional investors held Global X US Infrastructure Development ETF (PAVE) as of Q2 2025, up from 588 in Q1 2025.
- Funds reported $5.85B of Global X US Infrastructure Development ETF stock for Q2 2025, up 11% quarter-over-quarter.
- 84 funds opened new Global X US Infrastructure Development ETF positions in Q2 2025 and 55 closed out, a net change of +29 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.