Global X US Infrastructure Development ETF
PAVE
619 hedge funds and large institutions have $6.54B invested in Global X US Infrastructure Development ETF in 2025 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 244 increasing their positions, 186 reducing their positions, and 41 closing their positions.
56% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 41
31% more repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 186
12% more capital invested
Capital invested by funds: $5.85B → $6.54B (+$688M)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
2% more funds holding
Funds holding: 606 → 619 (+13)
0.23% more ownership
Funds ownership: 68.03% → 68.26% (+0.23%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$74.8M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$64.2M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$46.1M |
| 4 |
LPL Financial
San Diego,
California
|
+$13.4M |
| 5 |
Morgan Stanley
New York
|
+$12.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$39.9M |
| 2 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$17.6M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$12.5M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.64M |
| 5 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$5.84M |
PAVE Hedge Fund Activity: Q3 2025 in Review
619 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Global X US Infrastructure Development ETF (PAVE) for Q3 2025, worth a combined $6.54B — up 12% from $5.85B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PAVE positions and 41 closed out — a net gain of 23 holders — while 244 added to existing stakes and 186 trimmed.
The largest buyer was Bank of America, adding an estimated $74.8M. The largest seller was Meitav Investment House, cutting an estimated $39.9M.
- 619 institutional investors held Global X US Infrastructure Development ETF (PAVE) as of Q3 2025, up from 606 in Q2 2025.
- Funds reported $6.54B of Global X US Infrastructure Development ETF stock for Q3 2025, up 12% quarter-over-quarter.
- 64 funds opened new Global X US Infrastructure Development ETF positions in Q3 2025 and 41 closed out, a net change of +23 holders.
- The largest Global X US Infrastructure Development ETF buyer in Q3 2025 was Bank of America, an estimated $74.8M added.
- The largest Global X US Infrastructure Development ETF seller in Q3 2025 was Meitav Investment House, an estimated $39.9M sold.
Based on aggregated 13F filings for Q3 2025.