PAVE · Global X U.S. Infrastructure Development ETF · Holdings ETF

$52.07 -1.07 (-2.01%) At close · Oct 22

Volume · Oct 22 2.14M Avg daily vol (3M) 1.55M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 191

Total Value: $0

Total Shares: 8,278,927

Showing 1–100 of 191 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Who Holds PAVE

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 822 filers, like-for-like change +8.6%; actively managed books +8.6%; index-like books +9.8%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	25.4%	550	+15.9%	75	17
Exempt adviser	0.0%	2	-43.4%	1	0
Adviser	1.1%	5	+18.7%	1	2
Bank	35.8%	26	-1.9%	2	1
Insurer	1.3%	1	+48.4%	0	0
Broker-dealer	5.5%	1	+10.0%	0	1
Non-US	0.0%	3	+27.1%	0	0
Holding company	8.3%	9	+10.5%	1	0
Unknown	22.6%	225	+16.9%	40	16

Style	Share	Filers	Change	New	Exited
Index-like	7.8%	10	+9.8%	1	0
Systematic-like	0.0%	3	-50.8%	1	2
Concentrated	14.8%	308	+6.9%	51	18
Diversified active	77.4%	500	+9.0%	67	16
Unknown	0.0%	1	-98.9%	0	1
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	80.3%	561	+9.2%	76	19
Medium turnover	15.9%	161	+7.0%	21	7
High turnover	0.2%	17	-43.4%	11	6
Unknown	3.7%	83	+7.1%	12	5
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.3%	84	+5.9%	16	6
Medium horizon	8.8%	200	+28.9%	43	9
Long horizon	86.8%	517	+7.2%	56	18
Unknown	1.1%	21	-1.9%	5	4
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	7.2%	397	+13.2%	66	20
$1B to $10B	14.2%	289	+9.5%	39	14
$10B to $100B	21.0%	97	+24.3%	13	2
$100B or more	57.6%	39	+3.2%	2	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	22.2%	491	+20.8%	64	14
Pooled investment vehicles	0.1%	6	+0.1%	1	2
Registered funds and BDCs	1.0%	7	+15.1%	4	0
Pension and profit sharing plans	0.1%	5	+18.7%	1	0
Insurance companies	0.1%	2	+3.6%	0	0
Charitable organizations	0.0%	1	+0.7%	0	0
Governments and sovereign funds	0.0%	1	-6.3%	0	0
Corporations	0.4%	4	+12.6%	2	0
Other investment advisers	1.0%	10	-35.9%	1	1
Other	0.3%	3	-9.4%	0	0
Diversified	0.2%	18	+47.0%	1	0
Unknown	74.6%	274	+6.4%	46	20

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.5%	25	+7.9%	3	1
Private equity funds	1.6%	20	+4.0%	5	0
Venture capital funds	0.1%	3	+1.5%	0	0
Real estate funds	0.4%	10	+17.8%	1	0
Securitized asset funds	0.0%	2	-5.9%	0	0
Other private funds	3.6%	27	+101.6%	3	2
Mixed private funds	0.0%	5	+43.0%	1	0
Private funds, type not stated	0.6%	4	-40.3%	0	0
No private funds	18.6%	456	+11.4%	63	14
Unknown	74.6%	270	+6.4%	44	20

Location	Share	Filers	Change	New	Exited
United States	74.1%	778	+9.6%	113	36
Outside the US	25.9%	44	+6.0%	7	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 13 holders with no observed 2026-03-31 13F and 11 holders with no observed 2026-06-30 13F. Compared across CIK changes: Trask Adam Roland continues as Burnham & Co LLC.

Conviction and Crowding

822 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

1.34% of filers hold it in their top 10

Mar 31, 2026: 13

Holders above 5%

median weight —

Mar 31, 2026: 0

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

57.0%

of 13F shares, Herfindahl 0.055

Active holders

+8.6%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$53.60

estimated per share

Mar 31, 2026: $51.06

Quarter-end price

—

implied by 13F values

Estimated gain or loss

—

price against the estimated cost

Estimated at a loss

—

of costed 13F value

Estimated cost covers 4.40% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of PAVE by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	816,863	2
Active funds	0	0
Unclassified	0	0
All registered funds	816,863	2

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -633

Institutional value: -100.0%

Shares held: -95.3%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small GoalVest Advisory LLC	+70,233	75,363
Mid Perigon Wealth Management, LLC	+65,784	140,787
Mid Wealthcare Advisory Partners LLC	+33,716	245,208
Small WT Wealth Management	+21,685	123,176
Mid VALLEY WEALTH MANAGERS, INC.	+21,065	189,907

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid AXXCESS WEALTH MANAGEMENT, LLC	−1,018,795	40,179
Small HBW ADVISORY SERVICES LLC	−177,241	109,844
Mid Sowell Financial Services LLC	−34,217	13,972
Mid C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors	−28,904	35,546
Small Mezzasalma Advisors, LLC	−18,218	7,774

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Clayton Financial Group LLC	92	$0
Small Newton One Investments LLC	19	$0
Mid FIRST CITIZENS BANK & TRUST CO	5,976	$0
Small Future Financial Wealth Managment LLC	43,571	$0
Small Olistico Wealth, LLC	53	$0

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Balboa Wealth Partners	3,665	$0
Small BEACON HILL WEALTH MANAGEMENT LTD.	3,800	$0
Small Farmers & Merchants Trust Co of Chambersburg PA	140	$0
Small Lifestyle Asset Management, Inc.	16,274	$0
Small Parkway Wealth Management Group, LLC	3,715	$0

Filter: New 13 Increased 93 Reduced 52 Sold out 20 Unchanged 33

Holder type: Registered adviser 137 Bank 1 Non-US 1 Unknown 52

Showing 100 of 191

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Monetary Solutions, Ltd PAVE

—

357

Signal Advisors Wealth, LLC PAVE

—

20,569

Global Trust Asset Management, LLC PAVE

—

925

TRUST CO OF TOLEDO NA /OH/ PAVE

—

1,221

WESPAC Advisors SoCal, LLC PAVE

—

11,329

TD Waterhouse Canada Inc. PAVE

—

14,922

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	14,922	$0	—	Defined

Avidian Wealth Enterprises, LLC PAVE

—

11,283

ENTREWEALTH, LLC PAVE

—

26,550

Clarus Group, Inc. PAVE

—

160,932

GoalVest Advisory LLC PAVE

—

75,363

Mezzasalma Advisors, LLC PAVE

—

7,774

Lake Hills Wealth Management, LLC PAVE

—

114,271

THRYVE WEALTH MANAGEMENT LLC PAVE

—

176,178

Great Diamond Partners, LLC PAVE

—

8,539

Bison Wealth, LLC PAVE

—

50,277

Foguth Wealth Management, LLC. PAVE

—

4,399

MISSION WEALTH MANAGEMENT, LP PAVE

—

8,314

Prime Capital Investment Advisors, LLC PAVE

—

51,384

Clayton Financial Group LLC PAVE

—

Bank of New Hampshire PAVE

—

936

Concurrent Investment Advisors, LLC PAVE

—

64,446

Allodium Investment Consultants, LLC PAVE

—

27,977

BARRETT & COMPANY, INC. PAVE

—

Rydar Equities, Inc. PAVE

—

732

ProCore Advisors, LLC PAVE

—

7,540

Byrne Asset Management LLC PAVE

—

150

Perigon Wealth Management, LLC PAVE

—

140,787

NFSG Corp PAVE

—

486

INVENIO WEALTH PARTNERS LLC PAVE

—

28,264

Apeiron RIA LLC PAVE

—

4,800

Magnus Financial Group LLC PAVE

—

75,579

Financial Partners Group, Inc PAVE

—

171,750

San Luis Wealth Advisors LLC PAVE

—

123,193

Sharkey, Howes & Javer PAVE

—

16,467

Blue Trust, Inc. PAVE

—

8,905

Diversified Enterprises, LLC PAVE

—

10,300

PFG Advisors PAVE

—

86,564

Castleview Partners, LLC PAVE

—

11,082

INDEPENDENT FINANCIAL GROUP, LLC PAVE

—

147,977

PW Nova Financial Services LLC PAVE

—

27,093

SAGESPRING WEALTH PARTNERS, LLC PAVE

—

4,194

Eagle Strategies LLC PAVE

—

232,670

COURIER CAPITAL LLC PAVE

—

56,039

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC PAVE

—

155,073

STRATEGY ASSET MANAGERS LLC PAVE

—

44,166

Acorn Wealth Advisors, LLC PAVE

—

52,628

Cooper Financial Group PAVE

—

591,786

TANDEM CAPITAL MANAGEMENT CORP /ADV PAVE

—

14,120

VALLEY WEALTH MANAGERS, INC. PAVE

—

189,907

SeaCrest Wealth Management, LLC PAVE

—

7,587

Teamwork Financial Advisors, LLC PAVE

—

407,101

FORTEM FINANCIAL GROUP, LLC PAVE

—

83,723

PRIVATE TRUST CO NA PAVE

—

17,692

Embree Financial Group PAVE

—

6,620

Cordoba Advisory Partners LLC PAVE

—

105,249

Capital Advantage, Inc. PAVE

—

134,396

WAYSTONE ADVISORS LLC PAVE

—

73,223

Turtle Creek Wealth Advisors, LLC PAVE

—

2,450

WASHINGTON GROWTH STRATEGIES LLC PAVE

—

127,695

NWF Advisory Services Inc. PAVE

—

4,240

Focus Financial Network, Inc. PAVE

—

49,690

CX Institutional PAVE

—

164,816

OpenArc Corporate Advisory, LLC PAVE

—

11,209

Pinnacle Wealth Management Group, Inc. PAVE

—

9,580

BARINGS LLC PAVE

—

12,744

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Baring Asset Management Korea Ltd	12,744	$0	—	Defined

STABLEFORD CAPITAL II LLC PAVE

—

6,638

Accel Wealth Management PAVE

—

21,612

BIRCHBROOK, INC. PAVE

—

215

Pinnacle Bancorp, Inc. PAVE

—

203

YANKCOM Partnership PAVE

—

374

TENET WEALTH PARTNERS, LLC PAVE

—

102,352

Wealthcare Capital Partners, LLC PAVE

—

21,402

Aspect Partners, LLC PAVE

—

Pacific Center for Financial Services PAVE

—

449

Koa Wealth Management, LLC PAVE

—

29,849

WEDBUSH SECURITIES INC PAVE

—

27,027

SBI Securities Co., Ltd. PAVE

—

1,639

Sunrise Financial Services, LLC PAVE

—

759

INSTRUMENTAL WEALTH, LLC PAVE

—

6,230

B. Riley Wealth Advisors, Inc. PAVE

—

8,833

FORONJY FINANCIAL LLC PAVE

—

32,008

GILPIN WEALTH MANAGEMENT, LLC PAVE

—

162

MRA Advisory Group PAVE

—

86,434

Altus Wealth Group LLC PAVE

—

7,350

Beacon Capital Management, Inc. PAVE

—

APS Management Group, Inc. PAVE

—

25,085

McCollum Christoferson Group LLC PAVE

—

53,409

Insight Advisors, LLC/ PA PAVE

—

31,664

FIRST UNITED BANK & TRUST PAVE

—

1,565

Dynamic Advisor Solutions LLC PAVE

—

14,674

Robertson Stephens Wealth Management, LLC PAVE

—

248,931

Ellis Investment Partners, LLC PAVE

—

20,562

GAMMA Investing LLC PAVE

—

3,992

Farther Finance Advisors, LLC PAVE

—

107,248

Exchange Bank PAVE

—

10,980

Atria Investments, Inc PAVE

—

23,826

Future Financial Wealth Managment LLC PAVE

—

43,571

Brookstone Capital Management PAVE

—

23,975

PEDDOCK CAPITAL ADVISORS, LLC PAVE

—

91,300

ASSETMARK, INC PAVE

—

126,724

Showing the top 100 of 191 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.