§ EQUITY
USDPAVE
GLOBAL X US INFRASTRUCTURE
USD
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
13F FLOW
467 increased/new, 188 decreased/exited (13F)
AC 13F Analysis
§ 05 · WHO OWNS IT
Top institutional holders
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| Bank of America Corp | 25.5M | 0.1% | +4% |
| BANK OF MONTREAL /CAN/ | 24.2M | 0.5% | −2% |
| Morgan Stanley | 10.7M | 0.0% | n/a |
| LPL Financial LLC | 8.7M | 0.1% | +14% |
| JPMORGAN CHASE & CO | 6.4M | n/a | +35% |
| ENVESTNET ASSET MANAGEMENT INC | 4.1M | 0.1% | +40% |
◇ AC INTELLIGENCE
Top institutional owners for PAVE as of the most recent 13F reporting period (Q1 2026 · Period ended Mar 31). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
DEALER / BANK49.3% · 50 holders
OTHER40.7% · 647 holders
INCOME / DEFENSIVE8.8% · 10 holders
QUALITY / COMPOUNDER1.0% · 7 holders
TACTICAL / MACRO0.1% · 3 holders
SYSTEMATIC / QUANT0.0% · 4 holders
ACTIVIST0.0% · 1 holder
PASSIVE / INDEX0.0% · 2 holders
DEEP VALUE0.0% · 1 holder
◇ AC INTELLIGENCE
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
NO INSIDER FILINGS
◇ AC INTELLIGENCE
No Form 4 filings on record for PAVE in the last 180 days.
§ 08 · COVERAGE · OUR RECENT NOTES
No notes mention PAVE yet.