Vault-13

GLOBAL X FDS PAVE

US INFR DEV ETF · ETP · CUSIP 37954Y673

487 institutional holders +47 vs Q3 2023
110,813,934110.8m shares reported held*
$3.8bnreported value*
60 new 161 added 156 reduced 35 sold out net bought ≈ $253.0m (+7.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.50. Options: 5 managers hold calls ($4.4m notional), 4 hold puts ($1.5m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 379Q4 22: 395Q1 23: 407Q2 23: 419Q3 23: 440Q4 23: 487487Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022379
Q4 2022395
Q1 2023407
Q2 2023419
Q3 2023440
Q4 2023487

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 132 bought or addedQ4 22: 188 cut or sold outQ4 22Q1 23: 184 bought or addedQ1 23: 186 cut or sold outQ1 23Q2 23: 181 bought or addedQ2 23: 197 cut or sold outQ2 23Q3 23: 230 bought or addedQ3 23: 164 cut or sold outQ3 23Q4 23: 221 bought or addedQ4 23: 191 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022132188
Q1 2023184186
Q2 2023181197
Q3 2023230164
Q4 2023221191

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 23 calls: $5.9mQ1 23 puts: $952.6kQ1 23P/C 0.16Q2 23 calls: $5.1mQ2 23 puts: $8.4mQ2 23P/C 1.63Q3 23 calls: $4.0mQ3 23 puts: $1.7mQ3 23P/C 0.42Q4 23 calls: $4.4mQ4 23 puts: $1.5mQ4 23P/C 0.35
Numbers
QuarterCallsPutsP/C
Q1 2023$5.9m$952.6k0.16
Q2 2023$5.1m$8.4m1.63
Q3 2023$4.0m$1.7m0.42
Q4 2023$4.4m$1.5m0.35

Biggest buyers

MORGAN STANLEY Added +7,920,019+7.9m
BANK OF MONTREAL /CAN/ Added +1,657,486+1.7m
CW Advisors, LLC Added +463,636+463.6k
BANK OF AMERICA CORP /DE/ Added +404,138+404.1k
MEITAV INVESTMENT HOUSE LTD Added +397,578+397.6k
CIBC Private Wealth Group LLC Added +362,821+362.8k
EVERGREEN CAPITAL MANAGEMENT LLC New +353,751+353.8k
Cooper Financial Group New +342,033+342.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +271,303+271.3k
Kestra Advisory Services, LLC Added +245,313+245.3k

Biggest sellers

JPMORGAN CHASE & CO Reduced -3,607,569-3.6m
Portfolio Strategies, Inc. Sold out -989,457-989.5k
LPL Financial LLC Reduced -743,820-743.8k
Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) Sold out -650,000-650.0k
Paragon Wealth Strategies, LLC Reduced -432,334-432.3k
OSAIC HOLDINGS, INC. Reduced -367,174-367.2k
Destiny Wealth Partners, LLC Sold out -348,854-348.9k
Gladstone Institutional Advisory LLC Reduced -236,123-236.1k
Vestmark Advisory Solutions, Inc. Sold out -225,798-225.8k
Fifth Third Securities, Inc. Reduced -95,677-95.7k

Biggest calls

CITADEL ADVISORS LLC Reduced $2.2m64.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m44.7k shares
WOLVERINE TRADING, LLC New $299.8k8.7k shares
Walleye Trading LLC Reduced $299.8k8.7k shares
Cutler Group LLC / CA Reduced $60.0k9.5k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $592.7k17.2k shares
Walleye Trading LLC Unchanged $489.3k14.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $448.0k13.0k shares
Cutler Group LLC / CA Reduced $0500 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 18,994,00619.0m $654.5m $654.5m 0.07% Added +404.1k +404,138
2 BANK OF MONTREAL /CAN/ 0.18% of their portfolio TORONTO, A6 15,680,58415.7m $543.2m $543.2m 0.18% Added +1.7m +1,657,486
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 14,953,10015.0m $515.3m $515.3m 0.02% Added +7.9m +7,920,019
4 Harel Insurance Investments & Financial Services Ltd. 4.15% of their portfolio Ramat Gan, L3 6,833,8016.8m $236.3m $236.3m 4.15% Unchanged
5 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 5,430,0495.4m $187.1m $187.1m 0.11% Reduced -743.8k -743,820
6 CW Advisors, LLC 1.87% of their portfolio BOSTON, MA 2,956,3223.0m $101.9m $101.9m 1.87% Added +463.6k +463,636
7 CIBC Private Wealth Group LLC 0.20% of their portfolio ATLANTA, GA 2,679,5662.7m $92.3m $92.3m 0.20% Added +362.8k +362,821
8 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,104,4582.1m $72.5m $72.5m 0.02% Added +208.1k +208,079
9 MEITAV INVESTMENT HOUSE LTD 1.07% of their portfolio BENE-BERAQ, L3 2,104,2272.1m $72.7m $72.7m 1.07% Added +397.6k +397,578
10 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,440,8191.4m $49.7m $49.7m 0.02% Added +153.5k +153,508
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,375,2891.4m $47.4m $47.4m 0.05% Added +271.3k +271,303
12 GenTrust, LLC 2.84% of their portfolio MIAMI, FL 1,238,4621.2m $42.9m $42.9m 2.84% Reduced -86.1k -86,084
13 Raymond James Financial Services Advisors, Inc. 0.07% of their portfolio ST. PETERSBURG, FL 1,235,0681.2m $42.6m $42.6m 0.07% Added +45.2k +45,212
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,109,7601.1m $38.2m $38.2m 0.01% Added +42.2k +42,152
15 Mariner, LLC 0.09% of their portfolio Overland Park, KS 1,109,4581.1m $38.2m $38.2m 0.09% Reduced -38.7k -38,735
16 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 1,041,8951.0m $35.9m $35.9m 0.07% Added +58.7k +58,683
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,034,6141.0m $35.7m $35.7m 0.01% Added +61.5k +61,480
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 925,088925.1k $31.9m $31.9m 0.00% Reduced -3.6m -3,607,569
19 Evolution Wealth Advisors, LLC 5.40% of their portfolio AVENTURA, FL 779,825779.8k $26.9m $26.9m 5.40% Reduced -901 -901
20 Destination Wealth Management 0.86% of their portfolio Walnut Creek, CA 720,262720.3k $24.8m $24.8m 0.86% Reduced -6.7k -6,690
21 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 673,209673.2k $23.2m $23.2m 0.04% Reduced -367.2k -367,174
22 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 595,792595.8k $20.5m $20.5m 0.01% Added +74.6k +74,647
23 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 570,079570.1k $19.6m $19.6m 0.03% Added +149.3k +149,256
24 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 509,278509.3k $17.5m $17.5m 0.02% Added +16.7k +16,705
25 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 497,134497.1k $17.1m $17.1m 0.01% Added +20.0k +19,997
26 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.14% of their portfolio Tel Aviv, L3 478,564478.6k $16.6m $16.6m 1.14% Unchanged
27 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 477,042477.0k $16.4m $16.4m 0.04% Added +71.1k +71,107
28 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 455,758455.8k $15.7m $15.7m 0.07% Added +12.5k +12,494
29 Stratos Wealth Partners, LTD. 0.29% of their portfolio BEACHWOOD, OH 455,722455.7k $15.7m $15.7m 0.29% Reduced -2.8k -2,832
30 Riggs Asset Managment Co. Inc. 4.87% of their portfolio DALLAS, PA 445,226445.2k $15.3m $15.3m 4.87% Added +123.4k +123,382
31 GREAT VALLEY ADVISOR GROUP, INC. 0.52% of their portfolio WILMINGTON, DE 432,847432.8k $14.9m $14.9m 0.52% Added +7.4k +7,408
32 CWM, LLC 0.08% of their portfolio OMAHA, NE 430,709430.7k $14.8m $14.8m 0.08% Reduced -80.1k -80,058
33 BLAIR WILLIAM & CO/IL 0.05% of their portfolio CHICAGO, IL 426,514426.5k $14.7m $14.7m 0.05% Added +1.8k +1,805
34 BANK HAPOALIM BM 1.91% of their portfolio TEL AVIV, L3 405,014405.0k $14.0m $14.0m 1.91% Reduced -21.0k -21,045
35 Beaumont Financial Advisors, LLC 1.25% of their portfolio NEEDHAM, MA 398,151398.2k $13.7m $13.7m 1.25% Reduced -15.8k -15,796
36 Bulltick Wealth Management, LLC 3.10% of their portfolio Miami, FL 390,891390.9k $13.5m $13.5m 3.10% Reduced -13.1k -13,075
37 Bensler, LLC 2.10% of their portfolio Bellevue, WA 366,792366.8k $12.6m $12.6m 2.10% Added +120.7k +120,659
38 Cetera Advisor Networks LLC 0.07% of their portfolio EL SEGUNDO, CA 356,534356.5k $12.3m $12.3m 0.07% Added +43.3k +43,302
39 EVERGREEN CAPITAL MANAGEMENT LLC 0.50% of their portfolio Bellevue, WA 353,751353.8k $12.2m $12.2m 0.50% New
40 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 351,190351.2k $12.1m $12.1m 0.09% Added +3.9k +3,891
41 MFA WEALTH ADVISORS, LLC 3.35% of their portfolio PITTSBURGH, PA 345,685345.7k $11.9m $11.9m 3.35% Reduced -543 -543
42 Cooper Financial Group 2.14% of their portfolio IRVINE, CA 342,033342.0k $11.8m $11.8m 2.14% New
43 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 333,965334.0k $11.4m $11.4m 0.02% Reduced -2.9k -2,948
44 Kestra Advisory Services, LLC 0.09% of their portfolio AUSTIN, TX 322,626322.6k $11.1m $11.1m 0.09% Added +245.3k +245,313
45 Vishria Bird Financial Group, LLC 5.14% of their portfolio MEMPHIS, TN 315,780315.8k $10.9m $10.9m 5.14% Reduced -2.6k -2,609
46 PRUDENTIAL PLC 0.11% of their portfolio LONDON, X0 310,060310.1k $10.7m $10.7m 0.11% Reduced -13.6k -13,600
47 360 Financial, Inc. 4.58% of their portfolio WAYZATA, MN 301,267301.3k $10.4m $10.4m 4.58% Reduced -15.8k -15,835
48 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 274,000274.0k $9.4m $9.4m 0.02% Unchanged
49 Ameraudi Asset Management, Inc. 4.00% of their portfolio New York, NY 263,631263.6k $9.1m $9.1m 4.00% Reduced -9.2k -9,185
50 Sharkey, Howes & Javer 1.60% of their portfolio DENVER, CO 262,852262.9k $9.1m $9.1m 1.60% Added +48.5k +48,482
51 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 250,500250.5k $8.6m $8.6m 0.01% Added +21.5k +21,496
52 OGOREK ANTHONY JOSEPH /NY/ /ADV 3.04% of their portfolio WILLIAMSVILLE, NY 242,461242.5k $8.4m $8.4m 3.04% Added +7.2k +7,215
53 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 230,916230.9k $8.0m $8.0m 0.03% Added +16.9k +16,930
54 JMAC ENTERPRISES LLC 1.71% of their portfolio NEWTOWN, PA 230,723230.7k $8.0m $8.0m 1.71% Added +25.9k +25,865
55 Sage Capital Management, LLC 4.70% of their portfolio Stockton, NJ 228,110228.1k $7.9m $7.9m 4.70% First filing
56 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 227,100227.1k $7.8m $7.8m 0.10% Reduced -22.7k -22,701
57 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 221,263221.3k $7.6m $7.6m 0.03% Added +17.6k +17,557
58 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 220,318220.3k $7.6m $7.6m 0.09% Added +17.8k +17,785
59 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 217,056217.1k $7.5m $7.5m 0.06% Added +91.1k +91,093
60 Cetera Advisors LLC 0.10% of their portfolio DENVER, CO 213,726213.7k $7.4m $7.4m 0.10% Reduced -2.2k -2,233
61 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 212,503212.5k $7.3m $7.3m 0.02% Added +19.9k +19,862
62 New England Private Wealth Advisors LLC 1.34% of their portfolio WELLESLEY, MA 210,977211.0k $7.3m $7.3m 1.34% Unchanged
63 Financial Advocates Investment Management 0.45% of their portfolio OLYMPIA, WA 201,382201.4k $6.9m $6.9m 0.45% Added +11.9k +11,853
64 Royal Harbor Partners, LLC 3.22% of their portfolio HOUSTON, TX 201,345201.3k $6.9m $6.9m 3.22% New
65 Clarus Group, Inc. 5.18% of their portfolio HOUSTON, TX 198,837198.8k $6.9m $6.9m 5.18% Reduced -14.5k -14,520
66 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 193,632193.6k $6.6m $6.6m 0.03% Added +111.4k +111,356
67 PECAUT & CO. 2.58% of their portfolio SIOUX CITY, IA 186,186186.2k $6.4m $6.4m 2.58% Added +4.7k +4,652
68 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.17% of their portfolio Tel Aviv, L3 170,896170.9k $5.9m $5.9m 1.17% Unchanged
69 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 169,039169.0k $5.8m $5.8m 0.02% Reduced -54.0k -54,020
70 Omnia Family Wealth, LLC 2.95% of their portfolio AVENTURA, FL 166,506166.5k $5.8m $5.8m 2.95% New
71 Chicago Wealth Management, Inc. 3.89% of their portfolio CHICAGO, IL 165,140165.1k $5.7m $5.7m 3.89% Added +9.5k +9,477
72 Ameritas Advisory Services, LLC 0.31% of their portfolio Lincoln, NE 162,831162.8k $5.6m $5.6m 0.31% Added +60.2k +60,182
73 HBW ADVISORY SERVICES LLC 1.05% of their portfolio SIMI VALLEY, CA 162,325162.3k $5.6m $5.6m 1.05% Added +5.0k +5,000
74 IHT Wealth Management, LLC 0.25% of their portfolio Chicago, IL 160,839160.8k $5.5m $5.5m 0.25% Reduced -16.6k -16,646
75 TPG Financial Advisors, LLC 2.69% of their portfolio PORTLAND, OR 156,410156.4k $5.3m $5.3m 2.69% Added +5.7k +5,744
76 Frisch Financial Group, Inc. 2.00% of their portfolio MELVILLE, NY 153,741153.7k $5.3m $5.3m 2.00% Reduced -1.3k -1,283
77 Advisor Resource Council 0.60% of their portfolio DALLAS, TX 149,992150.0k $5.2m $5.2m 0.60% New
78 Gerber Kawasaki Wealth & Investment Management 0.31% of their portfolio SANTA MONICA, CA 148,730148.7k $5.1m $5.1m 0.31% Added +4.4k +4,426
79 ZIMMERMANN INVESTMENT MANAGEMENT & PLANNING LLC 2.09% of their portfolio New Cumberland, PA 148,187148.2k $5.1m $5.1m 2.09% Added +9.3k +9,296
80 Systelligence, LLC 1.30% of their portfolio BLOOMINGTON, MN 138,022138.0k $4.8m $4.8m 1.30% Added +2.3k +2,285
81 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 136,000136.0k $4.7m $4.7m 0.01% Added +88.3k +88,325
82 Clark Capital Management Group, Inc. 0.04% of their portfolio PHILADELPHIA, PA 134,144134.1k $4.6m $4.6m 0.04% New
83 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 133,165133.2k $4.6m $4.6m 0.04% Added +133.1k +133,065
84 MONTAG A & ASSOCIATES INC 0.25% of their portfolio ATLANTA, GA 129,071129.1k $4.5m $4.5m 0.25% Reduced -15.1k -15,090
85 CENTAURUS FINANCIAL, INC. 0.33% of their portfolio ANAHEIM, CA 127,873127.9k $4.4m $4.4m 0.33% Added +109.0k +109,004
86 Ratio Wealth Group 0.95% of their portfolio DENVER, CO 126,951127.0k $4.4m $4.4m 0.95% New
87 NTV Asset Management LLC 0.73% of their portfolio Charleston, WV 126,087126.1k $4.3m $4.3m 0.73% Added +6.5k +6,495
88 Aspire Capital Advisors LLC 1.73% of their portfolio SEATTLE, WA 123,784123.8k $4.3m $4.3m 1.73% New
89 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 121,500121.5k $4.2m $4.2m 0.06% Added +18.5k +18,500
90 National Philanthropic Trust 0.11% of their portfolio Jenkintown, PA 121,044121.0k $4.2m $4.2m 0.11% First filing
91 CX Institutional 0.22% of their portfolio AUBURN, IN 119,747119.7k $4.1m $4.1m 0.22% Added +1.5k +1,481
92 New Millennium Group LLC 3.53% of their portfolio SANDY, UT 115,785115.8k $4.0m $4.0m 3.53% New
93 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 111,126111.1k $3.8m $3.8m 0.01% Added +1.4k +1,428
94 Snowden Capital Advisors LLC 0.15% of their portfolio New York, NY 111,010111.0k $3.8m $3.8m 0.15% Reduced -4.1k -4,089
95 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 99,58799.6k $3.4m $3.4m 0.01% Added +15.5k +15,474
96 REDW Wealth LLC 0.98% of their portfolio ALBUQUERQUE, NM 99,21099.2k $3.4m $3.4m 0.98% Reduced -16.3k -16,302
97 Austin Wealth Management, LLC 0.96% of their portfolio Austin, TX 98,46498.5k $3.6m $3.6m 0.96% Reduced -2.4k -2,358
98 Transamerica Financial Advisors, LLC 0.46% of their portfolio CEDAR RAPIDS, IA 96,70596.7k $3.3m $3.3m 0.46% Added +28.8k +28,831
99 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 95,42195.4k $3.3m $3.3m 0.01% Added +8.7k +8,749
100 B. Riley Wealth Advisors, Inc. 0.09% of their portfolio MEMPHIS, TN 93,25593.3k $3.2m $3.2m 0.09% Added +2.1k +2,055