Global X Funds - Global X U.S. Infrastructure Development ETF
MX ˙ BMV ˙ US37954Y6730
SecurityMX:PAVE / Global X Funds - Global X U.S. Infrastructure Development ETF
InstitutionSummit Trail Advisors, Llc
Latest Disclosed Ownership57,537 shares
Latest Disclosed Value $ 2,923,455
Summit Trail Advisors, Llc reports 18.28% decrease in ownership of PAVE / Global X Funds - Global X U.S. Infrastructure Development ETF

On May 12, 2026 - Summit Trail Advisors, Llc filed a 13F-HR form disclosing ownership of 57,537 shares of Global X Funds - Global X U.S. Infrastructure Development ETF (MX:PAVE) valued at $2,923,455 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 70,409 shares of Global X Funds - Global X U.S. Infrastructure Development ETF. This represents a change in shares of -18.28% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 57,537 -12,872 -18.28 2,923 -13.70 0.0419
2026-02-17 2025-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 70,409 -162 -0.23 3,388 0.77 0.0586
2025-11-14 2025-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 70,571 167 0.24 3,361 9.30 0.0464
2025-08-14 2025-06-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 70,404 49,362 234.59 3,076 287.77 0.0528
2025-04-28 2025-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 21,042 -4,325 -17.05 794 -22.86 0.0262
2025-01-29 2024-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 25,367 20,242 394.97 1,029 389.52 0.0380
2024-11-12 2024-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 5,125 5,125 211 0.0052
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.