Global X U.S. Infrastructure Development ETF (PAVE) Holdings
PAVE holdings summary
as of Oct 25, 2026- Holdings
- 99 positions listed
- Top 10 weight
- 33.4% of net assets
- Effective holdings
- 48 equal-weight equivalent
- Largest holding
- EMR 3.84% Emerson Electric Co.
- Annual turnover
- 6.0% of the portfolio traded
Top 1033.4%
Top 2565.4%
Top 5084.3%
All PAVE holdings
99 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | EMR | Emerson Electric Co. | Industrials | 3.84% | $513.1M | $90.07B | 35.3 |
| 2 | FAST | Fastenal Company | Industrials | 3.78% | $504.8M | $58.55B | 41.5 |
| 3 | DE | Deere & Company | Industrials | 3.45% | $460.9M | $173.06B | 35.7 |
| 4 | NUE | Nucor Corporation | Basic Materials | 3.44% | $458.6M | $58.15B | 20.4 |
| 5 | UNP | Union Pacific Corporation | Industrials | 3.23% | $431.7M | $171.71B | 23.4 |
| 6 | NSC | Norfolk Southern Corporation | Industrials | 3.20% | $426.7M | $73.43B | 27.9 |
| 7 | ROK | Rockwell Automation, Inc. | Industrials | 3.15% | $419.9M | $47.43B | 39.9 |
| 8 | CSX | CSX Corporation | Industrials | 3.11% | $415.5M | $90.18B | 28.3 |
| 9 | URI | United Rentals, Inc. | Industrials | 3.11% | $415.3M | $64.09B | 24.8 |
| 10 | PH | Parker-Hannifin Corporation | Industrials | 3.11% | $414.6M | $121.49B | 33.8 |
| 11 | SRE | Sempra | Utilities | 3.10% | $413.8M | $54.54B | 24.1 |
| 12 | TT | Trane Technologies plc | Industrials | 3.09% | $412.4M | $100.97B | 34.2 |
| 13 | ETN | Eaton Corporation plc | Industrials | 2.96% | $394.5M | $151.92B | 39.8 |
| 14 | CRH | CRH PLC | Basic Materials | 2.95% | $393.2M | — | — |
| 15 | PWR | Quanta Services, Inc. | Industrials | 2.72% | $363.1M | $95.00B | 72.4 |
| 16 | HWM | Howmet Aerospace Inc. | Industrials | 2.34% | $312.5M | $88.12B | 47.6 |
| 17 | STLD | Steel Dynamics, Inc. | Basic Materials | 2.20% | $293.6M | $34.48B | 21.8 |
| 18 | VMC | Vulcan Materials Company | Basic Materials | 2.17% | $290.2M | $33.38B | 30.4 |
| 19 | MLM | Martin Marietta Materials, Inc. | Basic Materials | 1.96% | $261.0M | $35.57B | 32.6 |
| 20 | EME | EMCOR Group, Inc. | Industrials | 1.75% | $233.7M | $31.83B | 22.5 |
| 21 | HUBB | Hubbell Incorporated | Industrials | 1.46% | $194.3M | $24.36B | 27.3 |
| 22 | ATI | ATI Inc. | Industrials | 1.42% | $189.8M | $25.27B | 54.4 |
| 23 | AMRZ | Amerize Inc. | Basic Materials | 1.41% | $187.7M | — | — |
| 24 | RS | Reliance Steel & Aluminum Co. | Basic Materials | 1.30% | $173.0M | $20.99B | 23.9 |
| 25 | FTV | Fortive Corporation | Technology | 1.19% | $158.7M | $17.45B | 30.4 |
| 26 | WWD | Woodward, Inc. | Industrials | 1.15% | $153.5M | $19.40B | 36.5 |
| 27 | J | Jacobs Engineering Group Inc. | Industrials | 1.03% | $137.4M | $16.51B | 46.9 |
| 28 | IEX | IDEX Corporation | Industrials | 1.00% | $133.3M | $17.36B | 33.9 |
| 29 | WCC | WESCO International, Inc. | Industrials | 0.96% | $128.6M | $16.61B | 23.6 |
| 30 | CRS | Carpenter Technology Corporation | Industrials | 0.93% | $124.7M | $18.69B | 35.8 |
| 31 | TRMB | Trimble Inc. | Technology | 0.91% | $121.8M | $13.86B | — |
| 32 | RBC | RBC Bearings Incorporated | Industrials | 0.91% | $121.2M | $15.78B | 49.3 |
| 33 | LECO | Lincoln Electric Holdings, Inc. | Industrials | 0.91% | $120.9M | $14.29B | 26.2 |
| 34 | CSL | Carlisle Companies Incorporated | Industrials | 0.90% | $120.6M | $13.26B | 19.0 |
| 35 | MTZ | MasTec, Inc. | Industrials | 0.87% | $116.0M | $15.34B | 30.5 |
| 36 | RPM | RPM International Inc. | Basic Materials | 0.80% | $107.0M | $12.72B | 18.4 |
| 37 | STRL | Sterling Infrastructure, Inc. | Industrials | 0.73% | $97.2M | $12.98B | 30.6 |
| 38 | MLI | Mueller Industries, Inc. | Industrials | 0.72% | $95.7M | $13.29B | 15.6 |
| 39 | GGG | Graco Inc. | Industrials | 0.69% | $92.7M | $13.28B | 25.8 |
| 40 | CZN | Crane Co | Other | 0.66% | $88.7M | — | — |
| 41 | WMS | Advanced Drainage Systems, Inc. | Industrials | 0.65% | $86.2M | $9.67B | 21.8 |
| 42 | RRX | Regal Rexnord Corporation | Industrials | 0.65% | $86.1M | $10.25B | 31.7 |
| 43 | AA | Alcoa Corporation | Basic Materials | 0.62% | $82.8M | $10.94B | 7.2 |
| 44 | TTEK | Tetra Tech, Inc. | Industrials | 0.59% | $79.1M | $8.89B | 20.9 |
| 45 | AYI | Acuity Brands, Inc. | Industrials | 0.57% | $76.2M | $9.08B | 17.8 |
| 46 | PNR | Pentair plc | Industrials | 0.56% | $74.7M | $8.53B | 13.8 |
| 47 | VMI | Valmont Industries, Inc. | Industrials | 0.53% | $70.7M | $8.63B | 17.4 |
| 48 | SPW0 | SPX TECHNOLOGIES DL 10 | Industrials | 0.50% | $67.0M | — | — |
| 49 | ACM | AECOM | Industrials | 0.50% | $66.9M | $7.59B | 20.8 |
| 50 | ZWS | Zurn Elkay Water Solutions Corporation | Industrials | 0.50% | $66.3M | $7.81B | 29.2 |
| 51 | WLK | Westlake Corporation | Basic Materials | 0.49% | $66.0M | $8.09B | — |
| 52 | CLF | Cleveland-Cliffs Inc. | Basic Materials | 0.47% | $62.7M | $6.91B | — |
| 53 | ACA | Arcosa, Inc. | Industrials | 0.45% | $60.3M | $7.22B | 36.3 |
| 54 | FPS | Forgent Power Solutions, Inc. | Industrials | 0.44% | $58.4M | $10.11B | 105.6 |
| 55 | DY | Dycom Industries, Inc. | Industrials | 0.43% | $56.9M | $7.65B | 23.2 |
| 56 | TITN | Titan Machinery Inc. | Industrials | 0.42% | $56.4M | $522.0M | — |
| 57 | CMC | Commercial Metals Company | Industrials | 0.42% | $55.9M | $7.19B | 11.1 |
| 58 | EXPO | Exponent, Inc. | Industrials | 0.42% | $55.9M | $3.42B | 32.2 |
| 59 | BMI | Badger Meter, Inc. | Technology | 0.39% | $51.6M | $3.67B | 29.6 |
| 60 | BLDR | Builders FirstSource, Inc. | Industrials | 0.38% | $50.3M | $5.88B | 59.4 |
| 61 | TEX | Terex Corporation | Industrials | 0.36% | $48.5M | $5.83B | 24.4 |
| 62 | WNC | Wabash National Corporation | Industrials | 0.34% | $45.7M | $503.5M | — |
| 63 | DNOW | NOW Inc. | Industrials | 0.34% | $45.7M | $2.83B | — |
| 64 | USLM | United States Lime & Minerals, Inc. | Basic Materials | 0.34% | $44.9M | $3.04B | 22.7 |
| 65 | POWL | Powell Industries, Inc. | Industrials | 0.34% | $44.9M | $6.02B | 31.6 |
| 66 | LPX | Louisiana-Pacific Corporation | Industrials | 0.33% | $44.6M | $4.90B | 91.0 |
| 67 | EXP | Eagle Materials Inc. | Basic Materials | 0.33% | $44.5M | $5.22B | 13.4 |
| 68 | CALX | Calix, Inc. | Technology | 0.33% | $44.4M | $2.30B | 48.7 |
| 69 | ECG | Everus Construction Group Inc | Industrials | 0.32% | $43.1M | $5.60B | 22.1 |
| 70 | PLPC | Preformed Line Products Company | Industrials | 0.32% | $43.0M | $1.73B | 39.8 |
| 71 | CSW | CSW Industrials, Inc. | Industrials | 0.32% | $42.9M | $4.70B | 39.5 |
| 72 | RYZ | Ryerson Holding Corporation | Industrials | 0.32% | $42.6M | $1.43B | — |
| 73 | IIIN | Insteel Industries, Inc. | Industrials | 0.32% | $42.4M | $574.2M | 15.9 |
| 74 | MTUS | Metallus Inc. | Basic Materials | 0.32% | $42.3M | $852.2M | 108.2 |
| 75 | MDU | MDU Resources Group, Inc. | Utilities | 0.31% | $41.9M | $4.00B | 20.2 |
| 76 | CMCO | Columbus McKinnon Corporation | Industrials | 0.30% | $40.1M | $422.6M | — |
| 77 | GVA | Granite Construction Incorporated | Industrials | 0.30% | $40.1M | $4.88B | — |
| 78 | ROCK | Gibraltar Industries, Inc. | Industrials | 0.30% | $40.0M | $1.12B | 18.8 |
| 79 | TPC | Tutor Perini Corporation | Industrials | 0.30% | $40.0M | $4.09B | 33.5 |
| 80 | GRC | The Gorman-Rupp Company | Industrials | 0.29% | $39.4M | $1.90B | 30.3 |
| 81 | AGX | Argan, Inc. | Industrials | 0.29% | $39.1M | $4.85B | 27.3 |
| 82 | MWA | Mueller Water Products, Inc. | Industrials | 0.29% | $39.1M | $3.40B | 15.3 |
| 83 | DXPE | DXP Enterprises, Inc. | Industrials | 0.29% | $38.9M | $2.73B | 30.9 |
| 84 | MTX | Minerals Technologies Inc. | Basic Materials | 0.28% | $37.3M | $1.96B | — |
| 85 | TTAM | Titan America SA | Basic Materials | 0.28% | $37.3M | $2.52B | 14.4 |
| 86 | CTOS | Custom Truck One Source, Inc. | Industrials | 0.27% | $36.6M | $2.07B | 100.9 |
| 87 | HRI | Herc Holdings Inc. | Industrials | 0.27% | $35.4M | $4.06B | 79.5 |
| 88 | MYRG | MYR Group Inc. | Industrials | 0.26% | $34.5M | $4.36B | 26.6 |
| 89 | ROAD | Construction Partners, Inc. | Industrials | 0.26% | $34.4M | $4.69B | 32.4 |
| 90 | NWPX | NWPX Infrastructure, Inc. | Basic Materials | 0.25% | $33.3M | $940.7M | 19.6 |
| 91 | GBX | The Greenbrier Companies, Inc. | Industrials | 0.25% | $33.1M | $1.21B | 11.6 |
| 92 | PRIM | Primoris Services Corporation | Industrials | 0.24% | $32.5M | $3.94B | 28.6 |
| 93 | MWH | SOLV Energy, Inc. | Utilities | 0.24% | $32.3M | $4.85B | 54.5 |
| 94 | CENX | Century Aluminum Company | Basic Materials | 0.23% | $30.7M | $3.47B | 6.1 |
| 95 | TRN | Trinity Industries, Inc. | Industrials | 0.23% | $30.7M | $2.01B | 5.9 |
| 96 | CTRI | Centuri Holdings, Inc. | Utilities | 0.23% | $30.4M | $1.99B | 59.8 |
| 97 | KNF | Knife River Corporation | Basic Materials | 0.23% | $30.1M | $2.87B | 20.5 |
| 98 | ASTE | Astec Industries, Inc. | Industrials | 0.22% | $30.0M | $880.0M | 45.0 |
| 99 | LGN | Legence Corp. | Industrials | 0.17% | $23.2M | $7.15B | — |
Weights as a percentage of net assets. Value held = weight × net assets ($13.35B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
PAVE sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 72.4% | 71 | EMR, FAST, DE |
| Basic Materials | 20.1% | 19 | NUE, CRH, STLD |
| Utilities | 3.9% | 4 | SRE, MDU, MWH |
| Technology | 2.8% | 4 | FTV, TRMB, BMI |
| Other | 0.7% | 1 | CZN |
Sum of the weights of the holdings in each sector.
PAVE top industries
Specialty Industrial Machinery
16.9%
Engineering & Construction
11.6%
Railroads
10.0%
Building Materials
9.7%
Steel
8.0%
Building Products & Equipment
6.2%
Industrial Distribution
5.8%
Farm & Heavy Construction Machinery
4.7%
Metal Fabrication
4.1%
Rental & Leasing Services
3.7%
Aerospace & Defense
3.5%
Electrical Equipment & Parts
3.1%
Utilities - Diversified
3.1%
Scientific & Technical Instruments
2.5%
Tools & Accessories
1.8%
PAVE overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| IWM | iShares Russell 2000 ETF | 3.5% | 38 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 2.9% | 97 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 2.6% | 26 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.7% | 2 of 101 | 0.17% |
| VXUS | Vanguard Total International Stock ETF | 0.3% | 9 of 8,035 | 0.05% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the PAVE portfolio
Global X U.S. Infrastructure Development ETF holds 99 positions. The ten largest make up 33.4% of the fund and the top 50 84.3%, so it behaves like a portfolio of about 48 equally weighted stocks. The biggest positions are Emerson Electric Co. (3.84%), Fastenal Company (3.78%), Deere & Company (3.45%), Nucor Corporation (3.44%), Union Pacific Corporation (3.23%).
By sector, Industrials is 72.4%, Basic Materials is 20.1%, Utilities is 3.9%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: PAVE chart, PAVE performance, PAVE dividends, PAVE valuation, PAVE overview.
PAVE holdings FAQ
How many holdings does PAVE have?
PAVE holds 99 positions as of October 25, 2026.
What are the top 10 holdings of PAVE?
The ten largest holdings are Emerson Electric Co. (3.84%), Fastenal Company (3.78%), Deere & Company (3.45%), Nucor Corporation (3.44%), Union Pacific Corporation (3.23%), Norfolk Southern Corporation (3.20%), Rockwell Automation, Inc. (3.15%), CSX Corporation (3.11%), United Rentals, Inc. (3.11%), Parker-Hannifin Corporation (3.11%). Together they are 33.4% of the fund.
What percentage of PAVE is Emerson Electric Co.?
Emerson Electric Co. is the largest holding at 3.84% of net assets, about $513.1M of the fund's $13.35B.
Which sector is the largest in PAVE?
Industrials is the largest sector at 72.4%, followed by Basic Materials (20.1%) and Utilities (3.9%), based on the sectors of the individual holdings.
How concentrated is PAVE?
The top 10 holdings are 33.4% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) PAVE behaves like a portfolio of about 48 equally weighted stocks.