PGIM US Large-Cap Buffer 20 ETF April
PBAP
13 hedge funds and large institutions have $16.1M invested in PGIM US Large-Cap Buffer 20 ETF April in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 7 reducing their positions, and 3 closing their positions.
10% more capital invested
Capital invested by funds: $14.6M → $16.1M (+$1.48M)
9.69% more ownership
Funds ownership: 68.4% → 78.09% (+9.7%)
7% less funds holding
Funds holding: 14 → 13 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
86% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$1.65M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$445K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$410K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$223K |
| 4 |
AAM
American Asset Management
Boca Raton,
Florida
|
-$160K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$143K |
PBAP Hedge Fund Activity: Q4 2025 in Review
13 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in PGIM US Large-Cap Buffer 20 ETF April (PBAP) for Q4 2025, worth a combined $16.1M — up 10% from $14.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PBAP and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 1 added.
The largest buyer was Prudential Financial, adding an estimated $1.65M. The largest seller was Spire Wealth Management, cutting an estimated $445K.
- 13 institutional investors held PGIM US Large-Cap Buffer 20 ETF April (PBAP) as of Q4 2025, down from 14 in Q3 2025.
- Funds reported $16.1M of PGIM US Large-Cap Buffer 20 ETF April stock for Q4 2025, up 10% quarter-over-quarter.
- 2 funds opened new PGIM US Large-Cap Buffer 20 ETF April positions in Q4 2025 and 3 closed out, a net change of -1 holder.
- The largest PGIM US Large-Cap Buffer 20 ETF April buyer in Q4 2025 was Prudential Financial, an estimated $1.65M added.
- The largest PGIM US Large-Cap Buffer 20 ETF April seller in Q4 2025 was Spire Wealth Management, an estimated $445K sold.
Based on aggregated 13F filings for Q4 2025.