PGIM US Large-Cap Buffer 20 ETF - December
PBDE
21 hedge funds and large institutions have $26.8M invested in PGIM US Large-Cap Buffer 20 ETF - December in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
59% more capital invested
Capital invested by funds: $16.9M → $26.8M (+$9.89M)
40% more funds holding
Funds holding: 15 → 21 (+6)
17.17% more ownership
Funds ownership: 71.83% → 89% (+17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
+$2.82M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$1.5M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.13M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$942K |
| 5 |
JSA
Jim Saulnier & Associates
Fort Collins,
Colorado
|
+$510K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$809K |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$472K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$164K |
PBDE Hedge Fund Activity: Q4 2025 in Review
21 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in PGIM US Large-Cap Buffer 20 ETF - December (PBDE) for Q4 2025, worth a combined $26.8M — up 59% from $16.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PBDE positions and 1 closed out — a net gain of 6 holders — while 8 added to existing stakes and 2 trimmed.
The largest buyer was Spire Wealth Management, opening a new position worth an estimated $2.82M. The largest seller was Old Mission Capital, exiting entirely with an estimated $809K sold.
- 21 institutional investors held PGIM US Large-Cap Buffer 20 ETF - December (PBDE) as of Q4 2025, up from 15 in Q3 2025.
- Funds reported $26.8M of PGIM US Large-Cap Buffer 20 ETF - December stock for Q4 2025, up 59% quarter-over-quarter.
- 7 funds opened new PGIM US Large-Cap Buffer 20 ETF - December positions in Q4 2025 and 1 closed out, a net change of +6 holders.
- The largest PGIM US Large-Cap Buffer 20 ETF - December buyer in Q4 2025 was Spire Wealth Management, an estimated $2.82M added.
- The largest PGIM US Large-Cap Buffer 20 ETF - December seller in Q4 2025 was Old Mission Capital, an estimated $809K sold.
Based on aggregated 13F filings for Q4 2025.