PGIM Active High Yield Bond ETF
PHYL
98 hedge funds and large institutions have $400M invested in PGIM Active High Yield Bond ETF in 2025 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 59 increasing their positions, 18 reducing their positions, and 7 closing their positions.
228% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 18
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
30% more capital invested
Capital invested by funds: $308M → $400M (+$91.4M)
7% more funds holding
Funds holding: 92 → 98 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9.35% less ownership
Funds ownership: 100.46% → 91.12% (-9.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$59.4M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$9.76M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.15M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.85M |
| 5 |
CAL
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
+$6.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$10.7M |
| 2 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$8.5M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$8.16M |
| 4 |
SAW
Signal Advisors Wealth
Detroit,
Michigan
|
-$5.6M |
| 5 |
Jane Street
New York
|
-$592K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$390K | -10,998 | Closed |
|
|
KFA
102
Kelleher Financial Advisors
New York
| – | -$251K | -7,072 | Closed |
|
|
KW
103
KWB Wealth
Redlands,
California
| – | -$233K | -6,702 | Closed |
|
|
TC
104
TownSquare Capital
Provo,
Utah
| – | -$235K | -6,610 | Closed |
|
105
UBS Group
Zurich,
Switzerland
| – | -$355 | -10 | Closed |
|
PHYL Hedge Fund Activity: Q3 2025 in Review
98 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in PGIM Active High Yield Bond ETF (PHYL) for Q3 2025, worth a combined $400M — up 30% from $308M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PHYL positions and 7 closed out — a net gain of 9 holders — while 59 added to existing stakes and 18 trimmed.
The largest buyer was Prudential Financial, adding an estimated $59.4M. The largest seller was Vestmark Advisory Solutions, cutting an estimated $10.7M.
- 98 institutional investors held PGIM Active High Yield Bond ETF (PHYL) as of Q3 2025, up from 92 in Q2 2025.
- Funds reported $400M of PGIM Active High Yield Bond ETF stock for Q3 2025, up 30% quarter-over-quarter.
- 16 funds opened new PGIM Active High Yield Bond ETF positions in Q3 2025 and 7 closed out, a net change of +9 holders.
- The largest PGIM Active High Yield Bond ETF buyer in Q3 2025 was Prudential Financial, an estimated $59.4M added.
- The largest PGIM Active High Yield Bond ETF seller in Q3 2025 was Vestmark Advisory Solutions, an estimated $10.7M sold.
Based on aggregated 13F filings for Q3 2025.