PGIM US Large-Cap Buffer 20 ETF

PBAP • BATS

PGIM US Large-Cap Buffer 20 ETF is an exchange-traded fund on BATS. As of Q3 2025, 14 institutional investors hold shares in this ETF, with total holdings valued at $14.6M. PRUDENTIAL FINANCIAL INC is the largest holder with a position valued at $5.2M.

Overview

Overview of institutional ownership in PBAP as of Q3 2025

All Institutions

Institutions: 14
Value Held: $14.6M
Shares Held: 513.0K
Avg Position: $1.0M
Median Position: $463.7K

Hedge Funds

Hedge Funds: 1
Value Held: $410.4K
Shares Held: 14.4K
Avg Position: $410.4K
Median Position: $410.4K

Biggest Investors

Institutions with the largest positions in PBAP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
PRUDENTIAL FINANCIAL INC Institution	Andrew F. Sullivan CEO	$5.2M 0.01% of portfolio	182.2K shares	Q2 2024 Held for 1y 5m	$84.1B
CENTAURUS FINANCIAL, INC. RIA/Wealth	James Ronald Sr King CEO	$2.5M 0.14% of portfolio	88.3K shares	Q2 2025 Held for 5 months	$1.8B
JIM SAULNIER & ASSOCIATES, LLC RIA/Wealth	James Henry Saulnier Managing Partner	$1.8M 1.15% of portfolio	61.9K shares	Q3 2024 Held for 1y 2m	$153.5M
Spire Wealth Management RIA/Wealth	Andrew Jackson Armstrong Managing Partner	$1.7M 0.06% of portfolio	59.9K shares	Q2 2025 Held for 5 months	$2.9B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$757.8K 0.00% of portfolio	26.7K shares	Q1 2025 Held for 8 months	$71.1B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	$635.7K 0.00% of portfolio	22.4K shares	Q2 2024 Held for 1y 5m	$21.7B
American Asset Management Inc. RIA/Wealth	Julian Rubinstein CCO	$516.9K 0.46% of portfolio	18.2K shares	Q2 2025 Held for 5 months	$111.4M
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$410.4K 0.00% of portfolio	14.4K shares	Q3 2025 Held for 2 months	$122.08B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$340.8K 0.00% of portfolio	12.0K shares	Q2 2024 Held for 1y 5m	$85.4B
DHJJ Financial Advisors, Ltd. RIA/Wealth	Terrence John Cicero President	$291.9K 0.10% of portfolio	10.3K shares	Q3 2024 Held for 1y 2m	$291.4M

Net Capital Flow

Institutional buying and selling activity for PBAP in Q3 2025

Traded: −$1.5M
Buyers: 2
Sellers: 7
Total Bought: +$987.3K
Total Sold: −$2.5M
Avg Position: $1.0M

Biggest Buyers

Institution	Net Bought	Current Position
PRUDENTIAL FINANCIAL INC Institution	+$576.9K +20.3K shares	$5.2M 182.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$410.4K +14.4K shares	$410.4K 14.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
Spire Wealth Management RIA/Wealth	−$1.7M −59.7K shares	$1.7M 59.9K shares
American Asset Management Inc. RIA/Wealth	−$406.1K −14.3K shares	$516.9K 18.2K shares
CENTAURUS FINANCIAL, INC. RIA/Wealth	−$143.3K −5.0K shares	$2.5M 88.3K shares
O OLD MISSION CAPITAL LLC Institution	−$139.5K −4.9K shares	$223.0K 7.8K shares
R ROYAL BANK OF CANADA Institution	−$56.0K −2.0K shares	$142.6K 5.0K shares
Cetera Investment Advisers RIA/Wealth	−$14.9K −523.0 shares	$340.8K 12.0K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$1.4K −51.0 shares	$757.8K 26.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PBAP in Q3 2025

New Positions: 1
New Value: $410.4K
Exited Positions: 0
Exited Value: -

New Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$410.4K 14.4K shares

Exited Positions

Institution	Previous Position
No exited positions found

Options Activity

Institutions with the largest Call and Put options positions in PBAP as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with PBAP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
JIM SAULNIER & ASSOCIATES, LLC RIA/Wealth	James Henry Saulnier Managing Partner	1.15% $1.8M	61.9K shares	Q3 2024 Held for 1y 2m	$153.5M
American Asset Management Inc. RIA/Wealth	Julian Rubinstein CCO	0.46% $516.9K	18.2K shares	Q2 2025 Held for 5 months	$111.4M
CENTAURUS FINANCIAL, INC. RIA/Wealth	James Ronald Sr King CEO	0.14% $2.5M	88.3K shares	Q2 2025 Held for 5 months	$1.8B
DHJJ Financial Advisors, Ltd. RIA/Wealth	Terrence John Cicero President	0.10% $291.9K	10.3K shares	Q3 2024 Held for 1y 2m	$291.4M
Spire Wealth Management RIA/Wealth	Andrew Jackson Armstrong Managing Partner	0.06% $1.7M	59.9K shares	Q2 2025 Held for 5 months	$2.9B
O OLD MISSION CAPITAL LLC Institution	-	0.01% $223.0K	7.8K shares	Q1 2025 Held for 8 months	$2.4B
PRUDENTIAL FINANCIAL INC Institution	Andrew F. Sullivan CEO	0.01% $5.2M	182.2K shares	Q2 2024 Held for 1y 5m	$84.1B
HARBOR INVESTMENT ADVISORY, LLC RIA/Wealth	Fred Cregan Jr Hill President	0.00% $56.8K	2.0K shares	Q2 2025 Held for 5 months	$1.2B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	0.00% $635.7K	22.4K shares	Q2 2024 Held for 1y 5m	$21.7B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	0.00% $757.8K	26.7K shares	Q1 2025 Held for 8 months	$71.1B

Hedge Fund Spotlight

Discover hedge funds investing in PBAP

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in PGIM US Large-Cap Buffer 20 ETF

Market Value: $410.4K
Shares Held: 14.4K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%