PGIM US Large-Cap Buffer 20 ETF

PBAU • BATS

PGIM US Large-Cap Buffer 20 ETF is an exchange-traded fund on BATS. As of Q3 2025, 12 institutional investors hold shares in this ETF, with total holdings valued at $15.1M. PRUDENTIAL FINANCIAL INC is the largest holder with a position valued at $5.3M.

Overview

Overview of institutional ownership in PBAU as of Q3 2025

All Institutions

Institutions: 12
Value Held: $15.1M
Shares Held: 512.3K
Avg Position: $1.3M
Median Position: $623.9K

Hedge Funds

Hedge Funds: 0
Value Held: -
Shares Held: -
Avg Position: -
Median Position: -

Biggest Investors

Institutions with the largest positions in PBAU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
PRUDENTIAL FINANCIAL INC Institution	Andrew F. Sullivan CEO	$5.3M 0.01% of portfolio	181.6K shares	Q2 2024 Held for 1y 5m	$84.1B
JIM SAULNIER & ASSOCIATES, LLC RIA/Wealth	James Henry Saulnier Managing Partner	$2.8M 1.85% of portfolio	96.5K shares	Q3 2024 Held for 1y 2m	$153.5M
Spire Wealth Management RIA/Wealth	Andrew Jackson Armstrong Managing Partner	$2.3M 0.08% of portfolio	77.5K shares	Q3 2025 Held for 2 months	$2.9B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$1.6M 0.00% of portfolio	52.9K shares	Q2 2025 Held for 5 months	$71.1B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	$1.0M 0.00% of portfolio	35.0K shares	Q3 2024 Held for 1y 2m	$21.7B
American Asset Management Inc. RIA/Wealth	Julian Rubinstein CCO	$835.4K 0.75% of portfolio	28.4K shares	Q3 2025 Held for 2 months	$111.4M
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	Robert Mason Bartenstein CEO	$412.5K 0.01% of portfolio	14.0K shares	Q3 2025 Held for 2 months	$7.6B
W WOLVERINE TRADING, LLC Institution	-	$271.8K 0.01% of portfolio	9.3K shares	Q2 2025 Held for 5 months	$4.9B
Steward Partners Investment Advisory, LLC RIA/Wealth	Jeani Theresa Winterbourne President	$236.9K 0.00% of portfolio	8.1K shares	Q3 2025 Held for 2 months	$17.4B
R ROYAL BANK OF CANADA Institution	-	$137.9K 0.00% of portfolio	4.7K shares	Q4 2024 Held for 11 months	$542.04B

Net Capital Flow

Institutional buying and selling activity for PBAU in Q3 2025

Traded: +$8.3M
Buyers: 10
Sellers: 3
Total Bought: +$8.4M
Total Sold: −$37.6K
Avg Position: $1.2M

Biggest Buyers

Institution	Net Bought	Current Position
Spire Wealth Management RIA/Wealth	+$2.3M +77.5K shares	$2.3M 77.5K shares
JIM SAULNIER & ASSOCIATES, LLC RIA/Wealth	+$2.1M +71.3K shares	$2.8M 96.5K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$1.3M +45.5K shares	$1.6M 52.9K shares
American Asset Management Inc. RIA/Wealth	+$835.4K +28.4K shares	$835.4K 28.4K shares
PRUDENTIAL FINANCIAL INC Institution	+$554.5K +18.8K shares	$5.3M 181.6K shares
Kestra Advisory Services, LLC RIA/Wealth	+$546.2K +18.6K shares	$1.0M 35.0K shares
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	+$412.5K +14.0K shares	$412.5K 14.0K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	+$236.9K +8.1K shares	$236.9K 8.1K shares
DHJJ Financial Advisors, Ltd. RIA/Wealth	+$34.2K +1.2K shares	$95.3K 3.2K shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	+$30.6K +1.0K shares	$30.6K 1.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
R ROYAL BANK OF CANADA Institution	−$19.5K −663.0 shares	$137.9K 4.7K shares
UBS Group AG Institution	−$17.5K −620.0 shares	Sold Off 0 shares
W WOLVERINE TRADING, LLC Institution	−$675.4 −23.0 shares	$271.8K 9.3K shares

Entry and Exit Activity

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

New Positions: 5
New Value: $3.8M
Exited Positions: 1
Exited Value: $17.5K

New Positions

Institution	Position Value
Spire Wealth Management RIA/Wealth	$2.3M 77.5K shares
American Asset Management Inc. RIA/Wealth	$835.4K 28.4K shares
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	$412.5K 14.0K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	$236.9K 8.1K shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	$30.6K 1.0K shares

Exited Positions

Institution	Previous Position
UBS Group AG Institution	$17.5K 620.0 shares

Options Activity

Institutions with the largest Call and Put options positions in PBAU 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 PBAU 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	1.85% $2.8M	96.5K shares	Q3 2024 Held for 1y 2m	$153.5M
American Asset Management Inc. RIA/Wealth	Julian Rubinstein CCO	0.75% $835.4K	28.4K shares	Q3 2025 Held for 2 months	$111.4M
Spire Wealth Management RIA/Wealth	Andrew Jackson Armstrong Managing Partner	0.08% $2.3M	77.5K shares	Q3 2025 Held for 2 months	$2.9B
DHJJ Financial Advisors, Ltd. RIA/Wealth	Terrence John Cicero President	0.03% $95.3K	3.2K shares	Q3 2024 Held for 1y 2m	$291.4M
PRUDENTIAL FINANCIAL INC Institution	Andrew F. Sullivan CEO	0.01% $5.3M	181.6K shares	Q2 2024 Held for 1y 5m	$84.1B
W WOLVERINE TRADING, LLC Institution	-	0.01% $271.8K	9.3K shares	Q2 2025 Held for 5 months	$4.9B
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	Robert Mason Bartenstein CEO	0.01% $412.5K	14.0K shares	Q3 2025 Held for 2 months	$7.6B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	0.00% $1.0M	35.0K shares	Q3 2024 Held for 1y 2m	$21.7B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	0.00% $1.6M	52.9K shares	Q2 2025 Held for 5 months	$71.1B
Steward Partners Investment Advisory, LLC RIA/Wealth	Jeani Theresa Winterbourne President	0.00% $236.9K	8.1K shares	Q3 2025 Held for 2 months	$17.4B