PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.8% | |||||
Common Stocks | |||||
Aerospace & Defense 2.7% | |||||
Arconic, Inc. | 158,200 | $4,867,814 | |||
General Dynamics Corp. | 22,500 | 3,967,875 | |||
8,835,689 | |||||
Banks 3.1% | |||||
Bancorp, Inc. (The)* | 12,000 | 155,640 | |||
Bank of America Corp. | 70,900 | 2,497,098 | |||
Citigroup, Inc.(u) | 76,900 | 6,143,541 | |||
Midland States Bancorp, Inc. | 12,400 | 359,104 | |||
OFG Bancorp (Puerto Rico) | 21,400 | 505,254 | |||
Popular, Inc. (Puerto Rico) | 6,300 | 370,125 | |||
QCR Holdings, Inc. | 3,300 | 144,738 | |||
10,175,500 | |||||
Beverages 1.4% | |||||
Keurig Dr. Pepper, Inc. | 160,600 | 4,649,370 | |||
Biotechnology 6.3% | |||||
Alexion Pharmaceuticals, Inc.* | 44,600 | 4,823,490 | |||
Biogen, Inc.* | 17,600 | 5,222,448 | |||
Gilead Sciences, Inc. | 15,200 | 987,696 | |||
Incyte Corp.* | 54,200 | 4,732,744 | |||
Regeneron Pharmaceuticals, Inc.* | 500 | 187,740 | |||
Vertex Pharmaceuticals, Inc.* | 20,700 | 4,532,265 | |||
20,486,383 | |||||
Building Products 0.6% | |||||
American Woodmark Corp.* | 11,700 | 1,222,767 | |||
Universal Forest Products, Inc. | 14,500 | 691,650 | |||
1,914,417 | |||||
Capital Markets 0.8% | |||||
Affiliated Managers Group, Inc. | 15,100 | 1,279,574 | |||
Brightsphere Investment Group, Inc. | 33,200 | 339,304 | |||
Donnelley Financial Solutions, Inc.* | 23,100 | 241,857 | |||
Goldman Sachs Group, Inc. (The) | 3,200 | 735,776 | |||
2,596,511 |
1
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Chemicals 2.3% | |||||
CF Industries Holdings, Inc. | 28,900 | $1,379,686 | |||
Huntsman Corp. | 165,300 | 3,993,648 | |||
Koppers Holdings, Inc.* | 30,000 | 1,146,600 | |||
Sherwin-Williams Co. (The) | 900 | 525,186 | |||
Westlake Chemical Corp. | 4,100 | 287,615 | |||
7,332,735 | |||||
Commercial Services & Supplies 1.0% | |||||
Knoll, Inc. | 44,200 | 1,116,492 | |||
Steelcase, Inc. (Class A Stock) | 105,700 | 2,162,622 | |||
3,279,114 | |||||
Communications Equipment 0.0% | |||||
Extreme Networks, Inc.* | 1,800 | 13,266 | |||
Construction & Engineering 0.9% | |||||
EMCOR Group, Inc. | 32,700 | 2,822,010 | |||
Construction Materials 1.0% | |||||
Martin Marietta Materials, Inc. | 11,300 | 3,159,932 | |||
Vulcan Materials Co. | 300 | 43,197 | |||
3,203,129 | |||||
Consumer Finance 0.0% | |||||
Capital One Financial Corp. | 300 | 30,873 | |||
OneMain Holdings, Inc. | 200 | 8,430 | |||
39,303 | |||||
Distributors 1.0% | |||||
LKQ Corp.* | 94,900 | 3,387,930 | |||
Diversified Consumer Services 0.2% | |||||
Carriage Services, Inc. | 21,800 | 558,080 | |||
Diversified Financial Services 1.2% | |||||
Cannae Holdings, Inc.* | 20,000 | 743,800 | |||
FGL Holdings | 45,300 | 482,445 | |||
Jefferies Financial Group, Inc. | 128,700 | 2,750,319 | |||
3,976,564 |
2
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Diversified Telecommunication Services 2.8% | |||||
AT&T, Inc. | 127,700 | $4,990,517 | |||
Verizon Communications, Inc. | 65,100 | 3,997,140 | |||
8,987,657 | |||||
Electrical Equipment 1.0% | |||||
Atkore International Group, Inc.* | 76,200 | 3,083,052 | |||
Electronic Equipment, Instruments & Components 4.0% | |||||
CDW Corp. | 35,900 | 5,127,956 | |||
Itron, Inc.* | 43,800 | 3,677,010 | |||
PC Connection, Inc. | 7,100 | 352,586 | |||
SYNNEX Corp. | 29,300 | 3,773,840 | |||
12,931,392 | |||||
Energy Equipment & Services 0.0% | |||||
Matrix Service Co.* | 6,100 | 139,568 | |||
Entertainment 0.5% | |||||
Lions Gate Entertainment Corp. (Class B Stock)* | 86,000 | 853,980 | |||
Take-Two Interactive Software, Inc.* | 5,500 | 673,365 | |||
�� | 1,527,345 | ||||
Equity Real Estate Investment Trusts (REITs) 2.0% | |||||
Columbia Property Trust, Inc. | 101,300 | 2,118,183 | |||
Franklin Street Properties Corp. | 39,800 | 340,688 | |||
GEO Group, Inc. (The) | 2,400 | 39,864 | |||
Paramount Group, Inc. | 14,000 | 194,880 | |||
Ryman Hospitality Properties, Inc. | 44,400 | 3,847,704 | |||
6,541,319 | |||||
Food Products 3.3% | |||||
Bunge Ltd. | 66,500 | 3,827,075 | |||
Pilgrim’s Pride Corp.* | 103,500 | 3,386,002 | |||
Tyson Foods, Inc. (Class A Stock) | 38,300 | 3,486,832 | |||
10,699,909 | |||||
Gas Utilities 1.1% | |||||
UGI Corp. | 76,200 | 3,441,192 |
3
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Health Care Equipment & Supplies 5.3% | |||||
AngioDynamics, Inc.* | 46,300 | $741,263 | |||
DENTSPLY SIRONA, Inc. | 56,800 | 3,214,312 | |||
Edwards Lifesciences Corp.* | 16,800 | 3,919,272 | |||
Hologic, Inc.* | 33,100 | 1,728,151 | |||
Integer Holdings Corp.* | 20,000 | 1,608,600 | |||
Medtronic PLC | 7,900 | 896,255 | |||
Natus Medical, Inc.* | 4,400 | 145,156 | |||
STERIS PLC | 24,400 | 3,719,048 | |||
Zimmer Biomet Holdings, Inc. | 9,100 | 1,362,088 | |||
17,334,145 | |||||
Health Care Providers & Services 3.5% | |||||
AmerisourceBergen Corp. | 11,200 | 952,224 | |||
Anthem, Inc. | 12,600 | 3,805,578 | |||
Cigna Corp. | 16,600 | 3,394,534 | |||
CVS Health Corp. | 34,000 | 2,525,860 | |||
HCA Healthcare, Inc. | 4,400 | 650,364 | |||
11,328,560 | |||||
Health Care Technology 0.5% | |||||
Allscripts Healthcare Solutions, Inc.* | 139,100 | 1,365,266 | |||
Simulations Plus, Inc. | 6,300 | 183,141 | |||
1,548,407 | |||||
Hotels, Restaurants & Leisure 1.0% | |||||
Extended Stay America, Inc., UTS | 29,400 | 436,884 | |||
Starbucks Corp. | 30,200 | 2,655,184 | |||
3,092,068 | |||||
Household Durables 1.5% | |||||
Cavco Industries, Inc.* | 5,800 | 1,133,204 | |||
M/I Homes, Inc.* | 56,300 | 2,215,405 | |||
Meritage Homes Corp.* | 26,400 | 1,613,304 | |||
4,961,913 | |||||
Independent Power & Renewable Electricity Producers 2.5% | |||||
NRG Energy, Inc. | 121,600 | 4,833,600 | |||
Vistra Energy Corp. | 138,200 | 3,177,218 | |||
8,010,818 |
4
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Industrial Conglomerates 1.7% | |||||
General Electric Co.(u) | 480,400 | $5,361,264 | |||
Insurance 2.7% | |||||
American Equity Investment Life Holding Co. | 54,800 | 1,640,164 | |||
American International Group, Inc. | 69,200 | 3,552,036 | |||
MetLife, Inc. | 70,000 | 3,567,900 | |||
8,760,100 | |||||
Interactive Media & Services 3.0% | |||||
Alphabet, Inc. (Class A Stock)* | 600 | 803,634 | |||
Alphabet, Inc. (Class C Stock)* | 362 | 484,001 | |||
Cars.com, Inc.* | 14,400 | 175,968 | |||
Facebook, Inc. (Class A Stock)*(u) | 38,400 | 7,881,600 | |||
Liberty TripAdvisor Holdings, Inc. (Class A Stock)* | 73,900 | 543,165 | |||
9,888,368 | |||||
Internet & Direct Marketing Retail 0.9% | |||||
1-800-Flowers.com, Inc. (Class A Stock)* | 200 | 2,900 | |||
Amazon.com, Inc.* | 500 | 923,920 | |||
Qurate Retail, Inc. Series A* | 229,600 | 1,935,528 | |||
2,862,348 | |||||
IT Services 4.2% | |||||
CACI International, Inc. (Class A Stock)* | 2,700 | 674,973 | |||
Cognizant Technology Solutions Corp. (Class A Stock) | 3,500 | 217,070 | |||
EPAM Systems, Inc.* | 1,800 | 381,888 | |||
FleetCor Technologies, Inc.* | 10,800 | 3,107,376 | |||
Hackett Group, Inc. (The) | 16,400 | 264,696 | |||
International Business Machines Corp. | 1,600 | 214,464 | |||
Leidos Holdings, Inc. | 43,800 | 4,287,582 | |||
Perspecta, Inc. | 102,200 | 2,702,168 | |||
TTEC Holdings, Inc. | 5,600 | 221,872 | |||
Virtusa Corp.* | 33,800 | 1,532,154 | |||
13,604,243 | |||||
Life Sciences Tools & Services 1.3% | |||||
Charles River Laboratories International, Inc.* | 5,400 | 824,904 | |||
IQVIA Holdings, Inc.* | 21,400 | 3,306,514 | |||
4,131,418 |
5
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Machinery 2.2% | |||||
Gates Industrial Corp. PLC* | 70,000 | $963,200 | |||
Oshkosh Corp. | 53,000 | 5,016,450 | |||
SPX Corp.* | 11,700 | 595,296 | |||
Wabash National Corp. | 34,900 | 512,681 | |||
7,087,627 | |||||
Media 1.9% | |||||
Discovery, Inc. (Class C Stock)* | 164,900 | 5,027,801 | |||
ViacomCBS, Inc. (Class B Stock) | 24,148 | 1,013,492 | |||
6,041,293 | |||||
Metals & Mining 0.0% | |||||
Steel Dynamics, Inc. | 600 | 20,424 | |||
Mortgage Real Estate Investment Trusts (REITs) 0.5% | |||||
Colony Credit Real Estate, Inc. | 89,700 | 1,180,452 | |||
Western Asset Mortgage Capital Corp. | 45,300 | 467,949 | |||
1,648,401 | |||||
Multiline Retail 0.3% | |||||
Big Lots, Inc. | 28,800 | 827,136 | |||
Multi-Utilities 0.6% | |||||
MDU Resources Group, Inc. | 70,800 | 2,103,468 | |||
Oil, Gas & Consumable Fuels 1.0% | |||||
Ardmore Shipping Corp. (Ireland)* | 19,100 | 172,855 | |||
Nordic American Tankers Ltd. | 51,000 | 250,920 | |||
Valero Energy Corp. | 2,500 | 234,125 | |||
World Fuel Services Corp. | 59,400 | 2,579,148 | |||
3,237,048 | |||||
Personal Products 0.8% | |||||
Coty, Inc. (Class A Stock) | 237,300 | 2,669,625 | |||
Pharmaceuticals 1.9% | |||||
Bristol-Myers Squibb Co. | 67,500 | 4,332,825 | |||
Horizon Therapeutics PLC* | 54,400 | 1,969,280 | |||
6,302,105 |
6
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Professional Services 0.5% | |||||
Barrett Business Services, Inc. | 7,800 | $705,588 | |||
Kforce, Inc. | 24,500 | 972,650 | |||
1,678,238 | |||||
Real Estate Management & Development 0.4% | |||||
Newmark Group, Inc. (Class A Stock) | 102,500 | 1,379,138 | |||
Semiconductors & Semiconductor Equipment 4.0% | |||||
Amkor Technology, Inc.* | 127,800 | 1,661,400 | |||
Applied Materials, Inc. | 63,700 | 3,888,248 | |||
Intel Corp. | 74,600 | 4,464,810 | |||
NeoPhotonics Corp.* | 31,500 | 277,830 | |||
QUALCOMM, Inc. | 18,700 | 1,649,901 | |||
Ultra Clean Holdings, Inc.* | 45,400 | 1,065,538 | |||
13,007,727 | |||||
Software 12.0% | |||||
CDK Global, Inc. | 12,200 | 667,096 | |||
Cerence, Inc.* | 287 | 6,495 | |||
Fortinet, Inc.* | 8,700 | 928,812 | |||
Intuit, Inc. | 18,600 | 4,871,898 | |||
LogMeIn, Inc. | 57,400 | 4,921,476 | |||
Microsoft Corp.(u) | 74,200 | 11,701,340 | |||
Oracle Corp. | 99,600 | 5,276,808 | |||
Progress Software Corp. | 45,000 | 1,869,750 | |||
SS&C Technologies Holdings, Inc. | 68,300 | 4,193,620 | |||
Synopsys, Inc.* | 25,200 | 3,507,840 | |||
TiVo Corp. | 118,600 | 1,005,728 | |||
38,950,863 | |||||
Specialty Retail 0.6% | |||||
Conn’s, Inc.* | 600 | 7,434 | |||
Sonic Automotive, Inc. (Class A Stock) | 59,900 | 1,856,900 | |||
1,864,334 | |||||
Technology Hardware, Storage & Peripherals 4.5% | |||||
Apple, Inc.(u) | 40,200 | 11,804,730 | |||
Dell Technologies, Inc. (Class C Stock)* | 45,700 | 2,348,523 |
7
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Technology Hardware, Storage & Peripherals (cont’d.) | |||||
Diebold Nixdorf, Inc.* | 21,600 | $228,096 | |||
Xerox Holdings Corp. | 4,700 | 173,289 | |||
14,554,638 | |||||
Thrifts & Mortgage Finance 0.1% | |||||
Flagstar Bancorp, Inc. | 10,600 | 405,450 | |||
Tobacco 0.8% | |||||
Altria Group, Inc. | 52,200 | 2,605,302 | |||
Trading Companies & Distributors 2.2% | |||||
BMC Stock Holdings, Inc.* | 99,200 | 2,846,048 | |||
GMS, Inc.* | 109,900 | 2,976,092 | |||
Herc Holdings, Inc.* | 27,500 | 1,345,850 | |||
7,167,990 | |||||
Water Utilities 0.2% | |||||
SJW Group | 7,000 | 497,420 | |||
Total Long-Term Investments (cost $280,309,197) | 323,553,314 | ||||
Short-Term Investments 0.8% | |||||
Affiliated Mutual Fund 0.7% | |||||
PGIM Core Ultra Short Bond Fund (cost $2,201,461)(w) | 2,201,461 | 2,201,461 |
Interest Rate | Maturity Date | Principal Amount (000)# | ||||||
U.S. Treasury Obligation(k)(n) 0.1% | ||||||||
U.S. Treasury Bills (cost $398,681) | 1.528 % | 03/19/20 | 400 | 398,733 | ||||
Total Short-Term Investments (cost $2,600,142) | 2,600,194 | |||||||
TOTAL INVESTMENTS, BEFORE SECURITIES SOLD SHORT (cost $282,909,339) | 326,153,508 |
8
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Securities Sold Short (51.1)% | |||||
Common Stocks | |||||
Aerospace & Defense (2.1)% | |||||
AeroVironment, Inc.* | 13,400 | $(827,316) | |||
Boeing Co. (The) | 5,500 | (1,791,680) | |||
Kratos Defense & Security Solutions, Inc.* | 58,000 | (1,044,580) | |||
L3Harris Technologies, Inc. | 15,300 | (3,027,411) | |||
(6,690,987) | |||||
Auto Components (0.6)% | |||||
Dorman Products, Inc.* | 22,400 | (1,696,128) | |||
Motorcar Parts of America, Inc.* | 16,400 | (361,292) | |||
(2,057,420) | |||||
Banks (2.1)% | |||||
Commerce Bancshares, Inc. | 44,100 | (2,996,154) | |||
Cullen/Frost Bankers, Inc. | 39,300 | (3,842,754) | |||
(6,838,908) | |||||
Biotechnology (3.5)% | |||||
Agios Pharmaceuticals, Inc.* | 4,900 | (233,975) | |||
Alector, Inc.* | 31,400 | (541,022) | |||
Allakos, Inc.* | 300 | (28,608) | |||
Atara Biotherapeutics, Inc.* | 31,200 | (513,864) | |||
BioCryst Pharmaceuticals, Inc.* | 58,400 | (201,480) | |||
Constellation Pharmaceuticals, Inc.* | 19,800 | (932,778) | |||
Epizyme, Inc.* | 37,400 | (920,040) | |||
Fate Therapeutics, Inc.* | 34,800 | (681,036) | |||
Heron Therapeutics, Inc.* | 400 | (9,400) | |||
Insmed, Inc.* | 40,900 | (976,692) | |||
Momenta Pharmaceuticals, Inc.* | 45,900 | (905,607) | |||
Myriad Genetics, Inc.* | 17,400 | (473,802) | |||
Sarepta Therapeutics, Inc.* | 35,900 | (4,632,536) | |||
Stemline Therapeutics, Inc.* | 26,300 | (279,569) | |||
(11,330,409) | |||||
Building Products (1.4)% | |||||
AAON, Inc. | 11,400 | (563,275) | |||
Lennox International, Inc. | 16,500 | (4,025,505) | |||
(4,588,780) |
9
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Capital Markets (0.2)% | |||||
Hamilton Lane, Inc. (Class A Stock) | 9,000 | $(536,400) | |||
Chemicals (2.5)% | |||||
GCP Applied Technologies, Inc.* | 7,500 | (170,325) | |||
International Flavors & Fragrances, Inc. | 34,500 | (4,451,190) | |||
Quaker Chemical Corp. | 9,000 | (1,480,680) | |||
Sensient Technologies Corp. | 31,700 | (2,095,053) | |||
(8,197,248) | |||||
Commercial Services & Supplies (1.0)% | |||||
Stericycle, Inc.* | 50,700 | (3,235,167) | |||
Communications Equipment (1.5)% | |||||
Lumentum Holdings, Inc.* | 55,100 | (4,369,430) | |||
Plantronics, Inc. | 21,700 | (593,278) | |||
(4,962,708) | |||||
Construction & Engineering (0.0)% | |||||
Argan, Inc. | 1,800 | (72,252) | |||
Diversified Consumer Services (0.2)% | |||||
OneSpaWorld Holdings Ltd. (Bahamas)* | 33,500 | (564,140) | |||
Electric Utilities (1.0)% | |||||
Alliant Energy Corp. | 58,400 | (3,195,648) | |||
Electronic Equipment, Instruments & Components (2.6)% | |||||
Cognex Corp. | 5,900 | (330,636) | |||
FARO Technologies, Inc.* | 10,600 | (533,710) | |||
FLIR Systems, Inc. | 66,600 | (3,467,862) | |||
II-VI, Inc.* | 41,100 | (1,383,837) | |||
Littelfuse, Inc. | 7,600 | (1,453,880) | |||
Napco Security Technologies, Inc.* | 10,400 | (305,656) | |||
nLight, Inc.* | 27,600 | (559,728) | |||
Novanta, Inc.* | 4,300 | (380,292) | |||
(8,415,601) | |||||
Entertainment (1.5)% | |||||
Roku, Inc.* | 30,800 | (4,124,120) | |||
World Wrestling Entertainment, Inc. (Class A Stock) | 9,900 | (642,213) | |||
(4,766,333) |
10
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Equity Real Estate Investment Trusts (REITs) (1.4)% | |||||
Americold Realty Trust | 126,000 | $(4,417,560) | |||
Food & Staples Retailing (0.2)% | |||||
Chefs’ Warehouse, Inc. (The)* | 16,500 | (628,815) | |||
Food Products (0.7)% | |||||
Cal-Maine Foods, Inc. | 23,100 | (987,525) | |||
Freshpet, Inc.* | 19,600 | (1,158,164) | |||
(2,145,689) | |||||
Health Care Equipment & Supplies (2.6)% | |||||
Axonics Modulation Technologies, Inc.* | 15,700 | (435,047) | |||
BioLife Solutions, Inc.* | 11,000 | (177,980) | |||
iRhythm Technologies, Inc.* | 21,600 | (1,470,744) | |||
Nevro Corp.* | 5,000 | (587,700) | |||
OrthoPediatrics Corp.* | 10,500 | (493,395) | |||
Penumbra, Inc.* | 20,000 | (3,285,400) | |||
Sientra, Inc.* | 30,700 | (274,458) | |||
Tandem Diabetes Care, Inc.* | 23,300 | (1,388,913) | |||
ViewRay, Inc.* | 60,500 | (255,310) | |||
(8,368,947) | |||||
Health Care Providers & Services (1.8)% | |||||
Addus HomeCare Corp.* | 8,300 | (806,926) | |||
BioTelemetry, Inc.* | 12,100 | (560,230) | |||
Guardant Health, Inc.* | 51,400 | (4,016,396) | |||
Joint Corp. (The)* | 6,400 | (103,296) | |||
PetIQ, Inc.* | 19,400 | (485,970) | |||
(5,972,818) | |||||
Health Care Technology (0.8)% | |||||
Inspire Medical Systems, Inc.* | 19,300 | (1,432,253) | |||
Tabula Rasa HealthCare, Inc.* | 16,100 | (783,748) | |||
Vocera Communications, Inc.* | 25,800 | (535,608) | |||
(2,751,609) | |||||
Hotels, Restaurants & Leisure (0.3)% | |||||
Noodles & Co.* | 25,100 | (139,054) | |||
Shake Shack, Inc. (Class A Stock)* | 16,100 | (959,077) | |||
(1,098,131) |
11
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Household Durables (0.0)% | |||||
Lovesac Co. (The)* | 8,200 | $(131,610) | |||
Independent Power & Renewable Electricity Producers (0.5)% | |||||
Pattern Energy Group, Inc. (Class A Stock) | 49,500 | (1,324,372) | |||
TerraForm Power, Inc. (Class A Stock) | 16,500 | (253,935) | |||
(1,578,307) | |||||
Insurance (1.8)% | |||||
Arthur J Gallagher & Co. | 44,900 | (4,275,827) | |||
eHealth, Inc.* | 15,800 | (1,518,064) | |||
(5,793,891) | |||||
Interactive Media & Services (0.6)% | |||||
Cargurus, Inc.* | 50,900 | (1,790,662) | |||
Internet & Direct Marketing Retail (0.7)% | |||||
Grubhub, Inc.* | 49,200 | (2,393,088) | |||
IT Services (3.5)% | |||||
MongoDB, Inc.* | 21,100 | (2,776,971) | |||
Okta, Inc.* | 37,200 | (4,291,764) | |||
Square, Inc. (Class A Stock)* | 66,400 | (4,153,984) | |||
(11,222,719) | |||||
Leisure Products (0.1)% | |||||
Clarus Corp. | 13,700 | (185,772) | |||
Life Sciences Tools & Services (0.4)% | |||||
Codexis, Inc.* | 41,500 | (663,585) | |||
NanoString Technologies, Inc.* | 19,300 | (536,926) | |||
(1,200,511) | |||||
Machinery (1.9)% | |||||
Actuant Corp. (Class A Stock) | 29,100 | (757,473) | |||
Deere & Co. | 600 | (103,956) | |||
Helios Technologies, Inc. | 11,800 | (545,514) | |||
Lindsay Corp. | 8,100 | (777,519) | |||
RBC Bearings, Inc.* | 1,000 | (158,340) | |||
Toro Co. (The) | 8,500 | (677,195) |
12
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Machinery (cont’d.) | |||||
Westinghouse Air Brake Technologies Corp. | 500 | $(38,900) | |||
Xylem, Inc. | 41,400 | (3,261,906) | |||
(6,320,803) | |||||
Marine (0.1)% | |||||
Kirby Corp.* | 4,300 | (384,979) | |||
Media (0.9)% | |||||
Cardlytics, Inc.* | 13,300 | (836,038) | |||
New York Times Co. (The) (Class A Stock) | 69,900 | (2,248,683) | |||
(3,084,721) | |||||
Metals & Mining (1.0)% | |||||
Newmont Goldcorp Corp. | 71,700 | (3,115,365) | |||
Multi-Utilities (0.2)% | |||||
WEC Energy Group, Inc. | 6,600 | (608,718) | |||
Oil, Gas & Consumable Fuels (1.0)% | |||||
Cimarex Energy Co. | 59,600 | (3,128,404) | |||
Pharmaceuticals (0.9)% | |||||
Aerie Pharmaceuticals, Inc.* | 22,200 | (536,574) | |||
Dermira, Inc.* | 39,800 | (603,368) | |||
Nektar Therapeutics* | 83,100 | (1,793,713) | |||
WaVe Life Sciences Ltd.* | 8,300 | (66,525) | |||
(3,000,180) | |||||
Professional Services (0.3)% | |||||
Upwork, Inc.* | 61,200 | (653,004) | |||
Willdan Group, Inc.* | 5,600 | (177,968) | |||
(830,972) | |||||
Semiconductors & Semiconductor Equipment (0.1)% | |||||
Advanced Micro Devices, Inc.* | 4,000 | (183,440) | |||
Impinj, Inc.* | 10,400 | (268,944) | |||
(452,384) | |||||
Software (6.5)% | |||||
Alteryx, Inc. (Class A Stock)* | 27,200 | (2,721,904) |
13
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks(Continued) | |||||
Software (cont’d.) | |||||
Appfolio, Inc. (Class A Stock)* | 8,400 | $(923,580) | |||
Coupa Software, Inc.* | 32,500 | (4,753,125) | |||
Everbridge, Inc.* | 14,800 | (1,155,584) | |||
Guidewire Software, Inc.* | 14,100 | (1,547,757) | |||
Instructure, Inc.* | 19,700 | (949,737) | |||
LivePerson, Inc.* | 17,200 | (636,400) | |||
Q2 Holdings, Inc.* | 35,600 | (2,886,448) | |||
SailPoint Technologies Holding, Inc.* | 35,600 | (840,160) | |||
Smartsheet, Inc. (Class A Stock)* | 46,300 | (2,079,796) | |||
Trade Desk, Inc. (The) (Class A Stock)* | 5,800 | (1,506,724) | |||
Varonis Systems, Inc.* | 14,700 | (1,142,337) | |||
(21,143,552) | |||||
Specialty Retail (0.8)% | |||||
Advance Auto Parts, Inc. | 500 | (80,080) | |||
Five Below, Inc.* | 20,700 | (2,646,702) | |||
(2,726,782) | |||||
Technology Hardware, Storage & Peripherals (0.9)% | |||||
Immersion Corp.* | 17,900 | (132,997) | |||
Pure Storage, Inc. (Class A Stock)* | 154,300 | (2,640,073) | |||
(2,773,070) | |||||
Thrifts & Mortgage Finance (0.0)% | |||||
LendingTree, Inc.* | 500 | (151,720) | |||
Trading Companies & Distributors (0.8)% | |||||
SiteOne Landscape Supply, Inc.* | 28,000 | (2,538,200) | |||
Wireless Telecommunication Services (0.1)% | |||||
Boingo Wireless, Inc.* | 21,200 | (232,140) | |||
Total Securities Sold Short (proceeds received $156,731,713) | (165,624,120) | ||||
TOTAL INVESTMENTS, NET OF SECURITIES SOLD SHORT 49.5% (cost $126,177,626) | 160,529,388 | ||||
Other assets in excess of liabilities(z) 50.5% | 163,602,423 | ||||
Net Assets 100.0% | $324,131,811 |
14
PGIM QMA Long-Short Equity Fund
Schedule of Investments as of December 31, 2019 (unaudited) (continued)
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
REITs—Real Estate Investment Trust | |
S&P—Standard & Poor’s | |
UTS—Unit Trust Security |
* | Non-income producing security. |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
(n) | Rate shown reflects yield to maturity at purchased date. |
(u) | Represents security, or a portion thereof, segregated as collateral for short sales. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at December 31, 2019: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Position: | ||||||||
8 | S&P 500 E-Mini Index | Mar. 2020 | $1,292,440 | $13,208 |
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
15