PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.4% | |||||
Common Stocks | |||||
Aerospace & Defense 2.4% | |||||
General Dynamics Corp. | 9,400 | $2,130,698 | |||
Howmet Aerospace, Inc. | 96,400 | 3,579,332 | |||
Lockheed Martin Corp. | 9,633 | 3,986,232 | |||
Northrop Grumman Corp. | 900 | 431,010 | |||
Raytheon Technologies Corp. | 38,850 | 3,621,208 | |||
Textron, Inc. | 9,600 | 630,144 | |||
TransDigm Group, Inc.* | 4,400 | 2,738,296 | |||
17,116,920 | |||||
Air Freight & Logistics 0.6% | |||||
FedEx Corp. | 18,800 | 4,382,092 | |||
Airlines 0.5% | |||||
Southwest Airlines Co.* | 104,700 | 3,991,164 | |||
Automobiles 3.2% | |||||
Ford Motor Co. | 342,000 | 5,023,980 | |||
General Motors Co.* | 23,100 | 837,606 | |||
Tesla, Inc.* | 19,900 | 17,739,855 | |||
23,601,441 | |||||
Banks 4.3% | |||||
Bank of America Corp. | 113,800 | 3,847,578 | |||
Citigroup, Inc. | 85,478 | 4,436,308 | |||
Citizens Financial Group, Inc. | 81,300 | 3,086,961 | |||
JPMorgan Chase & Co. | 38,981 | 4,496,848 | |||
M&T Bank Corp. | 5,100 | 904,995 | |||
Truist Financial Corp. | 96,000 | 4,845,120 | |||
U.S. Bancorp | 43,900 | 2,072,080 | |||
Wells Fargo & Co. | 171,900 | 7,541,253 | |||
31,231,143 | |||||
Beverages 2.5% | |||||
Coca-Cola Co. (The) | 138,600 | 8,893,962 | |||
Constellation Brands, Inc. (Class A Stock) | 2,600 | 640,406 | |||
PepsiCo, Inc. | 49,200 | 8,608,032 | |||
18,142,400 |
1
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Biotechnology 2.5% | |||||
AbbVie, Inc. | 40,651 | $5,833,825 | |||
Gilead Sciences, Inc. | 67,872 | 4,055,352 | |||
Moderna, Inc.* | 18,000 | 2,953,620 | |||
Regeneron Pharmaceuticals, Inc.* | 1,700 | 988,873 | |||
Vertex Pharmaceuticals, Inc.* | 16,200 | 4,542,642 | |||
18,374,312 | |||||
Building Products 0.1% | |||||
Carlisle Cos., Inc. | 2,000 | 592,200 | |||
Capital Markets 2.3% | |||||
Ameriprise Financial, Inc. | 3,300 | 890,736 | |||
Bank of New York Mellon Corp. (The) | 34,200 | 1,486,332 | |||
Charles Schwab Corp. (The) | 23,000 | 1,588,150 | |||
Goldman Sachs Group, Inc. (The) | 22,277 | 7,426,929 | |||
Morgan Stanley(a) | 58,000 | 4,889,400 | |||
State Street Corp. | 10,600 | 753,024 | |||
17,034,571 | |||||
Chemicals 1.7% | |||||
Dow, Inc.(a) | 82,200 | 4,373,862 | |||
DuPont de Nemours, Inc. | 8,800 | 538,824 | |||
LyondellBasell Industries NV (Class A Stock) | 44,300 | 3,948,016 | |||
Olin Corp. | 11,000 | 574,970 | |||
Westlake Corp. | 33,500 | 3,260,890 | |||
12,696,562 | |||||
Commercial Services & Supplies 0.2% | |||||
Waste Management, Inc. | 7,900 | 1,300,024 | |||
Communications Equipment 0.4% | |||||
Cisco Systems, Inc. | 57,982 | 2,630,643 | |||
Construction Materials 0.4% | |||||
Eagle Materials, Inc. | 20,200 | 2,554,290 | |||
Consumer Finance 0.8% | |||||
Capital One Financial Corp. | 39,300 | 4,316,319 | |||
Synchrony Financial(a) | 36,800 | 1,232,064 | |||
5,548,383 |
2
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Containers & Packaging 0.8% | |||||
International Paper Co. | 80,400 | $3,438,708 | |||
Westrock Co. | 64,600 | 2,736,456 | |||
6,175,164 | |||||
Distributors 0.1% | |||||
Genuine Parts Co. | 3,500 | 535,045 | |||
LKQ Corp. | 7,900 | 433,236 | |||
968,281 | |||||
Diversified Financial Services 1.1% | |||||
Berkshire Hathaway, Inc. (Class B Stock)* | 27,774 | 8,348,864 | |||
Diversified Telecommunication Services 0.8% | |||||
AT&T, Inc. | 113,435 | 2,130,309 | |||
Verizon Communications, Inc. | 86,950 | 4,016,221 | |||
6,146,530 | |||||
Electric Utilities 1.5% | |||||
Edison International | 63,200 | 4,283,064 | |||
Exelon Corp. | 96,545 | 4,488,377 | |||
FirstEnergy Corp. | 9,000 | 369,900 | |||
PG&E Corp.* | 57,500 | 624,450 | |||
PPL Corp. | 30,600 | 889,848 | |||
10,655,639 | |||||
Electrical Equipment 1.0% | |||||
Atkore, Inc.* | 29,521 | 2,930,550 | |||
Emerson Electric Co. | 25,000 | 2,251,750 | |||
Encore Wire Corp.(a) | 17,000 | 2,353,990 | |||
7,536,290 | |||||
Electronic Equipment, Instruments & Components 0.5% | |||||
Corning, Inc. | 84,400 | 3,102,544 | |||
Jabil, Inc. | 12,200 | 723,948 | |||
3,826,492 | |||||
Energy Equipment & Services 0.3% | |||||
Halliburton Co. | 26,000 | 761,800 |
3
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Energy Equipment & Services (cont’d.) | |||||
Schlumberger NV | 30,200 | $1,118,306 | |||
U.S. Silica Holdings, Inc.* | 20,400 | 282,132 | |||
2,162,238 | |||||
Entertainment 1.2% | |||||
Activision Blizzard, Inc. | 13,400 | 1,071,330 | |||
Netflix, Inc.* | 1,400 | 314,860 | |||
Walt Disney Co. (The)* | 51,300 | 5,442,930 | |||
Warner Bros Discovery, Inc.* | 113,833 | 1,707,495 | |||
8,536,615 | |||||
Equity Real Estate Investment Trusts (REITs) 2.1% | |||||
DiamondRock Hospitality Co.* | 24,000 | 222,720 | |||
EPR Properties | 18,300 | 984,723 | |||
Equinix, Inc. | 2,500 | 1,759,350 | |||
Piedmont Office Realty Trust, Inc. (Class A Stock) | 53,400 | 734,784 | |||
Prologis, Inc. | 19,400 | 2,571,664 | |||
Public Storage | 4,200 | 1,370,922 | |||
SBA Communications Corp. | 6,400 | 2,149,056 | |||
Simon Property Group, Inc. | 7,100 | 771,344 | |||
Welltower, Inc. | 4,100 | 353,994 | |||
Weyerhaeuser Co. | 112,700 | 4,093,264 | |||
15,011,821 | |||||
Food & Staples Retailing 1.6% | |||||
Albertson’s Cos., Inc. (Class A Stock)(a) | 129,900 | 3,487,815 | |||
Costco Wholesale Corp. | 11,100 | 6,008,430 | |||
Kroger Co. (The) | 29,400 | 1,365,336 | |||
Walgreens Boots Alliance, Inc. | 6,300 | 249,606 | |||
Walmart, Inc. | 2,093 | 276,381 | |||
11,387,568 | |||||
Food Products 1.8% | |||||
Archer-Daniels-Midland Co. | 39,200 | 3,244,584 | |||
Bunge Ltd. | 23,800 | 2,197,454 | |||
Darling Ingredients, Inc.*(a) | 30,500 | 2,113,040 | |||
Pilgrim’s Pride Corp.* | 22,400 | 702,688 | |||
Tyson Foods, Inc. (Class A Stock) | 58,400 | 5,139,784 | |||
13,397,550 |
4
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Equipment & Supplies 2.0% | |||||
Abbott Laboratories | 53,400 | $5,812,056 | |||
Boston Scientific Corp.* | 7,500 | 307,875 | |||
Edwards Lifesciences Corp.* | 34,500 | 3,468,630 | |||
Medtronic PLC | 43,700 | 4,043,124 | |||
Zimmer Biomet Holdings, Inc. | 9,900 | 1,092,861 | |||
14,724,546 | |||||
Health Care Providers & Services 4.0% | |||||
Cigna Corp. | 19,000 | 5,231,840 | |||
CVS Health Corp. | 58,900 | 5,635,552 | |||
Elevance Health, Inc. | 6,400 | 3,053,440 | |||
McKesson Corp. | 4,500 | 1,537,110 | |||
UnitedHealth Group, Inc. | 25,700 | 13,938,138 | |||
29,396,080 | |||||
Hotels, Restaurants & Leisure 1.6% | |||||
Booking Holdings, Inc.* | 700 | 1,354,983 | |||
Chipotle Mexican Grill, Inc.* | 200 | 312,844 | |||
Dave & Buster’s Entertainment, Inc.* | 13,200 | 493,152 | |||
Expedia Group, Inc.* | 8,300 | 880,215 | |||
Hilton Worldwide Holdings, Inc. | 12,600 | 1,613,682 | |||
Marriott International, Inc. (Class A Stock) | 29,500 | 4,685,190 | |||
McDonald’s Corp. | 6,500 | 1,711,905 | |||
Travel + Leisure Co. | 8,400 | 362,124 | |||
11,414,095 | |||||
Household Durables 0.5% | |||||
Lennar Corp. (Class A Stock) | 23,400 | 1,989,000 | |||
Taylor Morrison Home Corp.* | 22,200 | 637,140 | |||
Toll Brothers, Inc. | 20,900 | 1,027,862 | |||
3,654,002 | |||||
Household Products 1.2% | |||||
Kimberly-Clark Corp. | 25,800 | 3,400,182 | |||
Procter & Gamble Co. (The) | 36,486 | 5,068,270 | |||
8,468,452 |
5
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Independent Power & Renewable Electricity Producers 0.5% | |||||
AES Corp. (The)(a) | 56,900 | $1,264,318 | |||
Vistra Corp. | 84,600 | 2,186,910 | |||
3,451,228 | |||||
Industrial Conglomerates 0.3% | |||||
Honeywell International, Inc. | 11,700 | 2,251,782 | |||
Insurance 1.9% | |||||
American International Group, Inc. | 76,400 | 3,955,228 | |||
Arch Capital Group Ltd.* | 36,000 | 1,598,400 | |||
Chubb Ltd. | 27,100 | 5,112,144 | |||
MetLife, Inc. | 33,840 | 2,140,380 | |||
Reinsurance Group of America, Inc. | 7,700 | 891,506 | |||
13,697,658 | |||||
Interactive Media & Services 5.7% | |||||
Alphabet, Inc. (Class A Stock)* | 143,880 | 16,736,122 | |||
Alphabet, Inc. (Class C Stock)* | 129,360 | 15,088,550 | |||
Meta Platforms, Inc. (Class A Stock)* | 61,280 | 9,749,648 | |||
41,574,320 | |||||
Internet & Direct Marketing Retail 3.1% | |||||
Amazon.com, Inc.* | 150,040 | 20,247,898 | |||
eBay, Inc. | 41,400 | 2,013,282 | |||
22,261,180 | |||||
IT Services 4.4% | |||||
Accenture PLC (Class A Stock) | 1,559 | 477,459 | |||
Automatic Data Processing, Inc. | 19,000 | 4,581,280 | |||
Fidelity National Information Services, Inc. | 2,500 | 255,400 | |||
Fiserv, Inc.* | 26,900 | 2,842,792 | |||
Gartner, Inc.* | 1,700 | 451,316 | |||
International Business Machines Corp. | 18,230 | 2,384,302 | |||
Mastercard, Inc. (Class A Stock) | 28,500 | 10,083,015 | |||
SS&C Technologies Holdings, Inc. | 5,800 | 343,186 | |||
Visa, Inc. (Class A Stock)(a) | 50,225 | 10,653,225 | |||
32,071,975 | |||||
Life Sciences Tools & Services 1.2% | |||||
Danaher Corp. | 12,900 | 3,759,963 |
6
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Life Sciences Tools & Services (cont’d.) | |||||
IQVIA Holdings, Inc.* | 4,600 | $1,105,242 | |||
Thermo Fisher Scientific, Inc. | 6,014 | 3,598,838 | |||
8,464,043 | |||||
Machinery 1.1% | |||||
Altra Industrial Motion Corp. | 13,500 | 563,355 | |||
Caterpillar, Inc. | 16,300 | 3,231,475 | |||
Hillenbrand, Inc. | 31,800 | 1,469,160 | |||
Mueller Industries, Inc. | 25,000 | 1,683,250 | |||
PACCAR, Inc. | 11,500 | 1,052,480 | |||
7,999,720 | |||||
Media 0.3% | |||||
Comcast Corp. (Class A Stock) | 67,600 | 2,536,352 | |||
Metals & Mining 0.1% | |||||
Ryerson Holding Corp. | 22,100 | 605,540 | |||
Multiline Retail 0.7% | |||||
Dollar General Corp. | 14,900 | 3,701,607 | |||
Macy’s, Inc. | 25,100 | 443,015 | |||
Target Corp. | 4,900 | 800,562 | |||
4,945,184 | |||||
Multi-Utilities 0.6% | |||||
Sempra Energy | 26,900 | 4,460,020 | |||
Oil, Gas & Consumable Fuels 4.8% | |||||
Cheniere Energy, Inc. | 13,800 | 2,064,204 | |||
Chevron Corp. | 46,900 | 7,681,282 | |||
ConocoPhillips | 46,400 | 4,520,752 | |||
CONSOL Energy, Inc.* | 72,300 | 4,433,436 | |||
Diamondback Energy, Inc. | 3,700 | 473,674 | |||
Exxon Mobil Corp. | 77,900 | 7,550,847 | |||
Marathon Petroleum Corp. | 2,300 | 210,818 | |||
Murphy Oil Corp. | 84,400 | 2,965,816 | |||
Phillips 66 | 9,400 | 836,600 | |||
Pioneer Natural Resources Co. | 1,000 | 236,950 | |||
Valero Energy Corp. | 35,600 | 3,943,412 | |||
34,917,791 |
7
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Pharmaceuticals 5.0% | |||||
Bristol-Myers Squibb Co. | 75,800 | $5,592,524 | |||
Eli Lilly & Co. | 21,200 | 6,989,428 | |||
Johnson & Johnson | 35,458 | 6,188,130 | |||
Merck & Co., Inc. | 88,900 | 7,942,326 | |||
Pfizer, Inc. | 186,800 | 9,435,268 | |||
36,147,676 | |||||
Professional Services 0.3% | |||||
CoStar Group, Inc.* | 10,800 | 783,972 | |||
Korn Ferry | 20,800 | 1,362,608 | |||
2,146,580 | |||||
Real Estate Management & Development 0.0% | |||||
Newmark Group, Inc. (Class A Stock) | 27,900 | 318,060 | |||
Road & Rail 0.2% | |||||
Union Pacific Corp. | 7,100 | 1,613,830 | |||
Semiconductors & Semiconductor Equipment 5.4% | |||||
Advanced Micro Devices, Inc.* | 3,900 | 368,433 | |||
Broadcom, Inc. | 15,300 | 8,192,844 | |||
Intel Corp. | 174,741 | 6,344,846 | |||
Microchip Technology, Inc. | 39,100 | 2,692,426 | |||
Micron Technology, Inc. | 54,800 | 3,389,928 | |||
NVIDIA Corp. | 31,500 | 5,721,345 | |||
NXP Semiconductors NV (China) | 13,400 | 2,463,992 | |||
ON Semiconductor Corp.*(a) | 4,200 | 280,476 | |||
Photronics, Inc.* | 61,500 | 1,464,315 | |||
QUALCOMM, Inc. | 56,400 | 8,181,384 | |||
39,099,989 | |||||
Software 9.7% | |||||
Adobe, Inc.* | 10,583 | 4,340,300 | |||
Fortinet, Inc.* | 65,000 | 3,877,250 | |||
Microsoft Corp. | 170,284 | 47,805,530 | |||
Oracle Corp. | 60,979 | 4,746,605 | |||
Paycom Software, Inc.* | 6,500 | 2,148,185 | |||
Roper Technologies, Inc. | 6,300 | 2,751,021 | |||
Synopsys, Inc.* | 14,100 | 5,181,750 | |||
70,850,641 |
8
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Specialty Retail 1.4% | |||||
Asbury Automotive Group, Inc.* | 2,500 | $429,100 | |||
AutoNation, Inc.* | 12,600 | 1,496,124 | |||
AutoZone, Inc.* | 700 | 1,496,173 | |||
Group 1 Automotive, Inc. | 13,400 | 2,370,728 | |||
Home Depot, Inc. (The) | 10,200 | 3,069,588 | |||
Penske Automotive Group, Inc. | 2,700 | 309,123 | |||
Ulta Beauty, Inc.* | 1,700 | 661,147 | |||
9,831,983 | |||||
Technology Hardware, Storage & Peripherals 6.6% | |||||
Apple, Inc. | 295,180 | 47,969,702 | |||
Hewlett Packard Enterprise Co. | 21,600 | 307,584 | |||
48,277,286 | |||||
Textiles, Apparel & Luxury Goods 0.1% | |||||
PVH Corp. | 16,400 | 1,015,488 | |||
Tobacco 0.3% | |||||
Altria Group, Inc. | 5,000 | 219,300 | |||
Philip Morris International, Inc. | 18,100 | 1,758,415 | |||
1,977,715 | |||||
Trading Companies & Distributors 0.4% | |||||
Boise Cascade Co. | 17,800 | 1,258,638 | |||
Veritiv Corp.*(a) | 15,500 | 1,922,310 | |||
3,180,948 | |||||
Water Utilities 0.2% | |||||
American Water Works Co., Inc. | 2,900 | 450,776 | |||
Essential Utilities, Inc. | 14,800 | 768,712 | |||
1,219,488 | |||||
Wireless Telecommunication Services 0.1% | |||||
T-Mobile US, Inc.* | 6,800 | 972,808 | |||
Total Long-Term Investments (cost $557,584,391) | 716,895,657 | ||||
9
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Description | Shares | Value | |||
Short-Term Investments 5.4% | |||||
Affiliated Mutual Fund 3.6% | |||||
PGIM Institutional Money Market Fund (cost $25,854,021; includes $25,826,041 of cash collateral for securities on loan)(b)(we) | 25,879,429 | $25,853,549 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
U.S. Treasury Obligation(k)(n) 0.1% | |||||||
U.S. Treasury Bills (cost $798,251) | 1.757 % | 09/15/22 | 800 | 797,881 |
Shares | |||||||
Unaffiliated Fund 1.7% | |||||||
Dreyfus Government Cash Management (Institutional Shares) (cost $12,297,860) | 12,297,860 | 12,297,860 | |||||
Total Short-Term Investments (cost $38,950,132) | 38,949,290 | ||||||
TOTAL INVESTMENTS 103.8% (cost $596,534,523) | 755,844,947 | ||||||
Liabilities in excess of other assets(z) (3.8)% | (27,391,401) | ||||||
Net Assets 100.0% | $728,453,546 |
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 |
* | Non-income producing security. |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $25,518,254; cash collateral of $25,826,041 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(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. |
(we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
10
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2022 (unaudited) (continued)
Futures contracts outstanding at July 31, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Position: | ||||||||
64 | S&P 500 E-Mini Index | Sep. 2022 | $13,227,200 | $794,680 |
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).
11