PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.2% | |||||
Common Stocks | |||||
Aerospace & Defense 2.3% | |||||
Boeing Co. (The)* | 14,500 | $3,463,325 | |||
Howmet Aerospace, Inc. | 86,500 | 4,423,610 | |||
L3Harris Technologies, Inc. | 1,200 | 227,388 | |||
Lockheed Martin Corp. | 9,433 | 4,210,608 | |||
Northrop Grumman Corp. | 6,800 | 3,026,000 | |||
RTX Corp. | 27,500 | 2,418,075 | |||
17,769,006 | |||||
Air Freight & Logistics 0.3% | |||||
FedEx Corp. | 8,100 | 2,186,595 | |||
Automobile Components 0.3% | |||||
BorgWarner, Inc.(a) | 25,400 | 1,181,100 | |||
Modine Manufacturing Co.* | 23,200 | 871,392 | |||
2,052,492 | |||||
Automobiles 2.8% | |||||
Ford Motor Co. | 235,800 | 3,114,918 | |||
General Motors Co. | 133,300 | 5,114,721 | |||
Tesla, Inc.* | 50,400 | 13,478,472 | |||
21,708,111 | |||||
Banks 2.8% | |||||
Bank of America Corp. | 96,500 | 3,088,000 | |||
Citigroup, Inc. | 116,978 | 5,575,171 | |||
JPMorgan Chase & Co. | 31,581 | 4,988,535 | |||
Truist Financial Corp. | 63,200 | 2,099,504 | |||
Wells Fargo & Co. | 123,600 | 5,705,376 | |||
21,456,586 | |||||
Beverages 2.3% | |||||
Coca-Cola Co. (The) | 138,400 | 8,571,112 | |||
Keurig Dr. Pepper, Inc. | 6,800 | 231,268 | |||
PepsiCo, Inc. | 47,000 | 8,810,620 | |||
17,613,000 | |||||
Biotechnology 1.4% | |||||
AbbVie, Inc. | 44,751 | 6,693,855 |
1
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Biotechnology (cont’d.) | |||||
Amgen, Inc. | 12,400 | $2,903,460 | |||
Gilead Sciences, Inc. | 15,572 | 1,185,652 | |||
10,782,967 | |||||
Broadline Retail 3.0% | |||||
Amazon.com, Inc.* | 166,040 | 22,196,227 | |||
eBay, Inc. | 19,500 | 867,945 | |||
23,064,172 | |||||
Capital Markets 2.4% | |||||
Bank of New York Mellon Corp. (The) | 98,300 | 4,458,888 | |||
BGC Group, Inc. (Class A Stock) | 184,600 | 878,696 | |||
Goldman Sachs Group, Inc. (The) | 2,477 | 881,490 | |||
Invesco Ltd. | 40,800 | 685,440 | |||
LPL Financial Holdings, Inc. | 2,100 | 481,656 | |||
Moody’s Corp. | 10,500 | 3,703,875 | |||
S&P Global, Inc. | 6,400 | 2,524,864 | |||
State Street Corp. | 13,400 | 970,696 | |||
Victory Capital Holdings, Inc. (Class A Stock) | 9,600 | 318,336 | |||
Virtu Financial, Inc. (Class A Stock) | 169,600 | 3,147,776 | |||
18,051,717 | |||||
Chemicals 1.1% | |||||
Ecolab, Inc. | 6,000 | 1,098,840 | |||
Ecovyst, Inc.* | 30,000 | 368,700 | |||
LyondellBasell Industries NV (Class A Stock) | 20,000 | 1,977,200 | |||
PPG Industries, Inc. | 26,300 | 3,784,570 | |||
Sherwin-Williams Co. (The) | 4,300 | 1,188,950 | |||
8,418,260 | |||||
Communications Equipment 1.0% | |||||
Cisco Systems, Inc. | 99,582 | 5,182,247 | |||
Extreme Networks, Inc.* | 98,000 | 2,605,820 | |||
7,788,067 | |||||
Construction & Engineering 0.1% | |||||
Sterling Infrastructure, Inc.* | 16,500 | 989,835 | |||
Construction Materials 0.5% | |||||
Eagle Materials, Inc. | 2,100 | 387,177 |
2
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Construction Materials (cont’d.) | |||||
Martin Marietta Materials, Inc. | 4,000 | $1,785,840 | |||
Vulcan Materials Co. | 8,100 | 1,786,050 | |||
3,959,067 | |||||
Consumer Staples Distribution & Retail 1.2% | |||||
Costco Wholesale Corp. | 6,700 | 3,756,489 | |||
Kroger Co. (The) | 33,700 | 1,639,168 | |||
United Natural Foods, Inc.* | 18,000 | 374,400 | |||
Walmart, Inc. | 21,000 | 3,357,060 | |||
9,127,117 | |||||
Distributors 0.9% | |||||
Genuine Parts Co. | 17,200 | 2,678,384 | |||
LKQ Corp. | 70,600 | 3,868,174 | |||
6,546,558 | |||||
Diversified Consumer Services 0.1% | |||||
Frontdoor, Inc.* | 28,400 | 991,728 | |||
Diversified Telecommunication Services 0.9% | |||||
AT&T, Inc. | 349,435 | 5,073,796 | |||
Verizon Communications, Inc. | 52,800 | 1,799,424 | |||
6,873,220 | |||||
Electric Utilities 0.9% | |||||
Avangrid, Inc. | 6,000 | 222,480 | |||
Duke Energy Corp. | 2,400 | 224,688 | |||
Entergy Corp. | 17,100 | 1,756,170 | |||
NextEra Energy, Inc. | 7,800 | 571,740 | |||
NRG Energy, Inc. | 112,400 | 4,270,076 | |||
7,045,154 | |||||
Electrical Equipment 1.3% | |||||
Eaton Corp. PLC | 6,100 | 1,252,452 | |||
Emerson Electric Co. | 30,200 | 2,758,770 | |||
EnerSys | 11,700 | 1,267,344 | |||
Rockwell Automation, Inc. | 4,500 | 1,513,305 | |||
Vertiv Holdings Co. | 119,900 | 3,118,599 | |||
9,910,470 |
3
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Energy Equipment & Services 0.2% | |||||
U.S. Silica Holdings, Inc.* | 91,300 | $1,187,813 | |||
Entertainment 1.7% | |||||
Electronic Arts, Inc. | 26,900 | 3,667,815 | |||
Netflix, Inc.* | 19,700 | 8,647,709 | |||
Walt Disney Co. (The)* | 3,900 | 346,671 | |||
12,662,195 | |||||
Financial Services 4.8% | |||||
Berkshire Hathaway, Inc. (Class B Stock)* | 24,274 | 8,543,477 | |||
Fidelity National Information Services, Inc. | 72,300 | 4,365,474 | |||
Mastercard, Inc. (Class A Stock) | 26,100 | 10,290,708 | |||
PayPal Holdings, Inc.* | 64,000 | 4,852,480 | |||
Visa, Inc. (Class A Stock) | 37,425 | 8,897,046 | |||
36,949,185 | |||||
Food Products 1.6% | |||||
Archer-Daniels-Midland Co. | 56,600 | 4,808,736 | |||
Hershey Co. (The) | 17,100 | 3,955,401 | |||
Mondelez International, Inc. (Class A Stock) | 49,300 | 3,654,609 | |||
12,418,746 | |||||
Gas Utilities 0.5% | |||||
UGI Corp. | 140,300 | 3,786,697 | |||
Ground Transportation 0.2% | |||||
Uber Technologies, Inc.* | 32,500 | 1,607,450 | |||
Health Care Equipment & Supplies 3.5% | |||||
Abbott Laboratories | 63,000 | 7,013,790 | |||
Baxter International, Inc. | 73,000 | 3,301,790 | |||
Boston Scientific Corp.* | 92,200 | 4,780,570 | |||
GE HealthCare Technologies, Inc. | 17,500 | 1,365,000 | |||
Intuitive Surgical, Inc.* | 17,900 | 5,806,760 | |||
Medtronic PLC | 11,400 | 1,000,464 | |||
Zimmer Biomet Holdings, Inc. | 22,600 | 3,122,190 | |||
26,390,564 | |||||
Health Care Providers & Services 3.1% | |||||
Cardinal Health, Inc. | 46,700 | 4,271,649 | |||
Centene Corp.* | 16,200 | 1,103,058 |
4
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Providers & Services (cont’d.) | |||||
Cigna Group (The) | 2,900 | $855,790 | |||
CVS Health Corp. | 75,400 | 5,631,626 | |||
Elevance Health, Inc. | 6,500 | 3,065,595 | |||
Humana, Inc. | 6,800 | 3,106,444 | |||
UnitedHealth Group, Inc. | 10,600 | 5,367,522 | |||
23,401,684 | |||||
Hotels, Restaurants & Leisure 1.5% | |||||
Darden Restaurants, Inc. | 2,200 | 371,624 | |||
Hilton Worldwide Holdings, Inc. | 7,000 | 1,088,430 | |||
Marriott International, Inc. (Class A Stock) | 29,500 | 5,953,395 | |||
McDonald’s Corp. | 2,500 | 733,000 | |||
Royal Caribbean Cruises Ltd.* | 12,900 | 1,407,519 | |||
Starbucks Corp. | 22,100 | 2,244,697 | |||
11,798,665 | |||||
Household Durables 0.0% | |||||
PulteGroup, Inc. | 2,600 | 219,414 | |||
Household Products 2.1% | |||||
Colgate-Palmolive Co. | 66,400 | 5,063,664 | |||
Energizer Holdings, Inc. | 12,900 | 460,530 | |||
Kimberly-Clark Corp. | 25,700 | 3,317,870 | |||
Procter & Gamble Co. (The) | 44,486 | 6,953,162 | |||
15,795,226 | |||||
Independent Power & Renewable Electricity Producers 0.1% | |||||
AES Corp. (The) | 42,600 | 921,437 | |||
Industrial Conglomerates 1.5% | |||||
3M Co. | 35,700 | 3,980,550 | |||
General Electric Co. | 56,500 | 6,454,560 | |||
Honeywell International, Inc. | 6,800 | 1,320,084 | |||
11,755,194 | |||||
Industrial REITs 0.2% | |||||
Americold Realty Trust, Inc. | 57,600 | 1,867,392 | |||
Insurance 1.6% | |||||
American International Group, Inc. | 59,600 | 3,592,688 | |||
Axis Capital Holdings Ltd. | 6,000 | 330,720 |
5
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Insurance (cont’d.) | |||||
Genworth Financial, Inc. (Class A Stock)* | 69,000 | $404,340 | |||
Marsh & McLennan Cos., Inc. | 15,600 | 2,939,352 | |||
MetLife, Inc. | 80,000 | 5,037,600 | |||
12,304,700 | |||||
Interactive Media & Services 6.3% | |||||
Alphabet, Inc. (Class A Stock)* | 130,180 | 17,277,489 | |||
Alphabet, Inc. (Class C Stock)* | 114,960 | 15,302,326 | |||
Meta Platforms, Inc. (Class A Stock)* | 50,080 | 15,955,488 | |||
48,535,303 | |||||
IT Services 0.8% | |||||
Accenture PLC (Class A Stock) | 10,059 | 3,182,165 | |||
Cognizant Technology Solutions Corp. (Class A Stock) | 5,800 | 382,974 | |||
International Business Machines Corp. | 18,030 | 2,599,565 | |||
6,164,704 | |||||
Life Sciences Tools & Services 0.8% | |||||
Thermo Fisher Scientific, Inc. | 10,714 | 5,878,343 | |||
West Pharmaceutical Services, Inc. | 1,300 | 478,452 | |||
6,356,795 | |||||
Machinery 1.0% | |||||
Allison Transmission Holdings, Inc. | 12,400 | 727,756 | |||
Caterpillar, Inc. | 4,400 | 1,166,748 | |||
Deere & Co. | 9,400 | 4,038,240 | |||
Terex Corp. | 24,300 | 1,424,709 | |||
Wabash National Corp. | 21,700 | 513,856 | |||
7,871,309 | |||||
Media 0.2% | |||||
Comcast Corp. (Class A Stock) | 6,800 | 307,768 | |||
Integral Ad Science Holding Corp.* | 47,600 | 992,460 | |||
1,300,228 | |||||
Metals & Mining 0.1% | |||||
United States Steel Corp. | 27,000 | 688,500 |
6
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Mortgage Real Estate Investment Trusts (REITs) 0.1% | |||||
MFA Financial, Inc. | 33,000 | $371,580 | |||
Multi-Utilities 0.9% | |||||
Black Hills Corp. | 25,000 | 1,508,250 | |||
NiSource, Inc. | 21,600 | 601,344 | |||
Sempra | 31,300 | 4,664,326 | |||
6,773,920 | |||||
Office REITs 0.1% | |||||
Hudson Pacific Properties, Inc. (a) | 121,100 | 710,857 | |||
Oil, Gas & Consumable Fuels 3.7% | |||||
Chevron Corp. | 10,300 | 1,685,698 | |||
ConocoPhillips | 12,200 | 1,436,184 | |||
Exxon Mobil Corp. | 100,100 | 10,734,724 | |||
Marathon Petroleum Corp. | 30,800 | 4,097,016 | |||
Peabody Energy Corp. | 57,400 | 1,288,056 | |||
Phillips 66 | 41,600 | 4,640,480 | |||
Valero Energy Corp. | 36,600 | 4,718,106 | |||
28,600,264 | |||||
Passenger Airlines 0.9% | |||||
Alaska Air Group, Inc.* | 18,700 | 909,381 | |||
Delta Air Lines, Inc. | 32,100 | 1,484,946 | |||
United Airlines Holdings, Inc.* | 76,000 | 4,127,560 | |||
6,521,887 | |||||
Pharmaceuticals 4.6% | |||||
Bristol-Myers Squibb Co. | 101,800 | 6,330,942 | |||
Eli Lilly & Co. | 11,200 | 5,090,960 | |||
Johnson & Johnson | 74,658 | 12,507,455 | |||
Merck & Co., Inc. | 62,200 | 6,633,630 | |||
Pfizer, Inc. | 129,200 | 4,658,952 | |||
35,221,939 | |||||
Professional Services 0.1% | |||||
Automatic Data Processing, Inc. | 2,100 | 519,246 |
7
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Real Estate Management & Development 0.3% | |||||
Zillow Group, Inc. (Class A Stock)* | 10,700 | $569,454 | |||
Zillow Group, Inc. (Class C Stock)* | 24,900 | 1,348,584 | |||
1,918,038 | |||||
Semiconductors & Semiconductor Equipment 7.5% | |||||
Axcelis Technologies, Inc.* | 3,600 | 721,728 | |||
Broadcom, Inc. | 10,500 | 9,435,825 | |||
Intel Corp. | 132,400 | 4,735,948 | |||
Lam Research Corp. | 7,900 | 5,676,071 | |||
Marvell Technology, Inc. | 8,400 | 547,092 | |||
NVIDIA Corp. | 60,500 | 28,271,045 | |||
NXP Semiconductors NV (China) | 19,100 | 4,258,918 | |||
Photronics, Inc.* | 92,600 | 2,449,270 | |||
QUALCOMM, Inc. | 7,700 | 1,017,709 | |||
57,113,606 | |||||
Software 10.6% | |||||
Adobe, Inc.* | 11,883 | 6,490,138 | |||
Dynatrace, Inc.* | 51,000 | 2,789,190 | |||
Microsoft Corp. | 158,584 | 53,271,538 | |||
NCR Corp.* | 137,500 | 3,696,000 | |||
Salesforce, Inc.* | 35,400 | 7,965,354 | |||
ServiceNow, Inc.*(a) | 10,600 | 6,179,800 | |||
Teradata Corp.* | 18,500 | 1,051,725 | |||
81,443,745 | |||||
Specialized REITs 1.2% | |||||
American Tower Corp. | 4,700 | 894,457 | |||
Iron Mountain, Inc. | 47,800 | 2,934,920 | |||
Public Storage | 15,700 | 4,423,475 | |||
Weyerhaeuser Co. | 21,200 | 722,072 | |||
8,974,924 | |||||
Specialty Retail 1.4% | |||||
Chico’s FAS, Inc.* | 49,800 | 303,780 | |||
Home Depot, Inc. (The) | 8,300 | 2,770,872 | |||
Lowe’s Cos., Inc. | 10,100 | 2,366,127 | |||
TJX Cos., Inc. (The) | 16,500 | 1,427,745 |
8
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Specialty Retail (cont’d.) | |||||
Ulta Beauty, Inc.* | 3,800 | $1,690,240 | |||
Urban Outfitters, Inc.* | 57,600 | 2,094,912 | |||
10,653,676 | |||||
Technology Hardware, Storage & Peripherals 8.4% | |||||
Apple, Inc. | 311,480 | 61,190,246 | |||
Hewlett Packard Enterprise Co. | 178,300 | 3,098,854 | |||
64,289,100 | |||||
Textiles, Apparel & Luxury Goods 0.4% | |||||
Lululemon Athletica, Inc.* | 7,900 | 2,990,387 | |||
Trading Companies & Distributors 0.4% | |||||
Veritiv Corp.(a) | 7,600 | 1,064,988 | |||
W.W. Grainger, Inc. | 2,800 | 2,067,772 | |||
3,132,760 | |||||
Wireless Telecommunication Services 0.2% | |||||
Telephone & Data Systems, Inc. | 28,600 | 229,372 | |||
T-Mobile US, Inc.* | 10,800 | 1,487,916 | |||
1,717,288 | |||||
Total Long-Term Investments (cost $528,118,257) | 751,270,540 | ||||
Short-Term Investments 2.6% | |||||
Affiliated Mutual Funds 2.5% | |||||
PGIM Core Government Money Market Fund(wi) | 13,649,215 | 13,649,215 | |||
PGIM Institutional Money Market Fund (cost $5,585,275; includes $5,524,584 of cash collateral for securities on loan)(b)(wi) | 5,589,633 | 5,586,279 | |||
Total Affiliated Mutual Funds (cost $19,234,490) | 19,235,494 |
9
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of July 31, 2023 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
U.S. Treasury Obligation(k)(n) 0.1% | |||||
U.S. Treasury Bills (cost $695,696) | 5.098 % | 09/14/23 | 700 | $695,497 | |
Total Short-Term Investments (cost $19,930,186) | 19,930,991 | ||||
TOTAL INVESTMENTS 100.8% (cost $548,048,443) | 771,201,531 | ||||
Liabilities in excess of other assets(z) (0.8)% | (5,760,464) | ||||
Net Assets 100.0% | $765,441,067 |
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 $5,524,975; cash collateral of $5,524,584 (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. |
(wi) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government Money Market Fund and PGIM Institutional Money Market Fund, if applicable. |
(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 July 31, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Position: | ||||||||
49 | S&P 500 E-Mini Index | Sep. 2023 | $11,305,525 | $499,955 |
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).
10