PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 98.9% | |||||
Common Stocks | |||||
Aerospace & Defense 2.3% | |||||
Boeing Co. (The)* | 11,900 | $2,511,376 | |||
Curtiss-Wright Corp. | 7,900 | 1,758,303 | |||
Howmet Aerospace, Inc. | 80,600 | 4,534,556 | |||
L3Harris Technologies, Inc. | 6,000 | 1,250,520 | |||
Northrop Grumman Corp. | 3,800 | 1,697,688 | |||
RTX Corp. | 6,100 | 555,832 | |||
Textron, Inc. | 52,200 | 4,421,862 | |||
Woodward, Inc. | 1,700 | 234,209 | |||
16,964,346 | |||||
Air Freight & Logistics 0.6% | |||||
FedEx Corp. | 19,400 | 4,681,026 | |||
Automobiles 2.3% | |||||
Ford Motor Co. | 361,900 | 4,241,468 | |||
General Motors Co. | 135,100 | 5,241,880 | |||
Tesla, Inc.* | 39,200 | 7,341,768 | |||
16,825,116 | |||||
Banks 2.8% | |||||
Bank of America Corp. | 198,100 | 6,737,381 | |||
Huntington Bancshares, Inc. | 17,600 | 224,048 | |||
JPMorgan Chase & Co. | 42,581 | 7,424,423 | |||
Truist Financial Corp. | 6,000 | 222,360 | |||
Wells Fargo & Co. | 118,100 | 5,926,258 | |||
20,534,470 | |||||
Beverages 2.2% | |||||
Coca-Cola Co. (The) | 143,800 | 8,554,662 | |||
Keurig Dr. Pepper, Inc. | 114,800 | 3,609,312 | |||
PepsiCo, Inc. | 23,500 | 3,960,455 | |||
16,124,429 | |||||
Biotechnology 1.3% | |||||
AbbVie, Inc. | 58,351 | 9,592,904 | |||
Amgen, Inc. | 700 | 219,982 | |||
9,812,886 |
1
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Broadline Retail 4.2% | |||||
Amazon.com, Inc.* | 198,240 | $30,766,848 | |||
Building Products 0.5% | |||||
Armstrong World Industries, Inc. | 3,400 | 337,314 | |||
Masonite International Corp.* | 32,700 | 3,010,035 | |||
3,347,349 | |||||
Capital Markets 3.6% | |||||
Bank of New York Mellon Corp. (The) | 73,000 | 4,048,580 | |||
BGC Group, Inc. (Class A Stock) | 319,500 | 2,255,670 | |||
BlackRock, Inc. | 6,500 | 5,033,015 | |||
Goldman Sachs Group, Inc. (The) | 800 | 307,208 | |||
Intercontinental Exchange, Inc. | 13,700 | 1,744,421 | |||
KKR & Co., Inc. | 50,200 | 4,346,316 | |||
MSCI, Inc. | 1,500 | 897,930 | |||
S&P Global, Inc. | 15,400 | 6,904,590 | |||
Victory Capital Holdings, Inc. (Class A Stock) | 6,400 | 215,872 | |||
Virtu Financial, Inc. (Class A Stock) | 50,700 | 851,253 | |||
26,604,855 | |||||
Chemicals 1.7% | |||||
Ecolab, Inc. | 19,600 | 3,885,112 | |||
PPG Industries, Inc. | 30,200 | 4,259,408 | |||
Sherwin-Williams Co. (The) | 15,300 | 4,657,014 | |||
12,801,534 | |||||
Communications Equipment 1.4% | |||||
Arista Networks, Inc.* | 19,000 | 4,914,920 | |||
Cisco Systems, Inc. | 105,982 | 5,318,177 | |||
10,233,097 | |||||
Construction & Engineering 0.1% | |||||
Fluor Corp.* | 22,800 | 859,788 | |||
Construction Materials 0.5% | |||||
Martin Marietta Materials, Inc. | 1,200 | 610,104 | |||
Vulcan Materials Co. | 13,700 | 3,096,337 | |||
3,706,441 |
2
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Consumer Finance 0.0% | |||||
American Express Co. | 1,400 | $281,036 | |||
Consumer Staples Distribution & Retail 1.8% | |||||
Costco Wholesale Corp. | 5,400 | 3,752,352 | |||
Target Corp. | 37,900 | 5,271,132 | |||
United Natural Foods, Inc.* | 132,400 | 1,974,084 | |||
Walmart, Inc. | 12,400 | 2,049,100 | |||
13,046,668 | |||||
Diversified Consumer Services 0.2% | |||||
Frontdoor, Inc.* | 54,300 | 1,778,868 | |||
Diversified Telecommunication Services 1.3% | |||||
AT&T, Inc. | 272,635 | 4,822,913 | |||
Verizon Communications, Inc. | 121,000 | 5,124,350 | |||
9,947,263 | |||||
Electric Utilities 0.7% | |||||
ALLETE, Inc. | 25,400 | 1,501,394 | |||
Exelon Corp. | 17,700 | 616,137 | |||
NextEra Energy, Inc. | 23,600 | 1,383,668 | |||
NRG Energy, Inc. | 26,800 | 1,421,472 | |||
Pinnacle West Capital Corp. | 3,600 | 248,040 | |||
5,170,711 | |||||
Electrical Equipment 1.3% | |||||
Eaton Corp. PLC | 17,300 | 4,257,184 | |||
EnerSys | 6,500 | 621,205 | |||
Vertiv Holdings Co. (Class A Stock) | 90,800 | 5,114,764 | |||
9,993,153 | |||||
Energy Equipment & Services 0.1% | |||||
Oceaneering International, Inc.* | 38,500 | 800,030 | |||
Entertainment 1.1% | |||||
Electronic Arts, Inc. | 14,100 | 1,939,878 | |||
Netflix, Inc.* | 11,600 | 6,543,676 | |||
8,483,554 |
3
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Financial Services 4.4% | |||||
Berkshire Hathaway, Inc. (Class B Stock)* | 22,874 | $8,777,669 | |||
Block, Inc.* | 57,200 | 3,718,572 | |||
Fidelity National Information Services, Inc. | 39,800 | 2,477,948 | |||
Fiserv, Inc.* | 1,600 | 226,992 | |||
Mastercard, Inc. (Class A Stock) | 9,800 | 4,402,454 | |||
Visa, Inc. (Class A Stock) | 46,325 | 12,658,769 | |||
32,262,404 | |||||
Food Products 0.6% | |||||
Archer-Daniels-Midland Co. | 61,400 | 3,412,612 | |||
Freshpet, Inc.* | 6,100 | 525,210 | |||
Hain Celestial Group, Inc. (The)* | 24,700 | 264,537 | |||
4,202,359 | |||||
Ground Transportation 0.4% | |||||
ArcBest Corp. | 11,800 | 1,405,734 | |||
Union Pacific Corp. | 5,300 | 1,292,829 | |||
2,698,563 | |||||
Health Care Equipment & Supplies 2.4% | |||||
Abbott Laboratories | 19,700 | 2,229,055 | |||
Baxter International, Inc. | 27,400 | 1,060,106 | |||
Becton, Dickinson & Co. | 20,800 | 4,967,248 | |||
Boston Scientific Corp.* | 84,000 | 5,313,840 | |||
Haemonetics Corp.* | 5,700 | 435,822 | |||
Hologic, Inc.* | 8,800 | 655,072 | |||
Medtronic PLC | 32,900 | 2,880,066 | |||
17,541,209 | |||||
Health Care Providers & Services 3.5% | |||||
Cardinal Health, Inc. | 46,700 | 5,099,173 | |||
Centene Corp.* | 61,600 | 4,639,096 | |||
Cigna Group (The) | 15,800 | 4,755,010 | |||
Elevance Health, Inc. | 6,400 | 3,158,016 | |||
HealthEquity, Inc.* | 10,600 | 801,148 | |||
Humana, Inc. | 4,400 | 1,663,464 | |||
Molina Healthcare, Inc.* | 2,200 | 784,168 | |||
UnitedHealth Group, Inc. | 10,000 | 5,117,400 | |||
26,017,475 |
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PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Hotel & Resort REITs 0.1% | |||||
Park Hotels & Resorts, Inc. | 40,700 | $613,756 | |||
Hotels, Restaurants & Leisure 1.7% | |||||
Chipotle Mexican Grill, Inc.* | 800 | 1,927,016 | |||
Dave & Buster’s Entertainment, Inc.* | 32,200 | 1,723,666 | |||
Hilton Worldwide Holdings, Inc. | 28,200 | 5,385,072 | |||
McDonald’s Corp. | 900 | 263,448 | |||
Starbucks Corp. | 37,300 | 3,470,019 | |||
12,769,221 | |||||
Household Durables 0.1% | |||||
Lennar Corp. (Class A Stock) | 3,300 | 494,505 | |||
Household Products 2.0% | |||||
Colgate-Palmolive Co. | 65,800 | 5,540,360 | |||
Procter & Gamble Co. (The) | 59,786 | 9,394,772 | |||
14,935,132 | |||||
Industrial Conglomerates 1.6% | |||||
3M Co. | 49,000 | 4,623,150 | |||
General Electric Co. | 47,600 | 6,303,192 | |||
Honeywell International, Inc. | 2,700 | 546,102 | |||
11,472,444 | |||||
Industrial REITs 0.4% | |||||
LXP Industrial Trust | 217,600 | 1,977,984 | |||
Prologis, Inc. | 8,900 | 1,127,541 | |||
3,105,525 | |||||
Insurance 1.6% | |||||
Allstate Corp. (The) | 33,100 | 5,138,775 | |||
Assurant, Inc. | 19,500 | 3,275,025 | |||
Genworth Financial, Inc. (Class A Stock)* | 106,000 | 654,020 | |||
MetLife, Inc. | 36,800 | 2,550,976 | |||
W.R. Berkley Corp. | 2,900 | 237,452 | |||
11,856,248 | |||||
Interactive Media & Services 6.6% | |||||
Alphabet, Inc. (Class A Stock)* | 105,880 | 14,833,788 |
5
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Interactive Media & Services (cont’d.) | |||||
Alphabet, Inc. (Class C Stock)* | 91,260 | $12,940,668 | |||
Meta Platforms, Inc. (Class A Stock)* | 53,680 | 20,942,715 | |||
48,717,171 | |||||
IT Services 0.8% | |||||
Akamai Technologies, Inc.* | 21,300 | 2,624,799 | |||
International Business Machines Corp. | 16,930 | 3,109,364 | |||
5,734,163 | |||||
Life Sciences Tools & Services 0.7% | |||||
Thermo Fisher Scientific, Inc. | 4,614 | 2,486,854 | |||
West Pharmaceutical Services, Inc. | 6,700 | 2,499,301 | |||
4,986,155 | |||||
Machinery 1.1% | |||||
Allison Transmission Holdings, Inc. | 36,400 | 2,203,656 | |||
Flowserve Corp. | 12,000 | 479,160 | |||
Parker-Hannifin Corp. | 2,400 | 1,114,800 | |||
Terex Corp. | 53,300 | 3,274,219 | |||
Westinghouse Air Brake Technologies Corp. | 7,500 | 986,775 | |||
8,058,610 | |||||
Media 0.4% | |||||
Comcast Corp. (Class A Stock) | 65,300 | 3,039,062 | |||
Metals & Mining 0.2% | |||||
Freeport-McMoRan, Inc. | 26,400 | 1,047,816 | |||
Nucor Corp. | 2,700 | 504,711 | |||
1,552,527 | |||||
Mortgage Real Estate Investment Trusts (REITs) 0.1% | |||||
MFA Financial, Inc. | 86,300 | 955,341 | |||
Multi-Utilities 0.7% | |||||
Avista Corp. | 40,700 | 1,384,207 | |||
Black Hills Corp. | 28,000 | 1,449,280 | |||
NiSource, Inc. | 47,500 | 1,233,575 | |||
Sempra | 13,900 | 994,684 | |||
5,061,746 |
6
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Oil, Gas & Consumable Fuels 2.9% | |||||
Cheniere Energy, Inc. | 3,000 | $491,970 | |||
Chevron Corp. | 7,900 | 1,164,697 | |||
ConocoPhillips | 34,100 | 3,814,767 | |||
Exxon Mobil Corp. | 84,500 | 8,687,445 | |||
Peabody Energy Corp. | 19,300 | 515,310 | |||
Phillips 66 | 40,900 | 5,902,279 | |||
Valero Energy Corp. | 8,400 | 1,166,760 | |||
21,743,228 | |||||
Passenger Airlines 0.2% | |||||
SkyWest, Inc.* | 32,300 | 1,720,298 | |||
Personal Care Products 0.3% | |||||
BellRing Brands, Inc.* | 27,600 | 1,525,452 | |||
Medifast, Inc. | 10,500 | 573,825 | |||
2,099,277 | |||||
Pharmaceuticals 4.6% | |||||
Bristol-Myers Squibb Co. | 82,800 | 4,046,436 | |||
Elanco Animal Health, Inc.* | 143,500 | 2,115,190 | |||
Eli Lilly & Co. | 8,800 | 5,681,368 | |||
Johnson & Johnson | 74,658 | 11,863,156 | |||
Merck & Co., Inc. | 76,400 | 9,227,592 | |||
Pfizer, Inc. | 28,100 | 760,948 | |||
33,694,690 | |||||
Professional Services 0.0% | |||||
Upwork, Inc.* | 15,300 | 209,763 | |||
Residential REITs 0.1% | |||||
Equity Residential | 9,000 | 541,710 | |||
Retail REITs 0.2% | |||||
Acadia Realty Trust | 48,000 | 818,880 | |||
SITE Centers Corp. | 53,000 | 705,960 | |||
Urban Edge Properties | 16,400 | 283,228 | |||
1,808,068 | |||||
Semiconductors & Semiconductor Equipment 9.2% | |||||
Applied Materials, Inc. | 5,400 | 887,220 | |||
Broadcom, Inc. | 6,000 | 7,080,000 |
7
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Semiconductors & Semiconductor Equipment (cont’d.) | |||||
Intel Corp. | 185,600 | $7,995,648 | |||
Lam Research Corp. | 6,800 | 5,611,156 | |||
Micron Technology, Inc. | 33,500 | 2,872,625 | |||
NVIDIA Corp. | 53,200 | 32,732,364 | |||
NXP Semiconductors NV (China) | 7,100 | 1,495,047 | |||
Photronics, Inc.* | 33,000 | 964,260 | |||
QUALCOMM, Inc. | 55,000 | 8,168,050 | |||
67,806,370 | |||||
Software 11.7% | |||||
Adobe, Inc.* | 6,883 | 4,252,180 | |||
Cadence Design Systems, Inc.* | 4,100 | 1,182,686 | |||
Dynatrace, Inc.* | 5,000 | 285,000 | |||
Intuit, Inc. | 4,200 | 2,651,586 | |||
Microsoft Corp. | 146,984 | 58,437,899 | |||
Salesforce, Inc.* | 36,600 | 10,287,894 | |||
ServiceNow, Inc.* | 8,400 | 6,429,360 | |||
Workday, Inc. (Class A Stock)* | 10,000 | 2,910,700 | |||
86,437,305 | |||||
Specialized REITs 0.8% | |||||
Equinix, Inc. | 1,400 | 1,161,678 | |||
Iron Mountain, Inc. | 40,600 | 2,741,312 | |||
Public Storage | 6,000 | 1,699,140 | |||
Weyerhaeuser Co. | 10,800 | 353,916 | |||
5,956,046 | |||||
Specialty Retail 1.7% | |||||
Children’s Place, Inc. (The)* | 13,000 | 289,640 | |||
Designer Brands, Inc. (Class A Stock) | 25,700 | 220,249 | |||
Home Depot, Inc. (The) | 14,900 | 5,259,104 | |||
Lowe’s Cos., Inc. | 20,900 | 4,448,356 | |||
TJX Cos., Inc. (The) | 2,700 | 256,257 | |||
Ulta Beauty, Inc.* | 3,100 | 1,556,355 | |||
Urban Outfitters, Inc.* | 5,700 | 216,600 | |||
12,246,561 | |||||
Technology Hardware, Storage & Peripherals 6.9% | |||||
Apple, Inc. | 262,180 | 48,345,992 |
8
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Technology Hardware, Storage & Peripherals (cont’d.) | |||||
Hewlett Packard Enterprise Co. | 152,100 | $2,325,609 | |||
Western Digital Corp.* | 8,800 | 503,800 | |||
51,175,401 | |||||
Textiles, Apparel & Luxury Goods 0.8% | |||||
Deckers Outdoor Corp.* | 2,200 | 1,658,206 | |||
G-III Apparel Group Ltd.* | 62,000 | 1,865,580 | |||
Lululemon Athletica, Inc.* | 5,400 | 2,450,628 | |||
5,974,414 | |||||
Water Utilities 0.1% | |||||
American Water Works Co., Inc. | 6,100 | 756,522 | |||
Total Long-Term Investments (cost $486,098,286) | 731,006,737 | ||||
Short-Term Investments 1.2% | |||||
Affiliated Mutual Fund 1.1% | |||||
PGIM Core Government Money Market Fund (7-day effective yield 5.560%) (cost $8,238,827)(wb) | 8,238,827 | 8,238,827 |
Interest Rate | Maturity Date | Principal Amount (000)# | |||||
U.S. Treasury Obligation(k)(n) 0.1% | |||||||
U.S. Treasury Bills (cost $745,462) | 5.257 % | 03/14/24 | 750 | 745,382 | |||
Total Short-Term Investments (cost $8,984,289) | 8,984,209 | ||||||
TOTAL INVESTMENTS 100.1% (cost $495,082,575) | 739,990,946 | ||||||
Liabilities in excess of other assets(z) (0.1)% | (670,802) | ||||||
Net Assets 100.0% | $739,320,144 |
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. |
9
PGIM Quant Solutions Large-Cap Core Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
# | 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. |
(wb) | Represents an investment in a Fund affiliated with the Manager. |
(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 January 31, 2024: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Position: | ||||||||
38 | S&P 500 E-Mini Index | Mar. 2024 | $9,253,950 | $399,925 |
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