PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 97.0% | |||||
Common Stocks | |||||
Aerospace & Defense 1.5% | |||||
Curtiss-Wright Corp. | 143,766 | $16,727,174 | |||
Kaman Corp. | 206,792 | 11,814,027 | |||
28,541,201 | |||||
Banks 6.9% | |||||
Ameris Bancorp | 256,068 | 9,748,509 | |||
Atlantic Union Bankshares Corp. | 300,934 | 9,912,766 | |||
BankUnited, Inc. | 697,385 | 24,255,050 | |||
East West Bancorp, Inc. | 387,051 | 19,627,356 | |||
Eastern Bankshares, Inc.*(a) | 558,498 | 9,109,102 | |||
Enterprise Financial Services Corp. | 173,211 | 6,053,725 | |||
First Foundation, Inc. | 503,297 | 10,065,940 | |||
Pinnacle Financial Partners, Inc.(a) | 362,338 | 23,334,567 | |||
Seacoast Banking Corp. of Florida* | 229,337 | 6,753,975 | |||
Wintrust Financial Corp. | 258,076 | 15,765,863 | |||
134,626,853 | |||||
Biotechnology 4.9% | |||||
Amicus Therapeutics, Inc.* | 877,935 | 20,271,519 | |||
Apellis Pharmaceuticals, Inc.* | 263,022 | 15,044,859 | |||
Argenx SE (Netherlands), ADR*(a) | 64,593 | 18,996,155 | |||
Emergent BioSolutions, Inc.* | 103,307 | 9,256,307 | |||
Natera, Inc.* | 167,409 | 16,660,544 | |||
Turning Point Therapeutics, Inc.* | 131,531 | 16,027,052 | |||
96,256,436 | |||||
Building Products 1.2% | |||||
AZEK Co., Inc. (The)* | 179,667 | 6,908,196 | |||
JELD-WEN Holding, Inc.* | 625,804 | 15,870,390 | |||
22,778,586 | |||||
Capital Markets 4.9% | |||||
Ares Management Corp. (Class A Stock) | 219,067 | 10,307,102 | |||
Assetmark Financial Holdings, Inc.* | 240,868 | 5,829,006 | |||
Brightsphere Investment Group, Inc. | 1,580,148 | 30,465,253 | |||
Focus Financial Partners, Inc. (Class A Stock)* | 408,809 | 17,783,192 | |||
Hamilton Lane, Inc. (Class A Stock) | 48,286 | 3,768,722 |
1
PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Capital Markets (cont’d.) | |||||
Lazard Ltd. (Class A Stock) | 536,863 | $22,709,305 | |||
Open Lending Corp. (Class A Stock)* | 138,316 | 4,835,527 | |||
95,698,107 | |||||
Chemicals 1.6% | |||||
Avient Corp. | 753,178 | 30,338,010 | |||
Commercial Services & Supplies 1.5% | |||||
GFL Environmental, Inc. (Canada) | 365,202 | 10,656,594 | |||
Harsco Corp.*(a) | 986,827 | 17,743,150 | |||
28,399,744 | |||||
Construction & Engineering 4.6% | |||||
Great Lakes Dredge & Dock Corp.* | 2,110,714 | 27,798,104 | |||
Quanta Services, Inc. | 395,803 | 28,505,732 | |||
WillScot Mobile Mini Holdings Corp.* | 1,396,896 | 32,366,080 | |||
88,669,916 | |||||
Construction Materials 1.5% | |||||
Summit Materials, Inc. (Class A Stock)* | 1,437,934 | 28,873,715 | |||
Containers & Packaging 1.0% | |||||
Crown Holdings, Inc.* | 193,719 | 19,410,644 | |||
Diversified Telecommunication Services 0.6% | |||||
Bandwidth, Inc. (Class A Stock)*(a) | 80,838 | 12,422,375 | |||
Electric Utilities 1.1% | |||||
Alliant Energy Corp. | 163,993 | 8,450,559 | |||
PNM Resources, Inc. | 253,047 | 12,280,371 | |||
20,730,930 | |||||
Electronic Equipment, Instruments & Components 3.5% | |||||
CDW Corp. | 180,672 | 23,810,763 | |||
Cognex Corp. | 253,314 | 20,337,314 | |||
Littelfuse, Inc. | 46,806 | 11,919,616 | |||
nLight, Inc.* | 341,217 | 11,140,735 | |||
67,208,428 |
2
PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Equity Real Estate Investment Trusts (REITs) 6.3% | |||||
American Campus Communities, Inc. | 311,417 | $13,319,305 | |||
Cousins Properties, Inc. | 668,323 | 22,388,820 | |||
Douglas Emmett, Inc. | 218,334 | 6,370,986 | |||
Gaming & Leisure Properties, Inc. | 839,604 | 35,599,210 | |||
Independence Realty Trust, Inc. | 1,059,373 | 14,227,379 | |||
National Storage Affiliates Trust | 142,600 | 5,137,878 | |||
Physicians Realty Trust | 471,340 | 8,389,852 | |||
QTS Realty Trust, Inc. (Class A Stock) | 129,186 | 7,994,030 | |||
Retail Opportunity Investments Corp.(a) | 736,218 | 9,857,959 | |||
123,285,419 | |||||
Food & Staples Retailing 3.0% | |||||
BJ’s Wholesale Club Holdings, Inc.*(a) | 589,361 | 21,971,378 | |||
Performance Food Group Co.*(a) | 537,686 | 25,599,230 | |||
Sprouts Farmers Market, Inc.*(a) | 538,686 | 10,827,589 | |||
58,398,197 | |||||
Food Products 1.7% | |||||
Adecoagro SA (Brazil)* | 1,442,577 | 9,809,524 | |||
Darling Ingredients, Inc.* | 381,522 | 22,006,189 | |||
Vital Farms, Inc.*(a) | 84,920 | 2,149,325 | |||
33,965,038 | |||||
Health Care Equipment & Supplies 2.0% | |||||
BioLife Solutions, Inc.* | 111,842 | 4,461,377 | |||
Hill-Rom Holdings, Inc. | 120,040 | 11,760,319 | |||
Integra LifeSciences Holdings Corp.*(a) | 106,091 | 6,887,428 | |||
Outset Medical, Inc.*(a) | 51,466 | 2,925,328 | |||
Silk Road Medical, Inc.* | 196,640 | 12,384,387 | |||
38,418,839 | |||||
Health Care Providers & Services 2.8% | |||||
Acadia Healthcare Co., Inc.* | 389,720 | 19,587,327 | |||
Guardant Health, Inc.* | 62,059 | 7,998,164 | |||
Molina Healthcare, Inc.* | 126,915 | 26,992,282 | |||
54,577,773 |
3
PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Health Care Technology 1.3% | |||||
Change Healthcare, Inc.* | 519,171 | $9,682,539 | |||
Phreesia, Inc.* | 285,326 | 15,481,789 | |||
25,164,328 | |||||
Hotels, Restaurants & Leisure 2.8% | |||||
Bloomin’ Brands, Inc. | 319,401 | 6,202,767 | |||
Jack in the Box, Inc. | 271,562 | 25,200,954 | |||
Penn National Gaming, Inc.*(a) | 251,518 | 21,723,610 | |||
Rush Street Interactive, Inc.*(a) | 60,634 | 1,312,726 | |||
54,440,057 | |||||
Independent Power & Renewable Electricity Producers 1.3% | |||||
NextEra Energy Partners LP | 369,634 | 24,783,960 | |||
Insurance 2.7% | |||||
Alleghany Corp. | 22,295 | 13,459,268 | |||
Axis Capital Holdings Ltd. | 273,836 | 13,798,596 | |||
Lemonade, Inc.*(a) | 53,136 | 6,509,160 | |||
ProSight Global, Inc.* | 362,819 | 4,654,968 | |||
RenaissanceRe Holdings Ltd. (Bermuda) | 84,522 | 14,015,438 | |||
52,437,430 | |||||
Internet & Direct Marketing Retail 0.6% | |||||
Stamps.com, Inc.* | 55,716 | 10,930,922 | |||
IT Services 1.8% | |||||
Globant SA (Argentina)* | 45,442 | 9,888,634 | |||
Shift4 Payments, Inc. (Class A Stock)* | 332,191 | 25,047,201 | |||
34,935,835 | |||||
Leisure Products 1.9% | |||||
Brunswick Corp.(a) | 418,491 | 31,905,754 | |||
YETI Holdings, Inc.* | 79,523 | 5,444,940 | |||
37,350,694 | |||||
Life Sciences Tools & Services 2.4% | |||||
10X Genomics, Inc. (Class A Stock)* | 38,756 | 5,487,849 | |||
Avantor, Inc.* | 430,033 | 12,105,429 | |||
PPD, Inc.* | 511,517 | 17,504,112 |
4
PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Life Sciences Tools & Services (cont’d.) | |||||
Seer, Inc.*(a) | 37,155 | $2,085,882 | |||
Syneos Health, Inc.* | 129,145 | 8,798,649 | |||
45,981,921 | |||||
Machinery 4.5% | |||||
Colfax Corp.* | 267,071 | 10,212,795 | |||
Kennametal, Inc. | 116,959 | 4,238,594 | |||
Lincoln Electric Holdings, Inc. | 149,342 | 17,361,008 | |||
Pentair PLC | 365,274 | 19,392,397 | |||
Rexnord Corp. | 708,051 | 27,960,934 | |||
Westinghouse Air Brake Technologies Corp. | 106,076 | 7,764,763 | |||
86,930,491 | |||||
Media 0.7% | |||||
Cardlytics, Inc.*(a) | 95,446 | 13,626,825 | |||
Metals & Mining 1.6% | |||||
Agnico Eagle Mines Ltd. (Canada) | 262,741 | 18,525,868 | |||
Royal Gold, Inc.(a) | 124,210 | 13,210,975 | |||
31,736,843 | |||||
Mortgage Real Estate Investment Trusts (REITs) 0.4% | |||||
Starwood Property Trust, Inc. | 416,098 | 8,030,691 | |||
Oil, Gas & Consumable Fuels 2.8% | |||||
PDC Energy, Inc.*(a) | 704,462 | 14,462,605 | |||
Targa Resources Corp. | 492,115 | 12,981,994 | |||
WPX Energy, Inc.* | 3,368,868 | 27,456,274 | |||
54,900,873 | |||||
Pharmaceuticals 3.7% | |||||
Catalent, Inc.* | 100,688 | 10,478,600 | |||
GW Pharmaceuticals PLC (United Kingdom), ADR*(a) | 45,096 | 5,204,529 | |||
Horizon Therapeutics PLC* | 354,991 | 25,967,592 | |||
Jazz Pharmaceuticals PLC*(a) | 101,691 | 16,784,100 | |||
Revance Therapeutics, Inc.* | 457,156 | 12,955,801 | |||
71,390,622 | |||||
Real Estate Management & Development 0.5% | |||||
Howard Hughes Corp. (The)* | 127,104 | 10,032,319 |
5
PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Road & Rail 2.5% | |||||
J.B. Hunt Transport Services, Inc. | 83,648 | $11,430,499 | |||
Saia, Inc.*(a) | 160,645 | 29,044,616 | |||
TFI International, Inc. (Canada) | 175,147 | 9,034,082 | |||
49,509,197 | |||||
Semiconductors & Semiconductor Equipment 5.5% | |||||
Brooks Automation, Inc. | 345,568 | 23,446,789 | |||
Lattice Semiconductor Corp.* | 306,776 | 14,056,476 | |||
MACOM Technology Solutions Holdings, Inc.* | 77,589 | 4,270,499 | |||
Monolithic Power Systems, Inc. | 38,811 | 14,213,753 | |||
ON Semiconductor Corp.* | 434,773 | 14,230,120 | |||
SunPower Corp.*(a) | 255,014 | 6,538,559 | |||
Tower Semiconductor Ltd. (Israel)* | 654,355 | 16,895,446 | |||
Universal Display Corp. | 61,438 | 14,118,452 | |||
107,770,094 | |||||
Software 4.0% | |||||
CyberArk Software Ltd.* | 97,849 | 15,811,420 | |||
Everbridge, Inc.*(a) | 100,240 | 14,942,777 | |||
PagerDuty, Inc.*(a) | 311,450 | 12,987,465 | |||
Smartsheet, Inc. (Class A Stock)* | 282,429 | 19,569,506 | |||
Varonis Systems, Inc.* | 90,081 | 14,738,152 | |||
78,049,320 | |||||
Specialty Retail 3.3% | |||||
Boot Barn Holdings, Inc.* | 164,742 | 7,143,213 | |||
Burlington Stores, Inc.*(a) | 90,814 | 23,752,402 | |||
Five Below, Inc.*(a) | 125,270 | 21,919,744 | |||
Vroom, Inc.* | 282,280 | 11,565,012 | |||
64,380,371 | |||||
Textiles, Apparel & Luxury Goods 0.6% | |||||
Kontoor Brands, Inc. | 303,917 | 12,326,873 | |||
Thrifts & Mortgage Finance 0.5% | |||||
WSFS Financial Corp. | 234,290 | 10,514,935 | |||
Trading Companies & Distributors 0.4% | |||||
Rush Enterprises, Inc. (Class A Stock) | 205,593 | 8,515,662 |
6
PGIM Jennison Small Company Fund
Schedule of Investments as of December 31,
2020 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Water Utilities 0.6% | |||||
Essential Utilities, Inc. | 254,451 | $12,032,988 | |||
Total Long-Term Investments (cost $1,317,404,042) | 1,888,373,462 | ||||
Short-Term Investments 10.5% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 39,631,857 | 39,631,857 | |||
PGIM Institutional Money Market Fund (cost $166,105,774; includes $166,074,275 of cash collateral for securities on loan)(b)(w) | 166,273,175 | 166,190,038 | |||
Total Short-Term Investments (cost $205,737,631) | 205,821,895 | ||||
TOTAL INVESTMENTS 107.5% (cost $1,523,141,673) | 2,094,195,357 | ||||
Liabilities in excess of other assets (7.5)% | (146,916,656) | ||||
Net Assets 100.0% | $1,947,278,701 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
ADR—American Depositary Receipt | |
LP—Limited Partnership | |
REITs—Real Estate Investment Trust |
* | Non-income producing security. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $161,859,632; cash collateral of $166,074,275 (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. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund. |
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).
7