PSF PGIM JENNISON GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 99.6% | ||||||
Common Stocks — 98.8% | ||||||
Aerospace & Defense — 0.4% | ||||||
Northrop Grumman Corp. | 20,784 | $9,596,389 | ||||
Automobiles — 4.4% | ||||||
Tesla, Inc.* | 531,709 | 110,308,349 | ||||
Biotechnology — 1.3% | ||||||
Vertex Pharmaceuticals, Inc.* | 108,655 | 34,233,931 | ||||
Broadline Retail — 6.8% | ||||||
Amazon.com, Inc.* | 1,203,585 | 124,318,295 | ||||
MercadoLibre, Inc. (Brazil)* | 36,107 | 47,591,192 | ||||
171,909,487 | ||||||
Capital Markets — 2.2% | ||||||
Goldman Sachs Group, Inc. (The) | 38,223 | 12,503,126 | ||||
Moody’s Corp.(a) | 36,718 | 11,236,442 | ||||
S&P Global, Inc. | 96,165 | 33,154,807 | ||||
56,894,375 | ||||||
Consumer Finance — 0.3% | ||||||
American Express Co. | 45,897 | 7,570,710 | ||||
Consumer Staples Distribution & Retail — 2.1% | ||||||
Costco Wholesale Corp. | 105,800 | 52,568,846 | ||||
Energy Equipment & Services — 1.4% | ||||||
Schlumberger NV | 738,209 | 36,246,062 | ||||
Entertainment — 2.1% | ||||||
Netflix, Inc.* | 115,975 | 40,067,043 | ||||
ROBLOX Corp. (Class A Stock)* | 288,823 | 12,991,259 | ||||
53,058,302 | ||||||
Financial Services — 7.2% | ||||||
Adyen NV (Netherlands), 144A* | 18,925 | 30,155,640 | ||||
Mastercard, Inc. (Class A Stock) | 189,710 | 68,942,511 | ||||
Visa, Inc. (Class A Stock)(a) | 372,304 | 83,939,660 | ||||
183,037,811 | ||||||
Ground Transportation — 1.7% | ||||||
Uber Technologies, Inc.* | 1,353,942 | 42,919,961 | ||||
Health Care Equipment & Supplies — 2.5% | ||||||
Abbott Laboratories | 113,185 | 11,461,113 | ||||
Dexcom, Inc.* | 204,656 | 23,776,934 | ||||
Intuitive Surgical, Inc.* | 109,487 | 27,970,644 | ||||
63,208,691 | ||||||
Health Care Providers & Services — 1.7% | ||||||
UnitedHealth Group, Inc. | 90,355 | 42,700,869 | ||||
Hotels, Restaurants & Leisure — 3.2% | ||||||
Airbnb, Inc. (Class A Stock)* | 199,674 | 24,839,446 | ||||
Chipotle Mexican Grill, Inc.* | 8,567 | 14,634,920 | ||||
Marriott International, Inc. (Class A Stock) | 146,876 | 24,387,291 | ||||
McDonald’s Corp. | 62,965 | 17,605,644 | ||||
81,467,301 | ||||||
Interactive Media & Services — 5.7% | ||||||
Alphabet, Inc. (Class A Stock)* | 568,617 | 58,982,641 | ||||
Alphabet, Inc. (Class C Stock)* | 559,211 | 58,157,944 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Interactive Media & Services (cont’d.) | ||||||
Meta Platforms, Inc. (Class A Stock)* | 129,218 | $27,386,463 | ||||
144,527,048 | ||||||
IT Services — 1.1% | ||||||
Snowflake, Inc. (Class A Stock)* | 175,852 | 27,132,205 | ||||
Life Sciences Tools & Services — 2.1% | ||||||
Danaher Corp. | 128,905 | 32,489,216 | ||||
Thermo Fisher Scientific, Inc. | 37,111 | 21,389,667 | ||||
53,878,883 | ||||||
Media — 0.5% | ||||||
Trade Desk, Inc. (The) (Class A Stock)*(a) | 210,879 | 12,844,640 | ||||
Personal Care Products — 1.6% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 31,294 | 7,712,719 | ||||
L’Oreal SA (France) | 71,190 | 31,810,733 | ||||
39,523,452 | ||||||
Pharmaceuticals — 5.9% | ||||||
AstraZeneca PLC (United Kingdom), ADR | 345,778 | 24,000,451 | ||||
Eli Lilly & Co. | 197,869 | 67,952,172 | ||||
Novo Nordisk A/S (Denmark), ADR | 361,503 | 57,529,587 | ||||
149,482,210 | ||||||
Semiconductors & Semiconductor Equipment — 12.5% | ||||||
Advanced Micro Devices, Inc.* | 563,761 | 55,254,216 | ||||
ASML Holding NV (Netherlands) | 52,261 | 35,574,585 | ||||
Broadcom, Inc. | 80,165 | 51,429,054 | ||||
NVIDIA Corp. | 622,367 | 172,874,882 | ||||
315,132,737 | ||||||
Software — 12.9% | ||||||
Adobe, Inc.* | 97,770 | 37,677,625 | ||||
Atlassian Corp. (Class A Stock)* | 141,859 | 24,282,005 | ||||
Cadence Design Systems, Inc.* | 84,735 | 17,801,976 | ||||
Crowdstrike Holdings, Inc. (Class A Stock)* | 143,010 | 19,629,552 | ||||
Microsoft Corp. | 667,259 | 192,370,770 | ||||
Salesforce, Inc.* | 166,000 | 33,163,480 | ||||
324,925,408 | ||||||
Specialty Retail — 4.0% | ||||||
Home Depot, Inc. (The) | 104,136 | 30,732,617 | ||||
O’Reilly Automotive, Inc.* | 31,287 | 26,562,037 | ||||
TJX Cos., Inc. (The) | 431,739 | 33,831,068 | ||||
Ulta Beauty, Inc.* | 16,600 | 9,058,122 | ||||
100,183,844 | ||||||
Technology Hardware, Storage & Peripherals — 6.6% | ||||||
Apple, Inc. | 1,014,033 | 167,214,042 | ||||
Textiles, Apparel & Luxury Goods — 6.0% | ||||||
Lululemon Athletica, Inc.* | 116,501 | 42,428,499 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 86,449 | 79,352,279 |
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PSF PGIM JENNISON GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Textiles, Apparel & Luxury Goods (cont’d.) | ||||||
NIKE, Inc. (Class B Stock) | 242,856 | $29,783,860 | ||||
151,564,638 | ||||||
Wireless Telecommunication Services — 1.3% | ||||||
T-Mobile US, Inc.* | 219,848 | 31,842,784 | ||||
Specialized REITs — 1.3% | ||||||
American Tower Corp.(a) | 164,005 | 33,512,782 | ||||
Total Common Stocks (cost $1,286,085,755) | 2,497,485,757 | |||||
Preferred Stock — 0.8% | ||||||
Automobiles | ||||||
Dr. Ing. h.c. F. Porsche AG (Germany) (PRFC)* | 144,694 | 18,571,369 | ||||
(cost $11,864,366) | ||||||
Total Long-Term Investments (cost $1,297,950,121) | 2,516,057,126 | |||||
Short-Term Investments — 4.1% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wa) | 7,205,274 | 7,205,274 | ||||
PGIM Institutional Money Market Fund (cost $97,644,772; includes $97,258,669 of cash collateral for securities on loan)(b)(wa) | 97,840,833 | 97,791,912 | ||||
Total Short-Term Investments (cost $104,850,046) | 104,997,186 | |||||
TOTAL INVESTMENTS—103.7% (cost $1,402,800,167) | 2,621,054,312 | |||||
Liabilities in excess of other assets — (3.7)% | (94,014,209) | |||||
Net Assets — 100.0% | $2,527,040,103 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
144A | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
ADR | American Depositary Receipt |
PRFC | Preference Shares |
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 $96,720,225; cash collateral of $97,258,669 (included in liabilities) was received with which the Portfolio 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 Portfolio 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. |
(wa) | PGIM Investments LLC, the manager of the Portfolio, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund, if applicable. |
Other information regarding the Portfolio is available in the Portfolio’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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