PSF PGIM JENNISON BLEND PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 98.8% | ||||||
Common Stocks — 98.5% | ||||||
Aerospace & Defense — 2.1% | ||||||
Airbus SE (France) | 287,397 | $38,386,907 | ||||
Northrop Grumman Corp. | 18,869 | 8,712,195 | ||||
Raytheon Technologies Corp. | 535,096 | 52,401,951 | ||||
99,501,053 | ||||||
Automobile Components — 1.0% | ||||||
Aptiv PLC* | 273,884 | 30,727,046 | ||||
Mobileye Global, Inc. (Israel) (Class A Stock)*(a) | 394,188 | 17,056,515 | ||||
47,783,561 | ||||||
Automobiles — 2.9% | ||||||
General Motors Co. | 1,012,882 | 37,152,512 | ||||
Tesla, Inc.* | 485,619 | 100,746,518 | ||||
137,899,030 | ||||||
Banks — 4.0% | ||||||
Bank of America Corp. | 1,602,806 | 45,840,251 | ||||
JPMorgan Chase & Co. | 594,235 | 77,434,763 | ||||
PNC Financial Services Group, Inc. (The) | 315,159 | 40,056,709 | ||||
Truist Financial Corp. | 785,760 | 26,794,416 | ||||
190,126,139 | ||||||
Beverages — 0.9% | ||||||
PepsiCo, Inc. | 237,543 | 43,304,089 | ||||
Biotechnology — 2.6% | ||||||
AbbVie, Inc. | 361,414 | 57,598,549 | ||||
Amgen, Inc. | 115,374 | 27,891,664 | ||||
Vertex Pharmaceuticals, Inc.* | 117,252 | 36,942,588 | ||||
122,432,801 | ||||||
Broadline Retail — 4.6% | ||||||
Amazon.com, Inc.* | 1,290,800 | 133,326,732 | ||||
MercadoLibre, Inc. (Brazil)* | 67,721 | 89,260,341 | ||||
222,587,073 | ||||||
Building Products — 1.1% | ||||||
Johnson Controls International PLC | 868,780 | 52,317,932 | ||||
Capital Markets — 2.2% | ||||||
Blackstone, Inc.(a) | 277,198 | 24,349,072 | ||||
Goldman Sachs Group, Inc. (The) | 224,066 | 73,294,229 | ||||
Moody’s Corp.(a) | 32,836 | 10,048,473 | ||||
107,691,774 | ||||||
Chemicals — 1.6% | ||||||
Linde PLC | 220,652 | 78,428,547 | ||||
Communications Equipment — 0.7% | ||||||
Cisco Systems, Inc. | 666,645 | 34,848,867 | ||||
Consumer Staples Distribution & Retail — 2.4% | ||||||
Costco Wholesale Corp. | 120,690 | 59,967,240 | ||||
Walmart, Inc. | 381,077 | 56,189,804 | ||||
116,157,044 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Electric Utilities — 0.8% | ||||||
NextEra Energy, Inc. | 494,562 | $38,120,839 | ||||
Energy Equipment & Services — 1.6% | ||||||
Schlumberger NV | 1,545,596 | 75,888,764 | ||||
Entertainment — 0.8% | ||||||
Netflix, Inc.* | 105,728 | 36,526,909 | ||||
Financial Services — 3.5% | ||||||
Adyen NV (Netherlands), 144A* | 17,681 | 28,173,415 | ||||
Mastercard, Inc. (Class A Stock) | 166,657 | 60,564,820 | ||||
Visa, Inc. (Class A Stock)(a) | 354,557 | 79,938,421 | ||||
168,676,656 | ||||||
Food Products — 0.9% | ||||||
Mondelez International, Inc. (Class A Stock) | 619,485 | 43,190,494 | ||||
Ground Transportation — 1.6% | ||||||
Uber Technologies, Inc.* | 1,378,732 | 43,705,804 | ||||
Union Pacific Corp. | 175,006 | 35,221,708 | ||||
78,927,512 | ||||||
Health Care Equipment & Supplies — 1.2% | ||||||
Abbott Laboratories | 181,651 | 18,393,980 | ||||
Intuitive Surgical, Inc.* | 146,276 | 37,369,130 | ||||
55,763,110 | ||||||
Health Care Providers & Services — 1.5% | ||||||
Cigna Group (The) | 99,400 | 25,399,682 | ||||
UnitedHealth Group, Inc. | 94,266 | 44,549,169 | ||||
69,948,851 | ||||||
Hotels, Restaurants & Leisure — 2.9% | ||||||
Airbnb, Inc. (Class A Stock)* | 215,192 | 26,769,885 | ||||
Chipotle Mexican Grill, Inc.* | 5,310 | 9,071,020 | ||||
Marriott International, Inc. (Class A Stock) | 260,670 | 43,281,647 | ||||
McDonald’s Corp. | 207,445 | 58,003,696 | ||||
137,126,248 | ||||||
Household Products — 1.2% | ||||||
Procter & Gamble Co. (The) | 389,161 | 57,864,349 | ||||
Industrial Conglomerates — 0.5% | ||||||
General Electric Co. | 263,180 | 25,160,008 | ||||
Insurance — 3.2% | ||||||
Chubb Ltd. | 348,728 | 67,716,003 | ||||
Marsh & McLennan Cos., Inc. | 283,931 | 47,288,708 | ||||
MetLife, Inc. | 644,454 | 37,339,665 | ||||
152,344,376 | ||||||
Interactive Media & Services — 4.9% | ||||||
Alphabet, Inc. (Class A Stock)* | 776,872 | 80,584,933 | ||||
Alphabet, Inc. (Class C Stock)* | 560,327 | 58,274,008 | ||||
Meta Platforms, Inc. (Class A Stock)* | 449,696 | 95,308,570 | ||||
234,167,511 | ||||||
IT Services — 0.6% | ||||||
Snowflake, Inc. (Class A Stock)*(a) | 198,111 | 30,566,546 |
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PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Life Sciences Tools & Services — 2.1% | ||||||
Danaher Corp. | 325,567 | $82,055,907 | ||||
Thermo Fisher Scientific, Inc. | 34,287 | 19,761,998 | ||||
101,817,905 | ||||||
Machinery — 2.3% | ||||||
Deere & Co. | 79,042 | 32,634,861 | ||||
Otis Worldwide Corp. | 482,307 | 40,706,711 | ||||
Parker-Hannifin Corp. | 106,858 | 35,916,042 | ||||
109,257,614 | ||||||
Media — 0.2% | ||||||
Trade Desk, Inc. (The) (Class A Stock)*(a) | 191,358 | 11,655,616 | ||||
Multi-Utilities — 1.1% | ||||||
NiSource, Inc. | 1,819,162 | 50,863,770 | ||||
Oil, Gas & Consumable Fuels — 3.6% | ||||||
ConocoPhillips | 1,737,324 | 172,359,914 | ||||
Personal Care Products — 0.9% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock)(a) | 28,742 | 7,083,753 | ||||
L’Oreal SA (France) | 80,679 | 36,050,824 | ||||
43,134,577 | ||||||
Pharmaceuticals — 7.7% | ||||||
AstraZeneca PLC (United Kingdom), ADR | 1,623,128 | 112,661,314 | ||||
Bristol-Myers Squibb Co. | 1,130,586 | 78,360,916 | ||||
Eli Lilly & Co. | 382,044 | 131,201,550 | ||||
Novo Nordisk A/S (Denmark), ADR | 296,311 | 47,154,933 | ||||
369,378,713 | ||||||
Semiconductors & Semiconductor Equipment — 8.0% | ||||||
Advanced Micro Devices, Inc.*(a) | 768,243 | 75,295,496 | ||||
Broadcom, Inc. | 86,170 | 55,281,502 | ||||
Lam Research Corp. | 80,202 | 42,516,684 | ||||
NVIDIA Corp. | 461,900 | 128,301,963 | ||||
NXP Semiconductors NV (China) | 223,811 | 41,735,156 | ||||
QUALCOMM, Inc. | 311,546 | 39,747,039 | ||||
382,877,840 | ||||||
Software — 9.8% | ||||||
Adobe, Inc.* | 173,626 | 66,910,252 | ||||
Atlassian Corp. (Class A Stock)* | 155,792 | 26,666,917 | ||||
Cadence Design Systems, Inc.* | 110,117 | 23,134,480 | ||||
Crowdstrike Holdings, Inc. (Class A Stock)* | 119,063 | 16,342,587 | ||||
Microsoft Corp. | 837,822 | 241,544,083 | ||||
Salesforce, Inc.* | 480,034 | 95,901,192 | ||||
470,499,511 | ||||||
Specialized REITs — 0.6% | ||||||
American Tower Corp. | 131,552 | 26,881,336 | ||||
Specialty Retail — 1.1% | ||||||
Home Depot, Inc. (The) | 92,413 | 27,272,925 | ||||
Lowe’s Cos., Inc. | 121,017 | 24,199,769 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Specialty Retail (cont’d.) | ||||||
Ulta Beauty, Inc.* | 6,051 | $3,301,849 | ||||
54,774,543 | ||||||
Technology Hardware, Storage & Peripherals — 5.5% | ||||||
Apple, Inc. | 1,595,914 | 263,166,219 | ||||
Textiles, Apparel & Luxury Goods — 2.8% | ||||||
Lululemon Athletica, Inc.* | 104,714 | 38,135,792 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 75,574 | 69,370,023 | ||||
NIKE, Inc. (Class B Stock) | 220,854 | 27,085,534 | ||||
134,591,349 | ||||||
Wireless Telecommunication Services — 1.5% | ||||||
T-Mobile US, Inc.* | 495,586 | 71,780,676 | ||||
Total Common Stocks (cost $2,915,354,560) | 4,720,389,666 | |||||
Preferred Stock — 0.3% | ||||||
Automobiles | ||||||
Dr. Ing. h.c. F. Porsche AG (Germany) (PRFC)* | 128,245 | 16,460,152 | ||||
(cost $10,333,164) | ||||||
Total Long-Term Investments (cost $2,925,687,724) | 4,736,849,818 | |||||
Short-Term Investments — 4.5% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wa) | 45,876,343 | 45,876,343 | ||||
PGIM Institutional Money Market Fund (cost $169,601,580; includes $169,095,895 of cash collateral for securities on loan)(b)(wa) | 169,860,755 | 169,775,825 | ||||
Total Short-Term Investments (cost $215,477,923) | 215,652,168 | |||||
TOTAL INVESTMENTS—103.3% (cost $3,141,165,647) | 4,952,501,986 | |||||
Liabilities in excess of other assets — (3.3)% | (159,043,625) | |||||
Net Assets — 100.0% | $4,793,458,361 |
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 |
A2
PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2023 (unaudited) |
* | 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 $170,032,267; cash collateral of $169,095,895 (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).
A3