PSF PGIM JENNISON VALUE PORTFOLIO
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 95.2% | ||||||
Common Stocks | ||||||
Aerospace & Defense — 2.4% | ||||||
Airbus SE (France) | 150,482 | $20,141,787 | ||||
RTX Corp. | 195,164 | 14,045,953 | ||||
34,187,740 | ||||||
Automobile Components — 1.1% | ||||||
Aptiv PLC* | 159,716 | 15,746,400 | ||||
Automobiles — 1.3% | ||||||
General Motors Co. | 589,738 | 19,443,662 | ||||
Banks — 9.6% | ||||||
Bank of America Corp. | 1,283,229 | 35,134,810 | ||||
JPMorgan Chase & Co. | 374,389 | 54,293,893 | ||||
PNC Financial Services Group, Inc. (The) | 206,084 | 25,300,933 | ||||
Truist Financial Corp. | 860,814 | 24,627,888 | ||||
139,357,524 | ||||||
Beverages — 1.6% | ||||||
PepsiCo, Inc. | 136,459 | 23,121,613 | ||||
Biotechnology — 3.4% | ||||||
AbbVie, Inc. | 191,338 | 28,520,842 | ||||
Amgen, Inc. | 76,975 | 20,687,801 | ||||
49,208,643 | ||||||
Building Products — 1.1% | ||||||
Johnson Controls International PLC | 315,064 | 16,764,556 | ||||
Capital Markets — 3.5% | ||||||
Blackstone, Inc.(a) | 181,526 | 19,448,696 | ||||
Goldman Sachs Group, Inc. (The) | 95,400 | 30,868,578 | ||||
50,317,274 | ||||||
Chemicals — 3.9% | ||||||
DuPont de Nemours, Inc.(a) | 244,121 | 18,208,986 | ||||
Linde PLC | 102,789 | 38,273,484 | ||||
56,482,470 | ||||||
Communications Equipment — 2.1% | ||||||
Cisco Systems, Inc. | 554,486 | 29,809,167 | ||||
Consumer Staples Distribution & Retail — 2.6% | ||||||
Walmart, Inc. | 232,142 | 37,126,470 | ||||
Electric Utilities — 1.4% | ||||||
PG&E Corp.* | 1,224,934 | 19,758,185 | ||||
Energy Equipment & Services — 1.3% | ||||||
Schlumberger NV | 333,931 | 19,468,177 | ||||
Food Products — 1.4% | ||||||
Mondelez International, Inc. (Class A Stock) | 288,178 | 19,999,553 | ||||
Ground Transportation — 1.2% | ||||||
Union Pacific Corp. | 84,922 | 17,292,667 | ||||
Health Care Equipment & Supplies — 2.3% | ||||||
Abbott Laboratories | 215,735 | 20,893,935 | ||||
GE HealthCare Technologies, Inc. | 180,843 | 12,304,558 | ||||
33,198,493 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Health Care Providers & Services — 1.6% | ||||||
Centene Corp.* | 90,942 | $6,264,085 | ||||
Cigna Group (The) | 57,982 | 16,586,911 | ||||
22,850,996 | ||||||
Hotels, Restaurants & Leisure — 2.2% | ||||||
McDonald’s Corp. | 118,950 | 31,336,188 | ||||
Household Products — 1.8% | ||||||
Procter & Gamble Co. (The) | 176,642 | 25,765,002 | ||||
Industrial Conglomerates — 1.1% | ||||||
General Electric Co. | 148,136 | 16,376,435 | ||||
Insurance — 6.0% | ||||||
Chubb Ltd. | 199,745 | 41,582,914 | ||||
Marsh & McLennan Cos., Inc. | 109,819 | 20,898,556 | ||||
MetLife, Inc. | 379,386 | 23,867,173 | ||||
86,348,643 | ||||||
Interactive Media & Services — 3.4% | ||||||
Alphabet, Inc. (Class A Stock)* | 137,568 | 18,002,148 | ||||
Meta Platforms, Inc. (Class A Stock)* | 103,956 | 31,208,631 | ||||
49,210,779 | ||||||
Machinery — 4.5% | ||||||
Deere & Co. | 27,702 | 10,454,181 | ||||
Fortive Corp.(a) | 215,433 | 15,976,511 | ||||
Otis Worldwide Corp. | 280,972 | 22,564,862 | ||||
Parker-Hannifin Corp. | 41,866 | 16,307,644 | ||||
65,303,198 | ||||||
Multi-Utilities — 3.2% | ||||||
CenterPoint Energy, Inc.(a) | 707,192 | 18,988,105 | ||||
NiSource, Inc. | 1,107,381 | 27,330,163 | ||||
46,318,268 | ||||||
Office REITs — 1.1% | ||||||
Alexandria Real Estate Equities, Inc.(a) | 158,800 | 15,895,880 | ||||
Oil, Gas & Consumable Fuels — 9.0% | ||||||
Chevron Corp. | 307,280 | 51,813,554 | ||||
ConocoPhillips | 222,834 | 26,695,513 | ||||
Hess Corp. | 187,257 | 28,650,321 | ||||
Williams Cos., Inc. (The) | 706,770 | 23,811,081 | ||||
130,970,469 | ||||||
Passenger Airlines — 0.8% | ||||||
Delta Air Lines, Inc. | 334,234 | 12,366,658 | ||||
Pharmaceuticals — 8.1% | ||||||
AstraZeneca PLC (United Kingdom), ADR | 447,575 | 30,309,779 | ||||
Bristol-Myers Squibb Co. | 650,275 | 37,741,961 | ||||
Eli Lilly & Co. | 91,855 | 49,338,076 | ||||
117,389,816 | ||||||
Semiconductors & Semiconductor Equipment — 4.7% | ||||||
Advanced Micro Devices, Inc.* | 144,007 | 14,806,800 | ||||
Broadcom, Inc. | 31,335 | 26,026,224 | ||||
Lam Research Corp. | 18,868 | 11,825,896 |
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PSF PGIM JENNISON VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Semiconductors & Semiconductor Equipment (cont’d.) | ||||||
NXP Semiconductors NV (China) | 76,565 | $15,306,875 | ||||
67,965,795 | ||||||
Software — 3.3% | ||||||
Microsoft Corp. | 93,540 | 29,535,255 | ||||
Salesforce, Inc.* | 87,886 | 17,821,523 | ||||
47,356,778 | ||||||
Specialty Retail — 1.0% | ||||||
Lowe’s Cos., Inc. | 70,103 | 14,570,208 | ||||
Technology Hardware, Storage & Peripherals — 3.2% | ||||||
Apple, Inc. | 101,656 | 17,404,524 | ||||
Dell Technologies, Inc. (Class C Stock) | 426,879 | 29,411,963 | ||||
46,816,487 | ||||||
Total Long-Term Investments (cost $921,870,011) | 1,378,124,194 | |||||
Short-Term Investments — 7.6% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wb) | 69,113,118 | 69,113,118 | ||||
PGIM Institutional Money Market Fund (cost $41,789,302; includes $41,587,548 of cash collateral for securities on loan)(b)(wb) | 41,817,430 | 41,792,339 | ||||
Total Short-Term Investments (cost $110,902,420) | 110,905,457 | |||||
TOTAL INVESTMENTS—102.8% (cost $1,032,772,431) | 1,489,029,651 | |||||
Liabilities in excess of other assets — (2.8)% | (40,891,941) | |||||
Net Assets — 100.0% | $1,448,137,710 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: | |
ADR | American Depositary Receipt |
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 $40,604,125; cash collateral of $41,587,548 (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. |
(wb) | Represents an investment in a Fund affiliated with the Manager. |
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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