PSF PGIM JENNISON BLEND PORTFOLIO
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 97.9% | ||||||
Common Stocks — 97.7% | ||||||
Aerospace & Defense — 1.3% | ||||||
Airbus SE (France) | 287,397 | $38,467,652 | ||||
RTX Corp. | 341,324 | 24,565,088 | ||||
63,032,740 | ||||||
Automobile Components — 1.0% | ||||||
Aptiv PLC* | 273,884 | 27,002,223 | ||||
Mobileye Global, Inc. (Israel) (Class A Stock)*(a) | 587,214 | 24,398,742 | ||||
51,400,965 | ||||||
Automobiles — 3.1% | ||||||
General Motors Co. | 1,012,882 | 33,394,719 | ||||
Tesla, Inc.* | 482,803 | 120,806,967 | ||||
154,201,686 | ||||||
Banks — 4.8% | ||||||
Bank of America Corp. | 2,229,124 | 61,033,415 | ||||
JPMorgan Chase & Co. | 651,944 | 94,544,919 | ||||
PNC Financial Services Group, Inc. (The) | 357,992 | 43,950,678 | ||||
Truist Financial Corp. | 1,501,123 | 42,947,129 | ||||
242,476,141 | ||||||
Beverages — 0.8% | ||||||
PepsiCo, Inc. | 237,543 | 40,249,286 | ||||
Biotechnology — 1.7% | ||||||
AbbVie, Inc. | 361,414 | 53,872,371 | ||||
Vertex Pharmaceuticals, Inc.* | 90,331 | 31,411,702 | ||||
85,284,073 | ||||||
Broadline Retail — 5.5% | ||||||
Amazon.com, Inc.* | 1,498,558 | 190,496,693 | ||||
MercadoLibre, Inc. (Brazil)* | 67,327 | 85,362,557 | ||||
275,859,250 | ||||||
Building Products — 0.7% | ||||||
Johnson Controls International PLC | 692,301 | 36,837,336 | ||||
Capital Markets — 1.9% | ||||||
Blackstone, Inc. | 315,327 | 33,784,135 | ||||
Goldman Sachs Group, Inc. (The) | 193,713 | 62,679,715 | ||||
96,463,850 | ||||||
Chemicals — 1.6% | ||||||
Linde PLC | 220,652 | 82,159,772 | ||||
Communications Equipment — 1.0% | ||||||
Cisco Systems, Inc. | 969,746 | 52,133,545 | ||||
Consumer Staples Distribution & Retail — 2.5% | ||||||
Costco Wholesale Corp. | 96,693 | 54,627,677 | ||||
Walmart, Inc. | 447,003 | 71,489,190 | ||||
126,116,867 | ||||||
Electric Utilities — 0.8% | ||||||
PG&E Corp.* | 2,619,033 | 42,245,002 | ||||
Energy Equipment & Services — 1.1% | ||||||
Schlumberger NV | 954,539 | 55,649,624 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Entertainment — 0.9% | ||||||
Netflix, Inc.* | 125,533 | $47,401,261 | ||||
Financial Services — 2.8% | ||||||
Mastercard, Inc. (Class A Stock) | 165,690 | 65,598,328 | ||||
Visa, Inc. (Class A Stock)(a) | 335,866 | 77,252,539 | ||||
142,850,867 | ||||||
Food Products — 0.9% | ||||||
Mondelez International, Inc. (Class A Stock) | 619,485 | 42,992,259 | ||||
Ground Transportation — 1.8% | ||||||
Uber Technologies, Inc.* | 1,193,173 | 54,874,026 | ||||
Union Pacific Corp. | 175,006 | 35,636,472 | ||||
90,510,498 | ||||||
Health Care Equipment & Supplies — 0.8% | ||||||
Intuitive Surgical, Inc.* | 145,428 | 42,507,150 | ||||
Health Care Providers & Services — 1.1% | ||||||
Cigna Group (The) | 99,400 | 28,435,358 | ||||
UnitedHealth Group, Inc. | 57,680 | 29,081,679 | ||||
57,517,037 | ||||||
Hotels, Restaurants & Leisure — 2.5% | ||||||
Airbnb, Inc. (Class A Stock)* | 246,783 | 33,861,095 | ||||
Chipotle Mexican Grill, Inc.* | 5,278 | 9,668,399 | ||||
Marriott International, Inc. (Class A Stock) | 135,761 | 26,685,182 | ||||
McDonald’s Corp. | 207,445 | 54,649,311 | ||||
124,863,987 | ||||||
Household Products — 1.1% | ||||||
Procter & Gamble Co. (The) | 389,161 | 56,763,024 | ||||
Industrial Conglomerates — 0.7% | ||||||
General Electric Co. | 304,916 | 33,708,464 | ||||
Insurance — 3.4% | ||||||
Chubb Ltd. | 348,728 | 72,598,195 | ||||
Marsh & McLennan Cos., Inc. | 283,931 | 54,032,069 | ||||
MetLife, Inc. | 738,266 | 46,444,314 | ||||
173,074,578 | ||||||
Interactive Media & Services — 7.0% | ||||||
Alphabet, Inc. (Class A Stock)* | 826,791 | 108,193,870 | ||||
Alphabet, Inc. (Class C Stock)* | 624,341 | 82,319,361 | ||||
Meta Platforms, Inc. (Class A Stock)* | 535,943 | 160,895,448 | ||||
351,408,679 | ||||||
IT Services — 1.3% | ||||||
MongoDB, Inc.* | 98,179 | 33,956,189 | ||||
Snowflake, Inc. (Class A Stock)* | 196,963 | 30,090,037 | ||||
64,046,226 | ||||||
Machinery — 2.0% | ||||||
Deere & Co. | 48,243 | 18,205,944 | ||||
Otis Worldwide Corp. | 482,307 | 38,734,075 | ||||
Parker-Hannifin Corp. | 106,858 | 41,623,328 | ||||
98,563,347 |
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PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of September 30, 2023 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Media — 0.3% | ||||||
Trade Desk, Inc. (The) (Class A Stock)* | 190,249 | $14,867,959 | ||||
Multi-Utilities — 1.4% | ||||||
NiSource, Inc. | 2,827,436 | 69,781,121 | ||||
Oil, Gas & Consumable Fuels — 4.2% | ||||||
ConocoPhillips | 1,275,289 | 152,779,622 | ||||
Hess Corp. | 367,566 | 56,237,598 | ||||
209,017,220 | ||||||
Personal Care Products — 0.5% | ||||||
L’Oreal SA (France) | 58,791 | 24,363,702 | ||||
Pharmaceuticals — 8.6% | ||||||
AstraZeneca PLC (United Kingdom), ADR | 1,824,133 | 123,530,287 | ||||
Bristol-Myers Squibb Co. | 1,130,586 | 65,619,211 | ||||
Eli Lilly & Co. | 352,514 | 189,345,845 | ||||
Novo Nordisk A/S (Denmark), ADR(a) | 589,186 | 53,580,575 | ||||
432,075,918 | ||||||
Semiconductors & Semiconductor Equipment — 9.4% | ||||||
Advanced Micro Devices, Inc.* | 980,077 | 100,771,517 | ||||
ARM Holdings PLC, ADR*(a) | 183,575 | 9,824,934 | ||||
Broadcom, Inc. | 105,240 | 87,410,239 | ||||
Lam Research Corp. | 42,860 | 26,863,362 | ||||
Micron Technology, Inc. | 180,977 | 12,311,865 | ||||
NVIDIA Corp. | 456,524 | 198,583,375 | ||||
NXP Semiconductors NV (China) | 175,066 | 34,999,195 | ||||
470,764,487 | ||||||
Software — 10.0% | ||||||
Adobe, Inc.* | 172,619 | 88,018,428 | ||||
Cadence Design Systems, Inc.* | 200,116 | 46,887,179 | ||||
Crowdstrike Holdings, Inc. (Class A Stock)* | 118,373 | 19,813,273 | ||||
Microsoft Corp. | 815,990 | 257,648,842 | ||||
Salesforce, Inc.* | 434,838 | 88,176,450 | ||||
500,544,172 | ||||||
Specialized REITs — 0.3% | ||||||
American Tower Corp. | 101,561 | 16,701,706 | ||||
Specialty Retail — 1.1% | ||||||
Home Depot, Inc. (The) | 76,303 | 23,055,714 | ||||
Lowe’s Cos., Inc. | 121,017 | 25,152,173 | ||||
Ulta Beauty, Inc.* | 20,999 | 8,388,051 | ||||
56,595,938 | ||||||
Technology Hardware, Storage & Peripherals — 5.5% | ||||||
Apple, Inc. | 1,223,667 | 209,504,027 | ||||
Dell Technologies, Inc. (Class C Stock) | 960,796 | 66,198,845 | ||||
275,702,872 | ||||||
Textiles, Apparel & Luxury Goods — 2.3% | ||||||
Lululemon Athletica, Inc.* | 107,365 | 41,401,018 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 70,250 | 53,026,854 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Textiles, Apparel & Luxury Goods (cont’d.) | ||||||
NIKE, Inc. (Class B Stock) | 219,573 | $20,995,570 | ||||
115,423,442 | ||||||
Total Common Stocks (cost $2,780,944,867) | 4,916,156,051 | |||||
Preferred Stock — 0.2% | ||||||
Automobiles | ||||||
Dr. Ing. h.c. F. Porsche AG (Germany) (PRFC), 144A | 127,501 | 11,963,050 | ||||
(cost $10,273,218) | ||||||
Total Long-Term Investments (cost $2,791,218,085) | 4,928,119,101 | |||||
Short-Term Investments — 5.1% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wb) | 103,452,499 | 103,452,499 | ||||
PGIM Institutional Money Market Fund (cost $154,272,419; includes $153,726,808 of cash collateral for securities on loan)(b)(wb) | 154,537,856 | 154,445,134 | ||||
Total Short-Term Investments (cost $257,724,918) | 257,897,633 | |||||
TOTAL INVESTMENTS—103.0% (cost $3,048,943,003) | 5,186,016,734 | |||||
Liabilities in excess of other assets — (3.0)% | (152,992,914) | |||||
Net Assets — 100.0% | $5,033,023,820 |
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 $149,474,422; cash collateral of $153,726,808 (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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