PSF PGIM JENNISON GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 100.1% | ||||||
Common Stocks | ||||||
Aerospace & Defense — 0.8% | ||||||
Boeing Co. (The)* | 136,760 | $26,393,312 | ||||
Automobiles — 1.5% | ||||||
Tesla, Inc.* | 294,798 | 51,822,540 | ||||
Banks — 0.4% | ||||||
NU Holdings Ltd. (Brazil) (Class A Stock)* | 1,108,487 | 13,224,250 | ||||
Biotechnology — 1.5% | ||||||
Vertex Pharmaceuticals, Inc.* | 123,166 | 51,484,620 | ||||
Broadline Retail — 9.4% | ||||||
Amazon.com, Inc.* | 1,527,210 | 275,478,140 | ||||
MercadoLibre, Inc. (Brazil)* | 33,732 | 51,001,434 | ||||
326,479,574 | ||||||
Capital Markets — 1.8% | ||||||
Goldman Sachs Group, Inc. (The) | 76,329 | 31,881,860 | ||||
Moody’s Corp. | 81,339 | 31,968,667 | ||||
63,850,527 | ||||||
Consumer Staples Distribution & Retail — 1.6% | ||||||
Costco Wholesale Corp. | 75,478 | 55,297,447 | ||||
Electrical Equipment — 0.5% | ||||||
Eaton Corp. PLC | 56,204 | 17,573,867 | ||||
Electronic Equipment, Instruments & Components — 0.6% | ||||||
Keysight Technologies, Inc.* | 142,314 | 22,255,063 | ||||
Entertainment — 4.0% | ||||||
Netflix, Inc.* | 171,687 | 104,270,666 | ||||
Walt Disney Co. (The) | 295,564 | 36,165,211 | ||||
140,435,877 | ||||||
Financial Services — 5.9% | ||||||
Adyen NV (Netherlands), 144A* | 10,243 | 17,301,829 | ||||
Mastercard, Inc. (Class A Stock) | 194,051 | 93,449,140 | ||||
Visa, Inc. (Class A Stock)(a) | 338,804 | 94,553,421 | ||||
205,304,390 | ||||||
Ground Transportation — 1.4% | ||||||
Uber Technologies, Inc.* | 654,753 | 50,409,433 | ||||
Health Care Equipment & Supplies — 1.3% | ||||||
Intuitive Surgical, Inc.* | 114,214 | 45,581,665 | ||||
Health Care Providers & Services — 1.4% | ||||||
UnitedHealth Group, Inc. | 96,036 | 47,509,009 | ||||
Hotels, Restaurants & Leisure — 2.8% | ||||||
Airbnb, Inc. (Class A Stock)* | 258,096 | 42,575,516 | ||||
Chipotle Mexican Grill, Inc.* | 7,788 | 22,637,925 | ||||
Marriott International, Inc. (Class A Stock) | 122,709 | 30,960,708 | ||||
96,174,149 | ||||||
Interactive Media & Services — 8.2% | ||||||
Alphabet, Inc. (Class A Stock)* | 374,127 | 56,466,988 | ||||
Alphabet, Inc. (Class C Stock)* | 370,594 | 56,426,643 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Interactive Media & Services (cont’d.) | ||||||
Meta Platforms, Inc. (Class A Stock) | 356,214 | $172,970,394 | ||||
285,864,025 | ||||||
IT Services — 2.1% | ||||||
MongoDB, Inc.* | 104,089 | 37,330,479 | ||||
Snowflake, Inc. (Class A Stock)* | 215,165 | 34,770,664 | ||||
72,101,143 | ||||||
Media — 0.8% | ||||||
Trade Desk, Inc. (The) (Class A Stock)* | 308,962 | 27,009,458 | ||||
Personal Care Products — 1.2% | ||||||
Estee Lauder Cos., Inc. (The) (Class A Stock) | 71,464 | 11,016,176 | ||||
L’Oreal SA (France) | 64,786 | 30,680,813 | ||||
41,696,989 | ||||||
Pharmaceuticals — 7.4% | ||||||
AstraZeneca PLC (United Kingdom), ADR | 522,669 | 35,410,825 | ||||
Eli Lilly & Co. | 180,060 | 140,079,478 | ||||
Novo Nordisk A/S (Denmark), ADR | 623,121 | 80,008,736 | ||||
255,499,039 | ||||||
Semiconductors & Semiconductor Equipment — 18.1% | ||||||
Advanced Micro Devices, Inc.* | 719,959 | 129,945,400 | ||||
ASML Holding NV (Netherlands) | 56,490 | 54,821,850 | ||||
Broadcom, Inc. | 107,509 | 142,493,504 | ||||
NVIDIA Corp. | 332,036 | 300,014,448 | ||||
627,275,202 | ||||||
Software — 16.8% | ||||||
Adobe, Inc.* | 88,972 | 44,895,271 | ||||
Cadence Design Systems, Inc.* | 159,259 | 49,574,142 | ||||
Crowdstrike Holdings, Inc. (Class A Stock)* | 128,489 | 41,192,289 | ||||
HubSpot, Inc.* | 44,878 | 28,118,760 | ||||
Microsoft Corp. | 658,664 | 277,113,118 | ||||
Palo Alto Networks, Inc.*(a) | 56,870 | 16,158,473 | ||||
Salesforce, Inc. | 222,358 | 66,969,782 | ||||
ServiceNow, Inc.* | 75,366 | 57,459,038 | ||||
581,480,873 | ||||||
Specialized REITs — 0.8% | ||||||
American Tower Corp. | 144,496 | 28,550,965 | ||||
Specialty Retail — 3.5% | ||||||
Home Depot, Inc. (The) | 127,830 | 49,035,588 | ||||
O’Reilly Automotive, Inc.* | 34,279 | 38,696,878 | ||||
TJX Cos., Inc. (The) | 324,382 | 32,898,822 | ||||
120,631,288 | ||||||
Technology Hardware, Storage & Peripherals — 3.4% | ||||||
Apple, Inc. | 690,937 | 118,481,877 | ||||
Textiles, Apparel & Luxury Goods — 2.9% | ||||||
Lululemon Athletica, Inc.* | 92,230 | 36,029,650 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 44,610 | 40,139,933 |
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PSF PGIM JENNISON GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Textiles, Apparel & Luxury Goods (cont’d.) | ||||||
NIKE, Inc. (Class B Stock) | 249,138 | $23,413,989 | ||||
99,583,572 | ||||||
Total Long-Term Investments (cost $1,456,132,864) | 3,471,970,154 | |||||
Short-Term Investments — 3.1% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wb) | 5,365,483 | 5,365,483 | ||||
PGIM Institutional Money Market Fund (7-day effective yield 5.664%) (cost $102,064,403; includes $101,574,208 of cash collateral for securities on loan)(b)(wb) | 102,262,624 | 102,211,493 | ||||
Total Short-Term Investments (cost $107,429,886) | 107,576,976 | |||||
TOTAL INVESTMENTS—103.2% (cost $1,563,562,750) | 3,579,547,130 | |||||
Liabilities in excess of other assets — (3.2)% | (109,470,337) | |||||
Net Assets — 100.0% | $3,470,076,793 |
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 |
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 $99,582,109; cash collateral of $101,574,208 (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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