PSF PGIM JENNISON BLEND PORTFOLIO
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Long-Term Investments — 99.4% | ||||||
Common Stocks | ||||||
Banks — 6.8% | ||||||
Bank of America Corp. | 3,261,104 | $123,661,064 | ||||
East West Bancorp, Inc. | 492,445 | 38,957,324 | ||||
JPMorgan Chase & Co. | 856,188 | 171,494,456 | ||||
Pinnacle Financial Partners, Inc. | 187,580 | 16,109,370 | ||||
PNC Financial Services Group, Inc. (The) | 252,833 | 40,857,813 | ||||
Truist Financial Corp. | 1,001,439 | 39,036,092 | ||||
430,116,119 | ||||||
Biotechnology — 2.0% | ||||||
AbbVie, Inc. | 230,191 | 41,917,781 | ||||
Amgen, Inc. | 285,910 | 81,289,931 | ||||
123,207,712 | ||||||
Broadline Retail — 4.3% | ||||||
Amazon.com, Inc.* | 1,348,523 | 243,246,579 | ||||
MercadoLibre, Inc. (Brazil)* | 19,069 | 28,831,565 | ||||
272,078,144 | ||||||
Building Products — 0.5% | ||||||
AZEK Co., Inc. (The)* | 683,232 | 34,311,911 | ||||
Capital Markets — 1.3% | ||||||
Goldman Sachs Group, Inc. (The) | 76,918 | 32,127,879 | ||||
Houlihan Lokey, Inc. | 124,275 | 15,930,812 | ||||
XP, Inc. (Brazil) (Class A Stock) | 1,274,322 | 32,699,103 | ||||
80,757,794 | ||||||
Commercial Services & Supplies — 0.3% | ||||||
Republic Services, Inc. | 107,590 | 20,597,030 | ||||
Communications Equipment — 1.3% | ||||||
Cisco Systems, Inc. | 1,628,767 | 81,291,761 | ||||
Construction & Engineering — 0.3% | ||||||
Quanta Services, Inc. | 79,686 | 20,702,423 | ||||
Construction Materials — 0.6% | ||||||
Martin Marietta Materials, Inc. | 59,548 | 36,558,899 | ||||
Consumer Finance — 0.3% | ||||||
Ally Financial, Inc. | 430,251 | 17,463,888 | ||||
Consumer Staples Distribution & Retail — 1.6% | ||||||
Costco Wholesale Corp. | 21,309 | 15,611,613 | ||||
Performance Food Group Co.* | 336,197 | 25,093,744 | ||||
Walmart, Inc. | 1,028,466 | 61,882,799 | ||||
102,588,156 | ||||||
Containers & Packaging — 0.6% | ||||||
Avery Dennison Corp. | 82,200 | 18,351,150 | ||||
Crown Holdings, Inc. | 214,018 | 16,963,067 | ||||
35,314,217 | ||||||
Diversified Consumer Services — 0.3% | ||||||
Service Corp. International | 232,729 | 17,270,819 | ||||
Diversified Telecommunication Services — 1.1% | ||||||
AT&T, Inc. | 2,753,406 | 48,459,946 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Diversified Telecommunication Services (cont’d.) | ||||||
Verizon Communications, Inc. | 548,946 | $23,033,774 | ||||
71,493,720 | ||||||
Electrical Equipment — 0.6% | ||||||
AMETEK, Inc. | 113,102 | 20,686,356 | ||||
nVent Electric PLC | 231,791 | 17,477,041 | ||||
38,163,397 | ||||||
Electronic Equipment, Instruments & Components — 0.3% | ||||||
CDW Corp. | 78,880 | 20,175,926 | ||||
Energy Equipment & Services — 0.3% | ||||||
Halliburton Co. | 518,233 | 20,428,745 | ||||
Entertainment — 1.9% | ||||||
Netflix, Inc.* | 199,220 | 120,992,283 | ||||
Financial Services — 3.3% | ||||||
Apollo Global Management, Inc. | 320,857 | 36,080,370 | ||||
Mastercard, Inc. (Class A Stock) | 42,868 | 20,643,943 | ||||
Visa, Inc. (Class A Stock)(a) | 540,358 | 150,803,110 | ||||
207,527,423 | ||||||
Food Products — 0.3% | ||||||
Darling Ingredients, Inc.* | 403,065 | 18,746,553 | ||||
Health Care Equipment & Supplies — 1.2% | ||||||
Intuitive Surgical, Inc.* | 187,124 | 74,679,317 | ||||
Health Care Providers & Services — 4.6% | ||||||
Centene Corp.* | 877,878 | 68,895,865 | ||||
Cigna Group (The)(a) | 212,727 | 77,260,319 | ||||
Molina Healthcare, Inc.* | 82,372 | 33,840,889 | ||||
UnitedHealth Group, Inc. | 219,771 | 108,720,714 | ||||
288,717,787 | ||||||
Hotels, Restaurants & Leisure — 2.0% | ||||||
Darden Restaurants, Inc. | 111,257 | 18,596,608 | ||||
Marriott International, Inc. (Class A Stock) | 77,132 | 19,461,175 | ||||
McDonald’s Corp. | 318,713 | 89,861,130 | ||||
127,918,913 | ||||||
Household Durables — 0.9% | ||||||
Lennar Corp. (Class A Stock) | 126,913 | 21,826,498 | ||||
Toll Brothers, Inc. | 261,268 | 33,800,241 | ||||
55,626,739 | ||||||
Household Products — 0.7% | ||||||
Procter & Gamble Co. (The) | 285,521 | 46,325,782 | ||||
Independent Power & Renewable Electricity Producers — 0.5% | ||||||
Vistra Corp. | 483,508 | 33,676,332 | ||||
Industrial Conglomerates — 0.3% | ||||||
General Electric Co. | 96,663 | 16,967,256 | ||||
Insurance — 5.1% | ||||||
Chubb Ltd. | 527,101 | 136,587,682 | ||||
Markel Group, Inc.* | 19,407 | 29,527,362 | ||||
Marsh & McLennan Cos., Inc. | 501,967 | 103,395,163 | ||||
Progressive Corp. (The) | 76,217 | 15,763,200 |
A1
PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (unaudited) |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Insurance (cont’d.) | ||||||
RenaissanceRe Holdings Ltd. (Bermuda) | 141,008 | $33,141,110 | ||||
318,414,517 | ||||||
Interactive Media & Services — 8.2% | ||||||
Alphabet, Inc. (Class A Stock)* | 2,057,257 | 310,501,799 | ||||
Meta Platforms, Inc. (Class A Stock) | 416,996 | 202,484,918 | ||||
512,986,717 | ||||||
IT Services — 1.5% | ||||||
International Business Machines Corp. | 283,521 | 54,141,170 | ||||
MongoDB, Inc.*(a) | 119,987 | 43,032,138 | ||||
97,173,308 | ||||||
Leisure Products — 0.3% | ||||||
Brunswick Corp.(a) | 176,628 | 17,048,135 | ||||
Machinery — 3.9% | ||||||
Caterpillar, Inc. | 154,063 | 56,453,305 | ||||
Fortive Corp. | 633,150 | 54,463,563 | ||||
Otis Worldwide Corp. | 614,838 | 61,034,968 | ||||
Parker-Hannifin Corp. | 129,822 | 72,153,770 | ||||
244,105,606 | ||||||
Office REITs — 0.5% | ||||||
Alexandria Real Estate Equities, Inc. | 246,281 | 31,748,084 | ||||
Oil, Gas & Consumable Fuels — 3.7% | ||||||
Cheniere Energy, Inc. | 184,540 | 29,762,611 | ||||
ConocoPhillips | 649,787 | 82,704,890 | ||||
Diamondback Energy, Inc. | 92,302 | 18,291,487 | ||||
Williams Cos., Inc. (The) | 2,604,422 | 101,494,325 | ||||
232,253,313 | ||||||
Passenger Airlines — 0.8% | ||||||
Delta Air Lines, Inc. | 1,035,620 | 49,575,129 | ||||
Pharmaceuticals — 3.4% | ||||||
AstraZeneca PLC (United Kingdom), ADR(a) | 460,532 | 31,201,043 | ||||
Eli Lilly & Co. | 150,674 | 117,218,345 | ||||
Novo Nordisk A/S (Denmark), ADR(a) | 522,624 | 67,104,922 | ||||
215,524,310 | ||||||
Residential REITs — 0.3% | ||||||
AvalonBay Communities, Inc. | 91,103 | 16,905,073 | ||||
Semiconductors & Semiconductor Equipment — 10.9% | ||||||
Advanced Micro Devices, Inc.* | 433,086 | 78,167,692 | ||||
Applied Materials, Inc. | 407,842 | 84,109,256 | ||||
ASML Holding NV (Netherlands) | 32,043 | 31,096,770 | ||||
Broadcom, Inc. | 146,579 | 194,277,272 | ||||
Intel Corp. | 372,380 | 16,448,025 | ||||
NVIDIA Corp. | 309,940 | 280,049,386 | ||||
684,148,401 | ||||||
Software — 9.7% | ||||||
Adobe, Inc.* | 168,270 | 84,909,042 | ||||
Microsoft Corp. | 1,044,433 | 439,413,852 |
Shares | Value | |||||
Common Stocks (continued) | ||||||
Software (cont’d.) | ||||||
Salesforce, Inc. | 286,444 | $86,271,204 | ||||
610,594,098 | ||||||
Specialized REITs — 0.5% | ||||||
Gaming & Leisure Properties, Inc. | 618,329 | 28,486,417 | ||||
Specialty Retail — 1.6% | ||||||
Ross Stores, Inc. | 150,822 | 22,134,636 | ||||
TJX Cos., Inc. (The) | 783,228 | 79,434,984 | ||||
101,569,620 | ||||||
Technology Hardware, Storage & Peripherals — 7.3% | ||||||
Apple, Inc. | 2,449,283 | 420,003,049 | ||||
Dell Technologies, Inc. (Class C Stock) | 322,718 | 36,825,351 | ||||
456,828,400 | ||||||
Textiles, Apparel & Luxury Goods — 3.0% | ||||||
Lululemon Athletica, Inc.* | 174,683 | 68,239,914 | ||||
LVMH Moet Hennessy Louis Vuitton SE (France) | 98,641 | 88,756,851 | ||||
Ralph Lauren Corp. | 175,431 | 32,938,925 | ||||
189,935,690 | ||||||
Trading Companies & Distributors — 0.5% | ||||||
Watsco, Inc.(a) | 76,747 | 33,152,402 | ||||
Total Long-Term Investments (cost $3,890,843,661) | 6,254,148,266 | |||||
Short-Term Investments — 3.6% | ||||||
Affiliated Mutual Funds | ||||||
PGIM Core Ultra Short Bond Fund(wb) | 22,051,208 | 22,051,208 | ||||
PGIM Institutional Money Market Fund (7-day effective yield 5.664%) (cost $201,327,212; includes $200,273,610 of cash collateral for securities on loan)(b)(wb) | 201,611,228 | 201,510,422 | ||||
Total Short-Term Investments (cost $223,378,420) | 223,561,630 | |||||
TOTAL INVESTMENTS—103.0% (cost $4,114,222,081) | 6,477,709,896 | |||||
Liabilities in excess of other assets — (3.0)% | (186,858,854) | |||||
Net Assets — 100.0% | $6,290,851,042 |
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 |
A2
PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS | as of March 31, 2024 (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 $195,622,303; cash collateral of $200,273,610 (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).
A3