N-Q 1 d558526dnq.htm PRUDENTIAL JENNISON BLEND FUND, INC. Prudential Jennison Blend Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number:    811-03336
Exact name of registrant as specified in charter:    Prudential Jennison Blend Fund, Inc.
Address of principal executive offices:   

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Name and address of agent for service:   

Deborah A. Docs

Gateway Center 3,

100 Mulberry Street,

Newark, New Jersey 07102

Registrant’s telephone number, including area code:    800-225-1852
Date of fiscal year end:    8/31/2013
Date of reporting period:    5/31/2013

 

 

 

Item 1. Schedule of Investments

Prudential Jennison Blend Fund, Inc.

Schedule of Investments

as of May 31, 2013 (Unaudited)

 

     Shares      Value  

LONG-TERM INVESTMENTS — 99.2%

      

COMMON STOCKS

      

Aerospace & Defense — 3.2%

      

Boeing Co. (The)

      101,422       $   10,042,806   

Moog, Inc. (Class A Stock)*

      41,830         2,094,428   

Precision Castparts Corp.

      44,953         9,616,346   

Teledyne Technologies, Inc.*

      33,672         2,600,152   

TransDigm Group, Inc.

      59,267         8,658,909   

Triumph Group, Inc.

      9,308         722,766   
     

 

 

  
        33,735,407   
     

 

 

  

Air Freight & Logistics — 0.6%

      

FedEx Corp.

      63,253         6,093,794   
     

 

 

  

Airlines — 1.0%

      

Allegiant Travel Co.(a)

      6,054         560,055   

United Continental Holdings, Inc.*(a)

      312,123         10,131,513   
     

 

 

  
        10,691,568   
     

 

 

  

Auto Components — 0.8%

      

Lear Corp.

      125,651         7,536,547   

Tenneco, Inc.*

      12,832         569,227   
     

 

 

  
        8,105,774   
     

 

 

  

Biotechnology — 4.0%

      

Alexion Pharmaceuticals, Inc.*

      63,780         6,221,101   

Biogen Idec, Inc.*

      49,088         11,657,909   

BioMarin Pharmaceutical, Inc.*

      74,063         4,643,750   

Gilead Sciences, Inc.*(a)

      223,200         12,159,936   

KYTHERA Biopharmaceuticals, Inc.*

      15,793         337,812   

United Therapeutics Corp.*(a)

      15,793         1,049,761   

Vertex Pharmaceuticals, Inc.*

      67,906         5,453,531   
     

 

 

  
        41,523,800   
     

 

 

  

Building Products

      

A.O. Smith Corp.

      7,362         288,590   
     

 

 

  

Capital Markets — 3.8%

      

Eaton Vance Corp.(a)

      83,973         3,485,719   

Evercore Partners, Inc. (Class A Stock)

      42,685         1,695,448   

Goldman Sachs Group, Inc. (The)

      62,737         10,168,413   

Morgan Stanley

      673,637         17,447,198   

Piper Jaffray Cos.*

      35,010         1,250,207   

Stifel Financial Corp.*(a)

      21,240         764,428   

Waddell & Reed Financial, Inc. (Class A Stock)

      98,122         4,517,537   
     

 

 

  
        39,328,950   
     

 

 

  

Chemicals — 1.8%

      

Albemarle Corp.(a)

      23,972         1,604,206   

Balchem Corp.

      28,057         1,347,017   

Cytec Industries, Inc.

      8,158         583,052   

Intrepid Potash, Inc.

      73,944         1,388,668   

Monsanto Co.

      108,669         10,936,448   

Mosaic Co. (The)

      56,181         3,416,929   
     

 

 

  
        19,276,320   
     

 

 

  

Commercial Banks — 4.2%

      

Bank of Hawaii Corp.

      33,482         1,686,823   

BOK Financial Corp.

      73,167         4,763,172   

East West Bancorp, Inc.

      167,274         4,405,997   

First Republic Bank

      120,644         4,483,131   

FirstMerit Corp.

      39,876         752,460   

Fulton Financial Corp.

      32,763         376,447   

Home BancShares, Inc.

      7,188         302,615   

PNC Financial Services Group, Inc. (The)

      103,725         7,430,859   

Prosperity Bancshares, Inc.

      44,571         2,232,561   

Signature Bank*

      10,162         784,303   

Susquehanna Bancshares, Inc.

      39,357         472,678   

Texas Capital Bancshares, Inc.*

      24,512         1,082,450   

Webster Financial Corp.

      11,861         276,954   

Wells Fargo & Co.

      242,015         9,813,708   

Wintrust Financial Corp.(a)

      140,586         5,305,716   
     

 

 

  
        44,169,874   
     

 

 

  

Commercial Services & Supplies — 0.6%

      

Copart, Inc.*

      7,899         271,647   

Knoll, Inc.

      26,387         413,220   

Mobile Mini, Inc.*

      71,880         2,418,762   

West Corp.

      133,970         3,067,913   
     

 

 

  
        6,171,542   
     

 

 

  

Communications Equipment — 1.0%

      

Ciena Corp.*(a)

      42,016         703,348   

Finisar Corp.*(a)

      66,602         872,486   

JDS Uniphase Corp.*

      509,001         6,932,594   

NETGEAR, Inc.*

      53,318         1,774,423   
     

 

 

  
        10,282,851   
     

 

 

  

Computers & Peripherals — 1.0%

      

Apple, Inc.

      23,265         10,461,805   
     

 

 

  

Construction & Engineering — 0.4%

      

Great Lakes Dredge & Dock Corp.

      335,648         2,785,878   

URS Corp.

      24,292         1,176,705   
     

 

 

  
        3,962,583   
     

 

 

  

Consumer Finance — 0.5%

      

Capital One Financial Corp.

      93,631         5,704,937   
     

 

 

  

Diversified Financial Services — 2.2%

      

Citigroup, Inc.

      196,306         10,205,949   

ING US, Inc.*

      188,471         5,377,078   

JPMorgan Chase & Co.

      142,102         7,757,348   
     

 

 

  
        23,340,375   
     

 

 

  

Diversified Telecommunication Services — 1.6%

      

Cogent Communications Group, Inc.

      155,777         4,282,310   

Frontier Communications Corp.(a)

      523,004         2,165,237   

Lumos Networks Corp.

      33,237         456,676   

tw telecom, inc.*

      105,275         3,003,496   

Vivendi SA (France)

      331,559         6,489,384   
     

 

 

  
        16,397,103   
     

 

 

  

Electric Utilities — 0.7%

      

EDP - Energias de Portugal SA (Portugal)

      1,787,144         5,763,315   

ITC Holdings Corp.

      18,852         1,632,018   
     

 

 

  
        7,395,333   
     

 

 

  

Electrical Equipment — 0.2%

      

Polypore International, Inc.*(a)

      43,570         1,639,103   
     

 

 

  

Electronic Equipment & Instruments — 1.3%

      

Flextronics International Ltd. (Singapore)*

      1,324,722         9,882,426   

FLIR Systems, Inc.

      87,930         2,141,975   

Rogers Corp.*

      29,489         1,364,456   
     

 

 

  
        13,388,857   
     

 

 

  

Energy Equipment & Services — 2.8%

      

Dresser-Rand Group, Inc.*

      69,229         4,195,277   

Dril-Quip, Inc.*

      35,150         3,179,318   

FMC Technologies, Inc.*

      94,778         5,275,343   

Halliburton Co.

      178,676         7,477,591   

National Oilwell Varco, Inc.

      91,629         6,441,519   

Superior Energy Services, Inc.*

      98,122         2,617,895   
     

 

 

  
        29,186,943   
     

 

 

  

Food & Staples Retailing — 2.4%

      

Costco Wholesale Corp.

      72,299         7,929,031   

Harris Teeter Supermarkets, Inc.

      40,971         1,925,637   

Susser Holdings Corp.*

      8,288         392,354   

United Natural Foods, Inc.*

      33,706         1,783,721   

Wal-Mart Stores, Inc.

      61,906         4,633,045   

Whole Foods Market, Inc.

      165,516         8,583,660   
     

 

 

  
        25,247,448   
     

 

 

  

Food Products — 3.3%

      

Adecoagro SA (Luxembourg)*

      192,171         1,420,144   

B&G Foods, Inc.

      13,305         382,918   

Boulder Brands, Inc.*(a)

      30,154         316,315   

Bunge Ltd. (Bermuda)

      114,109         7,941,986   

Dean Foods Co.*(a)

      143,583         1,506,186   

Hain Celestial Group, Inc. (The)*(a)

      61,587         4,102,926   

Mondelez International, Inc. (Class A Stock)

      300,261         8,845,689   

Post Holdings, Inc.*

      6,331         267,105   

SunOpta, Inc. (Canada)*

      107,612         841,526   

Tyson Foods, Inc. (Class A Stock)

      312,895         7,822,375   

WhiteWave Foods Co. (The) (Class A Stock)

      36,677         639,655   

WhiteWave Foods Co. (The) (Class B Stock)(a)

      52,235         863,967   
     

 

 

  
        34,950,792   
     

 

 

  

Healthcare Equipment & Supplies — 1.2%

      

Abbott Laboratories

      135,959         4,985,616   

DexCom, Inc.*

      68,083         1,418,169   

Insulet Corp.*

      166,057         4,958,462   

Masimo Corp.

      13,801         298,792   

West Pharmaceutical Services, Inc.

      11,183         766,595   
     

 

 

  
        12,427,634   
     

 

 

  

Healthcare Providers & Services — 4.4%

      

Air Methods Corp.(a)

      162,747         6,093,248   

Bio-Reference Labs, Inc.*(a)

      112,470         3,469,699   

Centene Corp.*

      36,885         1,825,807   

Express Scripts Holding Co.*

      82,503         5,125,086   

Gentiva Health Services, Inc.*

      77,236         823,336   

HCA Holdings, Inc.

      188,402         7,358,982   

Magellan Health Services, Inc.*

      33,273         1,813,379   

MWI Veterinary Supply, Inc.*

      23,342         2,836,286   

Patterson Cos., Inc

      15,978         624,420   

Team Health Holdings, Inc.*

      61,039         2,384,794   

UnitedHealth Group, Inc.

      120,581         7,551,988   

Universal Health Services, Inc. (Class B Stock)

      81,764         5,653,163   

Vanguard Health Systems, Inc.*

      72,377         964,062   
     

 

 

  
        46,524,250   
     

 

 

  

Hotels, Restaurants & Leisure — 2.5%

      

Bloomin’ Brands, Inc.*

      34,761         808,541   

Carnival Corp. (Panama)

      186,857         6,184,967   

Cheesecake Factory, Inc. (The)(a)

      102,452         4,089,884   

Dunkin’ Brands Group, Inc.

      151,758         6,009,617   

Starbucks Corp.

      95,632         6,031,510   

Vail Resorts, Inc.

      49,333         3,159,778   
     

 

 

  
        26,284,297   
     

 

 

  

Household Durables — 0.6%

      

D.R. Horton, Inc.(a)

      79,076         1,926,291   

Lennar Corp. (Class A Stock)(a)

      53,217         2,092,493   

Meritage Homes Corp.*

      11,209         530,858   

Toll Brothers, Inc.*(a)

      57,225         1,955,378   
     

 

 

  
        6,505,020   
     

 

 

  

Independent Power Producers & Energy Traders — 0.6%

      

Calpine Corp.*

      334,032         6,784,190   
     

 

 

  

Industrial Conglomerates

      

Carlisle Cos., Inc.

      6,964         455,515   
     

 

 

  

Insurance — 3.1%

      

HCC Insurance Holdings, Inc.

      11,619         497,874   

Markel Corp.*

      538         281,315   

MetLife, Inc.

      195,985         8,664,497   

Navigators Group, Inc. (The)*

      5,252         306,297   

Protective Life Corp.

      149,099         5,767,149   

StanCorp Financial Group, Inc.

      50,717         2,304,073   

Symetra Financial Corp.

      376,440         5,255,102   

White Mountains Insurance Group Ltd. (Bermuda)

      12,190         7,206,362   

W.R. Berkley Corp.

      42,749         1,751,427   
     

 

 

  
        32,034,096   
     

 

 

  

Internet & Catalog Retail — 2.4%

      

Amazon.com, Inc.*

      49,533         13,325,863   

priceline.com, Inc.*(a)

      12,782         10,275,833   

Vitacost.com, Inc.*(a)

      194,572         1,591,599   
     

 

 

  
        25,193,295   
     

 

 

  

Internet Software & Services — 4.0%

      

Brightcove, Inc.*

      105,656         790,307   

Cornerstone OnDemand, Inc.*

      29,489         1,198,433   

CoStar Group, Inc.*

      6,597         737,610   

ExactTarget, Inc.*(a)

      89,923         2,069,128   

Facebook, Inc. (Class A Stock)*

      248,703         6,055,918   

Google, Inc. (Class A Stock)*

      20,697         18,014,876   

LinkedIn Corp. (Class A Stock)*

      54,092         9,062,033   

Millennial Media, Inc.*(a)

      118,276         933,198   

Rackspace Hosting, Inc.*(a)

      71,830         2,695,780   
     

 

 

  
        41,557,283   
     

 

 

  

IT Services — 3.4%

      

DST Systems, Inc.

      26,363         1,797,429   

Gartner, Inc.*

      50,858         2,879,071   

Global Payments, Inc.

      10,669         511,685   

International Business Machines Corp.

      36,132         7,516,179   

InterXion Holding NV (Netherlands)*

      62,858         1,725,452   

MasterCard, Inc. (Class A Stock)

      33,163         18,911,201   

Vantiv, Inc. (Class A Stock)*

      48,899         1,301,203   

WEX, Inc.*

      16,806         1,241,459   
     

 

 

  
        35,883,679   
     

 

 

  

Life Sciences Tools & Services — 0.3%

      

Fluidigm Corp.*

      147,809         2,518,666   

PAREXEL International Corp.*

      8,715         398,188   
     

 

 

  
        2,916,854   
     

 

 

  

Machinery — 2.2%

      

AGCO Corp.

      21,532         1,194,380   

CIRCOR International, Inc.

      19,833         1,013,466   

Crane Co.

      35,788         2,138,333   

Gardner Denver, Inc.

      3,605         272,178   

IDEX Corp.

      23,128         1,273,196   

Lindsay Corp.

      13,513         1,097,931   

Nordson Corp.

      39,205         2,792,180   

Oshkosh Corp.*

      9,806         390,475   

RBC Bearings, Inc.*

      76,267         3,734,032   

SPX Corp.

      66,886         5,278,643   

Terex Corp.*

      13,939         499,992   

Wabtec Corp.

      7,361         809,784   

Watts Water Technologies, Inc. (Class A Stock)

      10,176         484,378   

Woodward, Inc.

      54,492         2,133,362   
     

 

 

  
        23,112,330   
     

 

 

  

Media — 2.9%

      

Cinemark Holdings, Inc.

      97,841         2,870,655   

Comcast Corp. (Class A Stock)

      203,095         8,154,264   

Liberty Global, Inc. (Class C Stock)*(a)

      145,180         9,972,414   

Walt Disney Co. (The)

      155,108         9,784,213   
     

 

 

  
        30,781,546   
     

 

 

  

Metals & Mining — 1.5%

      

Carpenter Technology Corp.

      7,643         368,087   

Goldcorp, Inc. (Canada)

      201,344         5,861,124   

Kinross Gold Corp. (Canada)(a)

      878,945         5,634,037   

McEwen Mining, Inc.*(a)

      209,037         533,044   

Reliance Steel & Aluminum Co.

      51,849         3,410,109   

Steel Dynamics, Inc.

      22,390         343,463   
     

 

 

  
        16,149,864   
     

 

 

  

Multiline Retail — 0.1%

      

J.C. Penney Co., Inc.*(a)

      79,529         1,398,120   
     

 

 

  

Oil, Gas & Consumable Fuels — 5.8%

      

Anadarko Petroleum Corp.

      103,475         9,050,958   

Bonanza Creek Energy, Inc.*

      66,836         2,482,957   

Denbury Resources, Inc.*

      187,050         3,432,367   

Marathon Oil Corp.

      219,789         7,558,544   

Noble Energy, Inc.

      144,924         8,354,868   

Occidental Petroleum Corp.

      95,644         8,805,943   

PDC Energy, Inc.*

      21,653         1,108,417   

Rosetta Resources, Inc.*

      119,945         5,620,623   

SemGroup Corp. (Class A Stock)

      66,302         3,468,921   

Suncor Energy, Inc. (Canada)

      231,429         7,020,441   

Targa Resources Corp.

      51,590         3,323,428   

Whiting Petroleum Corp.*

      19,570         901,590   
     

 

 

  
        61,129,057   
     

 

 

  

Personal Products — 1.3%

      

Avon Products, Inc.

      194,301         4,579,674   

Estee Lauder Cos., Inc. (The) (Class A Stock)

      133,255         9,032,024   
     

 

 

  
        13,611,698   
     

 

 

  

Pharmaceuticals — 3.8%

      

Actavis, Inc.*

      60,067         7,405,660   

Allergan, Inc.

      50,629         5,037,079   

Novo Nordisk A/S (Denmark), ADR

      50,202         8,087,542   

Pacira Pharmaceuticals, Inc.*(a)

      85,359         2,501,019   

Pfizer, Inc.

      268,981         7,324,353   

Sanofi (France), ADR

      133,032         7,062,669   

Teva Pharmaceutical Industries Ltd. (Israel), ADR

      71,839         2,744,250   
     

 

 

  
        40,162,572   
     

 

 

  

Professional Services — 0.6%

      

Corporate Executive Board Co. (The)

      38,197         2,337,274   

Dun & Bradstreet Corp. (The)

      15,962         1,566,511   

Equifax, Inc.

      4,702         286,352   

FTI Consulting, Inc.*

      30,446         1,156,643   

Insperity, Inc.

      10,867         327,749   

Robert Half International, Inc.

      19,935         692,941   
     

 

 

  
        6,367,470   
     

 

 

  

Real Estate Investment Trusts — 1.8%

      

Capstead Mortgage Corp.

      117,330         1,440,812   

Chatham Lodging Trust

      30,023         556,927   

Chimera Investment Corp.

      84,884         258,896   

Colony Financial, Inc.

      118,387         2,622,272   

CubeSmart

      17,138         268,210   

DCT Industrial Trust, Inc.

      74,811         552,105   

Extra Space Storage, Inc.

      14,114         591,236   

Hersha Hospitality Trust

      260,276         1,488,779   

MFA Financial, Inc.

      550,885         4,836,770   

Starwood Property Trust, Inc.

      108,015         2,740,341   

Summit Hotel Properties, Inc.

      309,466         3,054,429   
     

 

 

  
        18,410,777   
     

 

 

  

Road & Rail — 1.3%

      

Canadian Pacific Railway Ltd. (Canada)

      61,687         8,142,067   

Heartland Express, Inc.

      169,385         2,430,675   

Roadrunner Transportation Systems, Inc.*

      105,271         2,916,007   
     

 

 

  
        13,488,749   
     

 

 

  

Semiconductors & Semiconductor Equipment — 1.9%

      

ATMI, Inc.*

      125,524         2,996,258   

Avago Technologies Ltd. (Singapore)

      138,305         5,215,482   

Cavium, Inc.*(a)

      106,102         3,475,901   

Cree, Inc.*

      11,725         731,054   

Hittite Microwave Corp.*

      54,585         2,962,874   

Inphi Corp.*

      36,349         371,123   

Power Integrations, Inc.

      93,378         3,986,307   
     

 

 

  
        19,738,999   
     

 

 

  

Software — 5.3%

      

Aspen Technology Inc*

      31,483         964,010   

BroadSoft, Inc.*(a)

      46,974         1,302,119   

CA, Inc.

      259,136         7,077,004   

Cadence Design Systems, Inc.*(a)

      145,362         2,199,327   

CommVault Systems, Inc.*

      37,662         2,636,340   

Infoblox, Inc.*

      12,478         303,590   

Jive Software, Inc.*(a)

      34,953         590,706   

Microsoft Corp.

      357,615         12,473,611   

NetSuite, Inc.*(a)

      13,058         1,143,881   

QLIK Technologies, Inc.*

      79,768         2,453,664   

Red Hat, Inc.*

      99,928         4,819,528   

Salesforce.com, Inc.*(a)

      136,992         5,798,871   

 

SolarWinds, Inc.*

      43,986         1,854,010   

Splunk, Inc.*

      66,782         3,122,726   

Ultimate Software Group, Inc.*

      3,584         398,899   

VMware, Inc. (Class A Stock)*(a)

      72,728         5,172,415   

Workday, Inc. (Class A Stock)

      54,827         3,521,538   
     

 

 

  
        55,832,239   
     

 

 

  

Specialty Retail — 3.9%

      

American Eagle Outfitters, Inc.

      168,895         3,342,432   

ANN, Inc.*

      20,376         625,136   

Asbury Automotive Group, Inc.*

      80,893         3,332,791   

Chico’s FAS, Inc.

      120,915         2,183,725   

DSW, Inc. (Class A Stock)(a)

      16,729         1,237,779   

Express, Inc.*

      145,487         3,171,617   

Foot Locker, Inc.

      40,401         1,386,562   

Inditex SA (Spain), ADR

      296,363         7,337,948   

Mattress Firm Holding Corp.*(a)

      69,702         2,506,484   

Pier 1 Imports, Inc.(a)

      204,649         4,745,810   

TJX Cos., Inc.

      212,639         10,761,660   

Urban Outfitters, Inc.*

      12,369         518,632   
     

 

 

  
        41,150,576   
     

 

 

  

Textiles, Apparel & Luxury Goods — 4.5%

      

Deckers Outdoor Corp.*(a)

      15,218         816,902   

Lululemon Athletica, Inc.*(a)

      64,643         5,029,872   

Michael Kors Holdings Ltd. (British Virgin Islands)*

      150,529         9,456,232   

NIKE, Inc. (Class B Stock)

      169,868         10,474,061   

Prada SpA (Italy)

      783,600         7,510,307   

PVH Corp.

      28,321         3,262,296   

Quiksilver, Inc.*

      72,180         568,056   

Ralph Lauren Corp.

      43,114         7,548,830   

Vera Bradley, Inc.*(a)

      99,792         2,345,112   
     

 

 

  
        47,011,668   
     

 

 

  

Thrifts & Mortgage Finance — 0.1%

      

Provident Financial Services, Inc.

      43,467         661,568   

WSFS Financial Corp.

      5,567         279,686   
     

 

 

  
        941,254   
     

 

 

  

Water Utilities — 0.4%

      

American States Water Co.

      25,050         1,330,907   

Aqua America, Inc.

      96,592         3,003,045   
     

 

 

  
        4,333,952   
     

 

 

  

Wireless Telecommunication Services — 1.9%

      

NII Holdings, Inc.*

      910,075         7,016,678   

NTELOS Holdings Corp.

      33,261         544,483   

SBA Communications Corp. (Class A Stock)*(a)

      157,566         11,859,993   
     

 

 

  
        19,421,154   
     

 

 

  

TOTAL LONG-TERM INVESTMENTS
(cost $767,289,317)

         1,040,951,887   
     

 

 

  

SHORT-TERM INVESTMENT — 11.4%

      

AFFILIATED MONEY MARKET MUTUAL FUND

      

Prudential Investment Portfolios 2 - Prudential Core Taxable Money Market Fund
(cost $119,585,328; includes $111,059,754 of cash collateral for securities on loan)(b)(c)

      119,585,328         119,585,328   
     

 

 

  

 

 

TOTAL INVESTMENTS — 110.6%
(cost $886,874,645)(d)

      1,160,537,215   

LIABILITIES IN EXCESS OF OTHER ASSETS — (10.6)%

      (110,904,663 ) 
  

 

 

  

NET ASSETS — 100.0%

    $ 1,049,632,552   
  

 

 

  

 

The following abbreviation is used in the portfolio descriptions:

ADR—American Depositary Receipt

* 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 $106,763,947; cash collateral of $111,059,754 (included with liabilities) was received with which the Fund purchased highly liquid short-term investments.
(b) Represents security, or a portion thereof, purchased with cash collateral received for securities on loan.
(c) Prudential Investments LLC, the manager of the Fund, also serves as manager of the Prudential Investment Portfolios 2—Prudential Core Taxable Money Market Fund.
(d) The United States federal income tax basis of the Fund’s investments was $903,525,929; accordingly, net unrealized appreciation on investments for federal income tax purposes was $257,011,286 (gross unrealized appreciation $270,511,049; gross unrealized depreciation $13,499,763). The difference between book and tax basis is primarily attributable to deferred losses on wash sales, investments in passive foreign investment companies and other cost basis differences between financial and tax reporting as of the most recent fiscal year end.

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.

Level 1 - quoted prices generally in active markets for identical securities.

Level 2 - other significant observable inputs including, but not limited to, quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates, and amortized cost.

Level 3 - significant unobservable inputs for securities valued in accordance with Board approved fair valuation procedures.

The following is a summary of the inputs used as of May 31, 2013 in valuing such portfolio securities:

 

     Level 1      Level 2      Level 3  

Investments in Securities

         

Common Stocks

    $ 1,021,188,881       $ 19,763,006       $ —     

Affiliated Money Market Mutual Fund

      119,585,328         —           —     
  

 

 

     

 

 

     

 

 

  

Total

    $ 1,140,774,209       $ 19,763,006       $ —     
  

 

 

     

 

 

     

 

 

  

 

Notes to Schedule of Investments (Unaudited)

Securities Valuation: The Fund holds portfolio securities and other assets that are fair valued at the close of each day the New York Stock Exchange (“NYSE”) is open for trading. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Board of Directors (the “Board”) has delegated fair valuation responsibilities to Prudential Investments LLC (“PI” or “Manager”) through the adoption of Valuation Procedures for valuation of the Fund’s securities. Under the current Valuation Procedures, a Valuation Committee is established and responsible for supervising the valuation of portfolio securities and other assets. The Valuation Procedures allow the Fund to utilize independent pricing vendor services, quotations from market makers and other valuation methods in events when market quotations are not readily available or not representative of the fair value of the securities. A record of the Valuation Committee’s actions is subject to review, approval and ratification by the Board at its next regularly scheduled quarterly meeting.

Various inputs are used in determining the value of the Fund’s investments, which are summarized in the three broad level hierarchies based on any observable inputs used as described in the table following the Schedule of Investments. The valuation methodologies and significant inputs used in determining the fair value of securities and other assets classified as Level 1, Level 2 and Level 3 of the hierarchy are as follows:

Common stocks, exchange-traded funds and financial derivative instruments (including futures contracts and certain options and swap contracts on securities), that are traded on a national securities exchange are valued at the last sale price as of the close of trading on the applicable exchange. Securities traded via NASDAQ are valued at the NASDAQ official closing price. To the extent these securities are valued at the last sale price or NASDAQ official closing price, they are classified as Level 1 of the fair value hierarchy.

In the event there is no sale or official closing price on such day, these securities are valued at the mean between the last reported bid and asked prices, or at the last bid price in absence of an asked price. These securities are classified as Level 2 of the fair value hierarchy as these inputs are considered as significant other observable inputs to the valuation.

For common stocks traded on foreign securities exchanges, certain valuation adjustments will be applied when events occur after the close of the security’s foreign market and before the Fund’s normal pricing time. These securities are valued using pricing vendor services that provide model prices derived using adjustment factors based on information such as local closing price, relevant general and sector indices, currency fluctuations, depositary receipts, and futures, as applicable. Securities valued using such model prices are classified as Level 2 of the fair value hierarchy as the adjustment factors are considered as significant other observable inputs to the valuation.

Investments in open-end, non-exchange-traded mutual funds are valued at their net asset values as of the close of the NYSE on the date of valuation. These securities are classified as Level 1 as they have the ability to be purchased or sold at their net asset values on the date of valuation.

Fixed income securities traded in the over-the-counter market, such as corporate bonds, municipal bonds, U.S. Government agencies issues and guaranteed obligations, U.S. Treasury obligations and sovereign issues are usually valued at prices provided by approved independent pricing vendors. The pricing vendors provide these prices usually after evaluating observable inputs including yield curves, credit rating, yield spreads, default rates, cash flows as well as broker/dealer quotations and reported trades. Securities valued using such vendor prices are classified as Level 2 of the fair value hierarchy.

Asset-backed and mortgage-related securities are usually valued by approved independent pricing vendors. The pricing vendors provide the prices using their internal pricing models with input from deal terms, tranche level attributes, yield curves, prepayment speeds, default rates and broker/dealer quotes. Securities valued using such vendor prices are classified as Level 2 of the fair value hierarchy.

Short-term debt securities of sufficient credit quality, which mature in sixty days or less, are valued using amortized cost method, which approximates fair value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. These securities are categorized as Level 2 of the fair value hierarchy.

 

Over-the-counter financial derivative instruments, such as option contracts, foreign currency contracts and swaps agreements, are usually valued using pricing vendor services, which derive the valuation based on underlying asset prices, indices, spreads, interest rates, exchange rates and other inputs. These instruments are categorized as Level 2 of the fair value hierarchy.

Securities and other assets that cannot be priced using the methods described above are valued with pricing methodologies approved by the Valuation Committee. In the event there are unobservable inputs used when determining such valuations, the securities will be classified as Level 3 of the fair value hierarchy.

When determining the fair value of securities, some of the factors influencing the valuation include: the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of the issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

The Fund invests in the Prudential Core Taxable Money Market Fund, a portfolio of the Prudential Investment Portfolios 2, registered under the Investment Company Act of 1940, as amended, and managed by PI.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

Item 2. Controls and Procedures

 

  (a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant) Prudential Jennison Blend Fund, Inc.   
By (Signature and Title)*   

/s/ Deborah A. Docs

   
   Deborah A. Docs   
   Secretary of the Fund   

Date July 22, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)*   

/s/ Stuart S. Parker

   
   Stuart S. Parker   
   President and Principal Executive Officer   

Date July 22, 2013

 

By (Signature and Title)*   

/s/ Grace C. Torres

   
   Grace C. Torres   
   Treasurer and Principal Financial Officer   

Date July 22, 2013

 

* Print the name and title of each signing officer under his or her signature.