NPORT-EX 2 PI62530PruSerJennisonPort.htm Jennison - [795731.TX]
JENNISON PORTFOLIO
SCHEDULE OF INVESTMENTS as of September 30, 2019 (unaudited)
      Shares   Value
Long-Term Investments — 99.8%    
Common Stocks
Aerospace & Defense — 5.3%
Airbus SE (France)
 149,439   $ 19,401,504
Boeing Co. (The)
 160,897   61,216,481
Safran SA (France)
 193,413   30,454,572
            111,072,557
Automobiles — 1.4%
Tesla, Inc.*(a)
 123,833   29,827,655
Banks — 0.9%
JPMorgan Chase & Co.
 153,383   18,051,645
Beverages — 0.5%
Constellation Brands, Inc. (Class A Stock)
 52,178   10,815,456
Biotechnology — 2.5%
BioMarin Pharmaceutical, Inc.*
 179,027   12,066,420
Exact Sciences Corp.*
 91,500   8,268,855
Sage Therapeutics, Inc.*(a)
 59,718   8,377,838
Vertex Pharmaceuticals, Inc.*
 143,210   24,262,638
            52,975,751
Capital Markets — 1.3%
S&P Global, Inc.
 112,586   27,581,318
Entertainment — 4.2%
Netflix, Inc.*
 211,829   56,689,677
Walt Disney Co. (The)
 240,275   31,312,638
            88,002,315
Equity Real Estate Investment Trusts (REITs) — 1.7%
American Tower Corp.
 96,113   21,253,468
Crown Castle International Corp.
 94,562   13,145,063
            34,398,531
Food & Staples Retailing — 2.2%
Costco Wholesale Corp.
 159,325   45,903,126
Health Care Equipment & Supplies — 4.3%
Danaher Corp.
 149,460   21,586,508
DexCom, Inc.*
 80,366   11,993,822
Edwards Lifesciences Corp.*
 117,926   25,933,106
Intuitive Surgical, Inc.*
 56,469   30,489,307
            90,002,743
Health Care Providers & Services — 0.1%
Guardant Health, Inc.*
 46,899   2,993,563
Hotels, Restaurants & Leisure — 2.2%
Chipotle Mexican Grill, Inc.*
 31,926   26,832,845
Marriott International, Inc. (Class A Stock)
 152,174   18,925,881
            45,758,726
Interactive Media & Services — 10.6%
Alphabet, Inc. (Class A Stock)*
 47,313   57,775,797
Alphabet, Inc. (Class C Stock)*
 47,335   57,701,365
Facebook, Inc. (Class A Stock)*
 402,277   71,637,488
Tencent Holdings Ltd. (China)
 824,946   34,747,048
            221,861,698
      Shares   Value
Common Stocks (continued)
Internet & Direct Marketing Retail — 8.7%
Alibaba Group Holding Ltd. (China), ADR*
 356,861   $ 59,677,865
Amazon.com, Inc.*
 69,795   121,157,839
            180,835,704
IT Services — 13.8%
Adyen NV (Netherlands), 144A*
 38,251   25,187,359
FleetCor Technologies, Inc.*
 121,782   34,924,642
Mastercard, Inc. (Class A Stock)
 330,138   89,655,577
PayPal Holdings, Inc.*
 244,432   25,320,711
Shopify, Inc. (Canada) (Class A Stock)*(a)
 39,796   12,402,821
Square, Inc. (Class A Stock)*(a)
 231,411   14,335,912
Twilio, Inc. (Class A Stock)*(a)
 113,307   12,459,238
Visa, Inc. (Class A Stock)(a)
 434,840   74,796,828
            289,083,088
Leisure Products — 0.2%
Peloton Interactive, Inc. (Class A Stock)*(a)
 168,660   4,233,366
Life Sciences Tools & Services — 1.7%
Illumina, Inc.*
 119,712   36,418,785
Personal Products — 2.0%
Estee Lauder Cos., Inc. (The) (Class A Stock)
 204,873   40,759,483
Pharmaceuticals — 1.8%
AstraZeneca PLC (United Kingdom), ADR
 844,886   37,656,569
Road & Rail — 1.4%
Uber Technologies, Inc.*(a)
 191,521   5,835,645
Union Pacific Corp.
 145,127   23,507,671
            29,343,316
Semiconductors & Semiconductor Equipment — 5.4%
Broadcom, Inc.
 83,295   22,995,251
NVIDIA Corp.
 250,310   43,571,462
QUALCOMM, Inc.
 408,822   31,184,942
Universal Display Corp.
 30,975   5,200,702
Xilinx, Inc.
 104,508   10,022,317
            112,974,674
Software — 15.4%
Adobe, Inc.*
 210,019   58,017,749
Microsoft Corp.
 741,135   103,039,999
salesforce.com, Inc.*
 553,645   82,183,064
ServiceNow, Inc.*
 98,772   25,073,272
Splunk, Inc.*(a)
 221,814   26,142,998
Workday, Inc. (Class A Stock)*
 155,486   26,426,400
            320,883,482
Specialty Retail — 1.6%
Home Depot, Inc. (The)
 140,755   32,657,975
Technology Hardware, Storage & Peripherals — 3.8%
Apple, Inc.
 355,339   79,585,276
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JENNISON PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2019 (unaudited)
      Shares   Value
Common Stocks (continued)
Textiles, Apparel & Luxury Goods — 6.8%
adidas AG (Germany)
 66,737   $ 20,772,877
Kering SA (France)
 62,045   31,610,463
Lululemon Athletica, Inc.*
 205,948   39,651,169
NIKE, Inc. (Class B Stock)
 540,798   50,791,748
            142,826,257
 
Total Long-Term Investments

(cost $1,043,217,858)
   2,086,503,059
Short-Term Investments — 8.8%    
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
 672,295   672,295
PGIM Institutional Money Market Fund

(cost $183,618,038; includes $183,247,574 of cash collateral for securities on loan)(b)(w)
 183,614,669   183,633,030
 
Total Short-Term Investments

(cost $184,290,333)
   184,305,325
 
TOTAL INVESTMENTS—108.6%

(cost $1,227,508,191)
   2,270,808,384
 
Liabilities in excess of other assets — (8.6)%
   (180,520,697 )
 
Net Assets — 100.0%
   $ 2,090,287,687
    
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 $179,109,996; cash collateral of $183,247,574 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments.
(b) Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(w) PGIM Investments LLC, the manager of the Portfolio, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund.
 
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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