NPORT-EX 2 PIPD701SPIntlGthPt.htm
SP INTERNATIONAL GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 97.0%
Common Stocks — 95.2%
Argentina — 1.1%
MercadoLibre, Inc.*(a)
1,506   $735,801
Australia — 2.0%
Aristocrat Leisure Ltd.
13,412   174,374
Cochlear Ltd.
3,822   437,940
CSL Ltd.
3,183   571,094
Insurance Australia Group Ltd.
31,966   121,390
Macquarie Group Ltd.
686   35,702
            1,340,500
Austria — 0.4%
BAWAG Group AG, 144A*
9,326   263,265
Belgium — 0.3%
KBC Group NV
3,954   180,884
Canada — 3.6%
Alimentation Couche-Tard, Inc. (Class B Stock)
9,654   227,407
Brookfield Asset Management, Inc. (Class A Stock)
8,598   380,461
Canadian National Railway Co.
7,415   579,743
Dollarama, Inc.
8,948   248,227
Shopify, Inc. (Class A Stock)*(a)
2,142   893,064
Suncor Energy, Inc.
9,128   145,680
            2,474,582
China — 12.2%
Alibaba Group Holding Ltd., ADR*
13,555   2,636,176
China Merchants Bank Co. Ltd. (Class H Stock)
109,500   493,196
Jiangsu Hengrui Medicine Co. Ltd. (Class A Stock)
41,863   543,078
Kweichow Moutai Co. Ltd. (Class A Stock)
3,392   532,275
Meituan Dianping (Class B Stock)*
58,199   697,998
NetEase, Inc., ADR
1,518   487,217
TAL Education Group, ADR*
9,547   508,473
Tencent Holdings Ltd.
31,793   1,564,514
Wuxi Biologics Cayman, Inc., 144A*
69,567   905,427
            8,368,354
Denmark — 3.4%
Coloplast A/S (Class B Stock)
4,096   594,588
DSV Panalpina A/S
2,163   196,115
Novo Nordisk A/S (Class B Stock)
17,739   1,067,665
Orsted A/S, 144A
5,095   497,514
            2,355,882
Finland — 0.3%
Neste OYJ
6,988   236,997
France — 11.5%
Air Liquide SA
1,587   203,262
Airbus SE
4,615   302,211
Arkema SA
1,177   81,340
Capgemini SE
4,040   339,477
Dassault Systemes SE
6,847   1,015,278
Kering SA
1,149   599,621
      Shares   Value
Common Stocks (continued)
France (cont’d.)
L’Oreal SA
4,710   $1,244,588
LVMH Moet Hennessy Louis Vuitton SE
4,167   1,546,323
Pernod Ricard SA
6,751   961,975
Remy Cointreau SA(a)
2,109   230,092
Safran SA
4,370   383,375
Schneider Electric SE
1,204   102,504
Teleperformance
2,878   600,610
TOTAL SA
8,100   310,019
            7,920,675
Germany — 5.0%
Brenntag AG
5,718   212,517
CTS Eventim AG & Co. KGaA
6,601   297,665
Deutsche Boerse AG
1,578   217,517
Gerresheimer AG
6,032   383,396
Infineon Technologies AG
43,711   629,169
Rational AG
429   227,622
SAP SE
7,085   787,853
SAP SE, ADR(a)
3,857   426,198
Scout24 AG, 144A
4,125   248,244
            3,430,181
Hong Kong — 3.0%
AIA Group Ltd.
188,361   1,696,671
Techtronic Industries Co. Ltd.
61,700   397,327
            2,093,998
India — 0.8%
HDFC Bank Ltd., ADR
7,066   271,758
Reliance Industries Ltd., 144A, GDR
9,883   302,750
            574,508
Ireland — 1.9%
AerCap Holdings NV*
5,957   135,760
CRH PLC
12,234   330,820
Kerry Group PLC (Class A Stock)
3,254   376,963
Kingspan Group PLC
8,753   469,416
            1,312,959
Israel — 0.8%
Check Point Software Technologies Ltd.*(a)
5,171   519,892
Italy — 2.7%
Brunello Cucinelli SpA
19,056   579,470
Ferrari NV
6,488   1,010,398
Nexi SpA, 144A*
17,775   231,956
            1,821,824
Japan — 8.7%
Asahi Intecc Co. Ltd.
7,700   191,194
Bridgestone Corp.
7,600   233,085
Daikin Industries Ltd.
5,600   681,177
Freee KK*
8,693   279,739
GMO Payment Gateway, Inc.
5,238   367,677
Hoya Corp.
8,600   732,735
Kao Corp.
2,400   196,468
A1
SP INTERNATIONAL GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Japan (cont’d.)
Keyence Corp.
2,900   $934,894
Menicon Co. Ltd.
10,083   451,504
Persol Holdings Co. Ltd.
12,200   122,765
Sanwa Holdings Corp.
30,000   233,734
Shionogi & Co. Ltd.
4,300   211,868
Shiseido Co. Ltd.
6,400   377,481
SMC Corp.
1,100   462,501
Terumo Corp.
5,900   203,090
Toyota Motor Corp.
5,000   301,008
            5,980,920
Luxembourg — 0.1%
Tenaris SA
15,469   94,303
Macau — 0.2%
Galaxy Entertainment Group Ltd.
21,000   111,529
Netherlands — 4.7%
Adyen NV, 144A*
1,867   1,586,487
ASML Holding NV
4,130   1,094,829
Heineken NV
4,541   379,044
NXP Semiconductors NV
2,437   202,101
            3,262,461
Portugal — 0.1%
Galp Energia SGPS SA
4,498   51,203
Singapore — 0.4%
DBS Group Holdings Ltd.
19,300   249,784
Spain — 0.5%
Amadeus IT Group SA
6,559   311,521
Sweden — 1.8%
Assa Abloy AB (Class B Stock)
17,196   323,904
Atlas Copco AB (Class A Stock)
15,383   515,288
Hexagon AB (Class B Stock)
8,810   372,346
            1,211,538
Switzerland — 11.6%
Alcon, Inc.*
12,459   638,149
Givaudan SA
306   946,508
Julius Baer Group Ltd.*
6,853   231,574
Lonza Group AG*
2,503   1,039,621
Novartis AG
9,672   796,195
Partners Group Holding AG
912   632,441
Roche Holding AG
3,825   1,238,828
SGS SA
114   265,217
SIG Combibloc Group AG*
23,249   349,874
Sika AG
2,310   383,254
Sonova Holding AG
2,059   369,567
Straumann Holding AG
668   497,832
Temenos AG*
2,882   373,907
UBS Group AG*
23,261   216,001
            7,978,968
Taiwan — 1.9%
Sea Ltd., ADR*(a)
13,124   581,525
      Shares   Value
Common Stocks (continued)
Taiwan (cont’d.)
Taiwan Semiconductor Manufacturing Co. Ltd.
83,000   $751,480
            1,333,005
United Kingdom — 12.1%
Abcam PLC
6,538   92,598
AstraZeneca PLC
6,445   579,188
Barratt Developments PLC
14,793   80,211
Bunzl PLC
20,401   411,125
Compass Group PLC
25,646   400,607
DCC PLC
5,823   367,241
Diageo PLC
17,525   561,783
Electrocomponents PLC
41,189   262,495
Experian PLC
44,747   1,236,827
Fevertree Drinks PLC
15,856   238,360
Halma PLC
10,498   249,111
London Stock Exchange Group PLC
8,300   746,697
Prudential PLC
20,738   263,143
Reckitt Benckiser Group PLC
5,574   424,465
RELX PLC
38,598   827,396
Rentokil Initial PLC
43,561   209,524
Segro PLC, REIT
41,667   394,424
Smith & Nephew PLC
4,958   87,713
Spectris PLC
7,011   211,050
Spirax-Sarco Engineering PLC
2,529   255,043
St. James’s Place PLC
32,186   301,409
Trainline PLC, 144A*
33,092   139,038
            8,339,448
United States — 4.1%
Aon PLC(a)
2,206   364,078
Atlassian Corp. PLC (Class A Stock)*
5,223   716,909
Ferguson PLC
4,155   257,195
Lululemon Athletica, Inc.*
4,724   895,434
QIAGEN NV*
4,430   181,315
Samsonite International SA, 144A
202,492   190,592
Sensata Technologies Holding PLC*
8,414   243,417
            2,848,940
 
Total Common Stocks

(cost $54,926,783)
  65,403,922
Preferred Stock — 1.8%
Germany
Sartorius AG (PRFC)
5,066   1,230,557
(cost $400,901)      
 
Total Long-Term Investments

(cost $55,327,684)
  66,634,479
Short-Term Investments — 8.0%
Affiliated Mutual Funds — 7.0%
PGIM Core Ultra Short Bond Fund(w)
1,259,512   1,259,512
 
A2
SP INTERNATIONAL GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
 
Affiliated Mutual Funds (continued)
PGIM Institutional Money Market Fund

(cost $3,571,116; includes $3,568,575 of cash collateral for securities on loan)(b)(w)
3,577,729   $3,572,005
 
Total Affiliated Mutual Funds

(cost $4,830,628)
  4,831,517
Unaffiliated Fund — 1.0%
BlackRock Liquidity FedFund
650,411   650,411
(cost $650,411)      
 
Total Short-Term Investments

(cost $5,481,039)
  5,481,928
 
TOTAL INVESTMENTS—105.0%
(cost $60,808,723) 		  72,116,407
 
Liabilities in excess of other assets — (5.0)%   (3,404,258)
 
Net Assets — 100.0%   $68,712,149
    
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
GDR Global 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 $3,467,335; cash collateral of $3,568,575 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments.
(b) Represents security, or portion thereof, 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).
A3