NPORT-EX 2 PIPDY00SPSmCapValPt.htm
SP SMALL CAP VALUE PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 96.8%
Common Stocks — 95.1%
Aerospace & Defense — 1.5%
AAR Corp.
10,592   $188,114
Aerojet Rocketdyne Holdings, Inc.*
19,990   836,182
BWX Technologies, Inc.
5,931   288,899
Curtiss-Wright Corp.
6,344   586,249
Ducommun, Inc.*
7,758   192,786
            2,092,230
Air Freight & Logistics — 0.4%
Air Transport Services Group, Inc.*
15,542   284,108
Hub Group, Inc. (Class A Stock)*
4,939   224,576
            508,684
Airlines — 0.3%
SkyWest, Inc.
17,402   455,758
Auto Components — 0.5%
Dorman Products, Inc.*
2,138   118,167
Tenneco, Inc. (Class A Stock)
11,095   39,942
Visteon Corp.*
10,796   517,992
            676,101
Banks — 18.3%
Amalgamated Bank (Class A Stock)
13,338   144,317
Ameris Bancorp
44,013   1,045,749
Atlantic Union Bankshares Corp.
40,736   892,118
BancorpSouth Bank
50,925   963,501
Bank of Hawaii Corp.
4,278   236,317
Banner Corp.
30,103   994,603
Brookline Bancorp, Inc.
49,536   558,766
Bryn Mawr Bank Corp.
13,072   370,983
CenterState Bank Corp.
66,451   1,144,951
Columbia Banking System, Inc.
50,201   1,345,387
Community Bank System, Inc.
24,214   1,423,783
ConnectOne Bancorp, Inc.
32,911   442,324
CVB Financial Corp.
68,522   1,373,866
FB Financial Corp.
30,394   599,370
First Financial Bankshares, Inc.(a)
41,234   1,106,721
First Merchants Corp.
39,160   1,037,348
First Midwest Bancorp, Inc.
45,017   595,800
First of Long Island Corp. (The)
7,883   136,770
Flushing Financial Corp.
4,613   61,630
German American Bancorp, Inc.
15,643   429,400
Glacier Bancorp, Inc.
44,227   1,503,939
Great Western Bancorp, Inc.
34,742   711,516
Heritage Financial Corp.
26,434   528,680
Home BancShares, Inc.
34,569   414,482
Independent Bank Corp.(a)
22,037   1,418,522
Lakeland Financial Corp.
25,203   926,210
Pacific Premier Bancorp, Inc.
29,884   563,015
Pinnacle Financial Partners, Inc.
16,426   616,632
Prosperity Bancshares, Inc.
6,148   296,641
Renasant Corp.
49,766   1,086,890
Sandy Spring Bancorp, Inc.
14,065   318,432
South State Corp.
10,754   631,582
Towne Bank
23,994   434,052
TriCo Bancshares(a)
22,666   675,900
      Shares   Value
Common Stocks (continued)
Banks (cont’d.)
United Community Banks, Inc.
58,985   $1,080,015
            26,110,212
Biotechnology — 0.5%
Emergent BioSolutions, Inc.*
12,016   695,246
Building Products — 0.8%
American Woodmark Corp.*
1,807   82,345
Gibraltar Industries, Inc.*
10,228   438,986
Griffon Corp.
26,724   338,058
Patrick Industries, Inc.
9,712   273,490
            1,132,879
Capital Markets — 2.1%
Hamilton Lane, Inc. (Class A Stock)
8,281   458,022
Houlihan Lokey, Inc.
16,131   840,748
PJT Partners, Inc. (Class A Stock)
9,762   423,573
Stifel Financial Corp.
27,274   1,125,870
Virtu Financial, Inc. (Class A Stock)(a)
9,996   208,117
            3,056,330
Chemicals — 1.1%
HB Fuller Co.
3,344   93,398
Innospec, Inc.
4,598   319,515
PolyOne Corp.
34,888   661,825
Quaker Chemical Corp.(a)
1,429   180,454
Stepan Co.
2,825   249,900
            1,505,092
Commercial Services & Supplies — 0.5%
ABM Industries, Inc.
16,777   408,688
Casella Waste Systems, Inc. (Class A Stock)*
6,744   263,420
            672,108
Communications Equipment — 2.0%
Lumentum Holdings, Inc.*(a)
19,812   1,460,144
NetScout Systems, Inc.*(a)
30,964   732,918
Viavi Solutions, Inc.*
63,807   715,277
            2,908,339
Construction & Engineering — 0.6%
EMCOR Group, Inc.
14,190   870,131
Construction Materials — 0.2%
Summit Materials, Inc. (Class A Stock)*
21,235   318,525
Consumer Finance — 0.4%
FirstCash, Inc.
7,242   519,541
Oportun Financial Corp.*(a)
10,710   112,991
            632,532
Containers & Packaging — 0.5%
Graphic Packaging Holding Co.
58,860   718,092
Diversified Consumer Services — 0.7%
Chegg, Inc.*
14,962   535,340
A1
SP SMALL CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Diversified Consumer Services (cont’d.)
Laureate Education, Inc. (Class A Stock)*
41,987   $441,284
            976,624
Diversified Financial Services — 0.1%
Alerus Financial Corp.
7,131   117,804
Electric Utilities — 4.6%
ALLETE, Inc.
26,388   1,601,224
IDACORP, Inc.
11,460   1,006,073
MGE Energy, Inc.
1,225   80,201
PNM Resources, Inc.(a)
43,384   1,648,592
Portland General Electric Co.
45,813   2,196,275
            6,532,365
Electrical Equipment — 0.4%
nVent Electric PLC
32,704   551,716
Electronic Equipment, Instruments & Components — 2.8%
Anixter International, Inc.*
6,372   559,908
CTS Corp.
22,060   549,073
FARO Technologies, Inc.*
11,199   498,356
Knowles Corp.*
42,380   567,044
SYNNEX Corp.
9,114   666,234
TTM Technologies, Inc.*
64,130   663,104
Vishay Intertechnology, Inc.
33,410   481,438
            3,985,157
Energy Equipment & Services — 0.4%
Apergy Corp.*(a)
37,864   217,718
Cactus, Inc. (Class A Stock)
30,360   352,176
            569,894
Entertainment — 0.0%
Live Nation Entertainment, Inc.*
1,635   74,327
Equity Real Estate Investment Trusts (REITs) — 11.0%
Acadia Realty Trust
57,425   711,496
Chatham Lodging Trust
21,907   130,128
Columbia Property Trust, Inc.
60,018   750,225
CyrusOne, Inc.
27,523   1,699,545
Healthcare Realty Trust, Inc.
62,031   1,732,526
Hudson Pacific Properties, Inc.
30,511   773,759
Life Storage, Inc.
7,426   702,128
National Health Investors, Inc.
21,593   1,069,285
Park Hotels & Resorts, Inc.
51,092   404,138
Pebblebrook Hotel Trust
68,803   749,265
Physicians Realty Trust
58,120   810,193
Preferred Apartment Communities, Inc. (Class A Stock)
28,384   203,797
PS Business Parks, Inc.
10,795   1,462,938
RLJ Lodging Trust
89,518   691,079
Safehold, Inc.(a)
16,006   1,012,059
STAG Industrial, Inc.
68,202   1,535,909
Terreno Realty Corp.
21,431   1,109,054
Urban Edge Properties
25,916   228,320
            15,775,844
      Shares   Value
Common Stocks (continued)
Food & Staples Retailing — 1.0%
BJ’s Wholesale Club Holdings, Inc.*
34,754   $885,185
Grocery Outlet Holding Corp.*
9,294   319,156
Performance Food Group Co.*
1,231   30,430
Rite Aid Corp.*
8,798   131,970
            1,366,741
Food Products — 2.0%
Darling Ingredients, Inc.*
19,791   379,393
Hostess Brands, Inc.*
88,356   941,875
Nomad Foods Ltd. (United Kingdom)*
46,851   869,555
Simply Good Foods Co. (The)*
33,843   651,816
            2,842,639
Gas Utilities — 2.2%
Chesapeake Utilities Corp.
13,781   1,181,170
ONE Gas, Inc.
23,186   1,938,813
            3,119,983
Health Care Equipment & Supplies — 1.6%
Avanos Medical, Inc.*
28,737   773,887
CONMED Corp.
9,782   560,215
Globus Medical, Inc. (Class A Stock)*
10,349   440,143
Integra LifeSciences Holdings Corp.*
11,616   518,887
            2,293,132
Health Care Providers & Services — 0.8%
Acadia Healthcare Co., Inc.*
27,549   505,524
AMN Healthcare Services, Inc.*
10,597   612,613
            1,118,137
Health Care Technology — 0.9%
Allscripts Healthcare Solutions, Inc.*(a)
52,356   368,586
HMS Holdings Corp.*
24,852   628,010
Vocera Communications, Inc.*(a)
12,990   275,908
            1,272,504
Hotels, Restaurants & Leisure — 1.5%
Boyd Gaming Corp.
8,846   127,559
Jack in the Box, Inc.
2,486   87,134
Marriott Vacations Worldwide Corp.
18,132   1,007,777
Papa John’s International, Inc.(a)
10,549   563,000
Texas Roadhouse, Inc.
1,502   62,033
Vail Resorts, Inc.
203   29,985
Wingstop, Inc.
3,124   248,983
            2,126,471
Household Durables — 1.6%
Helen of Troy Ltd.*
3,906   562,581
KB Home
19,980   361,638
MDC Holdings, Inc.
6,425   149,060
Meritage Homes Corp.*
14,015   511,688
TopBuild Corp.*
9,782   700,782
            2,285,749
Insurance — 5.1%
AMERISAFE, Inc.
9,304   599,829
BRP Group, Inc. (Class A Stock)*
12,086   127,507
 
A2
SP SMALL CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Insurance (cont’d.)
CNO Financial Group, Inc.
11,654   $144,393
Enstar Group Ltd. (Bermuda)*
5,329   847,577
Kemper Corp.
10,537   783,637
Kinsale Capital Group, Inc.
9,249   966,798
Palomar Holdings, Inc.*
10,951   636,910
Primerica, Inc.
7,566   669,440
ProAssurance Corp.
7,783   194,575
RLI Corp.
12,344   1,085,408
Selective Insurance Group, Inc.
25,889   1,286,683
            7,342,757
IT Services — 2.5%
CACI International, Inc. (Class A Stock)*
2,446   516,473
KBR, Inc.
65,040   1,345,027
LiveRamp Holdings, Inc.*
19,397   638,549
Perspecta, Inc.
62,774   1,144,998
            3,645,047
Leisure Products — 0.4%
Callaway Golf Co.
55,343   565,605
Life Sciences Tools & Services — 1.3%
Luminex Corp.
21,435   590,105
PRA Health Sciences, Inc.*
4,577   380,074
Syneos Health, Inc.*
23,049   908,592
            1,878,771
Machinery — 4.3%
Altra Industrial Motion Corp.
1,320   23,087
CIRCOR International, Inc.*
8,684   100,995
Columbus McKinnon Corp.
17,967   449,175
Enerpac Tool Group Corp.
28,532   472,205
Federal Signal Corp.
30,851   841,615
Kennametal, Inc.
56,048   1,043,614
Navistar International Corp.*
10,907   179,856
Rexnord Corp.
62,950   1,427,076
SPX FLOW, Inc.*
1,276   36,264
TriMas Corp.*
33,996   785,308
Watts Water Technologies, Inc. (Class A Stock)
9,555   808,831
            6,168,026
Media — 1.3%
Gray Television, Inc.*
2,920   31,361
Liberty Latin America Ltd. (Chile) (Class C Stock)*
51,811   531,581
Nexstar Media Group, Inc. (Class A Stock)
11,598   669,552
TEGNA, Inc.
56,096   609,203
            1,841,697
Metals & Mining — 1.2%
Coeur Mining, Inc.*
36,220   116,266
Commercial Metals Co.
48,038   758,520
Constellium SE*
39,317   204,842
Kaiser Aluminum Corp.
2,101   145,557
Sandstorm Gold Ltd. (Canada)*
65,049   325,895
      Shares   Value
Common Stocks (continued)
Metals & Mining (cont’d.)
Warrior Met Coal, Inc.
21,309   $226,302
            1,777,382
Mortgage Real Estate Investment Trusts (REITs) — 0.8%
Blackstone Mortgage Trust, Inc. (Class A Stock)
11,922   221,988
KKR Real Estate Finance Trust, Inc.
9,522   142,925
PennyMac Mortgage Investment Trust
74,790   794,270
            1,159,183
Oil, Gas & Consumable Fuels — 2.1%
Brigham Minerals, Inc. (Class A Stock)
34,677   286,779
Delek US Holdings, Inc.(a)
10,184   160,500
Euronav NV (Belgium)
57,373   647,167
Falcon Minerals Corp.(a)
60,889   130,911
Golar LNG Ltd. (Bermuda)(a)
60,138   473,887
Noble Energy, Inc.
58,164   351,311
Rattler Midstream, MLP
35,144   122,301
Viper Energy Partners, MLP
82,836   549,203
WPX Energy, Inc.*
96,274   293,636
            3,015,695
Personal Products — 0.6%
BellRing Brands, Inc. (Class A Stock)*
20,111   342,893
Edgewell Personal Care Co.*
24,344   586,203
            929,096
Pharmaceuticals — 0.6%
Prestige Consumer Healthcare, Inc.*
22,995   843,457
Professional Services — 1.2%
ASGN, Inc.*
17,567   620,467
FTI Consulting, Inc.*
4,100   491,057
ICF International, Inc.
8,629   592,812
            1,704,336
Real Estate Management & Development — 0.3%
Kennedy-Wilson Holdings, Inc.
37,511   503,398
Road & Rail — 1.6%
Marten Transport Ltd.
27,940   573,329
Saia, Inc.*
12,959   953,005
Werner Enterprises, Inc.
20,182   731,799
            2,258,133
Semiconductors & Semiconductor Equipment — 3.5%
Cohu, Inc.
14,902   184,487
Entegris, Inc.
7,688   344,192
FormFactor, Inc.*
19,084   383,398
Lattice Semiconductor Corp.*
28,422   506,480
MACOM Technology Solutions Holdings, Inc.*
40,438   765,491
MKS Instruments, Inc.
5,542   451,396
Onto Innovation, Inc.*
30,500   904,935
Semtech Corp.*
17,086   640,725
Synaptics, Inc.*
14,367   831,418
            5,012,522
 
A3
SP SMALL CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Software — 0.9%
Avaya Holdings Corp.*
3,875   $31,349
Bottomline Technologies DE, Inc.*
15,805   579,253
Verint Systems, Inc.*
15,479   665,597
            1,276,199
Specialty Retail — 1.9%
Burlington Stores, Inc.*
2,959   468,883
Five Below, Inc.*
7,850   552,483
Lithia Motors, Inc. (Class A Stock)
4,681   382,859
Murphy USA, Inc.*
6,242   526,575
Rent-A-Center, Inc.
18,024   254,859
RH*
1,543   155,025
Shoe Carnival, Inc.
3,296   68,458
Sonic Automotive, Inc. (Class A Stock)
5,634   74,820
Zumiez, Inc.*
9,588   166,064
            2,650,026
Textiles, Apparel & Luxury Goods — 0.6%
Columbia Sportswear Co.
436   30,420
Crocs, Inc.*
6,548   111,250
Deckers Outdoor Corp.*
5,186   694,924
G-III Apparel Group Ltd.*
3,073   23,662
            860,256
Thrifts & Mortgage Finance — 2.2%
MGIC Investment Corp.
98,396   624,814
NMI Holdings, Inc. (Class A Stock)*
24,429   283,621
OceanFirst Financial Corp.
44,619   709,888
Provident Financial Services, Inc.
35,064   450,923
Washington Federal, Inc.
41,854   1,086,530
            3,155,776
Trading Companies & Distributors — 1.0%
Beacon Roofing Supply, Inc.*
22,484   371,885
Foundation Building Materials, Inc.*
2,759   28,390
Herc Holdings, Inc.*
17,871   365,641
Kaman Corp.
15,818   608,519
            1,374,435
Water Utilities — 0.4%
SJW Group
10,976   634,084
 
Total Common Stocks

(cost $154,341,357)
  135,957,227
      Shares   Value
 
Exchange-Traded Fund — 1.7%
iShares Russell 2000 Value ETF(a)
29,213   $2,396,342
(cost $3,534,200)      
 
Total Long-Term Investments

(cost $157,875,557)
  138,353,569
Short-Term Investments — 8.4%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
4,457,688   4,457,688
PGIM Institutional Money Market Fund

(cost $7,515,487; includes $7,505,023 of cash collateral for securities on loan)(b)(w)
7,522,144   7,510,108
 
Total Short-Term Investments

(cost $11,973,175)
  11,967,796
 
TOTAL INVESTMENTS—105.2%

(cost $169,848,732)
  150,321,365
 
Liabilities in excess of other assets — (5.2)%
  (7,393,470)
 
Net Assets — 100.0%
  $142,927,895
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
ETF Exchange-Traded Fund
MLP Master Limited Partnership
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 $7,294,513; cash collateral of $7,505,023 (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 Fund, 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).
A4