NPORT-EX 2 PI62580ValPt.htm
VALUE PORTFOLIO
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 99.0%
Common Stocks
Aerospace & Defense — 2.5%
Northrop Grumman Corp.
40,264   $12,702,889
Raytheon Technologies Corp.
305,226   17,562,704
            30,265,593
Air Freight & Logistics — 0.7%
FedEx Corp.
34,208   8,603,996
Automobiles — 1.6%
General Motors Co.
652,808   19,316,589
Banks — 8.2%
Bank of America Corp.
869,286   20,941,100
Citigroup, Inc.
301,929   13,016,159
JPMorgan Chase & Co.
347,550   33,458,639
PNC Financial Services Group, Inc. (The)
154,841   17,018,574
Truist Financial Corp.
417,526   15,886,864
            100,321,336
Beverages — 1.6%
PepsiCo, Inc.
144,146   19,978,636
Biotechnology — 1.1%
AbbVie, Inc.
156,213   13,682,697
Building Products — 2.0%
Johnson Controls International PLC
606,485   24,774,912
Capital Markets — 1.9%
Goldman Sachs Group, Inc. (The)
113,164   22,742,569
Chemicals — 5.7%
Dow, Inc.(a)
418,130   19,673,016
FMC Corp.
194,023   20,548,976
Linde PLC (United Kingdom)
124,561   29,661,711
            69,883,703
Communications Equipment — 0.7%
Cisco Systems, Inc.
209,221   8,241,215
Consumer Finance — 2.3%
Capital One Financial Corp.
220,443   15,841,034
SLM Corp.
1,456,062   11,779,542
            27,620,576
Containers & Packaging — 1.3%
Crown Holdings, Inc.*
208,986   16,062,664
Diversified Telecommunication Services — 3.3%
AT&T, Inc.(a)
431,042   12,289,007
Verizon Communications, Inc.
473,753   28,183,566
            40,472,573
Electric Utilities — 1.7%
American Electric Power Co., Inc.
255,791   20,905,799
Electrical Equipment — 1.3%
Emerson Electric Co.
248,298   16,280,900
Entertainment — 1.9%
Walt Disney Co. (The)
185,400   23,004,432
Equity Real Estate Investment Trusts (REITs) — 2.9%
Alexandria Real Estate Equities, Inc.
60,257   9,641,120
      Shares   Value
Common Stocks (continued)
Equity Real Estate Investment Trusts (REITs) (cont’d.)
American Campus Communities, Inc.
313,051   $10,931,741
American Tower Corp.
60,206   14,553,596
            35,126,457
Food & Staples Retailing — 2.5%
Walmart, Inc.
214,811   30,054,207
Food Products — 1.8%
Mondelez International, Inc. (Class A Stock)
388,287   22,307,088
Health Care Equipment & Supplies — 1.6%
Zimmer Biomet Holdings, Inc.
141,160   19,217,522
Health Care Providers & Services — 2.4%
Cigna Corp.
88,877   15,056,652
Laboratory Corp. of America Holdings*
77,303   14,553,836
            29,610,488
Hotels, Restaurants & Leisure — 1.4%
McDonald’s Corp.
78,171   17,157,753
Household Durables — 1.8%
D.R. Horton, Inc.
284,754   21,535,945
Household Products — 2.4%
Procter & Gamble Co. (The)
109,253   15,185,074
Reckitt Benckiser Group PLC (United Kingdom)
149,619   14,616,420
            29,801,494
Insurance — 5.0%
Chubb Ltd.
193,696   22,491,980
Marsh & McLennan Cos., Inc.
106,513   12,217,041
MetLife, Inc.
414,771   15,417,038
RenaissanceRe Holdings Ltd. (Bermuda)
66,760   11,331,842
            61,457,901
Interactive Media & Services — 1.9%
Alphabet, Inc. (Class A Stock)*
16,130   23,640,128
Machinery — 3.0%
Deere & Co.
29,922   6,631,613
Fortive Corp.
175,091   13,343,685
Otis Worldwide Corp.
272,464   17,007,203
            36,982,501
Media — 1.1%
Comcast Corp. (Class A Stock)
299,140   13,838,216
Multi-Utilities — 3.4%
Ameren Corp.
271,793   21,493,391
Dominion Energy, Inc.
257,655   20,336,709
            41,830,100
Oil, Gas & Consumable Fuels — 4.5%
Chevron Corp.
340,666   24,527,952
ConocoPhillips
328,012   10,771,914
Suncor Energy, Inc. (Canada)(a)
598,657   7,321,575
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VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Oil, Gas & Consumable Fuels (cont’d.)
Williams Cos., Inc. (The)
630,846   $12,396,124
            55,017,565
Pharmaceuticals — 5.1%
AstraZeneca PLC (United Kingdom), ADR
422,405   23,147,794
Bristol-Myers Squibb Co.
333,708   20,119,255
Eli Lilly & Co.
130,254   19,280,197
            62,547,246
Road & Rail — 3.2%
Knight-Swift Transportation Holdings, Inc.
190,208   7,741,465
Union Pacific Corp.
162,018   31,896,484
            39,637,949
Semiconductors & Semiconductor Equipment — 5.6%
Broadcom, Inc.
69,200   25,210,944
QUALCOMM, Inc.
195,328   22,986,199
Texas Instruments, Inc.
139,782   19,959,472
            68,156,615
Software — 4.2%
Microsoft Corp.
105,548   22,199,911
PTC, Inc.*
132,170   10,933,102
SAP SE (Germany), ADR(a)
118,687   18,492,622
            51,625,635
Specialty Retail — 4.4%
Advance Auto Parts, Inc.(a)
69,520   10,671,320
Lowe’s Cos., Inc.
155,749   25,832,529
Ross Stores, Inc.
181,095   16,899,786
            53,403,635
Technology Hardware, Storage & Peripherals — 1.4%
Apple, Inc.
147,259   17,054,065
Trading Companies & Distributors — 1.6%
United Rentals, Inc.*(a)
111,411   19,441,220
 
Total Long-Term Investments

(cost $903,122,486)
  1,211,601,920
      Shares   Value
 
Short-Term Investments — 5.5%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
12,296,675   $12,296,675
PGIM Institutional Money Market Fund

(cost $55,576,828; includes $55,559,558 of cash collateral for securities on loan)(b)(w)
55,736,649   55,725,502
 
Total Short-Term Investments

(cost $67,873,503)
  68,022,177
 
TOTAL INVESTMENTS—104.5%

(cost $970,995,989)
  1,279,624,097
 
Liabilities in excess of other assets — (4.5)%
  (55,457,062)
 
Net Assets — 100.0%
  $1,224,167,035
    
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
    
* 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 $54,376,287; cash collateral of $55,559,558 (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.
(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 Portfolios’ most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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