NPORT-EX 2 PIPDY00SPSMCapValPt.htm
SP SMALL CAP VALUE PORTFOLIO
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 98.0%
Common Stocks — 96.4%
Aerospace & Defense — 1.6%
AAR Corp.
22,960   $431,648
Aerojet Rocketdyne Holdings, Inc.*
13,465   537,119
Cubic Corp.
4,556   265,023
Curtiss-Wright Corp.
5,044   470,403
Ducommun, Inc.*
11,677   384,407
Kaman Corp.
18,869   735,325
            2,823,925
Air Freight & Logistics — 0.4%
Air Transport Services Group, Inc.*
15,965   400,083
Hub Group, Inc. (Class A Stock)*
6,809   341,778
            741,861
Airlines — 0.5%
Allegiant Travel Co.
3,490   418,102
SkyWest, Inc.
17,875   533,747
            951,849
Auto Components — 1.2%
Adient PLC*
59,278   1,027,288
Cooper Tire & Rubber Co.
17,528   555,638
Visteon Corp.*
4,987   345,200
Workhorse Group, Inc.*(a)
12,408   313,674
            2,241,800
Banks — 14.1%
Amalgamated Bank (Class A Stock)
15,240   161,239
Ameris Bancorp
47,582   1,083,918
Atlantic Union Bankshares Corp.
43,966   939,553
BancorpSouth Bank
52,311   1,013,787
Bank of Hawaii Corp.
5,325   269,019
Banner Corp.
30,823   994,350
Brookline Bancorp, Inc.
61,255   529,549
Bryn Mawr Bank Corp.
7,539   187,495
Columbia Banking System, Inc.
46,706   1,113,938
Community Bank System, Inc.(a)
23,882   1,300,614
ConnectOne Bancorp, Inc.
38,112   536,236
CVB Financial Corp.
70,220   1,167,759
FB Financial Corp.
31,221   784,271
First Financial Bankshares, Inc.(a)
36,755   1,025,832
First Merchants Corp.
40,226   931,634
First Midwest Bancorp, Inc.
35,579   383,542
First of Long Island Corp. (The)
8,097   119,917
German American Bancorp, Inc.
18,227   494,681
Glacier Bancorp, Inc.
42,188   1,352,125
Great Western Bancorp, Inc.
31,534   392,598
Heritage Financial Corp.
27,153   499,344
Home BancShares, Inc.
53,924   817,488
Independent Bank Corp.(a)
22,039   1,154,403
Lakeland Financial Corp.
25,705   1,059,046
OceanFirst Financial Corp.
45,833   627,454
Pacific Premier Bancorp, Inc.
37,568   756,620
PacWest Bancorp
22,013   375,982
Pinnacle Financial Partners, Inc.
18,363   653,539
Renasant Corp.
49,859   1,132,796
Sandy Spring Bancorp, Inc.
10,327   238,347
      Shares   Value
Common Stocks (continued)
Banks (cont’d.)
South State Corp.
30,787   $1,482,394
Towne Bank
24,646   404,194
TriCo Bancshares
23,283   570,201
United Community Banks, Inc.
60,530   1,024,773
            25,578,638
Biotechnology — 0.6%
Arena Pharmaceuticals, Inc.*
9,867   737,953
Emergent BioSolutions, Inc.*
2,599   268,555
            1,006,508
Building Products — 1.4%
AZEK Co., Inc. (The)*
17,195   598,558
Gibraltar Industries, Inc.*
14,282   930,330
Griffon Corp.(a)
31,078   607,264
Patrick Industries, Inc.
7,745   445,492
            2,581,644
Capital Markets — 2.3%
Hamilton Lane, Inc. (Class A Stock)
11,652   752,603
Houlihan Lokey, Inc.
12,579   742,790
PJT Partners, Inc. (Class A Stock)
10,027   607,736
StepStone Group, Inc. (Class A Stock)*
6,377   169,692
Stifel Financial Corp.
34,651   1,751,955
Virtu Financial, Inc. (Class A Stock)
10,117   232,792
            4,257,568
Chemicals — 1.7%
Avient Corp.
71,571   1,893,769
HB Fuller Co.
13,940   638,173
Quaker Chemical Corp.(a)
1,468   263,814
Stepan Co.
2,902   316,318
            3,112,074
Commercial Services & Supplies — 1.4%
ABM Industries, Inc.
24,799   909,132
Brady Corp. (Class A Stock)
13,998   560,200
Casella Waste Systems, Inc. (Class A Stock)*
12,032   671,987
Herman Miller, Inc.
11,532   347,805
            2,489,124
Communications Equipment — 1.1%
InterDigital, Inc.
9,057   516,792
NetScout Systems, Inc.*
31,752   693,146
Viavi Solutions, Inc.*
65,290   765,852
            1,975,790
Construction & Engineering — 2.1%
AECOM*
17,072   714,292
EMCOR Group, Inc.
16,134   1,092,433
MasTec, Inc.*
27,403   1,156,407
WillScot Mobile Mini Holdings Corp.*
46,626   777,722
            3,740,854
Construction Materials — 0.4%
Summit Materials, Inc. (Class A Stock)*
47,672   788,495
A1
SP SMALL CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Consumer Finance — 0.7%
FirstCash, Inc.
7,441   $425,700
Green Dot Corp. (Class A Stock)*
14,091   713,145
Oportun Financial Corp.*
11,002   129,714
            1,268,559
Diversified Consumer Services — 0.3%
Laureate Education, Inc. (Class A Stock)*
43,130   572,766
Diversified Financial Services — 0.1%
Alerus Financial Corp.
7,325   143,570
Electric Utilities — 2.5%
ALLETE, Inc.
23,220   1,201,403
MGE Energy, Inc.
9,452   592,262
PNM Resources, Inc.(a)
36,488   1,508,049
Portland General Electric Co.
36,673   1,301,892
            4,603,606
Electronic Equipment, Instruments & Components — 2.0%
CTS Corp.
27,624   608,557
FARO Technologies, Inc.*
11,503   701,453
II-VI, Inc.*(a)
11,682   473,822
Knowles Corp.*
32,566   485,233
Rogers Corp.*
6,902   676,810
TTM Technologies, Inc.*
65,874   751,622
            3,697,497
Energy Equipment & Services — 0.8%
Cactus, Inc. (Class A Stock)
31,186   598,459
ChampionX Corp.*
102,585   819,654
            1,418,113
Entertainment — 0.3%
IMAX Corp.*
33,672   402,717
Live Nation Entertainment, Inc.*
1,681   90,572
            493,289
Equity Real Estate Investment Trusts (REITs) — 9.0%
Acadia Realty Trust
53,693   563,777
Columbia Property Trust, Inc.
61,650   672,602
CyrusOne, Inc.
13,976   978,739
Healthcare Realty Trust, Inc.
51,585   1,553,740
Hudson Pacific Properties, Inc.
31,341   687,308
Life Storage, Inc.
12,363   1,301,453
National Health Investors, Inc.(a)
14,441   870,359
Park Hotels & Resorts, Inc.(a)
52,484   524,315
Pebblebrook Hotel Trust(a)
70,673   885,533
Physicians Realty Trust
70,288   1,258,858
Preferred Apartment Communities, Inc. (Class A Stock)
29,155   157,437
PS Business Parks, Inc.
11,089   1,357,183
RLJ Lodging Trust
91,953   796,313
Safehold, Inc.(a)
13,943   865,860
STAG Industrial, Inc.
70,057   2,136,038
Terreno Realty Corp.
31,298   1,713,878
            16,323,393
      Shares   Value
Common Stocks (continued)
Food & Staples Retailing — 1.4%
BJ’s Wholesale Club Holdings, Inc.*
10,082   $418,907
Grocery Outlet Holding Corp.*(a)
9,546   375,349
Performance Food Group Co.*
49,350   1,708,497
            2,502,753
Food Products — 2.5%
Darling Ingredients, Inc.*
67,659   2,437,754
Hostess Brands, Inc.*
56,720   699,357
Sanderson Farms, Inc.
2,363   278,763
Simply Good Foods Co. (The)*
21,609   476,478
Utz Brands, Inc.(a)
35,484   635,164
            4,527,516
Gas Utilities — 1.3%
Chesapeake Utilities Corp.
8,394   707,614
ONE Gas, Inc.
22,927   1,582,192
            2,289,806
Health Care Equipment & Supplies — 1.9%
Avanos Medical, Inc.*
28,854   958,530
CONMED Corp.
10,027   788,824
Globus Medical, Inc. (Class A Stock)*
11,886   588,595
Merit Medical Systems, Inc.*
15,368   668,508
Mesa Laboratories, Inc.(a)
1,579   402,266
            3,406,723
Health Care Providers & Services — 1.5%
Acadia Healthcare Co., Inc.*
28,193   831,130
AMN Healthcare Services, Inc.*
9,385   548,647
Magellan Health, Inc.*
9,332   707,179
Tenet Healthcare Corp.*
28,492   698,339
            2,785,295
Health Care Technology — 0.5%
Allscripts Healthcare Solutions, Inc.*(a)
42,568   346,503
HMS Holdings Corp.*
15,884   380,422
Vocera Communications, Inc.*(a)
8,037   233,716
            960,641
Hotels, Restaurants & Leisure — 4.4%
Boyd Gaming Corp.
44,778   1,374,237
Brinker International, Inc.(a)
27,058   1,155,918
Caesars Entertainment, Inc.*(a)
13,775   772,227
Jack in the Box, Inc.
10,698   848,458
Marriott Vacations Worldwide Corp.
14,346   1,302,760
Penn National Gaming, Inc.*(a)
19,560   1,422,012
SeaWorld Entertainment, Inc.*
32,808   646,974
Texas Roadhouse, Inc.
6,733   409,299
            7,931,885
Household Durables — 2.5%
Helen of Troy Ltd.*
1,899   367,495
KB Home
12,037   462,100
Meritage Homes Corp.*
19,172   2,116,397
Taylor Morrison Home Corp.*
31,774   781,323
TopBuild Corp.*
4,655   794,562
            4,521,877
 
A2
SP SMALL CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Insurance — 4.1%
AMERISAFE, Inc.
9,556   $548,132
BRP Group, Inc. (Class A Stock)*
22,718   565,905
CNO Financial Group, Inc.
16,865   270,515
Enstar Group Ltd.*
5,473   883,889
Kemper Corp.
7,611   508,643
Kinsale Capital Group, Inc.
4,455   847,252
Palomar Holdings, Inc.*
8,683   905,116
Primerica, Inc.
7,774   879,550
RLI Corp.
11,038   924,212
Selective Insurance Group, Inc.
22,399   1,153,325
            7,486,539
IT Services — 1.6%
CACI International, Inc. (Class A Stock)*
1,335   284,569
KBR, Inc.
89,073   1,991,672
ManTech International Corp. (Class A Stock)
9,107   627,290
            2,903,531
Leisure Products — 0.6%
BRP, Inc.(a)
6,562   346,605
Callaway Golf Co.
21,885   418,879
Malibu Boats, Inc. (Class A Stock)*
6,866   340,279
            1,105,763
Life Sciences Tools & Services — 1.0%
Luminex Corp.(a)
17,339   455,149
PRA Health Sciences, Inc.*
5,610   569,078
Syneos Health, Inc.*
14,574   774,754
            1,798,981
Machinery — 6.7%
Astec Industries, Inc.
15,647   848,850
Chart Industries, Inc.*
13,307   935,083
CIRCOR International, Inc.*
14,203   388,452
Colfax Corp.*
30,361   952,121
Columbus McKinnon Corp.
22,505   744,915
Enerpac Tool Group Corp.*
21,030   395,574
Federal Signal Corp.
22,528   658,944
Kennametal, Inc.
42,984   1,243,957
Navistar International Corp.*
11,203   487,779
Rexnord Corp.
58,632   1,749,579
SPX FLOW, Inc.*
28,692   1,228,591
Timken Co. (The)
18,389   997,051
TriMas Corp.*
33,510   764,028
Watts Water Technologies, Inc. (Class A Stock)
8,344   835,652
            12,230,576
Media — 0.8%
Nexstar Media Group, Inc. (Class A Stock)
12,408   1,115,851
TEGNA, Inc.
29,908   351,419
            1,467,270
      Shares   Value
Common Stocks (continued)
Metals & Mining — 2.7%
Alcoa Corp.*
52,556   $611,226
Arconic Corp.*
57,135   1,088,422
Cleveland-Cliffs, Inc.(a)
47,103   302,401
Coeur Mining, Inc.*
86,393   637,581
Commercial Metals Co.
45,337   905,833
Constellium SE*
82,499   647,617
Sandstorm Gold Ltd. (Canada)*
37,840   319,370
Warrior Met Coal, Inc.
21,887   373,830
            4,886,280
Mortgage Real Estate Investment Trusts (REITs) — 1.6%
KKR Real Estate Finance Trust, Inc.(a)
50,852   840,584
PennyMac Mortgage Investment Trust
62,563   1,005,387
Two Harbors Investment Corp.
215,730   1,098,066
            2,944,037
Multiline Retail — 0.1%
Big Lots, Inc.(a)
2,535   113,061
Oil, Gas & Consumable Fuels — 2.3%
Brigham Minerals, Inc. (Class A Stock)
42,666   380,581
Euronav NV (Belgium)(a)
58,935   520,396
Falcon Minerals Corp.(a)
62,543   152,605
Golar LNG Ltd. (Cameroon)*(a)
61,772   374,029
Noble Energy, Inc.
59,748   510,845
Parsley Energy, Inc. (Class A Stock)(a)
78,692   736,557
Rattler Midstream LP
36,100   214,795
Viper Energy Partners LP
85,088   639,862
WPX Energy, Inc.*
120,133   588,652
            4,118,322
Pharmaceuticals — 0.4%
Prestige Consumer Healthcare, Inc.*
18,737   682,402
Professional Services — 1.1%
ASGN, Inc.*
17,692   1,124,503
FTI Consulting, Inc.*
3,249   344,297
ICF International, Inc.
8,862   545,279
            2,014,079
Real Estate Management & Development — 0.3%
Kennedy-Wilson Holdings, Inc.
38,532   559,485
Road & Rail — 1.1%
ArcBest Corp.
16,589   515,254
Marten Transport Ltd.
26,857   438,306
Saia, Inc.*
7,576   955,637
            1,909,197
Semiconductors & Semiconductor Equipment — 1.3%
Cohu, Inc.
38,765   665,983
Lattice Semiconductor Corp.*
13,313   385,544
Onto Innovation, Inc.*
24,770   737,651
Semtech Corp.*
9,192   486,808
            2,275,986
Software — 1.2%
Bottomline Technologies DE, Inc.*
13,409   565,323
Cloudera, Inc.*(a)
61,232   666,817
 
A3
SP SMALL CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Software (cont’d.)
Verint Systems, Inc.*
11,610   $559,370
Vertex, Inc. (Class A Stock)*
13,246   304,658
            2,096,168
Specialty Retail — 4.0%
Aaron’s, Inc.
18,035   1,021,683
American Eagle Outfitters, Inc.(a)
74,490   1,103,197
Burlington Stores, Inc.*
1,292   266,268
Five Below, Inc.*
5,357   680,339
Lithia Motors, Inc. (Class A Stock)
3,879   884,179
Michaels Cos., Inc. (The)*(a)
42,641   411,699
Rent-A-Center, Inc.
25,475   761,448
RH*(a)
2,153   823,781
Sally Beauty Holdings, Inc.*(a)
17,814   154,804
Sonic Automotive, Inc. (Class A Stock)
16,983   682,037
Zumiez, Inc.*
15,136   421,083
            7,210,518
Textiles, Apparel & Luxury Goods — 1.1%
Crocs, Inc.*
16,521   705,942
Deckers Outdoor Corp.*
1,350   297,014
Wolverine World Wide, Inc.
40,797   1,054,194
            2,057,150
Thrifts & Mortgage Finance — 2.1%
MGIC Investment Corp.
111,075   984,125
NMI Holdings, Inc. (Class A Stock)*
41,450   737,810
Provident Financial Services, Inc.
24,530   299,266
Walker & Dunlop, Inc.
16,803   890,559
Washington Federal, Inc.
42,991   896,792
            3,808,552
Trading Companies & Distributors — 1.4%
Beacon Roofing Supply, Inc.*
22,066   685,591
BMC Stock Holdings, Inc.*
28,093   1,203,223
Herc Holdings, Inc.*
14,586   577,751
            2,466,565
Water Utilities — 0.4%
SJW Group
11,273   686,075
 
Total Common Stocks

(cost $166,542,257)
  174,557,956
      Shares   Value
 
Exchange-Traded Fund — 1.6%
iShares Russell 2000 Value ETF(a)
29,213   $2,901,727
(cost $3,534,200)      
 
Total Long-Term Investments

(cost $170,076,457)
  177,459,683
Short-Term Investments — 13.7%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
3,704,975   3,704,975
PGIM Institutional Money Market Fund

(cost $21,115,585; includes $21,111,471 of cash collateral for securities on loan)(b)(w)
21,131,341   21,127,114
 
Total Short-Term Investments

(cost $24,820,560)
  24,832,089
 
TOTAL INVESTMENTS—111.7%

(cost $194,897,017)
  202,291,772
 
Liabilities in excess of other assets — (11.7)%
  (21,115,433)
 
Net Assets — 100.0%
  $181,176,339
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
ETF Exchange-Traded Fund
LP 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 $20,747,259; cash collateral of $21,111,471 (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 Portfolio’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
A4