NPORT-EX 2 PIPD701SPIntlGrthPt.htm
SP INTERNATIONAL GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 99.1%
Common Stocks — 97.8%
Argentina — 1.9%
MercadoLibre, Inc.*(a)
1,663   $1,800,164
Australia — 1.4%
Aristocrat Leisure Ltd.
15,276   331,137
Cochlear Ltd.
2,967   422,921
CSL Ltd.
2,561   529,378
            1,283,436
Austria — 0.4%
BAWAG Group AG, 144A*
10,897   393,706
Belgium — 0.3%
KBC Group NV
4,620   231,822
Canada — 3.1%
Brookfield Asset Management, Inc. (Class A Stock)
5,114   169,069
Canadian National Railway Co.
6,390   680,535
Dollarama, Inc.
8,932   342,375
Shopify, Inc. (Class A Stock)*
1,647   1,684,831
            2,876,810
China — 10.2%
Alibaba Group Holding Ltd.*
50,940   1,835,377
Alibaba Group Holding Ltd., ADR*
3,756   1,104,189
Jiangsu Hengrui Medicine Co. Ltd. (Class A Stock)
44,102   587,374
Kweichow Moutai Co. Ltd. (Class A Stock)
1,445   357,135
Meituan Dianping (Class B Stock)*
38,417   1,212,403
NetEase, Inc.
32,525   582,854
TAL Education Group, ADR*
9,581   728,539
Tencent Holdings Ltd.
33,273   2,243,458
Wuxi Biologics Cayman, Inc., 144A*
31,912   784,372
            9,435,701
Denmark — 3.0%
Chr Hansen Holding A/S
1,412   156,535
Coloplast A/S (Class B Stock)
3,498   552,075
DSV Panalpina A/S
2,505   406,979
Novo Nordisk A/S (Class B Stock)
16,243   1,122,558
Orsted A/S, 144A
4,015   550,902
            2,789,049
Finland — 0.5%
Neste OYJ
8,361   439,115
France — 11.3%
Air Liquide SA
1,590   252,100
Airbus SE*
4,607   335,122
Arkema SA
1,375   145,635
Capgemini SE
4,033   517,173
Dassault Systemes SE
3,816   713,704
Kering SA
1,322   877,249
L’Oreal SA
4,537   1,474,910
LVMH Moet Hennessy Louis Vuitton SE
4,075   1,905,604
Pernod Ricard SA
6,367   1,015,696
Remy Cointreau SA
2,670   488,230
      Shares   Value
Common Stocks (continued)
France (cont’d.)
Safran SA*
4,362   $429,943
Sartorius Stedim Biotech
921   317,847
Schneider Electric SE
4,244   526,004
Teleperformance
3,565   1,099,271
TOTAL SE
9,460   322,761
            10,421,249
Germany — 6.3%
adidas AG*
1,097   353,981
Brenntag AG
6,677   423,997
CTS Eventim AG & Co. KGaA*
5,861   282,817
Deutsche Boerse AG
1,845   323,472
Gerresheimer AG
7,046   788,259
Hypoport SE*
245   153,226
Infineon Technologies AG
39,579   1,113,119
Rational AG
550   431,284
SAP SE
4,567   709,747
SAP SE, ADR(a)
4,465   695,692
Scout24 AG, 144A
4,817   420,394
TeamViewer AG, 144A*
2,806   138,497
            5,834,485
Hong Kong — 2.0%
AIA Group Ltd.
103,400   1,025,027
Techtronic Industries Co. Ltd.
60,700   808,528
            1,833,555
India — 1.5%
HDFC Bank Ltd., ADR*
6,572   328,337
Infosys Ltd., ADR
30,538   421,730
Reliance Industries Ltd., 144A, GDR
11,013   670,071
            1,420,138
Ireland — 2.7%
AerCap Holdings NV*
4,407   111,012
CRH PLC
19,904   715,345
Kerry Group PLC (Class A Stock)
5,269   676,132
Kingspan Group PLC*
7,009   638,246
Smurfit Kappa Group PLC
8,555   335,354
            2,476,089
Israel — 2.3%
Check Point Software Technologies Ltd.*(a)
6,034   726,131
Nice Ltd., ADR*(a)
3,496   793,697
Wix.com Ltd.*
2,442   622,344
            2,142,172
Italy — 1.9%
Brunello Cucinelli SpA*(a)
14,654   448,622
Ferrari NV
4,989   915,359
Nexi SpA, 144A*
20,685   415,292
            1,779,273
Japan — 8.6%
Asahi Intecc Co. Ltd.
7,700   241,772
Bridgestone Corp.
12,600   397,598
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SP INTERNATIONAL GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Japan (cont’d.)
Daikin Industries Ltd.
5,300   $974,638
GMO Payment Gateway, Inc.
4,065   435,135
Hoya Corp.
9,300   1,049,918
Kao Corp.
2,800   209,659
Keyence Corp.
1,900   885,427
Menicon Co. Ltd.
8,885   592,598
Nihon M&A Center, Inc.
6,400   365,975
Sanwa Holdings Corp.
35,100   372,913
SCSK Corp.
4,700   262,980
Shionogi & Co. Ltd.
5,100   272,902
Shiseido Co. Ltd.
5,400   309,785
SMC Corp.
1,100   610,425
Terumo Corp.
6,900   274,757
Tokio Marine Holdings, Inc.
6,200   270,846
Toyota Motor Corp.
7,000   461,630
            7,988,958
Netherlands — 5.9%
Adyen NV, 144A*
1,375   2,533,186
ASML Holding NV
4,137   1,525,742
Heineken NV
5,301   471,882
Koninklijke Philips NV*
11,106   522,668
NXP Semiconductors NV
2,957   369,063
            5,422,541
New Zealand — 0.3%
Fisher & Paykel Healthcare Corp. Ltd.
12,949   284,418
Norway — 0.3%
TOMRA Systems ASA*
7,366   316,816
Singapore — 0.4%
DBS Group Holdings Ltd.
22,500   330,440
Spain — 0.4%
Amadeus IT Group SA
6,548   364,536
Sweden — 2.6%
Assa Abloy AB (Class B Stock)
23,263   543,855
Atlas Copco AB (Class A Stock)
13,602   648,802
Autoliv, Inc.
1,684   122,730
Hexagon AB (Class B Stock)*
10,747   810,597
Nibe Industrier AB (Class B Stock)*
12,629   324,993
            2,450,977
Switzerland — 9.2%
Alcon, Inc.*
3,451   195,576
Givaudan SA
209   900,139
Julius Baer Group Ltd.
8,004   339,665
Lonza Group AG
2,100   1,293,392
Novartis AG
7,031   609,524
Partners Group Holding AG
925   851,567
Roche Holding AG
2,638   903,634
SGS SA
134   358,566
SIG Combibloc Group AG*
28,318   568,053
Sika AG
2,306   565,552
Sonova Holding AG*
2,580   650,770
Straumann Holding AG
567   572,013
Temenos AG
3,121   419,741
      Shares   Value
Common Stocks (continued)
Switzerland (cont’d.)
UBS Group AG
27,160   $302,773
            8,530,965
Taiwan — 4.0%
Sea Ltd., ADR*(a)
12,370   1,905,475
Taiwan Semiconductor Manufacturing Co. Ltd.
60,000   906,462
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
10,498   851,073
            3,663,010
United Kingdom — 13.1%
Abcam PLC
23,901   378,354
Ashtead Group PLC
11,093   398,986
AstraZeneca PLC
4,956   541,117
Barratt Developments PLC
29,367   179,768
Bunzl PLC
28,319   914,327
Compass Group PLC
22,539   338,768
DCC PLC
7,874   608,554
Diageo PLC
18,222   625,053
Electrocomponents PLC
56,456   517,044
Experian PLC
38,169   1,435,262
Fevertree Drinks PLC
14,473   433,458
Halma PLC
10,480   316,134
London Stock Exchange Group PLC
8,010   916,393
Prudential PLC
24,676   353,247
Reckitt Benckiser Group PLC
6,633   647,984
RELX PLC
25,004   556,194
Rentokil Initial PLC*
55,570   383,393
Rightmove PLC
29,864   240,692
Segro PLC, REIT
37,453   450,583
Smith & Nephew PLC
17,254   336,943
Spectris PLC
7,588   237,987
Spirax-Sarco Engineering PLC
2,525   359,569
St. James’s Place PLC
17,264   206,774
Unilever NV
9,382   565,902
Weir Group PLC (The)
14,000   225,529
            12,168,015
United States — 4.2%
Aon PLC (Class A Stock)
2,878   593,731
Atlassian Corp. PLC (Class A Stock)*
5,540   1,007,117
Ferguson PLC
6,365   641,457
Lululemon Athletica, Inc.*
3,863   1,272,356
Spotify Technology SA*
1,656   401,696
            3,916,357
 
Total Common Stocks

(cost $58,395,806)
  90,593,797
Preferred Stock — 1.3%
Germany
Sartorius AG (PRFC)
3,035   1,246,348
(cost $227,341)      
 
Total Long-Term Investments

(cost $58,623,147)
  91,840,145
 
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SP INTERNATIONAL GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2020 (unaudited)
      Shares   Value
 
Short-Term Investments — 6.8%
Affiliated Mutual Funds — 6.4%
PGIM Core Ultra Short Bond Fund(w)
394,174   $394,174
PGIM Institutional Money Market Fund

(cost $5,559,752; includes $5,558,667 of cash collateral for securities on loan)(b)(w)
5,566,316   5,565,203
 
Total Affiliated Mutual Funds

(cost $5,953,926)
  5,959,377
Unaffiliated Fund — 0.4%
BlackRock Liquidity FedFund
370,730   370,730
(cost $370,730)      
 
Total Short-Term Investments

(cost $6,324,656)
  6,330,107
 
TOTAL INVESTMENTS—105.9%
(cost $64,947,803) 		  98,170,252
 
Liabilities in excess of other assets — (5.9)%   (5,502,237)
 
Net Assets — 100.0%   $92,668,015
    
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 $5,431,927; cash collateral of $5,558,667 (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).
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