NPORT-EX 2 PIPDQ00PRU033125.htm
PSF PGIM JENNISON BLEND PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
      Shares   Value
Long-Term Investments — 99.5%
Common Stocks
Aerospace & Defense — 3.5%
Boeing Co. (The)*
268,505   $45,793,528
General Electric Co.
436,403   87,346,060
RTX Corp.
639,321   84,684,460
            217,824,048
Automobiles — 0.9%
Tesla, Inc.*
226,621   58,731,098
Banks — 5.8%
Bank of America Corp.
373,873   15,601,720
East West Bancorp, Inc.
294,870   26,467,531
JPMorgan Chase & Co.
472,332   115,863,040
Pinnacle Financial Partners, Inc.
156,082   16,550,935
PNC Financial Services Group, Inc. (The)
780,338   137,160,010
Truist Financial Corp.
770,689   31,713,853
Wintrust Financial Corp.
201,020   22,606,709
            365,963,798
Biotechnology — 0.5%
AbbVie, Inc.
82,182   17,218,773
Natera, Inc.*
118,645   16,777,589
            33,996,362
Broadline Retail — 3.9%
Amazon.com, Inc.*
1,302,065   247,730,887
Capital Markets — 1.1%
Goldman Sachs Group, Inc. (The)
97,852   53,455,569
Houlihan Lokey, Inc.
99,769   16,112,694
            69,568,263
Communications Equipment — 1.5%
Cisco Systems, Inc.
1,529,298   94,372,980
Construction & Engineering — 0.5%
Comfort Systems USA, Inc.
91,050   29,348,147
Consumer Finance — 0.3%
Ally Financial, Inc.
465,637   16,981,781
Consumer Staples Distribution & Retail — 4.1%
BJ’s Wholesale Club Holdings, Inc.*
182,413   20,813,323
Costco Wholesale Corp.
92,629   87,606,656
Walmart, Inc.
1,674,835   147,033,765
            255,453,744
Containers & Packaging — 0.5%
Crown Holdings, Inc.
385,636   34,421,869
Diversified Consumer Services — 0.3%
Service Corp. International
223,045   17,888,209
Diversified Telecommunication Services — 1.2%
AT&T, Inc.
2,653,241   75,033,655
Electric Utilities — 0.8%
NextEra Energy, Inc.
707,166   50,130,998
Electrical Equipment — 0.7%
AMETEK, Inc.
91,171   15,694,176
      Shares   Value
Common Stocks (continued)
Electrical Equipment (cont’d.)
Generac Holdings, Inc.*
244,751   $30,997,714
            46,691,890
Electronic Equipment, Instruments & Components — 0.3%
Corning, Inc.
423,754   19,399,458
Energy Equipment & Services — 0.4%
TechnipFMC PLC (United Kingdom)
841,708   26,673,727
Entertainment — 3.3%
Netflix, Inc.*
133,747   124,723,090
Spotify Technology SA*
52,547   28,902,427
Walt Disney Co. (The)
540,006   53,298,592
            206,924,109
Financial Services — 1.6%
Mastercard, Inc. (Class A Stock)
40,078   21,967,553
Toast, Inc. (Class A Stock)*
1,093,228   36,262,373
Visa, Inc. (Class A Stock)
116,466   40,816,674
            99,046,600
Ground Transportation — 2.1%
Uber Technologies, Inc.*
645,650   47,042,059
Union Pacific Corp.
348,936   82,432,641
            129,474,700
Health Care Equipment & Supplies — 2.4%
Abbott Laboratories
339,759   45,069,032
Boston Scientific Corp.*
179,123   18,069,928
GE HealthCare Technologies, Inc.
791,252   63,861,949
Insulet Corp.*
93,200   24,475,252
            151,476,161
Health Care Providers & Services — 1.5%
Encompass Health Corp.
305,444   30,935,368
UnitedHealth Group, Inc.
126,369   66,185,764
            97,121,132
Hotels, Restaurants & Leisure — 0.5%
Texas Roadhouse, Inc.
190,480   31,739,682
Household Durables — 0.2%
SharkNinja, Inc.*
184,808   15,414,835
Household Products — 0.7%
Procter & Gamble Co. (The)
253,313   43,169,601
Independent Power & Renewable Electricity Producers — 0.5%
Vistra Corp.
266,603   31,309,856
Industrial Conglomerates — 0.8%
3M Co.
328,270   48,209,732
Industrial REITs — 0.7%
Prologis, Inc.
387,514   43,320,190
Insurance — 6.3%
Axis Capital Holdings Ltd.
274,888   27,554,773
Chubb Ltd.
377,134   113,890,697
Markel Group, Inc.*(a)
26,676   49,873,716
MetLife, Inc.
1,230,109   98,765,451
Progressive Corp. (The)
307,174   86,933,314
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PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
      Shares   Value
Common Stocks (continued)
Insurance (cont’d.)
RenaissanceRe Holdings Ltd. (Bermuda)
73,916   $17,739,840
            394,757,791
Interactive Media & Services — 7.4%
Alphabet, Inc. (Class A Stock)
1,690,664   261,444,281
Meta Platforms, Inc. (Class A Stock)
350,027   201,741,562
            463,185,843
IT Services — 1.2%
International Business Machines Corp.(a)
306,138   76,124,275
Leisure Products — 0.3%
Hasbro, Inc.
265,091   16,300,446
Machinery — 3.0%
Allison Transmission Holdings, Inc.
166,066   15,887,534
Caterpillar, Inc.
153,334   50,569,553
Gates Industrial Corp. PLC*
1,175,074   21,633,112
Parker-Hannifin Corp.
164,664   100,091,013
            188,181,212
Marine Transportation — 0.4%
Kirby Corp.*
275,688   27,847,245
Multi-Utilities — 1.2%
NiSource, Inc.
1,887,789   75,681,461
Oil, Gas & Consumable Fuels — 4.9%
Cheniere Energy, Inc.
278,087   64,349,332
Chevron Corp.(a)
589,713   98,653,088
Exxon Mobil Corp.
369,373   43,929,531
Shell PLC, ADR
813,197   59,591,076
Williams Cos., Inc. (The)
679,723   40,620,246
            307,143,273
Personal Care Products — 1.6%
Unilever PLC (United Kingdom), ADR(a)
1,671,550   99,540,803
Pharmaceuticals — 4.2%
AstraZeneca PLC (United Kingdom), ADR
1,329,230   97,698,405
Bristol-Myers Squibb Co.
1,887,747   115,133,690
Eli Lilly & Co.
59,662   49,275,442
            262,107,537
Real Estate Management & Development — 0.6%
CBRE Group, Inc. (Class A Stock)*
272,935   35,694,439
Residential REITs — 0.3%
AvalonBay Communities, Inc.(a)
93,387   20,042,718
Semiconductors & Semiconductor Equipment — 8.7%
Broadcom, Inc.
698,525   116,954,041
Lam Research Corp.
362,253   26,335,793
Marvell Technology, Inc.
556,108   34,239,570
NVIDIA Corp.
2,854,054   309,322,372
      Shares   Value
Common Stocks (continued)
Semiconductors & Semiconductor Equipment (cont’d.)
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), ADR
357,830   $59,399,780
            546,251,556
Software — 6.5%
AppLovin Corp. (Class A Stock)*
80,572   21,349,163
DocuSign, Inc.*
205,460   16,724,444
Microsoft Corp.
906,991   340,475,351
Oracle Corp.
115,248   16,112,823
Salesforce, Inc.
66,258   17,780,997
            412,442,778
Specialized REITs — 0.4%
Gaming & Leisure Properties, Inc.
525,545   26,750,241
Specialty Retail — 1.9%
Lowe’s Cos., Inc.
171,102   39,906,119
TJX Cos., Inc. (The)
678,156   82,599,401
            122,505,520
Technology Hardware, Storage & Peripherals — 8.4%
Apple, Inc.
2,375,542   527,679,144
Textiles, Apparel & Luxury Goods — 1.1%
NIKE, Inc. (Class B Stock)
308,655   19,593,419
Ralph Lauren Corp.
214,324   47,309,880
            66,903,299
Trading Companies & Distributors — 0.5%
Core & Main, Inc. (Class A Stock)*
349,942   16,905,698
WESCO International, Inc.
102,003   15,841,066
            32,746,764
 
Total Long-Term Investments

(cost $4,244,179,133)
  6,259,303,857
Short-Term Investments — 3.8%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(wb)
28,779,721   28,779,721
PGIM Institutional Money Market Fund (7-day effective yield 4.548%)

(cost $211,449,122; includes $211,019,467 of cash collateral for securities on loan)(b)(wb)
211,615,517   211,488,548
 
Total Short-Term Investments

(cost $240,228,843)
  240,268,269
 
TOTAL INVESTMENTS—103.3%

(cost $4,484,407,976)
  6,499,572,126
 
Liabilities in excess of other assets — (3.3)%
  (209,214,104)
 
Net Assets — 100.0%
  $6,290,358,022
    
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
    
 
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PSF PGIM JENNISON BLEND PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
* 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 $208,446,739; cash collateral of $211,019,467 (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.
(wb) Represents an investment in a Fund affiliated with the Manager. 
Other information regarding the Portfolio is available in the Fund’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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