NPORT-EX 2 PIPDBK0ASTTRPLgCapGthPt.htm
AST T. ROWE PRICE LARGE-CAP GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 97.9%
Common Stocks
Aerospace & Defense — 0.9%
Boeing Co. (The)
128,323   $19,138,092
Auto Components — 0.9%
Aptiv PLC
361,130   17,782,041
Biotechnology — 2.6%
Alexion Pharmaceuticals, Inc.*
91,083   8,178,342
Incyte Corp.*
121,408   8,890,708
Vertex Pharmaceuticals, Inc.*
150,344   35,774,355
            52,843,405
Capital Markets — 1.3%
Charles Schwab Corp. (The)(a)
273,159   9,183,605
S&P Global, Inc.
61,115   14,976,231
XP, Inc. (Brazil) (Class A Stock)*(a)
103,711   2,000,585
            26,160,421
Electric Utilities — 1.5%
NextEra Energy, Inc.
122,784   29,544,286
Entertainment — 3.7%
Netflix, Inc.*
132,176   49,632,088
Spotify Technology SA*
199,927   24,279,135
            73,911,223
Health Care Equipment & Supplies — 5.4%
Becton, Dickinson & Co.
98,427   22,615,572
Intuitive Surgical, Inc.*
81,906   40,560,670
Stryker Corp.
270,991   45,117,292
            108,293,534
Health Care Providers & Services — 8.5%
Anthem, Inc.
51,222   11,629,443
Centene Corp.*
285,591   16,966,961
Cigna Corp.
314,055   55,644,265
HCA Healthcare, Inc.
250,734   22,528,450
Humana, Inc.
64,104   20,129,938
UnitedHealth Group, Inc.
176,794   44,088,888
            170,987,945
Hotels, Restaurants & Leisure — 1.3%
Chipotle Mexican Grill, Inc.*
13,354   8,738,857
Hilton Worldwide Holdings, Inc.
196,078   13,380,363
Wynn Resorts Ltd.
75,173   4,524,663
            26,643,883
Interactive Media & Services — 17.5%
Alphabet, Inc. (Class A Stock)*
98,481   114,429,998
Alphabet, Inc. (Class C Stock)*
39,193   45,574,012
Facebook, Inc. (Class A Stock)*
681,940   113,747,592
IAC/InterActiveCorp*
93,238   16,711,047
Snap, Inc. (Class A Stock)*
1,436,633   17,081,566
Tencent Holdings Ltd. (China), ADR
949,423   46,607,175
            354,151,390
Internet & Direct Marketing Retail — 12.3%
Alibaba Group Holding Ltd. (China), ADR*
273,695   53,228,204
      Shares   Value
Common Stocks (continued)
Internet & Direct Marketing Retail (cont’d.)
Amazon.com, Inc.*
90,586   $176,617,336
Booking Holdings, Inc.*
13,744   18,490,078
            248,335,618
IT Services — 10.1%
Fidelity National Information Services, Inc.
143,427   17,446,460
Global Payments, Inc.
394,815   56,944,168
PayPal Holdings, Inc.*
325,712   31,183,667
Visa, Inc. (Class A Stock)(a)
613,160   98,792,339
            204,366,634
Life Sciences Tools & Services — 0.5%
Avantor, Inc.*
884,098   11,042,384
Machinery — 0.5%
Ingersoll Rand, Inc.*
428,215   10,619,732
Multiline Retail — 1.7%
Dollar General Corp.
228,724   34,539,611
Multi-Utilities — 0.7%
Sempra Energy
116,112   13,119,495
Oil, Gas & Consumable Fuels — 0.4%
Concho Resources, Inc.(a)
167,856   7,192,630
Professional Services — 0.8%
CoStar Group, Inc.*
27,702   16,266,891
Road & Rail — 0.7%
J.B. Hunt Transport Services, Inc.
61,833   5,702,858
Norfolk Southern Corp.(a)
60,437   8,823,802
            14,526,660
Semiconductors & Semiconductor Equipment — 2.6%
Advanced Micro Devices, Inc.*
298,511   13,576,280
ASML Holding NV (Netherlands)
115,370   30,185,407
Marvell Technology Group Ltd.(a)
351,162   7,946,796
            51,708,483
Software — 17.5%
Intuit, Inc.
199,275   45,833,250
Microsoft Corp.
1,082,999   170,799,772
salesforce.com, Inc.*
280,060   40,323,039
ServiceNow, Inc.*
81,879   23,464,884
Slack Technologies, Inc. (Class A Stock)*(a)
319,613   8,578,413
Splunk, Inc.*
212,863   26,869,696
Synopsys, Inc.*
83,635   10,771,352
VMware, Inc. (Class A Stock)*
160,953   19,491,408
Workday, Inc. (Class A Stock)*
63,319   8,245,400
            354,377,214
Specialty Retail — 2.1%
Carvana Co.*(a)
351,500   19,364,135
Ross Stores, Inc.
274,808   23,900,052
            43,264,187
Technology Hardware, Storage & Peripherals — 3.5%
Apple, Inc.
278,685   70,866,809
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AST T. ROWE PRICE LARGE-CAP GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Textiles, Apparel & Luxury Goods — 0.9%
Lululemon Athletica, Inc.*
77,992   $14,783,383
NIKE, Inc. (Class B Stock)
40,801   3,375,875
            18,159,258
 
Total Long-Term Investments

(cost $1,600,538,769)
  1,977,841,826
Short-Term Investments — 9.4%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
44,318,112   44,318,112
PGIM Institutional Money Market Fund

(cost $145,594,867; includes $145,388,085 of cash collateral for securities on loan)(b)(w)
145,762,323   145,529,103
 
Total Short-Term Investments

(cost $189,912,979)
  189,847,215
 
TOTAL INVESTMENTS—107.3%

(cost $1,790,451,748)
  2,167,689,041
 
Liabilities in excess of other assets — (7.3)%
  (146,895,215)
 
Net Assets — 100.0%
  $2,020,793,826
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
ADR American Depositary Receipt
    
* 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 $140,079,164; cash collateral of $145,388,085 (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 co-manager of the Portfolio, also serves as the 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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