NPORT-EX 2 PI30440ASTMFSGthPt.htm
AST MFS GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 94.8%
Common Stocks
Biotechnology — 0.9%
Vertex Pharmaceuticals, Inc.*
35,900   $8,542,405
Capital Markets — 2.6%
Intercontinental Exchange, Inc.
121,995   9,851,096
MSCI, Inc.(a)
51,908   14,999,336
            24,850,432
Chemicals — 1.3%
Sherwin-Williams Co. (The)
27,200   12,498,944
Construction Materials — 1.1%
Vulcan Materials Co.
102,864   11,116,512
Electrical Equipment — 0.6%
AMETEK, Inc.
76,047   5,476,905
Electronic Equipment, Instruments & Components — 0.5%
Amphenol Corp. (Class A Stock)
67,986   4,954,820
Entertainment — 5.1%
Activision Blizzard, Inc.*
151,420   9,006,462
Electronic Arts, Inc.*
128,408   12,862,629
Netflix, Inc.*
54,480   20,457,240
Spotify Technology SA*
17,209   2,089,861
Take-Two Interactive Software, Inc.*
45,651   5,414,665
            49,830,857
Equity Real Estate Investment Trusts (REITs) — 1.4%
American Tower Corp.
63,578   13,844,110
Food & Staples Retailing — 0.9%
Costco Wholesale Corp.
32,222   9,187,459
Health Care Equipment & Supplies — 6.6%
Abbott Laboratories
111,559   8,803,121
Becton, Dickinson & Co.
25,403   5,836,847
Boston Scientific Corp.*
329,031   10,736,281
Danaher Corp.
136,946   18,954,696
Edwards Lifesciences Corp.*
29,988   5,656,337
Medtronic PLC
154,753   13,955,625
            63,942,907
Hotels, Restaurants & Leisure — 0.9%
Chipotle Mexican Grill, Inc.*(a)
6,005   3,929,672
Hilton Worldwide Holdings, Inc.
31,392   2,142,190
Marriott International, Inc. (Class A Stock)(a)
19,886   1,487,672
Starbucks Corp.
23,840   1,567,241
            9,126,775
Household Products — 1.7%
Colgate-Palmolive Co.
242,285   16,078,033
Industrial Conglomerates — 1.1%
Roper Technologies, Inc.
32,633   10,175,296
Insurance — 1.4%
Aon PLC(a)
81,622   13,470,895
Interactive Media & Services — 7.4%
Alphabet, Inc. (Class A Stock)*
33,040   38,390,828
Alphabet, Inc. (Class C Stock)*
11,680   13,581,621
      Shares   Value
Common Stocks (continued)
Interactive Media & Services (cont’d.)
Facebook, Inc. (Class A Stock)*
116,987   $19,513,431
            71,485,880
Internet & Direct Marketing Retail — 7.4%
Alibaba Group Holding Ltd. (China), ADR*
32,057   6,234,445
Amazon.com, Inc.*
33,686   65,678,268
            71,912,713
IT Services — 16.7%
Black Knight, Inc.*
36,523   2,120,525
Fidelity National Information Services, Inc.
151,052   18,373,965
Fiserv, Inc.*(a)
234,520   22,277,055
FleetCor Technologies, Inc.*
10,322   1,925,466
Global Payments, Inc.
137,612   19,847,779
Mastercard, Inc. (Class A Stock)
150,956   36,464,931
PayPal Holdings, Inc.*
116,792   11,181,666
Shopify, Inc. (Canada) (Class A Stock)*(a)
7,556   3,150,323
Square, Inc. (Class A Stock)*(a)
91,391   4,787,061
Visa, Inc. (Class A Stock)(a)
262,624   42,313,979
            162,442,750
Life Sciences Tools & Services — 2.9%
Illumina, Inc.*
18,774   5,127,555
Thermo Fisher Scientific, Inc.
82,885   23,506,186
            28,633,741
Media — 1.7%
Charter Communications, Inc. (Class A Stock)*
32,698   14,266,464
Comcast Corp. (Class A Stock)(a)
75,929   2,610,439
            16,876,903
Multiline Retail — 1.2%
Dollar General Corp.
49,235   7,434,977
Dollar Tree, Inc.*
62,580   4,597,753
            12,032,730
Personal Products — 0.7%
Estee Lauder Cos., Inc. (The) (Class A Stock)
41,615   6,630,934
Pharmaceuticals — 2.9%
Eli Lilly & Co.
35,743   4,958,269
Merck & Co., Inc.
85,312   6,563,905
Zoetis, Inc.
139,894   16,464,125
            27,986,299
Professional Services — 3.9%
Clarivate Analytics PLC (United Kingdom)*
242,912   5,040,424
CoStar Group, Inc.*
7,462   4,381,761
Equifax, Inc.
11,245   1,343,215
IHS Markit Ltd.
87,876   5,272,560
TransUnion
88,240   5,839,723
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AST MFS GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Professional Services (cont’d.)
Verisk Analytics, Inc.
112,443   $15,672,306
            37,549,989
Road & Rail — 0.9%
Canadian Pacific Railway Ltd. (Canada)
30,664   6,733,508
Union Pacific Corp.
15,308   2,159,040
            8,892,548
Semiconductors & Semiconductor Equipment — 0.7%
NVIDIA Corp.
26,823   7,070,543
Software — 18.3%
Adobe, Inc.*
132,299   42,102,834
Cadence Design Systems, Inc.*
72,109   4,762,078
Intuit, Inc.
73,137   16,821,510
Microsoft Corp.
563,917   88,935,350
salesforce.com, Inc.*
134,274   19,332,771
ServiceNow, Inc.*
21,131   6,055,722
            178,010,265
Specialty Retail — 1.0%
O’Reilly Automotive, Inc.*
3,420   1,029,591
Ross Stores, Inc.
102,372   8,903,293
            9,932,884
Technology Hardware, Storage & Peripherals — 1.8%
Apple, Inc.
68,919   17,525,413
Textiles, Apparel & Luxury Goods — 1.2%
Lululemon Athletica, Inc.*
17,980   3,408,109
NIKE, Inc. (Class B Stock)
98,722   8,168,258
            11,576,367
 
Total Long-Term Investments

(cost $654,978,750)
  921,656,309
      Shares   Value
 
Short-Term Investments — 13.7%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
38,984,368   $38,984,368
PGIM Institutional Money Market Fund

(cost $94,255,555; includes $94,168,030 of cash collateral for securities on loan)(b)(w)
94,461,528   94,310,389
 
Total Short-Term Investments

(cost $133,239,923)
  133,294,757
 
TOTAL INVESTMENTS—108.5%

(cost $788,218,673)
  1,054,951,066
 
Liabilities in excess of other assets — (8.5)%
  (82,495,790)
 
Net Assets — 100.0%
  $972,455,276
    
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 $89,853,200; cash collateral of $94,168,030 (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 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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