NPORT-EX 2 PIPDBV0ASTMFSLgCapValPt.htm
AST MFS LARGE-CAP VALUE PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Long-Term Investments — 95.8%
Common Stocks
Aerospace & Defense — 4.9%
Lockheed Martin Corp.
43,016   $14,580,273
Northrop Grumman Corp.
101,430   30,687,647
United Technologies Corp.
146,861   13,853,398
            59,121,318
Auto Components — 0.6%
Aptiv PLC
144,752   7,127,588
Banks — 10.2%
Citigroup, Inc.
523,556   22,052,179
JPMorgan Chase & Co.
547,857   49,323,566
PNC Financial Services Group, Inc. (The)
142,830   13,671,687
Truist Financial Corp.
406,956   12,550,523
U.S. Bancorp(a)
570,224   19,644,217
Wells Fargo & Co.
193,908   5,565,159
            122,807,331
Beverages — 2.1%
Diageo PLC (United Kingdom)
568,204   18,214,397
PepsiCo, Inc.
60,460   7,261,246
            25,475,643
Building Products — 2.4%
Johnson Controls International PLC
393,746   10,615,392
Masco Corp.(a)
226,274   7,822,292
Trane Technologies PLC
120,143   9,922,611
            28,360,295
Capital Markets — 5.7%
BlackRock, Inc.
30,010   13,203,500
Goldman Sachs Group, Inc. (The)
112,169   17,340,206
Moody’s Corp.
40,707   8,609,530
Nasdaq, Inc.
168,239   15,974,293
State Street Corp.
137,896   7,345,720
T. Rowe Price Group, Inc.(a)
62,374   6,090,821
            68,564,070
Chemicals — 3.4%
Corteva, Inc.
60,450   1,420,575
DuPont de Nemours, Inc.
189,007   6,445,139
PPG Industries, Inc.
227,103   18,985,811
Sherwin-Williams Co. (The)
29,409   13,514,023
            40,365,548
Consumer Finance — 0.8%
American Express Co.
117,108   10,025,616
Diversified Telecommunication Services — 0.5%
Verizon Communications, Inc.
118,378   6,360,450
Electric Utilities — 7.2%
American Electric Power Co., Inc.
75,868   6,067,923
Duke Energy Corp.(a)
380,218   30,752,032
FirstEnergy Corp.
433,359   17,364,695
Southern Co. (The)
470,572   25,476,768
Xcel Energy, Inc.
119,917   7,230,995
            86,892,413
      Shares   Value
Common Stocks (continued)
Electrical Equipment — 1.3%
Eaton Corp. PLC
195,884   $15,218,228
Equity Real Estate Investment Trusts (REITs) — 0.4%
Public Storage
24,278   4,821,854
Food Products — 3.5%
Archer-Daniels-Midland Co.
184,128   6,477,623
Danone SA (France)
81,924   5,275,687
J.M. Smucker Co. (The)(a)
48,809   5,417,799
Nestle SA (Switzerland)
239,298   24,482,664
            41,653,773
Health Care Equipment & Supplies — 6.9%
Abbott Laboratories
229,465   18,107,083
Boston Scientific Corp.*
251,053   8,191,860
Danaher Corp.
150,137   20,780,462
Medtronic PLC
394,167   35,545,980
            82,625,385
Health Care Providers & Services — 3.3%
Cigna Corp.
166,760   29,546,537
McKesson Corp.
73,513   9,943,368
            39,489,905
Hotels, Restaurants & Leisure — 0.4%
Marriott International, Inc. (Class A Stock)(a)
61,775   4,621,388
Household Products — 1.1%
Colgate-Palmolive Co.
41,411   2,748,034
Kimberly-Clark Corp.
37,838   4,838,345
Reckitt Benckiser Group PLC (United Kingdom)
80,591   6,137,072
            13,723,451
Industrial Conglomerates — 2.4%
Honeywell International, Inc.
219,571   29,376,404
Insurance — 8.0%
Aon PLC(a)
172,955   28,544,493
Chubb Ltd.
219,883   24,558,733
Marsh & McLennan Cos., Inc.
253,183   21,890,202
Travelers Cos., Inc. (The)
209,409   20,804,784
            95,798,212
IT Services — 5.8%
Accenture PLC (Class A Stock)
177,709   29,012,771
Cognizant Technology Solutions Corp. (Class A Stock)
94,752   4,403,126
Fidelity National Information Services, Inc.
146,716   17,846,534
Fiserv, Inc.*
200,389   19,034,951
            70,297,382
Life Sciences Tools & Services — 1.6%
Thermo Fisher Scientific, Inc.
67,297   19,085,429
Machinery — 2.6%
Illinois Tool Works, Inc.(a)
145,519   20,681,160
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AST MFS LARGE-CAP VALUE PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2020 (unaudited)
      Shares   Value
Common Stocks (continued)
Machinery (cont’d.)
Stanley Black & Decker, Inc.
106,098   $10,609,800
            31,290,960
Media — 2.9%
Comcast Corp. (Class A Stock)
1,016,134   34,934,687
Oil, Gas & Consumable Fuels — 2.4%
Chevron Corp.
94,485   6,846,383
ConocoPhillips
251,399   7,743,089
EOG Resources, Inc.
132,039   4,742,841
Pioneer Natural Resources Co.
39,825   2,793,724
Suncor Energy, Inc. (Canada)
425,747   6,794,768
            28,920,805
Pharmaceuticals — 8.0%
Johnson & Johnson
388,625   50,960,396
Merck & Co., Inc.
201,027   15,467,018
Pfizer, Inc.
713,303   23,282,210
Roche Holding AG (Switzerland)
21,508   6,965,939
            96,675,563
Professional Services — 0.9%
Equifax, Inc.
92,880   11,094,516
Road & Rail — 1.9%
Canadian National Railway Co. (Canada)
93,923   7,291,242
Union Pacific Corp.
109,843   15,492,257
            22,783,499
Semiconductors & Semiconductor Equipment — 3.4%
Analog Devices, Inc.
83,120   7,451,708
NXP Semiconductors NV (Netherlands)
103,206   8,558,874
Texas Instruments, Inc.(a)
248,240   24,806,623
            40,817,205
Tobacco — 1.2%
Philip Morris International, Inc.
193,993   14,153,729
 
Total Long-Term Investments

(cost $1,198,039,226)
  1,152,482,647
      Shares   Value
 
Short-Term Investments — 9.5%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(w)
31,540,816   $31,540,816
PGIM Institutional Money Market Fund

(cost $83,326,317; includes $83,207,534 of cash collateral for securities on loan)(b)(w)
83,493,494   83,359,904
 
Total Short-Term Investments

(cost $114,867,133)
  114,900,720
 
TOTAL INVESTMENTS—105.3%

(cost $1,312,906,359)
  1,267,383,367
 
Liabilities in excess of other assets — (5.3)%
  (64,132,081)
 
Net Assets — 100.0%
  $1,203,251,286
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
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 $79,652,758; cash collateral of $83,207,534 (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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