0001752724-24-067664.txt : 20240326 0001752724-24-067664.hdr.sgml : 20240326 20240326123249 ACCESSION NUMBER: 0001752724-24-067664 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 PERIOD START: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL JENNISON NATURAL RESOURCES FUND, INC. CENTRAL INDEX KEY: 0000816753 ORGANIZATION NAME: IRS NUMBER: 133422833 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05206 FILM NUMBER: 24782308 BUSINESS ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 6TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: (973) 802-5032 MAIL ADDRESS: STREET 1: 655 BROAD STREET STREET 2: 6TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: JENNISON NATURAL RESOURCES FUND INC DATE OF NAME CHANGE: 20030716 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL NATURAL RESOURCES FUND INC DATE OF NAME CHANGE: 19960809 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL GLOBAL NATURAL RESOURCES FUND INC DATE OF NAME CHANGE: 19950523 0000816753 S000004515 PGIM Jennison Natural Resources Fund C000012400 Class A PGNAX C000012402 Class C PNRCX C000012403 Class Z PNRZX C000036077 Class R JNRRX C000095379 Class R6 PJNQX NPORT-P 1 primary_doc.xml NPORT-P false 0000816753 XXXXXXXX S000004515 C000036077 C000012403 C000095379 C000012402 C000012400 Prudential Jennison Natural Resources Fund, Inc. 811-05206 0000816753 549300T3SIDH9JN6B631 655 Broad Street Newark 07102-4077 1-800-225-1852 PGIM Jennison Natural Resources Fund S000004515 GZH8OOEW70J2A1DFJE03 2024-10-31 2024-01-31 N 789855066.48 118503122.15 671351944.33 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Freyr Battery Inc 529900H0645VFXNMJ693 Freyr Battery Inc 35834F104 1217356.00000000 NS USD 1643430.60000000 0.244794196826 Long EC CORP NO N 1 N N Freeport-McMoRan Inc 549300IRDTHJQ1PVET45 Freeport-McMoRan Inc 35671D857 226919.00000000 NS USD 9006415.11000000 1.341534077031 Long EC CORP US N 1 N N N Technip Energies NV 724500FLODI49NSCIP70 Technip Energies NV 000000000 488621.00000000 NS 10114737.27000000 1.506622175659 Long EC CORP FR N 2 N N N Permian Resources Corp 529900NXUJPOKU7OJ511 Permian Resources Corp 71424F105 875607.00000000 NS USD 11803182.36000000 1.758121423447 Long EC CORP US N 1 N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 201766.00000000 NS USD 22571562.42000000 3.362105764440 Long EC CORP US N 1 N N N Weatherford International PLC 529900LPBDSCQDJKHQ39 Weatherford International PLC 000000000 200260.00000000 NS USD 17933283.00000000 2.671219343513 Long EC CORP US N 1 N N N Agnico Eagle Mines Ltd YGE0EUBRF7IJOB3QRX76 Agnico Eagle Mines Ltd 008474108 490268.00000000 NS USD 24101574.88000000 3.590005969827 Long EC CORP CA N 1 N N N Halliburton Co ENYF8GB5SMQZ25S06U51 Halliburton Co 406216101 400856.00000000 NS USD 14290516.40000000 2.128617712467 Long EC CORP US N 1 N N N Sintana Energy Inc N/A Sintana Energy Inc 82938H107 637992.00000000 NS 227778.02000000 0.033928258035 Long EC CORP CA N 1 N N N Ameresco Inc 529900NZXZGBCBXYY327 Ameresco Inc 02361E108 194810.00000000 NS USD 3979968.30000000 0.592828893043 Long EC CORP US N 1 N N Alfen N.V. 724500HDW6IWR9J5YT90 Alfen N.V. 000000000 36400.00000000 NS 2201238.05000000 0.327881384509 Long EC CORP NL N 2 N N N Cameco Corp N4BHALMXL3GMZKCUON55 Cameco Corp 13321L108 636877.00000000 NS USD 30410876.75000000 4.529796481091 Long EC CORP CA N 1 N N ARC Resources Ltd 5493000OCGNQZEVTDT08 ARC Resources Ltd 00208D408 339161.00000000 NS 5267344.77000000 0.784587698670 Long EC CORP CA N 1 N N N Endeavour Mining PLC 529900NI5MXQ91GHXR07 Endeavour Mining PLC 000000000 794003.00000000 NS 13754568.69000000 2.048786602342 Long EC CORP GB N 1 N N N Corteva Inc 549300WZN9I2QKLS0O94 Corteva Inc 22052L104 195483.00000000 NS USD 8890566.84000000 1.324278110026 Long EC CORP US N 1 N N N CF Industries Holdings Inc 529900CG8YAQFZ2JMV97 CF Industries Holdings Inc 125269100 89256.00000000 NS USD 6739720.56000000 1.003902739378 Long EC CORP US N 1 N N N Vallourec SACA 969500P2Q1B47H4MCJ34 Vallourec SACA 000000000 371853.00000000 NS 5319805.66000000 0.792401914514 Long EC CORP FR N 2 N N N PLATMIN LTD N/A PLATMIN LTD 000000000 523100.00000000 NS 13258.49000000 0.001974894109 Long EC CORP GB N 3 N N N Lifezone Holdings Ltd N/A Lifezone Holdings Ltd 000000000 452817.00000000 NS USD 2721430.17000000 0.405365649564 Long EC CORP IM N 1 N N N Expro Group Holdings NV 724500LJYA8QIT73H017 Expro Group Holdings NV 000000000 332015.00000000 NS USD 5843464.00000000 0.870402484025 Long EC CORP US N 1 N N N Valero Energy Corp 549300XTO5VR8SKV1V74 Valero Energy Corp 91913Y100 153704.00000000 NS USD 21349485.60000000 3.180073548652 Long EC CORP US N 1 N N N EQT Corp 4NT01YGM4X7ZX86ISY52 EQT Corp 26884L109 213858.00000000 NS USD 7570573.20000000 1.127660873546 Long EC CORP US N 1 N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 Cheniere Energy Inc 16411R208 151600.00000000 NS USD 24860884.00000000 3.703107469929 Long EC CORP US N 1 N N N Hudbay Minerals Inc 549300WI524AL577IX21 Hudbay Minerals Inc 443628102 1778512.00000000 NS 9881724.60000000 1.471914199915 Long EC CORP CA N 1 N N N Bunge Global SA 254900IVXSV9K0B7PO26 Bunge Global SA 000000000 71747.00000000 NS USD 6320193.23000000 0.941412813856 Long EC CORP US N 1 N N N New Fortress Energy Inc 254900EICTYTCHA5X705 New Fortress Energy Inc 644393100 65782.00000000 NS USD 2185935.86000000 0.325602074807 Long EC CORP US N 1 N N Hess Corp UASVRYNXNK17ULIGK870 Hess Corp 42809H107 101816.00000000 NS USD 14308202.48000000 2.131252110140 Long EC CORP US N 1 N N N SINTANA ENERGY RESTRICTED N/A SINTANA ENERGY RESTRICTED 000000000 1304999.00000000 NS 465915.07000000 0.069399526423 Long EC CORP CA N 1 N N N MAG Silver Corp 254900LGL904N7F3EL14 MAG Silver Corp 55903Q104 454206.00000000 NS 4087837.11000000 0.608896294190 Long EC CORP CA N 1 N N N TechnipFMC PLC 549300D5I93QWCJTCK36 TechnipFMC PLC 000000000 1572031.00000000 NS USD 30403079.54000000 4.528635061948 Long EC CORP GB N 1 N N N Ivanhoe Electric Inc / US N/A Ivanhoe Electric Inc / US 46578C108 500000.00000000 NS USD 4180000.00000000 0.622624248771 Long EC CORP CA N 1 N N Osisko Mining Inc 254900SJU6CW31RVHW15 Osisko Mining Inc 688281104 1821975.00000000 NS 3279541.45000000 0.488498093689 Long EC CORP CA N 1 N N N Glencore PLC 2138002658CPO9NBH955 Glencore PLC 000000000 3918159.00000000 NS 20730811.66000000 3.087920104363 Long EC CORP CH N 2 N N N California Resources Corp 5493003Q8F0T4F4YMR48 California Resources Corp 13057Q305 93705.00000000 NS USD 4467854.40000000 0.665501074024 Long EC CORP US N 1 N N N (PIPA070) PGIM Core Government Money Market Fund N/A (PIPA070) PGIM Core Government Money Market Fund 000000000 6247903.23000000 NS USD 6247903.23000000 0.930644989229 Long STIV RF US N 1 N N N BHP Group Ltd WZE1WSENV6JSZFK0JC28 BHP Group Ltd 088606108 166754.00000000 NS USD 10208679.88000000 1.520615225176 Long EC CORP AU N 1 N N Exxon Mobil Corp J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp 30231G102 154097.00000000 NS USD 15842712.57000000 2.359822251771 Long EC CORP US N 1 N N N Kosmos Energy Ltd 213800YDFJ3OT9B5P157 Kosmos Energy Ltd 500688106 1727871.00000000 NS USD 10470898.26000000 1.559673483995 Long EC CORP US N 1 N N N Cactus Inc 549300J3T8C9F8QFKV08 Cactus Inc 127203107 262224.00000000 NS USD 11128786.56000000 1.657668031498 Long EC CORP US N 1 N N N Schlumberger NV 213800ZUA17OK3QLGM62 Schlumberger NV 806857108 425796.00000000 NS USD 20736265.20000000 3.088732426431 Long EC CORP US N 1 N N N Chesapeake Energy Corp X2MT1W32SPAZ9WSKLE78 Chesapeake Energy Corp 165167735 182676.00000000 NS USD 14086146.36000000 2.098176147245 Long EC CORP US N 1 N N TotalEnergies SE 529900S21EQ1BO4ESM68 TotalEnergies SE 89151E109 341379.00000000 NS USD 22251083.22000000 3.314369371821 Long EC CORP FR N 1 N N Lundin Mining Corp 549300FQDIM6C8HTN269 Lundin Mining Corp 550372106 2168420.00000000 NS 17709287.52000000 2.637854506800 Long EC CORP CA N 1 N N N Transocean Ltd 529900QO4W5DQGBGEF32 Transocean Ltd 000000000 1410539.00000000 NS USD 7701542.94000000 1.147169231435 Long EC CORP US N 1 N N Barrick Gold Corp 0O4KBQCJZX82UKGCBV73 Barrick Gold Corp 067901108 1385775.00000000 NS USD 21618090.00000000 3.220083025390 Long EC CORP CA N 1 N N N Enphase Energy Inc 5493008U7KIGMI59Z314 Enphase Energy Inc 29355A107 26664.00000000 NS USD 2776522.32000000 0.413571799925 Long EC CORP US N 1 N N N ERO Copper Corp 549300KL8A21SEIO8I47 ERO Copper Corp 296006109 879493.00000000 NS 13770186.81000000 2.051112970819 Long EC CORP CA N 1 N N N Darling Ingredients Inc L1N0SPPKS7EXZYUMZ898 Darling Ingredients Inc 237266101 176635.00000000 NS USD 7648295.50000000 1.139237856476 Long EC CORP US N 1 N N N PGIM Institutional Money Market Fund - D N/A PGIM Institutional Money Market Fund - D 000000000 109311358.78500000 NS USD 109278565.38000000 16.27738867861 Long STIV RF US N 1 N N NEXTracker Inc N/A NEXTracker Inc 65290E101 94340.00000000 NS USD 4270771.80000000 0.636144996088 Long EC CORP US N 1 N N N Ivanhoe Mines Ltd 5299006XZISURYIA4G32 Ivanhoe Mines Ltd 46579R104 2488869.00000000 NS 26120675.06000000 3.890757341303 Long EC CORP CA N 1 N N Diamondback Energy Inc 549300R22LSX6OHWEN64 Diamondback Energy Inc 25278X109 242468.00000000 NS USD 37277030.32000000 5.552531818046 Long EC CORP US N 1 N N N TXO Partners LP KWQMGYEOMKX7BT2PZF05 TXO Partners LP 87313P103 175000.00000000 NS USD 3258500.00000000 0.485363903019 Long EC CORP US N 1 N N N Solaris Resources Inc N/A Solaris Resources Inc 83419D201 1036340.00000000 NS 2967688.65000000 0.442046630692 Long EC CORP CA N 1 N N N Array Technologies Inc 549300JM5FECYJQ85V37 Array Technologies Inc 04271T100 475058.00000000 NS USD 6289767.92000000 0.936880867497 Long EC CORP US N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC 780259305 547232.00000000 NS USD 34426365.12000000 5.127916201144 Long EC CORP GB N 1 N N Chart Industries Inc EM7QGKC1GYOF3LSZSL80 Chart Industries Inc 16115Q308 69834.00000000 NS USD 8151024.48000000 1.214120931478 Long EC CORP US N 1 N N Chord Energy Corp 529900FA4V2YNIKZ0M71 Chord Energy Corp 674215207 85636.00000000 NS USD 13167391.36000000 1.961324677943 Long EC CORP US N 1 N N N 2024-03-25 Prudential Jennison Natural Resources Fund, Inc. Christian J. Kelly Christian J. Kelly Chief Financial Officer XXXX NPORT-EX 2 PI62220PRU013124.htm
PGIM Jennison Natural Resources Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description     Shares Value
Long-Term Investments 99.1%
Common Stocks 
Agricultural Products 2.1%
Bunge Global SA       71,747  $6,320,193
Darling Ingredients, Inc.*       176,635 7,648,296
          13,968,489
Aluminum 0.6%
Alcoa Corp.       133,867 3,982,543
Coal & Consumable Fuels 4.5%
Cameco Corp. (Canada)(a)       636,877 30,410,877
Construction & Engineering 0.6%
Ameresco, Inc. (Class A Stock)*(a)       194,810 3,979,968
Copper 6.0%
ERO Copper Corp. (Brazil)*       879,493 13,770,187
Freeport-McMoRan, Inc.       226,919 9,006,415
Lundin Mining Corp. (Chile)       2,168,420 17,709,287
          40,485,889
Diversified Metals & Mining 11.4%
BHP Group Ltd. (Australia), ADR(a)       166,754 10,208,680
Glencore PLC (Australia)       3,918,159 20,730,812
Hudbay Minerals, Inc. (Canada)       1,778,512 9,881,724
Ivanhoe Electric, Inc.*(a)       500,000 4,180,000
Ivanhoe Mines Ltd. (Canada) (Class A Stock)*(a)       2,488,869 26,120,675
Lifezone Metals Ltd. (United Kingdom)*       452,817 2,721,430
Solaris Resources, Inc. (Canada)*       1,036,340 2,967,689
          76,811,010
Electrical Components & Equipment 1.8%
Array Technologies, Inc.*       475,058 6,289,768
Freyr Battery, Inc. (Norway)*(a)       1,217,356 1,643,430
NEXTracker, Inc. (Class A Stock)*       94,340 4,270,772
          12,203,970
1
PGIM Jennison Natural Resources Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Fertilizers & Agricultural Chemicals 2.3%
CF Industries Holdings, Inc.       89,256  $6,739,720
Corteva, Inc.       195,483 8,890,567
          15,630,287
Gold 9.3%
Agnico Eagle Mines Ltd. (Canada)       490,268 24,101,575
Barrick Gold Corp. (Canada)       1,385,775 21,618,090
Endeavour Mining PLC (Burkina Faso)       794,003 13,754,569
Osisko Mining, Inc. (Canada)*       1,821,975 3,279,541
          62,753,775
Heavy Electrical Equipment 0.3%
Alfen N.V. (Netherlands), 144A*       36,400 2,201,238
Industrial Machinery 1.2%
Chart Industries, Inc.*(a)       69,834 8,151,024
Integrated Oil & Gas 10.8%
Exxon Mobil Corp.       154,097 15,842,713
Shell PLC (Netherlands), ADR(a)       547,232 34,426,365
TotalEnergies SE (France), ADR(a)       341,379 22,251,083
          72,520,161
Oil & Gas Drilling 1.2%
Transocean Ltd.*(a)       1,410,539 7,701,543
Oil & Gas Equipment & Services 17.2%
Cactus, Inc. (Class A Stock)       262,224 11,128,787
Expro Group Holdings NV*       332,015 5,843,464
Halliburton Co.       400,856 14,290,516
Schlumberger NV       425,796 20,736,265
Technip Energies NV (France)       488,621 10,114,737
TechnipFMC PLC (United Kingdom)       1,572,031 30,403,080
Vallourec SACA (France)*       371,853 5,319,806
Weatherford International PLC*       200,260 17,933,283
          115,769,938
Oil & Gas Exploration & Production 21.6%
ARC Resources Ltd. (Canada)       339,161 5,267,345
California Resources Corp.       93,705 4,467,855
Chesapeake Energy Corp.(a)       182,676 14,086,146
2
PGIM Jennison Natural Resources Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Oil & Gas Exploration & Production (cont’d.)
Chord Energy Corp.       85,636  $13,167,391
ConocoPhillips       201,766 22,571,563
Diamondback Energy, Inc.       242,468 37,277,030
EQT Corp.       213,858 7,570,573
Hess Corp.       101,816 14,308,203
Kosmos Energy Ltd. (Ghana)*       1,727,871 10,470,898
Permian Resources Corp.(a)       875,607 11,803,182
Sintana Energy, Inc. (Canada)*       637,992 227,778
Sintana Energy, Inc. (Canada), Reg D (original cost $20,701,233; purchased 06/03/11)*(f)       1,304,999 465,915
TXO Partners LP       175,000 3,258,500
          144,942,379
Oil & Gas Refining & Marketing 3.2%
Valero Energy Corp.       153,704 21,349,486
Oil & Gas Storage & Transportation 4.0%
Cheniere Energy, Inc.       151,600 24,860,884
New Fortress Energy, Inc.(a)       65,782 2,185,936
          27,046,820
Precious Metals & Minerals 0.0%
Sedibelo Platinum Mines Ltd. (South Africa) Private Placement
(original cost $4,469,143; purchased 11/27/07)*^(f) 		      523,100 13,259
Semiconductor Equipment 0.4%
Enphase Energy, Inc.*       26,664 2,776,522
Silver 0.6%
MAG Silver Corp. (Canada)*       454,206 4,087,837
     
 
 
Total Long-Term Investments
(cost $572,449,764) 		666,787,015
 
Short-Term Investments 16.0%
Affiliated Mutual Funds 
PGIM Core Government Money Market Fund (7-day effective yield 5.560%)(wb)     2,212,708 2,212,708
3
PGIM Jennison Natural Resources Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description     Shares Value
 
Affiliated Mutual Funds (Continued)
PGIM Institutional Money Market Fund (7-day effective yield 5.727%)
(cost $105,666,912; includes $105,224,584 of cash collateral for securities on loan)(b)(wb) 		    105,770,864  $105,739,133
     
 
 
Total Short-Term Investments
(cost $107,879,620) 		107,951,841
 
TOTAL INVESTMENTS 115.1%
(cost $680,329,384) 		774,738,856
Liabilities in excess of other assets (15.1)% (101,647,011)
 
Net Assets 100.0% $673,091,845
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
  LP—Limited Partnership
  Reg D—Security was purchased pursuant to Regulation D under the Securities Act of 1933, providing exemption from the registration requirements. Unless otherwise noted, Regulation D securities are deemed to be liquid.
    
* Non-income producing security.
^ Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $13,259 and 0.0% of net assets.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $99,532,142; cash collateral of $105,224,584 (included in liabilities) was received with which the Fund 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 Fund 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.
(f) Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $25,170,376. The aggregate value of $479,174 is 0.1% of net assets.
(wb) Represents an investment in a Fund affiliated with the Manager.
Other information regarding the Fund 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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