PSF PGIM JENNISON VALUE PORTFOLIO

SCHEDULE OF INVESTMENTS as of September 30, 2023 (unaudited)

	Shares		Value
Long-Term Investments — 95.2%
Common Stocks
Aerospace & Defense — 2.4%
Airbus SE (France)		150,482	$20,141,787
RTX Corp.		195,164	14,045,953
			34,187,740
Automobile Components — 1.1%
Aptiv PLC*		159,716	15,746,400
Automobiles — 1.3%
General Motors Co.		589,738	19,443,662
Banks — 9.6%
Bank of America Corp.		1,283,229	35,134,810
JPMorgan Chase & Co.		374,389	54,293,893
PNC Financial Services Group, Inc. (The)		206,084	25,300,933
Truist Financial Corp.		860,814	24,627,888
			139,357,524
Beverages — 1.6%
PepsiCo, Inc.		136,459	23,121,613
Biotechnology — 3.4%
AbbVie, Inc.		191,338	28,520,842
Amgen, Inc.		76,975	20,687,801
			49,208,643
Building Products — 1.1%
Johnson Controls International PLC		315,064	16,764,556
Capital Markets — 3.5%
Blackstone, Inc.(a)		181,526	19,448,696
Goldman Sachs Group, Inc. (The)		95,400	30,868,578
			50,317,274
Chemicals — 3.9%
DuPont de Nemours, Inc.(a)		244,121	18,208,986
Linde PLC		102,789	38,273,484
			56,482,470
Communications Equipment — 2.1%
Cisco Systems, Inc.		554,486	29,809,167
Consumer Staples Distribution & Retail — 2.6%
Walmart, Inc.		232,142	37,126,470
Electric Utilities — 1.4%
PG&E Corp.*		1,224,934	19,758,185
Energy Equipment & Services — 1.3%
Schlumberger NV		333,931	19,468,177
Food Products — 1.4%
Mondelez International, Inc. (Class A Stock)		288,178	19,999,553
Ground Transportation — 1.2%
Union Pacific Corp.		84,922	17,292,667
Health Care Equipment & Supplies — 2.3%
Abbott Laboratories		215,735	20,893,935
GE HealthCare Technologies, Inc.		180,843	12,304,558
			33,198,493

	Shares		Value
Common Stocks (continued)
Health Care Providers & Services — 1.6%
Centene Corp.*		90,942	$6,264,085
Cigna Group (The)		57,982	16,586,911
			22,850,996
Hotels, Restaurants & Leisure — 2.2%
McDonald’s Corp.		118,950	31,336,188
Household Products — 1.8%
Procter & Gamble Co. (The)		176,642	25,765,002
Industrial Conglomerates — 1.1%
General Electric Co.		148,136	16,376,435
Insurance — 6.0%
Chubb Ltd.		199,745	41,582,914
Marsh & McLennan Cos., Inc.		109,819	20,898,556
MetLife, Inc.		379,386	23,867,173
			86,348,643
Interactive Media & Services — 3.4%
Alphabet, Inc. (Class A Stock)*		137,568	18,002,148
Meta Platforms, Inc. (Class A Stock)*		103,956	31,208,631
			49,210,779
Machinery — 4.5%
Deere & Co.		27,702	10,454,181
Fortive Corp.(a)		215,433	15,976,511
Otis Worldwide Corp.		280,972	22,564,862
Parker-Hannifin Corp.		41,866	16,307,644
			65,303,198
Multi-Utilities — 3.2%
CenterPoint Energy, Inc.(a)		707,192	18,988,105
NiSource, Inc.		1,107,381	27,330,163
			46,318,268
Office REITs — 1.1%
Alexandria Real Estate Equities, Inc.(a)		158,800	15,895,880
Oil, Gas & Consumable Fuels — 9.0%
Chevron Corp.		307,280	51,813,554
ConocoPhillips		222,834	26,695,513
Hess Corp.		187,257	28,650,321
Williams Cos., Inc. (The)		706,770	23,811,081
			130,970,469
Passenger Airlines — 0.8%
Delta Air Lines, Inc.		334,234	12,366,658
Pharmaceuticals — 8.1%
AstraZeneca PLC (United Kingdom), ADR		447,575	30,309,779
Bristol-Myers Squibb Co.		650,275	37,741,961
Eli Lilly & Co.		91,855	49,338,076
			117,389,816
Semiconductors & Semiconductor Equipment — 4.7%
Advanced Micro Devices, Inc.*		144,007	14,806,800
Broadcom, Inc.		31,335	26,026,224
Lam Research Corp.		18,868	11,825,896

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PSF PGIM JENNISON VALUE PORTFOLIO(continued)

SCHEDULE OF INVESTMENTS as of September 30, 2023 (unaudited)

	Shares		Value
Common Stocks (continued)
Semiconductors & Semiconductor Equipment (cont’d.)
NXP Semiconductors NV (China)		76,565	$15,306,875
			67,965,795
Software — 3.3%
Microsoft Corp.		93,540	29,535,255
Salesforce, Inc.*		87,886	17,821,523
			47,356,778
Specialty Retail — 1.0%
Lowe’s Cos., Inc.		70,103	14,570,208
Technology Hardware, Storage & Peripherals — 3.2%
Apple, Inc.		101,656	17,404,524
Dell Technologies, Inc. (Class C Stock)		426,879	29,411,963
			46,816,487
Total Long-Term Investments (cost $921,870,011)			1,378,124,194
Short-Term Investments — 7.6%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(wb)		69,113,118	69,113,118
PGIM Institutional Money Market Fund (cost $41,789,302; includes $41,587,548 of cash collateral for securities on loan)(b)(wb)		41,817,430	41,792,339
Total Short-Term Investments (cost $110,902,420)			110,905,457
TOTAL INVESTMENTS—102.8% (cost $1,032,772,431)			1,489,029,651
Liabilities in excess of other assets — (2.8)%			(40,891,941)
Net Assets — 100.0%			$1,448,137,710

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 $40,604,125; cash collateral of $41,587,548 (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 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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