NPORT-EX 2 PI30941PRU093022.htm
AST MID-CAP GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS as of September 30, 2022 (unaudited)
      Shares   Value
Long-Term Investments — 96.5%
Common Stocks — 93.6%
Aerospace & Defense — 1.8%
Axon Enterprise, Inc.*
31,960   $3,699,370
HEICO Corp. (Class A Stock)
35,770   4,099,958
Howmet Aerospace, Inc.
186,627   5,772,373
            13,571,701
Banks — 0.4%
Western Alliance Bancorp
53,183   3,496,250
Beverages — 0.6%
Constellation Brands, Inc. (Class A Stock)
19,505   4,479,908
Biotechnology — 1.9%
Alnylam Pharmaceuticals, Inc.*
16,053   3,213,168
Ascendis Pharma A/S (Denmark), ADR*(a)
37,197   3,840,962
Incyte Corp.*
43,400   2,892,176
Sarepta Therapeutics, Inc.*
45,140   4,989,776
            14,936,082
Building Products — 0.6%
Advanced Drainage Systems, Inc.(a)
19,447   2,418,623
AZEK Co., Inc. (The)*(a)
118,414   1,968,041
            4,386,664
Capital Markets — 4.8%
FactSet Research Systems, Inc.(a)
8,427   3,371,727
LPL Financial Holdings, Inc.(a)
14,556   3,180,195
Morningstar, Inc.
13,047   2,770,139
MSCI, Inc.
36,716   15,486,441
Nasdaq, Inc.
164,701   9,335,253
S&P Global, Inc.
2,597   792,994
Tradeweb Markets, Inc. (Class A Stock)
32,196   1,816,498
            36,753,247
Chemicals — 0.3%
CF Industries Holdings, Inc.
27,070   2,605,487
Commercial Services & Supplies — 2.7%
Clean Harbors, Inc.*
19,430   2,136,911
Copart, Inc.*
53,681   5,711,658
Ritchie Bros. Auctioneers, Inc. (Canada)
65,160   4,071,197
Waste Connections, Inc.(a)
63,706   8,608,592
            20,528,358
Communications Equipment — 0.5%
Arista Networks, Inc.*
33,173   3,744,900
Construction & Engineering — 0.3%
WillScot Mobile Mini Holdings Corp.*
51,666   2,083,690
Construction Materials — 1.1%
Vulcan Materials Co.
56,308   8,880,335
Containers & Packaging — 1.4%
Ball Corp.(a)
58,648   2,833,871
Graphic Packaging Holding Co.
278,360   5,494,826
Sealed Air Corp.
48,897   2,176,406
            10,505,103
      Shares   Value
Common Stocks (continued)
Distributors — 1.4%
LKQ Corp.(a)
108,374   $5,109,834
Pool Corp.(a)
18,694   5,948,618
            11,058,452
Diversified Consumer Services — 0.6%
Bright Horizons Family Solutions, Inc.*
85,122   4,907,283
Diversified Financial Services — 0.0%
Dragoneer Growth Opportunities Corp.*
29,748   270,707
Electrical Equipment — 1.3%
AMETEK, Inc.
89,354   10,133,637
Electronic Equipment, Instruments & Components — 1.3%
Keysight Technologies, Inc.*
29,878   4,701,602
Littelfuse, Inc.
18,080   3,592,315
Teledyne Technologies, Inc.*
4,169   1,406,913
            9,700,830
Entertainment — 1.7%
Electronic Arts, Inc.
17,493   2,024,115
Take-Two Interactive Software, Inc.*
84,692   9,231,428
Warner Music Group Corp. (Class A Stock)
77,851   1,806,922
            13,062,465
Equity Real Estate Investment Trusts (REITs) — 2.7%
Extra Space Storage, Inc.(a)
68,423   11,817,336
SBA Communications Corp.
30,633   8,719,684
            20,537,020
Food Products — 0.6%
Hershey Co. (The)
20,990   4,627,665
Health Care Equipment & Supplies — 4.5%
Align Technology, Inc.*
9,064   1,877,245
Dexcom, Inc.*
60,794   4,896,349
Envista Holdings Corp.*(a)
205,818   6,752,889
IDEXX Laboratories, Inc.*
9,194   2,995,405
Insulet Corp.*
16,920   3,881,448
ResMed, Inc.
22,687   4,952,572
STERIS PLC(a)
58,130   9,665,856
            35,021,764
Health Care Providers & Services — 1.8%
AmerisourceBergen Corp.(a)
40,587   5,492,639
Guardant Health, Inc.*(a)
22,974   1,236,691
Henry Schein, Inc.*
59,965   3,943,898
Tenet Healthcare Corp.*
55,961   2,886,468
            13,559,696
Health Care Technology — 0.8%
Veeva Systems, Inc. (Class A Stock)*(a)
36,787   6,065,441
Hotels, Restaurants & Leisure — 3.9%
Chipotle Mexican Grill, Inc.*(a)
9,239   13,884,000
Churchill Downs, Inc.
22,752   4,189,781
Domino’s Pizza, Inc.
13,283   4,120,387
Hyatt Hotels Corp. (Class A Stock)*(a)
59,161   4,789,674
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AST MID-CAP GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2022 (unaudited)
      Shares   Value
Common Stocks (continued)
Hotels, Restaurants & Leisure (cont’d.)
Red Rock Resorts, Inc. (Class A Stock)(a)
99,967   $3,424,869
            30,408,711
Household Products — 0.5%
Church & Dwight Co., Inc.
58,283   4,163,738
Insurance — 1.8%
Arthur J. Gallagher & Co.
79,029   13,531,345
Interactive Media & Services — 2.3%
Bumble, Inc. (Class A Stock)*(a)
57,726   1,240,532
IAC, Inc.*(a)
18,908   1,047,125
Match Group, Inc.*
82,289   3,929,300
Pinterest, Inc. (Class A Stock)*
151,990   3,541,367
ZoomInfo Technologies, Inc.*
192,405   8,015,592
            17,773,916
IT Services — 3.1%
Endava PLC (United Kingdom), ADR*(a)
21,152   1,705,486
Gartner, Inc.*(a)
49,195   13,611,764
Jack Henry & Associates, Inc.(a)
24,960   4,549,459
MongoDB, Inc.*(a)
11,380   2,259,613
Thoughtworks Holding, Inc.*(a)
140,806   1,477,055
            23,603,377
Leisure Products — 0.7%
Mattel, Inc.*(a)
269,689   5,107,910
Life Sciences Tools & Services — 7.7%
Agilent Technologies, Inc.
65,124   7,915,822
Bio-Techne Corp.(a)
7,618   2,163,512
Bruker Corp.
82,845   4,395,756
Charles River Laboratories International, Inc.*
9,065   1,783,992
ICON PLC*(a)
42,783   7,862,660
Maravai LifeSciences Holdings, Inc. (Class A Stock)*
123,381   3,149,917
Mettler-Toledo International, Inc.*
3,041   3,296,809
PerkinElmer, Inc.(a)
90,857   10,932,823
Repligen Corp.*(a)
23,773   4,448,166
Waters Corp.*
15,122   4,075,832
West Pharmaceutical Services, Inc.
36,577   9,000,868
            59,026,157
Machinery — 2.7%
Chart Industries, Inc.*(a)
35,135   6,477,137
Evoqua Water Technologies Corp.*
141,920   4,693,295
IDEX Corp.
41,358   8,265,396
Westinghouse Air Brake Technologies Corp.
16,736   1,361,474
            20,797,302
Media — 0.2%
Trade Desk, Inc. (The) (Class A Stock)*
28,230   1,686,742
Multiline Retail — 0.5%
Dollar Tree, Inc.*
28,690   3,904,709
      Shares   Value
Common Stocks (continued)
Oil, Gas & Consumable Fuels — 2.8%
Chesapeake Energy Corp.(a)
38,078   $3,587,328
Continental Resources, Inc.
19,544   1,305,735
Diamondback Energy, Inc.
70,134   8,448,342
Hess Corp.
25,044   2,729,545
Matador Resources Co.
71,630   3,504,140
Range Resources Corp.
85,430   2,157,962
            21,733,052
Pharmaceuticals — 0.9%
Jazz Pharmaceuticals PLC*
53,107   7,078,632
Professional Services — 5.6%
Clarivate PLC*
275,500   2,586,945
CoStar Group, Inc.*
109,285   7,611,700
Dun & Bradstreet Holdings, Inc.(a)
292,613   3,625,475
Equifax, Inc.
35,550   6,094,337
TransUnion
68,729   4,088,688
Verisk Analytics, Inc.
63,009   10,744,925
Wolters Kluwer NV (Netherlands)
84,003   8,179,676
            42,931,746
Road & Rail — 0.1%
Canadian Pacific Railway Ltd. (Canada)(a)
11,479   765,879
Semiconductors & Semiconductor Equipment — 6.4%
ASM International NV (Netherlands)
13,939   3,121,041
Enphase Energy, Inc.*
41,646   11,555,516
Entegris, Inc.
126,370   10,491,237
Lattice Semiconductor Corp.*
123,164   6,060,900
Monolithic Power Systems, Inc.
44,437   16,148,406
Teradyne, Inc.(a)
21,140   1,588,671
            48,965,771
Software — 14.6%
Autodesk, Inc.*
19,688   3,677,718
Bill.com Holdings, Inc.*(a)
13,059   1,728,620
Black Knight, Inc.*
106,170   6,872,384
Cadence Design Systems, Inc.*
100,891   16,488,616
CCC Intelligent Solutions Holdings, Inc.*(a)
136,211   1,239,520
Constellation Software, Inc. (Canada)
4,465   6,212,858
Datadog, Inc. (Class A Stock)*
38,892   3,452,832
Dropbox, Inc. (Class A Stock)*
230,781   4,781,782
Dynatrace, Inc.*
108,057   3,761,464
Five9, Inc.*(a)
22,957   1,721,316
Nice Ltd. (Israel), ADR*(a)
39,900   7,510,776
Palo Alto Networks, Inc.*
35,778   5,860,079
Paycom Software, Inc.*
19,256   6,354,287
Paylocity Holding Corp.*
32,527   7,857,873
RingCentral, Inc. (Class A Stock)*
46,895   1,873,924
ServiceNow, Inc.*
12,012   4,535,851
Splunk, Inc.*
21,912   1,647,782
Synopsys, Inc.*
67,174   20,522,329
Topicus.com, Inc. (Netherlands)*
8,472   407,363
Tyler Technologies, Inc.*
18,147   6,306,083
            112,813,457
 
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AST MID-CAP GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of September 30, 2022 (unaudited)
      Shares   Value
Common Stocks (continued)
Specialty Retail — 6.0%
Burlington Stores, Inc.*
12,216   $1,366,848
Five Below, Inc.*
48,836   6,723,252
O’Reilly Automotive, Inc.*
21,336   15,006,676
Tractor Supply Co.(a)
53,057   9,862,235
Ulta Beauty, Inc.*(a)
33,114   13,285,006
            46,244,017
Textiles, Apparel & Luxury Goods — 0.7%
Lululemon Athletica, Inc.*
19,107   5,341,553
 
Total Common Stocks

(cost $738,543,230)
  720,794,699
Exchange-Traded Funds — 2.9%
iShares Core S&P Mid-Cap ETF
16,603   3,640,374
iShares Russell Mid-Cap Growth ETF
92,742   7,273,755
Vanguard Mid-Cap Growth ETF
46,001   7,845,010
Vanguard Mid-Cap Value ETF
32,791   3,992,960
 
Total Exchange-Traded Funds

(cost $31,828,457)
  22,752,099
 
Total Long-Term Investments

(cost $770,371,687)
  743,546,798
Short-Term Investments — 19.3%
Affiliated Mutual Fund — 16.0%
PGIM Institutional Money Market Fund

(cost $122,791,286; includes $122,457,351 of cash collateral for securities on loan)(b)(we)
122,871,862   122,785,851
Unaffiliated Fund — 3.3%
Dreyfus Government Cash Management (Institutional Shares)
25,564,123   25,564,123
(cost $25,564,123)      
 
Total Short-Term Investments

(cost $148,355,409)
  148,349,974
 
TOTAL INVESTMENTS—115.8%

(cost $918,727,096)
  891,896,772
 
Liabilities in excess of other assets — (15.8)%
  (121,629,986)
 
Net Assets — 100.0%
  $770,266,786
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
ADR American Depositary Receipt
ETF Exchange-Traded Fund
REITs Real Estate Investment Trust
S&P Standard & Poor’s
    
* 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 $119,064,887; cash collateral of $122,457,351 (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.
(we) PGIM Investments LLC, the co-manager of the Portfolio, also serves as manager of the 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).
A3