SEC Filing Summary: Prudential Financial Inc. (Form 13F)
Business Context and Reporting Period
Company: Prudential Financial Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Second Quarter ended June 30, 2013
Context: This filing discloses the equity securities held by Prudential Financial Inc. as of the end of the quarter. It details the issuer, class of security, CUSIP, value, and number of shares for each holding, along with voting authority.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists hundreds of individual equity positions across various sectors. The data provided includes the value of each position (in thousands) and the number of shares held. Specific aggregate portfolio value, total revenue, profit, or cash flow for Prudential Financial Inc. is not contained within this specific 13F table; this form strictly reports holdings.
Top Holdings by Value (Selected Examples):
- General Electric Co: 25,180,856 shares valued at $583,944,000.
- Exxon Mobil Corp: 12,200,683 shares valued at $1,102,332,000.
- Microsoft Corp: 15,235,527 shares valued at $526,083,000.
- Wells Fargo & Co: 13,585,751 shares valued at $560,684,000.
- Bank of America Corp: 20,847,042 shares valued at $268,093,000.
- Johnson & Johnson: 6,714,073 shares valued at $576,470,000.
- Verizon Communications Inc: 6,835,417 shares valued at $344,095,000.
- Oracle Corp: 10,913,108 shares valued at $335,251,000.
- Procter & Gamble Co: 5,787,171 shares valued at $445,554,000.
- Wal-Mart Stores Inc: 3,767,163 shares valued at $280,616,000.
Voting Authority: For the majority of holdings, Prudential Financial Inc. reports "Sole" or "Shared" voting authority, with "None" listed for specific derivative or restricted positions.
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of June 30, 2013. It does not include the prior quarter's data (March 31, 2013) within this specific document. Therefore, material changes in position size (purchases or sales) cannot be calculated from this text alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Concentration Risk: Verify the concentration of the portfolio in specific sectors (e.g., Financials, Technology, Energy) based on the top holdings listed above.
- Derivative Exposure: Note that some holdings are listed with "DFND 16" (Derivative) rather than "DFND 14" (Long), indicating potential short positions or other derivative instruments that may not represent direct equity ownership.
- Voting Control: Review the "Voting Authority" column to understand the extent of Prudential's influence over the companies in which it invests (Sole vs. Shared vs. None).
- Valuation Basis: Confirm that the "Value" column represents the fair market value at the end of the reporting period (June 30, 2013), not the cost basis.
- Missing Data: Acknowledge that this filing does not provide Prudential's own financial performance (revenue, earnings, cash flow) or debt levels; those metrics must be sourced from the company's 10-Q or 10-K filings.