SEC Filing Summary: Prudential Financial Inc. (Form 13F-HR)
Business Context and Reporting Period
Reporting Manager: Prudential Financial, Inc.
Filing Type: Form 13F-HR (Quarterly Report of Holdings)
Reporting Period: Quarter ended June 30, 2009
Filing Date: August 6, 2009
Scope: This report details the equity securities held by Prudential Financial and four other included managers (Jennison Associates LLC, Mercator Asset Management LP, Prudential Investment Management, Inc., Quantitative Management Associates, Prudential Bache Securities, LLC, and Prudential Trust Company). The report covers 2,879 individual security positions.
Key Financial Metrics
Total Portfolio Value: $31,010,356,000 (approx. $31.0 billion)
Total Number of Positions: 2,879
Top Holdings by Value (Selected):
- Exxon Mobil Corp: 16,879,580 shares (Sole/Shared voting authority)
- General Electric Co: 40,891,395 shares
- Microsoft Corp: 24,469,905 shares
- Johnson & Johnson: 8,464,729 shares
- Walmart Stores Inc: 7,708,134 shares
- Verizon Communications Inc: 11,790,998 shares
- Wells Fargo & Co: 14,871,090 shares
- Bank of America Corp: 26,479,735 shares
- Cisco Systems Inc: 20,454,552 shares
- Intel Corp: 20,322,571 shares
Note: Form 13F reports holdings at period-end market value and share count. It does not report revenue, profit, cash flow, margins, or debt levels for the reporting manager itself, nor does it provide a breakdown of the portfolio's aggregate cost basis or unrealized gains/losses.
Material Changes vs. Prior Period
Data Limitation: The provided text contains only the current quarter's holdings (June 30, 2009). It does not include the prior quarter's data (March 31, 2009) or a summary of purchases and sales. Therefore, specific material changes in position size or new entries cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F is a statutory disclosure of holdings and does not contain management discussion, financial guidance, or outlook statements.
Risks and Contingencies: None disclosed in this filing type. The filing represents a snapshot of long-only equity positions (and certain options) held by the manager. It does not detail risk management strategies, hedging activities beyond the listed options, or contingent liabilities.
Important Facts for Investor Verification
- Portfolio Concentration: The portfolio is heavily weighted toward large-cap U.S. equities, with significant exposure to the financial sector (Bank of America, Wells Fargo, Citigroup, JPMorgan Chase) and technology sector (Microsoft, Cisco, Intel, Oracle).
- Multiple Managers: The reported value of $31.0 billion aggregates holdings across Prudential Financial and four other affiliated managers. Investors should verify if specific sub-managers (e.g., Jennison Associates) have distinct investment mandates.
- Options Activity: The filing lists specific call and put options (e.g., Citigroup, Ford, M&T Bank), indicating active derivatives usage alongside long equity positions.
- International Exposure: Significant holdings in American Depositary Receipts (ADRs) indicate global diversification, including positions in companies like Royal Dutch Shell, Petrobras, and various Asian and European firms.
- Reporting Lag: As a 13F filing, this data reflects positions as of June 30, 2009, and was filed in August 2009. It does not reflect current market positions.