SEC Filing Summary: Prudential Financial Inc. (13F-HR)
Business Context and Reporting Period
Reporting Manager: Prudential Financial, Inc.
Filing Type: Form 13F-HR (Holdings Report)
Reporting Period: Quarter ended June 30, 2004
Submission Date: August 12, 2004
Scope: This report details equity securities over which Prudential Financial, Inc. and its included managers (Prudential Investment Management, Inc.; Prudential Investment Management Services, LLC; Prudential Equity Group, Inc.) exercised sole or shared voting or dispositive authority.
Key Financial Metrics
Total Portfolio Value: $34,180,366,000.00
Total Number of Holdings: 2,934 entries
Number of Included Managers: 3
Note: As a Form 13F filing, this document reports holdings of equity securities. It does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics for Prudential Financial itself.
Material Changes and Portfolio Composition
The filing lists 2,934 individual security positions. The portfolio is heavily diversified across sectors, with significant concentrations in:
- Technology: Major holdings include Microsoft Corp ($29.6B), Intel Corp ($16.6B), Cisco Systems Inc ($17.9B), and Oracle Corp ($16.6B).
- Financials: Significant positions in Citigroup Inc ($17.0B), Bank of America Corp ($6.6B), J.P. Morgan Chase & Co ($6.5B), and Wells Fargo & Co ($4.6B).
- Healthcare: Large allocations to Pfizer Inc ($21.1B), Johnson & Johnson ($8.5B), and Merck & Co Inc ($6.9B).
- Consumer Staples: Notable holdings in Procter & Gamble Co ($6.2B), Coca-Cola Co ($7.0B), and Wal-Mart Stores Inc ($12.0B).
The filing does not provide comparative data against the prior quarter (March 31, 2004) to determine material changes in specific positions.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are statutory reports of holdings and do not contain management discussion, guidance, or outlook.
Risks and Contingencies: None disclosed in this specific filing format.
Unusual Items: The portfolio includes a mix of common stock, preferred stock, and exchange-traded funds (e.g., iShares, SPDRs). Some positions include call and put options (e.g., Apple Computer, Dell, Microsoft), indicating active derivatives usage for hedging or speculation.
Investor Verification Checklist
- Verify the total portfolio value of $34.18 billion against Prudential's broader 10-Q or 10-K filings for the same period to understand the proportion of assets under management represented here.
- Review the specific voting authority (Sole vs. Shared) for top holdings to understand the extent of Prudential's direct influence on corporate governance.
- Compare the top 10 holdings listed here with the previous quarter's 13F filing to identify significant buy/sell activity.
- Note that this filing covers only equity securities; it excludes fixed income, derivatives not listed as options, and other asset classes held by the firm.