SEC Filing Summary: Prudential Financial Inc. (Form 13F)
Business Context and Reporting Period
Company: Prudential Financial Inc.
Filing Type: Form 13F Information Table (Quarterly Statement of Holdings)
Reporting Period: Second Quarter ended June 30, 2016
Context: This filing discloses the equity securities held by Prudential Financial Inc. as of the end of the quarter. It is a regulatory disclosure of investment positions, not a report of the company's own operating financial results (revenue, profit, etc.).
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists hundreds of individual equity positions across domestic and international markets. The data provided includes the number of shares held and the aggregate market value (in thousands) for each position.
- Top Holdings by Value (Selected Examples):
- General Electric Co: 17,895,756 shares valued at $563,358,000.
- Microsoft Corp: 18,720,439 shares valued at $957,925,000.
- Apple Inc: 12,056,001 shares valued at $1,152,554,000.
- Alphabet Inc (Class C): 720,229 shares valued at $498,470,000.
- Verizon Communications Inc: 11,748,450 shares valued at $656,033,000.
- Walmart Stores Inc: 5,149,580 shares valued at $376,022,000.
- Asset Classes: The portfolio includes common stocks, preferred stocks, and Exchange Traded Funds (ETFs) such as iShares and SPDRs covering sectors like technology, healthcare, financials, and energy.
- International Exposure: Significant holdings in foreign entities including Alibaba Group, Tencent Music, and various PLCs (e.g., Accenture, Medtronic, Diageo).
Financial Metrics Note: As a Form 13F, this document does not provide Prudential Financial's own revenue, net income, operating margins, debt levels, or cash flow. It only reports the value of the securities it holds.
Material Changes and Voting Authority
Voting Authority: The filing details the voting rights associated with each holding, categorized as Sole, Shared, or None. Prudential holds sole voting authority for the majority of its large-cap positions (e.g., Apple, Microsoft, GE).
Changes vs. Prior Period: This specific text file contains only the snapshot of holdings as of June 30, 2016. It does not contain the comparative data from the previous quarter (March 31, 2016) required to calculate material changes in position size or value. Therefore, specific increases or decreases in holdings cannot be determined from this text alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are factual disclosures and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The primary risk inherent in this data is the concentration of assets in specific sectors (e.g., Technology, Financials, Healthcare) as reflected in the top holdings.
Important Facts for Investor Verification
- Valuation Basis: All values are reported in thousands (e.g., 1,152,554 represents $1.15 billion). Investors must adjust for this scale when analyzing total portfolio size.
- Position Aggregation: Some issuers appear multiple times with different CUSIPs or share classes (e.g., Alphabet Class A and Class C, or different tranches of the same stock). Total exposure requires summing these lines.
- Discretionary vs. Non-Discretionary: The "Investment Discretion" column indicates whether Prudential managed the account solely, shared discretion, or had no discretion. Most large holdings are marked "Sole."
- Missing Data: This filing does not disclose short positions, derivatives, or non-equity assets (such as bonds or real estate) held by Prudential.