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: Quarter ended March 31, 2015
Context: This filing discloses the equity securities held by Prudential Financial Inc. as a registered investment manager. It details the specific issuers, share counts, and voting authority for the portfolio as of the end of the first quarter of 2015.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide these metrics. Form 13F reports investment holdings, not the operating financial results of the reporting company (Prudential Financial Inc.).
Portfolio Highlights (Top Holdings by Value):
- General Electric Co: 21,579,102 shares (Value: $535,378,000)
- Microsoft Corp: 20,528,459 shares (Value: $834,585,000)
- Exxon Mobil Corp: 10,465,024 shares (Value: $889,527,000)
- Apple Inc: 13,152,691 shares (Value: $1,636,589,000)
- Bank of America Corp: 27,614,176 shares (Value: $424,982,000)
- Johnson & Johnson: 7,142,637 shares (Value: $718,549,000)
- Wells Fargo & Co: 9,480,693 shares (Value: $515,750,000)
- Verizon Communications Inc: 6,556,015 shares (Value: $318,819,000)
- UnitedHealth Group Inc: 2,711,005 shares (Value: $320,685,000)
- Oracle Corp: 7,681,918 shares (Value: $331,475,000)
Asset Classes: The portfolio consists primarily of common stocks (equity) and Exchange Traded Funds (ETFs), including significant positions in iShares and SPDR ETFs tracking global markets, real estate, and bonds.
Material Changes
Comparison to Prior Period: The filing text does not provide data for the prior comparable period (December 31, 2014). Therefore, material changes in holdings, additions, or deletions cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a statutory disclosure of holdings and does not contain management discussion, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information and has not determined if it is accurate or complete. The portfolio is exposed to market risks inherent in holding a diversified mix of equities across sectors including Technology, Financials, Healthcare, Energy, and Consumer Discretionary.
Important Facts for Investors to Verify
- Valuation Basis: The "Value" column represents the approximate market value of the holdings as of March 31, 2015. Investors should verify current market prices to assess current portfolio value.
- Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. Prudential held "Sole" voting authority for the vast majority of its holdings, indicating direct control over voting decisions for those shares.
- Put/Call Options: The filing lists specific holdings where Prudential held Put or Call options (e.g., Apple, Microsoft, Exxon Mobil). Investors should verify the terms and expiration of these derivatives if analyzing risk exposure.
- Foreign Holdings: The portfolio includes significant international exposure through ADRs (e.g., ICICI Bank, Tata Motors) and foreign-domiciled companies (e.g., Accenture PLC, Medtronic PLC).