PRU

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: Third Quarter ended September 30, 2013
Context: This filing discloses the equity securities held by Prudential Financial Inc. as of the end of the quarter. It details the number of shares, market value, and voting authority for each position. The filing does not contain operational financial results (revenue, profit, cash flow) for Prudential itself, but rather a snapshot of its investment portfolio.

Key Financial Metrics (Portfolio Overview)

Portfolio Composition: The filing lists hundreds of individual equity positions across various sectors, including Financials, Technology, Healthcare, Energy, and Consumer Discretionary.
Top Holdings by Value (Selected Examples):

• General Electric Co: 28,712,212 shares valued at approximately $685.9 million.
• Bank of America Corp: 21,775,023 shares valued at approximately $300.5 million.
• Exxon Mobil Corp: 12,022,883 shares valued at approximately $1,034.4 million.
• Microsoft Corp: 17,224,689 shares valued at approximately $573.8 million.
• Wells Fargo & Co: 14,684,249 shares valued at approximately $606.8 million.
• Apple Inc: 2,168,220 shares valued at approximately $1,033.7 million.

Voting Authority: Prudential reports "Sole" voting authority for the majority of its positions, with "Shared" authority noted for specific holdings (e.g., portions of Bank of America, Wells Fargo, and General Electric). "None" is reported for certain positions, typically indicating limited voting rights or specific share classes.

Material Changes vs. Prior Period

Comparison Data: The provided text contains only the snapshot of holdings as of September 30, 2013. It does not include the prior quarter's (June 30, 2013) data within this specific document text. Therefore, specific material changes (increases or decreases in share counts) cannot be calculated from this source alone.

Guidance, Outlook, and Risks

Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, guidance, or outlook.
Risks and Contingencies: Not applicable. This filing does not disclose operational risks or contingencies.
Unusual Items: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. The portfolio includes a mix of domestic and international equities (e.g., ADRs for companies like Petrobras and Tata Motors) and Exchange Traded Funds (ETFs) such as iShares and SPDRs.

Important Facts for Investor Verification

• Concentration Risk: Verify the total portfolio value relative to Prudential's total assets to understand the concentration of these specific equity holdings.
• Top 10 Holdings: Investors should aggregate the top 10 positions (e.g., GE, Exxon, Microsoft, Apple, Wells Fargo) to determine the percentage of the portfolio they represent.
• Voting Rights: Note the distinction between "Sole," "Shared," and "None" voting authority, which may impact corporate governance influence.
• International Exposure: Verify the exposure to non-US markets through ADRs and foreign-domiciled companies listed in the table (e.g., Accenture PLC, Royal Caribbean).
• ETF Holdings: Identify the specific ETFs held (e.g., iShares MSCI Emerging Markets, SPDR S&P 500) to understand passive index exposure.