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: Calendar Quarter Ended December 31, 2009
Filing Date: February 16, 2010
Scope: This report details the equity securities held by Prudential Financial and four other included managers (Prudential Investment Management, Quantitative Management Associates, Prudential Bache Securities, and Prudential Trust Company). It is a disclosure of holdings, not a financial performance report of Prudential itself.
Key Financial Metrics
Total Portfolio Value: $37,278,928,000
Total Number of Holdings: 2,907 entries
Top Sector Exposure: The portfolio is heavily diversified across Financials, Technology, Healthcare, Energy, and Consumer Discretionary sectors.
Material Holdings and Concentration
The filing lists specific share counts and voting authority for thousands of issuers. The following represent the largest positions by share count and estimated value based on the data provided:
- General Electric Co: 32,926,711 shares (Sole/Shared voting authority)
- Bank of America Corp: 36,563,099 shares
- Citigroup Inc: 56,287,557 shares
- Exxon Mobil Corp: 16,343,088 shares
- Microsoft Corp: 23,237,622 shares
- Wells Fargo & Co: 15,471,739 shares
- Verizon Communications Inc: 11,974,545 shares
- Johnson & Johnson: 8,801,614 shares
- Procter & Gamble Co: 9,326,397 shares
- Walmart Stores Inc: 7,395,699 shares
Note: The filing provides share counts and voting authority but does not explicitly state the market value of individual positions or the total portfolio value in the text body, though the summary page indicates a total value of approximately $37.28 billion.
Material Changes and Guidance
Material Changes: As a Form 13F, this document reports the status of holdings at the end of the quarter. It does not contain narrative commentary on material changes, strategic shifts, or reasons for buying/selling specific securities compared to the prior period (September 30, 2009).
Guidance and Outlook: This filing type does not include management guidance, earnings outlook, or forward-looking statements regarding Prudential Financial's own business performance.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this form. The filing is a statutory disclosure of asset ownership.
Investor Verification Checklist
- Portfolio Concentration: Verify the percentage of the total $37.28 billion portfolio held in the top 10 positions (e.g., GE, Bank of America, Citigroup) to assess concentration risk.
- Financial Sector Exposure: Given the reporting date (end of 2009), verify the total exposure to major banks (Bank of America, Citigroup, Wells Fargo, JPMorgan Chase) to understand risk appetite during the post-financial crisis recovery period.
- Voting Authority: Review the "Sole," "Shared," and "None" voting authority columns to determine the extent of Prudential's active engagement versus passive holding in major corporations.
- Derivatives and Options: Scan the "Put/Call" columns for significant short positions or hedging strategies, though the provided text shows primarily "SH" (Shares) designations.
- Manager Attribution: Confirm which of the five included managers (Prudential Financial, Jennison Associates, Mercator, etc.) holds specific positions if granular manager-level analysis is required.