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, 2008
Filing Date: August 8, 2008
Scope: This report details the equity securities held by Prudential Financial, Inc. and three other included managers (Prudential Investment Management, Inc., Quantitative Management Associates, and Prudential Bache Securities, LLC) over which the reporting manager exercises investment discretion.
Key Financial Metrics
Total Portfolio Value: $44,875,182,000.00
Total Number of Holdings: 2,200 entries
Number of Included Managers: 3
Note: As a Form 13F filing, this document reports equity holdings and voting authority. It does not contain revenue, profit, cash flow, margin, or debt metrics for Prudential Financial itself.
Material Changes and Portfolio Composition
The filing provides a snapshot of holdings as of June 30, 2008. While specific period-over-period changes are not explicitly calculated in the text, the portfolio demonstrates significant concentration in the following sectors and issuers:
- Financials: Major positions in Citigroup Inc. (~$21.9B), Bank of America Corp (~$18.4B), Wells Fargo & Co (~$12.6B), and JPMorgan Chase & Co (~$11.7B).
- Technology: Significant holdings in Microsoft Corp (~$31.8B), Oracle Corp (~$11.5B), and Intel Corp (~$15.0B).
- Energy: Large positions in Exxon Mobil Corp (~$20.6B), Chevron Corp (~$8.7B), and ConocoPhillips (~$6.9B).
- Consumer Staples: Notable holdings in Procter & Gamble Co (~$10.1B), Coca-Cola Co (~$6.2B), and Wal-Mart Stores Inc (~$7.5B).
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F is a statutory disclosure of holdings and does not include management discussion, guidance, or outlook.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. However, the portfolio's heavy weighting in financial institutions (Citigroup, Bank of America, Wells Fargo) as of mid-2008 reflects significant exposure to the financial sector during a period of market volatility.
Unusual Items: The report includes holdings in various derivatives (puts) and foreign securities (ADRs), indicating a diversified global strategy.
Investor Verification Checklist
- Verify the total portfolio value of ~$44.9 billion against Prudential's broader asset management disclosures.
- Confirm the voting authority breakdown (Sole vs. Shared) for top holdings like Citigroup and Microsoft to understand control levels.
- Review the specific holdings of the three included managers (Prudential Investment Management, Quantitative Management Associates, Prudential Bache Securities) to distinguish between proprietary and client-managed assets.
- Assess the concentration risk in the financial sector given the filing date (August 2008) relative to the subsequent financial crisis.
- Check for any subsequent amendments to this filing that may have adjusted the reported share counts or values.