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: Calendar Year Ended December 31, 2005
Filing Date: February 9, 2006
Scope: This report details the equity securities held by Prudential Financial, Inc. and three included managers (Prudential Investment Management, Inc., Prudential Equity Group, Inc., and Quantitative Management Associates). It does not contain financial performance data (revenue, profit, cash flow) for Prudential Financial itself, but rather a schedule of its investment portfolio.
Key Portfolio Metrics
- Total Portfolio Value: $40,745,374,000 (approx. $40.75 billion)
- Total Number of Holdings: 2,374 distinct entries
- Number of Included Managers: 3
- Primary Asset Class: Common Stock (Equity)
Material Holdings and Composition
The portfolio is heavily diversified across sectors, with significant concentrations in Financials, Technology, Healthcare, and Energy. The filing lists specific share counts and voting authority for each position. Notable top holdings by share count and estimated value include:
- Financials: Citigroup Inc. (17.36M shares), Bank of America Corp (14.32M shares), JPMorgan Chase & Co (11.91M shares), Wells Fargo & Co (5.47M shares).
- Technology: Microsoft Corp (28.66M shares), Intel Corp (22.46M shares), Cisco Systems Inc (19.90M shares), Oracle Corp (16.61M shares).
- Healthcare: Pfizer Inc (27.06M shares), Johnson & Johnson (10.19M shares), Merck & Co Inc (9.19M shares).
- Energy: Exxon Mobil Corp (20.26M shares), Chevron Corp (8.82M shares).
- Consumer: Wal-Mart Stores Inc (7.29M shares), Procter & Gamble Co (8.93M shares).
Note: The filing includes derivative positions (Calls and Puts) for select issuers such as Goldman Sachs, IBM, and Time Warner, though these represent a small fraction of the total portfolio.
Material Changes and Outlook
Comparison to Prior Period: The provided text contains only the data for the period ended December 31, 2005. It does not include the prior period's data (September 30, 2005) within this specific document text; therefore, a quantitative analysis of material changes (buys/sells) cannot be performed from this source alone.
Guidance and Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, earnings guidance, or forward-looking statements regarding the reporting manager's own business operations.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this form. The filing represents a snapshot of long-only equity positions (with minor derivatives) at quarter-end.
Investor Verification Checklist
- Portfolio Concentration: Verify the top 10 holdings to assess sector exposure (notably heavy weighting in Financials and Tech).
- Derivative Exposure: Review the specific "Call" and "Put" entries (e.g., Goldman Sachs, IBM, Time Warner) to understand hedging strategies or leveraged bets.
- Manager Attribution: Note that holdings are aggregated across Prudential Financial and three subsidiary managers; specific allocation to each manager is not detailed in the summary table.
- Valuation Timing: Confirm that the $40.75 billion value reflects market prices as of December 31, 2005, and may differ from current market values.