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 September 30, 2002
Filing Date: November 14, 2002
Scope: This report details equity securities over which Prudential Financial, Inc. and its wholly-owned subsidiaries (including Prudential Securities Group Inc. and Jennison Associates, LLC) exercise sole or shared investment discretion. The report includes 3 other included managers.
Key Financial Metrics
Total Portfolio Value: $19,965,940,000.00
Total Number of Holdings: 2,269 entries
Asset Class: Primarily common stock (equity securities).
Top Holdings by Value (Selected):
- General Electric Co: $18,749,690,000
- Cisco Systems Inc: $17,151,123,000
- Intel Corp: $14,382,353,000
- Microsoft Corp: $10,492,698,000
- Exxon Mobil Corp: $12,981,322,000
- Wal-Mart Stores Inc: $8,511,270,000
- Verizon Communications: $6,816,092,000
- Johnson & Johnson: $6,532,456,000
- Home Depot Inc: $5,166,858,000
- Motorola Inc: $4,841,143,000
Material Changes vs. Prior Period
Comparison Data Unavailable: As this is a standalone Form 13F-HR text, it does not contain the prior quarter's data required to calculate specific percentage changes in holdings or portfolio value. The filing represents a snapshot of holdings as of September 30, 2002.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, earnings guidance, or forward-looking outlooks.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. However, the portfolio composition indicates significant exposure to the technology sector (e.g., Cisco, Intel, Microsoft, Dell, Oracle) and financial services sector (e.g., Citigroup, Bank of America, J.P. Morgan Chase), which were subject to market volatility during the 2002 period.
Unusual Items: The portfolio includes a mix of domestic and international securities (e.g., Royal Dutch Petroleum, Nokia Corp ADRs) and various classes of stock (Class A, Class B, Non-voting).
Investor Verification Checklist
- Concentration Risk: Verify the impact of the top 10 holdings, which represent a substantial portion of the nearly $20 billion portfolio.
- Sector Exposure: Assess the weight of Technology and Financial Services holdings relative to the broader market performance in Q3 2002.
- Subsidiary Discretion: Confirm the specific allocation managed by subsidiaries like Jennison Associates, LLC versus the parent company.
- Valuation Basis: Note that values are reported in thousands ($1000) and represent the market value at the end of the reporting period.
- Regulatory Compliance: Ensure the filing aligns with the 45-day post-quarter deadline (filed Nov 14 for Sept 30 period).