SEC Filing Summary: Prudential Financial Inc. (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, 2010
Filing Date: February 14, 2011
Scope: This report details the long-only equity holdings of Prudential Financial and four other included managers (Jennison Associates LLC, Mercator Asset Management LP, Prudential Investment Management, Inc., Quantitative Management Associates, Prudential Bache Securities, LLC, and Prudential Trust Company).
Key Financial Metrics
Total Portfolio Value: $37,959,366,000 (approx. $37.96 billion)
Total Number of Holdings: 2,896 entries
Top Holdings by Value (Selected):
- Exxon Mobil Corp: 14,126,729 shares (Value not explicitly listed per line, but highest share count)
- General Electric Co: 34,712,633 shares
- Microsoft Corp: 23,773,786 shares
- Johnson & Johnson: 7,100,734 shares
- Wells Fargo & Co: 16,535,515 shares
- Verizon Communications Inc: 10,834,975 shares
- UnitedHealth Group Inc: 5,117,903 shares
- Wal-Mart Stores Inc: 5,789,486 shares
- Citigroup Inc: 78,763,408 shares
- Bank of America Corp: 34,882,959 shares
Note: The 13F form reports share counts and aggregate values but does not provide revenue, profit, cash flow, or margin data for the reporting manager itself.
Material Changes and Portfolio Composition
Asset Allocation: The portfolio is heavily diversified across sectors, with significant exposure to Financials, Technology, Healthcare, Energy, and Consumer Staples.
Voting Authority: The vast majority of holdings are reported with "Sole" or "Shared" voting authority, indicating active management of these positions.
Notable Concentrations: The filing reveals massive positions in major financial institutions (Citigroup, Bank of America, Wells Fargo, JPMorgan Chase) and large-cap technology firms (Microsoft, Intel, Cisco, Oracle), reflecting a strategy focused on large-cap U.S. equities.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this document. The filing serves solely to report the status of equity holdings as of the period end.
Unusual Items: The filing includes a mix of domestic and international holdings (e.g., ADRs for companies like Petrobras, Tata Motors, and various Bermuda/Irish domiciled insurers). There are no reported short positions or derivatives in this specific 13F-HR summary table.
Key Facts for Investor Verification
- Portfolio Size: Verify the total reported value of approximately $37.96 billion against Prudential's broader asset management disclosures.
- Top 10 Concentration: Assess the risk exposure associated with the top holdings, particularly the significant stakes in Citigroup, Bank of America, and General Electric.
- Manager Attribution: Note that this report aggregates holdings from multiple sub-managers (e.g., Jennison Associates, Mercator Asset Management); specific strategy attribution requires reviewing individual manager filings if available.
- Reporting Lag: Confirm that the data reflects positions as of December 31, 2010, and does not account for trading activity in the subsequent quarter.
- International Exposure: Review the list of ADRs and foreign-domiciled entities to understand the geographic diversification of the portfolio.