SEC Filing Summary: Prudential Financial Inc. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR (Holdings Report) submitted by Prudential Financial, Inc. for the quarter ended June 30, 2002. The report was signed on August 14, 2002, by Ellen McGlynn Koke, Vice President. The filing covers securities over which Prudential Financial, Inc. and its wholly-owned subsidiaries (including Prudential Securities Group Inc. and Jennison Associates, LLC) exercise investment discretion.
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the company's own operating financials (revenue, profit, cash flow). The following metrics represent the reported portfolio:
- Total Portfolio Value: $23,314,264,000
- Total Number of Holdings: 2,273
- Number of Included Managers: 3 (Prudential Financial, Inc., The Prudential Insurance Company of America, Prudential Investment Management, Inc., and Prudential Investment Management Services, LLC)
Material Changes and Portfolio Composition
The filing lists specific equity positions held as of June 30, 2002. While the text does not provide a comparative table against the prior quarter to calculate specific percentage changes, the portfolio demonstrates significant concentration in the following sectors and top holdings:
- Technology: Major positions in Cisco Systems ($16.17B), Microsoft ($10.11B), Intel ($13.99B), and Oracle ($10.54B).
- Financials: Significant holdings in Citigroup ($10.18B), J.P. Morgan Chase ($5.04B), Bank of America ($3.85B), and Wells Fargo ($3.13B).
- Healthcare: Large positions in Pfizer ($12.71B), Merck ($4.56B), and Johnson & Johnson ($6.17B).
- Consumer Staples: Notable holdings in Procter & Gamble ($2.49B), Coca-Cola ($4.31B), and Philip Morris ($4.09B).
- Energy: Substantial exposure to Exxon Mobil ($12.68B) and ChevronTexaco ($2.43B).
Guidance, Outlook, and Risks
Guidance and Outlook: This filing type does not contain management commentary, earnings guidance, or future outlook statements regarding Prudential Financial's own operations. It is a statutory disclosure of current asset ownership.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. However, the portfolio composition reflects the market environment of mid-2002, with heavy weighting in technology and financial sectors which were subject to significant volatility during that period.
Key Facts for Investor Verification
- Portfolio Size: Verify the total reported value of approximately $23.3 billion against Prudential's broader asset management disclosures.
- Top Concentrations: Note the massive single-stock positions in Cisco Systems, Microsoft, and Pfizer, which represent significant portions of the reported equity value.
- Reporting Entities: Confirm that the holdings include assets managed by subsidiaries such as Prudential Securities Group and Jennison Associates.
- Missing Data: This document does not provide Prudential Financial's own revenue, net income, or debt levels; those figures must be sourced from the company's 10-Q or 10-K filings.