PRUDENTIAL FINANCIAL INC
Q2 2025 Form 13-F

NEWARK, NEW JERSEY
CIK 0001137774 · Publicly traded company
Holdings reported by JENNISON ASSOCIATES LLC since Q2 2013
Consolidated report · includes 5 managers since Q2 2013
$77.4B Reported Value Total
Reported value
$77.4B
Quarter over quarter
+9.1%
Holdings
2,424
Top-10 concentration
31.8%

Reports holdings for

Holdings reported by

Key People

Directors & officers from Form 4 filings
Sullivan Andrew F
Chief Executive Officer
Lowrey Charles F
Chairman of the Board
Strangfeld John R Jr
Chief Executive Officer
Waldeck George P Jr.
Executive Vice President
Boyle Robert E
Senior Vice President
Kappler Ann M
EVP and General Counsel

Description and Activity

Prudential Financial, Inc. is a global financial services company with a significant presence in the United States, Asia, Europe, and Latin America. The company manages approximately $1.450 trillion in assets and provides a wide array of financial products and services, including life insurance, annuities, retirement-related products, mutual funds, and investment management.

Prudential operates through several business units. PGIM, its global investment management arm, offers investment services to both institutional and retail clients worldwide, covering a broad range of assets such as public fixed income, public equity, real estate debt and equity, private credit, and multi-asset class strategies. In the U.S., Prudential's business units include Retirement Strategies, Group Insurance, and Individual Life, serving both individual and institutional customers with products like payout annuities, pension risk transfer products, group life insurance, and various individual life insurance products.

The company's international operations span Asia, Europe, and Latin America, providing similar financial products and services tailored to each market. Additionally, Prudential has a Closed Block Division, which manages certain in-force participating insurance and annuity products, and a Corporate and Other operations segment, which includes corporate items and initiatives not allocated to specific business segments.

Prudential's revenue is primarily generated from asset management fees, insurance premiums, and investment income. The company is publicly traded on the New York Stock Exchange under the ticker symbol PRU and operates in a highly competitive market, facing competition from numerous asset managers and financial institutions. Prudential is also subject to extensive regulatory oversight, including state insurance regulations, federal securities laws, and international regulatory requirements, ensuring the company's solvency and compliance with various legal standards.

Prudential Financial's executive leadership team includes experienced professionals with diverse backgrounds, such as Robert M. Falzon, the Chairman and CEO, and other senior executives who bring expertise from various sectors of the financial services industry. The company continues to adapt to regulatory changes and market conditions to maintain its financial stability and meet its obligations to policyholders and clients.

Company description summarized from 10-K filing.

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Q2 2025 13F record

Q2 2025 13F filing summary

Q2 2025 Form 13F portfolio summary
Period of report June 30, 2025
Filed August 12, 2025
Form 13F-HR
Reported value $77.4B
Positions 2,424
Change in reported value +10.3%
New positions 256
Exited positions 116
Position turnover 14.7%
Top-10 concentration 31.8%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q2 2026 13F
Filed Aug 12, 2026
2,485 $91.8B
Q1 2026 13F
Filed May 13, 2026
2,401 $81.2B
Q4 2025 13F
Filed Feb 13, 2026
2,208 $82.8B
Q3 2025 13F
Filed Nov 13, 2025
2,411 $84.1B
Q2 2025 13F
Filed Aug 12, 2025
2,424 $77.4B
Q1 2025 13F
Filed May 13, 2025
2,284 $70.2B
Q4 2024 13F
Filed Feb 11, 2025
2,281 $72.9B
Q3 2024 13F
Filed Nov 14, 2024
2,705 $71.0B
Q2 2024 13F
Filed Aug 13, 2024
2,682 $66.6B
Q1 2024 13F
Filed May 14, 2024
2,665 $71.0B
Q4 2023 13F
Filed Feb 13, 2024
2,644 $66.2B
Q3 2023 13F
Filed Nov 13, 2023
2,593 $63.8B
Q2 2023 13F
Filed Aug 11, 2023
2,611 $68.8B
Q1 2023 13F
Filed May 12, 2023
2,598 $63.9B
Q4 2022 13F
Filed Feb 14, 2023
2,590 $59.4B
Q3 2022 13F
Filed Nov 4, 2022
2,647 $59.0B
Q2 2022 13F
Filed Aug 15, 2022
2,656 $63.1B
Q1 2022 13F
Filed May 13, 2022
2,604 $75.3B
Q4 2021 13F
Filed Feb 14, 2022
2,626 $80.6B
Q3 2021 13F
Filed Nov 15, 2021
2,582 $71.7B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2025

Largest Q2 2025 13F positions by reported value
# Holding Reported value % of portfolio
1 NVDA NVIDIA CORPORATION $4.0B 5.15%
2 MSFT MICROSOFT CORP $3.9B 5.05%
3 IVV ISHARES TR $3.2B 4.08%
4 AAPL APPLE INC $3.2B 4.07%
5 DFUS DIMENSIONAL ETF TRUST $2.9B 3.72%
6 AMZN AMAZON COM INC $2.1B 2.66%
7 META META PLATFORMS INC $1.7B 2.21%
8 AVGO BROADCOM INC $1.5B 1.88%
9 PULS PGIM ETF TR $1.2B 1.6%
10 GOOGL ALPHABET INC $1.1B 1.37%
11 PAAA PGIM ETF TR $1.1B 1.37%
12 GOOG ALPHABET INC $877.9M 1.13%
13 BRK-B BERKSHIRE HATHAWAY INC DEL $839.7M 1.08%
14 VIG VANGUARD SPECIALIZED FUNDS $832.6M 1.08%
15 TSLA TESLA INC $799.8M 1.03%
16 JPM JPMORGAN CHASE & CO. $736.4M 0.95%
17 V VISA INC $638.7M 0.83%
18 LLY ELI LILLY & CO $636.5M 0.82%
19 NFLX NETFLIX INC $607.7M 0.79%
20 MA MASTERCARD INCORPORATED $580.3M 0.75%

Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.

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