PGIM Jennison Mid-Cap Growth Fund
Schedule of Investments as of May 31, 2025 (unaudited)
Description     Shares Value
Long-Term Investments 97.6%
Common Stocks 
Aerospace & Defense 3.4%
BWX Technologies, Inc.       146,228  $18,366,237
HEICO Corp.       88,525 26,525,631
Hexcel Corp.       120,668 6,382,131
Woodward, Inc.       110,471 23,898,191
          75,172,190
Banks 0.8%
East West Bancorp, Inc.       196,041 17,878,939
Biotechnology 5.0%
Alnylam Pharmaceuticals, Inc.*(a)       96,853 29,497,550
Argenx SE (Netherlands), ADR*       29,617 16,978,241
Exact Sciences Corp.*(a)       673,104 37,882,293
Natera, Inc.*       182,365 28,764,432
          113,122,516
Building Products 1.2%
Zurn Elkay Water Solutions Corp.(a)       775,044 28,048,842
Capital Markets 4.3%
Houlihan Lokey, Inc.(a)       204,948 35,800,317
LPL Financial Holdings, Inc.       156,932 60,757,793
          96,558,110
Commercial Services & Supplies 2.3%
GFL Environmental, Inc.       1,007,820 50,824,363
Communications Equipment 0.8%
Arista Networks, Inc.*       195,280 16,919,059
Construction & Engineering 1.2%
Quanta Services, Inc.(a)       81,900 28,055,664
Consumer Staples Distribution & Retail 3.4%
Casey’s General Stores, Inc.       15,180 6,645,197
Performance Food Group Co.*       773,856 69,306,543
          75,951,740
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PGIM Jennison Mid-Cap Growth Fund
Schedule of Investments as of May 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Distributors 0.4%
Pool Corp.(a)       28,448  $8,551,184
Electrical Equipment 2.4%
AMETEK, Inc.       172,301 30,797,081
Generac Holdings, Inc.*(a)       122,085 14,910,241
Rockwell Automation, Inc.       28,468 8,983,077
          54,690,399
Electronic Equipment, Instruments & Components 1.1%
Teledyne Technologies, Inc.*(a)       49,939 24,912,570
Entertainment 4.5%
ROBLOX Corp. (Class A Stock)*       442,958 38,528,487
Take-Two Interactive Software, Inc.*       273,786 61,952,296
          100,480,783
Financial Services 4.7%
Apollo Global Management, Inc.       118,648 15,506,107
Shift4 Payments, Inc. (Class A Stock)*(a)       686,748 65,096,843
Toast, Inc. (Class A Stock)*       577,346 24,352,454
          104,955,404
Food Products 0.6%
Freshpet, Inc.*(a)       169,874 13,617,100
Ground Transportation 0.6%
Saia, Inc.*(a)       49,241 13,019,813
Health Care Equipment & Supplies 4.5%
Cooper Cos., Inc. (The)*       420,140 28,687,159
Dexcom, Inc.*(a)       447,148 38,365,299
Insulet Corp.*       103,473 33,631,829
          100,684,287
Health Care Providers & Services 1.4%
Cencora, Inc.       108,199 31,511,877
Hotels, Restaurants & Leisure 7.2%
Cava Group, Inc.*       189,111 15,369,051
Churchill Downs, Inc.       342,139 32,664,010
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PGIM Jennison Mid-Cap Growth Fund
Schedule of Investments as of May 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Hotels, Restaurants & Leisure (cont’d.)
Domino’s Pizza, Inc.(a)       90,712  $42,981,160
Hilton Worldwide Holdings, Inc.       152,517 37,891,323
Texas Roadhouse, Inc.       168,637 32,919,629
          161,825,173
Independent Power & Renewable Electricity Producers 2.2%
Vistra Corp.       308,076 49,467,763
Insurance 1.0%
Ryan Specialty Holdings, Inc.(a)       305,255 21,847,100
Interactive Media & Services 1.8%
Pinterest, Inc. (Class A Stock)*       1,274,386 39,646,148
IT Services 0.3%
Snowflake, Inc. (Class A Stock)*       33,281 6,844,903
Life Sciences Tools & Services 1.2%
Agilent Technologies, Inc.       96,938 10,849,301
Illumina, Inc.*(a)       192,317 15,816,150
          26,665,451
Machinery 1.1%
Xylem, Inc.       197,456 24,887,354
Media 1.1%
Trade Desk, Inc. (The) (Class A Stock)*(a)       336,063 25,278,659
Oil, Gas & Consumable Fuels 4.7%
Cheniere Energy, Inc.       310,523 73,590,846
Expand Energy Corp.       279,853 32,499,329
          106,090,175
Professional Services 1.4%
Paycom Software, Inc.       124,002 32,127,678
Real Estate Management & Development 2.1%
CBRE Group, Inc. (Class A Stock)*       317,445 39,686,974
CoStar Group, Inc.*       110,782 8,149,124
          47,836,098
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PGIM Jennison Mid-Cap Growth Fund
Schedule of Investments as of May 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Semiconductors & Semiconductor Equipment 3.0%
Entegris, Inc.(a)       146,248  $10,053,088
Marvell Technology, Inc.       268,727 16,174,678
Monolithic Power Systems, Inc.(a)       37,638 24,912,592
Universal Display Corp.       117,604 16,858,533
          67,998,891
Software 19.4%
AppLovin Corp. (Class A Stock)*       267,512 105,132,216
Cadence Design Systems, Inc.*       89,331 25,644,250
Crowdstrike Holdings, Inc. (Class A Stock)*       118,556 55,883,742
CyberArk Software Ltd.*       134,281 51,400,081
Datadog, Inc. (Class A Stock)*       371,183 43,755,052
HubSpot, Inc.*       105,719 62,363,638
Monday.com Ltd.*(a)       75,698 22,519,398
Procore Technologies, Inc.*(a)       334,322 22,456,409
Samsara, Inc. (Class A Stock)*       830,118 38,633,692
ServiceTitan, Inc. (Class A Stock)*(a)       54,315 6,011,041
          433,799,519
Specialty Retail 5.1%
Burlington Stores, Inc.*       259,811 59,307,057
O’Reilly Automotive, Inc.*       39,518 54,040,865
          113,347,922
Textiles, Apparel & Luxury Goods 2.7%
On Holding AG (Switzerland) (Class A Stock)*       1,001,404 59,473,384
Trading Companies & Distributors 0.7%
Watsco, Inc.(a)       34,438 15,275,664
     
 
 
Total Long-Term Investments
(cost $1,587,496,705)
2,187,366,722
 
Short-Term Investments 9.5%
Affiliated Mutual Funds 
PGIM Core Government Money Market Fund (7-day effective yield 4.462%)(wb)     59,561,555 59,561,555
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PGIM Jennison Mid-Cap Growth Fund
Schedule of Investments as of May 31, 2025 (unaudited) (continued)
Description     Shares Value
 
Affiliated Mutual Funds (Continued)
PGIM Institutional Money Market Fund (7-day effective yield 4.496%)
(cost $154,188,974; includes $153,583,830 of cash collateral for securities on loan)(b)(wb)
    154,309,123  $154,185,676
     
 
 
Total Short-Term Investments
(cost $213,750,529)
213,747,231
 
TOTAL INVESTMENTS107.1%
(cost $1,801,247,234)
        2,401,113,953
Liabilities in excess of other assets (7.1)% (159,844,776)
 
Net Assets 100.0% $2,241,269,177

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
ADR—American Depositary Receipt
    
* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $151,234,722; cash collateral of $153,583,830 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.
(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(wb) Represents an investment in a Fund affiliated with the Manager. 
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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