Prudential Financial.

Prudential Financial's latest 13F filing reveals a highly concentrated defensive portfolio that reflects the insurance giant's conservative investment approach managing $11.8 trillion in assets. The fund maintains significant exposure to just two primary holdings across multiple share classes, with Alphabet (GOOG) positions totaling approximately $1.37 trillion and representing over 10% of the portfolio, while various Berkshire Hathaway positions (BRK/A and BRK/B) account for roughly $2.54 trillion or about 21% of total assets. This concentration in Warren Buffett's conglomerate and the tech giant demonstrates Prudential's preference for established, cash-generating businesses that align with their income-focused mandate.