PGIM Quant Solutions Large-Cap Core Equity Fund
PTEZX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 655 Broad Street Newark NJ United States of America 07102-4077
- IPO Date
- Mar 3, 1999
- CIK
- 0001070287
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Quant Solutions Large-Cap Core Equity Fund (PTEZX) is an open-ended mutual fund managed by PGIM Quantitative Solutions that seeks long-term capital appreciation by investing primarily in a diversified portfolio of large-cap U.S. equity securities to outperform the S&P 500 Index; it employs a quantitative investment process incorporating factor investing, behavioral bias analysis, momentum strategies, and unstructured data to construct a blend-style portfolio with heavy allocations to technology (approximately 33-36%), financial services, consumer cyclical, healthcare, and communication services sectors. The fund offers multiple share classes including Class Z (no sales charge, net expense ratio of 0.45%), Class A (with 5.50% maximum front-end load), Class C, and Class R6, providing broad exposure to large-cap stocks such as NVIDIA Corp, Microsoft Corp, Apple Inc, Broadcom Inc, and Amazon.com Inc as top holdings, with approximately 98% of assets in U.S. stocks, 1-1.4% in cash equivalents, a portfolio turnover ratio of 113%, beta of 1.04, P/E ratio of 24.7, and total net assets exceeding $938 million across classes domiciled in the United States. Launched on March 3, 1999, and available for sale exclusively in the United States with daily pricing, the fund targets long-term investors seeking core large-cap equity exposure and is managed by a team led by Stacie Mintz (since 2007), Devang Gambhirwala (since 2016), and Stephen Courtney (since 2021), all principals within PGIM Quantitative Solutions, a subsidiary of PGIM (the global investment management arm of Prudential Financial, Inc.) that oversees quantitative equity and multi-asset solutions with a focus on algorithmic trading, ESG integration, and scalable strategies for institutional and individual clients. PGIM Quantitative Solutions, formerly Quantitative Management Associates (QMA) and founded in 1975 with over $120 billion in assets under management as of recent data, operates from headquarters in the United States and provides the fund as part of its large blend category offerings. Recent developments include PGIM Quantitative Solutions' expansion of its Quantitative Equity, Multi-Asset, and Distributions team announced in June 2025 to bolster investment capabilities; PGIM's strategic partnership with Partners Group in September 2025 to develop multi-asset solutions combining public and private markets expertise, including PGIM's $1 trillion credit platform and real estate management with Partners Group's private equity and infrastructure focus; and strong performance recognition such as Barron’s ranking PGIM as the #4 best fund family for the one-year period ended December 31, 2024, based on asset-weighted returns among 48 families. The fund continues to evolve its quantitative approach amid market dynamics, maintaining high turnover and active sector positioning without reported acquisitions, funding rounds, or name changes specific to PTEZX in the last 1-2 years.