Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$770M |
| 2 |
Crown Castle
CCI
|
+$678M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$557M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$437M |
| 5 |
BioMarin Pharmaceuticals
BMRN
|
+$305M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$1.22B |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$1.04B |
| 3 |
Amazon
AMZN
|
+$661M |
| 4 |
SHPG
Shire pic
SHPG
|
+$478M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$457M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.25% |
| 2 | Consumer Discretionary | 17.77% |
| 3 | Healthcare | 14.23% |
| 4 | Communication Services | 13.04% |
| 5 | Financials | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Quanta Services
PWR
$90.6B
| $67.9M | 0.07% |
2,062,030
-51,661
| -2% | -$1.72M |
|
|
OTIC
227
DELISTED
Otonomy, Inc.
OTIC
| $67.9M | 0.07% |
3,599,706
-69,725
| -2% | -$972K |
|
228
Wells Fargo
WFC
$262B
| $67.8M | 0.07% |
1,223,559
-294,819
| -19% | -$15.8M |
|
229
AstraZeneca
AZN
$252B
| $67.6M | 0.07% |
991,651
+5,796
| +0.6% | +$378K |
|
230
Vodafone
VOD
$37.1B
| $67.2M | 0.07% |
2,340,445
+674,477
| +40% | +$18.8M |
|
231
Korn Ferry
KFY
$4.43B
| $66.9M | 0.07% |
1,937,985
-35,873
| -2% | -$1.17M |
|
232
Rio Tinto
RIO
$168B
| $66.7M | 0.07% |
1,576,255
+548,476
| +53% | +$22M |
|
233
Eagle Bancorp
EGBN
$840M
| $66.1M | 0.07% |
1,044,733
+198,608
| +23% | +$11.9M |
|
234
Fortinet
FTNT
$122B
| $66M | 0.07% |
8,810,125
-291,785
| -3% | -$2.26M |
|
235
Allison Transmission
ALSN
$10.4B
| $64.6M | 0.07% |
+1,722,693
| New | +$64.3M |
|
236
SLB Ltd
SLB
$85.1B
| $64.5M | 0.07% |
978,927
-250,294
| -20% | -$17.9M |
|
237
Avient
AVNT
$4.1B
| $64.4M | 0.07% |
1,662,209
-129,859
| -7% | -$4.83M |
|
|
PPL
238
PPL Corp
PPL
$25.7B
| $64.2M | 0.07% |
1,661,197
+331,635
| +25% | +$12.8M |
|
|
XENT
239
DELISTED
Intersect ENT, Inc
XENT
| $63.7M | 0.07% |
2,280,798
-34,072
| -1% | -$771K |
|
|
AGN.PRA
240
DELISTED
Allergan plc
AGN.PRA
| $63.1M | 0.07% |
72,723
+2,814
| +4% | +$2.36M |
|
241
IQVIA
IQV
$43.1B
| $62.2M | 0.07% |
695,364
+94,071
| +16% | +$7.94M |
|
242
Gaming and Leisure Properties
GLPI
$12.4B
| $62.2M | 0.07% |
1,651,701
-39,826
| -2% | -$1.43M |
|
|
PNK
243
DELISTED
Pinnacle Entertainment Inc.
PNK
| $62.1M | 0.07% |
3,143,973
+65,105
| +2% | +$1.31M |
|
244
Dominion Energy
D
$57.7B
| $61.3M | 0.07% |
800,260
-203,007
| -20% | -$16M |
|
|
LJPC
245
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $61.1M | 0.06% |
2,053,467
+285,254
| +16% | +$8.17M |
|
246
White Mountains Insurance
WTM
$5.1B
| $60.7M | 0.06% |
69,917
-6,419
| -8% | -$5.57M |
|
247
Toll Brothers
TOL
$13.5B
| $60.4M | 0.06% |
1,529,279
-1,182,226
| -44% | -$44.1M |
|
248
Columbia Banking Systems
COLB
$8.51B
| $59.8M | 0.06% |
1,499,439
+13,295
| +0.9% | +$518K |
|
249
Abbott
ABT
$195B
| $59.3M | 0.06% |
1,219,360
-19,352
| -2% | -$876K |
|
250
JB Hunt Transport Services
JBHT
$24.5B
| $58.9M | 0.06% |
644,808
-65,641
| -9% | -$5.8M |
|
Similar funds
Jennison Associates's Q2 2017 Portfolio in Review
As of Q2 2017, Jennison Associates held 698 positions worth $94.3B, up 1.1% from $93.2B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates withdrew a net $3.11B in Q2 2017, closing 61 positions and reducing 332 holdings. Its most notable exit was NXP Semiconductors, an estimated $452M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Newell Brands worth $125M.
- Jennison Associates's largest Q2 2017 buy was Newell Brands: 2,328,211 shares worth $125M.
- Jennison Associates added most to McDonald's in Q2 2017, an estimated $770M increase.
- Jennison Associates's biggest Q2 2017 reduction was Nike, cutting an estimated $1.22B.
- Jennison Associates fully exited NXP Semiconductors in Q2 2017, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 27% of its $94.3B portfolio in Q2 2017.
- Jennison Associates opened 62 new positions and closed 61 in Q2 2017.
- Jennison Associates's portfolio value rose 1.1% quarter-over-quarter to $94.3B.
Based on Jennison Associates's 13F filing for Q2 2017, filed 4 Aug 2017.