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 |
Merck
MRK
|
+$891M |
| 2 |
Union Pacific
UNP
|
+$622M |
| 3 |
Salesforce
CRM
|
+$418M |
| 4 |
Edwards Lifesciences
EW
|
+$405M |
| 5 |
lululemon athletica
LULU
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$680M |
| 2 |
Texas Instruments
TXN
|
+$585M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$571M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$558M |
| 5 |
Parker-Hannifin
PH
|
+$556M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.09% |
| 2 | Healthcare | 17.49% |
| 3 | Consumer Discretionary | 17.05% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Procter & Gamble
PG
$335B
| $44.8M | 0.05% |
487,392
+9,997
| +2% | +$894K |
|
227
Kinder Morgan
KMI
$70.5B
| $44.7M | 0.05% |
2,907,281
+703,885
| +32% | +$11.9M |
|
|
ADSW
228
DELISTED
Advanced Disposal Services Inc
ADSW
| $44.6M | 0.05% |
1,864,552
+186,284
| +11% | +$4.82M |
|
|
SAVE
229
DELISTED
Spirit Airlines, Inc.
SAVE
| $44.4M | 0.05% |
767,328
+1,893
| +0.2% | +$101K |
|
230
Fortive
FTV
$17.7B
| $44.4M | 0.05% |
1,040,820
-137,722
| -12% | -$6.47M |
|
231
SLB Ltd
SLB
$72.6B
| $44.2M | 0.05% |
1,225,734
-1,303,828
| -52% | -$64.3M |
|
232
Brighthouse Financial
BHF
$3.64B
| $44M | 0.05% |
1,443,841
-153,076
| -10% | -$5.97M |
|
233
Microchip Technology
MCHP
$40.7B
| $43.9M | 0.05% |
1,220,486
-419,274
| -26% | -$14.8M |
|
|
HZNP
234
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $43.4M | 0.05% |
2,220,567
+807,401
| +57% | +$15.8M |
|
235
Conagra Brands
CAG
$7.19B
| $43.4M | 0.05% |
2,030,319
-1,269,013
| -38% | -$41M |
|
236
Trade Desk
TTD
$8.59B
| $43.3M | 0.05% |
3,731,740
-229,930
| -6% | -$2.88M |
|
237
IQVIA
IQV
$39.1B
| $43.3M | 0.05% |
372,300
+8,348
| +2% | +$1.01M |
|
238
Bright Horizons
BFAM
$4.1B
| $43M | 0.05% |
385,653
+30,505
| +9% | +$3.51M |
|
|
PRTY
239
DELISTED
Party City Holdco Inc.
PRTY
| $42.8M | 0.05% |
4,287,244
+235,639
| +6% | +$2.56M |
|
240
Cintas
CTAS
$82.7B
| $42.8M | 0.05% |
1,018,544
+15,532
| +2% | +$694K |
|
|
AERI
241
DELISTED
Aerie Pharmaceuticals
AERI
| $42.7M | 0.05% |
1,183,461
-202,750
| -15% | -$9.51M |
|
242
Adecoagro
AGRO
$1.47B
| $42.6M | 0.05% |
6,115,520
+68,882
| +1% | +$504K |
|
243
Ingersoll Rand
IR
$33B
| $42.3M | 0.05% |
2,067,385
-58,269
| -3% | -$1.43M |
|
244
TechnipFMC
FTI
$27.5B
| $40.7M | 0.05% |
2,793,464
-353,652
| -11% | -$6.58M |
|
245
Johnson Controls International
JCI
$87.8B
| $39.9M | 0.04% |
1,346,060
+450,343
| +50% | +$14.9M |
|
246
Take-Two Interactive
TTWO
$46.3B
| $39.9M | 0.04% |
387,531
+62,414
| +19% | +$7.19M |
|
247
Vulcan Materials
VMC
$35.2B
| $38.8M | 0.04% |
392,937
-136,741
| -26% | -$13.9M |
|
248
Aramark
ARMK
$15.1B
| $38.8M | 0.04% |
1,855,793
+254,955
| +16% | +$6.62M |
|
249
Integra LifeSciences
IART
$1.33B
| $38.8M | 0.04% |
859,937
-151,518
| -15% | -$8.31M |
|
|
STI
250
DELISTED
SunTrust Banks, Inc.
STI
| $38.1M | 0.04% |
755,767
-73,219
| -9% | -$4.38M |
|
Similar funds
Jennison Associates's Q4 2018 Portfolio in Review
As of Q4 2018, Jennison Associates held 753 positions worth $89.4B, down 18% from $109B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q4 2018 filing shows 95 new, 255 increased, 283 reduced and 113 closed positions. Its largest new stake was lululemon athletica: 2,588,881 shares worth $315M. The largest sale was Caterpillar, an estimated $680M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Jennison Associates's largest Q4 2018 buy was lululemon athletica: 2,588,881 shares worth $315M.
- Jennison Associates added most to Merck in Q4 2018, an estimated $891M increase.
- Jennison Associates's biggest Q4 2018 reduction was Caterpillar, cutting an estimated $680M.
- Jennison Associates fully exited Tiffany & Co. in Q4 2018, selling an estimated $151M.
- Jennison Associates's ten largest holdings make up 30% of its $89.4B portfolio in Q4 2018.
- Jennison Associates opened 95 new positions and closed 113 in Q4 2018.
- Jennison Associates's portfolio value fell 18% quarter-over-quarter to $89.4B.
Based on Jennison Associates's 13F filing for Q4 2018, filed 6 Feb 2019.