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 | |
|---|---|---|---|---|---|---|
|
SEMG
251
DELISTED
SEMGROUP CORPORATION
SEMG
| $58.7M | 0.06% |
2,174,698
-1,029,506
| -32% | -$32M |
|
252
Sempra
SRE
$55.1B
| $58.6M | 0.06% |
1,038,786
+7,824
| +0.8% | +$442K |
|
253
Kinder Morgan
KMI
$70.3B
| $58.1M | 0.06% |
3,031,206
-1,963,114
| -39% | -$39M |
|
254
Universal Health Services
UHS
$10.1B
| $57.6M | 0.06% |
471,495
+43,013
| +10% | +$5.12M |
|
|
ADSW
255
DELISTED
Advanced Disposal Services Inc
ADSW
| $56.9M | 0.06% |
2,501,228
+779,413
| +45% | +$18M |
|
256
NN Inc
NNBR
$280M
| $56.1M | 0.06% |
2,043,168
-675,649
| -25% | -$18.7M |
|
257
Advance Auto Parts
AAP
$2.59B
| $55.9M | 0.06% |
479,131
+130,533
| +37% | +$17.9M |
|
258
Kraft Heinz
KHC
$30.5B
| $54.5M | 0.06% |
636,115
-3,902
| -0.6% | -$354K |
|
|
CYBR
259
DELISTED
CyberArk
CYBR
| $54.1M | 0.06% |
1,082,453
+122,633
| +13% | +$6.19M |
|
|
HES
260
DELISTED
Hess
HES
| $53M | 0.06% |
1,207,703
-149,591
| -11% | -$6.99M |
|
261
Pinnacle West Capital
PNW
$11.8B
| $52M | 0.06% |
611,078
| – | – |
|
|
TXNM
262
TXNM Energy Inc
TXNM
$5.94B
| $51.1M | 0.05% |
1,335,706
| – | – |
|
|
VSM
263
DELISTED
Versum Materials, Inc.
VSM
| $50.8M | 0.05% |
1,562,524
+39,983
| +3% | +$1.25M |
|
264
Liberty Global Class C
LBTYK
$3.56B
| $50.7M | 0.05% |
1,626,515
-49,351
| -3% | -$1.54M |
|
265
Fastenal
FAST
$57.1B
| $50.3M | 0.05% |
4,617,596
+311,536
| +7% | +$3.5M |
|
|
FCE.A
266
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $49.4M | 0.05% |
2,044,708
-71,987
| -3% | -$1.66M |
|
267
Ingersoll Rand
IR
$30.5B
| $49.2M | 0.05% |
+2,278,907
| New | +$50.9M |
|
|
GWPH
268
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $49.2M | 0.05% |
490,721
+24,376
| +5% | +$2.62M |
|
269
Live Nation Entertainment
LYV
$42.3B
| $49M | 0.05% |
1,406,827
-472,010
| -25% | -$15.8M |
|
|
NSA
270
DELISTED
National Storage Affiliates Trust
NSA
| $48.1M | 0.05% |
2,079,641
-550,031
| -21% | -$13.2M |
|
|
DBD
271
DELISTED
Diebold Nixdorf Incorporated
DBD
| $46.8M | 0.05% |
1,672,505
+357,007
| +27% | +$9.88M |
|
|
AXE
272
DELISTED
Anixter International Inc
AXE
| $46.6M | 0.05% |
595,511
-9,300
| -2% | -$726K |
|
273
Southern Company
SO
$102B
| $46.4M | 0.05% |
969,243
| – | – |
|
|
QTS
274
DELISTED
QTS REALTY TRUST, INC.
QTS
| $45.9M | 0.05% |
876,262
-73,557
| -8% | -$3.81M |
|
|
CLDT
275
Chatham Lodging
CLDT
$637M
| $45.8M | 0.05% |
2,280,251
-517
| -0% | -$10.2K |
|
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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.