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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.86% |
| 2 | Consumer Discretionary | 15.64% |
| 3 | Financials | 12.8% |
| 4 | Healthcare | 12.56% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Edwards Lifesciences
EW
$47.8B
| $54.6M | 0.05% |
1,453,437
-1,646,691
| -53% | -$60.4M |
|
252
Hexcel
HXL
$8.28B
| $54.5M | 0.05% |
+881,829
| New | +$53.6M |
|
|
SEMG
253
DELISTED
SEMGROUP CORPORATION
SEMG
| $52.6M | 0.05% |
1,743,178
-423,119
| -20% | -$11.2M |
|
254
Southern Company
SO
$109B
| $52.4M | 0.05% |
1,089,946
-454
| -0% | -$23.1K |
|
255
Portland General Electric
POR
$5.93B
| $52.3M | 0.05% |
1,146,747
-472,308
| -29% | -$22.4M |
|
256
Universal Health Services
UHS
$9.64B
| $52.1M | 0.05% |
459,775
-9,708
| -2% | -$1.04M |
|
257
eBay
EBAY
$50.3B
| $51.7M | 0.05% |
1,370,595
-931,735
| -40% | -$34.6M |
|
|
PPL
258
PPL Corp
PPL
$27.1B
| $51.4M | 0.05% |
1,661,197
| – | – |
|
259
Terex
TEX
$7.89B
| $50.8M | 0.05% |
1,053,158
-17,651
| -2% | -$813K |
|
260
Darling Ingredients
DAR
$9.62B
| $50.6M | 0.05% |
2,789,602
+39,693
| +1% | +$686K |
|
261
Seacoast Banking Corp of Florida
SBCF
$3.23B
| $50.5M | 0.05% |
2,002,000
+400,045
| +25% | +$10M |
|
262
Johnson Controls International
JCI
$87.5B
| $50.5M | 0.05% |
1,324,158
+720,220
| +119% | +$28.1M |
|
263
Marathon Petroleum
MPC
$91.2B
| $49.9M | 0.05% |
756,240
+259,715
| +52% | +$15.9M |
|
264
JELD-WEN Holding
JELD
$99.9M
| $49.8M | 0.05% |
1,265,084
+725,186
| +134% | +$26.9M |
|
|
FCE.A
265
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $49.4M | 0.05% |
2,048,987
+2,681
| +0.1% | +$66.4K |
|
266
Integra LifeSciences
IART
$1.52B
| $48.6M | 0.05% |
1,016,305
-18,397
| -2% | -$900K |
|
|
XEC
267
DELISTED
CIMAREX ENERGY CO
XEC
| $48.5M | 0.05% |
397,352
-34,587
| -8% | -$4.03M |
|
|
NSA
268
DELISTED
National Storage Affiliates Trust
NSA
| $47.3M | 0.05% |
1,734,717
-379,324
| -18% | -$9.76M |
|
269
Clorox
CLX
$11.8B
| $45.9M | 0.05% |
308,293
-2,958
| -1% | -$402K |
|
270
Lam Research
LRCX
$365B
| $45.8M | 0.05% |
+2,490,370
| New | +$48.9M |
|
|
VR
271
DELISTED
Validus Hold Ltd
VR
| $45.5M | 0.04% |
969,415
-355,768
| -27% | -$17.6M |
|
272
Sprouts Farmers Market
SFM
$7.23B
| $45.5M | 0.04% |
1,867,799
-14,833
| -0.8% | -$314K |
|
273
Fortinet
FTNT
$112B
| $45.5M | 0.04% |
5,201,495
-1,817,690
| -26% | -$14.8M |
|
|
GOLD
274
DELISTED
Randgold Resources Ltd
GOLD
| $44.7M | 0.04% |
451,935
-3,416
| -0.8% | -$325K |
|
275
Pebblebrook Hotel Trust
PEB
$2.19B
| $44.5M | 0.04% |
1,197,672
-175,537
| -13% | -$6.49M |
|
Similar funds
Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.