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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Consumer Discretionary | 16.55% |
| 3 | Financials | 13.82% |
| 4 | Healthcare | 12.55% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Crown Castle
CCI
$33.3B
| $52.9M | 0.05% |
482,843
-2,971,164
| -86% | -$322M |
|
252
Sprouts Farmers Market
SFM
$8.13B
| $52.8M | 0.05% |
2,248,183
+380,384
| +20% | +$9.75M |
|
|
SAVE
253
DELISTED
Spirit Airlines, Inc.
SAVE
| $52.7M | 0.05% |
1,395,273
-375,143
| -21% | -$15.7M |
|
254
NN Inc
NNBR
$255M
| $52.4M | 0.05% |
2,181,453
-22,155
| -1% | -$580K |
|
|
CONE
255
DELISTED
CyrusOne Inc Common Stock
CONE
| $52.3M | 0.05% |
1,021,881
-526,869
| -34% | -$28.2M |
|
|
TGE
256
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $50.9M | 0.05% |
2,675,086
+46,575
| +2% | +$1.04M |
|
257
Universal Health Services
UHS
$10.2B
| $49.8M | 0.05% |
420,870
-38,905
| -8% | -$4.62M |
|
258
Saia
SAIA
$9.25B
| $49.6M | 0.05% |
659,680
+332,457
| +102% | +$24.7M |
|
259
McCormick & Company Non-Voting
MKC
$13.7B
| $49M | 0.05% |
920,804
+60,894
| +7% | +$3.2M |
|
260
Adecoagro
AGRO
$1.44B
| $47.5M | 0.05% |
6,320,250
-457,409
| -7% | -$4.19M |
|
|
FCE.A
261
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $47.3M | 0.05% |
2,332,853
+283,866
| +14% | +$6.31M |
|
262
BWX Technologies
BWXT
$15.5B
| $47.2M | 0.05% |
742,329
+254,511
| +52% | +$16.1M |
|
263
Johnson Controls International
JCI
$88.8B
| $46.6M | 0.05% |
1,323,793
-365
| -0% | -$13.9K |
|
264
Universal Display
OLED
$3.75B
| $46.3M | 0.05% |
458,689
+372,239
| +431% | +$56M |
|
265
FirstEnergy
FE
$28B
| $46.2M | 0.05% |
+1,358,938
| New | +$43.6M |
|
266
Clearway Energy Class C
CWEN
$4.94B
| $46.1M | 0.05% |
2,713,648
+364,764
| +16% | +$6.39M |
|
|
RVNC
267
DELISTED
Revance Therapeutics, Inc.
RVNC
| $45.7M | 0.05% |
1,483,037
+625,501
| +73% | +$20.1M |
|
|
PGTI
268
DELISTED
PGT, Inc.
PGTI
| $45.6M | 0.05% |
2,442,519
-62,549
| -2% | -$1.08M |
|
269
Merck
MRK
$322B
| $45.4M | 0.05% |
873,054
-155,790
| -15% | -$8.41M |
|
270
Reliance Steel & Aluminium
RS
$20.7B
| $45.2M | 0.05% |
527,492
+341,024
| +183% | +$30.5M |
|
271
Fortinet
FTNT
$119B
| $45.1M | 0.04% |
4,209,270
-992,225
| -19% | -$9.67M |
|
272
Moody's
MCO
$82.8B
| $45.1M | 0.04% |
+279,421
| New | +$45.2M |
|
|
AQUA
273
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $45M | 0.04% |
2,112,502
+566,989
| +37% | +$13M |
|
|
FLIR
274
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $44.8M | 0.04% |
896,103
-22,599
| -2% | -$1.12M |
|
|
ANDV
275
DELISTED
Andeavor
ANDV
| $44.7M | 0.04% |
444,362
-372,370
| -46% | -$38.8M |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.02B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
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.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.