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 |
AstraZeneca
AZN
|
+$693M |
| 2 |
Constellation Brands
STZ
|
+$368M |
| 3 |
Tesla
TSLA
|
+$332M |
| 4 |
NVIDIA
NVDA
|
+$300M |
| 5 |
Booking.com
BKNG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$821M |
| 2 |
Netflix
NFLX
|
+$777M |
| 3 |
AbbVie
ABBV
|
+$583M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$477M |
| 5 |
FedEx
FDX
|
+$456M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.07% |
| 2 | Consumer Discretionary | 17.72% |
| 3 | Financials | 13.25% |
| 4 | Healthcare | 11.94% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
BWX Technologies
BWXT
$15.5B
| $55.6M | 0.05% |
892,015
+149,686
| +20% | +$9.96M |
|
252
BHP
BHP
$213B
| $53.9M | 0.05% |
1,208,802
+445,741
| +58% | +$19.3M |
|
|
PRTY
253
DELISTED
Party City Holdco Inc.
PRTY
| $53.1M | 0.05% |
3,484,921
+1,261,206
| +57% | +$19.4M |
|
|
FCE.A
254
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $53M | 0.05% |
2,323,416
-9,437
| -0.4% | -$194K |
|
|
PINC
255
DELISTED
Premier
PINC
| $52.6M | 0.05% |
1,446,231
+284,729
| +25% | +$9.43M |
|
|
VNTR
256
DELISTED
Venator Materials PLC
VNTR
| $51.8M | 0.05% |
3,165,761
-8,087
| -0.3% | -$144K |
|
257
Trinity Industries
TRN
$3.03B
| $51.7M | 0.05% |
2,095,463
-714,010
| -25% | -$17.2M |
|
258
Universal Display
OLED
$3.85B
| $51.6M | 0.05% |
600,099
+141,410
| +31% | +$13.5M |
|
|
IMMU
259
DELISTED
Immunomedics Inc
IMMU
| $50.8M | 0.05% |
2,145,563
+35,186
| +2% | +$707K |
|
260
Mohawk Industries
MHK
$7.14B
| $50.7M | 0.05% |
236,714
+6,151
| +3% | +$1.35M |
|
|
SAVE
261
DELISTED
Spirit Airlines, Inc.
SAVE
| $49.7M | 0.05% |
1,368,577
-26,696
| -2% | -$988K |
|
262
Crown Castle
CCI
$33.1B
| $49.6M | 0.05% |
459,570
-23,273
| -5% | -$2.42M |
|
263
Natera
NTRA
$36.1B
| $49.3M | 0.05% |
2,617,623
+36,876
| +1% | +$449K |
|
|
XENT
264
DELISTED
Intersect ENT, Inc
XENT
| $49.1M | 0.05% |
1,312,420
-362,332
| -22% | -$14.2M |
|
265
Adecoagro
AGRO
$1.45B
| $49.1M | 0.05% |
6,181,858
-138,392
| -2% | -$1.11M |
|
266
FirstEnergy
FE
$28.7B
| $48.8M | 0.05% |
1,358,938
| – | – |
|
267
Clearway Energy Class C
CWEN
$4.9B
| $48.5M | 0.05% |
2,820,646
+106,998
| +4% | +$1.87M |
|
|
TRHC
268
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $48.4M | 0.05% |
757,846
+172,693
| +30% | +$8.47M |
|
269
Fortive
FTV
$19.5B
| $48M | 0.05% |
+987,312
| New | +$47.2M |
|
270
Duke Energy
DUK
$101B
| $47.4M | 0.05% |
599,030
+207,506
| +53% | +$16M |
|
|
ADSW
271
DELISTED
Advanced Disposal Services Inc
ADSW
| $47M | 0.05% |
1,895,323
+299,539
| +19% | +$6.96M |
|
272
Pinnacle West Capital
PNW
$12.8B
| $46.8M | 0.05% |
580,669
-185,494
| -24% | -$14.5M |
|
273
Johnson Controls International
JCI
$85.6B
| $46.7M | 0.05% |
1,397,341
+73,548
| +6% | +$2.55M |
|
274
Azenta
AZTA
$1.33B
| $46.7M | 0.05% |
1,432,535
+184,079
| +15% | +$5.48M |
|
275
Pebblebrook Hotel Trust
PEB
$2.2B
| $46.4M | 0.05% |
1,196,564
+11,263
| +1% | +$424K |
|
Similar funds
Jennison Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Jennison Associates held 740 positions worth $103B, up 2% from $101B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q2 2018, closing 87 positions and reducing 296 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $152M 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 Financials.
Against the trend, Jennison Associates opened a new position in AstraZeneca worth $677M.
- Jennison Associates's largest Q2 2018 buy was AstraZeneca: 9,637,084 shares worth $677M.
- Jennison Associates added most to Constellation Brands in Q2 2018, an estimated $368M increase.
- Jennison Associates's biggest Q2 2018 reduction was Charter Communications, cutting an estimated $821M.
- Jennison Associates fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $152M.
- Jennison Associates's ten largest holdings make up 29% of its $103B portfolio in Q2 2018.
- Jennison Associates opened 89 new positions and closed 87 in Q2 2018.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $103B.
Based on Jennison Associates's 13F filing for Q2 2018, filed 2 Aug 2018.