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 |
Qualcomm
QCOM
|
+$1.02B |
| 2 |
Walt Disney
DIS
|
+$913M |
| 3 |
lululemon athletica
LULU
|
+$435M |
| 4 |
ServiceNow
NOW
|
+$382M |
| 5 |
Twilio
TWLO
|
+$336M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$883M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$656M |
| 3 |
UnitedHealth
UNH
|
+$601M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$543M |
| 5 |
AstraZeneca
AZN
|
+$375M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.85% |
| 2 | Consumer Discretionary | 16.27% |
| 3 | Healthcare | 15.33% |
| 4 | Financials | 12.45% |
| 5 | Communication Services | 12.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Monolithic Power Systems
MPWR
$61.4B
| $37M | 0.04% |
272,425
+10,132
| +4% | +$1.38M |
|
|
ROIC
252
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $37M | 0.04% |
2,157,598
+235,011
| +12% | +$4.07M |
|
253
US Foods
USFD
$22.5B
| $36.9M | 0.04% |
1,033,215
+276,094
| +36% | +$10M |
|
254
Teck Resources
TECK
$28.2B
| $36.4M | 0.04% |
1,576,979
-524,301
| -25% | -$11.8M |
|
255
Avient
AVNT
$3.29B
| $35.9M | 0.04% |
1,144,420
-466,371
| -29% | -$13.1M |
|
256
Eversource Energy
ES
$28.1B
| $35.6M | 0.04% |
+470,076
| New | +$34.4M |
|
257
IDEX
IEX
$17B
| $35.5M | 0.04% |
206,113
+13,962
| +7% | +$2.19M |
|
258
Moody's
MCO
$83.7B
| $35.1M | 0.03% |
179,798
-96,638
| -35% | -$18.3M |
|
259
PUT
State Street SPDR S&P Biotech ETF
XBI
$10B
| $35.1M | 0.03% |
400,000
-400,000
| -50% | -$34.1M |
|
260
Byline Bancorp
BY
$1.78B
| $34.9M | 0.03% |
1,826,393
+6,986
| +0.4% | +$134K |
|
261
Plains All American Pipeline
PAA
$17.6B
| $34.9M | 0.03% |
1,432,271
-13,913
| -1% | -$332K |
|
262
Church & Dwight Co
CHD
$23.7B
| $34.9M | 0.03% |
477,029
-105,496
| -18% | -$7.84M |
|
263
Assembly Biosciences
ASMB
$498M
| $34.5M | 0.03% |
212,970
+6,880
| +3% | +$1.31M |
|
264
Lamb Weston
LW
$7.42B
| $34.4M | 0.03% |
542,626
-27,937
| -5% | -$1.84M |
|
265
NRG Energy
NRG
$26.2B
| $34.3M | 0.03% |
976,989
-1,044,570
| -52% | -$39.4M |
|
266
Texas Roadhouse
TXRH
$13.7B
| $34.3M | 0.03% |
638,250
-81,339
| -11% | -$4.57M |
|
267
Wells Fargo
WFC
$254B
| $34.2M | 0.03% |
722,244
-501,119
| -41% | -$23.4M |
|
268
Insulet
PODD
$11.8B
| $33.9M | 0.03% |
283,817
+98,995
| +54% | +$10.1M |
|
269
Lam Research
LRCX
$316B
| $32.9M | 0.03% |
1,750,370
-1,069,520
| -38% | -$20.3M |
|
270
AMC Global Media
AMCX
$450M
| $32.7M | 0.03% |
600,971
-34,313
| -5% | -$1.93M |
|
271
Cousins Properties
CUZ
$5.31B
| $32.5M | 0.03% |
899,247
-3,091
| -0.3% | -$116K |
|
272
Atlantic Union Bankshares
AUB
$6.05B
| $32.4M | 0.03% |
916,525
-32,382
| -3% | -$1.13M |
|
273
JELD-WEN Holding
JELD
$110M
| $32.2M | 0.03% |
1,515,908
+27,334
| +2% | +$551K |
|
274
Madrigal Pharmaceuticals
MDGL
$12.6B
| $32M | 0.03% |
304,893
-6,127
| -2% | -$656K |
|
275
Q2 Holdings
QTWO
$3.78B
| $31.9M | 0.03% |
417,805
-18,666
| -4% | -$1.35M |
|
Similar funds
Jennison Associates's Q2 2019 Portfolio in Review
As of Q2 2019, Jennison Associates held 692 positions worth $101B, up 0.01% from $101B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2019, closing 50 positions and reducing 376 holdings. Its most notable exit was Activision Blizzard, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Uber worth $323M.
- Jennison Associates's largest Q2 2019 buy was Uber: 6,953,868 shares worth $323M.
- Jennison Associates added most to Qualcomm in Q2 2019, an estimated $1.02B increase.
- Jennison Associates's biggest Q2 2019 reduction was Merck, cutting an estimated $883M.
- Jennison Associates fully exited Activision Blizzard in Q2 2019, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 32% of its $101B portfolio in Q2 2019.
- Jennison Associates opened 65 new positions and closed 50 in Q2 2019.
- Jennison Associates's portfolio value rose 0.01% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q2 2019, filed 6 Aug 2019.