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 | |
|---|---|---|---|---|---|---|
276
MGM Resorts International
MGM
$10.6B
| $45.3M | 0.05% |
1,447,957
-376,394
| -21% | -$11.6M |
|
|
TSRO
277
DELISTED
TESARO, Inc.
TSRO
| $45M | 0.05% |
321,624
+81,405
| +34% | +$11.8M |
|
278
US Foods
USFD
$23.2B
| $45M | 0.05% |
+1,652,114
| New | +$47M |
|
279
Pebblebrook Hotel Trust
PEB
$2.09B
| $44.8M | 0.05% |
1,388,023
-18,285
| -1% | -$570K |
|
|
PXD
280
DELISTED
Pioneer Natural Resource Co.
PXD
| $44.6M | 0.05% |
279,608
-21,971
| -7% | -$3.76M |
|
|
SYNH
281
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $44.2M | 0.05% |
756,325
-111,352
| -13% | -$5.79M |
|
|
ARCH
282
DELISTED
Arch Resources, Inc.
ARCH
| $43.9M | 0.05% |
643,021
+184,085
| +40% | +$12.9M |
|
283
Darling Ingredients
DAR
$10.1B
| $43.5M | 0.05% |
2,766,612
-90,060
| -3% | -$1.39M |
|
284
Acadia Healthcare
ACHC
$2.66B
| $43.1M | 0.05% |
873,553
-11,563
| -1% | -$512K |
|
285
Copart
CPRT
$30.5B
| $43.1M | 0.05% |
5,425,440
-205,392
| -4% | -$1.57M |
|
|
XEC
286
DELISTED
CIMAREX ENERGY CO
XEC
| $43M | 0.05% |
457,856
-4,138
| -0.9% | -$456K |
|
|
GOLD
287
DELISTED
Randgold Resources Ltd
GOLD
| $42.8M | 0.05% |
483,863
-38,882
| -7% | -$3.56M |
|
288
Cheniere Energy
CQP
$33.4B
| $42.5M | 0.05% |
1,311,553
+96,526
| +8% | +$3.08M |
|
289
ProPetro Holding
PUMP
$1.35B
| $42.2M | 0.04% |
3,021,407
-718,792
| -19% | -$9.66M |
|
290
Pembina Pipeline
PBA
$27.9B
| $42.1M | 0.04% |
1,271,009
+1,059,961
| +502% | +$34.3M |
|
|
GNMK
291
DELISTED
GenMark Diagnostics, Inc
GNMK
| $41.9M | 0.04% |
3,541,747
+443,005
| +14% | +$5.66M |
|
|
CLR
292
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $41.3M | 0.04% |
1,277,490
+160,899
| +14% | +$6.37M |
|
293
Carlisle Companies
CSL
$14.2B
| $41M | 0.04% |
429,318
-10,789
| -2% | -$1.09M |
|
294
Clorox
CLX
$12.4B
| $40.9M | 0.04% |
306,700
-4,936
| -2% | -$666K |
|
295
West Pharmaceutical
WST
$23.7B
| $40.8M | 0.04% |
432,001
-44,310
| -9% | -$4.08M |
|
296
Mohawk Industries
MHK
$8.8B
| $40.8M | 0.04% |
+168,906
| New | +$39.9M |
|
297
Thermo Fisher Scientific
TMO
$230B
| $40.6M | 0.04% |
232,718
+476
| +0.2% | +$80K |
|
|
MYCC
298
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $40.6M | 0.04% |
3,096,886
+73,990
| +2% | +$1.01M |
|
299
General Dynamics
GD
$103B
| $40.4M | 0.04% |
204,058
-6,814
| -3% | -$1.33M |
|
300
Assembly Biosciences
ASMB
$694M
| $40.3M | 0.04% |
162,783
-5,178
| -3% | -$1.46M |
|
Similar funds
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.