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 | |
|---|---|---|---|---|---|---|
276
Steven Madden
SHOO
$3.37B
| $42.4M | 0.04% |
1,449,902
+1,432,109
| +8,049% | +$43.3M |
|
277
BP
BP
$116B
| $41.9M | 0.04% |
1,113,377
+229,361
| +26% | +$8.64M |
|
|
AGR
278
DELISTED
Avangrid, Inc.
AGR
| $41.8M | 0.04% |
817,523
| – | – |
|
|
VIAB
279
DELISTED
Viacom Inc. Class B
VIAB
| $41.6M | 0.04% |
1,340,742
-2,786
| -0.2% | -$90K |
|
|
CLR
280
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $41.2M | 0.04% |
698,764
-933,118
| -57% | -$50.3M |
|
281
CoStar Group
CSGP
$11.7B
| $41.1M | 0.04% |
1,131,900
-132,380
| -10% | -$4.56M |
|
282
Nektar Therapeutics
NKTR
$2.39B
| $40.9M | 0.04% |
25,665
+8,771
| +52% | +$11.3M |
|
283
Pebblebrook Hotel Trust
PEB
$2.15B
| $40.7M | 0.04% |
1,185,301
-12,371
| -1% | -$449K |
|
|
AET
284
DELISTED
Aetna Inc
AET
| $40.3M | 0.04% |
238,504
-136,030
| -36% | -$24.4M |
|
285
MSC Industrial Direct
MSM
$6.89B
| $40M | 0.04% |
436,704
+194,262
| +80% | +$17.9M |
|
286
CSX Corp
CSX
$93.4B
| $40M | 0.04% |
2,151,609
-17,283
| -0.8% | -$323K |
|
|
HRC
287
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $39.9M | 0.04% |
+459,077
| New | +$39.2M |
|
288
Lam Research
LRCX
$367B
| $39.5M | 0.04% |
1,946,120
-544,250
| -22% | -$10.8M |
|
289
Terex
TEX
$7.18B
| $39.5M | 0.04% |
1,054,706
+1,548
| +0.1% | +$67.2K |
|
290
JELD-WEN Holding
JELD
$122M
| $38.9M | 0.04% |
1,271,686
+6,602
| +0.5% | +$239K |
|
|
EXAS
291
DELISTED
Exact Sciences
EXAS
| $38.8M | 0.04% |
962,164
+443,575
| +86% | +$21.6M |
|
292
Keurig Dr Pepper
KDP
$42.3B
| $38.4M | 0.04% |
+324,194
| New | +$35.9M |
|
|
EPZM
293
DELISTED
Epizyme, Inc
EPZM
| $38.1M | 0.04% |
2,148,026
+272,498
| +15% | +$4.6M |
|
|
NEWR
294
DELISTED
New Relic, Inc.
NEWR
| $37.9M | 0.04% |
511,456
-2,837
| -0.6% | -$190K |
|
|
PFPT
295
DELISTED
Proofpoint, Inc.
PFPT
| $37.8M | 0.04% |
332,164
-7,177
| -2% | -$761K |
|
296
Texas Roadhouse
TXRH
$13.5B
| $37.6M | 0.04% |
650,314
-1,824
| -0.3% | -$105K |
|
297
Olin
OLN
$2.11B
| $37M | 0.04% |
1,217,553
-947,564
| -44% | -$32.3M |
|
|
CLVS
298
DELISTED
Clovis Oncology, Inc.
CLVS
| $36.8M | 0.04% |
697,576
+93,904
| +16% | +$5.48M |
|
|
SEMG
299
DELISTED
SEMGROUP CORPORATION
SEMG
| $36.6M | 0.04% |
1,708,323
-34,855
| -2% | -$897K |
|
300
Oracle
ORCL
$374B
| $36.5M | 0.04% |
797,868
-533,089
| -40% | -$26.5M |
|
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.