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 | |
|---|---|---|---|---|---|---|
|
AGN
276
DELISTED
Allergan plc
AGN
| $31.7M | 0.03% |
189,271
-575,118
| -75% | -$79.6M |
|
277
Elanco Animal Health
ELAN
$12.9B
| $31.4M | 0.03% |
928,340
+127,111
| +16% | +$4.13M |
|
278
MaxLinear
MXL
$5.37B
| $31.2M | 0.03% |
1,332,419
-60,379
| -4% | -$1.47M |
|
279
Fortive
FTV
$18.4B
| $31.2M | 0.03% |
606,274
-212,580
| -26% | -$11M |
|
|
EVBG
280
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $31M | 0.03% |
346,553
-14,386
| -4% | -$1.14M |
|
281
Domino's
DPZ
$11.7B
| $30.8M | 0.03% |
+110,617
| New | +$30.3M |
|
|
DNKN
282
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $30.7M | 0.03% |
385,820
-125,072
| -24% | -$9.51M |
|
283
Cardlytics
CDLX
$22.3M
| $30.7M | 0.03% |
118,167
-6,823
| -5% | -$1.37M |
|
284
Diamondback Energy
FANG
$55.5B
| $30.4M | 0.03% |
279,167
+118,989
| +74% | +$12.4M |
|
285
Advanced Micro Devices
AMD
$721B
| $30.3M | 0.03% |
997,756
+211,271
| +27% | +$6.03M |
|
286
Lockheed Martin
LMT
$133B
| $30.1M | 0.03% |
+82,753
| New | +$27.7M |
|
287
Agios Pharmaceuticals
AGIO
$2.11B
| $29.8M | 0.03% |
597,839
+212,949
| +55% | +$11.4M |
|
288
Monro
MNRO
$491M
| $29.2M | 0.03% |
342,390
+49,411
| +17% | +$4.12M |
|
289
Weyerhaeuser
WY
$17.6B
| $28.9M | 0.03% |
+1,097,935
| New | +$27.9M |
|
|
BAND
290
Bandwidth Inc
BAND
$1.17B
| $28.8M | 0.03% |
383,926
-17,575
| -4% | -$1.28M |
|
|
INN
291
Summit Hotel Properties
INN
$757M
| $28.8M | 0.03% |
2,508,123
-140,788
| -5% | -$1.66M |
|
292
Adicet Bio
ACET
$77.4M
| $28.7M | 0.03% |
25,139
-474
| -2% | -$430K |
|
|
NSA
293
DELISTED
National Storage Affiliates Trust
NSA
| $28.7M | 0.03% |
991,750
+28,036
| +3% | +$821K |
|
|
PRAH
294
DELISTED
PRA Health Sciences, Inc.
PRAH
| $28.3M | 0.03% |
285,549
-405,443
| -59% | -$38.7M |
|
295
Keurig Dr Pepper
KDP
$42.7B
| $27.7M | 0.03% |
957,104
+93,636
| +11% | +$2.67M |
|
296
Emergent Biosolutions
EBS
$374M
| $27.2M | 0.03% |
562,121
+372,857
| +197% | +$17.9M |
|
297
Lazard
LAZ
$4.07B
| $26.7M | 0.03% |
775,338
-52,863
| -6% | -$1.89M |
|
298
Varonis Systems
VRNS
$4.68B
| $26.6M | 0.03% |
1,288,803
-439,227
| -25% | -$9.44M |
|
299
Adecoagro
AGRO
$1.43B
| $26.5M | 0.03% |
3,712,315
-1,772,491
| -32% | -$12.1M |
|
300
First Bancorp
FBNC
$2.64B
| $26.4M | 0.03% |
725,860
+125,303
| +21% | +$4.58M |
|
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.