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 | |
|---|---|---|---|---|---|---|
301
Terex
TEX
$7.28B
| $40.2M | 0.04% |
1,071,708
+591,334
| +123% | +$20M |
|
302
AutoZone
AZO
$48.4B
| $39.8M | 0.04% |
69,815
-58,542
| -46% | -$38.1M |
|
303
Forum Energy Technologies
FET
$907M
| $39.7M | 0.04% |
127,259
+10
| +0% | +$3.44K |
|
|
KLXI
304
DELISTED
KLX Inc.
KLXI
| $39.6M | 0.04% |
+938,524
| New | +$38M |
|
305
Marathon Petroleum
MPC
$104B
| $39.1M | 0.04% |
747,899
-59,062
| -7% | -$3.05M |
|
|
PLYA
306
DELISTED
Playa Hotels & Resorts
PLYA
| $39.1M | 0.04% |
3,272,832
+318,523
| +11% | +$3.36M |
|
307
Antero Midstream
AM
$10.6B
| $38.6M | 0.04% |
+1,758,192
| New | +$38.1M |
|
308
Integra LifeSciences
IART
$1.31B
| $38M | 0.04% |
697,772
+76,548
| +12% | +$3.66M |
|
309
CALL
AstraZeneca
AZN
$252B
| $38M | 0.04% |
557,500
+207,500
| +59% | +$13.6M |
|
310
Criteo S.A.
CRTO
$855M
| $37.6M | 0.04% |
766,300
-60,665
| -7% | -$3.08M |
|
311
Agnico Eagle Mines
AEM
$104B
| $37.5M | 0.04% |
830,506
-66,151
| -7% | -$3.11M |
|
|
VRNT
312
DELISTED
Verint Systems
VRNT
| $36.8M | 0.04% |
1,775,967
-78,581
| -4% | -$1.62M |
|
313
TJX Companies
TJX
$149B
| $36.8M | 0.04% |
1,020,338
-66,030
| -6% | -$2.49M |
|
314
Marvell Technology
MRVL
$195B
| $36.7M | 0.04% |
+2,219,318
| New | +$35.9M |
|
|
CAA
315
DELISTED
CalAtlantic Group, Inc.
CAA
| $35.9M | 0.04% |
1,016,623
-323,336
| -24% | -$11.7M |
|
|
DBVT
316
DBV Technologies
DBVT
$851M
| $35.8M | 0.04% |
100,207
+46,434
| +86% | +$15.9M |
|
|
PGTI
317
DELISTED
PGT, Inc.
PGTI
| $35.1M | 0.04% |
2,744,075
+88,528
| +3% | +$1.01M |
|
318
Starbucks
SBUX
$123B
| $34.9M | 0.04% |
598,039
-265,642
| -31% | -$16.1M |
|
319
TechnipFMC
FTI
$29.7B
| $34.8M | 0.04% |
1,718,752
-138,577
| -7% | -$3.12M |
|
320
Lockheed Martin
LMT
$130B
| $33.9M | 0.04% |
122,154
-12,288
| -9% | -$3.38M |
|
321
Park Hotels & Resorts
PK
$3.19B
| $33.6M | 0.04% |
1,248,141
-18,702
| -1% | -$494K |
|
322
Honeywell
HON
$68.9B
| $33.6M | 0.04% |
278,856
+990
| +0.4% | +$117K |
|
323
Biogen
BIIB
$32.3B
| $33.6M | 0.04% |
123,698
-10,215
| -8% | -$2.7M |
|
324
Enerpac Tool Group
EPAC
$1.92B
| $33.4M | 0.04% |
1,359,694
+201,625
| +17% | +$5.17M |
|
325
Texas Roadhouse
TXRH
$13.1B
| $33.4M | 0.04% |
655,570
-22,568
| -3% | -$1.09M |
|
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.