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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.86% |
| 2 | Consumer Discretionary | 15.64% |
| 3 | Financials | 12.8% |
| 4 | Healthcare | 12.56% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
CoStar Group
CSGP
$11.9B
| $37.5M | 0.04% |
1,264,280
+562,170
| +80% | +$16.5M |
|
302
MPLX
MPLX
$59.2B
| $36.8M | 0.04% |
1,036,800
+67,355
| +7% | +$2.37M |
|
303
Wells Fargo
WFC
$264B
| $36.7M | 0.04% |
605,159
-567,543
| -48% | -$32.1M |
|
|
AQUA
304
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $36.6M | 0.04% |
+1,545,513
| New | +$34.1M |
|
305
MACOM Technology Solutions
MTSI
$20.1B
| $36.4M | 0.04% |
1,119,025
-1,021,808
| -48% | -$37M |
|
306
Moelis & Co
MC
$5.04B
| $36.4M | 0.04% |
750,764
+52,521
| +8% | +$2.37M |
|
307
Schneider National
SNDR
$6.44B
| $35.4M | 0.04% |
1,240,902
-313,164
| -20% | -$8.11M |
|
308
West Pharmaceutical
WST
$23.3B
| $34.9M | 0.03% |
354,164
-313,859
| -47% | -$30.8M |
|
309
TechnipFMC
FTI
$29.9B
| $34.7M | 0.03% |
1,490,343
-110,377
| -7% | -$2.28M |
|
|
X
310
DELISTED
US Steel
X
| $34.7M | 0.03% |
986,622
-30,128
| -3% | -$876K |
|
|
PLYA
311
DELISTED
Playa Hotels & Resorts
PLYA
| $34.6M | 0.03% |
3,203,675
+30,872
| +1% | +$329K |
|
312
Texas Roadhouse
TXRH
$13.2B
| $34.4M | 0.03% |
652,138
+1,290
| +0.2% | +$65.2K |
|
|
CSRA
313
DELISTED
CSRA Inc.
CSRA
| $34.3M | 0.03% |
1,145,856
+196,304
| +21% | +$5.93M |
|
|
VSM
314
DELISTED
Versum Materials, Inc.
VSM
| $34.2M | 0.03% |
904,327
-229,727
| -20% | -$8.96M |
|
315
BP
BP
$109B
| $34M | 0.03% |
884,016
+571,507
| +183% | +$20.7M |
|
|
PINC
316
DELISTED
Premier
PINC
| $33.6M | 0.03% |
1,150,468
+227,285
| +25% | +$7M |
|
317
Lockheed Martin
LMT
$134B
| $33.6M | 0.03% |
104,584
-23,945
| -19% | -$7.55M |
|
318
Coca-Cola
KO
$362B
| $33.5M | 0.03% |
730,427
+5,694
| +0.8% | +$262K |
|
319
Agnico Eagle Mines
AEM
$73B
| $33.3M | 0.03% |
721,523
-59,964
| -8% | -$2.68M |
|
320
Owens Corning
OC
$11.6B
| $33.1M | 0.03% |
359,815
-186,098
| -34% | -$15.7M |
|
321
Thermo Fisher Scientific
TMO
$208B
| $32.7M | 0.03% |
172,212
-1,498
| -0.9% | -$287K |
|
322
Columbia Banking Systems
COLB
$8.74B
| $32.7M | 0.03% |
752,238
-335,303
| -31% | -$14.6M |
|
323
Steel Dynamics
STLD
$36.1B
| $32.2M | 0.03% |
745,707
-65,565
| -8% | -$2.52M |
|
|
TXNM
324
TXNM Energy Inc
TXNM
$6.44B
| $32M | 0.03% |
790,625
-545,081
| -41% | -$23.4M |
|
325
PG&E
PCG
$47.2B
| $32M | 0.03% |
712,926
-4,807,923
| -87% | -$269M |
|
Similar funds
Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
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.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.