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 | |
|---|---|---|---|---|---|---|
|
PINC
301
DELISTED
Premier
PINC
| $36.4M | 0.04% |
1,161,502
+11,034
| +1% | +$356K |
|
302
MPLX
MPLX
$59.3B
| $36.3M | 0.04% |
1,098,413
+61,613
| +6% | +$2.21M |
|
|
INN
303
Summit Hotel Properties
INN
$746M
| $36.2M | 0.04% |
2,660,772
+1,585,288
| +147% | +$22.7M |
|
304
Royal Caribbean
RCL
$85.1B
| $36.2M | 0.04% |
+307,454
| New | +$38.8M |
|
305
Delta Air Lines
DAL
$57.5B
| $36M | 0.04% |
+657,522
| New | +$36.3M |
|
|
GWR
306
DELISTED
Genesee & Wyoming Inc.
GWR
| $36M | 0.04% |
508,468
-3,483
| -0.7% | -$263K |
|
|
DLPH
307
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $35.9M | 0.04% |
754,096
+25,187
| +3% | +$1.31M |
|
|
ADSW
308
DELISTED
Advanced Disposal Services Inc
ADSW
| $35.6M | 0.04% |
1,595,784
-210,282
| -12% | -$4.88M |
|
|
NSA
309
DELISTED
National Storage Affiliates Trust
NSA
| $35.3M | 0.04% |
1,407,348
-327,369
| -19% | -$8.25M |
|
310
Cheniere Energy
CQP
$31.9B
| $35.3M | 0.04% |
1,212,534
+239,109
| +25% | +$7.16M |
|
|
VR
311
DELISTED
Validus Hold Ltd
VR
| $35.1M | 0.03% |
519,661
-449,754
| -46% | -$28.3M |
|
312
Lockheed Martin
LMT
$134B
| $35M | 0.03% |
103,588
-996
| -1% | -$339K |
|
313
Stanley Black & Decker
SWK
$14.3B
| $34.9M | 0.03% |
+227,976
| New | +$37M |
|
|
PRTY
314
DELISTED
Party City Holdco Inc.
PRTY
| $34.7M | 0.03% |
2,223,715
+272,311
| +14% | +$4.12M |
|
315
Wells Fargo
WFC
$261B
| $34.5M | 0.03% |
658,939
+53,780
| +9% | +$3.19M |
|
|
MCRN
316
DELISTED
Milacron Holdings Corp.
MCRN
| $34.1M | 0.03% |
1,691,376
+111,246
| +7% | +$2.2M |
|
317
Azenta
AZTA
$1.3B
| $33.8M | 0.03% |
1,248,456
+856,309
| +218% | +$23.3M |
|
|
DBVT
318
DBV Technologies
DBVT
$799M
| $33.7M | 0.03% |
146,021
+48,630
| +50% | +$11.5M |
|
319
Wendy's
WEN
$1.4B
| $33.7M | 0.03% |
1,918,677
-23,125
| -1% | -$384K |
|
320
Schneider National
SNDR
$6.26B
| $33.6M | 0.03% |
1,288,479
+47,577
| +4% | +$1.31M |
|
|
VRNT
321
DELISTED
Verint Systems
VRNT
| $33.5M | 0.03% |
1,543,212
-397,632
| -20% | -$8.18M |
|
322
Teradata
TDC
$2.92B
| $33.3M | 0.03% |
840,517
+198,461
| +31% | +$7.82M |
|
323
Puma Biotechnology
PBYI
$404M
| $33M | 0.03% |
+485,545
| New | +$36.4M |
|
324
Neurocrine Biosciences
NBIX
$16.8B
| $32.6M | 0.03% |
392,535
+67,112
| +21% | +$5.67M |
|
|
PLYA
325
DELISTED
Playa Hotels & Resorts
PLYA
| $32.5M | 0.03% |
3,179,169
-24,506
| -0.8% | -$256K |
|
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.