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 |
AstraZeneca
AZN
|
+$693M |
| 2 |
Constellation Brands
STZ
|
+$368M |
| 3 |
Tesla
TSLA
|
+$332M |
| 4 |
NVIDIA
NVDA
|
+$300M |
| 5 |
Booking.com
BKNG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$821M |
| 2 |
Netflix
NFLX
|
+$777M |
| 3 |
AbbVie
ABBV
|
+$583M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$477M |
| 5 |
FedEx
FDX
|
+$456M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.07% |
| 2 | Consumer Discretionary | 17.72% |
| 3 | Financials | 13.25% |
| 4 | Healthcare | 11.94% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
GrafTech
EAF
$200M
| $38.8M | 0.04% |
+215,710
| New | +$39.4M |
|
|
BRKL
302
DELISTED
Brookline Bancorp
BRKL
| $38.6M | 0.04% |
2,076,907
+213,297
| +11% | +$3.74M |
|
303
Devon Energy
DVN
$49.2B
| $38.3M | 0.04% |
871,292
-28,650
| -3% | -$1.11M |
|
|
INN
304
Summit Hotel Properties
INN
$743M
| $38M | 0.04% |
2,652,251
-8,521
| -0.3% | -$124K |
|
305
Procter & Gamble
PG
$347B
| $37.8M | 0.04% |
484,625
-500,942
| -51% | -$37.7M |
|
306
Trade Desk
TTD
$8.89B
| $37.5M | 0.04% |
+4,001,440
| New | +$28.2M |
|
307
Lam Research
LRCX
$337B
| $37.5M | 0.04% |
2,169,970
+223,850
| +12% | +$4.31M |
|
308
Bright Horizons
BFAM
$4.24B
| $37.3M | 0.04% |
+363,339
| New | +$36.5M |
|
|
ROIC
309
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $37.2M | 0.04% |
1,941,073
+533,286
| +38% | +$9.48M |
|
310
MPLX
MPLX
$60.1B
| $37.2M | 0.04% |
1,088,491
-9,922
| -0.9% | -$345K |
|
311
MSC Industrial Direct
MSM
$6.97B
| $37.1M | 0.04% |
436,704
| – | – |
|
312
Align Technology
ALGN
$12.6B
| $36.9M | 0.04% |
107,824
-129,235
| -55% | -$38.6M |
|
|
WPZ
313
DELISTED
Williams Partners L.P.
WPZ
| $36.8M | 0.04% |
906,916
+7,116
| +0.8% | +$271K |
|
|
BRSL
314
Brightstar Lottery PLC
BRSL
$1.92B
| $36.4M | 0.04% |
1,565,269
-832,377
| -35% | -$22.2M |
|
315
ProPetro Holding
PUMP
$1.31B
| $36.3M | 0.04% |
2,315,946
+1,016,529
| +78% | +$17.5M |
|
316
CoreCivic
CXW
$3.03B
| $36.3M | 0.04% |
1,518,650
+358,067
| +31% | +$7.56M |
|
317
Aramark
ARMK
$15.1B
| $35.8M | 0.03% |
1,336,000
-915,518
| -41% | -$25.3M |
|
318
United Parks & Resorts
PRKS
$2.21B
| $35.5M | 0.03% |
1,624,752
-22,961
| -1% | -$407K |
|
319
JELD-WEN Holding
JELD
$98.2M
| $35.4M | 0.03% |
1,239,357
-32,329
| -3% | -$937K |
|
320
Universal Health Services
UHS
$10.1B
| $35.1M | 0.03% |
315,420
-105,450
| -25% | -$12.4M |
|
321
Renasant Corp
RNST
$4.05B
| $35.1M | 0.03% |
770,628
+110,747
| +17% | +$5.15M |
|
322
Stanley Black & Decker
SWK
$14.6B
| $34.6M | 0.03% |
260,658
+32,682
| +14% | +$4.7M |
|
|
VRNT
323
DELISTED
Verint Systems
VRNT
| $34.5M | 0.03% |
1,529,065
-14,147
| -0.9% | -$308K |
|
324
Enterprise Products Partners
EPD
$83.6B
| $34.3M | 0.03% |
1,238,341
+269,814
| +28% | +$7.38M |
|
|
PLYA
325
DELISTED
Playa Hotels & Resorts
PLYA
| $33.8M | 0.03% |
3,132,285
-46,884
| -1% | -$500K |
|
Similar funds
Jennison Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Jennison Associates held 740 positions worth $103B, up 2% from $101B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q2 2018, closing 87 positions and reducing 296 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $152M 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 Financials.
Against the trend, Jennison Associates opened a new position in AstraZeneca worth $677M.
- Jennison Associates's largest Q2 2018 buy was AstraZeneca: 9,637,084 shares worth $677M.
- Jennison Associates added most to Constellation Brands in Q2 2018, an estimated $368M increase.
- Jennison Associates's biggest Q2 2018 reduction was Charter Communications, cutting an estimated $821M.
- Jennison Associates fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $152M.
- Jennison Associates's ten largest holdings make up 29% of its $103B portfolio in Q2 2018.
- Jennison Associates opened 89 new positions and closed 87 in Q2 2018.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $103B.
Based on Jennison Associates's 13F filing for Q2 2018, filed 2 Aug 2018.