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
|
+$774M |
| 2 |
Intuitive Surgical
ISRG
|
+$654M |
| 3 |
S&P Global
SPGI
|
+$464M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$326M |
| 5 |
CELG
Celgene Corp
CELG
|
+$243M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$591M |
| 2 |
Broadcom
AVGO
|
+$550M |
| 3 |
Monster Beverage
MNST
|
+$408M |
| 4 |
Booking.com
BKNG
|
+$377M |
| 5 |
McDonald's
MCD
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.27% |
| 2 | Consumer Discretionary | 16.23% |
| 3 | Healthcare | 15.49% |
| 4 | Financials | 12.97% |
| 5 | Communication Services | 11.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRSL
301
Brightstar Lottery PLC
BRSL
$1.87B
| $37.5M | 0.03% |
1,900,091
+334,822
| +21% | +$7.3M |
|
302
Byline Bancorp
BY
$1.78B
| $37.5M | 0.03% |
1,651,816
+255,626
| +18% | +$5.87M |
|
303
DXC Technology
DXC
$1.82B
| $37.3M | 0.03% |
398,740
-670,229
| -63% | -$59.3M |
|
|
HUD
304
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $37M | 0.03% |
1,639,861
+477,153
| +41% | +$9.25M |
|
|
ROIC
305
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $36.1M | 0.03% |
1,932,952
-8,121
| -0.4% | -$155K |
|
|
CBLK
306
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $36.1M | 0.03% |
1,702,909
+922,554
| +118% | +$21.7M |
|
|
SAVE
307
DELISTED
Spirit Airlines, Inc.
SAVE
| $36M | 0.03% |
765,435
-603,142
| -44% | -$26.7M |
|
308
Plains All American Pipeline
PAA
$17.5B
| $35.9M | 0.03% |
1,434,791
+98,308
| +7% | +$2.47M |
|
|
VRNT
309
DELISTED
Verint Systems
VRNT
| $35.9M | 0.03% |
1,405,537
-123,528
| -8% | -$3M |
|
|
NEWR
310
DELISTED
New Relic, Inc.
NEWR
| $35.8M | 0.03% |
380,422
-37,970
| -9% | -$3.93M |
|
|
GRUB
311
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $35.7M | 0.03% |
128,832
+11,989
| +10% | +$3.09M |
|
|
EVOP
312
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $35.6M | 0.03% |
1,487,807
+2,317
| +0.2% | +$52.8K |
|
|
INN
313
Summit Hotel Properties
INN
$748M
| $35.5M | 0.03% |
2,626,795
-25,456
| -1% | -$351K |
|
314
Verisk Analytics
VRSK
$26.1B
| $35.3M | 0.03% |
292,551
+64,280
| +28% | +$7.48M |
|
315
Lam Research
LRCX
$372B
| $34.5M | 0.03% |
2,273,260
+103,290
| +5% | +$1.76M |
|
316
Stanley Black & Decker
SWK
$14.9B
| $34.2M | 0.03% |
233,873
-26,785
| -10% | -$3.81M |
|
317
BlackBerry
BB
$4.95B
| $33.4M | 0.03% |
2,939,285
-211,242
| -7% | -$2.16M |
|
318
CoreCivic
CXW
$2.95B
| $33.4M | 0.03% |
1,374,587
-144,063
| -9% | -$3.6M |
|
319
United Parks & Resorts
PRKS
$2.15B
| $33.1M | 0.03% |
1,053,270
-571,482
| -35% | -$14.9M |
|
320
Monolithic Power Systems
MPWR
$64.7B
| $33.1M | 0.03% |
263,476
+140,649
| +115% | +$19.6M |
|
321
PVH
PVH
$4.01B
| $33.1M | 0.03% |
+228,987
| New | +$33.9M |
|
322
Atlantic Union Bankshares
AUB
$6B
| $33M | 0.03% |
857,694
+621,560
| +263% | +$25.3M |
|
323
Adicet Bio
ACET
$84.7M
| $32.6M | 0.03% |
19,234
+9,392
| +95% | +$12.2M |
|
|
PGTI
324
DELISTED
PGT, Inc.
PGTI
| $32.3M | 0.03% |
1,494,948
+221,377
| +17% | +$5.17M |
|
|
FCE.A
325
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $32.2M | 0.03% |
1,282,070
-1,041,346
| -45% | -$25.4M |
|
Similar funds
Jennison Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Jennison Associates held 739 positions worth $109B, up 5.9% from $103B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q3 2018 filing shows 86 new, 214 increased, 352 reduced and 81 closed positions. Its largest new stake was Tiffany & Co.: 1,169,094 shares worth $151M. The largest sale was FedEx, an estimated $591M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2018 buy was Tiffany & Co.: 1,169,094 shares worth $151M.
- Jennison Associates added most to AstraZeneca in Q3 2018, an estimated $774M increase.
- Jennison Associates's biggest Q3 2018 reduction was FedEx, cutting an estimated $591M.
- Jennison Associates fully exited Cheniere Energy Partners LP Holdings LLC in Q3 2018, selling an estimated $134M.
- Jennison Associates's ten largest holdings make up 30% of its $109B portfolio in Q3 2018.
- Jennison Associates opened 86 new positions and closed 81 in Q3 2018.
- Jennison Associates's portfolio value rose 5.9% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q3 2018, filed 8 Nov 2018.