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 |
Merck
MRK
|
+$891M |
| 2 |
Union Pacific
UNP
|
+$622M |
| 3 |
Salesforce
CRM
|
+$418M |
| 4 |
Edwards Lifesciences
EW
|
+$405M |
| 5 |
lululemon athletica
LULU
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$680M |
| 2 |
Texas Instruments
TXN
|
+$585M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$571M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$558M |
| 5 |
Parker-Hannifin
PH
|
+$556M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.09% |
| 2 | Healthcare | 17.49% |
| 3 | Consumer Discretionary | 17.05% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Byline Bancorp
BY
$1.78B
| $27.7M | 0.03% |
1,663,148
+11,332
| +0.7% | +$229K |
|
302
Cogent Communications
CCOI
$663M
| $27.6M | 0.03% |
611,378
-766,714
| -56% | -$37.9M |
|
|
VIAB
303
DELISTED
Viacom Inc. Class B
VIAB
| $27.4M | 0.03% |
1,067,808
-156,549
| -13% | -$4.82M |
|
304
Aptiv
APTV
$12.3B
| $27.4M | 0.03% |
444,862
-157,400
| -26% | -$11.4M |
|
305
Atlantic Union Bankshares
AUB
$6B
| $27.3M | 0.03% |
965,537
+107,843
| +13% | +$3.63M |
|
306
Eagle Bancorp
EGBN
$838M
| $27.1M | 0.03% |
555,898
-615,531
| -53% | -$31.3M |
|
|
NSA
307
DELISTED
National Storage Affiliates Trust
NSA
| $26.6M | 0.03% |
1,005,575
+157,988
| +19% | +$4.23M |
|
|
GRUB
308
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $26.4M | 0.03% |
171,856
+43,024
| +33% | +$8.07M |
|
|
MB
309
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $26.2M | 0.03% |
720,713
+7,898
| +1% | +$240K |
|
310
IDEX
IEX
$17.3B
| $26.2M | 0.03% |
+207,694
| New | +$27.8M |
|
311
Glaukos
GKOS
$9.9B
| $26.2M | 0.03% |
465,793
+39,904
| +9% | +$2.4M |
|
312
Ligand Pharmaceuticals
LGND
$5.94B
| $26.1M | 0.03% |
+308,044
| New | +$32.8M |
|
313
Delta Air Lines
DAL
$58.3B
| $26.1M | 0.03% |
522,154
-208,781
| -29% | -$11.4M |
|
314
Marathon Petroleum
MPC
$91.7B
| $26M | 0.03% |
440,767
+156,637
| +55% | +$10.7M |
|
|
INN
315
Summit Hotel Properties
INN
$748M
| $26M | 0.03% |
2,672,353
+45,558
| +2% | +$516K |
|
316
Thermo Fisher Scientific
TMO
$214B
| $25.8M | 0.03% |
115,180
-43,544
| -27% | -$10.2M |
|
317
PVH
PVH
$4.01B
| $25.5M | 0.03% |
274,709
+45,722
| +20% | +$5.23M |
|
318
MaxLinear
MXL
$6.07B
| $25.4M | 0.03% |
1,441,449
+21,774
| +2% | +$399K |
|
|
GOLD
319
DELISTED
Randgold Resources Ltd
GOLD
| $25.1M | 0.03% |
292,967
+32,669
| +13% | +$2.64M |
|
|
BRSL
320
Brightstar Lottery PLC
BRSL
$1.87B
| $24.8M | 0.03% |
1,695,177
-204,914
| -11% | -$3.39M |
|
|
KYNB
321
Kyntra Bio
KYNB
$27.5M
| $24.6M | 0.03% |
21,263
+120
| +0.6% | +$135K |
|
322
Graphic Packaging
GPK
$3.24B
| $24.5M | 0.03% |
2,303,246
+257,356
| +13% | +$3.01M |
|
323
CSX Corp
CSX
$93B
| $24.3M | 0.03% |
1,174,728
-1,589,961
| -58% | -$36.6M |
|
|
PGTI
324
DELISTED
PGT, Inc.
PGTI
| $24.1M | 0.03% |
1,517,798
+22,850
| +2% | +$442K |
|
|
HMHC
325
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $23.9M | 0.03% |
2,697,060
-139,669
| -5% | -$1.1M |
|
Similar funds
Jennison Associates's Q4 2018 Portfolio in Review
As of Q4 2018, Jennison Associates held 753 positions worth $89.4B, down 18% from $109B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q4 2018 filing shows 95 new, 255 increased, 283 reduced and 113 closed positions. Its largest new stake was lululemon athletica: 2,588,881 shares worth $315M. The largest sale was Caterpillar, an estimated $680M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Jennison Associates's largest Q4 2018 buy was lululemon athletica: 2,588,881 shares worth $315M.
- Jennison Associates added most to Merck in Q4 2018, an estimated $891M increase.
- Jennison Associates's biggest Q4 2018 reduction was Caterpillar, cutting an estimated $680M.
- Jennison Associates fully exited Tiffany & Co. in Q4 2018, selling an estimated $151M.
- Jennison Associates's ten largest holdings make up 30% of its $89.4B portfolio in Q4 2018.
- Jennison Associates opened 95 new positions and closed 113 in Q4 2018.
- Jennison Associates's portfolio value fell 18% quarter-over-quarter to $89.4B.
Based on Jennison Associates's 13F filing for Q4 2018, filed 6 Feb 2019.