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 |
Qualcomm
QCOM
|
+$1.02B |
| 2 |
Walt Disney
DIS
|
+$913M |
| 3 |
lululemon athletica
LULU
|
+$435M |
| 4 |
ServiceNow
NOW
|
+$382M |
| 5 |
Twilio
TWLO
|
+$336M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$883M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$656M |
| 3 |
UnitedHealth
UNH
|
+$601M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$543M |
| 5 |
AstraZeneca
AZN
|
+$375M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.85% |
| 2 | Consumer Discretionary | 16.27% |
| 3 | Healthcare | 15.33% |
| 4 | Financials | 12.45% |
| 5 | Communication Services | 12.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Delta Air Lines
DAL
$57.6B
| $26.3M | 0.03% |
463,509
-109,910
| -19% | -$6.16M |
|
|
WAGE
302
DELISTED
WageWorks, Inc.
WAGE
| $26.2M | 0.03% |
+515,132
| New | +$24.4M |
|
303
ProQR Therapeutics
PRQR
$248M
| $25.9M | 0.03% |
2,848,928
-39,665
| -1% | -$468K |
|
304
PENN Entertainment
PENN
$2.84B
| $25.6M | 0.03% |
1,329,586
+250,143
| +23% | +$5.08M |
|
305
Cheniere Energy
CQP
$31.4B
| $25.5M | 0.03% |
604,893
-666,026
| -52% | -$28.3M |
|
306
MGP Ingredients
MGPI
$430M
| $25.4M | 0.03% |
382,700
+37,416
| +11% | +$2.63M |
|
|
MCRN
307
DELISTED
Milacron Holdings Corp.
MCRN
| $25.4M | 0.03% |
1,837,007
-94,862
| -5% | -$1.27M |
|
308
Prologis
PLD
$135B
| $25.3M | 0.03% |
+315,532
| New | +$24M |
|
|
SRE.PRA
309
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $25.2M | 0.03% |
225,910
+32,569
| +17% | +$3.55M |
|
310
Wingstop
WING
$3.81B
| $25.2M | 0.03% |
265,519
-88,980
| -25% | -$7.25M |
|
311
American Express
AXP
$226B
| $25M | 0.02% |
202,483
+46,480
| +30% | +$5.46M |
|
312
Independence Realty Trust
IRT
$3.95B
| $24.8M | 0.02% |
2,146,236
-72,184
| -3% | -$792K |
|
313
Aptiv
APTV
$12.6B
| $24.7M | 0.02% |
305,193
-26,545
| -8% | -$2.1M |
|
314
Tractor Supply
TSCO
$16.5B
| $24.6M | 0.02% |
1,130,855
-501,830
| -31% | -$10.4M |
|
315
Mettler-Toledo International
MTD
$28.5B
| $24.4M | 0.02% |
29,045
-2,557
| -8% | -$1.93M |
|
316
Morgan Stanley
MS
$325B
| $24.3M | 0.02% |
554,366
-78,695
| -12% | -$3.51M |
|
|
COUP
317
DELISTED
Coupa Software Incorporated
COUP
| $24.2M | 0.02% |
191,240
-16,431
| -8% | -$1.76M |
|
318
Ligand Pharmaceuticals
LGND
$5.96B
| $24M | 0.02% |
337,154
-18,807
| -5% | -$1.39M |
|
|
AERI
319
DELISTED
Aerie Pharmaceuticals
AERI
| $23.7M | 0.02% |
800,808
-544,191
| -40% | -$21M |
|
320
JB Hunt Transport Services
JBHT
$25.6B
| $23.6M | 0.02% |
257,827
-22,324
| -8% | -$2.11M |
|
321
Graphic Packaging
GPK
$3.36B
| $23.5M | 0.02% |
1,678,741
-622,114
| -27% | -$8.34M |
|
|
APLS
322
DELISTED
Apellis Pharmaceuticals
APLS
| $23.4M | 0.02% |
923,244
+335,863
| +57% | +$6.83M |
|
|
BOLD
323
DELISTED
Audentes Therapeutics, Inc
BOLD
| $23.3M | 0.02% |
615,378
-731,592
| -54% | -$28.1M |
|
|
ZEN
324
DELISTED
ZENDESK INC
ZEN
| $23.3M | 0.02% |
261,147
-174,900
| -40% | -$15M |
|
325
Goosehead Insurance
GSHD
$1.65B
| $23.2M | 0.02% |
485,295
-103,740
| -18% | -$3.61M |
|
Similar funds
Jennison Associates's Q2 2019 Portfolio in Review
As of Q2 2019, Jennison Associates held 692 positions worth $101B, up 0.01% from $101B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2019, closing 50 positions and reducing 376 holdings. Its most notable exit was Activision Blizzard, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Uber worth $323M.
- Jennison Associates's largest Q2 2019 buy was Uber: 6,953,868 shares worth $323M.
- Jennison Associates added most to Qualcomm in Q2 2019, an estimated $1.02B increase.
- Jennison Associates's biggest Q2 2019 reduction was Merck, cutting an estimated $883M.
- Jennison Associates fully exited Activision Blizzard in Q2 2019, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 32% of its $101B portfolio in Q2 2019.
- Jennison Associates opened 65 new positions and closed 50 in Q2 2019.
- Jennison Associates's portfolio value rose 0.01% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q2 2019, filed 6 Aug 2019.