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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.86% |
| 2 | Consumer Discretionary | 15.64% |
| 3 | Financials | 12.8% |
| 4 | Healthcare | 12.56% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WPZ
326
DELISTED
Williams Partners L.P.
WPZ
| $31.9M | 0.03% |
822,627
+131
| +0% | +$4.92K |
|
327
Wendy's
WEN
$1.39B
| $31.9M | 0.03% |
1,941,802
+18,756
| +1% | +$285K |
|
328
Enerpac Tool Group
EPAC
$1.78B
| $31.7M | 0.03% |
1,253,290
-13,843
| -1% | -$357K |
|
329
Edison International
EIX
$30.3B
| $31.2M | 0.03% |
493,240
-1,047,136
| -68% | -$79.9M |
|
|
RVNC
330
DELISTED
Revance Therapeutics, Inc.
RVNC
| $30.7M | 0.03% |
857,536
+480,008
| +127% | +$13.8M |
|
|
MCRN
331
DELISTED
Milacron Holdings Corp.
MCRN
| $30.2M | 0.03% |
+1,580,130
| New | +$28.2M |
|
|
PFPT
332
DELISTED
Proofpoint, Inc.
PFPT
| $30.1M | 0.03% |
339,341
-9,188
| -3% | -$834K |
|
|
ROIC
333
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $30.1M | 0.03% |
1,506,315
+164,712
| +12% | +$3.16M |
|
334
Alcoa
AA
$11.6B
| $29.9M | 0.03% |
554,685
-50,656
| -8% | -$2.32M |
|
335
Air Products & Chemicals
APD
$65.2B
| $29.9M | 0.03% |
182,099
+1,519
| +0.8% | +$242K |
|
|
NEWR
336
DELISTED
New Relic, Inc.
NEWR
| $29.7M | 0.03% |
514,293
-3,637
| -0.7% | -$198K |
|
|
IMMU
337
DELISTED
Immunomedics Inc
IMMU
| $29.6M | 0.03% |
1,830,914
+19,195
| +1% | +$227K |
|
338
BWX Technologies
BWXT
$16.2B
| $29.5M | 0.03% |
+487,818
| New | +$29.4M |
|
|
AAMI
339
Acadian Asset Management
AAMI
$2.95B
| $29.2M | 0.03% |
1,746,035
+841,789
| +93% | +$13.4M |
|
340
Intuit
INTU
$83.1B
| $28.9M | 0.03% |
183,204
-167,472
| -48% | -$25.5M |
|
341
Cheniere Energy
CQP
$30.5B
| $28.9M | 0.03% |
973,425
+2,496
| +0.3% | +$70.3K |
|
|
QVCGA
342
DELISTED
QVC Group Inc Series A
QVCGA
| $28.8M | 0.03% |
24,263
+233
| +1% | +$270K |
|
343
Newmont
NEM
$98.5B
| $28.6M | 0.03% |
761,569
-13,538
| -2% | -$498K |
|
|
344
Regeneron Pharmaceuticals
REGN
$69.9B
| $28.5M | 0.03% |
75,793
-1,123,954
| -94% | -$455M |
|
345
IPG Photonics
IPGP
$3.81B
| $28.4M | 0.03% |
132,474
-31,135
| -19% | -$6.61M |
|
|
TSRO
346
DELISTED
TESARO, Inc.
TSRO
| $28.1M | 0.03% |
338,919
+1,658
| +0.5% | +$163K |
|
347
Acadia Healthcare
ACHC
$2.99B
| $28M | 0.03% |
859,360
+52,473
| +7% | +$1.82M |
|
348
Valero Energy
VLO
$90.5B
| $27.9M | 0.03% |
304,006
-21,837
| -7% | -$1.8M |
|
349
Tenaris
TS
$28.5B
| $27.9M | 0.03% |
875,858
-57,751
| -6% | -$1.67M |
|
|
SYNH
350
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $27.8M | 0.03% |
638,193
-283,925
| -31% | -$13.3M |
|
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Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
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.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.