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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Consumer Discretionary | 16.55% |
| 3 | Financials | 13.82% |
| 4 | Healthcare | 12.55% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Southern Copper
SCCO
$143B
| $32.3M | 0.03% |
643,043
-223,958
| -26% | -$10.6M |
|
327
Clorox
CLX
$11.6B
| $32.2M | 0.03% |
242,033
-66,260
| -21% | -$8.9M |
|
328
Cactus
WHD
$5.21B
| $32.1M | 0.03% |
+1,192,640
| New | +$30M |
|
|
ZEN
329
DELISTED
ZENDESK INC
ZEN
| $31.7M | 0.03% |
661,829
+7,250
| +1% | +$301K |
|
|
WPZ
330
DELISTED
Williams Partners L.P.
WPZ
| $31M | 0.03% |
899,800
+77,173
| +9% | +$3.01M |
|
|
IMMU
331
DELISTED
Immunomedics Inc
IMMU
| $30.8M | 0.03% |
2,110,377
+279,463
| +15% | +$4.57M |
|
332
Regeneron Pharmaceuticals
REGN
$78.5B
| $30.6M | 0.03% |
88,815
+13,022
| +17% | +$4.53M |
|
333
Fortis
FTS
$29B
| $30.4M | 0.03% |
900,532
-952,645
| -51% | -$32.3M |
|
|
VVC
334
DELISTED
Vectren Corporation
VVC
| $30.3M | 0.03% |
+474,527
| New | +$29.3M |
|
335
Duke Energy
DUK
$97.8B
| $30.3M | 0.03% |
+391,524
| New | +$30.3M |
|
336
BHP
BHP
$215B
| $30.2M | 0.03% |
763,061
-178,961
| -19% | -$7.53M |
|
|
BRKL
337
DELISTED
Brookline Bancorp
BRKL
| $30.2M | 0.03% |
1,863,610
+332,638
| +22% | +$5.44M |
|
|
BOLD
338
DELISTED
Audentes Therapeutics, Inc
BOLD
| $30.1M | 0.03% |
1,002,679
+148,857
| +17% | +$5.04M |
|
339
Thermo Fisher Scientific
TMO
$213B
| $30M | 0.03% |
145,191
-27,021
| -16% | -$5.67M |
|
340
Ameris Bancorp
ABCB
$5.85B
| $29.3M | 0.03% |
553,872
+528,492
| +2,082% | +$28.4M |
|
|
QVCGA
341
DELISTED
QVC Group Inc Series A
QVCGA
| $29.3M | 0.03% |
23,975
-288
| -1% | -$378K |
|
|
PPL
342
PPL Corp
PPL
$26.5B
| $29.1M | 0.03% |
1,028,195
-633,002
| -38% | -$18.9M |
|
343
Honeywell
HON
$77B
| $29M | 0.03% |
222,131
-54,006
| -20% | -$7.47M |
|
344
Owens Corning
OC
$11.2B
| $28.9M | 0.03% |
359,815
| – | – |
|
345
Devon Energy
DVN
$52.1B
| $28.6M | 0.03% |
899,942
-95,238
| -10% | -$3.5M |
|
|
GOLD
346
DELISTED
Randgold Resources Ltd
GOLD
| $28.2M | 0.03% |
338,488
-113,447
| -25% | -$10.2M |
|
347
Renasant Corp
RNST
$3.98B
| $28.1M | 0.03% |
659,881
-15,228
| -2% | -$655K |
|
348
Byline Bancorp
BY
$1.78B
| $28M | 0.03% |
1,223,116
+367,530
| +43% | +$8.36M |
|
349
Madrigal Pharmaceuticals
MDGL
$10.8B
| $26.7M | 0.03% |
228,658
+24,458
| +12% | +$3.02M |
|
|
CALD
350
DELISTED
Callidus Software, Inc.
CALD
| $26.5M | 0.03% |
735,945
-235,124
| -24% | -$8.03M |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.02B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
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.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.