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 | |
|---|---|---|---|---|---|---|
326
NN Inc
NNBR
$257M
| $23.7M | 0.03% |
3,527,411
+70,114
| +2% | +$673K |
|
|
CBLK
327
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $23.6M | 0.03% |
1,761,056
+58,147
| +3% | +$955K |
|
|
MCRN
328
DELISTED
Milacron Holdings Corp.
MCRN
| $23.5M | 0.03% |
1,976,308
+54,378
| +3% | +$817K |
|
|
EVBG
329
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $23.5M | 0.03% |
413,402
+207,775
| +101% | +$10.8M |
|
|
SRCL
330
DELISTED
Stericycle Inc
SRCL
| $23.3M | 0.03% |
635,609
-482,607
| -43% | -$22.7M |
|
331
Renasant Corp
RNST
$3.96B
| $23.3M | 0.03% |
771,992
+1,633
| +0.2% | +$57.3K |
|
|
STAY
332
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $22.8M | 0.03% |
1,474,011
-79,933
| -5% | -$1.41M |
|
333
Q2 Holdings
QTWO
$3.7B
| $22.8M | 0.03% |
460,532
+62,587
| +16% | +$3.19M |
|
334
MGM Resorts International
MGM
$11.7B
| $22.5M | 0.03% |
928,983
-70,075
| -7% | -$1.83M |
|
335
CoreCivic
CXW
$2.95B
| $22.5M | 0.03% |
1,262,527
-112,060
| -8% | -$2.46M |
|
|
UNVR
336
DELISTED
Univar Solutions Inc.
UNVR
| $22.5M | 0.03% |
1,265,632
-2,411,971
| -66% | -$55.8M |
|
337
G-III Apparel Group
GIII
$1.55B
| $22.4M | 0.03% |
802,858
+11,661
| +1% | +$432K |
|
338
McCormick & Company Non-Voting
MKC
$13.7B
| $22.2M | 0.02% |
319,202
-418,234
| -57% | -$30M |
|
339
Allogene Therapeutics
ALLO
$680M
| $22.2M | 0.02% |
+830,092
| New | +$22.1M |
|
340
Republic Services
RSG
$65B
| $21.9M | 0.02% |
303,955
+251,440
| +479% | +$18.4M |
|
|
BOLD
341
DELISTED
Audentes Therapeutics, Inc
BOLD
| $21.8M | 0.02% |
1,024,691
-3,977
| -0.4% | -$103K |
|
342
GrafTech
EAF
$169M
| $21.7M | 0.02% |
189,947
+27,252
| +17% | +$4.16M |
|
343
Elanco Animal Health
ELAN
$13.2B
| $21.5M | 0.02% |
681,452
+281,452
| +70% | +$9.21M |
|
344
Terex
TEX
$7.11B
| $21.4M | 0.02% |
775,283
-265,168
| -25% | -$8.48M |
|
345
United Parks & Resorts
PRKS
$2.15B
| $21.1M | 0.02% |
956,446
-96,824
| -9% | -$2.59M |
|
346
Solid Biosciences
SLDB
$836M
| $21.1M | 0.02% |
+52,510
| New | +$24.7M |
|
347
Independence Realty Trust
IRT
$3.93B
| $20.9M | 0.02% |
2,276,664
+526,715
| +30% | +$5.2M |
|
348
B&G Foods
BGS
$293M
| $20.8M | 0.02% |
720,828
+56,250
| +8% | +$1.61M |
|
|
STMP
349
DELISTED
Stamps.com, Inc.
STMP
| $20.8M | 0.02% |
133,888
+1,359
| +1% | +$242K |
|
350
Wingstop
WING
$3.66B
| $20.8M | 0.02% |
324,084
+3,737
| +1% | +$244K |
|
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.