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 | |
|---|---|---|---|---|---|---|
|
BLUE
326
DELISTED
bluebird bio
BLUE
| $23.1M | 0.02% |
14,044
-7,792
| -36% | -$13.5M |
|
327
PepsiCo
PEP
$197B
| $23.1M | 0.02% |
176,323
+173,589
| +6,349% | +$22.3M |
|
328
Zoom
ZM
$26.9B
| $22.9M | 0.02% |
+258,207
| New | +$21.2M |
|
329
Renasant Corp
RNST
$4.02B
| $22.9M | 0.02% |
637,547
-29,490
| -4% | -$1.04M |
|
330
AT&T
T
$167B
| $22.7M | 0.02% |
+897,255
| New | +$21.5M |
|
|
TWOU
331
DELISTED
2U Inc
TWOU
| $22.7M | 0.02% |
+20,097
| New | +$29.6M |
|
|
IPHI
332
DELISTED
INPHI CORPORATION
IPHI
| $22.4M | 0.02% |
446,253
-69,169
| -13% | -$3.22M |
|
|
HUD
333
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $22.2M | 0.02% |
1,611,173
-219,331
| -12% | -$3.21M |
|
|
DHR.PRA
334
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $22M | 0.02% |
19,943
+2,212
| +12% | +$2.34M |
|
|
VIAB
335
DELISTED
Viacom Inc. Class B
VIAB
| $21.9M | 0.02% |
733,738
-198,041
| -21% | -$5.79M |
|
|
STI
336
DELISTED
SunTrust Banks, Inc.
STI
| $21.9M | 0.02% |
348,433
-362,939
| -51% | -$22.8M |
|
337
McCormick & Company Non-Voting
MKC
$14.1B
| $21.9M | 0.02% |
282,354
-23,692
| -8% | -$1.83M |
|
338
Republic Services
RSG
$67.9B
| $21.8M | 0.02% |
252,076
-113,722
| -31% | -$9.47M |
|
339
Glaukos
GKOS
$9.2B
| $21.7M | 0.02% |
287,253
+21,850
| +8% | +$1.57M |
|
|
PGTI
340
DELISTED
PGT, Inc.
PGTI
| $21.6M | 0.02% |
1,289,202
-173,454
| -12% | -$2.64M |
|
341
Sea Limited
SE
$65.7B
| $21.5M | 0.02% |
+648,112
| New | +$17.6M |
|
342
HealthEquity
HQY
$8.61B
| $21.4M | 0.02% |
327,716
-55,422
| -14% | -$3.86M |
|
343
Acadia Healthcare
ACHC
$2.62B
| $21.4M | 0.02% |
610,991
+81,966
| +15% | +$2.65M |
|
|
WBT
344
DELISTED
Welbilt, Inc.
WBT
| $21.1M | 0.02% |
1,262,672
+380,629
| +43% | +$6.22M |
|
345
Woodward
WWD
$23.6B
| $21M | 0.02% |
185,430
-3,235
| -2% | -$347K |
|
346
BHP
BHP
$210B
| $20.8M | 0.02% |
401,250
-532,738
| -57% | -$25.7M |
|
347
Affiliated Managers Group
AMG
$9.64B
| $20.7M | 0.02% |
224,370
-199,746
| -47% | -$19.6M |
|
|
SILK
348
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $20.7M | 0.02% |
+426,549
| New | +$18.1M |
|
349
Terex
TEX
$7.41B
| $20.5M | 0.02% |
654,123
-43,691
| -6% | -$1.34M |
|
|
FSCT
350
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $20.4M | 0.02% |
+603,498
| New | +$22.2M |
|
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.