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
| 1 |
McDonald's
MCD
|
+$770M |
| 2 |
Crown Castle
CCI
|
+$678M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$557M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$437M |
| 5 |
BioMarin Pharmaceuticals
BMRN
|
+$305M |
Top Sells
| 1 |
Nike
NKE
|
+$1.22B |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$1.04B |
| 3 |
Amazon
AMZN
|
+$661M |
| 4 |
SHPG
Shire pic
SHPG
|
+$478M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$457M |
Sector Composition
| 1 | Technology | 20.91% |
| 2 | Consumer Discretionary | 17.64% |
| 3 | Healthcare | 13.87% |
| 4 | Communication Services | 13.04% |
| 5 | Financials | 10.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TVTY
351
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $28.1M | 0.03% |
705,518
+231,930
| +49% | +$7.76M |
|
|
EQGP
352
DELISTED
EQGP Holdings, LP
EQGP
| $27.9M | 0.03% |
924,665
-89,369
| -9% | -$2.41M |
|
353
HubSpot
HUBS
$11.5B
| $27.8M | 0.03% |
422,977
+15,079
| +4% | +$1.02M |
|
|
WSTC
354
DELISTED
West Corporation
WSTC
| $27.8M | 0.03% |
1,192,415
-1,866,361
| -61% | -$44.4M |
|
|
WPZ
355
DELISTED
Williams Partners L.P.
WPZ
| $27.7M | 0.03% |
691,344
+7,022
| +1% | +$281K |
|
356
Tenaris
TS
$28.9B
| $27.1M | 0.03% |
871,489
-58,383
| -6% | -$1.84M |
|
357
Moelis & Co
MC
$5.02B
| $27.1M | 0.03% |
697,372
-186,577
| -21% | -$6.95M |
|
358
Teladoc Health
TDOC
$1.7B
| $27.1M | 0.03% |
+779,631
| New | +$22.7M |
|
|
KITE
359
DELISTED
Kite Pharma, Inc.
KITE
| $27M | 0.03% |
260,593
-362,014
| -58% | -$29.5M |
|
360
Altria Group
MO
$124B
| $27M | 0.03% |
362,437
-200,989
| -36% | -$14.7M |
|
|
FLIR
361
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $26.9M | 0.03% |
775,709
-271,546
| -26% | -$9.9M |
|
362
MPLX
MPLX
$57.9B
| $26.9M | 0.03% |
803,943
+109,744
| +16% | +$3.8M |
|
363
Wayfair
W
$11.8B
| $26.6M | 0.03% |
346,278
-461,312
| -57% | -$27.3M |
|
|
CORE
364
DELISTED
Core Mark Holding Co., Inc.
CORE
| $26.1M | 0.03% |
788,125
+456,591
| +138% | +$15.5M |
|
365
Trinity Industries
TRN
$2.9B
| $26M | 0.03% |
1,289,311
+716,123
| +125% | +$13.7M |
|
366
Target
TGT
$63.4B
| $26M | 0.03% |
496,638
-26,252
| -5% | -$1.43M |
|
367
RPC Inc
RES
$1.31B
| $25.8M | 0.03% |
1,277,426
-69,891
| -5% | -$1.33M |
|
368
Air Products & Chemicals
APD
$65.8B
| $25.8M | 0.03% |
180,420
-31,879
| -15% | -$4.53M |
|
369
Wingstop
WING
$3.88B
| $25.8M | 0.03% |
834,824
-169,235
| -17% | -$5.03M |
|
|
ANDV
370
DELISTED
Andeavor
ANDV
| $25.7M | 0.03% |
274,704
-21,921
| -7% | -$1.85M |
|
371
Constellium
CSTM
$3.83B
| $25.7M | 0.03% |
3,723,769
-275,549
| -7% | -$1.79M |
|
|
PINC
372
DELISTED
Premier
PINC
| $25.6M | 0.03% |
712,104
+465,012
| +188% | +$15.9M |
|
373
Natera
NTRA
$38.9B
| $25.6M | 0.03% |
2,356,346
+23,473
| +1% | +$229K |
|
374
Hershey
HSY
$34.8B
| $25.3M | 0.03% |
235,905
-12,876
| -5% | -$1.42M |
|
|
OA
375
DELISTED
Orbital ATK, Inc.
OA
| $25.1M | 0.03% |
255,529
-15,058
| -6% | -$1.49M |
|
Similar funds
Jennison Associates's Q2 2017 Portfolio in Review
As of Q2 2017, Jennison Associates held 698 positions worth $94.3B, up 1.1% from $93.2B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates withdrew a net $3.15B in Q2 2017, closing 61 positions and reducing 332 holdings. Its most notable exit was NXP Semiconductors, an estimated $452M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Newell Brands worth $125M.
- Jennison Associates's largest Q2 2017 buy was Newell Brands: 2,328,211 shares worth $125M.
- Jennison Associates added most to McDonald's in Q2 2017, an estimated $770M increase.
- Jennison Associates's biggest Q2 2017 reduction was Nike, cutting an estimated $1.22B.
- Jennison Associates fully exited NXP Semiconductors in Q2 2017, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 27% of its $94.3B portfolio in Q2 2017.
- Jennison Associates opened 62 new positions and closed 61 in Q2 2017.
- Jennison Associates's portfolio value rose 1.1% quarter-over-quarter to $94.3B.
Based on Jennison Associates's 13F filing for Q2 2017, filed 4 Aug 2017.