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 |
AstraZeneca
AZN
|
+$693M |
| 2 |
Constellation Brands
STZ
|
+$368M |
| 3 |
Tesla
TSLA
|
+$332M |
| 4 |
NVIDIA
NVDA
|
+$300M |
| 5 |
Booking.com
BKNG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$821M |
| 2 |
Netflix
NFLX
|
+$777M |
| 3 |
AbbVie
ABBV
|
+$583M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$477M |
| 5 |
FedEx
FDX
|
+$456M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.07% |
| 2 | Consumer Discretionary | 17.72% |
| 3 | Financials | 13.25% |
| 4 | Healthcare | 11.94% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
argenx
ARGX
$55.2B
| $27.5M | 0.03% |
332,013
+5,276
| +2% | +$472K |
|
352
Idexx Laboratories
IDXX
$44.8B
| $27.4M | 0.03% |
125,738
+43,389
| +53% | +$8.94M |
|
353
Graphic Packaging
GPK
$3.3B
| $27.3M | 0.03% |
+1,882,938
| New | +$27.9M |
|
|
FLIR
354
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $26.8M | 0.03% |
515,567
-380,536
| -42% | -$20.3M |
|
355
Southern Copper
SCCO
$139B
| $26.8M | 0.03% |
616,444
-26,599
| -4% | -$1.28M |
|
|
ANDV
356
DELISTED
Andeavor
ANDV
| $26.7M | 0.03% |
203,429
-240,933
| -54% | -$31.7M |
|
|
PGTI
357
DELISTED
PGT, Inc.
PGTI
| $26.6M | 0.03% |
1,273,571
-1,168,948
| -48% | -$22.8M |
|
358
Laureate Education
LAUR
$5.4B
| $26.5M | 0.03% |
1,846,809
-50,285
| -3% | -$742K |
|
359
Tractor Supply
TSCO
$16.3B
| $26.1M | 0.03% |
+1,708,835
| New | +$23.8M |
|
|
NSA
360
DELISTED
National Storage Affiliates Trust
NSA
| $26.1M | 0.03% |
847,961
-559,387
| -40% | -$15.3M |
|
|
GLDD
361
DELISTED
Great Lakes Dredge & Dock
GLDD
| $26.1M | 0.03% |
4,968,171
+75,122
| +2% | +$370K |
|
|
INXN
362
DELISTED
Interxion Holding N.V.
INXN
| $25.9M | 0.03% |
414,481
-119
| -0% | -$7.61K |
|
|
CBIO
363
Crescent Biopharma
CBIO
$550M
| $25.7M | 0.03% |
15,939
+263
| +2% | +$452K |
|
364
DigitalBridge
DBRG
$2.93B
| $25.4M | 0.02% |
1,016,310
+4,171
| +0.4% | +$99.7K |
|
|
TVTY
365
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $25.3M | 0.02% |
719,783
+83,314
| +13% | +$3.07M |
|
366
Cousins Properties
CUZ
$5.34B
| $24.7M | 0.02% |
636,014
+22,463
| +4% | +$818K |
|
367
Verisk Analytics
VRSK
$28B
| $24.6M | 0.02% |
+228,271
| New | +$24.3M |
|
|
GRUB
368
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $24.5M | 0.02% |
116,843
+114,879
| +5,849% | +$23.8M |
|
|
QVCGA
369
DELISTED
QVC Group Inc Series A
QVCGA
| $24.5M | 0.02% |
23,773
-202
| -0.8% | -$224K |
|
|
MB
370
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $24.4M | 0.02% |
631,340
+64,717
| +11% | +$2.55M |
|
371
HealthEquity
HQY
$8.7B
| $24.2M | 0.02% |
321,703
+177,312
| +123% | +$12.7M |
|
|
P
372
Everpure Inc
P
$23.7B
| $23.9M | 0.02% |
+1,000,994
| New | +$22M |
|
373
Energy Transfer Partners
ET
$69.6B
| $23.8M | 0.02% |
1,377,559
+138,415
| +11% | +$2.27M |
|
|
HMHC
374
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $23.5M | 0.02% |
3,078,254
-39,786
| -1% | -$283K |
|
375
Owens Corning
OC
$11B
| $22.8M | 0.02% |
359,815
| – | – |
|
Similar funds
Jennison Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Jennison Associates held 740 positions worth $103B, up 2% from $101B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q2 2018, closing 87 positions and reducing 296 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jennison Associates opened a new position in AstraZeneca worth $677M.
- Jennison Associates's largest Q2 2018 buy was AstraZeneca: 9,637,084 shares worth $677M.
- Jennison Associates added most to Constellation Brands in Q2 2018, an estimated $368M increase.
- Jennison Associates's biggest Q2 2018 reduction was Charter Communications, cutting an estimated $821M.
- Jennison Associates fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $152M.
- Jennison Associates's ten largest holdings make up 29% of its $103B portfolio in Q2 2018.
- Jennison Associates opened 89 new positions and closed 87 in Q2 2018.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $103B.
Based on Jennison Associates's 13F filing for Q2 2018, filed 2 Aug 2018.