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 | |
|---|---|---|---|---|---|---|
351
nLIGHT
LASR
$3.33B
| $20.3M | 0.02% |
+1,058,679
| New | +$23.3M |
|
|
EE
352
DELISTED
El Paso Electric Company
EE
| $20.2M | 0.02% |
308,394
-389,682
| -56% | -$23.9M |
|
353
Pinterest
PINS
$13.7B
| $19.6M | 0.02% |
+721,417
| New | +$19.7M |
|
354
Teradata
TDC
$2.88B
| $19.4M | 0.02% |
541,059
-192,567
| -26% | -$7.51M |
|
|
PRTY
355
DELISTED
Party City Holdco Inc.
PRTY
| $19.4M | 0.02% |
2,645,465
-794,918
| -23% | -$6.07M |
|
356
Enerpac Tool Group
EPAC
$1.86B
| $19.2M | 0.02% |
774,181
+45,257
| +6% | +$1.11M |
|
357
Laureate Education
LAUR
$5.38B
| $18.9M | 0.02% |
1,201,805
-819,046
| -41% | -$13M |
|
358
United Parks & Resorts
PRKS
$2.19B
| $18.8M | 0.02% |
607,316
-254,243
| -30% | -$6.98M |
|
359
Huron Consulting
HURN
$2.76B
| $18.8M | 0.02% |
372,312
-13,189
| -3% | -$645K |
|
360
Parsons
PSN
$4.31B
| $18.7M | 0.02% |
+507,529
| New | +$16.6M |
|
361
DigitalBridge
DBRG
$2.92B
| $18.6M | 0.02% |
930,396
-52,535
| -5% | -$1.09M |
|
|
FTCH
362
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $18.6M | 0.02% |
892,645
-827
| -0.1% | -$19.1K |
|
363
Arista Networks
ANET
$199B
| $18.6M | 0.02% |
+1,143,376
| New | +$19.8M |
|
|
STAY
364
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $18.5M | 0.02% |
1,092,899
-386,244
| -26% | -$6.82M |
|
|
NLSN
365
DELISTED
Nielsen Holdings plc
NLSN
| $18.2M | 0.02% |
804,833
-486,575
| -38% | -$11.8M |
|
366
GrafTech
EAF
$184M
| $18.2M | 0.02% |
158,048
-26,365
| -14% | -$3.09M |
|
367
Repligen
RGEN
$6.91B
| $18.1M | 0.02% |
210,569
-440
| -0.2% | -$30K |
|
|
EVOP
368
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $18M | 0.02% |
572,191
-387,203
| -40% | -$11.3M |
|
369
NN Inc
NNBR
$237M
| $17.8M | 0.02% |
1,824,723
-97,488
| -5% | -$846K |
|
|
BPMC
370
DELISTED
Blueprint Medicines
BPMC
| $17.7M | 0.02% |
187,685
-373
| -0.2% | -$30.8K |
|
371
Southern Copper
SCCO
$138B
| $17.6M | 0.02% |
489,973
+2,975
| +0.6% | +$104K |
|
372
MGM Resorts International
MGM
$11.7B
| $17.6M | 0.02% |
617,531
-287,370
| -32% | -$7.68M |
|
|
MRNS
373
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $17.6M | 0.02% |
1,061,791
-70,040
| -6% | -$1.22M |
|
374
CoreCivic
CXW
$2.94B
| $17.5M | 0.02% |
843,500
-356,879
| -30% | -$7.68M |
|
|
VRNT
375
DELISTED
Verint Systems
VRNT
| $17.1M | 0.02% |
625,965
-693,876
| -53% | -$20.9M |
|
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.