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 | |
|---|---|---|---|---|---|---|
|
STMP
376
DELISTED
Stamps.com, Inc.
STMP
| $22.8M | 0.02% |
90,082
+86,003
| +2,108% | +$20.7M |
|
377
Newmont
NEM
$96.4B
| $22.8M | 0.02% |
604,186
+48,429
| +9% | +$1.9M |
|
378
Q2 Holdings
QTWO
$3.71B
| $22.7M | 0.02% |
398,301
-64,231
| -14% | -$3.5M |
|
379
Steel Dynamics
STLD
$37.5B
| $22.6M | 0.02% |
491,759
-18,932
| -4% | -$896K |
|
380
Valero Energy
VLO
$88.7B
| $22.3M | 0.02% |
201,330
-7,460
| -4% | -$837K |
|
|
STAY
381
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $22.3M | 0.02% |
+1,031,160
| New | +$21.1M |
|
382
Inogen
INGN
$174M
| $22.3M | 0.02% |
119,570
+77,791
| +186% | +$12.9M |
|
383
Air Products & Chemicals
APD
$65.2B
| $22.2M | 0.02% |
142,598
-7,846
| -5% | -$1.28M |
|
384
MaxLinear
MXL
$5.35B
| $22M | 0.02% |
1,414,066
+306,538
| +28% | +$6.19M |
|
|
ACC
385
DELISTED
American Campus Communities, Inc.
ACC
| $21.8M | 0.02% |
+508,628
| New | +$20.3M |
|
386
ProQR Therapeutics
PRQR
$248M
| $21.8M | 0.02% |
2,981,205
+30,831
| +1% | +$155K |
|
387
MGP Ingredients
MGPI
$400M
| $21.6M | 0.02% |
242,756
+50,671
| +26% | +$4.54M |
|
388
Eaton
ETN
$150B
| $21.6M | 0.02% |
288,442
-579,897
| -67% | -$44.9M |
|
|
SRE.PRA
389
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $21.5M | 0.02% |
208,125
-12,419
| -6% | -$1.25M |
|
|
GOLD
390
DELISTED
Randgold Resources Ltd
GOLD
| $21.5M | 0.02% |
278,275
-60,213
| -18% | -$4.77M |
|
391
Marathon Petroleum
MPC
$89.3B
| $21.4M | 0.02% |
305,011
-9,643
| -3% | -$736K |
|
392
Diageo
DEO
$49.4B
| $21.3M | 0.02% |
148,039
+56,528
| +62% | +$8.09M |
|
393
Range Resources
RRC
$8.94B
| $21.2M | 0.02% |
1,267,044
+261,159
| +26% | +$3.95M |
|
394
Ovintiv
OVV
$16.4B
| $21.2M | 0.02% |
324,745
-23,444
| -7% | -$1.47M |
|
|
ETP
395
DELISTED
Energy Transfer Partners, L.P.
ETP
| $21M | 0.02% |
1,104,922
+27,833
| +3% | +$511K |
|
396
Prestige Consumer Healthcare
PBH
$2.45B
| $20.7M | 0.02% |
539,605
+16,484
| +3% | +$556K |
|
|
397
AbbVie
ABBV
$465B
| $20.6M | 0.02% |
222,278
-5,970,070
| -96% | -$583M |
|
398
Goosehead Insurance
GSHD
$1.63B
| $20.4M | 0.02% |
+815,510
| New | +$15.8M |
|
|
HUD
399
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $20.3M | 0.02% |
1,162,708
+31,847
| +3% | +$532K |
|
|
CBLK
400
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $20.3M | 0.02% |
+780,355
| New | +$20.1M |
|
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.