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 |
Merck
MRK
|
+$891M |
| 2 |
Union Pacific
UNP
|
+$622M |
| 3 |
Salesforce
CRM
|
+$418M |
| 4 |
Edwards Lifesciences
EW
|
+$405M |
| 5 |
lululemon athletica
LULU
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$680M |
| 2 |
Texas Instruments
TXN
|
+$585M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$571M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$558M |
| 5 |
Parker-Hannifin
PH
|
+$556M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.09% |
| 2 | Healthcare | 17.49% |
| 3 | Consumer Discretionary | 17.05% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
PENN Entertainment
PENN
$2.75B
| $17.1M | 0.02% |
909,575
+891,429
| +4,913% | +$21.2M |
|
377
First Bancorp
FBNC
$2.61B
| $17M | 0.02% |
520,647
+11,678
| +2% | +$436K |
|
378
Axogen
AXGN
$2.2B
| $16.6M | 0.02% |
814,505
-46,885
| -5% | -$1.47M |
|
379
Prestige Consumer Healthcare
PBH
$2.37B
| $16.6M | 0.02% |
538,822
-122
| -0% | -$4.45K |
|
380
Viatris
VTRS
$20.7B
| $16.3M | 0.02% |
596,690
-5,441
| -0.9% | -$176K |
|
381
Philip Morris
PM
$299B
| $16.3M | 0.02% |
244,451
+30,506
| +14% | +$2.55M |
|
382
Hyatt Hotels
H
$16.6B
| $15.9M | 0.02% |
235,407
-310,299
| -57% | -$21.7M |
|
383
KLX Energy Services
KLXE
$44.4M
| $15.7M | 0.02% |
134,295
+34,702
| +35% | +$4.81M |
|
384
Boston Properties
BXP
$11.4B
| $15.7M | 0.02% |
+139,751
| New | +$16.9M |
|
|
SEMG
385
DELISTED
SEMGROUP CORPORATION
SEMG
| $15.7M | 0.02% |
1,141,232
-584,731
| -34% | -$10.5M |
|
|
NVRO
386
DELISTED
NEVRO CORP.
NVRO
| $15.6M | 0.02% |
401,681
-1,099,364
| -73% | -$48.9M |
|
387
Enerpac Tool Group
EPAC
$1.86B
| $15.6M | 0.02% |
743,646
-310,582
| -29% | -$7.57M |
|
388
Goosehead Insurance
GSHD
$2.27B
| $15.6M | 0.02% |
593,068
-22,995
| -4% | -$640K |
|
389
Owens Corning
OC
$11.2B
| $15.6M | 0.02% |
354,308
+367
| +0.1% | +$17.8K |
|
390
Teck Resources
TECK
$30.7B
| $15.5M | 0.02% |
721,382
+401,159
| +125% | +$8.7M |
|
391
MSC Industrial Direct
MSM
$6.78B
| $15.4M | 0.02% |
200,405
-229,158
| -53% | -$19M |
|
|
ALLK
392
DELISTED
Allakos
ALLK
| $15.4M | 0.02% |
294,194
-47,608
| -14% | -$2.39M |
|
|
QTS
393
DELISTED
QTS REALTY TRUST, INC.
QTS
| $15.2M | 0.02% |
409,408
+4,069
| +1% | +$161K |
|
394
Carnival Corporation Ltd
CCL
$38B
| $14.7M | 0.02% |
299,175
-1,221,808
| -80% | -$70M |
|
|
MNDT
395
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $14.5M | 0.02% |
+892,639
| New | +$16M |
|
396
Devon Energy
DVN
$50.9B
| $14.4M | 0.02% |
641,080
-299,082
| -32% | -$9.19M |
|
397
Acadia Healthcare
ACHC
$2.62B
| $14.4M | 0.02% |
560,069
+86,677
| +18% | +$3M |
|
|
P
398
Everpure Inc
P
$25B
| $14M | 0.02% |
870,512
-49,739
| -5% | -$980K |
|
399
Diamondback Energy
FANG
$56.2B
| $13.9M | 0.02% |
150,432
+54,231
| +56% | +$6.06M |
|
400
Southern Copper
SCCO
$145B
| $13.9M | 0.02% |
487,477
-85,339
| -15% | -$2.88M |
|
Similar funds
Jennison Associates's Q4 2018 Portfolio in Review
As of Q4 2018, Jennison Associates held 753 positions worth $89.4B, down 18% from $109B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q4 2018 filing shows 95 new, 255 increased, 283 reduced and 113 closed positions. Its largest new stake was lululemon athletica: 2,588,881 shares worth $315M. The largest sale was Caterpillar, an estimated $680M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Jennison Associates's largest Q4 2018 buy was lululemon athletica: 2,588,881 shares worth $315M.
- Jennison Associates added most to Merck in Q4 2018, an estimated $891M increase.
- Jennison Associates's biggest Q4 2018 reduction was Caterpillar, cutting an estimated $680M.
- Jennison Associates fully exited Tiffany & Co. in Q4 2018, selling an estimated $151M.
- Jennison Associates's ten largest holdings make up 30% of its $89.4B portfolio in Q4 2018.
- Jennison Associates opened 95 new positions and closed 113 in Q4 2018.
- Jennison Associates's portfolio value fell 18% quarter-over-quarter to $89.4B.
Based on Jennison Associates's 13F filing for Q4 2018, filed 6 Feb 2019.