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 | |
|---|---|---|---|---|---|---|
376
Nutrien
NTR
$33.6B
| $17.1M | 0.02% |
320,217
+1,672
| +0.5% | +$87.3K |
|
|
AVDR
377
DELISTED
Avedro, Inc Common Stock
AVDR
| $16.9M | 0.02% |
862,467
-39,087
| -4% | -$627K |
|
|
CBIO
378
Crescent Biopharma
CBIO
$572M
| $16.9M | 0.02% |
14,167
-68
| -0.5% | -$81.3K |
|
379
Boot Barn
BOOT
$4.61B
| $16.8M | 0.02% |
471,952
-14,386
| -3% | -$433K |
|
|
FLIR
380
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $16.7M | 0.02% |
309,401
-112,491
| -27% | -$5.71M |
|
381
Cogent Communications
CCOI
$598M
| $16.5M | 0.02% |
277,687
-13,129
| -5% | -$754K |
|
382
Healthcare Services Group
HCSG
$1.59B
| $16.2M | 0.02% |
533,454
-23,849
| -4% | -$788K |
|
383
Houlihan Lokey
HLI
$9.83B
| $16.1M | 0.02% |
361,137
+255,322
| +241% | +$11.9M |
|
|
SYNH
384
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $15.6M | 0.02% |
306,174
-11,532
| -4% | -$537K |
|
385
Prestige Consumer Healthcare
PBH
$2.48B
| $15.6M | 0.02% |
492,064
-19,271
| -4% | -$573K |
|
|
PLYA
386
DELISTED
Playa Hotels & Resorts
PLYA
| $15.5M | 0.02% |
2,014,974
-636,777
| -24% | -$5.11M |
|
|
BRSL
387
Brightstar Lottery PLC
BRSL
$1.89B
| $15.5M | 0.02% |
1,195,138
-547,277
| -31% | -$7.44M |
|
|
ABMD
388
DELISTED
Abiomed Inc
ABMD
| $15.4M | 0.02% |
59,270
+17,731
| +43% | +$4.7M |
|
389
Olin
OLN
$2.48B
| $15.3M | 0.02% |
697,311
-270,958
| -28% | -$6.03M |
|
390
Honeywell
HON
$76.3B
| $15.1M | 0.02% |
91,662
-42,010
| -31% | -$6.69M |
|
|
AEPPL
391
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $15M | 0.01% |
279,585
+67,249
| +32% | +$3.52M |
|
392
BlackBerry
BB
$4.58B
| $15M | 0.01% |
2,004,937
-772,787
| -28% | -$6.71M |
|
393
Gossamer Bio
GOSS
$92.9M
| $14.6M | 0.01% |
659,609
-1,507
| -0.2% | -$28.8K |
|
394
TotalEnergies
TTE
$192B
| $14.6M | 0.01% |
+261,127
| New | +$14.3M |
|
|
ICPT
395
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $14.5M | 0.01% |
181,748
-3,991
| -2% | -$357K |
|
396
Silicon Laboratories
SLAB
$7.17B
| $14.4M | 0.01% |
138,822
-55,393
| -29% | -$5.35M |
|
397
Marathon Petroleum
MPC
$90.5B
| $14.3M | 0.01% |
255,859
-165,135
| -39% | -$9.04M |
|
398
Heritage Financial
HFWA
$1.22B
| $14.3M | 0.01% |
482,767
-26,674
| -5% | -$803K |
|
|
BRKL
399
DELISTED
Brookline Bancorp
BRKL
| $14.2M | 0.01% |
922,361
-37,646
| -4% | -$562K |
|
|
FL
400
DELISTED
Foot Locker
FL
| $14.1M | 0.01% |
337,192
+38,569
| +13% | +$2.01M |
|
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.