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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.86% |
| 2 | Consumer Discretionary | 15.64% |
| 3 | Financials | 12.8% |
| 4 | Healthcare | 12.56% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN.PRA
401
DELISTED
Allergan plc
AGN.PRA
| $20.6M | 0.02% |
35,177
-33,905
| -49% | -$21.9M |
|
|
AVXS
402
DELISTED
AveXis, Inc. Common Stock
AVXS
| $20.5M | 0.02% |
185,094
+883
| +0.5% | +$88.6K |
|
403
Travere Therapeutics
TVTX
$5.27B
| $20.3M | 0.02% |
962,796
-432,665
| -31% | -$9.89M |
|
|
ETP
404
DELISTED
Energy Transfer Partners, L.P.
ETP
| $20.1M | 0.02% |
1,123,493
-2,697,955
| -71% | -$46.6M |
|
405
Constellium
CSTM
$4.02B
| $20.1M | 0.02% |
1,799,399
-116,743
| -6% | -$1.24M |
|
|
AMT.PRB
406
DELISTED
American Tower Corporation
AMT.PRB
| $20M | 0.02% |
159,159
-25,558
| -14% | -$3.22M |
|
407
Celanese
CE
$4.87B
| $19.7M | 0.02% |
184,385
-17,494
| -9% | -$1.86M |
|
408
Byline Bancorp
BY
$1.76B
| $19.7M | 0.02% |
855,586
+222,371
| +35% | +$4.63M |
|
409
Cousins Properties
CUZ
$5.28B
| $19.2M | 0.02% |
518,415
-4,580
| -0.9% | -$169K |
|
|
TEP
410
DELISTED
Tallgrass Energy Partners, LP
TEP
| $18.8M | 0.02% |
410,783
-69,074
| -14% | -$3.14M |
|
411
Madrigal Pharmaceuticals
MDGL
$12.7B
| $18.7M | 0.02% |
+204,200
| New | +$11.7M |
|
|
KA
412
DELISTED
Kineta, Inc. Common Stock
KA
| $18.5M | 0.02% |
22,703
+7,911
| +53% | +$3.03M |
|
413
Range Resources
RRC
$8.85B
| $18.4M | 0.02% |
1,080,747
+176,854
| +20% | +$3.18M |
|
414
argenx
ARGX
$55.6B
| $18.1M | 0.02% |
286,812
+161,846
| +130% | +$5.3M |
|
|
POT
415
DELISTED
Potash Corp Of Saskatchewan
POT
| $17.8M | 0.02% |
863,803
-43,021
| -5% | -$834K |
|
|
AEUA
416
DELISTED
Anadarko Petroleum Corporation
AEUA
| $17.8M | 0.02% |
513,637
+69,493
| +16% | +$2.49M |
|
417
Plains All American Pipeline
PAA
$17.1B
| $17.8M | 0.02% |
862,284
+179,961
| +26% | +$3.67M |
|
418
Benchmark Electronics
BHE
$2.86B
| $17.7M | 0.02% |
608,382
-285,728
| -32% | -$8.9M |
|
|
MB
419
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $17.6M | 0.02% |
579,271
-11,198
| -2% | -$345K |
|
|
SEI
420
Solaris Energy Infrastructure
SEI
$3.22B
| $17.6M | 0.02% |
821,807
+116,187
| +16% | +$1.97M |
|
421
Diageo
DEO
$47.3B
| $17.4M | 0.02% |
+119,384
| New | +$16.5M |
|
|
CXP
422
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $16.9M | 0.02% |
+734,804
| New | +$16.3M |
|
|
INN
423
Summit Hotel Properties
INN
$748M
| $16.4M | 0.02% |
1,075,484
+9,642
| +0.9% | +$149K |
|
|
TPGH.U
424
DELISTED
TPG Pace Holdings Corp. Units, each consisting of one Class A ordinary share, $.0001 par value, and
TPGH.U
| $16.2M | 0.02% |
1,576,951
-45,916
| -3% | -$473K |
|
425
Reliance Steel & Aluminium
RS
$20.6B
| $16M | 0.02% |
186,468
-11,464
| -6% | -$903K |
|
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Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.