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 | |
|---|---|---|---|---|---|---|
|
ANDX
401
DELISTED
Andeavor Logistics LP
ANDX
| $14.1M | 0.01% |
387,975
+153,651
| +66% | +$5.39M |
|
402
Newmont
NEM
$94.6B
| $14.1M | 0.01% |
365,980
-151,534
| -29% | -$5.12M |
|
403
B&G Foods
BGS
$305M
| $14M | 0.01% |
674,493
-27,083
| -4% | -$624K |
|
404
MSC Industrial Direct
MSM
$6.81B
| $14M | 0.01% |
188,527
-12,726
| -6% | -$982K |
|
|
HMHC
405
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $13.9M | 0.01% |
2,417,435
-281,135
| -10% | -$1.86M |
|
|
WCG
406
DELISTED
Wellcare Health Plans, Inc.
WCG
| $13.9M | 0.01% |
48,687
-245,276
| -83% | -$67.6M |
|
407
Adaptive Biotechnologies
ADPT
$3.54B
| $13.8M | 0.01% |
+285,744
| New | +$12.7M |
|
408
National Vision
EYE
$1.72B
| $13.7M | 0.01% |
445,111
-21,732
| -5% | -$623K |
|
409
Equinor
EQNR
$97B
| $13.5M | 0.01% |
680,884
+2,360
| +0.3% | +$49.8K |
|
410
iRhythm Holdings
IRTC
$3.95B
| $13.3M | 0.01% |
168,161
-1,791
| -1% | -$130K |
|
411
MPLX
MPLX
$60.3B
| $13.2M | 0.01% |
409,106
-4,014
| -1% | -$128K |
|
|
THR
412
DELISTED
Thermon Group Holdings
THR
| $13M | 0.01% |
507,667
-25,921
| -5% | -$646K |
|
413
Royal Gold
RGLD
$16.4B
| $12.3M | 0.01% |
120,124
-78,414
| -39% | -$7.06M |
|
414
G-III Apparel Group
GIII
$1.52B
| $12.2M | 0.01% |
415,677
-9,735
| -2% | -$332K |
|
|
ENLC
415
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $12M | 0.01% |
1,186,457
-11,572
| -1% | -$129K |
|
416
Antero Midstream
AM
$10.3B
| $11.9M | 0.01% |
1,034,478
-10,663
| -1% | -$137K |
|
417
RenaissanceRe
RNR
$13.8B
| $11.7M | 0.01% |
65,861
+39,563
| +150% | +$6.5M |
|
418
Freeport-McMoran
FCX
$85.1B
| $11.5M | 0.01% |
994,323
+2,967
| +0.3% | +$34.5K |
|
419
Verra Mobility
VRRM
$817M
| $11.5M | 0.01% |
874,962
-938,113
| -52% | -$12.5M |
|
|
APC
420
DELISTED
Anadarko Petroleum
APC
| $11.4M | 0.01% |
161,342
-1,577,239
| -91% | -$106M |
|
|
SWAV
421
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $11.3M | 0.01% |
198,332
-14,134
| -7% | -$686K |
|
|
MMP
422
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $11.3M | 0.01% |
176,878
+90,631
| +105% | +$5.63M |
|
423
Rio Tinto
RIO
$150B
| $11.3M | 0.01% |
180,752
-127,175
| -41% | -$7.62M |
|
424
Fate Therapeutics
FATE
$267M
| $11.1M | 0.01% |
547,922
+60,878
| +12% | +$1.1M |
|
425
Norfolk Southern
NSC
$75.7B
| $11.1M | 0.01% |
55,756
+25,607
| +85% | +$5.08M |
|
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.