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 |
McDonald's
MCD
|
+$770M |
| 2 |
Crown Castle
CCI
|
+$678M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$557M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$437M |
| 5 |
BioMarin Pharmaceuticals
BMRN
|
+$305M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$1.22B |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$1.04B |
| 3 |
Amazon
AMZN
|
+$661M |
| 4 |
SHPG
Shire pic
SHPG
|
+$478M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$457M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.25% |
| 2 | Consumer Discretionary | 17.77% |
| 3 | Healthcare | 14.23% |
| 4 | Communication Services | 13.04% |
| 5 | Financials | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BPL
426
DELISTED
Buckeye Partners, L.P.
BPL
| $17M | 0.02% |
265,954
+29,012
| +12% | +$1.91M |
|
|
AM
427
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $16.6M | 0.02% |
500,384
-2,232
| -0.4% | -$74.3K |
|
|
GLDD
428
DELISTED
Great Lakes Dredge & Dock
GLDD
| $16.6M | 0.02% |
3,854,314
-82,902
| -2% | -$361K |
|
|
MON
429
DELISTED
Monsanto Co
MON
| $16.5M | 0.02% |
139,705
-156,500
| -53% | -$18.3M |
|
|
TAHO
430
DELISTED
Tahoe Resources Inc
TAHO
| $16.5M | 0.02% |
1,907,735
-1,566,160
| -45% | -$13.6M |
|
|
BOLD
431
DELISTED
Audentes Therapeutics, Inc
BOLD
| $16.2M | 0.02% |
846,273
+546,617
| +182% | +$8.73M |
|
432
Wheaton Precious Metals
WPM
$69.6B
| $15.9M | 0.02% |
797,757
-61,659
| -7% | -$1.26M |
|
|
POT
433
DELISTED
Potash Corp Of Saskatchewan
POT
| $15.6M | 0.02% |
958,788
-75,924
| -7% | -$1.26M |
|
|
MB
434
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $15.6M | 0.02% |
572,058
+15,792
| +3% | +$434K |
|
|
PSDO
435
DELISTED
Presidio, Inc. Common Stock
PSDO
| $15.5M | 0.02% |
1,081,660
+89,901
| +9% | +$1.35M |
|
436
BlackBerry
BB
$4.78B
| $15.5M | 0.02% |
+1,547,353
| New | +$15.2M |
|
|
NUVA
437
DELISTED
NuVasive, Inc.
NUVA
| $15.2M | 0.02% |
198,163
-9,621
| -5% | -$719K |
|
|
PDCE
438
DELISTED
PDC Energy, Inc.
PDCE
| $15.2M | 0.02% |
352,770
-13,774
| -4% | -$725K |
|
|
AVXS
439
DELISTED
AveXis, Inc. Common Stock
AVXS
| $15.2M | 0.02% |
184,668
+882
| +0.5% | +$66.1K |
|
440
Monolithic Power Systems
MPWR
$61.7B
| $15M | 0.02% |
155,950
-2,892
| -2% | -$276K |
|
441
Enbridge
ENB
$110B
| $14.9M | 0.02% |
375,163
-788,508
| -68% | -$31.7M |
|
442
CNX Resources
CNX
$5.36B
| $14.8M | 0.02% |
1,192,476
-92,826
| -7% | -$1.2M |
|
|
AEUA
443
DELISTED
Anadarko Petroleum Corporation
AEUA
| $14.8M | 0.02% |
361,790
-360
| -0.1% | -$15.7K |
|
444
Neurocrine Biosciences
NBIX
$15.7B
| $14.8M | 0.02% |
322,116
-328,256
| -50% | -$15.9M |
|
|
BWP
445
DELISTED
Boardwalk Pipeline Partners
BWP
| $14.8M | 0.02% |
821,559
-3,682
| -0.4% | -$66.3K |
|
|
TPGH.U
446
DELISTED
TPG Pace Holdings Corp. Units, each consisting of one Class A ordinary share, $.0001 par value, and
TPGH.U
| $14.4M | 0.02% |
+1,400,000
| New | +$14.4M |
|
|
ABMD
447
DELISTED
Abiomed Inc
ABMD
| $14.3M | 0.02% |
99,491
-3,858
| -4% | -$518K |
|
448
Coca-Cola
KO
$386B
| $14.2M | 0.02% |
+315,594
| New | +$13.9M |
|
|
MULE
449
DELISTED
MuleSoft, Inc.
MULE
| $14M | 0.01% |
562,923
+20,823
| +4% | +$503K |
|
|
NBLX
450
DELISTED
Noble Midstream Partners LP
NBLX
| $13.8M | 0.01% |
303,960
-104,494
| -26% | -$4.97M |
|
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Jennison Associates's Q2 2017 Portfolio in Review
As of Q2 2017, Jennison Associates held 698 positions worth $94.3B, up 1.1% from $93.2B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates withdrew a net $3.11B in Q2 2017, closing 61 positions and reducing 332 holdings. Its most notable exit was NXP Semiconductors, an estimated $452M 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 Healthcare.
Against the trend, Jennison Associates opened a new position in Newell Brands worth $125M.
- Jennison Associates's largest Q2 2017 buy was Newell Brands: 2,328,211 shares worth $125M.
- Jennison Associates added most to McDonald's in Q2 2017, an estimated $770M increase.
- Jennison Associates's biggest Q2 2017 reduction was Nike, cutting an estimated $1.22B.
- Jennison Associates fully exited NXP Semiconductors in Q2 2017, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 27% of its $94.3B portfolio in Q2 2017.
- Jennison Associates opened 62 new positions and closed 61 in Q2 2017.
- Jennison Associates's portfolio value rose 1.1% quarter-over-quarter to $94.3B.
Based on Jennison Associates's 13F filing for Q2 2017, filed 4 Aug 2017.