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 | |
|---|---|---|---|---|---|---|
426
Sunrun
RUN
$2.26B
| $11.1M | 0.01% |
589,376
-55,561
| -9% | -$904K |
|
|
XENT
427
DELISTED
Intersect ENT, Inc
XENT
| $10.7M | 0.01% |
469,658
+381,857
| +435% | +$10.3M |
|
428
Trane Technologies
TT
$99.8B
| $10.6M | 0.01% |
+83,758
| New | +$10M |
|
|
ADSW
429
DELISTED
Advanced Disposal Services Inc
ADSW
| $10.3M | 0.01% |
322,080
-1,292,342
| -80% | -$40.7M |
|
430
Armstrong World Industries
AWI
$7.4B
| $9.88M | 0.01% |
101,669
+45,709
| +82% | +$4.09M |
|
431
TC Energy
TRP
$70.5B
| $9.81M | 0.01% |
197,979
+432
| +0.2% | +$20.7K |
|
|
NVTA
432
DELISTED
Invitae Corporation
NVTA
| $9.76M | 0.01% |
+415,456
| New | +$8.84M |
|
|
TPTX
433
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $9.64M | 0.01% |
+236,918
| New | +$8.45M |
|
434
Douglas Emmett
DEI
$2.09B
| $9.59M | 0.01% |
240,653
-16,386
| -6% | -$671K |
|
435
ConocoPhillips
COP
$144B
| $9.58M | 0.01% |
+157,032
| New | +$9.77M |
|
|
CELG
436
DELISTED
Celgene Corp
CELG
| $9.53M | 0.01% |
103,108
-120,347
| -54% | -$11.4M |
|
437
Zai Lab
ZLAB
$2.06B
| $9.22M | 0.01% |
+264,540
| New | +$7.79M |
|
438
AnaptysBio
ANAB
$1.5B
| $9.16M | 0.01% |
162,422
+66,031
| +69% | +$4.75M |
|
439
Constellium
CSTM
$3.8B
| $9.08M | 0.01% |
904,401
-246,202
| -21% | -$2.28M |
|
440
Kosmos Energy
KOS
$1.45B
| $9.04M | 0.01% |
1,442,618
-557,414
| -28% | -$3.56M |
|
|
SAND
441
DELISTED
Sandstorm Gold
SAND
| $8.95M | 0.01% |
1,616,131
+7,236
| +0.4% | +$38.9K |
|
442
Western Midstream Partners
WES
$19.6B
| $8.84M | 0.01% |
287,301
-164,572
| -36% | -$5.07M |
|
443
Select Water Solutions
WTTR
$2.23B
| $8.79M | 0.01% |
756,778
+2,505
| +0.3% | +$29.2K |
|
|
FOCS
444
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $8.77M | 0.01% |
320,980
-19,358
| -6% | -$631K |
|
|
ARYAU
445
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $8.73M | 0.01% |
817,049
-1,800
| -0.2% | -$19K |
|
|
QVCGA
446
DELISTED
QVC Group Inc Series A
QVCGA
| $8.59M | 0.01% |
14,286
-5,541
| -28% | -$3.95M |
|
|
CEQP
447
DELISTED
Crestwood Equity Partners LP
CEQP
| $8.43M | 0.01% |
235,732
-2,307
| -1% | -$82.6K |
|
448
First Solar
FSLR
$21.6B
| $8.38M | 0.01% |
127,509
+9,796
| +8% | +$589K |
|
|
ENBL
449
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $8.34M | 0.01% |
+608,029
| New | +$8.23M |
|
|
GTLS
450
DELISTED
Chart Industries
GTLS
| $8.31M | 0.01% |
108,086
+41,813
| +63% | +$3.43M |
|
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.