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 | |
|---|---|---|---|---|---|---|
|
BECN
451
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $13.7M | 0.01% |
279,488
+159,210
| +132% | +$7.82M |
|
452
TG Therapeutics
TGTX
$8.26B
| $13.6M | 0.01% |
1,350,881
-25,412
| -2% | -$284K |
|
453
Syndax Pharmaceuticals
SNDX
$1.74B
| $13.3M | 0.01% |
+953,862
| New | +$10.9M |
|
|
NSTG
454
DELISTED
NanoString Technologies, Inc.
NSTG
| $13.3M | 0.01% |
801,184
+254
| +0% | +$4.49K |
|
|
BRKL
455
DELISTED
Brookline Bancorp
BRKL
| $13.2M | 0.01% |
902,960
+856,984
| +1,864% | +$12.4M |
|
456
ProQR Therapeutics
PRQR
$323M
| $12.9M | 0.01% |
2,472,608
-112,439
| -4% | -$559K |
|
457
Energy Transfer Partners
ET
$73.4B
| $12.5M | 0.01% |
693,496
+107,269
| +18% | +$1.91M |
|
458
Corvus Pharmaceuticals
CRVS
$1.19B
| $12.3M | 0.01% |
1,019,013
+475,164
| +87% | +$5.07M |
|
|
NS
459
DELISTED
NuStar Energy L.P.
NS
| $12.2M | 0.01% |
262,601
-1,162
| -0.4% | -$54.3K |
|
|
NSU
460
DELISTED
Nevsun Resources Ltd.
NSU
| $12.1M | 0.01% |
5,016,745
-420,659
| -8% | -$1.01M |
|
|
AGU
461
DELISTED
Agrium
AGU
| $11.9M | 0.01% |
130,803
-67,744
| -34% | -$6.26M |
|
|
RICE
462
DELISTED
Rice Energy Inc.
RICE
| $11.7M | 0.01% |
440,908
-950,156
| -68% | -$21.1M |
|
|
BPMC
463
DELISTED
Blueprint Medicines
BPMC
| $11.6M | 0.01% |
229,142
+79,142
| +53% | +$3.36M |
|
464
BioCryst Pharmaceuticals
BCRX
$2.51B
| $11.6M | 0.01% |
2,080,818
+236,182
| +13% | +$1.44M |
|
465
NCS Multistage Holdings
NCSM
$136M
| $11.5M | 0.01% |
+22,933
| New | +$10.8M |
|
466
Byline Bancorp
BY
$1.73B
| $11.4M | 0.01% |
+566,180
| New | +$11.4M |
|
|
CIM
467
Chimera Investment
CIM
$963M
| $11.3M | 0.01% |
201,324
-7,806
| -4% | -$452K |
|
468
Freeport-McMoran
FCX
$110B
| $11.1M | 0.01% |
923,019
-67,362
| -7% | -$818K |
|
|
ISBC
469
DELISTED
Investors Bancorp, Inc.
ISBC
| $11M | 0.01% |
823,252
-2,306
| -0.3% | -$31.6K |
|
470
Commault Systems
CVLT
$5.65B
| $10.9M | 0.01% |
192,925
-77,762
| -29% | -$4.26M |
|
471
Shopify
SHOP
$197B
| $10.7M | 0.01% |
+1,235,360
| New | +$10.4M |
|
472
Oneok
OKE
$59.7B
| $10.7M | 0.01% |
205,517
-305,635
| -60% | -$15.8M |
|
473
Dorman Products
DORM
$3.84B
| $10.7M | 0.01% |
128,858
-235,862
| -65% | -$19.3M |
|
|
BAS
474
DELISTED
Basis Energy Services, Inc.
BAS
| $10.6M | 0.01% |
424,199
-8,131
| -2% | -$226K |
|
|
AY
475
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $10.5M | 0.01% |
491,247
-4,595,545
| -90% | -$94.5M |
|
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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.