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 | |
|---|---|---|---|---|---|---|
|
MRTX
451
PUT
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $8.24M | 0.01% |
+80,000
| New | +$6.23M |
|
|
EQM
452
DELISTED
EQM Midstream Partners, LP
EQM
| $8.22M | 0.01% |
183,893
-60,949
| -25% | -$2.74M |
|
|
PE
453
DELISTED
PARSLEY ENERGY INC
PE
| $8.13M | 0.01% |
427,599
+108,275
| +34% | +$2.07M |
|
|
OLBK
454
DELISTED
Old Line Bancshares, Inc.
OLBK
| $8.05M | 0.01% |
302,689
-198,751
| -40% | -$5.08M |
|
455
Mayville Engineering Co
MEC
$685M
| $8.02M | 0.01% |
+581,479
| New | +$8.96M |
|
|
CHX
456
DELISTED
ChampionX
CHX
| $7.88M | 0.01% |
234,937
+47,881
| +26% | +$1.74M |
|
457
ProPetro Holding
PUMP
$1.26B
| $7.66M | 0.01% |
370,081
-201,194
| -35% | -$4.27M |
|
458
Delek US
DK
$4B
| $7.56M | 0.01% |
+186,668
| New | +$6.83M |
|
459
Trex
TREX
$4.43B
| $7.53M | 0.01% |
+210,154
| New | +$7.12M |
|
|
RUBY
460
DELISTED
Rubius Therapeutics, Inc
RUBY
| $7.53M | 0.01% |
478,393
-1,005
| -0.2% | -$16.2K |
|
|
SEI
461
Solaris Energy Infrastructure
SEI
$2.79B
| $7.45M | 0.01% |
497,157
+2,477
| +0.5% | +$41.1K |
|
462
Devon Energy
DVN
$50.8B
| $7.24M | 0.01% |
253,990
-464
| -0.2% | -$13.8K |
|
463
Arcosa
ACA
$7.13B
| $7.22M | 0.01% |
191,867
-66,568
| -26% | -$2.28M |
|
464
Waste Management
WM
$97B
| $7.13M | 0.01% |
61,844
+58,911
| +2,009% | +$6.39M |
|
|
AVTR.PRA
465
DELISTED
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
| $6.95M | 0.01% |
+105,106
| New | +$6.53M |
|
|
BPL
466
DELISTED
Buckeye Partners, L.P.
BPL
| $6.8M | 0.01% |
165,630
-1,615
| -1% | -$60.9K |
|
|
WCN
467
Waste Connections
WCN
$43.3B
| $6.75M | 0.01% |
70,673
-1,130
| -2% | -$104K |
|
468
Mueller Water Products
MWA
$4B
| $6.74M | 0.01% |
686,363
-35,010
| -5% | -$350K |
|
|
CHNG
469
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $6.57M | 0.01% |
+450,000
| New | +$6.66M |
|
|
CLR
470
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $6.49M | 0.01% |
154,167
-229,745
| -60% | -$9.82M |
|
|
RTLR
471
DELISTED
Rattler Midstream LP Common Units
RTLR
| $6.23M | 0.01% |
+321,258
| New | +$6.15M |
|
472
Wheaton Precious Metals
WPM
$48.7B
| $6.15M | 0.01% |
254,419
-127,048
| -33% | -$2.82M |
|
|
NBLX
473
DELISTED
Noble Midstream Partners LP
NBLX
| $5.91M | 0.01% |
177,805
-73,878
| -29% | -$2.5M |
|
474
The RealReal
REAL
$1.45B
| $5.78M | 0.01% |
+200,108
| New | +$5.78M |
|
475
Personalis
PSNL
$1.26B
| $5.4M | 0.01% |
+198,852
| New | +$5.62M |
|
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.