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 | |
|---|---|---|---|---|---|---|
26
Tesla
TSLA
$1.38T
| $1.09B | 1.15% |
45,040,275
+1,867,665
| +4% | +$41.1M |
|
27
Parker-Hannifin
PH
$125B
| $963M | 1.02% |
6,026,440
+1,336,541
| +28% | +$212M |
|
|
28
McDonald's
MCD
$188B
| $936M | 0.99% |
6,109,830
+5,327,778
| +681% | +$770M |
|
29
Home Depot
HD
$329B
| $931M | 0.99% |
6,068,468
+761,586
| +14% | +$117M |
|
|
RHT
30
DELISTED
Red Hat Inc
RHT
| $895M | 0.95% |
9,351,184
-788,687
| -8% | -$70.4M |
|
31
Illumina
ILMN
$32.6B
| $807M | 0.86% |
4,779,991
-631,760
| -12% | -$109M |
|
32
Costco
COST
$419B
| $799M | 0.85% |
4,998,699
-420,122
| -8% | -$72.4M |
|
|
33
Crown Castle
CCI
$32.4B
| $782M | 0.83% |
7,806,109
+6,901,353
| +763% | +$678M |
|
34
Workday
WDAY
$49.3B
| $762M | 0.81% |
7,854,231
-318,272
| -4% | -$29.7M |
|
|
CXO
35
DELISTED
CONCHO RESOURCES INC.
CXO
| $734M | 0.78% |
6,038,410
+211,679
| +4% | +$26.8M |
|
36
Ulta Beauty
ULTA
$22.1B
| $709M | 0.75% |
2,468,332
+205,289
| +9% | +$59.9M |
|
37
Albemarle
ALB
$16.2B
| $678M | 0.72% |
6,421,530
+689,054
| +12% | +$74.9M |
|
38
FedEx
FDX
$78.3B
| $674M | 0.72% |
3,102,895
-327,076
| -10% | -$64.6M |
|
39
Corpay
CPAY
$26.8B
| $654M | 0.69% |
4,536,595
-70,267
| -2% | -$10M |
|
|
40
Vertex Pharmaceuticals
VRTX
$137B
| $651M | 0.69% |
5,055,122
+3,626,368
| +254% | +$437M |
|
41
Regeneron Pharmaceuticals
REGN
$81.8B
| $635M | 0.67% |
1,292,863
+532,547
| +70% | +$233M |
|
|
SHPG
42
DELISTED
Shire pic
SHPG
| $617M | 0.65% |
3,734,598
-2,735,374
| -42% | -$478M |
|
43
Expedia Group
EXPE
$39.5B
| $596M | 0.63% |
3,998,193
+599,037
| +18% | +$84.1M |
|
44
Monster Beverage
MNST
$91.8B
| $595M | 0.63% |
47,941,736
-5,689,140
| -11% | -$68.5M |
|
45
Texas Instruments
TXN
$236B
| $590M | 0.63% |
7,674,823
-406,073
| -5% | -$32.6M |
|
46
O'Reilly Automotive
ORLY
$71.6B
| $559M | 0.59% |
38,331,990
-6,232,005
| -14% | -$102M |
|
|
SPLK
47
DELISTED
Splunk Inc
SPLK
| $511M | 0.54% |
8,979,281
-2,333,199
| -21% | -$145M |
|
48
UnitedHealth
UNH
$353B
| $418M | 0.44% |
2,252,507
+1,449,130
| +180% | +$254M |
|
49
Qualcomm
QCOM
$175B
| $397M | 0.42% |
7,197,788
-1,087,996
| -13% | -$60.8M |
|
50
PG&E
PCG
$36.6B
| $370M | 0.39% |
5,573,644
+424,404
| +8% | +$28.6M |
|
Similar funds
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.