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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.11% |
| 2 | Consumer Discretionary | 15.78% |
| 3 | Financials | 12.94% |
| 4 | Healthcare | 12.88% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RHT
26
DELISTED
Red Hat Inc
RHT
| $1.15B | 1.13% |
9,552,072
+1,550,821
| +19% | +$190M |
|
27
Parker-Hannifin
PH
$125B
| $1.13B | 1.11% |
5,650,607
+522,942
| +10% | +$97.2M |
|
28
Charter Communications
CHTR
$18.3B
| $1.1B | 1.09% |
3,286,784
-315,538
| -9% | -$107M |
|
|
29
AbbVie
ABBV
$451B
| $1.1B | 1.08% |
11,353,745
+5,227,056
| +85% | +$493M |
|
30
Tesla
TSLA
$1.38T
| $1.05B | 1.04% |
50,738,295
+7,421,415
| +17% | +$161M |
|
31
BioMarin Pharmaceuticals
BMRN
$12.5B
| $1.05B | 1.04% |
11,809,695
-504,662
| -4% | -$43.9M |
|
|
CELG
32
DELISTED
Celgene Corp
CELG
| $1.02B | 1.01% |
9,815,811
-5,146,596
| -34% | -$581M |
|
33
Albemarle
ALB
$16.2B
| $1.01B | 0.99% |
7,876,682
+79,606
| +1% | +$10.8M |
|
34
Illumina
ILMN
$32.6B
| $964M | 0.95% |
4,536,174
+365,145
| +9% | +$75.1M |
|
|
35
Caterpillar
CAT
$368B
| $938M | 0.93% |
5,951,370
+3,324,051
| +127% | +$461M |
|
|
CXO
36
DELISTED
CONCHO RESOURCES INC.
CXO
| $932M | 0.92% |
6,201,680
+561,485
| +10% | +$78.1M |
|
37
FedEx
FDX
$78.3B
| $920M | 0.91% |
3,687,689
+1,185,447
| +47% | +$271M |
|
38
Texas Instruments
TXN
$236B
| $910M | 0.9% |
8,708,463
+2,061,255
| +31% | +$201M |
|
|
ATVI
39
DELISTED
Activision Blizzard
ATVI
| $876M | 0.87% |
13,831,758
-6,294,543
| -31% | -$398M |
|
|
40
Booking.com
BKNG
$155B
| $838M | 0.83% |
12,054,400
-7,989,575
| -40% | -$579M |
|
41
Monster Beverage
MNST
$91.8B
| $831M | 0.82% |
52,504,992
+4,291,092
| +9% | +$64.3M |
|
42
Vertex Pharmaceuticals
VRTX
$137B
| $830M | 0.82% |
5,537,907
-479,859
| -8% | -$71.1M |
|
43
Corpay
CPAY
$26.8B
| $828M | 0.82% |
4,303,183
-150,608
| -3% | -$26.5M |
|
44
Workday
WDAY
$50.6B
| $753M | 0.74% |
7,400,357
-268,475
| -4% | -$28.7M |
|
|
SPLK
45
DELISTED
Splunk Inc
SPLK
| $677M | 0.67% |
8,174,945
-584,325
| -7% | -$42.9M |
|
|
ALXN
46
DELISTED
Alexion Pharmaceuticals
ALXN
| $600M | 0.59% |
5,021,165
-311,471
| -6% | -$37.9M |
|
47
Halliburton
HAL
$30.1B
| $433M | 0.43% |
8,857,279
+130,567
| +1% | +$5.76M |
|
|
48
Crown Castle
CCI
$32.4B
| $383M | 0.38% |
3,454,007
-4,588,141
| -57% | -$495M |
|
49
Corning
GLW
$128B
| $368M | 0.36% |
11,491,434
+2,284,899
| +25% | +$71.9M |
|
|
AGN
50
DELISTED
Allergan plc
AGN
| $343M | 0.34% |
2,099,272
-2,157,147
| -51% | -$387M |
|
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Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.