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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.06% |
| 2 | Consumer Discretionary | 16.67% |
| 3 | Financials | 13.94% |
| 4 | Healthcare | 12.79% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
FedEx
FDX
$78.3B
| $1.12B | 1.11% |
4,669,712
+982,023
| +27% | +$248M |
|
27
Vertex Pharmaceuticals
VRTX
$137B
| $1.1B | 1.1% |
6,775,328
+1,237,421
| +22% | +$202M |
|
|
28
McDonald's
MCD
$188B
| $1.05B | 1.05% |
6,740,196
-2,080,032
| -24% | -$342M |
|
|
ATVI
29
DELISTED
Activision Blizzard
ATVI
| $1.02B | 1.01% |
15,064,595
+1,232,837
| +9% | +$87M |
|
30
Booking.com
BKNG
$155B
| $978M | 0.97% |
11,751,525
-302,875
| -3% | -$23.8M |
|
31
Charter Communications
CHTR
$18.3B
| $974M | 0.97% |
3,131,068
-155,716
| -5% | -$54.7M |
|
32
Illumina
ILMN
$32.6B
| $972M | 0.97% |
4,226,967
-309,207
| -7% | -$70.9M |
|
33
Workday
WDAY
$49.3B
| $957M | 0.95% |
7,531,330
+130,973
| +2% | +$16M |
|
34
BioMarin Pharmaceuticals
BMRN
$12.5B
| $954M | 0.95% |
11,762,823
-46,872
| -0.4% | -$4.02M |
|
|
35
PNC Financial Services
PNC
$96.6B
| $933M | 0.93% |
6,166,908
+4,059,636
| +193% | +$630M |
|
36
Parker-Hannifin
PH
$125B
| $906M | 0.9% |
5,298,184
-352,423
| -6% | -$66.8M |
|
37
Caterpillar
CAT
$368B
| $901M | 0.9% |
6,115,141
+163,771
| +3% | +$25.9M |
|
38
Tesla
TSLA
$1.38T
| $863M | 0.86% |
48,642,150
-2,096,145
| -4% | -$46.1M |
|
39
Texas Instruments
TXN
$236B
| $861M | 0.86% |
8,291,243
-417,220
| -5% | -$45.2M |
|
|
CXO
40
DELISTED
CONCHO RESOURCES INC.
CXO
| $858M | 0.85% |
5,708,773
-492,907
| -8% | -$75.1M |
|
|
ALXN
41
DELISTED
Alexion Pharmaceuticals
ALXN
| $835M | 0.83% |
7,487,593
+2,466,428
| +49% | +$295M |
|
42
Corpay
CPAY
$26.8B
| $814M | 0.81% |
4,021,164
-282,019
| -7% | -$57.2M |
|
|
SPLK
43
DELISTED
Splunk Inc
SPLK
| $791M | 0.79% |
8,039,709
-135,236
| -2% | -$12.9M |
|
|
CELG
44
DELISTED
Celgene Corp
CELG
| $782M | 0.78% |
8,767,112
-1,048,699
| -11% | -$101M |
|
|
45
Nike
NKE
$58.7B
| $774M | 0.77% |
11,653,434
+9,495,093
| +440% | +$627M |
|
46
Monster Beverage
MNST
$91.8B
| $700M | 0.7% |
48,931,476
-3,573,516
| -7% | -$55.8M |
|
|
47
AbbVie
ABBV
$451B
| $586M | 0.58% |
6,192,348
-5,161,397
| -45% | -$567M |
|
48
Albemarle
ALB
$16.2B
| $560M | 0.56% |
6,040,464
-1,836,218
| -23% | -$202M |
|
|
XYZ
49
Block Inc
XYZ
$50.2B
| $450M | 0.45% |
9,153,175
+6,660,350
| +267% | +$306M |
|
50
Halliburton
HAL
$30.1B
| $377M | 0.37% |
8,030,100
-827,179
| -9% | -$40.8M |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.11B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
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.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.