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
| 1 |
Merck
MRK
|
$921M |
| 2 |
Union Pacific
UNP
|
$581M |
| 3 |
Salesforce
CRM
|
$417M |
| 4 |
Edwards Lifesciences
EW
|
$409M |
| 5 |
ServiceNow
NOW
|
$316M |
Top Sells
| 1 |
Caterpillar
CAT
|
$664M |
| 2 |
RHT
Red Hat Inc
RHT
|
$632M |
| 3 |
Texas Instruments
TXN
|
$571M |
| 4 |
Bristol-Myers Squibb
BMY
|
$540M |
| 5 |
Parker-Hannifin
PH
|
$513M |
Sector Composition
| 1 | Technology | 21.1% |
| 2 | Healthcare | 17.5% |
| 3 | Consumer Discretionary | 17.06% |
| 4 | Financials | 12.7% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
BioMarin Pharmaceuticals
BMRN
$11.3B
| $988M | 1.11% |
11,600,460
+756,222
| +7% | +$64.4M |
|
27
NVIDIA
NVDA
$4.16T
| $948M | 1.06% |
7,104,549
-1,546,008
| -18% | -$206M |
|
28
Intuitive Surgical
ISRG
$168B
| $934M | 1.04% |
1,949,684
+562,441
| +41% | +$269M |
|
29
Estee Lauder
EL
$32.7B
| $908M | 1.02% |
6,977,245
-1,221,326
| -15% | -$159M |
|
30
PayPal
PYPL
$66.2B
| $885M | 0.99% |
10,520,228
-3,053,598
| -22% | -$257M |
|
|
ALXN
31
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $850M | 0.95% |
8,728,912
+101,376
| +1% | +$9.87M |
|
32
Broadcom
AVGO
$1.4T
| $837M | 0.94% |
3,291,070
+3,722
| +0.1% | +$946K |
|
33
McDonald's
MCD
$225B
| $791M | 0.88% |
4,452,089
+144,372
| +3% | +$25.6M |
|
34
Goldman Sachs
GS
$221B
| $787M | 0.88% |
4,710,738
+710,479
| +18% | +$119M |
|
|
RHT
35
DELISTED
Red Hat Inc
RHT
| $775M | 0.87% |
4,414,198
-3,600,249
| -45% | -$632M |
|
36
Corpay
CPAY
$22.4B
| $751M | 0.84% |
4,043,783
-386,582
| -9% | -$71.8M |
|
37
S&P Global
SPGI
$165B
| $716M | 0.8% |
4,214,877
+1,159,521
| +38% | +$197M |
|
|
38
Union Pacific
UNP
$132B
| $710M | 0.79% |
5,134,698
+4,201,086
| +450% | +$581M |
|
|
SPLK
39
DELISTED
Splunk Inc
SPLK
| $705M | 0.79% |
6,721,710
-249,582
| -4% | -$26.2M |
|
|
ATVI
40
DELISTED
Activision Blizzard Inc.
ATVI
| $658M | 0.74% |
14,133,473
-574,472
| -4% | -$26.8M |
|
|
41
Edwards Lifesciences
EW
$48B
| $630M | 0.7% |
4,112,133
+2,667,749
| +185% | +$409M |
|
|
42
Bristol-Myers Squibb
BMY
$96.5B
| $579M | 0.65% |
11,140,493
-10,386,066
| -48% | -$540M |
|
43
Booking.com
BKNG
$178B
| $559M | 0.63% |
324,396
-73,402
| -18% | -$126M |
|
|
XYZ
44
Block, Inc.
XYZ
$46.5B
| $542M | 0.61% |
9,663,722
+2,470,434
| +34% | +$139M |
|
45
Albemarle
ALB
$9.36B
| $536M | 0.6% |
6,954,209
-941,892
| -12% | -$72.6M |
|
46
Crown Castle
CCI
$42.7B
| $497M | 0.56% |
4,571,756
+2,400,421
| +111% | +$261M |
|
47
American Tower
AMT
$93.9B
| $456M | 0.51% |
2,881,240
+1,932,136
| +204% | +$306M |
|
|
48
ServiceNow
NOW
$189B
| $428M | 0.48% |
2,406,077
+1,776,380
| +282% | +$316M |
|
49
Eli Lilly
LLY
$659B
| $396M | 0.44% |
3,425,424
+1,280,878
| +60% | +$148M |
|
|
CELG
50
DELISTED
Celgene Corp
CELG
| $381M | 0.43% |
5,938,788
-2,289,336
| -28% | -$147M |
|