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 | |
|---|---|---|---|---|---|---|
476
CME Group
CME
$96.1B
| $4.73M | ﹤0.01% |
24,390
-30,013
| -55% | -$5.53M |
|
477
Ferrari
RACE
$69.9B
| $4.7M | ﹤0.01% |
29,126
+12,921
| +80% | +$1.86M |
|
|
MNRL
478
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $4.68M | ﹤0.01% |
+218,302
| New | +$4.53M |
|
|
DBVT
479
DBV Technologies
DBVT
$817M
| $4.4M | ﹤0.01% |
53,521
-108
| -0.2% | -$9.65K |
|
480
iShares Russell 1000 Growth ETF
IWF
$120B
| $4.31M | ﹤0.01% |
109,564
+30,648
| +39% | +$1.19M |
|
481
Warrior Met Coal
HCC
$4.25B
| $4.24M | ﹤0.01% |
162,318
-97,889
| -38% | -$2.79M |
|
482
Viking Therapeutics
VKTX
$3.86B
| $4.21M | ﹤0.01% |
507,579
-5,116
| -1% | -$43.7K |
|
|
TPIC
483
DELISTED
TPI Composites
TPIC
| $4.11M | ﹤0.01% |
+166,122
| New | +$4.25M |
|
|
NESR
484
National Energy Services Reunited Corp
NESR
$2.67B
| $3.98M | ﹤0.01% |
+457,628
| New | +$4.36M |
|
485
Amgen
AMGN
$209B
| $3.65M | ﹤0.01% |
19,816
-470
| -2% | -$84.2K |
|
|
SBT
486
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $3M | ﹤0.01% |
300,604
| – | – |
|
487
Plains GP Holdings
PAGP
$5.26B
| $2.9M | ﹤0.01% |
+116,178
| New | +$2.81M |
|
|
CHNGU
488
DELISTED
Change Healthcare Inc. Tangible Equity Units
CHNGU
| $2.81M | ﹤0.01% |
+50,000
| New | +$2.81M |
|
489
State Street SPDR S&P Metals & Mining ETF
XME
$3.92B
| $2.72M | ﹤0.01% |
95,993
-9,858
| -9% | -$274K |
|
|
ETRN
490
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $2.64M | ﹤0.01% |
+133,798
| New | +$2.78M |
|
491
HCA Healthcare
HCA
$85.7B
| $2.4M | ﹤0.01% |
17,781
-532
| -3% | -$67.3K |
|
|
ICD
492
DELISTED
Independence Contract Drilling, Inc.
ICD
| $2.37M | ﹤0.01% |
75,074
-14,099
| -16% | -$689K |
|
493
RBC Bearings
RBC
$17.8B
| $2.28M | ﹤0.01% |
13,652
+129
| +1% | +$18.3K |
|
494
ASML
ASML
$634B
| $2.23M | ﹤0.01% |
10,735
+2,452
| +30% | +$487K |
|
495
Oracle
ORCL
$367B
| $2.12M | ﹤0.01% |
37,287
-272
| -0.7% | -$14.7K |
|
496
Cummins
CMI
$87.3B
| $2.06M | ﹤0.01% |
12,036
-302
| -2% | -$49.4K |
|
|
DFS
497
DELISTED
Discover Financial Services
DFS
| $2.05M | ﹤0.01% |
26,436
-2,645
| -9% | -$205K |
|
498
eBay
EBAY
$50.4B
| $1.99M | ﹤0.01% |
50,478
-1,121
| -2% | -$42.1K |
|
499
New Jersey Resources
NJR
$5.91B
| $1.91M | ﹤0.01% |
38,361
+5,163
| +16% | +$254K |
|
500
Synchrony
SYF
$25.1B
| $1.89M | ﹤0.01% |
54,552
-5,689
| -9% | -$193K |
|
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.