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 | 20.86% |
| 2 | Consumer Discretionary | 15.64% |
| 3 | Financials | 12.8% |
| 4 | Healthcare | 12.56% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Syndax Pharmaceuticals
SNDX
$1.85B
| $4.65M | ﹤0.01% |
531,028
-420,870
| -44% | -$4.16M |
|
502
Westlake Corp
WLK
$9.37B
| $4.41M | ﹤0.01% |
41,393
+927
| +2% | +$85.9K |
|
503
InflaRx
IFRX
$252M
| $4.24M | ﹤0.01% |
+202,306
| New | +$3.65M |
|
504
Norfolk Southern
NSC
$77B
| $4.21M | ﹤0.01% |
+29,044
| New | +$3.9M |
|
|
BWP
505
DELISTED
Boardwalk Pipeline Partners
BWP
| $4.09M | ﹤0.01% |
316,517
-40
| -0% | -$565 |
|
|
SBT
506
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $3.62M | ﹤0.01% |
+284,969
| New | +$3.64M |
|
507
Rocket Pharmaceuticals
RCKT
$359M
| $3.57M | ﹤0.01% |
341,713
-47,466
| -12% | -$471K |
|
|
MON
508
DELISTED
Monsanto Co
MON
| $3.47M | ﹤0.01% |
29,681
+16,053
| +118% | +$1.91M |
|
509
IBM
IBM
$205B
| $3.45M | ﹤0.01% |
23,521
-774
| -3% | -$113K |
|
|
CNR
510
Core Natural Resources Inc
CNR
$4.16B
| $3.3M | ﹤0.01% |
+83,621
| New | +$2.44M |
|
511
First Bancorp
FBNC
$2.61B
| $3.28M | ﹤0.01% |
92,940
+2,152
| +2% | +$78K |
|
|
NAK
512
Northern Dynasty Minerals
NAK
$846M
| $3.12M | ﹤0.01% |
1,763,422
| – | – |
|
513
Tempest Therapeutics
TPST
$15.1M
| $3.06M | ﹤0.01% |
748
| – | – |
|
514
LyondellBasell Industries
LYB
$19.1B
| $2.89M | ﹤0.01% |
26,233
+13,851
| +112% | +$1.44M |
|
515
Johnson & Johnson
JNJ
$645B
| $2.8M | ﹤0.01% |
20,053
-1,603
| -7% | -$223K |
|
516
iShares MSCI India ETF
INDA
$6.75B
| $2.73M | ﹤0.01% |
75,552
| – | – |
|
517
Northrop Grumman
NOC
$78B
| $2.67M | ﹤0.01% |
8,691
-481
| -5% | -$144K |
|
|
RNTX
518
Rein Therapeutics
RNTX
$67.2M
| $2.66M | ﹤0.01% |
12,612
+145
| +1% | +$34.8K |
|
|
REVG
519
DELISTED
REV Group
REVG
| $2.4M | ﹤0.01% |
+73,923
| New | +$2.03M |
|
520
Micron Technology
MU
$984B
| $2.36M | ﹤0.01% |
57,301
-8,434
| -13% | -$363K |
|
521
Sociedad Química y Minera de Chile
SQM
$19.7B
| $2.31M | ﹤0.01% |
38,990
+1,197
| +3% | +$68.6K |
|
522
Seres Therapeutics
MCRB
$48.1M
| $2.31M | ﹤0.01% |
+11,379
| New | +$2.34M |
|
523
NXP Semiconductors
NXPI
$66.5B
| $2.2M | ﹤0.01% |
+18,801
| New | +$2.17M |
|
524
MakeMyTrip
MMYT
$4.93B
| $2.2M | ﹤0.01% |
73,562
+1,606
| +2% | +$44.4K |
|
|
TPH
525
DELISTED
Tri Pointe Homes
TPH
| $2.14M | ﹤0.01% |
119,392
+37,455
| +46% | +$631K |
|
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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.