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 |
Merck
MRK
|
+$891M |
| 2 |
Union Pacific
UNP
|
+$622M |
| 3 |
Salesforce
CRM
|
+$418M |
| 4 |
Edwards Lifesciences
EW
|
+$405M |
| 5 |
lululemon athletica
LULU
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$680M |
| 2 |
Texas Instruments
TXN
|
+$585M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$571M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$558M |
| 5 |
Parker-Hannifin
PH
|
+$556M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.09% |
| 2 | Healthcare | 17.49% |
| 3 | Consumer Discretionary | 17.05% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
State Street SPDR S&P Metals & Mining ETF
XME
$3.92B
| $2.07M | ﹤0.01% |
79,161
-12,477
| -14% | -$377K |
|
502
HCA Healthcare
HCA
$85.7B
| $2.04M | ﹤0.01% |
16,364
-1,838
| -10% | -$247K |
|
|
CTXS
503
DELISTED
Citrix Systems Inc
CTXS
| $1.84M | ﹤0.01% |
+17,944
| New | +$1.9M |
|
504
Fortinet
FTNT
$113B
| $1.81M | ﹤0.01% |
128,820
-1,575
| -1% | -$24K |
|
505
RBC Bearings
RBC
$17.8B
| $1.81M | ﹤0.01% |
13,773
-544
| -4% | -$79.2K |
|
506
iShares North American Natural Resources ETF
IGE
$741M
| $1.79M | ﹤0.01% |
65,806
+56,335
| +595% | +$1.77M |
|
|
DFS
507
DELISTED
Discover Financial Services
DFS
| $1.77M | ﹤0.01% |
30,008
+1,817
| +6% | +$125K |
|
508
Accenture
ACN
$99.9B
| $1.75M | ﹤0.01% |
12,445
+7,481
| +151% | +$1.18M |
|
509
MakeMyTrip
MMYT
$5.37B
| $1.75M | ﹤0.01% |
72,079
+1,366
| +2% | +$32.8K |
|
510
Yum! Brands
YUM
$43.3B
| $1.74M | ﹤0.01% |
18,949
+11,495
| +154% | +$1.03M |
|
511
TripAdvisor
TRIP
$1.65B
| $1.69M | ﹤0.01% |
+31,319
| New | +$1.73M |
|
512
Travel + Leisure Co
TNL
$4.61B
| $1.68M | ﹤0.01% |
46,997
+32,580
| +226% | +$1.27M |
|
513
CACI
CACI
$10.5B
| $1.66M | ﹤0.01% |
11,529
+2,640
| +30% | +$449K |
|
514
Western Alliance Bancorporation
WAL
$8.87B
| $1.65M | ﹤0.01% |
+41,823
| New | +$1.98M |
|
515
International Bancshares
IBOC
$4.75B
| $1.65M | ﹤0.01% |
47,955
+31,692
| +195% | +$1.22M |
|
|
GWB
516
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.61M | ﹤0.01% |
51,571
+894
| +2% | +$32.5K |
|
517
H&R Block
HRB
$5.61B
| $1.61M | ﹤0.01% |
+63,298
| New | +$1.69M |
|
|
NCI
518
DELISTED
Navigant Consulting, Inc.
NCI
| $1.57M | ﹤0.01% |
65,488
+35,977
| +122% | +$823K |
|
|
VMW
519
DELISTED
VMware, Inc
VMW
| $1.57M | ﹤0.01% |
11,469
+7,207
| +169% | +$1.09M |
|
520
Columbia Banking Systems
COLB
$8.84B
| $1.51M | ﹤0.01% |
41,526
-8,832
| -18% | -$331K |
|
521
AutoZone
AZO
$49.1B
| $1.51M | ﹤0.01% |
+1,796
| New | +$1.44M |
|
522
T-Mobile US
TMUS
$186B
| $1.5M | ﹤0.01% |
+23,511
| New | +$1.58M |
|
523
Marcus & Millichap
MMI
$1.18B
| $1.49M | ﹤0.01% |
43,354
+6,658
| +18% | +$228K |
|
524
FTI Consulting
FCN
$4.95B
| $1.46M | ﹤0.01% |
21,887
-6,315
| -22% | -$424K |
|
|
CVA
525
DELISTED
Covanta Holding Corporation
CVA
| $1.46M | ﹤0.01% |
+108,610
| New | +$1.68M |
|
Similar funds
Jennison Associates's Q4 2018 Portfolio in Review
As of Q4 2018, Jennison Associates held 753 positions worth $89.4B, down 18% from $109B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q4 2018 filing shows 95 new, 255 increased, 283 reduced and 113 closed positions. Its largest new stake was lululemon athletica: 2,588,881 shares worth $315M. The largest sale was Caterpillar, an estimated $680M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Jennison Associates's largest Q4 2018 buy was lululemon athletica: 2,588,881 shares worth $315M.
- Jennison Associates added most to Merck in Q4 2018, an estimated $891M increase.
- Jennison Associates's biggest Q4 2018 reduction was Caterpillar, cutting an estimated $680M.
- Jennison Associates fully exited Tiffany & Co. in Q4 2018, selling an estimated $151M.
- Jennison Associates's ten largest holdings make up 30% of its $89.4B portfolio in Q4 2018.
- Jennison Associates opened 95 new positions and closed 113 in Q4 2018.
- Jennison Associates's portfolio value fell 18% quarter-over-quarter to $89.4B.
Based on Jennison Associates's 13F filing for Q4 2018, filed 6 Feb 2019.