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 | |
|---|---|---|---|---|---|---|
|
GWB
501
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.86M | ﹤0.01% |
52,189
+490
| +0.9% | +$16.5K |
|
|
LTC
502
LTC Properties
LTC
$2.14B
| $1.83M | ﹤0.01% |
40,033
+8,417
| +27% | +$382K |
|
503
Omnicom Group
OMC
$24.6B
| $1.81M | ﹤0.01% |
22,117
-5,269
| -19% | -$416K |
|
504
Western Union
WU
$2.58B
| $1.81M | ﹤0.01% |
91,112
-6,343
| -7% | -$124K |
|
505
Sutro Biopharma
STRO
$393M
| $1.81M | ﹤0.01% |
15,887
+2,108
| +15% | +$232K |
|
506
International Bancshares
IBOC
$4.83B
| $1.8M | ﹤0.01% |
47,626
+308
| +0.7% | +$12.1K |
|
507
MakeMyTrip
MMYT
$5.1B
| $1.79M | ﹤0.01% |
72,079
| – | – |
|
508
Home BancShares
HOMB
$6.31B
| $1.75M | ﹤0.01% |
90,632
+1,331
| +1% | +$24.8K |
|
509
CACI
CACI
$11.3B
| $1.74M | ﹤0.01% |
8,524
+80
| +0.9% | +$15.8K |
|
510
Match Group
MTCH
$9.16B
| $1.73M | ﹤0.01% |
25,745
+9,435
| +58% | +$617K |
|
|
VMW
511
DELISTED
VMware, Inc
VMW
| $1.71M | ﹤0.01% |
10,237
-1,017
| -9% | -$191K |
|
512
Progressive
PGR
$128B
| $1.55M | ﹤0.01% |
19,408
-408
| -2% | -$31.6K |
|
513
Ethan Allen Interiors
ETD
$606M
| $1.52M | ﹤0.01% |
72,121
+24,672
| +52% | +$518K |
|
514
Employers Holdings
EIG
$912M
| $1.52M | ﹤0.01% |
35,869
+7,555
| +27% | +$316K |
|
515
Cadence Design Systems
CDNS
$95.1B
| $1.48M | ﹤0.01% |
+20,931
| New | +$1.4M |
|
516
CareDx
CDNA
$1.85B
| $1.48M | ﹤0.01% |
41,110
-3,554
| -8% | -$114K |
|
|
RNTX
517
Rein Therapeutics
RNTX
$66.9M
| $1.47M | ﹤0.01% |
101,913
-100
| -0.1% | -$2.62K |
|
518
PagSeguro Digital
PAGS
$2.69B
| $1.4M | ﹤0.01% |
36,011
| – | – |
|
519
FTI Consulting
FCN
$5.04B
| $1.38M | ﹤0.01% |
16,396
+155
| +1% | +$12.7K |
|
|
KNL
520
DELISTED
Knoll, Inc.
KNL
| $1.37M | ﹤0.01% |
59,629
-41
| -0.1% | -$850 |
|
|
IMGN
521
DELISTED
Immunogen Inc
IMGN
| $1.35M | ﹤0.01% |
621,307
-850,369
| -58% | -$2.01M |
|
522
UFP Industries
UFPI
$5.14B
| $1.34M | ﹤0.01% |
35,286
+332
| +0.9% | +$11.5K |
|
523
The Ensign Group
ENSG
$10.7B
| $1.32M | ﹤0.01% |
24,888
+4,583
| +23% | +$229K |
|
|
CBPX
524
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.32M | ﹤0.01% |
49,785
+22,245
| +81% | +$559K |
|
525
Charles River Laboratories
CRL
$11.6B
| $1.32M | ﹤0.01% |
9,295
-195
| -2% | -$26.4K |
|
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.