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 | |
|---|---|---|---|---|---|---|
|
SRE.PRB
526
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
| $1.45M | ﹤0.01% |
15,000
| – | – |
|
527
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $1.41M | ﹤0.01% |
+5,630
| New | +$1.52M |
|
|
PMT
528
PennyMac Mortgage Investment
PMT
$812M
| $1.37M | ﹤0.01% |
73,440
+23,404
| +47% | +$467K |
|
529
Herbalife
HLF
$1.29B
| $1.35M | ﹤0.01% |
22,861
+11,775
| +106% | +$650K |
|
530
Sabra Healthcare REIT
SBRA
$5.38B
| $1.32M | ﹤0.01% |
79,964
+47,598
| +147% | +$958K |
|
|
SEM
531
DELISTED
Select Medical
SEM
| $1.28M | ﹤0.01% |
+154,634
| New | +$1.48M |
|
532
Sutro Biopharma
STRO
$411M
| $1.2M | ﹤0.01% |
13,305
-1,695
| -11% | -$205K |
|
533
iShares MSCI ACWI ETF
ACWI
$32.7B
| $1.16M | ﹤0.01% |
+18,138
| New | +$1.25M |
|
534
Asbury Automotive
ABG
$4.34B
| $1.16M | ﹤0.01% |
17,393
-2,088
| -11% | -$137K |
|
|
AVX
535
DELISTED
AVX Corporation
AVX
| $1.13M | ﹤0.01% |
+74,348
| New | +$1.2M |
|
536
CareDx
CDNA
$1.97B
| $1.12M | ﹤0.01% |
+44,664
| New | +$1.15M |
|
537
OFG Bancorp
OFG
$2.22B
| $1.08M | ﹤0.01% |
+65,946
| New | +$1.11M |
|
538
International Paper
IP
$22.8B
| $1.08M | ﹤0.01% |
+28,274
| New | +$1.19M |
|
539
Sysco
SYY
$40.6B
| $1.06M | ﹤0.01% |
16,913
+7,848
| +87% | +$529K |
|
540
Simon Property Group
SPG
$74.7B
| $1.05M | ﹤0.01% |
+6,256
| New | +$1.12M |
|
541
Virtu Financial
VIRT
$5.15B
| $1.04M | ﹤0.01% |
40,424
-41,143
| -50% | -$992K |
|
542
CVR Energy
CVI
$3.83B
| $995K | ﹤0.01% |
28,871
+14,818
| +105% | +$564K |
|
543
Evertec
EVTC
$1.95B
| $976K | ﹤0.01% |
+33,991
| New | +$890K |
|
|
AEL
544
DELISTED
American Equity Investment Life Holding Company
AEL
| $975K | ﹤0.01% |
34,889
+16,256
| +87% | +$522K |
|
545
Sociedad Química y Minera de Chile
SQM
$19.5B
| $928K | ﹤0.01% |
24,239
+461
| +2% | +$19.9K |
|
546
New Jersey Resources
NJR
$5.91B
| $898K | ﹤0.01% |
+19,654
| New | +$927K |
|
547
NorthWestern Energy
NWE
$4.29B
| $893K | ﹤0.01% |
15,029
+5,437
| +57% | +$334K |
|
548
F5
FFIV
$22.1B
| $880K | ﹤0.01% |
+5,432
| New | +$932K |
|
|
CHSP
549
DELISTED
Chesapeake Lodging Trust
CHSP
| $875K | ﹤0.01% |
35,950
+23,578
| +191% | +$680K |
|
|
WPG
550
DELISTED
Washington Prime Group Inc.
WPG
| $853K | ﹤0.01% |
+19,500
| New | +$1.09M |
|
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.