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 | |
|---|---|---|---|---|---|---|
|
PMT
526
PennyMac Mortgage Investment
PMT
$854M
| $1.32M | ﹤0.01% |
60,380
-22,717
| -27% | -$482K |
|
527
Arbutus Biopharma
ABUS
$871M
| $1.31M | ﹤0.01% |
+627,999
| New | +$1.61M |
|
|
SAVE
528
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.29M | ﹤0.01% |
27,078
-269,668
| -91% | -$13.7M |
|
|
XHR
529
Xenia Hotels & Resorts
XHR
$2.01B
| $1.28M | ﹤0.01% |
61,463
-5,560
| -8% | -$120K |
|
530
iShares MSCI ACWI ETF
ACWI
$32.5B
| $1.26M | ﹤0.01% |
+17,088
| New | +$1.25M |
|
531
Southwest Airlines
LUV
$22.7B
| $1.25M | ﹤0.01% |
24,700
-15,547
| -39% | -$805K |
|
532
Evercore
EVR
$13.2B
| $1.24M | ﹤0.01% |
14,018
-378
| -3% | -$33.6K |
|
533
Nexstar Media Group
NXST
$5.92B
| $1.23M | ﹤0.01% |
12,158
-722
| -6% | -$77.5K |
|
534
Herbalife
HLF
$1.3B
| $1.22M | ﹤0.01% |
28,493
-3,346
| -11% | -$158K |
|
|
SC
535
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $1.2M | ﹤0.01% |
50,114
-9,599
| -16% | -$214K |
|
536
CVR Energy
CVI
$3.39B
| $1.19M | ﹤0.01% |
23,806
+225
| +1% | +$10.1K |
|
537
Dell
DELL
$253B
| $1.18M | ﹤0.01% |
45,953
-957
| -2% | -$29.9K |
|
538
LXP Industrial Trust
LXP
$3.53B
| $1.17M | ﹤0.01% |
24,870
+11,170
| +82% | +$516K |
|
539
OneMain Financial
OMF
$7.19B
| $1.15M | ﹤0.01% |
34,002
-709
| -2% | -$23.1K |
|
|
TECD
540
DELISTED
Tech Data Corp
TECD
| $1.15M | ﹤0.01% |
10,942
+1,080
| +11% | +$110K |
|
541
Atkore
ATKR
$2.62B
| $1.14M | ﹤0.01% |
44,235
+1,763
| +4% | +$43.1K |
|
|
AMED
542
DELISTED
Amedisys
AMED
| $1.13M | ﹤0.01% |
9,307
+673
| +8% | +$79.9K |
|
|
NCI
543
DELISTED
Navigant Consulting, Inc.
NCI
| $1.11M | ﹤0.01% |
47,971
+2,826
| +6% | +$62.5K |
|
544
Evertec
EVTC
$1.94B
| $1.1M | ﹤0.01% |
33,780
+316
| +0.9% | +$9.29K |
|
545
WSFS Financial
WSFS
$4.2B
| $1.1M | ﹤0.01% |
26,650
+252
| +1% | +$10.4K |
|
546
Medpace
MEDP
$15.9B
| $1.1M | ﹤0.01% |
16,760
+162
| +1% | +$9.34K |
|
547
OFG Bancorp
OFG
$2.24B
| $1.1M | ﹤0.01% |
46,093
+1,328
| +3% | +$26.5K |
|
548
Wayfair
W
$12.5B
| $1.09M | ﹤0.01% |
+7,438
| New | +$1.12M |
|
|
SEM
549
DELISTED
Select Medical
SEM
| $1.08M | ﹤0.01% |
126,015
-29,984
| -19% | -$237K |
|
|
PARA
550
DELISTED
Paramount Global Class B
PARA
| $1.05M | ﹤0.01% |
20,998
-592
| -3% | -$29.3K |
|
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.