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 | |
|---|---|---|---|---|---|---|
551
Regeneron Pharmaceuticals
REGN
$72.9B
| $1.04M | ﹤0.01% |
3,332
-83
| -2% | -$27.6K |
|
552
CareTrust REIT
CTRE
$10.1B
| $1.04M | ﹤0.01% |
43,570
+2,208
| +5% | +$53.5K |
|
553
Vishay Intertechnology
VSH
$5.02B
| $1.03M | ﹤0.01% |
62,415
+4,283
| +7% | +$75.6K |
|
554
First Financial Bancorp
FFBC
$3.55B
| $1.03M | ﹤0.01% |
42,390
+811
| +2% | +$19.5K |
|
555
Toll Brothers
TOL
$14.5B
| $1.03M | ﹤0.01% |
+28,044
| New | +$1.05M |
|
556
NorthWestern Energy
NWE
$4.45B
| $1.02M | ﹤0.01% |
14,104
+131
| +0.9% | +$9.3K |
|
557
NovoCure
NVCR
$1.89B
| $1.01M | ﹤0.01% |
16,032
+1,940
| +14% | +$98.3K |
|
|
HUYA
558
Huya Inc
HUYA
$561M
| $1.01M | ﹤0.01% |
40,937
+12,931
| +46% | +$297K |
|
|
AVX
559
DELISTED
AVX Corporation
AVX
| $990K | ﹤0.01% |
59,653
-25,624
| -30% | -$422K |
|
|
AEL
560
DELISTED
American Equity Investment Life Holding Company
AEL
| $977K | ﹤0.01% |
35,975
-118
| -0.3% | -$3.38K |
|
561
Enviri
NVRI
$623M
| $972K | ﹤0.01% |
+35,405
| New | +$865K |
|
562
LiveRamp
RAMP
$2.29B
| $961K | ﹤0.01% |
19,832
-478
| -2% | -$25.9K |
|
563
Cohen & Steers
CNS
$4.24B
| $958K | ﹤0.01% |
+18,629
| New | +$914K |
|
564
Intuit
INTU
$85.6B
| $958K | ﹤0.01% |
3,666
+63
| +2% | +$16K |
|
|
TPH
565
DELISTED
Tri Pointe Homes
TPH
| $955K | ﹤0.01% |
79,815
-558
| -0.7% | -$7.27K |
|
566
KBR
KBR
$4.74B
| $942K | ﹤0.01% |
37,762
-36,026
| -49% | -$806K |
|
567
Micron Technology
MU
$927B
| $936K | ﹤0.01% |
24,261
-26,966
| -53% | -$1.03M |
|
568
Stoneridge
SRI
$208M
| $915K | ﹤0.01% |
29,005
+274
| +1% | +$8.11K |
|
569
Amkor Technology
AMKR
$11.3B
| $909K | ﹤0.01% |
121,786
-5,246
| -4% | -$41.1K |
|
570
NeoGenomics
NEO
$1.74B
| $883K | ﹤0.01% |
40,260
+381
| +1% | +$8.36K |
|
|
AXE
571
DELISTED
Anixter International Inc
AXE
| $878K | ﹤0.01% |
14,699
+137
| +0.9% | +$8.07K |
|
572
Credicorp
BAP
$30.9B
| $868K | ﹤0.01% |
3,790
| – | – |
|
573
Marcus & Millichap
MMI
$1.2B
| $846K | ﹤0.01% |
27,413
+264
| +1% | +$9.59K |
|
574
Paylocity
PCTY
$7.43B
| $846K | ﹤0.01% |
9,012
+2,106
| +30% | +$200K |
|
|
HBI
575
DELISTED
Hanesbrands
HBI
| $842K | ﹤0.01% |
48,890
-7,465
| -13% | -$129K |
|
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.