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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Consumer Discretionary | 16.55% |
| 3 | Financials | 13.82% |
| 4 | Healthcare | 12.55% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
3M
MMM
$90.9B
| $819K | ﹤0.01% |
4,465
+535
| +14% | +$106K |
|
577
Acadia Realty Trust
AKR
$3.09B
| $805K | ﹤0.01% |
32,725
-5,198
| -14% | -$128K |
|
|
TBI
578
Trueblue
TBI
$215M
| $785K | ﹤0.01% |
30,315
-164
| -0.5% | -$4.48K |
|
579
United Natural Foods
UNFI
$3.08B
| $758K | ﹤0.01% |
17,644
-1,756
| -9% | -$79.4K |
|
|
LHO
580
DELISTED
LaSalle Hotel Properties
LHO
| $757K | ﹤0.01% |
26,110
-44,912
| -63% | -$1.24M |
|
581
Vipshop
VIPS
$7.37B
| $732K | ﹤0.01% |
+44,016
| New | +$728K |
|
|
ESL
582
DELISTED
Esterline Technologies
ESL
| $716K | ﹤0.01% |
9,789
-832
| -8% | -$61.9K |
|
583
Mine Safety
MSA
$7.35B
| $711K | ﹤0.01% |
8,540
-39
| -0.5% | -$3.13K |
|
584
Watts Water Technologies
WTS
$11.5B
| $693K | ﹤0.01% |
8,920
-64
| -0.7% | -$4.98K |
|
585
Matthews International
MATW
$866M
| $688K | ﹤0.01% |
+13,587
| New | +$721K |
|
586
SS&C Technologies
SSNC
$18.6B
| $677K | ﹤0.01% |
+12,616
| New | +$626K |
|
|
TYME
587
DELISTED
Tyme Technologies, Inc. Common Stock
TYME
| $669K | ﹤0.01% |
+300,000
| New | +$1.22M |
|
588
TransDigm Group
TDG
$70.2B
| $665K | ﹤0.01% |
+2,167
| New | +$638K |
|
589
Federated Hermes
FHI
$4.55B
| $664K | ﹤0.01% |
+19,890
| New | +$676K |
|
590
Progressive
PGR
$123B
| $661K | ﹤0.01% |
10,850
-4,475
| -29% | -$256K |
|
|
CTLT
591
DELISTED
CATALENT, INC.
CTLT
| $654K | ﹤0.01% |
15,929
-64
| -0.4% | -$2.72K |
|
592
Travel + Leisure Co
TNL
$4.66B
| $649K | ﹤0.01% |
+12,559
| New | +$672K |
|
593
United Rentals
URI
$67.2B
| $647K | ﹤0.01% |
+3,747
| New | +$665K |
|
594
Etsy
ETSY
$7.75B
| $646K | ﹤0.01% |
+23,015
| New | +$517K |
|
595
Altria Group
MO
$114B
| $640K | ﹤0.01% |
10,265
+1,827
| +22% | +$121K |
|
596
Diamondback Energy
FANG
$57.1B
| $634K | ﹤0.01% |
+5,012
| New | +$631K |
|
597
Las Vegas Sands
LVS
$31.7B
| $617K | ﹤0.01% |
+8,580
| New | +$629K |
|
598
Johnson & Johnson
JNJ
$618B
| $616K | ﹤0.01% |
4,810
-15,243
| -76% | -$2.06M |
|
599
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $609K | ﹤0.01% |
+1,783
| New | +$620K |
|
600
iQIYI
IQ
$1.23B
| $593K | ﹤0.01% |
+38,120
| New | +$593K |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.02B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.