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 | |
|---|---|---|---|---|---|---|
|
ONC
576
BeOne Medicines Ltd
ONC
$33.9B
| $633K | ﹤0.01% |
4,513
+86
| +2% | +$11.4K |
|
577
Independent Bank
INDB
$4.04B
| $630K | ﹤0.01% |
+8,966
| New | +$695K |
|
578
Cooper Companies
COO
$14.2B
| $626K | ﹤0.01% |
+9,832
| New | +$637K |
|
579
BJ's Restaurants
BJRI
$1.47B
| $624K | ﹤0.01% |
12,331
+2,055
| +20% | +$124K |
|
580
WSFS Financial
WSFS
$4.14B
| $619K | ﹤0.01% |
16,320
+323
| +2% | +$13.6K |
|
581
Charter Communications
CHTR
$17.3B
| $615K | ﹤0.01% |
2,159
-28,788
| -93% | -$9.03M |
|
582
Allison Transmission
ALSN
$9.51B
| $609K | ﹤0.01% |
13,874
-467,751
| -97% | -$21.7M |
|
583
Berkshire Hathaway Class B
BRK.B
$1.1T
| $608K | ﹤0.01% |
+2,976
| New | +$622K |
|
584
Employers Holdings
EIG
$907M
| $606K | ﹤0.01% |
+14,431
| New | +$633K |
|
|
OSG
585
Octave Specialty Group
OSG
$257M
| $602K | ﹤0.01% |
+34,893
| New | +$641K |
|
586
MasTec
MTZ
$22.7B
| $600K | ﹤0.01% |
+14,790
| New | +$637K |
|
587
NeoGenomics
NEO
$1.96B
| $600K | ﹤0.01% |
47,578
+4,415
| +10% | +$65.8K |
|
588
LiveRamp
RAMP
$2.29B
| $599K | ﹤0.01% |
+15,508
| New | +$702K |
|
589
VeriSign
VRSN
$26.3B
| $592K | ﹤0.01% |
3,989
-4,923
| -55% | -$738K |
|
590
Stride
LRN
$4.16B
| $584K | ﹤0.01% |
+23,546
| New | +$502K |
|
591
Delek US
DK
$3.98B
| $578K | ﹤0.01% |
17,782
+9,305
| +110% | +$352K |
|
|
AAN.A
592
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $575K | ﹤0.01% |
+13,679
| New | +$575K |
|
593
Boise Cascade
BCC
$2.73B
| $574K | ﹤0.01% |
+24,056
| New | +$691K |
|
594
Booz Allen Hamilton
BAH
$8.44B
| $563K | ﹤0.01% |
12,500
-38
| -0.3% | -$1.86K |
|
|
TXNM
595
TXNM Energy Inc
TXNM
$6.39B
| $563K | ﹤0.01% |
+13,710
| New | +$562K |
|
596
Baidu
BIDU
$35.7B
| $561K | ﹤0.01% |
3,538
+68
| +2% | +$12.7K |
|
|
TPH
597
DELISTED
Tri Pointe Homes
TPH
| $559K | ﹤0.01% |
51,120
-91,732
| -64% | -$1.08M |
|
598
CareTrust REIT
CTRE
$10B
| $544K | ﹤0.01% |
+29,466
| New | +$549K |
|
599
Omnicom Group
OMC
$22.7B
| $542K | ﹤0.01% |
7,400
-21,870
| -75% | -$1.62M |
|
600
iQIYI
IQ
$1.19B
| $540K | ﹤0.01% |
36,323
+21,100
| +139% | +$440K |
|
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.