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 | |
|---|---|---|---|---|---|---|
576
Archrock
AROC
$6.19B
| $841K | ﹤0.01% |
79,379
-8,557
| -10% | -$84.1K |
|
577
SPX Corp
SPXC
$10.2B
| $841K | ﹤0.01% |
25,457
+236
| +0.9% | +$7.88K |
|
|
KW
578
DELISTED
Kennedy-Wilson Holdings
KW
| $837K | ﹤0.01% |
40,697
+393
| +1% | +$8.36K |
|
579
Asbury Automotive
ABG
$4.49B
| $817K | ﹤0.01% |
9,682
+89
| +0.9% | +$6.95K |
|
580
American Eagle Outfitters
AEO
$3.04B
| $802K | ﹤0.01% |
47,452
+16,665
| +54% | +$337K |
|
581
Bruker
BRKR
$9.58B
| $799K | ﹤0.01% |
15,987
+554
| +4% | +$23.3K |
|
582
MasTec
MTZ
$24.7B
| $799K | ﹤0.01% |
15,508
-3,704
| -19% | -$183K |
|
|
GHDX
583
DELISTED
Genomic Health, Inc.
GHDX
| $798K | ﹤0.01% |
13,726
+738
| +6% | +$43.7K |
|
|
WPG
584
DELISTED
Washington Prime Group Inc.
WPG
| $783K | ﹤0.01% |
22,779
+214
| +0.9% | +$8.78K |
|
|
MSGN
585
DELISTED
MSG Networks Inc.
MSGN
| $780K | ﹤0.01% |
37,612
+788
| +2% | +$17.3K |
|
586
Sysco
SYY
$40.7B
| $778K | ﹤0.01% |
11,007
-4,479
| -29% | -$319K |
|
587
Brinker International
EAT
$8.5B
| $773K | ﹤0.01% |
19,647
+998
| +5% | +$41.1K |
|
588
Helix Energy Solutions
HLX
$1.35B
| $773K | ﹤0.01% |
89,518
+824
| +0.9% | +$6.41K |
|
589
Biogen
BIIB
$30.4B
| $756K | ﹤0.01% |
3,232
-100
| -3% | -$23.1K |
|
590
Universal Insurance Holdings
UVE
$1.23B
| $756K | ﹤0.01% |
+27,079
| New | +$793K |
|
591
Murphy USA
MUSA
$11.1B
| $755K | ﹤0.01% |
8,982
+86
| +1% | +$7.2K |
|
592
Stride
LRN
$4.08B
| $754K | ﹤0.01% |
24,798
+233
| +0.9% | +$7.5K |
|
593
Sociedad Química y Minera de Chile
SQM
$19.1B
| $754K | ﹤0.01% |
24,239
| – | – |
|
594
LivePerson
LPSN
$22.9M
| $751K | ﹤0.01% |
1,785
+16
| +0.9% | +$6.83K |
|
|
TGNA
595
DELISTED
TEGNA Inc
TGNA
| $747K | ﹤0.01% |
49,288
+460
| +0.9% | +$7.09K |
|
596
Trip.com Group
TCOM
$28.5B
| $735K | ﹤0.01% |
19,908
| – | – |
|
597
First Commonwealth Financial
FCF
$2.17B
| $733K | ﹤0.01% |
54,432
+1,168
| +2% | +$15.4K |
|
598
Williams-Sonoma
WSM
$27.8B
| $722K | ﹤0.01% |
22,212
+980
| +5% | +$28.1K |
|
599
Independent Bank
INDB
$4.1B
| $719K | ﹤0.01% |
9,442
+192
| +2% | +$15K |
|
|
JOYY
600
JOYY Inc
JOYY
$3.77B
| $716K | ﹤0.01% |
+10,275
| New | +$784K |
|
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.