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 | |
|---|---|---|---|---|---|---|
601
Installed Building Products
IBP
$6.01B
| $589K | ﹤0.01% |
+9,814
| New | +$652K |
|
602
G-III Apparel Group
GIII
$1.54B
| $588K | ﹤0.01% |
+15,600
| New | +$580K |
|
603
Armstrong World Industries
AWI
$7.38B
| $583K | ﹤0.01% |
+10,360
| New | +$628K |
|
604
International Paper
IP
$21.6B
| $580K | ﹤0.01% |
+11,470
| New | +$637K |
|
605
Avery Dennison
AVY
$13B
| $562K | ﹤0.01% |
5,288
-11,515
| -69% | -$1.33M |
|
606
Wayfair
W
$11.2B
| $545K | ﹤0.01% |
8,069
-275,544
| -97% | -$23.1M |
|
607
ASML
ASML
$626B
| $540K | ﹤0.01% |
2,718
+12
| +0.4% | +$2.36K |
|
|
AMED
608
DELISTED
Amedisys
AMED
| $537K | ﹤0.01% |
8,894
-35
| -0.4% | -$1.99K |
|
609
Ciena
CIEN
$53.4B
| $533K | ﹤0.01% |
+20,592
| New | +$485K |
|
610
BJ's Restaurants
BJRI
$1.42B
| $484K | ﹤0.01% |
+10,782
| New | +$434K |
|
|
MDSO
611
DELISTED
Medidata Solutions, Inc.
MDSO
| $471K | ﹤0.01% |
+7,496
| New | +$499K |
|
|
GMS
612
DELISTED
GMS Inc
GMS
| $463K | ﹤0.01% |
+15,138
| New | +$513K |
|
|
CALA
613
DELISTED
Calithera Biosciences, Inc
CALA
| $456K | ﹤0.01% |
3,621
-274
| -7% | -$42.7K |
|
614
Nutanix
NTNX
$16B
| $452K | ﹤0.01% |
+9,205
| New | +$365K |
|
615
Shutterstock
SSTK
$198M
| $414K | ﹤0.01% |
8,593
-40
| -0.5% | -$1.89K |
|
|
GRUB
616
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $398K | ﹤0.01% |
+1,964
| New | +$347K |
|
617
Axogen
AXGN
$2.27B
| $391K | ﹤0.01% |
+10,708
| New | +$328K |
|
618
Mueller Water Products
MWA
$3.95B
| $391K | ﹤0.01% |
35,963
-1,694,013
| -98% | -$19.5M |
|
|
CIR
619
DELISTED
CIRCOR International, Inc
CIR
| $387K | ﹤0.01% |
9,075
-56
| -0.6% | -$2.69K |
|
620
Piper Sandler
PIPR
$5.12B
| $372K | ﹤0.01% |
17,940
-120
| -0.7% | -$2.65K |
|
621
Power Integrations
POWI
$3.38B
| $371K | ﹤0.01% |
10,864
-32
| -0.3% | -$1.14K |
|
|
AMRWW
622
DELISTED
Alta Mesa Resources Inc Warrant
AMRWW
| $364K | ﹤0.01% |
+234,669
| New | +$407K |
|
623
Qualys
QLYS
$5.1B
| $351K | ﹤0.01% |
4,821
+154
| +3% | +$10.6K |
|
|
DPLO
624
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $351K | ﹤0.01% |
17,414
+2,055
| +13% | +$47.9K |
|
|
IPXL
625
DELISTED
Impax Laboratories, Inc.
IPXL
| $351K | ﹤0.01% |
+18,066
| New | +$355K |
|
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.