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 |
AstraZeneca
AZN
|
+$774M |
| 2 |
Intuitive Surgical
ISRG
|
+$654M |
| 3 |
S&P Global
SPGI
|
+$464M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$326M |
| 5 |
CELG
Celgene Corp
CELG
|
+$243M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$591M |
| 2 |
Broadcom
AVGO
|
+$550M |
| 3 |
Monster Beverage
MNST
|
+$408M |
| 4 |
Booking.com
BKNG
|
+$377M |
| 5 |
McDonald's
MCD
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.49% |
| 2 | Consumer Discretionary | 16.46% |
| 3 | Healthcare | 15.81% |
| 4 | Financials | 12.97% |
| 5 | Communication Services | 11.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
PPG Industries
PPG
$25.4B
| $660K | ﹤0.01% |
6,048
+905
| +18% | +$98.6K |
|
|
AEL
602
DELISTED
American Equity Investment Life Holding Company
AEL
| $659K | ﹤0.01% |
+18,633
| New | +$673K |
|
603
Cathay General Bancorp
CATY
$4.13B
| $653K | ﹤0.01% |
+15,754
| New | +$662K |
|
604
Matthews International
MATW
$653M
| $650K | ﹤0.01% |
12,957
-167
| -1% | -$8.99K |
|
605
ArcelorMittal
MT
$56.1B
| $650K | ﹤0.01% |
21,079
+2,751
| +15% | +$83.4K |
|
606
Paychex
PAYX
$45.2B
| $648K | ﹤0.01% |
+8,793
| New | +$632K |
|
|
KW
607
DELISTED
Kennedy-Wilson Holdings
KW
| $633K | ﹤0.01% |
+29,425
| New | +$630K |
|
|
AL
608
DELISTED
Air Lease Corp
AL
| $628K | ﹤0.01% |
13,681
-1,189
| -8% | -$53K |
|
609
TransUnion
TRU
$16.4B
| $627K | ﹤0.01% |
8,523
-9,553
| -53% | -$710K |
|
610
Capri Holdings
CPRI
$1.53B
| $626K | ﹤0.01% |
9,134
-81
| -0.9% | -$5.67K |
|
|
IPG
611
DELISTED
Interpublic Group of Companies
IPG
| $625K | ﹤0.01% |
+27,346
| New | +$619K |
|
612
Travel + Leisure Co
TNL
$4.36B
| $625K | ﹤0.01% |
+14,417
| New | +$639K |
|
613
Booz Allen Hamilton
BAH
$9.05B
| $622K | ﹤0.01% |
12,538
-32,564
| -72% | -$1.59M |
|
|
B
614
DELISTED
Barnes Group Inc.
B
| $609K | ﹤0.01% |
8,570
-116
| -1% | -$7.68K |
|
615
Grand Canyon Education
LOPE
$3.94B
| $606K | ﹤0.01% |
5,368
-12,056
| -69% | -$1.41M |
|
616
Herbalife
HLF
$1.3B
| $605K | ﹤0.01% |
11,086
-23,725
| -68% | -$1.31M |
|
617
PENN Entertainment
PENN
$2.33B
| $597K | ﹤0.01% |
+18,146
| New | +$604K |
|
|
MBFI
618
DELISTED
MB Financial Corp
MBFI
| $597K | ﹤0.01% |
+12,957
| New | +$622K |
|
619
Tactile Systems Technology
TCMD
$525M
| $585K | ﹤0.01% |
8,233
-106
| -1% | -$6.37K |
|
620
Las Vegas Sands
LVS
$29.2B
| $574K | ﹤0.01% |
9,679
-18,977
| -66% | -$1.27M |
|
621
Robert Half
RHI
$4.64B
| $572K | ﹤0.01% |
+8,134
| New | +$596K |
|
|
GMS
622
DELISTED
GMS Inc
GMS
| $567K | ﹤0.01% |
24,429
-5,250
| -18% | -$133K |
|
|
CALY
623
Callaway Golf Company
CALY
$2.8B
| $566K | ﹤0.01% |
+23,301
| New | +$501K |
|
624
CVR Energy
CVI
$4.2B
| $565K | ﹤0.01% |
+14,053
| New | +$528K |
|
625
NorthWestern Energy
NWE
$4.33B
| $563K | ﹤0.01% |
+9,592
| New | +$569K |
|
Similar funds
Jennison Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Jennison Associates held 739 positions worth $109B, up 5.9% from $103B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q3 2018 filing shows 86 new, 214 increased, 352 reduced and 81 closed positions. Its largest new stake was Tiffany & Co.: 1,169,094 shares worth $151M. The largest sale was FedEx, an estimated $591M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2018 buy was Tiffany & Co.: 1,169,094 shares worth $151M.
- Jennison Associates added most to AstraZeneca in Q3 2018, an estimated $774M increase.
- Jennison Associates's biggest Q3 2018 reduction was FedEx, cutting an estimated $591M.
- Jennison Associates fully exited Cheniere Energy Partners LP Holdings LLC in Q3 2018, selling an estimated $134M.
- Jennison Associates's ten largest holdings make up 30% of its $109B portfolio in Q3 2018.
- Jennison Associates opened 86 new positions and closed 81 in Q3 2018.
- Jennison Associates's portfolio value rose 5.9% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q3 2018, filed 8 Nov 2018.