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 | |
|---|---|---|---|---|---|---|
601
Trip.com Group
TCOM
$29.3B
| $539K | ﹤0.01% |
19,908
-18,668
| -48% | -$569K |
|
602
Cal-Maine
CALM
$4.13B
| $534K | ﹤0.01% |
+12,624
| New | +$585K |
|
|
FISV
603
Fiserv Inc
FISV
$28.8B
| $530K | ﹤0.01% |
+7,209
| New | +$557K |
|
604
LyondellBasell Industries
LYB
$19.5B
| $530K | ﹤0.01% |
6,370
-15,751
| -71% | -$1.44M |
|
605
Glacier Bancorp
GBCI
$6.38B
| $526K | ﹤0.01% |
13,267
+235
| +2% | +$10.1K |
|
606
Jazz Pharmaceuticals
JAZZ
$16.2B
| $526K | ﹤0.01% |
+4,245
| New | +$630K |
|
607
Williams-Sonoma
WSM
$27.5B
| $525K | ﹤0.01% |
+20,824
| New | +$596K |
|
608
Sabre
SABR
$739M
| $524K | ﹤0.01% |
+24,224
| New | +$586K |
|
|
SC
609
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $523K | ﹤0.01% |
+29,755
| New | +$553K |
|
610
Copart
CPRT
$27.4B
| $522K | ﹤0.01% |
43,720
-91,208
| -68% | -$1.13M |
|
|
MIK
611
DELISTED
Michaels Stores, Inc
MIK
| $517K | ﹤0.01% |
+38,191
| New | +$606K |
|
|
FDC
612
DELISTED
First Data Corporation
FDC
| $517K | ﹤0.01% |
30,598
-58,381
| -66% | -$1.14M |
|
|
ALEX
613
DELISTED
Alexander & Baldwin
ALEX
| $515K | ﹤0.01% |
+28,004
| New | +$564K |
|
614
SPX Corp
SPXC
$9.98B
| $514K | ﹤0.01% |
+18,341
| New | +$536K |
|
615
UFP Industries
UFPI
$4.87B
| $505K | ﹤0.01% |
+19,451
| New | +$559K |
|
|
EPAY
616
DELISTED
Bottomline Technologies Inc
EPAY
| $502K | ﹤0.01% |
10,456
+181
| +2% | +$10.5K |
|
617
Peabody Energy
BTU
$2.61B
| $487K | ﹤0.01% |
15,989
+283
| +2% | +$9.49K |
|
|
PCH
618
DELISTED
PotlatchDeltic
PCH
| $486K | ﹤0.01% |
+15,372
| New | +$549K |
|
619
LivePerson
LPSN
$22M
| $483K | ﹤0.01% |
+1,706
| New | +$526K |
|
|
RDUS
620
DELISTED
Radius Recycling
RDUS
| $482K | ﹤0.01% |
+22,374
| New | +$585K |
|
621
Myriad Genetics
MYGN
$507M
| $476K | ﹤0.01% |
16,388
-1,069
| -6% | -$38.5K |
|
|
CALY
622
Callaway Golf Company
CALY
$3.33B
| $472K | ﹤0.01% |
30,833
+7,532
| +32% | +$151K |
|
|
B
623
DELISTED
Barnes Group Inc.
B
| $469K | ﹤0.01% |
8,748
+178
| +2% | +$10.5K |
|
624
Axos Financial
AX
$5.6B
| $463K | ﹤0.01% |
+18,403
| New | +$555K |
|
|
ESL
625
DELISTED
Esterline Technologies
ESL
| $448K | ﹤0.01% |
+3,687
| New | +$426K |
|
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.