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 | |
|---|---|---|---|---|---|---|
601
Pultegroup
PHM
$25.7B
| $709K | ﹤0.01% |
22,409
-920
| -4% | -$28.7K |
|
602
Eagle Bancorp
EGBN
$866M
| $708K | ﹤0.01% |
13,074
+124
| +1% | +$6.76K |
|
603
Boise Cascade
BCC
$2.83B
| $707K | ﹤0.01% |
25,160
+238
| +1% | +$6.18K |
|
604
BJ's Restaurants
BJRI
$1.45B
| $706K | ﹤0.01% |
16,075
-1,335
| -8% | -$61.1K |
|
605
H&R Block
HRB
$5.7B
| $704K | ﹤0.01% |
24,040
-501
| -2% | -$13.5K |
|
606
Booz Allen Hamilton
BAH
$8.78B
| $691K | ﹤0.01% |
10,440
+224
| +2% | +$13.8K |
|
607
Fair Isaac
FICO
$31B
| $686K | ﹤0.01% |
+2,184
| New | +$634K |
|
608
Globus Medical
GMED
$10.9B
| $684K | ﹤0.01% |
16,175
+989
| +7% | +$42.9K |
|
609
VeriSign
VRSN
$25.4B
| $670K | ﹤0.01% |
3,201
-67
| -2% | -$13.2K |
|
610
Wolverine World Wide
WWW
$1.71B
| $668K | ﹤0.01% |
24,248
+1,325
| +6% | +$42.1K |
|
611
Synopsys
SNPS
$73.5B
| $656K | ﹤0.01% |
+5,100
| New | +$613K |
|
612
Sabra Healthcare REIT
SBRA
$5.61B
| $655K | ﹤0.01% |
33,279
-54,784
| -62% | -$1.07M |
|
613
Yum! Brands
YUM
$41.4B
| $652K | ﹤0.01% |
5,890
-78
| -1% | -$8.1K |
|
614
Dorman Products
DORM
$4.28B
| $646K | ﹤0.01% |
7,412
+71
| +1% | +$6.17K |
|
|
VRE
615
DELISTED
Veris Residential
VRE
| $623K | ﹤0.01% |
+26,729
| New | +$613K |
|
616
Mativ Holdings
MATV
$482M
| $615K | ﹤0.01% |
+18,534
| New | +$627K |
|
|
CPE
617
DELISTED
Callon Petroleum Company
CPE
| $601K | ﹤0.01% |
9,112
-1,446
| -14% | -$104K |
|
618
Tencent Music
TME
$15.6B
| $580K | ﹤0.01% |
+38,671
| New | +$611K |
|
|
EPAY
619
DELISTED
Bottomline Technologies Inc
EPAY
| $575K | ﹤0.01% |
13,000
-80
| -0.6% | -$3.71K |
|
|
SPR
620
DELISTED
Spirit AeroSystems
SPR
| $572K | ﹤0.01% |
7,032
+523
| +8% | +$44.1K |
|
|
BIG
621
DELISTED
Big Lots, Inc.
BIG
| $570K | ﹤0.01% |
+19,930
| New | +$666K |
|
|
MRC
622
DELISTED
MRC Global
MRC
| $568K | ﹤0.01% |
33,190
-12,124
| -27% | -$204K |
|
623
The Greenbrier Companies
GBX
$1.6B
| $559K | ﹤0.01% |
18,396
+168
| +0.9% | +$5.33K |
|
624
T-Mobile US
TMUS
$196B
| $559K | ﹤0.01% |
+7,536
| New | +$560K |
|
|
BMCH
625
DELISTED
BMC Stock Holdings, Inc
BMCH
| $438K | ﹤0.01% |
+20,640
| New | +$429K |
|
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.