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 | 21.29% |
| 2 | Healthcare | 17.78% |
| 3 | Consumer Discretionary | 17.1% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Unisys
UIS
$196M
| $445K | ﹤0.01% |
+38,222
| New | +$601K |
|
627
State Street Energy Select Sector SPDR ETF
XLE
$41.2B
| $436K | ﹤0.01% |
15,188
+4,588
| +43% | +$154K |
|
628
Universal Corp
UVV
$1.14B
| $424K | ﹤0.01% |
+7,827
| New | +$504K |
|
|
MRC
629
DELISTED
MRC Global
MRC
| $412K | ﹤0.01% |
+33,657
| New | +$532K |
|
630
Archrock
AROC
$5.48B
| $400K | ﹤0.01% |
+53,429
| New | +$542K |
|
631
Tactile Systems Technology
TCMD
$525M
| $382K | ﹤0.01% |
8,394
+161
| +2% | +$9.29K |
|
|
UNT
632
DELISTED
UNIT Corporation
UNT
| $362K | ﹤0.01% |
+25,336
| New | +$547K |
|
633
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $342K | ﹤0.01% |
+3,738
| New | +$342K |
|
634
Ecolab
ECL
$80.4B
| $267K | ﹤0.01% |
+1,809
| New | +$276K |
|
635
TC Energy
TRP
$64.4B
| $267K | ﹤0.01% |
7,474
-2,179,511
| -100% | -$86M |
|
636
ASML
ASML
$651B
| $230K | ﹤0.01% |
+1,477
| New | +$250K |
|
|
RNTX
637
Rein Therapeutics
RNTX
$65.7M
| $229K | ﹤0.01% |
13,609
-1,576
| -10% | -$63.3K |
|
638
TJX Companies
TJX
$149B
| $221K | ﹤0.01% |
4,937
-697
| -12% | -$35.2K |
|
639
Archer Daniels Midland
ADM
$39.3B
| $218K | ﹤0.01% |
5,328
+170
| +3% | +$7.92K |
|
640
Service Corp International
SCI
$11.4B
| $207K | ﹤0.01% |
+5,133
| New | +$223K |
|
641
Arbutus Biopharma
ABUS
$1B
| – | – |
-269,699
| Closed | -$2.55M |
|
642
Acadia Realty Trust
AKR
$2.85B
| – | – |
-28,836
| Closed | -$808K |
|
|
AL
643
DELISTED
Air Lease Corp
AL
| – | – |
-13,681
| Closed | -$628K |
|
644
Ameriprise Financial
AMP
$49.4B
| – | – |
-9,148
| Closed | -$1.35M |
|
645
Artisan Partners
APAM
$3.09B
| – | – |
-29,194
| Closed | -$946K |
|
646
Bloomin' Brands
BLMN
$906M
| – | – |
-70,085
| Closed | -$1.39M |
|
647
BWX Technologies
BWXT
$14B
| – | – |
-799,145
| Closed | -$50M |
|
648
Cheesecake Factory
CAKE
$5.58B
| – | – |
-13,392
| Closed | -$717K |
|
649
Cathay General Bancorp
CATY
$4.13B
| – | – |
-15,754
| Closed | -$653K |
|
650
Central Garden & Pet Co Class A
CENTA
$2.37B
| – | – |
-19,964
| Closed | -$529K |
|
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.