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 | 25.26% |
| 2 | Consumer Discretionary | 16.29% |
| 3 | Healthcare | 15.56% |
| 4 | Financials | 12.45% |
| 5 | Communication Services | 12.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
iShares North American Natural Resources ETF
IGE
$770M
| $433K | ﹤0.01% |
+14,109
| New | +$431K |
|
627
Okta
OKTA
$29.1B
| $417K | ﹤0.01% |
3,377
| – | – |
|
|
CRC
628
DELISTED
California Resources Corporation
CRC
| $403K | ﹤0.01% |
20,455
+199
| +1% | +$4.24K |
|
629
Hershey
HSY
$36B
| $364K | ﹤0.01% |
2,713
| – | – |
|
630
State Street Energy Select Sector SPDR ETF
XLE
$41.2B
| $359K | ﹤0.01% |
11,264
-7,160
| -39% | -$229K |
|
|
AVB
631
DELISTED
AvalonBay Communities
AVB
| $337K | ﹤0.01% |
1,660
+518
| +45% | +$105K |
|
|
GWR
632
DELISTED
Genesee & Wyoming Inc.
GWR
| $331K | ﹤0.01% |
3,314
-208,255
| -98% | -$19M |
|
633
Ecolab
ECL
$80.4B
| $327K | ﹤0.01% |
1,655
-470
| -22% | -$87.4K |
|
634
Automatic Data Processing
ADP
$114B
| $313K | ﹤0.01% |
+1,892
| New | +$307K |
|
635
Vanguard Morningstar Growth ETF
VUG
$228B
| $286K | ﹤0.01% |
10,518
+2,796
| +36% | +$74.7K |
|
636
TJX Companies
TJX
$149B
| $261K | ﹤0.01% |
4,937
| – | – |
|
637
Avery Dennison
AVY
$13.5B
| $260K | ﹤0.01% |
+2,251
| New | +$246K |
|
638
PagerDuty
PD
$1.09B
| $248K | ﹤0.01% |
+5,261
| New | +$255K |
|
639
Service Corp International
SCI
$11.4B
| $244K | ﹤0.01% |
5,221
+214
| +4% | +$9.24K |
|
640
Diageo
DEO
$51.7B
| $239K | ﹤0.01% |
1,386
-200
| -13% | -$33.6K |
|
641
Wolfspeed
WOLF
$1.34B
| $225K | ﹤0.01% |
3,998
-71
| -2% | -$4.34K |
|
642
Coca-Cola Europacific Partners
CCEP
$48.2B
| $200K | ﹤0.01% |
+3,547
| New | +$194K |
|
643
Alcoa
AA
$13.3B
| – | – |
-249,415
| Closed | -$7.02M |
|
644
Autodesk
ADSK
$55B
| – | – |
-3,866
| Closed | -$602K |
|
645
Allogene Therapeutics
ALLO
$698M
| – | – |
-829,728
| Closed | -$24M |
|
|
OSG
646
Octave Specialty Group
OSG
$209M
| – | – |
-33,708
| Closed | -$611K |
|
647
ATI
ATI
$28.7B
| – | – |
-30,025
| Closed | -$768K |
|
648
BioCryst Pharmaceuticals
BCRX
$2.51B
| – | – |
-3,100,864
| Closed | -$25.2M |
|
649
Baidu
BIDU
$32.9B
| – | – |
-3,538
| Closed | -$583K |
|
650
BrightView Holdings
BV
$1.04B
| – | – |
-599,461
| Closed | -$8.63M |
|
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 $3.68B 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.