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 | |
|---|---|---|---|---|---|---|
651
Trex
TREX
$4.66B
| $345K | ﹤0.01% |
8,962
-118
| -1% | -$4.54K |
|
652
iShares North American Natural Resources ETF
IGE
$770M
| $340K | ﹤0.01% |
+9,471
| New | +$342K |
|
653
TJX Companies
TJX
$149B
| $316K | ﹤0.01% |
5,634
+1,188
| +27% | +$61K |
|
654
Vipshop
VIPS
$6.42B
| $279K | ﹤0.01% |
44,710
+433
| +1% | +$3.56K |
|
655
Archer Daniels Midland
ADM
$39.3B
| $259K | ﹤0.01% |
+5,158
| New | +$253K |
|
656
ConocoPhillips
COP
$157B
| $236K | ﹤0.01% |
+3,044
| New | +$220K |
|
|
B
657
Barrick Mining
B
$75.1B
| $157K | ﹤0.01% |
14,157
-14,351
| -50% | -$160K |
|
|
AMRWW
658
DELISTED
Alta Mesa Resources Inc Warrant
AMRWW
| $128K | ﹤0.01% |
256,116
+14,741
| +6% | +$13.2K |
|
659
AbbVie
ABBV
$451B
| – | – |
-222,278
| Closed | -$20.6M |
|
660
Adtran
ADTN
$629M
| – | – |
-55,680
| Closed | -$827K |
|
661
Air Products & Chemicals
APD
$68.6B
| – | – |
-142,598
| Closed | -$22.2M |
|
662
ASML
ASML
$651B
| – | – |
-2,595
| Closed | -$514K |
|
663
AutoZone
AZO
$48.4B
| – | – |
-1,016
| Closed | -$682K |
|
664
Benchmark Electronics
BHE
$2.56B
| – | – |
-677,498
| Closed | -$19.7M |
|
665
Baker Hughes
BKR
$62B
| – | – |
-10,132
| Closed | -$335K |
|
666
Columbia Sportswear
COLM
$2.97B
| – | – |
-6,787
| Closed | -$621K |
|
667
Designer Brands
DBI
$279M
| – | – |
-29,738
| Closed | -$768K |
|
668
D.R. Horton
DHI
$41.2B
| – | – |
-16,576
| Closed | -$680K |
|
669
Exelixis
EXEL
$13.5B
| – | – |
-3,194,242
| Closed | -$68.7M |
|
670
Genpact
G
$6.39B
| – | – |
-21,325
| Closed | -$617K |
|
671
German American Bancorp
GABC
$1.88B
| – | – |
-8,950
| Closed | -$321K |
|
672
General Dynamics
GD
$103B
| – | – |
-29,468
| Closed | -$5.49M |
|
|
HES
673
DELISTED
Hess
HES
| – | – |
-11,234
| Closed | -$751K |
|
674
Intel
INTC
$473B
| – | – |
-1,467,780
| Closed | -$73M |
|
675
Kinross Gold
KGC
$37.1B
| – | – |
-2,175,230
| Closed | -$8.18M |
|
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.