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 | |
|---|---|---|---|---|---|---|
651
Cal-Maine
CALM
$3.75B
| – | – |
-14,327
| Closed | -$639K |
|
652
Chemours
CC
$2.35B
| – | – |
-256,363
| Closed | -$9.53M |
|
653
Celanese
CE
$4.94B
| – | – |
-6,198
| Closed | -$611K |
|
654
Cognex
CGNX
$10.2B
| – | – |
-132,366
| Closed | -$6.73M |
|
655
Cooper Companies
COO
$13.9B
| – | – |
-8,024
| Closed | -$594K |
|
656
DuPont de Nemours
DD
$18.5B
| – | – |
-642,132
| Closed | -$86.7M |
|
657
Duke Energy
DUK
$93.8B
| – | – |
-761,195
| Closed | -$68.5M |
|
658
Ericsson
ERIC
$32.5B
| – | – |
-11,245
| Closed | -$103K |
|
|
KYNB
659
Kyntra Bio
KYNB
$32.5M
| – | – |
-21,014
| Closed | -$28.6M |
|
660
Halliburton
HAL
$30.1B
| – | – |
-167,922
| Closed | -$4.92M |
|
661
Hudbay
HBM
$13B
| – | – |
-854,169
| Closed | -$6.11M |
|
662
Hamilton Lane
HLNE
$4.6B
| – | – |
-16,629
| Closed | -$725K |
|
663
Inogen
INGN
$146M
| – | – |
-243,907
| Closed | -$23.3M |
|
664
Kodiak Sciences
KOD
$2.37B
| – | – |
-18,057
| Closed | -$118K |
|
665
Levi Strauss
LEVI
$8.19B
| – | – |
-750,000
| Closed | -$17.7M |
|
666
Lyft
LYFT
$6.7B
| – | – |
-400,000
| Closed | -$31.3M |
|
667
Ocular Therapeutix
OCUL
$2.28B
| – | – |
-252,708
| Closed | -$1M |
|
668
Pinduoduo
PDD
$122B
| – | – |
-32,530
| Closed | -$807K |
|
|
P
669
Everpure Inc
P
$31B
| – | – |
-871,694
| Closed | -$19M |
|
670
Patterson-UTI
PTEN
$4.74B
| – | – |
-409,864
| Closed | -$5.75M |
|
671
PVH
PVH
$3.49B
| – | – |
-141,211
| Closed | -$17.2M |
|
|
RDUS
672
DELISTED
Radius Recycling
RDUS
| – | – |
-30,066
| Closed | -$722K |
|
673
Range Resources
RRC
$9.69B
| – | – |
-1,107,832
| Closed | -$12.5M |
|
674
Sprouts Farmers Market
SFM
$7.6B
| – | – |
-1,221,843
| Closed | -$26.3M |
|
675
Steel Dynamics
STLD
$33.6B
| – | – |
-275,618
| Closed | -$9.72M |
|
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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.