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 | |
|---|---|---|---|---|---|---|
676
Group 1 Automotive
GPI
$3.15B
| – | – |
-23,013
| Closed | -$1.49M |
|
677
Incyte
INCY
$25.2B
| – | – |
-587,696
| Closed | -$40.6M |
|
678
JD.com
JD
$38.8B
| – | – |
-51,070
| Closed | -$1.33M |
|
|
K
679
DELISTED
Kellanova
K
| – | – |
-30,960
| Closed | -$2.04M |
|
680
Lear
LEA
$8.26B
| – | – |
-12,266
| Closed | -$1.78M |
|
681
Grand Canyon Education
LOPE
$3.94B
| – | – |
-5,368
| Closed | -$606K |
|
682
Las Vegas Sands
LVS
$29.2B
| – | – |
-9,679
| Closed | -$574K |
|
683
Matthews International
MATW
$653M
| – | – |
-12,957
| Closed | -$650K |
|
684
Mohawk Industries
MHK
$8.8B
| – | – |
-22,305
| Closed | -$3.91M |
|
685
Moog Inc Class A
MOG.A
$11.9B
| – | – |
-13,734
| Closed | -$1.18M |
|
686
Motorola Solutions
MSI
$80.4B
| – | – |
-15,276
| Closed | -$1.99M |
|
687
ArcelorMittal
MT
$56.1B
| – | – |
-21,079
| Closed | -$650K |
|
688
NCS Multistage Holdings
NCSM
$136M
| – | – |
-28,486
| Closed | -$9.41M |
|
689
Nektar Therapeutics
NKTR
$2.48B
| – | – |
-829
| Closed | -$758K |
|
690
NOV
NOV
$7.48B
| – | – |
-15,750
| Closed | -$679K |
|
691
Nucor
NUE
$56.8B
| – | – |
-10,781
| Closed | -$684K |
|
692
Ovintiv
OVV
$17.9B
| – | – |
-342,748
| Closed | -$22.5M |
|
693
Occidental Petroleum
OXY
$59.1B
| – | – |
-8,952
| Closed | -$736K |
|
694
Paychex
PAYX
$45.2B
| – | – |
-8,793
| Closed | -$648K |
|
695
Puma Biotechnology
PBYI
$468M
| – | – |
-488,418
| Closed | -$22.4M |
|
696
Philips
PHG
$26.1B
| – | – |
-277,486
| Closed | -$9.8M |
|
697
Pultegroup
PHM
$24.5B
| – | – |
-22,626
| Closed | -$560K |
|
698
Piper Sandler
PIPR
$5.34B
| – | – |
-23,468
| Closed | -$448K |
|
|
PPBI
699
DELISTED
Pacific Premier Bancorp
PPBI
| – | – |
-34,165
| Closed | -$1.27M |
|
700
PPG Industries
PPG
$25.4B
| – | – |
-6,048
| Closed | -$660K |
|
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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.