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 | |
|---|---|---|---|---|---|---|
|
PPL
701
PPL Corp
PPL
$25.7B
| – | – |
-3,029,446
| Closed | -$88.6M |
|
702
Phillips 66
PSX
$97.4B
| – | – |
-6,534
| Closed | -$737K |
|
703
Protagonist Therapeutics
PTGX
$9.34B
| – | – |
-349,697
| Closed | -$3.6M |
|
704
Qualys
QLYS
$6.47B
| – | – |
-4,848
| Closed | -$432K |
|
705
Robert Half
RHI
$4.64B
| – | – |
-8,134
| Closed | -$572K |
|
706
Reliance Steel & Aluminium
RS
$19.8B
| – | – |
-75,846
| Closed | -$6.47M |
|
707
Boston Beer
SAM
$1.88B
| – | – |
-1,315
| Closed | -$378K |
|
708
SiteOne Landscape Supply
SITE
$4.21B
| – | – |
-6,063
| Closed | -$457K |
|
709
Shutterstock
SSTK
$221M
| – | – |
-8,184
| Closed | -$447K |
|
710
Neuronetics
STIM
$224M
| – | – |
-256,532
| Closed | -$8.22M |
|
711
Stanley Black & Decker
SWK
$14.8B
| – | – |
-233,873
| Closed | -$34.2M |
|
712
Synchrony
SYF
$25.4B
| – | – |
-21,927
| Closed | -$681K |
|
713
AT&T
T
$178B
| – | – |
-460,085
| Closed | -$11.7M |
|
|
TBI
714
Trueblue
TBI
$326M
| – | – |
-28,910
| Closed | -$753K |
|
715
Target
TGT
$74.1B
| – | – |
-275,249
| Closed | -$24.3M |
|
716
Trex
TREX
$4.66B
| – | – |
-8,962
| Closed | -$345K |
|
717
TransUnion
TRU
$16.4B
| – | – |
-8,523
| Closed | -$627K |
|
718
Tenaris
TS
$27.2B
| – | – |
-507,211
| Closed | -$17M |
|
719
United Natural Foods
UNFI
$2.77B
| – | – |
-23,788
| Closed | -$712K |
|
720
USA Compression Partners
USAC
$3.9B
| – | – |
-384,594
| Closed | -$6.35M |
|
721
US Foods
USFD
$23.2B
| – | – |
-53,035
| Closed | -$1.64M |
|
722
VF Corp
VFC
$5.37B
| – | – |
-25,909
| Closed | -$2.28M |
|
723
Vipshop
VIPS
$6.42B
| – | – |
-44,710
| Closed | -$279K |
|
724
Vodafone
VOD
$37.1B
| – | – |
-770,399
| Closed | -$16.7M |
|
725
Wendy's
WEN
$1.58B
| – | – |
-1,579,385
| Closed | -$27.1M |
|
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.