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 |
McDonald's
MCD
|
+$770M |
| 2 |
Crown Castle
CCI
|
+$678M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$557M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$437M |
| 5 |
BioMarin Pharmaceuticals
BMRN
|
+$305M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$1.22B |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$1.04B |
| 3 |
Amazon
AMZN
|
+$661M |
| 4 |
SHPG
Shire pic
SHPG
|
+$478M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$457M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.25% |
| 2 | Consumer Discretionary | 17.77% |
| 3 | Healthcare | 14.23% |
| 4 | Communication Services | 13.04% |
| 5 | Financials | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Halliburton
HAL
$30.1B
| $368M | 0.39% |
8,621,666
-6,358,859
| -42% | -$292M |
|
52
Constellation Brands
STZ
$22.3B
| $350M | 0.37% |
1,804,161
-94,356
| -5% | -$16.8M |
|
53
Boston Scientific
BSX
$67.9B
| $295M | 0.31% |
10,639,290
+8,533,655
| +405% | +$226M |
|
54
SBA Communications
SBAC
$20.3B
| $290M | 0.31% |
2,150,624
+223,805
| +12% | +$29.1M |
|
55
Bank of America
BAC
$436B
| $271M | 0.29% |
11,167,284
+426,044
| +4% | +$9.93M |
|
56
Global Payments
GPN
$24.3B
| $251M | 0.27% |
2,777,495
-182,004
| -6% | -$15.7M |
|
57
SLM Corp
SLM
$4.97B
| $243M | 0.26% |
21,105,002
-659,505
| -3% | -$7.51M |
|
|
RDS.A
58
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $240M | 0.25% |
4,515,700
-385,300
| -8% | -$20.5M |
|
59
PNC Financial Services
PNC
$96.6B
| $240M | 0.25% |
1,918,302
+19,613
| +1% | +$2.37M |
|
60
Comcast
CMCSA
$96B
| $238M | 0.25% |
6,126,289
+83,461
| +1% | +$3.29M |
|
61
Exelon
EXC
$45.3B
| $230M | 0.24% |
8,952,809
-51,107
| -0.6% | -$1.3M |
|
62
Cigna
CI
$73.7B
| $228M | 0.24% |
1,361,837
-57,569
| -4% | -$9.25M |
|
63
FMC
FMC
$1.42B
| $225M | 0.24% |
3,549,320
-657,609
| -16% | -$42.3M |
|
|
NBL
64
DELISTED
Noble Energy, Inc.
NBL
| $223M | 0.24% |
7,866,572
-192,883
| -2% | -$6.01M |
|
65
Tapestry
TPR
$25B
| $220M | 0.23% |
4,637,031
+553,533
| +14% | +$24.3M |
|
|
WP
66
DELISTED
Worldpay, Inc.
WP
| $216M | 0.23% |
3,416,847
-619,305
| -15% | -$38.9M |
|
67
EOG Resources
EOG
$75.2B
| $211M | 0.22% |
2,332,955
-4,641,210
| -67% | -$427M |
|
68
Pfizer
PFE
$159B
| $208M | 0.22% |
6,533,715
-26,479
| -0.4% | -$835K |
|
69
CSX Corp
CSX
$95B
| $200M | 0.21% |
10,975,947
+3,222,888
| +42% | +$55.2M |
|
70
Mercado Libre
MELI
$99.7B
| $195M | 0.21% |
779,039
+245,213
| +46% | +$63M |
|
71
MetLife
MET
$61.3B
| $183M | 0.19% |
3,732,421
+60,924
| +2% | +$2.83M |
|
72
Mondelez International
MDLZ
$79.6B
| $182M | 0.19% |
4,221,962
+360,901
| +9% | +$16.3M |
|
73
Starwood Property Trust
STWD
$5.85B
| $179M | 0.19% |
8,006,908
-150,317
| -2% | -$3.36M |
|
74
Analog Devices
ADI
$175B
| $179M | 0.19% |
2,302,380
-639,696
| -22% | -$50.8M |
|
|
UNVR
75
DELISTED
Univar Solutions Inc.
UNVR
| $178M | 0.19% |
6,089,849
-161,987
| -3% | -$4.91M |
|
Similar funds
Jennison Associates's Q2 2017 Portfolio in Review
As of Q2 2017, Jennison Associates held 698 positions worth $94.3B, up 1.1% from $93.2B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates withdrew a net $3.11B in Q2 2017, closing 61 positions and reducing 332 holdings. Its most notable exit was NXP Semiconductors, an estimated $452M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Newell Brands worth $125M.
- Jennison Associates's largest Q2 2017 buy was Newell Brands: 2,328,211 shares worth $125M.
- Jennison Associates added most to McDonald's in Q2 2017, an estimated $770M increase.
- Jennison Associates's biggest Q2 2017 reduction was Nike, cutting an estimated $1.22B.
- Jennison Associates fully exited NXP Semiconductors in Q2 2017, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 27% of its $94.3B portfolio in Q2 2017.
- Jennison Associates opened 62 new positions and closed 61 in Q2 2017.
- Jennison Associates's portfolio value rose 1.1% quarter-over-quarter to $94.3B.
Based on Jennison Associates's 13F filing for Q2 2017, filed 4 Aug 2017.