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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.11% |
| 2 | Consumer Discretionary | 15.78% |
| 3 | Financials | 12.94% |
| 4 | Healthcare | 12.88% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bank of America
BAC
$436B
| $319M | 0.32% |
10,817,844
+722,888
| +7% | +$19.9M |
|
52
PNC Financial Services
PNC
$96.6B
| $304M | 0.3% |
2,107,272
+237,501
| +13% | +$32.8M |
|
53
Exelon
EXC
$45.3B
| $304M | 0.3% |
10,801,994
+1,742,531
| +19% | +$50.1M |
|
54
SBA Communications
SBAC
$20.3B
| $296M | 0.29% |
1,811,710
-119,469
| -6% | -$19M |
|
55
EOG Resources
EOG
$75.2B
| $266M | 0.26% |
2,467,797
+212,531
| +9% | +$21.4M |
|
|
RDS.A
56
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $264M | 0.26% |
3,963,890
-557,986
| -12% | -$35.2M |
|
57
Mercado Libre
MELI
$99.7B
| $262M | 0.26% |
831,137
+71,206
| +9% | +$19.3M |
|
|
NBL
58
DELISTED
Noble Energy, Inc.
NBL
| $244M | 0.24% |
8,365,528
+286,126
| +4% | +$7.83M |
|
59
SLM Corp
SLM
$4.97B
| $243M | 0.24% |
21,488,767
-38,295
| -0.2% | -$419K |
|
60
Citigroup
C
$223B
| $241M | 0.24% |
3,243,094
+226,141
| +7% | +$16.7M |
|
61
Cigna
CI
$73.7B
| $233M | 0.23% |
1,146,493
-141,453
| -11% | -$28.2M |
|
62
American Electric Power
AEP
$66.6B
| $230M | 0.23% |
3,125,059
+1,172,085
| +60% | +$87.6M |
|
63
Global Payments
GPN
$24.3B
| $227M | 0.22% |
2,259,771
-169,790
| -7% | -$17M |
|
64
MetLife
MET
$61.3B
| $218M | 0.22% |
4,321,402
+613,961
| +17% | +$32.3M |
|
65
Truist Financial
TFC
$61.6B
| $201M | 0.2% |
4,033,628
+416,849
| +12% | +$20.1M |
|
66
Walmart Inc
WMT
$820B
| $198M | 0.2% |
6,008,043
+746,172
| +14% | +$22.8M |
|
67
Affiliated Managers Group
AMG
$9.59B
| $197M | 0.19% |
960,188
+12,778
| +1% | +$2.48M |
|
68
FMC
FMC
$1.42B
| $196M | 0.19% |
2,391,866
-150,636
| -6% | -$12.1M |
|
69
Dollar Tree
DLTR
$24.1B
| $194M | 0.19% |
1,808,930
-334,613
| -16% | -$32.7M |
|
70
Eli Lilly
LLY
$1.05T
| $192M | 0.19% |
2,277,687
+270,921
| +14% | +$23.1M |
|
71
Pfizer
PFE
$159B
| $192M | 0.19% |
5,585,811
-365,857
| -6% | -$12.5M |
|
72
NextEra Energy
NEE
$171B
| $192M | 0.19% |
4,913,100
+42,640
| +0.9% | +$1.65M |
|
73
Morgan Stanley
MS
$337B
| $190M | 0.19% |
3,618,514
+656,494
| +22% | +$33.2M |
|
74
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $190M | 0.19% |
2,861,331
+974,772
| +52% | +$64.8M |
|
75
Mondelez International
MDLZ
$79.6B
| $187M | 0.18% |
4,365,793
+190,428
| +5% | +$8M |
|
Similar funds
Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.