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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.83% |
| 2 | Consumer Discretionary | 16.55% |
| 3 | Financials | 13.82% |
| 4 | Healthcare | 12.55% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
51
DELISTED
Allergan plc
AGN
| $327M | 0.33% |
1,942,384
-156,888
| -7% | -$26.3M |
|
52
Bank of America
BAC
$429B
| $326M | 0.32% |
10,877,796
+59,952
| +0.6% | +$1.88M |
|
53
Mercado Libre
MELI
$94.5B
| $296M | 0.29% |
829,386
-1,751
| -0.2% | -$640K |
|
54
Exelon
EXC
$48.1B
| $279M | 0.28% |
10,032,562
-769,432
| -7% | -$20.8M |
|
55
SBA Communications
SBAC
$19.8B
| $258M | 0.26% |
1,506,620
-305,090
| -17% | -$50.6M |
|
56
American Electric Power
AEP
$70.4B
| $236M | 0.23% |
3,435,858
+310,799
| +10% | +$20.9M |
|
57
Truist Financial
TFC
$63.9B
| $230M | 0.23% |
4,427,188
+393,560
| +10% | +$21.2M |
|
|
NBL
58
DELISTED
Noble Energy, Inc.
NBL
| $230M | 0.23% |
7,593,514
-772,014
| -9% | -$23.2M |
|
59
Global Payments
GPN
$24.1B
| $229M | 0.23% |
2,055,164
-204,607
| -9% | -$22.6M |
|
60
SLM Corp
SLM
$4.83B
| $226M | 0.23% |
20,201,707
-1,287,060
| -6% | -$14.5M |
|
61
EOG Resources
EOG
$77.7B
| $226M | 0.22% |
2,146,668
-321,129
| -13% | -$34.6M |
|
62
Tapestry
TPR
$30.3B
| $211M | 0.21% |
4,005,100
-107,194
| -3% | -$5.29M |
|
63
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $210M | 0.21% |
3,268,610
+407,279
| +14% | +$26.6M |
|
64
SLB Ltd
SLB
$72.7B
| $204M | 0.2% |
3,153,959
+2,254,371
| +251% | +$157M |
|
65
NextEra Energy
NEE
$184B
| $201M | 0.2% |
4,912,408
-692
| -0% | -$26.7K |
|
66
Citigroup
C
$213B
| $196M | 0.19% |
2,904,017
-339,077
| -10% | -$25.5M |
|
67
Morgan Stanley
MS
$319B
| $194M | 0.19% |
3,587,079
-31,435
| -0.9% | -$1.74M |
|
68
Mondelez International
MDLZ
$83.4B
| $192M | 0.19% |
4,600,589
+234,796
| +5% | +$10.2M |
|
69
Walmart Inc
WMT
$909B
| $191M | 0.19% |
6,426,687
+418,644
| +7% | +$13.5M |
|
70
MetLife
MET
$62.4B
| $189M | 0.19% |
4,107,780
-213,622
| -5% | -$10.4M |
|
71
American Tower
AMT
$83.5B
| $182M | 0.18% |
1,254,573
+58,955
| +5% | +$8.31M |
|
72
DXC Technology
DXC
$1.91B
| $182M | 0.18% |
2,088,348
-177,707
| -8% | -$15.6M |
|
73
Pfizer
PFE
$143B
| $178M | 0.18% |
5,299,661
-286,150
| -5% | -$9.84M |
|
|
RDS.A
74
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $178M | 0.18% |
2,789,686
-1,174,204
| -30% | -$77.3M |
|
|
SUM
75
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $177M | 0.18% |
5,958,782
+49,274
| +0.8% | +$1.52M |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.02B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
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.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.