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 |
AstraZeneca
AZN
|
+$693M |
| 2 |
Constellation Brands
STZ
|
+$368M |
| 3 |
Tesla
TSLA
|
+$332M |
| 4 |
NVIDIA
NVDA
|
+$300M |
| 5 |
Booking.com
BKNG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$821M |
| 2 |
Netflix
NFLX
|
+$777M |
| 3 |
AbbVie
ABBV
|
+$583M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$477M |
| 5 |
FedEx
FDX
|
+$456M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.29% |
| 2 | Consumer Discretionary | 17.84% |
| 3 | Financials | 13.34% |
| 4 | Healthcare | 12.27% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
American Electric Power
AEP
$66.6B
| $298M | 0.29% |
4,308,696
+872,838
| +25% | +$58.8M |
|
52
Halliburton
HAL
$30.1B
| $291M | 0.28% |
6,461,173
-1,568,927
| -20% | -$78.1M |
|
|
NBL
53
DELISTED
Noble Energy, Inc.
NBL
| $274M | 0.27% |
7,754,063
+160,549
| +2% | +$5.46M |
|
|
AGN
54
DELISTED
Allergan plc
AGN
| $273M | 0.27% |
1,640,464
-301,920
| -16% | -$48.5M |
|
55
EOG Resources
EOG
$75.2B
| $263M | 0.26% |
2,112,593
-34,075
| -2% | -$3.96M |
|
56
Centene
CNC
$32B
| $260M | 0.25% |
4,226,052
+1,363,694
| +48% | +$78.6M |
|
57
Bank of America
BAC
$436B
| $244M | 0.24% |
8,662,019
-2,215,777
| -20% | -$66.1M |
|
58
Truist Financial
TFC
$61.6B
| $222M | 0.22% |
4,401,097
-26,091
| -0.6% | -$1.39M |
|
|
APC
59
DELISTED
Anadarko Petroleum
APC
| $215M | 0.21% |
2,937,066
+377,398
| +15% | +$25.6M |
|
60
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $215M | 0.21% |
3,501,820
+233,210
| +7% | +$15.2M |
|
61
SLB Ltd
SLB
$85.1B
| $214M | 0.21% |
3,192,968
+39,009
| +1% | +$2.68M |
|
62
SBA Communications
SBAC
$20.3B
| $214M | 0.21% |
1,295,092
-211,528
| -14% | -$34.1M |
|
|
RDS.A
63
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $213M | 0.21% |
3,076,503
+286,817
| +10% | +$19.9M |
|
|
WPX
64
DELISTED
WPX Energy, Inc.
WPX
| $206M | 0.2% |
11,440,094
+281,476
| +3% | +$4.82M |
|
65
NextEra Energy
NEE
$171B
| $206M | 0.2% |
4,929,812
+17,404
| +0.4% | +$703K |
|
66
Mondelez International
MDLZ
$79.6B
| $204M | 0.2% |
4,972,259
+371,670
| +8% | +$14.9M |
|
67
SLM Corp
SLM
$4.97B
| $203M | 0.2% |
17,741,419
-2,460,288
| -12% | -$28.5M |
|
68
Global Payments
GPN
$24.3B
| $196M | 0.19% |
1,756,069
-299,095
| -15% | -$33.8M |
|
69
DuPont de Nemours
DD
$18.5B
| $186M | 0.18% |
1,116,650
+175,865
| +19% | +$29.4M |
|
70
East-West Bancorp
EWBC
$17.7B
| $183M | 0.18% |
2,802,713
+25,720
| +0.9% | +$1.74M |
|
71
American Tower
AMT
$82.1B
| $178M | 0.17% |
1,232,255
-22,318
| -2% | -$3.1M |
|
72
Walmart Inc
WMT
$820B
| $177M | 0.17% |
6,208,194
-218,493
| -3% | -$6.21M |
|
73
Labcorp
LH
$27.2B
| $175M | 0.17% |
1,134,145
+79,066
| +7% | +$11.9M |
|
|
TFCFA
74
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $169M | 0.16% |
3,395,758
-741,756
| -18% | -$29.3M |
|
75
Abbott
ABT
$195B
| $169M | 0.16% |
2,766,517
+278,913
| +11% | +$16.9M |
|
Similar funds
Jennison Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Jennison Associates held 740 positions worth $103B, up 2% from $101B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jennison Associates withdrew a net $3.91B in Q2 2018, closing 87 positions and reducing 296 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $152M 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 Financials.
Against the trend, Jennison Associates opened a new position in AstraZeneca worth $677M.
- Jennison Associates's largest Q2 2018 buy was AstraZeneca: 9,637,084 shares worth $677M.
- Jennison Associates added most to Constellation Brands in Q2 2018, an estimated $368M increase.
- Jennison Associates's biggest Q2 2018 reduction was Charter Communications, cutting an estimated $821M.
- Jennison Associates fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $152M.
- Jennison Associates's ten largest holdings make up 29% of its $103B portfolio in Q2 2018.
- Jennison Associates opened 89 new positions and closed 87 in Q2 2018.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $103B.
Based on Jennison Associates's 13F filing for Q2 2018, filed 2 Aug 2018.