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 | |
|---|---|---|---|---|---|---|
51
Chipotle Mexican Grill
CMG
$48.1B
| $349M | 0.39% |
40,440,900
-1,072,550
| -3% | -$9.7M |
|
52
American Electric Power
AEP
$66.6B
| $344M | 0.38% |
4,597,759
+63,019
| +1% | +$4.73M |
|
53
Exelon
EXC
$45.3B
| $336M | 0.38% |
10,457,434
+137,343
| +1% | +$4.39M |
|
|
54
lululemon athletica
LULU
$13.7B
| $315M | 0.35% |
+2,588,881
| New | +$347M |
|
|
CXO
55
DELISTED
CONCHO RESOURCES INC.
CXO
| $300M | 0.34% |
2,916,135
-2,401,399
| -45% | -$318M |
|
56
Centene
CNC
$32B
| $248M | 0.28% |
4,306,190
+308,432
| +8% | +$20.6M |
|
57
Pfizer
PFE
$159B
| $246M | 0.28% |
5,943,275
+652,473
| +12% | +$27.1M |
|
58
Abbott
ABT
$195B
| $223M | 0.25% |
3,084,732
+41,860
| +1% | +$2.94M |
|
59
PNC Financial Services
PNC
$96.6B
| $215M | 0.24% |
1,843,147
-2,623,686
| -59% | -$335M |
|
60
NextEra Energy
NEE
$171B
| $213M | 0.24% |
4,896,948
-19,256
| -0.4% | -$842K |
|
61
Mondelez International
MDLZ
$79.6B
| $211M | 0.24% |
5,264,794
-97,970
| -2% | -$4.18M |
|
62
Walmart Inc
WMT
$820B
| $203M | 0.23% |
6,525,204
+441,546
| +7% | +$14.2M |
|
|
AGN
63
DELISTED
Allergan plc
AGN
| $200M | 0.22% |
1,494,681
-284,978
| -16% | -$46.7M |
|
64
Shopify
SHOP
$197B
| $182M | 0.2% |
13,121,770
+1,569,660
| +14% | +$22.1M |
|
65
Evergy
EVRG
$18.6B
| $181M | 0.2% |
3,181,944
-161,094
| -5% | -$9.3M |
|
66
Ameren
AEE
$29.4B
| $180M | 0.2% |
2,754,539
+356,027
| +15% | +$23.7M |
|
|
RDS.A
67
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $178M | 0.2% |
3,056,140
+73,800
| +2% | +$4.58M |
|
68
Bank of America
BAC
$436B
| $170M | 0.19% |
6,886,193
-882,164
| -11% | -$23.9M |
|
69
MetLife
MET
$61.3B
| $157M | 0.18% |
3,817,814
-46,456
| -1% | -$1.99M |
|
70
EOG Resources
EOG
$75.2B
| $151M | 0.17% |
1,733,715
-326,138
| -16% | -$34.9M |
|
71
Comcast
CMCSA
$96B
| $149M | 0.17% |
4,363,704
+1,317,553
| +43% | +$48.1M |
|
72
Cigna
CI
$73.7B
| $146M | 0.16% |
767,939
-5,314
| -0.7% | -$1.11M |
|
73
Cisco
CSCO
$433B
| $144M | 0.16% |
3,333,757
-53,174
| -2% | -$2.43M |
|
74
HDFC Bank
HDB
$119B
| $144M | 0.16% |
5,558,804
-1,018,336
| -15% | -$24.1M |
|
75
NRG Energy
NRG
$23.4B
| $141M | 0.16% |
3,562,224
-694,600
| -16% | -$26.6M |
|
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.