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 | |
|---|---|---|---|---|---|---|
|
CQH
76
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $177M | 0.19% |
6,597,186
-237,680
| -3% | -$6.12M |
|
77
Roper Technologies
ROP
$42.2B
| $173M | 0.18% |
747,204
-18,760
| -2% | -$4.15M |
|
78
Dollar Tree
DLTR
$24.1B
| $173M | 0.18% |
2,472,918
-116,322
| -4% | -$8.98M |
|
79
RTX Corp
RTX
$285B
| $172M | 0.18% |
2,234,275
-22,853
| -1% | -$1.71M |
|
80
NextEra Energy
NEE
$171B
| $171M | 0.18% |
4,869,892
+64,896
| +1% | +$2.22M |
|
81
Labcorp
LH
$27.2B
| $166M | 0.18% |
1,254,044
-209,864
| -14% | -$25.7M |
|
82
Incyte
INCY
$25.2B
| $165M | 0.18% |
1,313,982
+583,423
| +80% | +$74.2M |
|
83
Union Pacific
UNP
$183B
| $163M | 0.17% |
1,501,068
-226,724
| -13% | -$24.7M |
|
84
Truist Financial
TFC
$61.6B
| $163M | 0.17% |
3,586,585
+435,384
| +14% | +$18.9M |
|
85
DuPont de Nemours
DD
$18.5B
| $161M | 0.17% |
1,005,973
+23,729
| +2% | +$3.77M |
|
86
Eli Lilly
LLY
$1.05T
| $160M | 0.17% |
1,947,061
+237,342
| +14% | +$19.4M |
|
|
MFA
87
MFA Financial
MFA
$893M
| $158M | 0.17% |
4,722,505
-856,762
| -15% | -$28.4M |
|
88
Ametek
AME
$54.2B
| $158M | 0.17% |
2,609,066
-162,127
| -6% | -$9.55M |
|
89
Equinix
EQIX
$103B
| $156M | 0.17% |
363,685
+37,531
| +12% | +$15.9M |
|
90
American Tower
AMT
$82.1B
| $155M | 0.16% |
1,172,913
+4,641
| +0.4% | +$594K |
|
91
Cinemark Holdings
CNK
$4.17B
| $155M | 0.16% |
3,988,676
+988,361
| +33% | +$40.9M |
|
|
FRC
92
DELISTED
First Republic Bank
FRC
| $153M | 0.16% |
1,532,539
-42,174
| -3% | -$3.99M |
|
93
Vail Resorts
MTN
$5.06B
| $152M | 0.16% |
748,058
-279,427
| -27% | -$56.3M |
|
94
Burlington
BURL
$17.1B
| $152M | 0.16% |
1,647,196
-195,894
| -11% | -$18.8M |
|
|
SEE
95
DELISTED
Sealed Air
SEE
| $151M | 0.16% |
3,378,121
+1,614,619
| +92% | +$71.2M |
|
|
TWX
96
DELISTED
Time Warner Inc
TWX
| $150M | 0.16% |
1,497,788
-4,614,500
| -75% | -$457M |
|
97
Affiliated Managers Group
AMG
$9.59B
| $149M | 0.16% |
898,635
+91,855
| +11% | +$14.7M |
|
98
Citigroup
C
$223B
| $149M | 0.16% |
2,224,378
+428,809
| +24% | +$26.3M |
|
99
Williams Companies
WMB
$90.2B
| $147M | 0.16% |
4,869,387
-401,468
| -8% | -$12M |
|
100
Hilton Worldwide
HLT
$72.4B
| $147M | 0.16% |
2,376,678
+453,760
| +24% | +$28.2M |
|
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.