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 | 21.06% |
| 2 | Consumer Discretionary | 16.67% |
| 3 | Financials | 13.94% |
| 4 | Healthcare | 12.79% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
East-West Bancorp
EWBC
$17.7B
| $174M | 0.17% |
2,776,993
-139,022
| -5% | -$9.12M |
|
|
WPX
77
DELISTED
WPX Energy, Inc.
WPX
| $165M | 0.16% |
11,158,618
-617,565
| -5% | -$8.9M |
|
78
Affiliated Managers Group
AMG
$9.59B
| $164M | 0.16% |
865,101
-95,087
| -10% | -$18.5M |
|
79
S&P Global
SPGI
$131B
| $156M | 0.15% |
814,090
-53,198
| -6% | -$9.82M |
|
80
RTX Corp
RTX
$285B
| $155M | 0.15% |
1,963,653
+115,977
| +6% | +$9.58M |
|
|
FOLD
81
DELISTED
Amicus Therapeutics
FOLD
| $155M | 0.15% |
10,335,467
+633,354
| +7% | +$9.64M |
|
|
APC
82
DELISTED
Anadarko Petroleum
APC
| $155M | 0.15% |
2,559,668
+690,566
| +37% | +$40.5M |
|
83
Centene
CNC
$32B
| $153M | 0.15% |
2,862,358
+142,650
| +5% | +$7.44M |
|
|
TFCFA
84
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $152M | 0.15% |
4,137,514
-29,580
| -0.7% | -$1.09M |
|
85
Ulta Beauty
ULTA
$22.1B
| $152M | 0.15% |
743,112
+21,435
| +3% | +$4.64M |
|
86
DuPont de Nemours
DD
$18.5B
| $152M | 0.15% |
940,785
-42,390
| -4% | -$7.67M |
|
|
GXP
87
DELISTED
Great Plains Energy Incorporated
GXP
| $152M | 0.15% |
4,770,713
-173,269
| -4% | -$5.28M |
|
88
Cigna
CI
$73.7B
| $151M | 0.15% |
901,941
-244,552
| -21% | -$47.5M |
|
89
Abbott
ABT
$195B
| $149M | 0.15% |
2,487,604
+382,636
| +18% | +$23.1M |
|
90
Targa Resources
TRGP
$61.7B
| $148M | 0.15% |
3,352,634
+127,995
| +4% | +$6.1M |
|
91
Labcorp
LH
$27.2B
| $147M | 0.15% |
1,055,079
-50,712
| -5% | -$7.45M |
|
92
Eli Lilly
LLY
$1.05T
| $147M | 0.15% |
1,893,697
-383,990
| -17% | -$30.9M |
|
93
Dollar Tree
DLTR
$24.1B
| $146M | 0.15% |
1,542,796
-266,134
| -15% | -$27.9M |
|
94
Ametek
AME
$54.2B
| $146M | 0.15% |
1,923,659
-247,799
| -11% | -$18.8M |
|
|
CQH
95
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $146M | 0.14% |
5,270,269
-483,062
| -8% | -$13.6M |
|
96
Analog Devices
ADI
$175B
| $144M | 0.14% |
1,575,298
-202,755
| -11% | -$18.5M |
|
97
Roper Technologies
ROP
$42.2B
| $143M | 0.14% |
510,145
-76,901
| -13% | -$21.2M |
|
98
NRG Energy
NRG
$23.4B
| $143M | 0.14% |
4,671,653
+863,123
| +23% | +$23.9M |
|
99
ServiceNow
NOW
$150B
| $142M | 0.14% |
4,296,755
-771,480
| -15% | -$23.8M |
|
100
FMC
FMC
$1.42B
| $142M | 0.14% |
2,140,785
-251,081
| -10% | -$18.7M |
|
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 $4.11B 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.