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 | |
|---|---|---|---|---|---|---|
76
FMC
FMC
$1.42B
| $167M | 0.16% |
2,158,392
+17,607
| +0.8% | +$1.31M |
|
77
RTX Corp
RTX
$285B
| $167M | 0.16% |
2,116,062
+152,409
| +8% | +$11.9M |
|
78
S&P Global
SPGI
$131B
| $165M | 0.16% |
809,137
-4,953
| -0.6% | -$978K |
|
79
Tapestry
TPR
$25B
| $165M | 0.16% |
3,527,769
-477,331
| -12% | -$23M |
|
80
Evergy
EVRG
$18.6B
| $164M | 0.16% |
+2,912,115
| New | +$156M |
|
81
Morgan Stanley
MS
$337B
| $163M | 0.16% |
3,441,275
-145,804
| -4% | -$7.62M |
|
82
Eli Lilly
LLY
$1.05T
| $162M | 0.16% |
1,901,969
+8,272
| +0.4% | +$679K |
|
83
CDW
CDW
$18.5B
| $161M | 0.16% |
1,989,450
+41,234
| +2% | +$3.19M |
|
84
Sarepta Therapeutics
SRPT
$2.2B
| $160M | 0.16% |
1,213,899
-113,104
| -9% | -$10.7M |
|
|
FOLD
85
DELISTED
Amicus Therapeutics
FOLD
| $158M | 0.15% |
10,094,767
-240,700
| -2% | -$3.64M |
|
86
Ulta Beauty
ULTA
$22.1B
| $158M | 0.15% |
675,025
-68,087
| -9% | -$16.4M |
|
87
Chipotle Mexican Grill
CMG
$48.1B
| $157M | 0.15% |
+18,171,000
| New | +$149M |
|
88
Pfizer
PFE
$159B
| $157M | 0.15% |
4,549,298
-750,363
| -14% | -$25.6M |
|
|
SUM
89
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $155M | 0.15% |
5,999,637
+40,855
| +0.7% | +$1.14M |
|
90
Targa Resources
TRGP
$61.7B
| $151M | 0.15% |
3,050,895
-301,739
| -9% | -$14.3M |
|
91
Citigroup
C
$223B
| $150M | 0.15% |
2,248,457
-655,560
| -23% | -$45.1M |
|
92
Cisco
CSCO
$433B
| $150M | 0.15% |
3,489,405
+404,363
| +13% | +$17.7M |
|
93
Vail Resorts
MTN
$5.06B
| $146M | 0.14% |
531,574
-53,613
| -9% | -$13.1M |
|
94
Ross Stores
ROST
$73.3B
| $145M | 0.14% |
1,710,090
+705,317
| +70% | +$57.4M |
|
95
Union Pacific
UNP
$183B
| $144M | 0.14% |
1,012,977
+1,276
| +0.1% | +$178K |
|
96
Bankunited
BKU
$3.3B
| $140M | 0.14% |
3,415,826
+32,205
| +1% | +$1.34M |
|
97
Howard Hughes
HHH
$3.87B
| $139M | 0.14% |
1,103,795
+352,034
| +47% | +$44.8M |
|
98
DTE Energy
DTE
$28.3B
| $139M | 0.14% |
1,580,274
| – | – |
|
99
MetLife
MET
$61.3B
| $139M | 0.14% |
3,179,553
-928,227
| -23% | -$43.3M |
|
|
MINI
100
DELISTED
Mobile Mini Inc
MINI
| $137M | 0.13% |
2,910,795
-104,615
| -3% | -$4.73M |
|
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.