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
|
+$774M |
| 2 |
Intuitive Surgical
ISRG
|
+$654M |
| 3 |
S&P Global
SPGI
|
+$464M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$326M |
| 5 |
CELG
Celgene Corp
CELG
|
+$243M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$591M |
| 2 |
Broadcom
AVGO
|
+$550M |
| 3 |
Monster Beverage
MNST
|
+$408M |
| 4 |
Booking.com
BKNG
|
+$377M |
| 5 |
McDonald's
MCD
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.49% |
| 2 | Consumer Discretionary | 16.46% |
| 3 | Healthcare | 15.81% |
| 4 | Financials | 12.97% |
| 5 | Communication Services | 11.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
RTX Corp
RTX
$285B
| $186M | 0.17% |
2,115,153
-909
| -0% | -$76.3K |
|
77
Evergy
EVRG
$18.6B
| $184M | 0.17% |
3,343,038
+430,923
| +15% | +$24.4M |
|
78
SLM Corp
SLM
$4.97B
| $183M | 0.17% |
16,414,743
-1,326,676
| -7% | -$15.4M |
|
79
MetLife
MET
$61.3B
| $181M | 0.17% |
3,864,270
+684,717
| +22% | +$31.3M |
|
80
Citigroup
C
$223B
| $171M | 0.16% |
2,383,280
+134,823
| +6% | +$9.53M |
|
81
Zimmer Biomet
ZBH
$19.2B
| $169M | 0.16% |
1,327,233
+208,367
| +19% | +$24.8M |
|
82
East-West Bancorp
EWBC
$17.7B
| $168M | 0.15% |
2,783,651
-19,062
| -0.7% | -$1.22M |
|
83
Cisco
CSCO
$433B
| $165M | 0.15% |
3,386,931
-102,474
| -3% | -$4.61M |
|
84
CDW
CDW
$18.5B
| $164M | 0.15% |
1,848,593
-140,857
| -7% | -$12.2M |
|
85
Cigna
CI
$73.7B
| $161M | 0.15% |
773,253
-13,830
| -2% | -$2.56M |
|
86
NRG Energy
NRG
$23.4B
| $159M | 0.15% |
4,256,824
-9,910
| -0.2% | -$332K |
|
87
Ulta Beauty
ULTA
$22.2B
| $156M | 0.14% |
551,303
-123,722
| -18% | -$31.6M |
|
88
Ross Stores
ROST
$73.3B
| $155M | 0.14% |
1,567,430
-142,660
| -8% | -$13.1M |
|
|
APC
89
DELISTED
Anadarko Petroleum
APC
| $155M | 0.14% |
2,304,115
-632,951
| -22% | -$42.7M |
|
90
HDFC Bank
HDB
$119B
| $155M | 0.14% |
6,577,140
+1,536,716
| +30% | +$39.2M |
|
91
SLB Ltd
SLB
$85.1B
| $154M | 0.14% |
2,529,562
-663,406
| -21% | -$42.7M |
|
92
FMC
FMC
$1.42B
| $153M | 0.14% |
2,017,125
-141,267
| -7% | -$10.6M |
|
93
Union Pacific
UNP
$183B
| $152M | 0.14% |
933,612
-79,365
| -8% | -$11.9M |
|
94
Labcorp
LH
$27.2B
| $152M | 0.14% |
1,017,399
-116,746
| -10% | -$17.8M |
|
95
Ameren
AEE
$29.4B
| $152M | 0.14% |
2,398,512
+186,956
| +8% | +$11.8M |
|
96
DuPont de Nemours
DD
$18.5B
| $151M | 0.14% |
926,521
-190,129
| -17% | -$32.7M |
|
|
TIF
97
DELISTED
Tiffany & Co.
TIF
| $151M | 0.14% |
+1,169,094
| New | +$153M |
|
98
Morgan Stanley
MS
$337B
| $147M | 0.14% |
3,165,428
-275,847
| -8% | -$13.5M |
|
99
Marvell Technology
MRVL
$195B
| $147M | 0.14% |
7,611,736
+2,449,407
| +47% | +$50.4M |
|
100
Global Payments
GPN
$24.3B
| $145M | 0.13% |
1,140,486
-615,583
| -35% | -$74M |
|
Similar funds
Jennison Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Jennison Associates held 739 positions worth $109B, up 5.9% from $103B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q3 2018 filing shows 86 new, 214 increased, 352 reduced and 81 closed positions. Its largest new stake was Tiffany & Co.: 1,169,094 shares worth $151M. The largest sale was FedEx, an estimated $591M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2018 buy was Tiffany & Co.: 1,169,094 shares worth $151M.
- Jennison Associates added most to AstraZeneca in Q3 2018, an estimated $774M increase.
- Jennison Associates's biggest Q3 2018 reduction was FedEx, cutting an estimated $591M.
- Jennison Associates fully exited Cheniere Energy Partners LP Holdings LLC in Q3 2018, selling an estimated $134M.
- Jennison Associates's ten largest holdings make up 30% of its $109B portfolio in Q3 2018.
- Jennison Associates opened 86 new positions and closed 81 in Q3 2018.
- Jennison Associates's portfolio value rose 5.9% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q3 2018, filed 8 Nov 2018.