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 | |
|---|---|---|---|---|---|---|
76
CDW
CDW
$18.5B
| $138M | 0.15% |
1,700,397
-148,196
| -8% | -$12.8M |
|
77
Zimmer Biomet
ZBH
$19.2B
| $137M | 0.15% |
1,357,713
+30,480
| +2% | +$3.43M |
|
78
Cheniere Energy
LNG
$58.3B
| $136M | 0.15% |
2,297,053
-955,414
| -29% | -$58.8M |
|
79
Williams Companies
WMB
$90.2B
| $130M | 0.15% |
5,897,379
-966,836
| -14% | -$24.2M |
|
80
SLM Corp
SLM
$4.97B
| $129M | 0.14% |
15,523,998
-890,745
| -5% | -$8.87M |
|
|
XIFR
81
XPLR Infrastructure LP
XIFR
$1.11B
| $128M | 0.14% |
2,970,806
+607,174
| +26% | +$27.7M |
|
82
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $125M | 0.14% |
2,717,735
-620,750
| -19% | -$32.9M |
|
|
NBL
83
DELISTED
Noble Energy, Inc.
NBL
| $124M | 0.14% |
6,606,063
-561,193
| -8% | -$14.4M |
|
84
SBA Communications
SBAC
$20.3B
| $123M | 0.14% |
760,552
-83,393
| -10% | -$13.6M |
|
85
Citigroup
C
$223B
| $122M | 0.14% |
2,341,594
-41,686
| -2% | -$2.64M |
|
86
Chevron
CVX
$396B
| $121M | 0.14% |
1,116,412
+34,176
| +3% | +$3.96M |
|
87
HubSpot
HUBS
$13B
| $121M | 0.14% |
963,745
+20,323
| +2% | +$2.66M |
|
88
CMS Energy
CMS
$21.4B
| $121M | 0.14% |
2,431,947
| – | – |
|
|
WPX
89
DELISTED
WPX Energy, Inc.
WPX
| $120M | 0.13% |
10,597,231
-540,867
| -5% | -$8.2M |
|
90
FMC
FMC
$1.42B
| $120M | 0.13% |
1,874,567
-142,558
| -7% | -$10M |
|
91
East-West Bancorp
EWBC
$17.7B
| $120M | 0.13% |
2,756,834
-26,817
| -1% | -$1.39M |
|
92
DTE Energy
DTE
$28.3B
| $120M | 0.13% |
1,277,422
-195,868
| -13% | -$19.1M |
|
93
Vail Resorts
MTN
$5.06B
| $118M | 0.13% |
561,557
+93,183
| +20% | +$23M |
|
94
Ulta Beauty
ULTA
$22.1B
| $117M | 0.13% |
478,508
-72,795
| -13% | -$20.1M |
|
95
Chubb
CB
$131B
| $117M | 0.13% |
906,367
+20,603
| +2% | +$2.66M |
|
96
RTX Corp
RTX
$285B
| $114M | 0.13% |
1,704,835
-410,318
| -19% | -$32.2M |
|
97
Ross Stores
ROST
$73.3B
| $114M | 0.13% |
1,365,276
-202,154
| -13% | -$18.3M |
|
98
Sarepta Therapeutics
SRPT
$2.2B
| $112M | 0.12% |
1,022,515
-196,988
| -16% | -$24.6M |
|
99
Marvell Technology
MRVL
$195B
| $111M | 0.12% |
6,842,646
-769,090
| -10% | -$12.7M |
|
100
Oneok
OKE
$59.7B
| $108M | 0.12% |
2,009,867
+257,454
| +15% | +$16M |
|
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.