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 |
Qualcomm
QCOM
|
+$1.02B |
| 2 |
Walt Disney
DIS
|
+$913M |
| 3 |
lululemon athletica
LULU
|
+$435M |
| 4 |
ServiceNow
NOW
|
+$382M |
| 5 |
Twilio
TWLO
|
+$336M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$883M |
| 2 |
RHT
Red Hat Inc
RHT
|
+$656M |
| 3 |
UnitedHealth
UNH
|
+$601M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$543M |
| 5 |
AstraZeneca
AZN
|
+$375M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.26% |
| 2 | Consumer Discretionary | 16.29% |
| 3 | Healthcare | 15.56% |
| 4 | Financials | 12.45% |
| 5 | Communication Services | 12.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XIFR
76
XPLR Infrastructure LP
XIFR
$1.11B
| $160M | 0.16% |
3,321,053
+75,111
| +2% | +$3.48M |
|
|
RDS.A
77
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $160M | 0.16% |
2,459,017
-273,124
| -10% | -$17.5M |
|
78
NiSource
NI
$19.5B
| $160M | 0.16% |
5,555,060
-71,548
| -1% | -$2.02M |
|
79
Citigroup
C
$223B
| $158M | 0.16% |
2,263,299
-281,783
| -11% | -$18.9M |
|
80
Oneok
OKE
$59.7B
| $157M | 0.16% |
2,288,806
-9,817
| -0.4% | -$662K |
|
|
81
Merck
MRK
$366B
| $153M | 0.15% |
1,915,145
-11,537,082
| -86% | -$883M |
|
82
Sarepta Therapeutics
SRPT
$2.2B
| $152M | 0.15% |
1,000,299
-7,180
| -0.7% | -$873K |
|
83
PNC Financial Services
PNC
$96.6B
| $150M | 0.15% |
1,090,083
-8,067
| -0.7% | -$1.07M |
|
84
CDW
CDW
$18.5B
| $149M | 0.15% |
1,339,681
-253,814
| -16% | -$26.6M |
|
85
FirstEnergy
FE
$26.5B
| $147M | 0.15% |
3,424,311
+16,508
| +0.5% | +$694K |
|
86
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $143M | 0.14% |
2,487,634
-224,114
| -8% | -$12.6M |
|
87
CMS Energy
CMS
$21.4B
| $141M | 0.14% |
2,436,041
+1,101
| +0% | +$61.8K |
|
88
HubSpot
HUBS
$13B
| $139M | 0.14% |
816,438
-12,717
| -2% | -$2.22M |
|
89
Entergy
ETR
$49.3B
| $138M | 0.14% |
2,682,172
-52,334
| -2% | -$2.55M |
|
90
Cheniere Energy
LNG
$58.3B
| $135M | 0.13% |
1,969,934
-213,657
| -10% | -$14.1M |
|
|
NBL
91
DELISTED
Noble Energy, Inc.
NBL
| $132M | 0.13% |
5,909,317
-553,940
| -9% | -$13.2M |
|
92
IQVIA
IQV
$43.1B
| $132M | 0.13% |
821,936
+351,318
| +75% | +$49.3M |
|
93
Linde
LIN
$226B
| $131M | 0.13% |
651,242
+282,628
| +77% | +$52.9M |
|
94
Marvell Technology
MRVL
$195B
| $129M | 0.13% |
5,403,507
-1,972,285
| -27% | -$46.1M |
|
95
Ross Stores
ROST
$73.3B
| $128M | 0.13% |
1,289,953
-72,166
| -5% | -$7.03M |
|
96
Parker-Hannifin
PH
$125B
| $127M | 0.13% |
748,516
-22,461
| -3% | -$3.87M |
|
97
RTX Corp
RTX
$285B
| $124M | 0.12% |
1,518,412
-174,957
| -10% | -$14.6M |
|
98
DTE Energy
DTE
$28.3B
| $124M | 0.12% |
1,137,440
-139,982
| -11% | -$15M |
|
99
Natera
NTRA
$47B
| $122M | 0.12% |
4,434,727
+869,420
| +24% | +$19.2M |
|
|
WPX
100
DELISTED
WPX Energy, Inc.
WPX
| $122M | 0.12% |
10,610,832
+70,810
| +0.7% | +$880K |
|
Similar funds
Jennison Associates's Q2 2019 Portfolio in Review
As of Q2 2019, Jennison Associates held 692 positions worth $101B, up 0.01% from $101B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jennison Associates withdrew a net $3.68B in Q2 2019, closing 50 positions and reducing 376 holdings. Its most notable exit was Activision Blizzard, an estimated $175M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Uber worth $323M.
- Jennison Associates's largest Q2 2019 buy was Uber: 6,953,868 shares worth $323M.
- Jennison Associates added most to Qualcomm in Q2 2019, an estimated $1.02B increase.
- Jennison Associates's biggest Q2 2019 reduction was Merck, cutting an estimated $883M.
- Jennison Associates fully exited Activision Blizzard in Q2 2019, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 32% of its $101B portfolio in Q2 2019.
- Jennison Associates opened 65 new positions and closed 50 in Q2 2019.
- Jennison Associates's portfolio value rose 0.01% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q2 2019, filed 6 Aug 2019.