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 |
McDonald's
MCD
|
+$770M |
| 2 |
Crown Castle
CCI
|
+$678M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$557M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$437M |
| 5 |
BioMarin Pharmaceuticals
BMRN
|
+$305M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$1.22B |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$1.04B |
| 3 |
Amazon
AMZN
|
+$661M |
| 4 |
SHPG
Shire pic
SHPG
|
+$478M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$457M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.25% |
| 2 | Consumer Discretionary | 17.77% |
| 3 | Healthcare | 14.23% |
| 4 | Communication Services | 13.04% |
| 5 | Financials | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
101
Nike
NKE
$58.7B
| $147M | 0.16% |
2,488,621
-22,700,943
| -90% | -$1.22B |
|
102
Centene
CNC
$32B
| $146M | 0.15% |
3,652,348
-293,590
| -7% | -$11.1M |
|
|
INFO
103
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $144M | 0.15% |
3,278,792
-191,611
| -6% | -$8.54M |
|
104
DTE Energy
DTE
$28.3B
| $142M | 0.15% |
1,580,274
| – | – |
|
105
Flex
FLEX
$40.8B
| $142M | 0.15% |
11,542,202
+4,419,110
| +62% | +$54.7M |
|
106
East-West Bancorp
EWBC
$17.7B
| $141M | 0.15% |
2,404,624
-43,628
| -2% | -$2.4M |
|
107
Carnival Corporation Ltd
CCL
$33.9B
| $138M | 0.15% |
2,103,687
-418,796
| -17% | -$26.1M |
|
108
S&P Global
SPGI
$131B
| $137M | 0.15% |
936,547
-1,797,579
| -66% | -$250M |
|
109
American Electric Power
AEP
$66.6B
| $136M | 0.14% |
1,951,712
+8,343
| +0.4% | +$580K |
|
110
Morgan Stanley
MS
$337B
| $134M | 0.14% |
3,016,197
-649,039
| -18% | -$28M |
|
|
SAVE
111
DELISTED
Spirit Airlines, Inc.
SAVE
| $134M | 0.14% |
2,591,418
-57,209
| -2% | -$3.13M |
|
112
Targa Resources
TRGP
$61.7B
| $131M | 0.14% |
2,889,203
-460,420
| -14% | -$23.2M |
|
113
DexCom
DXCM
$34.3B
| $130M | 0.14% |
7,104,164
+1,115,648
| +19% | +$20.6M |
|
114
Conagra Brands
CAG
$7.72B
| $127M | 0.13% |
3,550,721
-23,038
| -0.6% | -$892K |
|
115
Amphenol
APH
$194B
| $127M | 0.13% |
6,867,032
-1,093,640
| -14% | -$20M |
|
116
Suncor Energy
SU
$76.5B
| $126M | 0.13% |
4,321,310
-519,258
| -11% | -$16M |
|
117
Zoetis
ZTS
$32B
| $126M | 0.13% |
2,018,826
-50,537
| -2% | -$2.98M |
|
118
Palo Alto Networks
PANW
$303B
| $126M | 0.13% |
5,635,374
-11,666,136
| -67% | -$236M |
|
119
Newell Brands
NWL
$2.63B
| $125M | 0.13% |
+2,328,211
| New | +$118M |
|
120
ServiceNow
NOW
$150B
| $125M | 0.13% |
5,878,775
-411,205
| -7% | -$8.06M |
|
121
Merck
MRK
$366B
| $125M | 0.13% |
2,037,280
-237,401
| -10% | -$14.5M |
|
122
CBRE Group
CBRE
$43.7B
| $124M | 0.13% |
3,413,349
-84,526
| -2% | -$2.94M |
|
123
Walmart Inc
WMT
$820B
| $123M | 0.13% |
4,872,375
+890,631
| +22% | +$22.6M |
|
124
Edison International
EIX
$27B
| $123M | 0.13% |
1,569,527
+8,946
| +0.6% | +$717K |
|
|
EA
125
DELISTED
Electronic Arts
EA
| $121M | 0.13% |
1,148,612
-249,629
| -18% | -$25.7M |
|
Similar funds
Jennison Associates's Q2 2017 Portfolio in Review
As of Q2 2017, Jennison Associates held 698 positions worth $94.3B, up 1.1% from $93.2B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates withdrew a net $3.11B in Q2 2017, closing 61 positions and reducing 332 holdings. Its most notable exit was NXP Semiconductors, an estimated $452M 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 Healthcare.
Against the trend, Jennison Associates opened a new position in Newell Brands worth $125M.
- Jennison Associates's largest Q2 2017 buy was Newell Brands: 2,328,211 shares worth $125M.
- Jennison Associates added most to McDonald's in Q2 2017, an estimated $770M increase.
- Jennison Associates's biggest Q2 2017 reduction was Nike, cutting an estimated $1.22B.
- Jennison Associates fully exited NXP Semiconductors in Q2 2017, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 27% of its $94.3B portfolio in Q2 2017.
- Jennison Associates opened 62 new positions and closed 61 in Q2 2017.
- Jennison Associates's portfolio value rose 1.1% quarter-over-quarter to $94.3B.
Based on Jennison Associates's 13F filing for Q2 2017, filed 4 Aug 2017.