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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.11% |
| 2 | Consumer Discretionary | 15.78% |
| 3 | Financials | 12.94% |
| 4 | Healthcare | 12.88% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
S&P Global
SPGI
$131B
| $147M | 0.15% |
867,288
-21,817
| -2% | -$3.56M |
|
102
Starwood Property Trust
STWD
$5.85B
| $144M | 0.14% |
6,752,537
-350,344
| -5% | -$7.59M |
|
|
TFCFA
103
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $144M | 0.14% |
4,167,094
+496,588
| +14% | +$14.8M |
|
|
FOLD
104
DELISTED
Amicus Therapeutics
FOLD
| $140M | 0.14% |
9,702,113
-69,912
| -0.7% | -$961K |
|
105
Suncor Energy
SU
$76.5B
| $138M | 0.14% |
3,753,733
-229,870
| -6% | -$7.98M |
|
106
Centene
CNC
$32B
| $137M | 0.14% |
2,719,708
-21,912
| -0.8% | -$1.06M |
|
107
Union Pacific
UNP
$183B
| $137M | 0.14% |
1,022,596
+20,919
| +2% | +$2.52M |
|
108
Conagra Brands
CAG
$7.72B
| $136M | 0.13% |
3,604,098
+50,034
| +1% | +$1.78M |
|
109
CDW
CDW
$18.5B
| $135M | 0.13% |
1,948,499
+92,103
| +5% | +$6.34M |
|
110
Nike
NKE
$58.7B
| $135M | 0.13% |
2,158,341
-271,127
| -11% | -$15.6M |
|
111
Quanta Services
PWR
$90.6B
| $133M | 0.13% |
3,389,149
+966,316
| +40% | +$36.3M |
|
112
ServiceNow
NOW
$150B
| $132M | 0.13% |
5,068,235
-371,000
| -7% | -$9.22M |
|
|
WP
113
DELISTED
Worldpay, Inc.
WP
| $132M | 0.13% |
1,796,225
-769,953
| -30% | -$55M |
|
114
CBRE Group
CBRE
$43.7B
| $132M | 0.13% |
3,049,818
-33,589
| -1% | -$1.39M |
|
115
Zoetis
ZTS
$32B
| $130M | 0.13% |
1,799,793
-37,200
| -2% | -$2.55M |
|
116
Chevron
CVX
$396B
| $129M | 0.13% |
1,032,754
+697
| +0.1% | +$82.7K |
|
117
Vail Resorts
MTN
$5.06B
| $129M | 0.13% |
608,496
+234,198
| +63% | +$52.4M |
|
118
Exelixis
EXEL
$13.5B
| $129M | 0.13% |
4,228,761
+1,167,758
| +38% | +$31.1M |
|
|
INFO
119
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $126M | 0.12% |
2,797,983
-169,863
| -6% | -$7.49M |
|
120
Williams Companies
WMB
$90.2B
| $126M | 0.12% |
4,120,338
-653,412
| -14% | -$19M |
|
121
Abbott
ABT
$195B
| $120M | 0.12% |
2,104,968
+387,922
| +23% | +$21.5M |
|
122
HDFC Bank
HDB
$119B
| $119M | 0.12% |
4,674,216
+452,860
| +11% | +$10.8M |
|
123
Chubb
CB
$131B
| $119M | 0.12% |
811,761
+115,556
| +17% | +$17.3M |
|
124
Cisco
CSCO
$433B
| $118M | 0.12% |
3,091,837
+968,980
| +46% | +$34.6M |
|
125
Bankunited
BKU
$3.3B
| $118M | 0.12% |
2,907,755
+496,381
| +21% | +$18.1M |
|
Similar funds
Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.