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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.06% |
| 2 | Consumer Discretionary | 16.67% |
| 3 | Financials | 13.94% |
| 4 | Healthcare | 12.79% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UNVR
101
DELISTED
Univar Solutions Inc.
UNVR
| $142M | 0.14% |
5,105,549
-247,963
| -5% | -$7.29M |
|
102
DTE Energy
DTE
$28.3B
| $140M | 0.14% |
1,580,274
-113,080
| -7% | -$9.92M |
|
103
Carnival Corporation Ltd
CCL
$33.9B
| $137M | 0.14% |
2,089,485
+547,011
| +35% | +$37.2M |
|
104
CDW
CDW
$18.5B
| $137M | 0.14% |
1,948,216
-283
| -0% | -$20.7K |
|
105
Union Pacific
UNP
$183B
| $136M | 0.14% |
1,011,701
-10,895
| -1% | -$1.47M |
|
106
Chubb
CB
$131B
| $136M | 0.14% |
992,662
+180,901
| +22% | +$26.2M |
|
107
Flex
FLEX
$40.8B
| $136M | 0.13% |
11,026,502
-443,910
| -4% | -$6.06M |
|
108
Bankunited
BKU
$3.3B
| $135M | 0.13% |
3,383,621
+475,866
| +16% | +$19.7M |
|
109
Sempra
SRE
$55.1B
| $135M | 0.13% |
2,426,262
+1,385,830
| +133% | +$74.8M |
|
110
Cisco
CSCO
$433B
| $132M | 0.13% |
3,085,042
-6,795
| -0.2% | -$288K |
|
|
MINI
111
DELISTED
Mobile Mini Inc
MINI
| $131M | 0.13% |
3,015,410
-284,613
| -9% | -$11.6M |
|
|
WP
112
DELISTED
Worldpay, Inc.
WP
| $130M | 0.13% |
1,584,626
-211,599
| -12% | -$16.8M |
|
113
Vail Resorts
MTN
$5.06B
| $130M | 0.13% |
585,187
-23,309
| -4% | -$5.1M |
|
|
SAGE
114
DELISTED
Sage Therapeutics
SAGE
| $127M | 0.13% |
791,023
+112,316
| +17% | +$19.1M |
|
115
CBRE Group
CBRE
$43.7B
| $127M | 0.13% |
2,697,255
-352,563
| -12% | -$16.1M |
|
116
Zoetis
ZTS
$32B
| $126M | 0.13% |
1,512,063
-287,730
| -16% | -$22.7M |
|
117
Starwood Property Trust
STWD
$5.85B
| $126M | 0.13% |
6,016,101
-736,436
| -11% | -$15.2M |
|
118
Equinix
EQIX
$103B
| $126M | 0.12% |
300,435
-49,970
| -14% | -$21M |
|
119
CMS Energy
CMS
$21.4B
| $125M | 0.12% |
2,760,367
+356,905
| +15% | +$15.7M |
|
120
Conagra Brands
CAG
$7.72B
| $124M | 0.12% |
3,368,048
-236,050
| -7% | -$8.7M |
|
121
Humana
HUM
$46.3B
| $124M | 0.12% |
460,516
+49,291
| +12% | +$13.3M |
|
122
Hilton Worldwide
HLT
$72.4B
| $123M | 0.12% |
1,567,789
-541,681
| -26% | -$44.5M |
|
|
CAVM
123
DELISTED
Cavium, Inc.
CAVM
| $122M | 0.12% |
1,541,493
-358,689
| -19% | -$31.3M |
|
124
Williams Companies
WMB
$90.2B
| $121M | 0.12% |
4,864,476
+744,138
| +18% | +$22M |
|
|
AMTD
125
DELISTED
TD Ameritrade Holding Corp
AMTD
| $120M | 0.12% |
2,023,481
-179,742
| -8% | -$10.2M |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.11B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
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.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.