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 |
AstraZeneca
AZN
|
+$774M |
| 2 |
Intuitive Surgical
ISRG
|
+$654M |
| 3 |
S&P Global
SPGI
|
+$464M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$326M |
| 5 |
CELG
Celgene Corp
CELG
|
+$243M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$591M |
| 2 |
Broadcom
AVGO
|
+$550M |
| 3 |
Monster Beverage
MNST
|
+$408M |
| 4 |
Booking.com
BKNG
|
+$377M |
| 5 |
McDonald's
MCD
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.49% |
| 2 | Consumer Discretionary | 16.46% |
| 3 | Healthcare | 15.81% |
| 4 | Financials | 12.97% |
| 5 | Communication Services | 11.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
HubSpot
HUBS
$13B
| $142M | 0.13% |
943,422
+70,430
| +8% | +$9.68M |
|
102
Tapestry
TPR
$25B
| $141M | 0.13% |
2,810,276
-717,493
| -20% | -$35.1M |
|
103
American Tower
AMT
$82.1B
| $138M | 0.13% |
949,104
-283,151
| -23% | -$41.5M |
|
104
DTE Energy
DTE
$28.3B
| $137M | 0.13% |
1,473,290
-106,984
| -7% | -$9.97M |
|
105
Fidelity National Information Services
FIS
$21.4B
| $136M | 0.13% |
1,244,964
+99,922
| +9% | +$10.8M |
|
106
Emerson Electric
EMR
$86.6B
| $136M | 0.13% |
1,772,434
-97,372
| -5% | -$7.18M |
|
107
SBA Communications
SBAC
$20.3B
| $136M | 0.12% |
843,945
-451,147
| -35% | -$71.9M |
|
108
Howard Hughes
HHH
$3.87B
| $134M | 0.12% |
1,130,348
+26,553
| +2% | +$3.34M |
|
109
Chevron
CVX
$396B
| $132M | 0.12% |
1,082,236
+29,899
| +3% | +$3.63M |
|
110
Vail Resorts
MTN
$5.06B
| $129M | 0.12% |
468,374
-63,200
| -12% | -$18.2M |
|
|
MINI
111
DELISTED
Mobile Mini Inc
MINI
| $124M | 0.11% |
2,824,310
-86,485
| -3% | -$3.84M |
|
|
FTCH
112
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $124M | 0.11% |
+4,547,419
| New | +$129M |
|
113
ServiceNow
NOW
$150B
| $123M | 0.11% |
3,148,485
-638,735
| -17% | -$24.2M |
|
|
FOLD
114
DELISTED
Amicus Therapeutics
FOLD
| $122M | 0.11% |
10,071,964
-22,803
| -0.2% | -$319K |
|
115
Bankunited
BKU
$3.3B
| $120M | 0.11% |
3,382,328
-33,498
| -1% | -$1.32M |
|
116
CMS Energy
CMS
$21.4B
| $119M | 0.11% |
2,431,947
-328,420
| -12% | -$16M |
|
117
Oneok
OKE
$59.7B
| $119M | 0.11% |
1,752,413
-12,030
| -0.7% | -$824K |
|
118
Chubb
CB
$131B
| $118M | 0.11% |
885,764
-17,847
| -2% | -$2.41M |
|
|
WP
119
DELISTED
Worldpay, Inc.
WP
| $117M | 0.11% |
1,154,386
-195,437
| -14% | -$17.8M |
|
120
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.3B
| $115M | 0.11% |
1,200,000
+500,000
| +71% | +$48.5M |
|
|
XIFR
121
XPLR Infrastructure LP
XIFR
$1.11B
| $115M | 0.11% |
2,363,632
-743
| -0% | -$35.3K |
|
|
SAGE
122
DELISTED
Sage Therapeutics
SAGE
| $114M | 0.11% |
810,224
+4,863
| +0.6% | +$751K |
|
123
Roper Technologies
ROP
$42.2B
| $114M | 0.1% |
383,272
-65,076
| -15% | -$19.2M |
|
|
TFCFA
124
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $113M | 0.1% |
2,435,884
-959,874
| -28% | -$44M |
|
|
UNVR
125
DELISTED
Univar Solutions Inc.
UNVR
| $113M | 0.1% |
3,677,603
-1,410,012
| -28% | -$39.2M |
|
Similar funds
Jennison Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Jennison Associates held 739 positions worth $109B, up 5.9% from $103B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q3 2018 filing shows 86 new, 214 increased, 352 reduced and 81 closed positions. Its largest new stake was Tiffany & Co.: 1,169,094 shares worth $151M. The largest sale was FedEx, an estimated $591M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2018 buy was Tiffany & Co.: 1,169,094 shares worth $151M.
- Jennison Associates added most to AstraZeneca in Q3 2018, an estimated $774M increase.
- Jennison Associates's biggest Q3 2018 reduction was FedEx, cutting an estimated $591M.
- Jennison Associates fully exited Cheniere Energy Partners LP Holdings LLC in Q3 2018, selling an estimated $134M.
- Jennison Associates's ten largest holdings make up 30% of its $109B portfolio in Q3 2018.
- Jennison Associates opened 86 new positions and closed 81 in Q3 2018.
- Jennison Associates's portfolio value rose 5.9% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q3 2018, filed 8 Nov 2018.