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 | |
|---|---|---|---|---|---|---|
101
Sempra
SRE
$55.1B
| $122M | 0.12% |
1,777,124
-2,032
| -0.1% | -$133K |
|
102
Verizon
VZ
$208B
| $122M | 0.12% |
2,133,168
-29,520
| -1% | -$1.7M |
|
|
SUM
103
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $121M | 0.12% |
6,412,904
-928,679
| -13% | -$14.8M |
|
104
SBA Communications
SBAC
$20.3B
| $121M | 0.12% |
536,779
-51,766
| -9% | -$10.9M |
|
105
Zimmer Biomet
ZBH
$19.2B
| $119M | 0.12% |
1,041,499
-87,440
| -8% | -$10.2M |
|
106
Performance Food Group
PFGC
$15.8B
| $117M | 0.12% |
2,917,045
-67,785
| -2% | -$2.71M |
|
107
Truist Financial
TFC
$61.6B
| $117M | 0.12% |
2,373,683
+397,054
| +20% | +$19.4M |
|
108
McDonald's
MCD
$188B
| $116M | 0.12% |
560,457
-10,508
| -2% | -$2.08M |
|
109
Dominion Energy
D
$57.7B
| $116M | 0.12% |
1,503,060
-354,905
| -19% | -$27M |
|
110
FMC
FMC
$1.42B
| $110M | 0.11% |
1,324,688
+73,611
| +6% | +$5.78M |
|
111
Equinix
EQIX
$103B
| $107M | 0.11% |
211,911
+678
| +0.3% | +$325K |
|
112
East-West Bancorp
EWBC
$17.7B
| $105M | 0.1% |
2,254,237
-460,180
| -17% | -$22M |
|
113
SLM Corp
SLM
$4.97B
| $105M | 0.1% |
10,794,114
-2,545,883
| -19% | -$25.2M |
|
114
EOG Resources
EOG
$75.2B
| $104M | 0.1% |
1,121,284
-102,429
| -8% | -$9.53M |
|
115
Ulta Beauty
ULTA
$22.1B
| $104M | 0.1% |
300,945
-72,415
| -19% | -$25M |
|
|
MFA
116
MFA Financial
MFA
$893M
| $101M | 0.1% |
3,513,402
+15,981
| +0.5% | +$466K |
|
117
Essential Utilities
WTRG
$11.7B
| $99.8M | 0.1% |
+2,412,296
| New | +$93.9M |
|
|
MRTX
118
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $99.6M | 0.1% |
967,331
-225,348
| -19% | -$17.5M |
|
|
CXO
119
DELISTED
CONCHO RESOURCES INC.
CXO
| $99.5M | 0.1% |
964,787
-129,483
| -12% | -$14M |
|
120
Hexcel
HXL
$7.17B
| $99.5M | 0.1% |
1,229,840
-158,307
| -11% | -$11.5M |
|
|
FOLD
121
DELISTED
Amicus Therapeutics
FOLD
| $98.1M | 0.1% |
7,864,010
-760,927
| -9% | -$9.66M |
|
|
CYBR
122
DELISTED
CyberArk
CYBR
| $98.1M | 0.1% |
766,983
-205,295
| -21% | -$26M |
|
123
Bankunited
BKU
$3.3B
| $98M | 0.1% |
2,904,104
-333,955
| -10% | -$11.5M |
|
|
WP
124
DELISTED
Worldpay, Inc.
WP
| $95.3M | 0.09% |
777,638
-139,729
| -15% | -$16.6M |
|
|
BECN
125
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $95.2M | 0.09% |
2,591,588
-307,273
| -11% | -$11.1M |
|
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.