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 | |
|---|---|---|---|---|---|---|
|
NVRO
126
DELISTED
NEVRO CORP.
NVRO
| $120M | 0.12% |
1,382,785
+99,911
| +8% | +$8.07M |
|
127
Intel
INTC
$473B
| $120M | 0.12% |
2,300,249
+620,898
| +37% | +$29.5M |
|
128
Assembly Biosciences
ASMB
$694M
| $120M | 0.12% |
202,937
+26,245
| +15% | +$16.3M |
|
|
SEE
129
DELISTED
Sealed Air
SEE
| $120M | 0.12% |
2,794,828
-703,948
| -20% | -$31.8M |
|
130
Comcast
CMCSA
$96B
| $119M | 0.12% |
3,495,594
-841,641
| -19% | -$32.6M |
|
131
Chevron
CVX
$396B
| $117M | 0.12% |
1,026,828
-5,926
| -0.6% | -$708K |
|
132
HubSpot
HUBS
$13B
| $116M | 0.12% |
1,075,164
-197,920
| -16% | -$20.6M |
|
133
Exelixis
EXEL
$13.5B
| $116M | 0.12% |
5,229,282
+1,000,521
| +24% | +$27.7M |
|
134
PTC
PTC
$17.1B
| $115M | 0.11% |
1,477,196
-337,186
| -19% | -$24.6M |
|
135
HDFC Bank
HDB
$119B
| $115M | 0.11% |
4,658,860
-15,356
| -0.3% | -$387K |
|
136
Suncor Energy
SU
$76.5B
| $115M | 0.11% |
3,330,558
-423,175
| -11% | -$14.7M |
|
137
Five Below
FIVE
$13.4B
| $115M | 0.11% |
1,566,930
-88,749
| -5% | -$5.98M |
|
138
Zimmer Biomet
ZBH
$19.2B
| $114M | 0.11% |
1,076,793
+168,617
| +19% | +$19.6M |
|
139
Emerson Electric
EMR
$86.6B
| $113M | 0.11% |
+1,658,090
| New | +$118M |
|
|
BECN
140
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $113M | 0.11% |
2,128,241
+294,994
| +16% | +$17M |
|
141
Quanta Services
PWR
$90.6B
| $110M | 0.11% |
3,201,649
-187,500
| -6% | -$6.8M |
|
142
Varonis Systems
VRNS
$5.04B
| $108M | 0.11% |
5,349,348
-58,125
| -1% | -$1.08M |
|
143
Constellation Brands
STZ
$22.3B
| $108M | 0.11% |
472,485
+77,688
| +20% | +$17.1M |
|
144
Capital One
COF
$132B
| $104M | 0.1% |
1,088,912
+1,321
| +0.1% | +$131K |
|
145
Palo Alto Networks
PANW
$303B
| $104M | 0.1% |
3,428,112
-914,976
| -21% | -$25.4M |
|
146
Zurn Elkay Water Solutions
ZWS
$7.97B
| $103M | 0.1% |
7,198,003
+74,132
| +1% | +$1.02M |
|
147
Ameren
AEE
$29.4B
| $103M | 0.1% |
1,814,430
| – | – |
|
148
Marvell Technology
MRVL
$195B
| $103M | 0.1% |
4,883,552
+1,286,409
| +36% | +$29.5M |
|
149
TC Energy
TRP
$64.4B
| $100M | 0.1% |
2,429,355
+266,378
| +12% | +$12M |
|
150
Wintrust Financial
WTFC
$10.3B
| $100M | 0.1% |
1,167,181
-34,713
| -3% | -$2.99M |
|
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.