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
|
+$693M |
| 2 |
Constellation Brands
STZ
|
+$368M |
| 3 |
Tesla
TSLA
|
+$332M |
| 4 |
NVIDIA
NVDA
|
+$300M |
| 5 |
Booking.com
BKNG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$821M |
| 2 |
Netflix
NFLX
|
+$777M |
| 3 |
AbbVie
ABBV
|
+$583M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$477M |
| 5 |
FedEx
FDX
|
+$456M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.07% |
| 2 | Consumer Discretionary | 17.72% |
| 3 | Financials | 13.25% |
| 4 | Healthcare | 11.94% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CBRE Group
CBRE
$42.1B
| $119M | 0.12% |
2,483,433
-213,822
| -8% | -$10.1M |
|
127
Flex
FLEX
$42.5B
| $117M | 0.11% |
10,963,578
-62,924
| -0.6% | -$706K |
|
128
Chubb
CB
$139B
| $115M | 0.11% |
903,611
-89,051
| -9% | -$11.8M |
|
129
Planet Fitness
PLNT
$4.29B
| $112M | 0.11% |
2,541,081
+18,914
| +0.7% | +$776K |
|
130
Varonis Systems
VRNS
$5.36B
| $111M | 0.11% |
4,469,136
-880,212
| -16% | -$21.1M |
|
131
Marvell Technology
MRVL
$170B
| $111M | 0.11% |
5,162,329
+278,777
| +6% | +$5.95M |
|
|
WP
132
DELISTED
Worldpay, Inc.
WP
| $110M | 0.11% |
1,349,823
-234,803
| -15% | -$19.2M |
|
|
XIFR
133
XPLR Infrastructure LP
XIFR
$1.19B
| $110M | 0.11% |
2,364,375
+43,278
| +2% | +$1.85M |
|
134
Affiliated Managers Group
AMG
$9.61B
| $110M | 0.11% |
739,864
-125,237
| -14% | -$20.6M |
|
135
HubSpot
HUBS
$11.4B
| $109M | 0.11% |
872,992
-202,172
| -19% | -$23.9M |
|
136
Equinix
EQIX
$103B
| $109M | 0.11% |
253,501
-46,934
| -16% | -$19M |
|
137
Analog Devices
ADI
$181B
| $107M | 0.1% |
1,119,444
-455,854
| -29% | -$43M |
|
138
TC Energy
TRP
$71.2B
| $105M | 0.1% |
2,431,185
+1,830
| +0.1% | +$77.7K |
|
|
AMTD
139
DELISTED
TD Ameritrade Holding Corp
AMTD
| $105M | 0.1% |
1,920,466
-103,015
| -5% | -$6.14M |
|
140
Ametek
AME
$55.7B
| $103M | 0.1% |
1,420,657
-503,002
| -26% | -$37.3M |
|
141
Quanta Services
PWR
$93.1B
| $102M | 0.1% |
3,064,862
-136,787
| -4% | -$4.79M |
|
142
Comcast
CMCSA
$80.9B
| $102M | 0.1% |
3,110,197
-385,397
| -11% | -$12.6M |
|
|
SEE
143
DELISTED
Sealed Air
SEE
| $102M | 0.1% |
2,401,902
-392,926
| -14% | -$17.3M |
|
144
Zurn Elkay Water Solutions
ZWS
$8.14B
| $102M | 0.1% |
7,262,691
+64,688
| +0.9% | +$914K |
|
145
Korn Ferry
KFY
$4.13B
| $99.6M | 0.1% |
1,608,751
-219,060
| -12% | -$12.3M |
|
146
Palo Alto Networks
PANW
$259B
| $99.2M | 0.1% |
2,895,930
-532,182
| -16% | -$17.7M |
|
147
Lazard
LAZ
$4.23B
| $99.2M | 0.1% |
2,027,504
+205,032
| +11% | +$10.9M |
|
148
Liberty Global Class C
LBTYK
$3.27B
| $98.4M | 0.1% |
3,698,497
+861,447
| +30% | +$25.2M |
|
149
Wintrust Financial
WTFC
$10.7B
| $97.9M | 0.1% |
1,124,549
-42,632
| -4% | -$3.91M |
|
150
Assembly Biosciences
ASMB
$513M
| $96.9M | 0.09% |
205,968
+3,031
| +1% | +$1.6M |
|
Similar funds
Jennison Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Jennison Associates held 740 positions worth $103B, up 2% from $101B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q2 2018, closing 87 positions and reducing 296 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jennison Associates opened a new position in AstraZeneca worth $677M.
- Jennison Associates's largest Q2 2018 buy was AstraZeneca: 9,637,084 shares worth $677M.
- Jennison Associates added most to Constellation Brands in Q2 2018, an estimated $368M increase.
- Jennison Associates's biggest Q2 2018 reduction was Charter Communications, cutting an estimated $821M.
- Jennison Associates fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $152M.
- Jennison Associates's ten largest holdings make up 29% of its $103B portfolio in Q2 2018.
- Jennison Associates opened 89 new positions and closed 87 in Q2 2018.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $103B.
Based on Jennison Associates's 13F filing for Q2 2018, filed 2 Aug 2018.