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 | |
|---|---|---|---|---|---|---|
126
Conagra Brands
CAG
$7.72B
| $112M | 0.1% |
3,299,332
-159,912
| -5% | -$5.85M |
|
127
Humana
HUM
$46.3B
| $110M | 0.1% |
325,273
+566
| +0.2% | +$184K |
|
128
Comcast
CMCSA
$96B
| $108M | 0.1% |
3,046,151
-64,046
| -2% | -$2.27M |
|
|
SUM
129
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $106M | 0.1% |
5,956,782
-42,855
| -0.7% | -$932K |
|
130
Liberty Global Class C
LBTYK
$3.56B
| $106M | 0.1% |
3,776,842
+78,345
| +2% | +$2.11M |
|
131
Planet Fitness
PLNT
$4.03B
| $105M | 0.1% |
1,948,062
-593,019
| -23% | -$29.5M |
|
132
Zurn Elkay Water Solutions
ZWS
$7.97B
| $105M | 0.1% |
7,070,787
-191,904
| -3% | -$2.73M |
|
133
Ametek
AME
$54.2B
| $104M | 0.1% |
1,314,072
-106,585
| -8% | -$8.16M |
|
|
BECN
134
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $104M | 0.1% |
2,862,115
+629,593
| +28% | +$25M |
|
135
Burlington
BURL
$17.1B
| $102M | 0.09% |
626,073
+48,575
| +8% | +$7.75M |
|
136
Varonis Systems
VRNS
$5.04B
| $102M | 0.09% |
4,174,830
-294,306
| -7% | -$7.14M |
|
137
Teladoc Health
TDOC
$1.18B
| $101M | 0.09% |
1,174,291
-2,900
| -0.2% | -$207K |
|
138
Sempra
SRE
$55.1B
| $101M | 0.09% |
1,780,578
+194,178
| +12% | +$11.2M |
|
139
Equinix
EQIX
$103B
| $101M | 0.09% |
232,298
-21,203
| -8% | -$9.28M |
|
140
Qualcomm
QCOM
$175B
| $100M | 0.09% |
1,388,752
+794,075
| +134% | +$52.3M |
|
|
MFA
141
MFA Financial
MFA
$893M
| $97.9M | 0.09% |
3,330,122
+989,949
| +42% | +$30.5M |
|
142
Mercado Libre
MELI
$99.7B
| $97.5M | 0.09% |
286,333
-112,847
| -28% | -$38.2M |
|
143
Carnival Corporation Ltd
CCL
$33.9B
| $97M | 0.09% |
1,520,983
-140,006
| -8% | -$8.49M |
|
144
Lowe's Companies
LOW
$117B
| $96.9M | 0.09% |
843,562
+745,096
| +757% | +$77.6M |
|
145
Constellation Brands
STZ
$22.3B
| $96.7M | 0.09% |
448,392
-1,653,454
| -79% | -$352M |
|
|
CYBR
146
DELISTED
CyberArk
CYBR
| $94.8M | 0.09% |
1,186,893
-2,350
| -0.2% | -$165K |
|
147
Wintrust Financial
WTFC
$10.3B
| $94.7M | 0.09% |
1,114,829
-9,720
| -0.9% | -$865K |
|
148
PTC
PTC
$17.1B
| $94.3M | 0.09% |
887,747
-116,786
| -12% | -$11.4M |
|
|
149
FedEx
FDX
$78.3B
| $93.8M | 0.09% |
389,474
-2,439,452
| -86% | -$591M |
|
150
Advance Auto Parts
AAP
$2.59B
| $93.8M | 0.09% |
557,073
-151,823
| -21% | -$23.3M |
|
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.