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 |
Merck
MRK
|
+$891M |
| 2 |
Union Pacific
UNP
|
+$622M |
| 3 |
Salesforce
CRM
|
+$418M |
| 4 |
Edwards Lifesciences
EW
|
+$405M |
| 5 |
lululemon athletica
LULU
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$680M |
| 2 |
Texas Instruments
TXN
|
+$585M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$571M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$558M |
| 5 |
Parker-Hannifin
PH
|
+$556M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.29% |
| 2 | Healthcare | 17.78% |
| 3 | Consumer Discretionary | 17.1% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Emerson Electric
EMR
$86.6B
| $83.3M | 0.09% |
1,393,326
-379,108
| -21% | -$25.6M |
|
|
APC
127
DELISTED
Anadarko Petroleum
APC
| $83.1M | 0.09% |
1,895,251
-408,864
| -18% | -$23.1M |
|
128
NiSource
NI
$19.5B
| $82.4M | 0.09% |
3,251,309
+1,453,010
| +81% | +$37.5M |
|
129
Targa Resources
TRGP
$61.7B
| $81.6M | 0.09% |
2,264,085
-1,326,950
| -37% | -$64.2M |
|
|
SAGE
130
DELISTED
Sage Therapeutics
SAGE
| $81M | 0.09% |
845,664
+35,440
| +4% | +$4.06M |
|
|
HRC
131
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $80.9M | 0.09% |
914,105
-64,230
| -7% | -$5.83M |
|
|
PRAH
132
DELISTED
PRA Health Sciences, Inc.
PRAH
| $79.7M | 0.09% |
866,731
+32,581
| +4% | +$3.3M |
|
133
Atmos Energy
ATO
$28.2B
| $78.9M | 0.09% |
851,194
| – | – |
|
134
Teleflex
TFX
$5.92B
| $78.4M | 0.09% |
303,166
-40,450
| -12% | -$10.2M |
|
135
Zurn Elkay Water Solutions
ZWS
$7.97B
| $78.2M | 0.09% |
7,072,394
+1,607
| +0% | +$20.8K |
|
136
DuPont de Nemours
DD
$18.5B
| $77.9M | 0.09% |
575,044
-351,477
| -38% | -$50.5M |
|
137
Qualcomm
QCOM
$175B
| $77.5M | 0.09% |
1,361,644
-27,108
| -2% | -$1.65M |
|
138
Paycom
PAYC
$10.8B
| $76.6M | 0.09% |
625,198
+201,115
| +47% | +$25.7M |
|
139
Liberty Global Class C
LBTYK
$3.56B
| $76.4M | 0.09% |
3,702,127
-74,715
| -2% | -$1.79M |
|
|
WP
140
DELISTED
Worldpay, Inc.
WP
| $75.7M | 0.08% |
991,032
-163,354
| -14% | -$14.2M |
|
|
141
Texas Instruments
TXN
$236B
| $75.4M | 0.08% |
798,376
-6,041,508
| -88% | -$585M |
|
142
Equinix
EQIX
$103B
| $75M | 0.08% |
212,788
-19,510
| -8% | -$7.6M |
|
143
Performance Food Group
PFGC
$15.8B
| $74.6M | 0.08% |
2,311,741
-193,333
| -8% | -$6.14M |
|
144
Capital One
COF
$132B
| $74.2M | 0.08% |
982,147
+4,932
| +0.5% | +$427K |
|
145
Wintrust Financial
WTFC
$10.3B
| $74.1M | 0.08% |
1,114,921
+92
| +0% | +$6.99K |
|
|
SCG
146
DELISTED
Scana
SCG
| $73.6M | 0.08% |
+1,540,198
| New | +$66.2M |
|
147
Hexcel
HXL
$7.17B
| $73M | 0.08% |
1,272,699
-110,037
| -8% | -$6.64M |
|
|
EE
148
DELISTED
El Paso Electric Company
EE
| $72.9M | 0.08% |
1,455,064
-30,365
| -2% | -$1.71M |
|
149
Idexx Laboratories
IDXX
$43.7B
| $72.2M | 0.08% |
387,925
+49,055
| +14% | +$10.1M |
|
150
Global Payments
GPN
$24.3B
| $72.1M | 0.08% |
699,009
-441,477
| -39% | -$48.6M |
|
Similar funds
Jennison Associates's Q4 2018 Portfolio in Review
As of Q4 2018, Jennison Associates held 753 positions worth $89.4B, down 18% from $109B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q4 2018 filing shows 95 new, 255 increased, 283 reduced and 113 closed positions. Its largest new stake was lululemon athletica: 2,588,881 shares worth $315M. The largest sale was Caterpillar, an estimated $680M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Jennison Associates's largest Q4 2018 buy was lululemon athletica: 2,588,881 shares worth $315M.
- Jennison Associates added most to Merck in Q4 2018, an estimated $891M increase.
- Jennison Associates's biggest Q4 2018 reduction was Caterpillar, cutting an estimated $680M.
- Jennison Associates fully exited Tiffany & Co. in Q4 2018, selling an estimated $151M.
- Jennison Associates's ten largest holdings make up 30% of its $89.4B portfolio in Q4 2018.
- Jennison Associates opened 95 new positions and closed 113 in Q4 2018.
- Jennison Associates's portfolio value fell 18% quarter-over-quarter to $89.4B.
Based on Jennison Associates's 13F filing for Q4 2018, filed 6 Feb 2019.