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 | |
|---|---|---|---|---|---|---|
126
Edison International
EIX
$27B
| $93.3M | 0.09% |
1,383,724
-73,258
| -5% | -$4.55M |
|
127
Zurn Elkay Water Solutions
ZWS
$7.97B
| $92M | 0.09% |
6,321,536
-664,850
| -10% | -$8.95M |
|
128
Planet Fitness
PLNT
$4.03B
| $92M | 0.09% |
1,269,464
-313,604
| -20% | -$23.6M |
|
129
Lowe's Companies
LOW
$117B
| $90.8M | 0.09% |
899,708
-3,488,086
| -79% | -$368M |
|
130
Howard Hughes
HHH
$3.87B
| $90.1M | 0.09% |
763,143
-281,961
| -27% | -$28.9M |
|
131
Five Below
FIVE
$13.4B
| $89.9M | 0.09% |
748,675
+238,106
| +47% | +$31.3M |
|
132
Texas Instruments
TXN
$236B
| $89.7M | 0.09% |
781,491
-27,062
| -3% | -$3.03M |
|
133
Capital One
COF
$132B
| $86.9M | 0.09% |
957,491
-17,481
| -2% | -$1.56M |
|
134
Boston Scientific
BSX
$67.9B
| $85.6M | 0.08% |
1,990,610
-11,204
| -0.6% | -$431K |
|
135
Vistra
VST
$46B
| $85.4M | 0.08% |
3,773,621
-83,426
| -2% | -$2.09M |
|
|
HRC
136
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $84.3M | 0.08% |
806,213
-64,639
| -7% | -$6.54M |
|
|
RHT
137
DELISTED
Red Hat Inc
RHT
| $83.9M | 0.08% |
446,753
-3,555,349
| -89% | -$656M |
|
138
Liberty Global Class C
LBTYK
$3.56B
| $83.3M | 0.08% |
3,141,712
-415,442
| -12% | -$10.7M |
|
139
Johnson Controls International
JCI
$84.6B
| $82M | 0.08% |
1,986,114
+243,811
| +14% | +$9.38M |
|
140
Centene
CNC
$32B
| $80.9M | 0.08% |
1,542,804
+402,695
| +35% | +$21.7M |
|
141
Ametek
AME
$54.2B
| $80.8M | 0.08% |
889,491
-76,960
| -8% | -$6.59M |
|
142
Targa Resources
TRGP
$61.7B
| $80.1M | 0.08% |
2,040,974
-158,050
| -7% | -$6.28M |
|
|
INXN
143
DELISTED
Interxion Holding N.V.
INXN
| $79.3M | 0.08% |
1,041,926
-318,619
| -23% | -$22.7M |
|
144
Pembina Pipeline
PBA
$27.9B
| $78.5M | 0.08% |
2,109,408
+11,662
| +0.6% | +$425K |
|
145
Quanta Services
PWR
$90.6B
| $78.1M | 0.08% |
2,043,798
-165,987
| -8% | -$6.3M |
|
146
Teladoc Health
TDOC
$1.18B
| $77.8M | 0.08% |
1,172,135
+442,140
| +61% | +$25.8M |
|
147
Emerson Electric
EMR
$86.6B
| $77M | 0.08% |
1,153,785
-427,099
| -27% | -$28.6M |
|
148
Labcorp
LH
$27.2B
| $76.6M | 0.08% |
515,445
-7,414
| -1% | -$1.03M |
|
149
Gaming and Leisure Properties
GLPI
$12.4B
| $75.7M | 0.08% |
1,943,145
-50,812
| -3% | -$2.01M |
|
|
GWPH
150
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $75.7M | 0.08% |
438,955
+57,210
| +15% | +$9.9M |
|
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.