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 | |
|---|---|---|---|---|---|---|
151
Howard Hughes
HHH
$3.87B
| $99.7M | 0.1% |
751,761
-28,277
| -4% | -$3.47M |
|
152
Amphenol
APH
$194B
| $99.6M | 0.1% |
4,627,556
-598,940
| -11% | -$13.5M |
|
153
Paycom
PAYC
$10.8B
| $98.7M | 0.1% |
919,343
-487,903
| -35% | -$46.8M |
|
154
Sarepta Therapeutics
SRPT
$2.2B
| $98.3M | 0.1% |
1,327,003
+176,793
| +15% | +$11.8M |
|
155
American Water Works
AWK
$27.5B
| $98M | 0.1% |
1,193,099
-29,676
| -2% | -$2.42M |
|
156
Lazard
LAZ
$4.25B
| $95.8M | 0.1% |
+1,822,472
| New | +$101M |
|
|
INFO
157
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $95.3M | 0.09% |
1,974,776
-823,207
| -29% | -$38.9M |
|
158
Planet Fitness
PLNT
$4.03B
| $95.3M | 0.09% |
2,522,167
-201,259
| -7% | -$7.05M |
|
159
Oneok
OKE
$59.7B
| $94.3M | 0.09% |
1,657,201
+1,230,439
| +288% | +$70.6M |
|
160
Korn Ferry
KFY
$4.43B
| $94.3M | 0.09% |
1,827,811
-132,564
| -7% | -$5.9M |
|
|
LJPC
161
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $93.4M | 0.09% |
3,137,062
+916,580
| +41% | +$29.6M |
|
|
EE
162
DELISTED
El Paso Electric Company
EE
| $93.2M | 0.09% |
1,826,858
+103,357
| +6% | +$5.23M |
|
163
Allison Transmission
ALSN
$10.4B
| $92.9M | 0.09% |
2,378,807
-205,820
| -8% | -$8.54M |
|
|
XIFR
164
XPLR Infrastructure LP
XIFR
$1.11B
| $92.8M | 0.09% |
2,321,097
-182,250
| -7% | -$7.38M |
|
165
Hexcel
HXL
$7.17B
| $90.8M | 0.09% |
1,405,663
+523,834
| +59% | +$34.5M |
|
166
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.3B
| $87.7M | 0.09% |
+1,000,000
| New | +$91.3M |
|
|
FOE
167
DELISTED
Ferro Corporation
FOE
| $87.7M | 0.09% |
3,774,786
-42,445
| -1% | -$984K |
|
168
Qualcomm
QCOM
$175B
| $86.8M | 0.09% |
1,565,945
+44,199
| +3% | +$2.82M |
|
169
Liberty Global Class C
LBTYK
$3.56B
| $86.3M | 0.09% |
2,837,050
+215,708
| +8% | +$7.16M |
|
|
BLUE
170
DELISTED
bluebird bio
BLUE
| $85.9M | 0.09% |
38,836
-2,906
| -7% | -$7.39M |
|
171
Fidelity National Information Services
FIS
$21.4B
| $84.7M | 0.08% |
879,749
-113,173
| -11% | -$11.1M |
|
172
Rio Tinto
RIO
$168B
| $84.7M | 0.08% |
1,643,246
-197,161
| -11% | -$10.7M |
|
173
Microchip Technology
MCHP
$39.6B
| $84.5M | 0.08% |
1,850,922
+61,882
| +3% | +$2.85M |
|
174
Hyatt Hotels
H
$16.2B
| $84M | 0.08% |
1,100,956
-225,021
| -17% | -$17.7M |
|
175
Cogent Communications
CCOI
$486M
| $83.7M | 0.08% |
1,927,776
-281,495
| -13% | -$12.4M |
|
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.