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 | 21.29% |
| 2 | Consumer Discretionary | 17.84% |
| 3 | Financials | 13.34% |
| 4 | Healthcare | 12.27% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Humana
HUM
$46.3B
| $96.6M | 0.09% |
324,707
-135,809
| -29% | -$39.8M |
|
152
Hexcel
HXL
$7.17B
| $96.5M | 0.09% |
1,453,512
+47,849
| +3% | +$3.26M |
|
153
Advance Auto Parts
AAP
$2.59B
| $96.2M | 0.09% |
708,896
+38,447
| +6% | +$4.67M |
|
154
Public Service Enterprise Group
PEG
$36.5B
| $96M | 0.09% |
1,773,765
+379,262
| +27% | +$19.5M |
|
155
Carnival Corporation Ltd
CCL
$33.9B
| $95.2M | 0.09% |
1,660,989
-428,496
| -21% | -$27.2M |
|
|
BECN
156
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $95.2M | 0.09% |
2,232,522
+104,281
| +5% | +$4.8M |
|
157
PTC
PTC
$17.1B
| $94.2M | 0.09% |
1,004,533
-472,663
| -32% | -$40.9M |
|
|
EE
158
DELISTED
El Paso Electric Company
EE
| $93.6M | 0.09% |
1,583,905
-242,953
| -13% | -$13.2M |
|
|
LJPC
159
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $93M | 0.09% |
3,188,533
+51,471
| +2% | +$1.59M |
|
160
Performance Food Group
PFGC
$15.8B
| $92.8M | 0.09% |
2,529,294
+20,739
| +0.8% | +$702K |
|
161
Sempra
SRE
$55.1B
| $92.1M | 0.09% |
1,586,400
-839,862
| -35% | -$45.9M |
|
162
Aptiv
APTV
$9.5B
| $91.4M | 0.09% |
997,384
+23,278
| +2% | +$2.17M |
|
163
Suncor Energy
SU
$76.5B
| $91.1M | 0.09% |
2,239,081
-1,091,477
| -33% | -$42.5M |
|
|
INFO
164
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $91M | 0.09% |
1,764,611
-210,165
| -11% | -$10.5M |
|
|
KLXI
165
DELISTED
KLX Inc.
KLXI
| $90.4M | 0.09% |
1,491,286
+202,938
| +16% | +$12.4M |
|
166
Capital One
COF
$132B
| $90.3M | 0.09% |
982,086
-106,826
| -10% | -$10.1M |
|
167
Cheniere Energy
LNG
$58.3B
| $89M | 0.09% |
1,364,575
-19,260
| -1% | -$1.19M |
|
168
TechnipFMC
FTI
$29.7B
| $88.9M | 0.09% |
3,763,415
+2,663,292
| +242% | +$63.5M |
|
|
AERI
169
DELISTED
Aerie Pharmaceuticals
AERI
| $88.5M | 0.09% |
1,309,821
-191,774
| -13% | -$10.7M |
|
170
Saia
SAIA
$9.37B
| $87.9M | 0.09% |
1,087,522
+427,842
| +65% | +$33M |
|
171
Burlington
BURL
$17.1B
| $86.9M | 0.08% |
577,498
-20,678
| -3% | -$2.94M |
|
|
PPL
172
PPL Corp
PPL
$25.7B
| $86.7M | 0.08% |
3,037,527
+2,009,332
| +195% | +$55.6M |
|
173
Amphenol
APH
$194B
| $86.3M | 0.08% |
3,961,868
-665,688
| -14% | -$14.5M |
|
174
DXC Technology
DXC
$1.79B
| $86.2M | 0.08% |
1,068,969
-1,019,379
| -49% | -$87.6M |
|
175
NiSource
NI
$19.5B
| $85.4M | 0.08% |
3,248,775
-2,791
| -0.1% | -$68.4K |
|
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 $3.91B 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.