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 | |
|---|---|---|---|---|---|---|
151
Advance Auto Parts
AAP
$2.59B
| $71.5M | 0.08% |
454,400
-102,673
| -18% | -$17.2M |
|
|
PINC
152
DELISTED
Premier
PINC
| $71.3M | 0.08% |
1,909,885
+473,990
| +33% | +$19.6M |
|
153
Ametek
AME
$54.2B
| $70.7M | 0.08% |
1,044,942
-269,130
| -20% | -$19.3M |
|
154
Boston Scientific
BSX
$67.9B
| $70.7M | 0.08% |
2,001,438
+1,934
| +0.1% | +$70.1K |
|
155
Edison International
EIX
$27B
| $70.5M | 0.08% |
+1,242,428
| New | +$77.2M |
|
156
Constellation Brands
STZ
$22.3B
| $69.6M | 0.08% |
432,667
-15,725
| -4% | -$3.12M |
|
157
PTC
PTC
$17.1B
| $69.4M | 0.08% |
837,379
-50,368
| -6% | -$4.42M |
|
158
Varonis Systems
VRNS
$5.04B
| $68.4M | 0.08% |
3,879,126
-295,704
| -7% | -$5.84M |
|
159
Moelis & Co
MC
$5.07B
| $68.4M | 0.08% |
1,989,556
+650,085
| +49% | +$27.6M |
|
160
Five Below
FIVE
$13.4B
| $68M | 0.08% |
664,497
-11,543
| -2% | -$1.28M |
|
161
Palo Alto Networks
PANW
$303B
| $67.8M | 0.08% |
2,159,310
-316,206
| -13% | -$9.86M |
|
162
Analog Devices
ADI
$175B
| $67.1M | 0.08% |
782,270
-174,468
| -18% | -$15.1M |
|
163
BP
BP
$109B
| $66.5M | 0.07% |
1,808,563
+91,273
| +5% | +$3.64M |
|
164
Starwood Property Trust
STWD
$5.85B
| $66.4M | 0.07% |
3,367,399
-865,414
| -20% | -$18.7M |
|
|
EXAS
165
DELISTED
Exact Sciences
EXAS
| $65.9M | 0.07% |
1,044,650
-108,336
| -9% | -$7.44M |
|
166
Hilton Worldwide
HLT
$72.4B
| $65M | 0.07% |
905,302
-132,766
| -13% | -$9.59M |
|
167
Gaming and Leisure Properties
GLPI
$12.4B
| $64.3M | 0.07% |
1,990,182
+6,889
| +0.3% | +$233K |
|
168
CBRE Group
CBRE
$43.7B
| $64.3M | 0.07% |
1,605,580
-420,050
| -21% | -$17.4M |
|
169
Dollar General
DG
$27.1B
| $63.8M | 0.07% |
590,406
+82,799
| +16% | +$8.96M |
|
|
INFO
170
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $63.1M | 0.07% |
1,315,556
-192,650
| -13% | -$9.85M |
|
|
AMTD
171
DELISTED
TD Ameritrade Holding Corp
AMTD
| $62.4M | 0.07% |
1,273,880
-181,242
| -12% | -$9.23M |
|
172
Entergy
ETR
$49.3B
| $62.1M | 0.07% |
1,443,906
| – | – |
|
173
Pembina Pipeline
PBA
$27.9B
| $61.9M | 0.07% |
2,085,080
-269,110
| -11% | -$8.92M |
|
174
Quanta Services
PWR
$90.6B
| $61.5M | 0.07% |
2,043,219
-119,730
| -6% | -$3.87M |
|
175
Vistra
VST
$46B
| $60.9M | 0.07% |
2,661,685
-455,556
| -15% | -$10.7M |
|
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.