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 | |
|---|---|---|---|---|---|---|
151
Avantor
AVTR
$9.86B
| $75.2M | 0.07% |
+3,940,622
| New | +$70.1M |
|
152
Burlington
BURL
$17.1B
| $73.9M | 0.07% |
434,318
-133,587
| -24% | -$21.8M |
|
153
Global Payments
GPN
$24.3B
| $73M | 0.07% |
456,045
-190,804
| -29% | -$28.4M |
|
154
Roper Technologies
ROP
$42.2B
| $72.9M | 0.07% |
199,092
-25,164
| -11% | -$8.93M |
|
155
Teleflex
TFX
$5.92B
| $72.8M | 0.07% |
219,912
-91,471
| -29% | -$27.6M |
|
|
INFO
156
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $72.3M | 0.07% |
1,133,926
-230,252
| -17% | -$13.2M |
|
|
PFPT
157
DELISTED
Proofpoint, Inc.
PFPT
| $71.9M | 0.07% |
598,205
-42,021
| -7% | -$4.95M |
|
158
Evergy
EVRG
$18.6B
| $71.8M | 0.07% |
1,194,360
-1,304,599
| -52% | -$76.3M |
|
159
Wintrust Financial
WTFC
$10.3B
| $71.5M | 0.07% |
976,930
-30,745
| -3% | -$2.25M |
|
160
Enbridge
ENB
$110B
| $70.5M | 0.07% |
1,951,217
+16,413
| +0.8% | +$598K |
|
161
CBRE Group
CBRE
$43.7B
| $70.2M | 0.07% |
1,368,868
-116,215
| -8% | -$5.78M |
|
162
Procter & Gamble
PG
$334B
| $70.2M | 0.07% |
640,363
-18,773
| -3% | -$2M |
|
163
Starwood Property Trust
STWD
$5.85B
| $70.2M | 0.07% |
3,088,169
-211,328
| -6% | -$4.8M |
|
164
Analog Devices
ADI
$175B
| $68.6M | 0.07% |
608,186
-116,264
| -16% | -$12.6M |
|
165
Atmos Energy
ATO
$28.2B
| $67.8M | 0.07% |
641,901
| – | – |
|
|
TGE
166
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $67.5M | 0.07% |
3,197,555
-368,966
| -10% | -$8.73M |
|
|
MINI
167
DELISTED
Mobile Mini Inc
MINI
| $65.7M | 0.07% |
2,157,867
-125,163
| -5% | -$4.15M |
|
168
Saia
SAIA
$9.37B
| $65.4M | 0.06% |
1,011,140
-58,247
| -5% | -$3.73M |
|
169
Public Service Enterprise Group
PEG
$36.5B
| $65.2M | 0.06% |
1,107,621
| – | – |
|
170
Steven Madden
SHOO
$3.24B
| $64.9M | 0.06% |
1,911,682
-52,708
| -3% | -$1.73M |
|
171
BP
BP
$109B
| $64.6M | 0.06% |
1,575,169
-138,439
| -8% | -$5.81M |
|
172
Kinder Morgan
KMI
$70.3B
| $64.6M | 0.06% |
3,091,779
+268,800
| +10% | +$5.42M |
|
|
NVO
173
Novo Nordisk
NVO
$202B
| $62.8M | 0.06% |
2,459,972
+1,161,888
| +90% | +$28.7M |
|
|
NEWR
174
DELISTED
New Relic, Inc.
NEWR
| $62.6M | 0.06% |
723,864
+267,840
| +59% | +$26.5M |
|
175
Dollar General
DG
$27.1B
| $61.9M | 0.06% |
457,848
-87,888
| -16% | -$11.1M |
|
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.