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 |
McDonald's
MCD
|
+$770M |
| 2 |
Crown Castle
CCI
|
+$678M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$557M |
| 4 |
Vertex Pharmaceuticals
VRTX
|
+$437M |
| 5 |
BioMarin Pharmaceuticals
BMRN
|
+$305M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$1.22B |
| 2 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$1.04B |
| 3 |
Amazon
AMZN
|
+$661M |
| 4 |
SHPG
Shire pic
SHPG
|
+$478M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$457M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.25% |
| 2 | Consumer Discretionary | 17.77% |
| 3 | Healthcare | 14.23% |
| 4 | Communication Services | 13.04% |
| 5 | Financials | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Ryder
R
$9.43B
| $86.7M | 0.09% |
1,204,165
-101,946
| -8% | -$7.06M |
|
177
Align Technology
ALGN
$11.2B
| $86.2M | 0.09% |
573,947
+18,492
| +3% | +$2.51M |
|
178
Atmos Energy
ATO
$28.2B
| $86.1M | 0.09% |
1,037,449
+4,628
| +0.4% | +$380K |
|
|
AET
179
DELISTED
Aetna Inc
AET
| $85.8M | 0.09% |
565,426
+196,897
| +53% | +$27.8M |
|
180
Capital One
COF
$132B
| $85.7M | 0.09% |
1,037,241
-4,193
| -0.4% | -$341K |
|
181
HDFC Bank
HDB
$119B
| $85.6M | 0.09% |
3,938,708
+515,708
| +15% | +$10.8M |
|
182
Norwegian Cruise Line
NCLH
$7.65B
| $85.5M | 0.09% |
1,574,389
-313,619
| -17% | -$16.2M |
|
|
APC
183
DELISTED
Anadarko Petroleum
APC
| $85.4M | 0.09% |
1,882,599
-894,872
| -32% | -$47.5M |
|
184
AMC Global Media
AMCX
$522M
| $85M | 0.09% |
1,590,605
-31,070
| -2% | -$1.74M |
|
|
NVRO
185
DELISTED
NEVRO CORP.
NVRO
| $84.8M | 0.09% |
1,139,119
+458,925
| +67% | +$36.8M |
|
186
Five Below
FIVE
$13.4B
| $84.5M | 0.09% |
1,711,414
+367,235
| +27% | +$18.1M |
|
187
Axalta
AXTA
$7.92B
| $84.3M | 0.09% |
2,632,403
-463,615
| -15% | -$14.8M |
|
|
BLUE
188
DELISTED
bluebird bio
BLUE
| $83.9M | 0.09% |
61,678
-5,135
| -8% | -$6.2M |
|
189
Ross Stores
ROST
$73.3B
| $83.8M | 0.09% |
1,452,402
-101,310
| -7% | -$6.32M |
|
190
Intercontinental Exchange
ICE
$91.1B
| $83.1M | 0.09% |
1,260,278
-69,044
| -5% | -$4.23M |
|
191
Oracle
ORCL
$435B
| $82.1M | 0.09% |
1,637,066
+932,253
| +132% | +$42.5M |
|
192
Zurn Elkay Water Solutions
ZWS
$7.97B
| $81.6M | 0.09% |
7,290,403
-839,201
| -10% | -$9.41M |
|
193
Performance Food Group
PFGC
$15.8B
| $81.1M | 0.09% |
2,959,992
-54,591
| -2% | -$1.44M |
|
|
SBNY
194
DELISTED
Signature Bank
SBNY
| $80.2M | 0.09% |
558,832
-10,908
| -2% | -$1.55M |
|
|
CAVM
195
DELISTED
Cavium, Inc.
CAVM
| $80M | 0.08% |
1,287,781
-30,479
| -2% | -$2.13M |
|
196
DigitalBridge
DBRG
$2.99B
| $80M | 0.08% |
1,419,052
-27,570
| -2% | -$1.5M |
|
|
THS
197
DELISTED
Treehouse Foods
THS
| $79.7M | 0.08% |
975,817
+436,163
| +81% | +$35.7M |
|
|
ALXN
198
DELISTED
Alexion Pharmaceuticals
ALXN
| $79.1M | 0.08% |
650,300
-8,976,179
| -93% | -$1.04B |
|
|
MINI
199
DELISTED
Mobile Mini Inc
MINI
| $78.5M | 0.08% |
2,629,048
-58,093
| -2% | -$1.67M |
|
|
EE
200
DELISTED
El Paso Electric Company
EE
| $78.4M | 0.08% |
1,516,658
-18,287
| -1% | -$956K |
|
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Jennison Associates's Q2 2017 Portfolio in Review
As of Q2 2017, Jennison Associates held 698 positions worth $94.3B, up 1.1% from $93.2B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates withdrew a net $3.11B in Q2 2017, closing 61 positions and reducing 332 holdings. Its most notable exit was NXP Semiconductors, an estimated $452M 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 Healthcare.
Against the trend, Jennison Associates opened a new position in Newell Brands worth $125M.
- Jennison Associates's largest Q2 2017 buy was Newell Brands: 2,328,211 shares worth $125M.
- Jennison Associates added most to McDonald's in Q2 2017, an estimated $770M increase.
- Jennison Associates's biggest Q2 2017 reduction was Nike, cutting an estimated $1.22B.
- Jennison Associates fully exited NXP Semiconductors in Q2 2017, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 27% of its $94.3B portfolio in Q2 2017.
- Jennison Associates opened 62 new positions and closed 61 in Q2 2017.
- Jennison Associates's portfolio value rose 1.1% quarter-over-quarter to $94.3B.
Based on Jennison Associates's 13F filing for Q2 2017, filed 4 Aug 2017.