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 | 20.83% |
| 2 | Consumer Discretionary | 16.55% |
| 3 | Financials | 13.82% |
| 4 | Healthcare | 12.55% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PNK
176
DELISTED
Pinnacle Entertainment Inc.
PNK
| $83M | 0.08% |
2,753,951
-543,464
| -16% | -$17M |
|
177
Atmos Energy
ATO
$29.7B
| $82.8M | 0.08% |
982,687
| – | – |
|
178
Aptiv
APTV
$12.3B
| $82.8M | 0.08% |
974,106
-102,134
| -9% | -$9.27M |
|
|
FRC
179
DELISTED
First Republic Bank
FRC
| $82.5M | 0.08% |
891,158
-154,711
| -15% | -$14.3M |
|
180
Eagle Bancorp
EGBN
$850M
| $81.6M | 0.08% |
1,362,939
-13,779
| -1% | -$853K |
|
|
AERI
181
DELISTED
Aerie Pharmaceuticals
AERI
| $81.5M | 0.08% |
1,501,595
+108,222
| +8% | +$6.05M |
|
182
Alliant Energy
LNT
$18.6B
| $80.8M | 0.08% |
1,978,265
-349,898
| -15% | -$13.8M |
|
183
Edwards Lifesciences
EW
$49.4B
| $80.3M | 0.08% |
1,726,803
+273,366
| +19% | +$11.9M |
|
184
Burlington
BURL
$23.4B
| $79.6M | 0.08% |
598,176
-121,260
| -17% | -$15M |
|
185
Advance Auto Parts
AAP
$3.53B
| $79.5M | 0.08% |
670,449
+32,285
| +5% | +$3.69M |
|
186
Xcel Energy
XEL
$49.2B
| $78.8M | 0.08% |
1,732,966
-273,784
| -14% | -$12.2M |
|
187
Bank OZK
OZK
$5.63B
| $78.8M | 0.08% |
1,632,522
-7,870
| -0.5% | -$398K |
|
188
Incyte
INCY
$25.8B
| $78.7M | 0.08% |
944,420
+113,472
| +14% | +$10.2M |
|
189
Ross Stores
ROST
$80.8B
| $78.4M | 0.08% |
1,004,773
-129,208
| -11% | -$10.3M |
|
|
SRCL
190
DELISTED
Stericycle Inc
SRCL
| $78.2M | 0.08% |
1,335,884
-139,115
| -9% | -$9.42M |
|
191
Procter & Gamble
PG
$340B
| $78.1M | 0.08% |
985,567
-666,764
| -40% | -$55.6M |
|
192
NiSource
NI
$21.5B
| $77.7M | 0.08% |
3,251,566
| – | – |
|
193
US Foods
USFD
$22.5B
| $77.3M | 0.08% |
2,359,457
-301,674
| -11% | -$9.86M |
|
|
KLXI
194
DELISTED
KLX Inc.
KLXI
| $77.2M | 0.08% |
1,288,348
+76,041
| +6% | +$4.44M |
|
|
MFA
195
MFA Financial
MFA
$932M
| $77.1M | 0.08% |
2,560,244
-741,929
| -22% | -$22M |
|
|
STI
196
DELISTED
SunTrust Banks, Inc.
STI
| $76.8M | 0.08% |
+1,129,272
| New | +$78.3M |
|
197
Fastenal
FAST
$54.8B
| $76M | 0.08% |
5,569,292
-716,668
| -11% | -$9.87M |
|
198
Vodafone
VOD
$37.1B
| $75.2M | 0.07% |
2,704,281
+2,168
| +0.1% | +$64.6K |
|
199
Performance Food Group
PFGC
$18.3B
| $74.9M | 0.07% |
2,508,555
-24,131
| -1% | -$773K |
|
200
Norwegian Cruise Line
NCLH
$9.53B
| $74.3M | 0.07% |
1,402,837
-306,449
| -18% | -$17.4M |
|
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 $4.02B 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.