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 | |
|---|---|---|---|---|---|---|
|
SRCL
176
DELISTED
Stericycle Inc
SRCL
| $85.3M | 0.08% |
1,306,195
-29,689
| -2% | -$1.85M |
|
177
Dollar Tree
DLTR
$24.1B
| $85M | 0.08% |
1,000,552
-542,244
| -35% | -$50M |
|
178
US Foods
USFD
$23.2B
| $84.4M | 0.08% |
2,230,348
-129,109
| -5% | -$4.57M |
|
179
Brighthouse Financial
BHF
$3.05B
| $84.2M | 0.08% |
2,100,289
+911,369
| +77% | +$43.8M |
|
|
180
Charter Communications
CHTR
$18.3B
| $80.5M | 0.08% |
274,514
-2,856,554
| -91% | -$821M |
|
|
BLUE
181
DELISTED
bluebird bio
BLUE
| $80.5M | 0.08% |
39,584
+748
| +2% | +$1.7M |
|
182
XPO
XPO
$22.1B
| $80.2M | 0.08% |
2,315,625
+449,719
| +24% | +$16.3M |
|
183
Moelis & Co
MC
$5.07B
| $79.9M | 0.08% |
1,362,542
+175,631
| +15% | +$10.1M |
|
184
Microchip Technology
MCHP
$39.6B
| $79.6M | 0.08% |
1,749,746
-101,176
| -5% | -$4.69M |
|
185
Vulcan Materials
VMC
$35.6B
| $79.2M | 0.08% |
613,699
-34,195
| -5% | -$4.22M |
|
186
Xcel Energy
XEL
$47.8B
| $79.2M | 0.08% |
1,732,966
| – | – |
|
187
Pembina Pipeline
PBA
$27.9B
| $79M | 0.08% |
2,284,554
+189,511
| +9% | +$6.33M |
|
188
Cogent Communications
CCOI
$486M
| $78.7M | 0.08% |
1,473,707
-454,069
| -24% | -$22.6M |
|
|
FOE
189
DELISTED
Ferro Corporation
FOE
| $78.6M | 0.08% |
3,770,043
-4,743
| -0.1% | -$104K |
|
190
American Water Works
AWK
$27.5B
| $78M | 0.08% |
913,984
-279,115
| -23% | -$23.1M |
|
191
Paycom
PAYC
$10.8B
| $77.7M | 0.08% |
786,052
-133,291
| -14% | -$14.4M |
|
|
PNK
192
DELISTED
Pinnacle Entertainment Inc.
PNK
| $76.9M | 0.08% |
2,279,384
-474,567
| -17% | -$15.5M |
|
193
Atmos Energy
ATO
$28.2B
| $76.7M | 0.07% |
851,194
-131,493
| -13% | -$11.4M |
|
194
Guidewire Software
GWRE
$17.1B
| $76.5M | 0.07% |
862,208
+199,367
| +30% | +$17.6M |
|
195
Intuitive Surgical
ISRG
$132B
| $76M | 0.07% |
476,475
+467,142
| +5,005% | +$71.2M |
|
196
Bank OZK
OZK
$5.39B
| $75.1M | 0.07% |
1,667,788
+35,266
| +2% | +$1.68M |
|
|
CYBR
197
DELISTED
CyberArk
CYBR
| $74.9M | 0.07% |
1,189,243
+117,867
| +11% | +$6.88M |
|
198
Vistra
VST
$46B
| $73.8M | 0.07% |
+3,117,241
| New | +$71.7M |
|
199
Intel
INTC
$473B
| $73M | 0.07% |
1,467,780
-832,469
| -36% | -$44.2M |
|
200
Eagle Bancorp
EGBN
$840M
| $72.4M | 0.07% |
1,181,208
-181,731
| -13% | -$11M |
|
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.