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 | 21.09% |
| 2 | Healthcare | 17.49% |
| 3 | Consumer Discretionary | 17.05% |
| 4 | Financials | 12.69% |
| 5 | Communication Services | 11.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Darling Ingredients
DAR
$9.32B
| $60.5M | 0.07% |
3,142,398
+13,457
| +0.4% | +$273K |
|
177
Saia
SAIA
$10.5B
| $60.5M | 0.07% |
1,083,062
+5,925
| +0.6% | +$360K |
|
178
Steven Madden
SHOO
$3.17B
| $60M | 0.07% |
1,984,042
+35,486
| +2% | +$1.09M |
|
|
CXP
179
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $59.9M | 0.07% |
3,093,290
+230,291
| +8% | +$4.93M |
|
180
Amphenol
APH
$185B
| $59.8M | 0.07% |
2,953,052
-433,116
| -13% | -$9.3M |
|
|
HT
181
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $59.6M | 0.07% |
3,399,335
-69,849
| -2% | -$1.3M |
|
182
Affiliated Managers Group
AMG
$9.51B
| $59.5M | 0.07% |
610,526
-56,695
| -8% | -$6.4M |
|
183
Dominion Energy
D
$62B
| $58.9M | 0.07% |
824,217
+387,516
| +89% | +$28.3M |
|
|
PFPT
184
DELISTED
Proofpoint, Inc.
PFPT
| $56.9M | 0.06% |
678,681
+7,072
| +1% | +$655K |
|
185
Labcorp
LH
$25.2B
| $56.8M | 0.06% |
522,917
-494,482
| -49% | -$66.2M |
|
|
FOE
186
DELISTED
Ferro Corporation
FOE
| $56.4M | 0.06% |
3,596,256
+333,140
| +10% | +$6.08M |
|
187
Wells Fargo
WFC
$254B
| $56.2M | 0.06% |
1,219,275
-35,517
| -3% | -$1.82M |
|
188
Assembly Biosciences
ASMB
$498M
| $56M | 0.06% |
206,349
-83
| -0% | -$24K |
|
189
Enbridge
ENB
$120B
| $55.9M | 0.06% |
1,799,624
+1,101,777
| +158% | +$35.4M |
|
190
Morgan Stanley
MS
$319B
| $55.9M | 0.06% |
1,409,705
-1,755,723
| -55% | -$76.6M |
|
191
Linde
LIN
$236B
| $55.9M | 0.06% |
+358,010
| New | +$56.6M |
|
192
Suncor Energy
SU
$77.7B
| $55.8M | 0.06% |
1,995,984
-78,623
| -4% | -$2.61M |
|
|
ACC
193
DELISTED
American Campus Communities, Inc.
ACC
| $55.7M | 0.06% |
1,346,026
+293,594
| +28% | +$12.2M |
|
194
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $54.6M | 0.06% |
2,097,294
+12,758
| +0.6% | +$342K |
|
195
Sprouts Farmers Market
SFM
$7.44B
| $53.9M | 0.06% |
2,294,590
-498,185
| -18% | -$13M |
|
196
BHP
BHP
$211B
| $53.7M | 0.06% |
1,247,452
-429,978
| -26% | -$18M |
|
|
INXN
197
DELISTED
Interxion Holding N.V.
INXN
| $53.6M | 0.06% |
990,042
+575,604
| +139% | +$34.6M |
|
198
Universal Display
OLED
$3.75B
| $53.1M | 0.06% |
567,144
-60,386
| -10% | -$6.09M |
|
199
DexCom
DXCM
$29B
| $52M | 0.06% |
1,737,788
-342,752
| -16% | -$10.9M |
|
200
Alliant Energy
LNT
$18.6B
| $51.8M | 0.06% |
1,226,261
| – | – |
|
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.