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 | |
|---|---|---|---|---|---|---|
176
CoStar Group
CSGP
$13.1B
| $61.1M | 0.06% |
1,103,230
-207,930
| -16% | -$10.6M |
|
177
Elevance Health
ELV
$85.5B
| $60.9M | 0.06% |
215,799
+24,638
| +13% | +$6.73M |
|
178
American Water Works
AWK
$27.5B
| $60.7M | 0.06% |
523,236
| – | – |
|
179
Alliant Energy
LNT
$17.6B
| $60.2M | 0.06% |
1,226,261
| – | – |
|
180
Philip Morris
PM
$299B
| $59.9M | 0.06% |
762,944
-35,799
| -4% | -$2.96M |
|
181
Vail Resorts
MTN
$5.06B
| $59M | 0.06% |
264,407
-157,645
| -37% | -$35M |
|
182
Albemarle
ALB
$16.2B
| $59M | 0.06% |
838,032
-537,727
| -39% | -$39.7M |
|
183
Universal Display
OLED
$3.81B
| $58.8M | 0.06% |
312,534
-24,930
| -7% | -$4.15M |
|
184
Etsy
ETSY
$7.67B
| $58.5M | 0.06% |
953,261
+392,958
| +70% | +$25.7M |
|
185
Hilton Worldwide
HLT
$72.4B
| $58.3M | 0.06% |
596,007
-51,761
| -8% | -$4.7M |
|
186
Nokia
NOK
$57.2B
| $58.1M | 0.06% |
11,590,321
-853,500
| -7% | -$4.49M |
|
187
Guidewire Software
GWRE
$17.1B
| $57.6M | 0.06% |
568,494
+30,424
| +6% | +$3.1M |
|
188
Cigna
CI
$73.7B
| $57.6M | 0.06% |
365,654
-142,161
| -28% | -$22.3M |
|
189
PTC
PTC
$17.1B
| $57.2M | 0.06% |
637,723
-145,740
| -19% | -$13.1M |
|
|
HZNP
190
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $57M | 0.06% |
2,370,618
+167,929
| +8% | +$4.26M |
|
191
Suncor Energy
SU
$76.5B
| $57M | 0.06% |
1,829,938
-170,341
| -9% | -$5.45M |
|
192
Caterpillar
CAT
$368B
| $56.7M | 0.06% |
416,159
-19,013
| -4% | -$2.51M |
|
193
Tapestry
TPR
$25B
| $56.4M | 0.06% |
1,777,361
-653,127
| -27% | -$20.4M |
|
194
Humana
HUM
$46.3B
| $56.3M | 0.06% |
212,365
-669
| -0.3% | -$170K |
|
195
Zoetis
ZTS
$32B
| $56.3M | 0.06% |
496,317
-203,693
| -29% | -$21.3M |
|
196
Merit Medical Systems
MMSI
$5.4B
| $55.7M | 0.06% |
934,955
+150,000
| +19% | +$8.6M |
|
197
Darling Ingredients
DAR
$10.1B
| $55.4M | 0.06% |
2,785,732
-523,652
| -16% | -$10.7M |
|
|
B
198
Barrick Mining
B
$75.1B
| $55.4M | 0.06% |
3,512,449
+1,719,732
| +96% | +$22.8M |
|
199
Xcel Energy
XEL
$47.8B
| $55.3M | 0.05% |
929,809
| – | – |
|
|
ACC
200
DELISTED
American Campus Communities, Inc.
ACC
| $55.2M | 0.05% |
1,194,923
-20,142
| -2% | -$945K |
|
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.