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 | |
|---|---|---|---|---|---|---|
201
MSC Industrial Direct
MSM
$6.66B
| $78.4M | 0.08% |
912,001
+315,012
| +53% | +$27.7M |
|
202
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.3B
| $77.2M | 0.08% |
+1,000,000
| New | +$70.9M |
|
203
Cooper Companies
COO
$13.9B
| $77.1M | 0.08% |
1,287,828
-322,968
| -20% | -$17.5M |
|
204
Church & Dwight Co
CHD
$24B
| $76.8M | 0.08% |
1,479,392
-164,281
| -10% | -$8.4M |
|
|
DERM
205
DELISTED
Dermira, Inc.
DERM
| $76.7M | 0.08% |
2,632,994
+377,554
| +17% | +$11.5M |
|
206
Hain Celestial
HAIN
$66.1M
| $76.5M | 0.08% |
1,970,410
-1,761,530
| -47% | -$63.6M |
|
207
Microchip Technology
MCHP
$39.6B
| $75.5M | 0.08% |
1,955,862
+869,322
| +80% | +$34.2M |
|
208
Cogent Communications
CCOI
$486M
| $74.9M | 0.08% |
1,867,749
+215,940
| +13% | +$8.94M |
|
209
Vulcan Materials
VMC
$35.6B
| $73.8M | 0.08% |
582,521
-11,528
| -2% | -$1.45M |
|
|
ETP
210
DELISTED
Energy Transfer Partners, L.P.
ETP
| $73.3M | 0.08% |
3,595,779
+3,278,770
| +1,034% | +$73.1M |
|
|
TGE
211
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $73.1M | 0.08% |
2,876,195
-211,635
| -7% | -$5.58M |
|
212
Planet Fitness
PLNT
$4.03B
| $72.5M | 0.08% |
3,107,906
+454,687
| +17% | +$9.53M |
|
213
GE Aerospace
GE
$355B
| $72.1M | 0.08% |
557,089
-240,160
| -30% | -$32.9M |
|
|
FOE
214
DELISTED
Ferro Corporation
FOE
| $71.9M | 0.08% |
3,933,526
-297,090
| -7% | -$5.09M |
|
215
TransDigm Group
TDG
$65.6B
| $71.9M | 0.08% |
267,354
-86,488
| -24% | -$22M |
|
216
Dollar General
DG
$27.1B
| $71.4M | 0.08% |
990,646
-19,576
| -2% | -$1.41M |
|
217
Cheniere Energy
LNG
$58.3B
| $70.8M | 0.08% |
1,453,265
-29,685
| -2% | -$1.42M |
|
218
Exelixis
EXEL
$13.5B
| $70.8M | 0.08% |
2,873,349
+263,135
| +10% | +$5.57M |
|
219
Adecoagro
AGRO
$1.55B
| $70.7M | 0.07% |
7,072,263
-257,835
| -4% | -$2.82M |
|
220
Intuit
INTU
$97.9B
| $69.9M | 0.07% |
526,322
-12,343
| -2% | -$1.6M |
|
|
BHI
221
DELISTED
Baker Hughes
BHI
| $69.8M | 0.07% |
1,281,357
+130,895
| +11% | +$7.52M |
|
222
Bankunited
BKU
$3.3B
| $69.6M | 0.07% |
2,065,614
-37,837
| -2% | -$1.31M |
|
223
Varonis Systems
VRNS
$5.04B
| $69.5M | 0.07% |
5,602,305
-312,417
| -5% | -$3.58M |
|
|
HT
224
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $69.1M | 0.07% |
3,731,418
-70,848
| -2% | -$1.33M |
|
|
VR
225
DELISTED
Validus Hold Ltd
VR
| $68.9M | 0.07% |
1,325,425
-24,118
| -2% | -$1.3M |
|
Similar funds
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.