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 | 24.85% |
| 2 | Consumer Discretionary | 16.27% |
| 3 | Healthcare | 15.33% |
| 4 | Financials | 12.45% |
| 5 | Communication Services | 12.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Seacoast Banking Corp of Florida
SBCF
$3.23B
| $55.1M | 0.05% |
2,166,008
-60,685
| -3% | -$1.58M |
|
|
CTLT
202
DELISTED
CATALENT, INC.
CTLT
| $54.7M | 0.05% |
1,008,191
-135,907
| -12% | -$6.22M |
|
203
Ingersoll Rand
IR
$33.1B
| $54.2M | 0.05% |
1,565,276
-463,183
| -23% | -$15M |
|
204
argenx
ARGX
$55.6B
| $53.4M | 0.05% |
377,108
-132,760
| -26% | -$16.9M |
|
205
Palo Alto Networks
PANW
$259B
| $53.1M | 0.05% |
1,562,394
-277,686
| -15% | -$10.4M |
|
206
Moelis & Co
MC
$5.04B
| $52.1M | 0.05% |
1,492,062
-159,153
| -10% | -$5.76M |
|
207
Agnico Eagle Mines
AEM
$73B
| $52.1M | 0.05% |
1,016,336
+110,754
| +12% | +$4.83M |
|
|
AMTD
208
DELISTED
TD Ameritrade Holding Corp
AMTD
| $52.1M | 0.05% |
1,042,694
-89,684
| -8% | -$4.65M |
|
|
CXP
209
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $51.2M | 0.05% |
2,468,821
-73,864
| -3% | -$1.64M |
|
210
Trade Desk
TTD
$8.41B
| $50.7M | 0.05% |
2,226,630
-1,223,950
| -35% | -$26.3M |
|
|
FISV
211
Fiserv Inc
FISV
$27.9B
| $50.4M | 0.05% |
553,100
+63,890
| +13% | +$5.6M |
|
212
Bright Horizons
BFAM
$4.1B
| $50.2M | 0.05% |
332,715
-28,841
| -8% | -$3.87M |
|
213
Microchip Technology
MCHP
$42.3B
| $49.8M | 0.05% |
1,149,180
+60,802
| +6% | +$2.7M |
|
214
Cintas
CTAS
$84.4B
| $49.8M | 0.05% |
839,704
-102,288
| -11% | -$5.66M |
|
215
Advance Auto Parts
AAP
$3.48B
| $48.9M | 0.05% |
317,070
-64,581
| -17% | -$10.5M |
|
|
AAMI
216
Acadian Asset Management
AAMI
$2.95B
| $47.5M | 0.05% |
4,161,884
-187,641
| -4% | -$2.38M |
|
217
SLB Ltd
SLB
$76.5B
| $46.4M | 0.05% |
1,168,415
-4,781
| -0.4% | -$193K |
|
218
Integra LifeSciences
IART
$1.52B
| $46M | 0.05% |
823,186
+31,582
| +4% | +$1.63M |
|
|
TRHC
219
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $45.9M | 0.05% |
918,893
+33,282
| +4% | +$1.66M |
|
220
TechnipFMC
FTI
$29.9B
| $45M | 0.04% |
2,334,071
-471,215
| -17% | -$8.26M |
|
221
Amphenol
APH
$184B
| $44.8M | 0.04% |
1,869,120
-162,384
| -8% | -$3.91M |
|
222
Pebblebrook Hotel Trust
PEB
$2.19B
| $44.4M | 0.04% |
1,575,185
-49,152
| -3% | -$1.49M |
|
223
Valero Energy
VLO
$90.5B
| $44.3M | 0.04% |
517,731
+64,214
| +14% | +$5.3M |
|
224
Boston Properties
BXP
$11B
| $43.8M | 0.04% |
339,354
+4,536
| +1% | +$609K |
|
225
Korn Ferry
KFY
$4.13B
| $43.6M | 0.04% |
1,087,864
-63,601
| -6% | -$2.89M |
|
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 $3.7B 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.