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 |
PayPal
PYPL
|
+$638M |
| 2 |
Home Depot
HD
|
+$562M |
| 3 |
Costco
COST
|
+$529M |
| 4 |
AbbVie
ABBV
|
+$493M |
| 5 |
Caterpillar
CAT
|
+$461M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$777M |
| 2 |
CELG
Celgene Corp
CELG
|
+$581M |
| 3 |
Booking.com
BKNG
|
+$579M |
| 4 |
Crown Castle
CCI
|
+$495M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$455M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.11% |
| 2 | Consumer Discretionary | 15.78% |
| 3 | Financials | 12.94% |
| 4 | Healthcare | 12.88% |
| 5 | Communication Services | 11.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.67T
| $4.24B | 4.19% |
100,288,616
-6,486,948
| -6% | -$271M |
|
2
Amazon
AMZN
$2.87T
| $3.34B | 3.3% |
57,074,120
-4,063,120
| -7% | -$224M |
|
3
Alibaba
BABA
$296B
| $3.11B | 3.07% |
18,011,768
+14,315
| +0.1% | +$2.56M |
|
4
Meta Platforms (Facebook)
META
$1.47T
| $3.09B | 3.05% |
17,511,393
-2,332,234
| -12% | -$412M |
|
5
Microsoft
MSFT
$3.81T
| $3B | 2.96% |
35,032,576
-1,501,623
| -4% | -$123M |
|
6
Visa
V
$712B
| $2.38B | 2.35% |
20,903,001
-380,465
| -2% | -$42M |
|
7
Mastercard
MA
$521B
| $2.31B | 2.28% |
15,246,959
+82,024
| +0.5% | +$12.2M |
|
8
Netflix
NFLX
$340B
| $2.19B | 2.16% |
114,117,270
-21,232,400
| -16% | -$409M |
|
9
Boeing
BA
$166B
| $2.02B | 2% |
6,854,818
-18,310
| -0.3% | -$4.96M |
|
10
Adobe
ADBE
$116B
| $1.88B | 1.86% |
10,749,470
-129,264
| -1% | -$22.2M |
|
11
JPMorgan Chase
JPM
$951B
| $1.84B | 1.81% |
17,180,823
+1,804,721
| +12% | +$183M |
|
12
Salesforce
CRM
$211B
| $1.83B | 1.81% |
17,886,110
-404,920
| -2% | -$41.3M |
|
13
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.81B | 1.79% |
34,414,200
-1,113,040
| -3% | -$57.5M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.19T
| $1.75B | 1.72% |
33,357,160
-1,158,880
| -3% | -$59M |
|
15
Marriott International
MAR
$91.5B
| $1.65B | 1.63% |
12,149,996
+199,057
| +2% | +$24.4M |
|
|
16
Home Depot
HD
$329B
| $1.56B | 1.54% |
8,227,834
+3,254,382
| +65% | +$562M |
|
17
McDonald's
MCD
$188B
| $1.52B | 1.5% |
8,820,228
+1,848,111
| +27% | +$310M |
|
18
Bristol-Myers Squibb
BMY
$136B
| $1.51B | 1.49% |
24,573,968
-2,280,274
| -8% | -$143M |
|
19
Broadcom
AVGO
$1.75T
| $1.43B | 1.42% |
55,838,580
+4,184,200
| +8% | +$109M |
|
20
Goldman Sachs
GS
$301B
| $1.41B | 1.39% |
5,538,407
+727,698
| +15% | +$178M |
|
21
UnitedHealth
UNH
$353B
| $1.35B | 1.33% |
6,107,513
+565,536
| +10% | +$120M |
|
|
22
Costco
COST
$419B
| $1.23B | 1.22% |
6,611,043
+3,062,864
| +86% | +$529M |
|
23
Estee Lauder
EL
$37.4B
| $1.21B | 1.2% |
9,533,553
+3,372,279
| +55% | +$405M |
|
|
24
NVIDIA
NVDA
$5.25T
| $1.21B | 1.2% |
250,159,200
-156,516,120
| -38% | -$777M |
|
|
25
PayPal
PYPL
$45.9B
| $1.2B | 1.19% |
16,354,298
+8,827,558
| +117% | +$638M |
|
Similar funds
Jennison Associates's Q4 2017 Portfolio in Review
As of Q4 2017, Jennison Associates held 724 positions worth $101B, up 3.7% from $97.6B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jennison Associates's Q4 2017 filing shows 76 new, 253 increased, 308 reduced and 75 closed positions. Its largest new stake was Block Inc: 2,492,825 shares worth $86.4M. The largest sale was NVIDIA, an estimated $777M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jennison Associates's largest Q4 2017 buy was Block Inc: 2,492,825 shares worth $86.4M.
- Jennison Associates added most to PayPal in Q4 2017, an estimated $638M increase.
- Jennison Associates's biggest Q4 2017 reduction was NVIDIA, cutting an estimated $777M.
- Jennison Associates fully exited Electronic Arts in Q4 2017, selling an estimated $113M.
- Jennison Associates's ten largest holdings make up 27% of its $101B portfolio in Q4 2017.
- Jennison Associates opened 76 new positions and closed 75 in Q4 2017.
- Jennison Associates's portfolio value rose 3.7% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q4 2017, filed 25 Jan 2018.