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 |
PNC Financial Services
PNC
|
+$630M |
| 2 |
Nike
NKE
|
+$627M |
| 3 |
XYZ
Block Inc
XYZ
|
+$306M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$295M |
| 5 |
FedEx
FDX
|
+$248M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.2B |
| 2 |
Meta Platforms (Facebook)
META
|
+$669M |
| 3 |
AbbVie
ABBV
|
+$567M |
| 4 |
Corning
GLW
|
+$343M |
| 5 |
McDonald's
MCD
|
+$342M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.06% |
| 2 | Consumer Discretionary | 16.67% |
| 3 | Financials | 13.94% |
| 4 | Healthcare | 12.79% |
| 5 | Communication Services | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $4.17B | 4.14% |
57,595,220
+521,100
| +0.9% | +$37.3M |
|
2
Netflix
NFLX
$340B
| $3.18B | 3.16% |
107,563,470
-6,553,800
| -6% | -$178M |
|
3
Alibaba
BABA
$296B
| $3.14B | 3.13% |
17,132,256
-879,512
| -5% | -$166M |
|
4
Microsoft
MSFT
$3.81T
| $3.06B | 3.04% |
33,488,013
-1,544,563
| -4% | -$141M |
|
|
5
Apple
AAPL
$4.67T
| $3.04B | 3.02% |
72,528,120
-27,760,496
| -28% | -$1.2B |
|
6
Boeing
BA
$166B
| $2.4B | 2.39% |
7,325,949
+471,131
| +7% | +$159M |
|
7
Mastercard
MA
$521B
| $2.4B | 2.38% |
13,683,084
-1,563,875
| -10% | -$267M |
|
8
Visa
V
$712B
| $2.22B | 2.21% |
18,590,219
-2,312,782
| -11% | -$280M |
|
|
9
Meta Platforms (Facebook)
META
$1.47T
| $2.2B | 2.19% |
13,786,446
-3,724,947
| -21% | -$669M |
|
10
Adobe
ADBE
$116B
| $2.05B | 2.04% |
9,504,486
-1,244,984
| -12% | -$253M |
|
11
JPMorgan Chase
JPM
$951B
| $1.99B | 1.98% |
18,119,175
+938,352
| +5% | +$106M |
|
12
Salesforce
CRM
$211B
| $1.96B | 1.95% |
16,881,376
-1,004,734
| -6% | -$115M |
|
13
Bristol-Myers Squibb
BMY
$136B
| $1.66B | 1.65% |
26,273,423
+1,699,455
| +7% | +$109M |
|
14
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.64B | 1.63% |
31,619,400
-2,794,800
| -8% | -$155M |
|
|
15
Alphabet (Google) Class C
GOOG
$4.19T
| $1.55B | 1.54% |
30,108,480
-3,248,680
| -10% | -$179M |
|
16
Marriott International
MAR
$91.5B
| $1.53B | 1.52% |
11,250,245
-899,751
| -7% | -$126M |
|
17
NVIDIA
NVDA
$5.25T
| $1.52B | 1.51% |
262,636,840
+12,477,640
| +5% | +$73.3M |
|
18
Home Depot
HD
$329B
| $1.48B | 1.47% |
8,280,194
+52,360
| +0.6% | +$9.82M |
|
19
Goldman Sachs
GS
$301B
| $1.45B | 1.44% |
5,740,728
+202,321
| +4% | +$52.7M |
|
20
Estee Lauder
EL
$37.4B
| $1.43B | 1.42% |
9,553,915
+20,362
| +0.2% | +$2.82M |
|
21
Broadcom
AVGO
$1.75T
| $1.38B | 1.37% |
58,474,730
+2,636,150
| +5% | +$66.4M |
|
|
RHT
22
DELISTED
Red Hat Inc
RHT
| $1.31B | 1.3% |
8,732,657
-819,415
| -9% | -$114M |
|
23
UnitedHealth
UNH
$353B
| $1.26B | 1.26% |
5,905,907
-201,606
| -3% | -$46M |
|
24
PayPal
PYPL
$45.9B
| $1.26B | 1.26% |
16,639,274
+284,976
| +2% | +$22.6M |
|
25
Costco
COST
$419B
| $1.25B | 1.24% |
6,614,913
+3,870
| +0.1% | +$730K |
|
Similar funds
Jennison Associates's Q1 2018 Portfolio in Review
As of Q1 2018, Jennison Associates held 730 positions worth $101B, down 0.67% from $101B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $4.11B in Q1 2018, closing 79 positions and reducing 339 holdings. Its most notable exit was Newell Brands, an estimated $95.7M position sold in full.
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.
Against the trend, Jennison Associates opened a new position in Emerson Electric worth $113M.
- Jennison Associates's largest Q1 2018 buy was Emerson Electric: 1,658,090 shares worth $113M.
- Jennison Associates added most to PNC Financial Services in Q1 2018, an estimated $630M increase.
- Jennison Associates's biggest Q1 2018 reduction was Apple, cutting an estimated $1.2B.
- Jennison Associates fully exited Newell Brands in Q1 2018, selling an estimated $95.7M.
- Jennison Associates's ten largest holdings make up 28% of its $101B portfolio in Q1 2018.
- Jennison Associates opened 81 new positions and closed 79 in Q1 2018.
- Jennison Associates's portfolio value fell 0.67% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2018, filed 20 Apr 2018.