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 |
AstraZeneca
AZN
|
+$693M |
| 2 |
Constellation Brands
STZ
|
+$368M |
| 3 |
Tesla
TSLA
|
+$332M |
| 4 |
NVIDIA
NVDA
|
+$300M |
| 5 |
Booking.com
BKNG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$821M |
| 2 |
Netflix
NFLX
|
+$777M |
| 3 |
AbbVie
ABBV
|
+$583M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$477M |
| 5 |
FedEx
FDX
|
+$456M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.29% |
| 2 | Consumer Discretionary | 17.84% |
| 3 | Financials | 13.34% |
| 4 | Healthcare | 12.27% |
| 5 | Communication Services | 11.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $4.61B | 4.5% |
54,295,640
-3,299,580
| -6% | -$262M |
|
|
2
Netflix
NFLX
$340B
| $3.32B | 3.24% |
84,780,230
-22,783,240
| -21% | -$777M |
|
3
Microsoft
MSFT
$3.81T
| $3.23B | 3.15% |
32,752,471
-735,542
| -2% | -$71.3M |
|
4
Alibaba
BABA
$296B
| $3.15B | 3.07% |
16,982,467
-149,789
| -0.9% | -$28.6M |
|
5
Apple
AAPL
$4.67T
| $2.95B | 2.88% |
63,838,512
-8,689,608
| -12% | -$394M |
|
6
Meta Platforms (Facebook)
META
$1.47T
| $2.94B | 2.87% |
15,147,053
+1,360,607
| +10% | +$246M |
|
7
Mastercard
MA
$521B
| $2.82B | 2.75% |
14,330,021
+646,937
| +5% | +$122M |
|
8
Visa
V
$712B
| $2.46B | 2.4% |
18,580,939
-9,280
| -0% | -$1.19M |
|
9
Boeing
BA
$166B
| $2.46B | 2.4% |
7,329,510
+3,561
| +0% | +$1.22M |
|
10
Adobe
ADBE
$116B
| $2.27B | 2.21% |
9,304,729
-199,757
| -2% | -$47.3M |
|
11
Salesforce
CRM
$211B
| $2.27B | 2.21% |
16,621,772
-259,604
| -2% | -$33.1M |
|
12
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.97B | 1.92% |
34,818,580
+3,199,180
| +10% | +$174M |
|
|
13
Alphabet (Google) Class C
GOOG
$4.19T
| $1.85B | 1.81% |
33,240,120
+3,131,640
| +10% | +$169M |
|
|
14
NVIDIA
NVDA
$5.25T
| $1.85B | 1.8% |
312,004,480
+49,367,640
| +19% | +$300M |
|
15
JPMorgan Chase
JPM
$951B
| $1.72B | 1.67% |
16,463,579
-1,655,596
| -9% | -$182M |
|
16
UnitedHealth
UNH
$353B
| $1.62B | 1.58% |
6,616,652
+710,745
| +12% | +$171M |
|
|
17
Tesla
TSLA
$1.38T
| $1.49B | 1.45% |
64,982,805
+16,340,655
| +34% | +$332M |
|
18
Marriott International
MAR
$91.5B
| $1.44B | 1.4% |
11,347,439
+97,194
| +0.9% | +$13.2M |
|
19
Home Depot
HD
$329B
| $1.41B | 1.37% |
7,216,934
-1,063,260
| -13% | -$199M |
|
20
Broadcom
AVGO
$1.75T
| $1.39B | 1.36% |
57,390,140
-1,084,590
| -2% | -$26.6M |
|
21
Costco
COST
$419B
| $1.36B | 1.33% |
6,502,987
-111,926
| -2% | -$22.1M |
|
22
PayPal
PYPL
$45.9B
| $1.28B | 1.25% |
15,425,116
-1,214,158
| -7% | -$96.8M |
|
23
Estee Lauder
EL
$37.4B
| $1.26B | 1.23% |
8,841,379
-712,536
| -7% | -$105M |
|
24
Illumina
ILMN
$32.6B
| $1.2B | 1.17% |
4,417,913
+190,946
| +5% | +$48.6M |
|
|
25
Booking.com
BKNG
$155B
| $1.19B | 1.16% |
14,732,475
+2,980,950
| +25% | +$251M |
|
Similar funds
Jennison Associates's Q2 2018 Portfolio in Review
As of Q2 2018, Jennison Associates held 740 positions worth $103B, up 2% from $101B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jennison Associates withdrew a net $3.91B in Q2 2018, closing 87 positions and reducing 296 holdings. Its most notable exit was Great Plains Energy Incorporated, an estimated $152M 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 Financials.
Against the trend, Jennison Associates opened a new position in AstraZeneca worth $677M.
- Jennison Associates's largest Q2 2018 buy was AstraZeneca: 9,637,084 shares worth $677M.
- Jennison Associates added most to Constellation Brands in Q2 2018, an estimated $368M increase.
- Jennison Associates's biggest Q2 2018 reduction was Charter Communications, cutting an estimated $821M.
- Jennison Associates fully exited Great Plains Energy Incorporated in Q2 2018, selling an estimated $152M.
- Jennison Associates's ten largest holdings make up 29% of its $103B portfolio in Q2 2018.
- Jennison Associates opened 89 new positions and closed 87 in Q2 2018.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $103B.
Based on Jennison Associates's 13F filing for Q2 2018, filed 2 Aug 2018.