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
|
+$774M |
| 2 |
Intuitive Surgical
ISRG
|
+$654M |
| 3 |
S&P Global
SPGI
|
+$464M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$326M |
| 5 |
CELG
Celgene Corp
CELG
|
+$243M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$591M |
| 2 |
Broadcom
AVGO
|
+$550M |
| 3 |
Monster Beverage
MNST
|
+$408M |
| 4 |
Booking.com
BKNG
|
+$377M |
| 5 |
McDonald's
MCD
|
+$371M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.49% |
| 2 | Consumer Discretionary | 16.46% |
| 3 | Healthcare | 15.81% |
| 4 | Financials | 12.97% |
| 5 | Communication Services | 11.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $5.34B | 4.92% |
53,299,200
-996,440
| -2% | -$93.7M |
|
2
Microsoft
MSFT
$3.81T
| $3.98B | 3.66% |
34,794,008
+2,041,537
| +6% | +$221M |
|
3
Apple
AAPL
$4.67T
| $3.53B | 3.25% |
62,562,788
-1,275,724
| -2% | -$66.4M |
|
4
Mastercard
MA
$521B
| $3.34B | 3.08% |
15,023,688
+693,667
| +5% | +$145M |
|
5
Netflix
NFLX
$340B
| $3.29B | 3.03% |
88,065,500
+3,285,270
| +4% | +$119M |
|
6
Boeing
BA
$166B
| $2.82B | 2.59% |
7,572,179
+242,669
| +3% | +$85.2M |
|
7
Alibaba
BABA
$296B
| $2.74B | 2.52% |
16,637,769
-344,698
| -2% | -$61M |
|
8
Salesforce
CRM
$211B
| $2.64B | 2.44% |
16,630,401
+8,629
| +0.1% | +$1.28M |
|
9
Visa
V
$712B
| $2.56B | 2.35% |
17,029,992
-1,550,947
| -8% | -$221M |
|
10
Meta Platforms (Facebook)
META
$1.47T
| $2.53B | 2.33% |
15,389,527
+242,474
| +2% | +$43.9M |
|
11
NVIDIA
NVDA
$5.25T
| $2.43B | 2.24% |
346,022,280
+34,017,800
| +11% | +$221M |
|
12
Adobe
ADBE
$116B
| $2.39B | 2.2% |
8,851,697
-453,032
| -5% | -$117M |
|
13
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.32B | 2.14% |
38,456,900
+3,638,320
| +10% | +$220M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.19T
| $2.14B | 1.97% |
35,895,740
+2,655,620
| +8% | +$159M |
|
15
Illumina
ILMN
$32.6B
| $1.77B | 1.63% |
4,961,350
+543,437
| +12% | +$174M |
|
16
UnitedHealth
UNH
$353B
| $1.75B | 1.61% |
6,580,698
-35,954
| -0.5% | -$9.35M |
|
17
JPMorgan Chase
JPM
$951B
| $1.67B | 1.54% |
14,820,911
-1,642,668
| -10% | -$186M |
|
|
18
AstraZeneca
AZN
$252B
| $1.57B | 1.45% |
19,872,152
+10,235,068
| +106% | +$774M |
|
19
Costco
COST
$419B
| $1.5B | 1.38% |
6,385,034
-117,953
| -2% | -$26.6M |
|
20
Marriott International
MAR
$91.5B
| $1.44B | 1.32% |
10,873,716
-473,723
| -4% | -$60.4M |
|
21
Home Depot
HD
$329B
| $1.4B | 1.29% |
6,737,658
-479,276
| -7% | -$96.5M |
|
22
Nike
NKE
$58.7B
| $1.36B | 1.26% |
16,095,107
+1,354,484
| +9% | +$109M |
|
23
Bristol-Myers Squibb
BMY
$136B
| $1.34B | 1.23% |
21,526,559
+4,080,245
| +23% | +$242M |
|
24
Tesla
TSLA
$1.38T
| $1.28B | 1.17% |
72,259,230
+7,276,425
| +11% | +$152M |
|
|
ATVI
25
DELISTED
Activision Blizzard
ATVI
| $1.22B | 1.13% |
14,707,945
+679,532
| +5% | +$51.6M |
|
Similar funds
Jennison Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Jennison Associates held 739 positions worth $109B, up 5.9% from $103B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jennison Associates's Q3 2018 filing shows 86 new, 214 increased, 352 reduced and 81 closed positions. Its largest new stake was Tiffany & Co.: 1,169,094 shares worth $151M. The largest sale was FedEx, an estimated $591M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2018 buy was Tiffany & Co.: 1,169,094 shares worth $151M.
- Jennison Associates added most to AstraZeneca in Q3 2018, an estimated $774M increase.
- Jennison Associates's biggest Q3 2018 reduction was FedEx, cutting an estimated $591M.
- Jennison Associates fully exited Cheniere Energy Partners LP Holdings LLC in Q3 2018, selling an estimated $134M.
- Jennison Associates's ten largest holdings make up 30% of its $109B portfolio in Q3 2018.
- Jennison Associates opened 86 new positions and closed 81 in Q3 2018.
- Jennison Associates's portfolio value rose 5.9% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q3 2018, filed 8 Nov 2018.