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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARG
226
DELISTED
Airgas Inc
ARG
| $74.2M | 0.08% |
831,153
-7,311
| -0.9% | -$725K |
|
227
Cigna
CI
$78.4B
| $74.2M | 0.08% |
549,355
-306,387
| -36% | -$44.5M |
|
228
Applied Materials
AMAT
$347B
| $73.6M | 0.08% |
5,007,272
-7,221,204
| -59% | -$121M |
|
|
MJN
229
DELISTED
Mead Johnson Nutrition Company
MJN
| $73.1M | 0.07% |
1,038,994
-9,251
| -0.9% | -$761K |
|
|
MFRM
230
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $72.9M | 0.07% |
1,745,889
-109,212
| -6% | -$6.24M |
|
|
KSU
231
DELISTED
Kansas City Southern
KSU
| $72.7M | 0.07% |
800,015
-10,666
| -1% | -$1.01M |
|
232
Copart
CPRT
$28.5B
| $72.4M | 0.07% |
17,609,176
-253,312
| -1% | -$1.12M |
|
|
CLNY
233
DELISTED
Colony Capital, Inc.
CLNY
| $72.1M | 0.07% |
3,686,255
+666,725
| +22% | +$14.8M |
|
234
Ultragenyx Pharmaceutical
RARE
$2.46B
| $71.8M | 0.07% |
745,664
+4,412
| +0.6% | +$505K |
|
235
United Airlines
UAL
$38.8B
| $71.6M | 0.07% |
1,349,058
-803,712
| -37% | -$45.3M |
|
|
SEMG
236
DELISTED
SEMGROUP CORPORATION
SEMG
| $71.1M | 0.07% |
1,644,609
-912,217
| -36% | -$55.3M |
|
|
WX
237
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $71M | 0.07% |
1,644,155
+59,956
| +4% | +$2.53M |
|
238
McKesson
MCK
$104B
| $71M | 0.07% |
383,659
+1,416
| +0.4% | +$300K |
|
239
Texas Roadhouse
TXRH
$13.7B
| $70.5M | 0.07% |
1,896,124
+171,873
| +10% | +$6.49M |
|
240
Chubb
CB
$140B
| $70M | 0.07% |
+677,199
| New | +$70.8M |
|
241
GameStop
GME
$9.8B
| $69.8M | 0.07% |
6,779,200
-395,332
| -6% | -$4.39M |
|
|
KATE
242
DELISTED
Kate Spade & Company
KATE
| $69.7M | 0.07% |
3,649,560
+519,409
| +17% | +$10.4M |
|
|
CPGX
243
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $69.2M | 0.07% |
+3,781,025
| New | +$98.5M |
|
|
GOLD
244
DELISTED
Randgold Resources Ltd
GOLD
| $69M | 0.07% |
1,175,702
-54,920
| -4% | -$3.31M |
|
245
Bank OZK
OZK
$5.63B
| $68.6M | 0.07% |
1,568,565
-82,849
| -5% | -$3.61M |
|
246
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $68.4M | 0.07% |
1,384,031
+184,479
| +15% | +$9.34M |
|
|
AERI
247
DELISTED
Aerie Pharmaceuticals
AERI
| $66.8M | 0.07% |
3,764,019
+669,110
| +22% | +$12.1M |
|
248
Fortinet
FTNT
$112B
| $66.5M | 0.07% |
7,833,025
-6,067,225
| -44% | -$53.7M |
|
249
Bankunited
BKU
$3.33B
| $66M | 0.07% |
1,845,235
-489,122
| -21% | -$17.7M |
|
|
VIAB
250
DELISTED
Viacom Inc. Class B
VIAB
| $65.4M | 0.07% |
1,516,772
+640,223
| +73% | +$31.7M |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.