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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
IQVIA
IQV
$43.1B
| $71.2M | 0.08% |
1,090,277
+11,535
| +1% | +$773K |
|
227
Voya Financial
VOYA
$9.29B
| $71M | 0.08% |
2,866,387
-385,872
| -12% | -$11.8M |
|
|
VR
228
DELISTED
Validus Hold Ltd
VR
| $70.9M | 0.08% |
1,458,517
-1,543
| -0.1% | -$72.4K |
|
|
HT
229
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $70.5M | 0.08% |
4,112,900
+11,530
| +0.3% | +$218K |
|
230
Capital One
COF
$132B
| $69.7M | 0.08% |
1,096,853
-523,955
| -32% | -$36.5M |
|
231
Fortinet
FTNT
$122B
| $69.1M | 0.08% |
10,937,485
-165,750
| -1% | -$1.07M |
|
232
Zoetis
ZTS
$32B
| $68.5M | 0.08% |
+1,443,128
| New | +$68.2M |
|
233
Carlisle Companies
CSL
$14.2B
| $68.2M | 0.07% |
644,886
+11,460
| +2% | +$1.16M |
|
|
TSRO
234
DELISTED
TESARO, Inc.
TSRO
| $68.1M | 0.07% |
810,124
-139,366
| -15% | -$6.21M |
|
|
XEC
235
DELISTED
CIMAREX ENERGY CO
XEC
| $66.3M | 0.07% |
555,754
-27,805
| -5% | -$3.11M |
|
236
eBay
EBAY
$47B
| $66.2M | 0.07% |
2,829,535
-25,638
| -0.9% | -$619K |
|
|
B
237
Barrick Mining
B
$75.1B
| $65.7M | 0.07% |
3,078,133
-491,469
| -14% | -$8.75M |
|
|
UNVR
238
DELISTED
Univar Solutions Inc.
UNVR
| $65.6M | 0.07% |
3,471,352
+2,242,816
| +183% | +$40.7M |
|
|
AERI
239
DELISTED
Aerie Pharmaceuticals
AERI
| $65.3M | 0.07% |
3,711,695
+21,505
| +0.6% | +$348K |
|
|
CLDT
240
Chatham Lodging
CLDT
$637M
| $64.6M | 0.07% |
2,941,202
-10,103
| -0.3% | -$216K |
|
|
CPN
241
DELISTED
Calpine Corporation
CPN
| $64.2M | 0.07% |
4,351,166
-63,213
| -1% | -$937K |
|
|
AIRM
242
DELISTED
Air Methods Corp
AIRM
| $64.2M | 0.07% |
1,791,230
-1,494
| -0.1% | -$54.1K |
|
243
Enbridge
ENB
$110B
| $63.6M | 0.07% |
1,502,241
+250,817
| +20% | +$10.2M |
|
|
CLNY
244
DELISTED
Colony Capital, Inc.
CLNY
| $63.4M | 0.07% |
4,127,640
+153,894
| +4% | +$2.67M |
|
|
SNI
245
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $63.3M | 0.07% |
1,015,796
+17,328
| +2% | +$1.11M |
|
246
Intuit
INTU
$97.9B
| $63.2M | 0.07% |
566,021
-730,597
| -56% | -$76.4M |
|
247
Flex
FLEX
$40.8B
| $62.1M | 0.07% |
6,988,311
-48,079
| -0.7% | -$448K |
|
|
OTIC
248
DELISTED
Otonomy, Inc.
OTIC
| $61.6M | 0.07% |
3,876,468
+306,723
| +9% | +$4.57M |
|
|
BMS
249
DELISTED
Bemis
BMS
| $61.5M | 0.07% |
1,194,828
-29,947
| -2% | -$1.51M |
|
250
Coca-Cola Europacific Partners
CCEP
$48.2B
| $61.5M | 0.07% |
1,723,243
+868,637
| +102% | +$40.9M |
|
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Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.