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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VR
226
DELISTED
Validus Hold Ltd
VR
| $68.8M | 0.07% |
1,380,959
-77,558
| -5% | -$3.85M |
|
|
XIFR
227
XPLR Infrastructure LP
XIFR
$1.19B
| $68.2M | 0.07% |
2,439,139
-44,617
| -2% | -$1.35M |
|
228
Enbridge
ENB
$121B
| $68.2M | 0.07% |
1,549,595
+47,354
| +3% | +$1.98M |
|
229
Plains All American Pipeline
PAA
$17.1B
| $68M | 0.07% |
2,166,369
+497,159
| +30% | +$14.2M |
|
|
XEC
230
DELISTED
CIMAREX ENERGY CO
XEC
| $67.8M | 0.07% |
504,368
-51,386
| -9% | -$6.45M |
|
231
Bankunited
BKU
$3.36B
| $67.6M | 0.07% |
2,237,730
-116,329
| -5% | -$3.57M |
|
|
CSOD
232
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $67.4M | 0.07% |
1,466,010
-91,431
| -6% | -$4M |
|
|
KATE
233
DELISTED
Kate Spade & Company
KATE
| $67M | 0.07% |
3,913,312
-427,681
| -10% | -$8.29M |
|
234
Cooper Companies
COO
$13.7B
| $66.5M | 0.07% |
1,484,260
+299,224
| +25% | +$13.6M |
|
|
LPNT
235
DELISTED
LifePoint Health, Inc.
LPNT
| $66.4M | 0.07% |
1,120,630
-58,929
| -5% | -$3.54M |
|
|
TFCFA
236
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $66.3M | 0.07% |
2,738,076
+858,745
| +46% | +$22M |
|
237
Cheniere Energy
LNG
$53.6B
| $65.7M | 0.07% |
1,506,694
+1,049,456
| +230% | +$44.2M |
|
|
FTRPR
238
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $65.6M | 0.07% |
781,393
+1,641
| +0.2% | +$152K |
|
239
Carlisle Companies
CSL
$13.8B
| $65.5M | 0.07% |
638,966
-5,920
| -0.9% | -$618K |
|
240
Fidelity National Information Services
FIS
$22.3B
| $65.4M | 0.07% |
849,083
+452,222
| +114% | +$35.3M |
|
|
WPX
241
DELISTED
WPX Energy, Inc.
WPX
| $65.2M | 0.07% |
4,943,647
+1,055,630
| +27% | +$11.7M |
|
242
Cinemark Holdings
CNK
$3.93B
| $64.5M | 0.07% |
1,684,782
-487,574
| -22% | -$18.5M |
|
|
SNI
243
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $63.9M | 0.07% |
1,006,573
-9,223
| -0.9% | -$590K |
|
244
Teva Pharmaceuticals
TEVA
$36.2B
| $63.9M | 0.07% |
1,387,919
-436,250
| -24% | -$22.8M |
|
245
Acadia Healthcare
ACHC
$2.99B
| $63.7M | 0.07% |
1,285,675
-59,308
| -4% | -$3.09M |
|
|
GRA
246
DELISTED
W.R. Grace & Co.
GRA
| $63.6M | 0.07% |
862,166
-125,708
| -13% | -$9.48M |
|
|
EE
247
DELISTED
El Paso Electric Company
EE
| $63.2M | 0.07% |
1,351,381
+426,710
| +46% | +$19.9M |
|
|
PXD
248
DELISTED
Pioneer Natural Resource Co.
PXD
| $63M | 0.07% |
339,191
-31,903
| -9% | -$5.43M |
|
|
SEE
249
DELISTED
Sealed Air
SEE
| $61.8M | 0.07% |
1,349,735
+258,871
| +24% | +$12.2M |
|
250
Atlassian
TEAM
$24.3B
| $61.8M | 0.07% |
2,060,619
-32,788
| -2% | -$959K |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.