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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.7% |
| 2 | Consumer Discretionary | 17.46% |
| 3 | Healthcare | 13.37% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VIAB
226
DELISTED
Viacom Inc. Class B
VIAB
| $65.7M | 0.07% |
1,870,990
-149,889
| -7% | -$5.51M |
|
|
SEE
227
DELISTED
Sealed Air
SEE
| $65.5M | 0.07% |
1,445,108
+95,373
| +7% | +$4.38M |
|
|
SYNH
228
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $64.4M | 0.07% |
1,223,880
+227,069
| +23% | +$11M |
|
|
FOE
229
DELISTED
Ferro Corporation
FOE
| $64.2M | 0.07% |
4,477,526
+261,273
| +6% | +$3.71M |
|
230
Intuit
INTU
$85.6B
| $63.4M | 0.07% |
553,062
-5,972
| -1% | -$669K |
|
231
AstraZeneca
AZN
$267B
| $62.5M | 0.07% |
1,144,495
+719,299
| +169% | +$40.8M |
|
|
NSA
232
DELISTED
National Storage Affiliates Trust
NSA
| $61.7M | 0.07% |
2,794,439
+1,157,664
| +71% | +$23.5M |
|
233
Cheniere Energy
LNG
$52.8B
| $61.6M | 0.07% |
1,487,210
-19,484
| -1% | -$787K |
|
234
Align Technology
ALGN
$12.6B
| $61.6M | 0.07% |
640,846
-529,220
| -45% | -$49.1M |
|
235
Korn Ferry
KFY
$4.26B
| $60.8M | 0.07% |
2,065,392
+4,142
| +0.2% | +$101K |
|
|
OTIC
236
DELISTED
Otonomy, Inc.
OTIC
| $60.6M | 0.07% |
3,809,051
+25,337
| +0.7% | +$424K |
|
|
XIFR
237
XPLR Infrastructure LP
XIFR
$1.11B
| $60.2M | 0.07% |
2,357,063
-82,076
| -3% | -$2.15M |
|
|
PDCE
238
DELISTED
PDC Energy, Inc.
PDCE
| $59.3M | 0.07% |
816,831
-489,537
| -37% | -$33.7M |
|
239
Air Products & Chemicals
APD
$65.2B
| $59M | 0.07% |
410,520
+219,401
| +115% | +$30.7M |
|
240
Bankunited
BKU
$3.41B
| $58.1M | 0.06% |
1,540,275
-697,455
| -31% | -$23.2M |
|
241
Fortinet
FTNT
$110B
| $57.6M | 0.06% |
9,553,960
-414,880
| -4% | -$2.59M |
|
|
PXD
242
DELISTED
Pioneer Natural Resource Co.
PXD
| $57.5M | 0.06% |
319,265
-19,926
| -6% | -$3.65M |
|
243
Oneok
OKE
$55.9B
| $57.3M | 0.06% |
998,874
+148,667
| +17% | +$7.8M |
|
244
Five Below
FIVE
$11.5B
| $57.3M | 0.06% |
1,433,336
+453,926
| +46% | +$17.9M |
|
|
AXE
245
DELISTED
Anixter International Inc
AXE
| $57.2M | 0.06% |
705,921
+138,115
| +24% | +$10M |
|
246
J.M. Smucker
SJM
$13.2B
| $57.1M | 0.06% |
445,913
-878,666
| -66% | -$114M |
|
|
CLR
247
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $56.6M | 0.06% |
1,099,019
+386,507
| +54% | +$20M |
|
|
GRA
248
DELISTED
W.R. Grace & Co.
GRA
| $55.9M | 0.06% |
826,420
-35,746
| -4% | -$2.44M |
|
|
FTRPR
249
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $55.9M | 0.06% |
786,330
+4,937
| +0.6% | +$378K |
|
250
NN Inc
NNBR
$261M
| $55.5M | 0.06% |
2,911,593
+25,237
| +0.9% | +$447K |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.76B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.