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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FOE
226
DELISTED
Ferro Corporation
FOE
| $64.3M | 0.07% |
4,230,616
-246,910
| -6% | -$3.54M |
|
|
NVRO
227
DELISTED
NEVRO CORP.
NVRO
| $63.7M | 0.07% |
680,194
+13,306
| +2% | +$1.21M |
|
228
Align Technology
ALGN
$11.2B
| $63.7M | 0.07% |
555,455
-85,391
| -13% | -$8.63M |
|
|
NSA
229
DELISTED
National Storage Affiliates Trust
NSA
| $62.8M | 0.07% |
2,629,672
-164,767
| -6% | -$3.82M |
|
230
Varonis Systems
VRNS
$5.04B
| $62.7M | 0.07% |
5,914,722
+337,719
| +6% | +$3.23M |
|
231
Intuit
INTU
$97.9B
| $62.5M | 0.07% |
538,665
-14,397
| -3% | -$1.73M |
|
232
Korn Ferry
KFY
$4.43B
| $62.2M | 0.07% |
1,973,858
-91,534
| -4% | -$2.75M |
|
233
AstraZeneca
AZN
$252B
| $61.4M | 0.07% |
985,855
-158,640
| -14% | -$9.23M |
|
234
MSC Industrial Direct
MSM
$6.66B
| $61.3M | 0.07% |
+596,989
| New | +$60.5M |
|
235
Avient
AVNT
$4.1B
| $61.1M | 0.07% |
1,792,068
-376,234
| -17% | -$12.6M |
|
|
PNK
236
DELISTED
Pinnacle Entertainment Inc.
PNK
| $60.1M | 0.06% |
3,078,868
-136,970
| -4% | -$2.26M |
|
|
AGN.PRA
237
DELISTED
Allergan plc
AGN.PRA
| $59.3M | 0.06% |
69,909
+15,063
| +27% | +$12.5M |
|
238
Liberty Global Class C
LBTYK
$3.56B
| $58.7M | 0.06% |
1,675,866
+1,289,820
| +334% | +$44.4M |
|
239
Five Below
FIVE
$13.4B
| $58.2M | 0.06% |
1,344,179
-89,157
| -6% | -$3.54M |
|
240
Kraft Heinz
KHC
$30.5B
| $58.1M | 0.06% |
640,017
-237,880
| -27% | -$21.4M |
|
241
Columbia Banking Systems
COLB
$8.51B
| $57.9M | 0.06% |
1,486,144
-168,191
| -10% | -$6.78M |
|
242
Live Nation Entertainment
LYV
$42.3B
| $57.1M | 0.06% |
1,878,837
+81,699
| +5% | +$2.34M |
|
243
Sempra
SRE
$55.1B
| $57M | 0.06% |
1,030,962
+20,850
| +2% | +$1.11M |
|
244
Exelixis
EXEL
$13.5B
| $56.6M | 0.06% |
2,610,214
-195,100
| -7% | -$3.97M |
|
245
Gaming and Leisure Properties
GLPI
$12.4B
| $56.5M | 0.06% |
1,691,527
-64,124
| -4% | -$2.02M |
|
|
GWPH
246
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $56.4M | 0.06% |
466,345
+316,926
| +212% | +$38.9M |
|
|
PXD
247
DELISTED
Pioneer Natural Resource Co.
PXD
| $56.2M | 0.06% |
301,579
-17,686
| -6% | -$3.28M |
|
248
Fastenal
FAST
$57.1B
| $55.4M | 0.06% |
4,306,060
+2,315,608
| +116% | +$29M |
|
|
XEC
249
DELISTED
CIMAREX ENERGY CO
XEC
| $55.2M | 0.06% |
461,994
-24,595
| -5% | -$3.19M |
|
250
Abbott
ABT
$195B
| $55M | 0.06% |
1,238,712
-76,527
| -6% | -$3.31M |
|
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Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.