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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.96% |
| 2 | Healthcare | 15.31% |
| 3 | Consumer Discretionary | 14.83% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Allison Transmission
ALSN
$9.45B
| $67.1M | 0.07% |
1,788,436
+65,743
| +4% | +$2.39M |
|
227
Avient
AVNT
$3.31B
| $66.7M | 0.07% |
1,665,086
+2,877
| +0.2% | +$107K |
|
228
Fortis
FTS
$29.6B
| $66.5M | 0.07% |
1,853,177
-1,087,569
| -37% | -$39.2M |
|
229
Vodafone
VOD
$35.4B
| $66.4M | 0.07% |
2,334,527
-5,918
| -0.3% | -$171K |
|
230
Liberty Global Class C
LBTYK
$3.38B
| $66.2M | 0.07% |
2,025,673
+399,158
| +25% | +$12.9M |
|
|
VR
231
DELISTED
Validus Hold Ltd
VR
| $65.2M | 0.07% |
1,325,183
-242
| -0% | -$12.3K |
|
232
Pinnacle West Capital
PNW
$12.9B
| $64.8M | 0.07% |
766,163
+155,085
| +25% | +$13.6M |
|
233
Wells Fargo
WFC
$261B
| $64.7M | 0.07% |
1,172,702
-50,857
| -4% | -$2.7M |
|
234
NN Inc
NNBR
$270M
| $64.5M | 0.07% |
2,222,746
+179,578
| +9% | +$4.87M |
|
235
West Pharmaceutical
WST
$25B
| $64.3M | 0.07% |
668,023
+236,022
| +55% | +$21.4M |
|
|
QTS
236
DELISTED
QTS REALTY TRUST, INC.
QTS
| $64.1M | 0.07% |
1,223,816
+347,554
| +40% | +$18.5M |
|
237
SLB Ltd
SLB
$69.4B
| $64.1M | 0.07% |
918,270
-60,657
| -6% | -$4.01M |
|
|
ADSW
238
DELISTED
Advanced Disposal Services Inc
ADSW
| $63.7M | 0.07% |
2,529,995
+28,767
| +1% | +$682K |
|
|
PPL
239
PPL Corp
PPL
$26.7B
| $63M | 0.06% |
1,661,197
| – | – |
|
240
Ingersoll Rand
IR
$31.3B
| $62.8M | 0.06% |
2,281,114
+2,207
| +0.1% | +$52K |
|
|
SEMG
241
DELISTED
SEMGROUP CORPORATION
SEMG
| $62.3M | 0.06% |
2,166,297
-8,401
| -0.4% | -$218K |
|
|
VIAB
242
DELISTED
Viacom Inc. Class B
VIAB
| $62.1M | 0.06% |
2,231,583
-414,166
| -16% | -$12.8M |
|
|
CLR
243
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $62M | 0.06% |
1,607,034
+329,544
| +26% | +$11.2M |
|
244
Assembly Biosciences
ASMB
$505M
| $61.9M | 0.06% |
147,773
-15,010
| -9% | -$4.6M |
|
245
TransDigm Group
TDG
$67.4B
| $61.9M | 0.06% |
241,971
-25,383
| -9% | -$6.87M |
|
246
Gaming and Leisure Properties
GLPI
$12.7B
| $61.6M | 0.06% |
1,669,303
+17,602
| +1% | +$665K |
|
247
Teladoc Health
TDOC
$1.74B
| $59.4M | 0.06% |
1,793,338
+1,013,707
| +130% | +$33.2M |
|
248
Mohawk Industries
MHK
$6.59B
| $59.4M | 0.06% |
240,126
+71,220
| +42% | +$17.7M |
|
249
Sempra
SRE
$59.3B
| $59.4M | 0.06% |
1,041,016
+2,230
| +0.2% | +$129K |
|
250
Advance Auto Parts
AAP
$3.13B
| $59M | 0.06% |
594,812
+115,681
| +24% | +$11.7M |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.38B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.