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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.28% |
| 2 | Consumer Discretionary | 14.62% |
| 3 | Technology | 10.39% |
| 4 | Communication Services | 9.8% |
| 5 | Energy | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SBNY
251
DELISTED
Signature Bank
SBNY
| $66.5M | 0.07% |
727,010
-26,691
| -4% | -$2.4M |
|
252
American Electric Power
AEP
$70.4B
| $66.3M | 0.07% |
1,528,377
+167,641
| +12% | +$7.46M |
|
|
PXD
253
DELISTED
Pioneer Natural Resource Co.
PXD
| $65.9M | 0.07% |
349,149
-1,598
| -0.5% | -$271K |
|
|
SI
254
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $65M | 0.07% |
+539,221
| New | +$60M |
|
255
Marathon Petroleum
MPC
$90.1B
| $64.5M | 0.07% |
2,005,072
-720,394
| -26% | -$25.3M |
|
256
Thermo Fisher Scientific
TMO
$214B
| $63.6M | 0.07% |
690,519
+49,638
| +8% | +$4.49M |
|
257
Alliant Energy
LNT
$18.6B
| $63.4M | 0.07% |
2,558,220
| – | – |
|
|
PIR
258
DELISTED
Pier 1 Imports, Inc.
PIR
| $62.9M | 0.07% |
161,110
-15,350
| -9% | -$6.94M |
|
|
MINI
259
DELISTED
Mobile Mini Inc
MINI
| $62.9M | 0.07% |
1,845,992
+258,771
| +16% | +$8.5M |
|
260
RBC Bearings
RBC
$17.4B
| $62.7M | 0.07% |
952,281
-412,133
| -30% | -$24.2M |
|
|
HITT
261
DELISTED
HITTITE MICROWAVE CORP
HITT
| $62.2M | 0.07% |
951,996
-38,890
| -4% | -$2.41M |
|
262
Semtech
SMTC
$9.65B
| $61.7M | 0.06% |
2,058,615
+37,076
| +2% | +$1.17M |
|
263
American Water Works
AWK
$27B
| $61.7M | 0.06% |
1,494,192
+376,245
| +34% | +$15.6M |
|
|
JCP
264
DELISTED
J.C. Penney Company, Inc.
JCP
| $61.7M | 0.06% |
6,990,502
+5,671,702
| +430% | +$80.9M |
|
265
Home Depot
HD
$337B
| $61M | 0.06% |
803,688
+329,464
| +69% | +$25.4M |
|
266
United Natural Foods
UNFI
$3.04B
| $60.3M | 0.06% |
896,893
-234,614
| -21% | -$14.3M |
|
267
Terex
TEX
$7.37B
| $59.3M | 0.06% |
1,763,480
+306,487
| +21% | +$9.29M |
|
|
LUX
268
DELISTED
Luxottica Group
LUX
| $59.3M | 0.06% |
1,127,065
+633,450
| +128% | +$33.7M |
|
269
Global Payments
GPN
$24.1B
| $59.1M | 0.06% |
2,314,650
-82,066
| -3% | -$1.99M |
|
270
Procter & Gamble
PG
$340B
| $58.7M | 0.06% |
776,684
+68,710
| +10% | +$5.47M |
|
|
CERN
271
DELISTED
Cerner Corp
CERN
| $58.6M | 0.06% |
1,114,647
+273
| +0% | +$13.3K |
|
272
Fortinet
FTNT
$112B
| $58.2M | 0.06% |
14,358,335
+782,940
| +6% | +$3.17M |
|
273
Rio Tinto
RIO
$152B
| $57.8M | 0.06% |
1,184,531
-49,941
| -4% | -$2.33M |
|
|
SN
274
DELISTED
Sanchez Energy Corporation
SN
| $57.1M | 0.06% |
2,161,417
-471,040
| -18% | -$11.2M |
|
|
RRTS
275
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $56.5M | 0.06% |
79,996
+21,338
| +36% | +$15.3M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,942,523 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.