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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Tapestry
TPR
$30.3B
| $65.1M | 0.07% |
2,250,359
+418,461
| +23% | +$12.9M |
|
252
Adecoagro
AGRO
$1.4B
| $64.3M | 0.07% |
8,081,352
-370,886
| -4% | -$3.16M |
|
|
CMBT
253
CMB.TECH NV
CMBT
$4.52B
| $64.3M | 0.07% |
4,627,146
+803,616
| +21% | +$11.7M |
|
254
Korn Ferry
KFY
$4.31B
| $63.8M | 0.07% |
1,928,225
-68,025
| -3% | -$2.32M |
|
255
Air Products & Chemicals
APD
$65.5B
| $63.3M | 0.06% |
536,280
+144,994
| +37% | +$18.4M |
|
|
FTRPR
256
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $62.9M | 0.06% |
675,623
+144,776
| +27% | +$14.6M |
|
|
ULTI
257
DELISTED
Ultimate Software Group Inc
ULTI
| $62.5M | 0.06% |
349,220
-4,559
| -1% | -$815K |
|
258
The GEO Group
GEO
$4B
| $61.4M | 0.06% |
3,099,056
+10,985
| +0.4% | +$243K |
|
|
DMND
259
DELISTED
DIAMOND FOODS, INC.
DMND
| $61.3M | 0.06% |
1,985,559
-196,101
| -9% | -$6.15M |
|
|
TMH
260
DELISTED
Team Health Holdings Inc
TMH
| $61.1M | 0.06% |
1,130,888
+230,406
| +26% | +$14.4M |
|
261
Energy Transfer Partners
ET
$69.5B
| $60.8M | 0.06% |
2,919,822
+44,100
| +2% | +$1.25M |
|
262
Acadia Healthcare
ACHC
$2.55B
| $60.6M | 0.06% |
914,130
+106,711
| +13% | +$8.21M |
|
|
AIRM
263
DELISTED
Air Methods Corp
AIRM
| $60.3M | 0.06% |
1,767,618
-120,488
| -6% | -$4.65M |
|
|
ADT
264
DELISTED
ADT Corp
ADT
| $60.1M | 0.06% |
2,009,167
+202,624
| +11% | +$6.57M |
|
|
FCE.A
265
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $59.7M | 0.06% |
2,966,262
+1,073
| +0% | +$23.7K |
|
266
Artisan Partners
APAM
$2.86B
| $59.7M | 0.06% |
1,693,801
-101,307
| -6% | -$4.37M |
|
|
XLNX
267
DELISTED
Xilinx Inc
XLNX
| $59.3M | 0.06% |
1,399,511
-321,853
| -19% | -$13.5M |
|
|
CLDT
268
Chatham Lodging
CLDT
$632M
| $59.2M | 0.06% |
2,756,618
-168,883
| -6% | -$4.19M |
|
269
Navient
NAVI
$819M
| $59.2M | 0.06% |
5,266,538
+10,354
| +0.2% | +$151K |
|
270
Humana
HUM
$43.9B
| $59.1M | 0.06% |
330,060
+2,460
| +0.8% | +$455K |
|
|
XENT
271
DELISTED
Intersect ENT, Inc
XENT
| $58.3M | 0.06% |
2,491,729
+269,448
| +12% | +$7.44M |
|
272
DuPont de Nemours
DD
$18.6B
| $58.3M | 0.06% |
542,956
+162,633
| +43% | +$18.8M |
|
|
TWC
273
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $57.9M | 0.06% |
322,617
-3,941
| -1% | -$736K |
|
|
ICPT
274
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $57.4M | 0.06% |
346,005
+639
| +0.2% | +$141K |
|
|
SUM
275
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $57M | 0.06% |
3,217,883
+1,508,815
| +88% | +$34.7M |
|
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Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.