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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Intuit
INTU
$86.7B
| $61.5M | 0.07% |
559,034
-6,987
| -1% | -$781K |
|
|
AMSG
252
DELISTED
Amsurg Corp
AMSG
| $61.4M | 0.07% |
916,048
-61,344
| -6% | -$4.29M |
|
|
BMS
253
DELISTED
Bemis
BMS
| $61.1M | 0.07% |
1,198,351
+3,523
| +0.3% | +$181K |
|
|
NVRO
254
DELISTED
NEVRO CORP.
NVRO
| $60.6M | 0.07% |
580,569
-197,510
| -25% | -$17.8M |
|
255
JB Hunt Transport Services
JBHT
$26.1B
| $60.1M | 0.06% |
740,913
+122,319
| +20% | +$9.99M |
|
256
Humana
HUM
$46.3B
| $60M | 0.06% |
339,459
+26,577
| +8% | +$4.61M |
|
257
Allegion
ALLE
$13.8B
| $59.9M | 0.06% |
868,874
+89,721
| +12% | +$6.32M |
|
|
GOLD
258
DELISTED
Randgold Resources Ltd
GOLD
| $59.5M | 0.06% |
595,017
-120,799
| -17% | -$13.1M |
|
|
BLUE
259
DELISTED
bluebird bio
BLUE
| $58.8M | 0.06% |
66,966
-820
| -1% | -$594K |
|
|
FOLD
260
DELISTED
Amicus Therapeutics
FOLD
| $58.5M | 0.06% |
7,906,476
+2,759,262
| +54% | +$18.6M |
|
|
FOE
261
DELISTED
Ferro Corporation
FOE
| $58.2M | 0.06% |
4,216,253
-56,544
| -1% | -$747K |
|
262
Abbott
ABT
$188B
| $56.8M | 0.06% |
1,342,103
-21,859
| -2% | -$937K |
|
263
Leidos
LDOS
$14.9B
| $56.7M | 0.06% |
+1,309,856
| New | +$59.5M |
|
264
Live Nation Entertainment
LYV
$42.2B
| $56.3M | 0.06% |
2,050,358
-242,908
| -11% | -$6.34M |
|
265
Agnico Eagle Mines
AEM
$72.1B
| $55.5M | 0.06% |
1,024,562
-106,788
| -9% | -$5.88M |
|
|
BRCD
266
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $55.5M | 0.06% |
6,007,618
-340,179
| -5% | -$3.17M |
|
|
AMT.PRB
267
DELISTED
American Tower Corporation
AMT.PRB
| $55M | 0.06% |
502,087
+23,725
| +5% | +$2.62M |
|
|
FCE.A
268
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $54.8M | 0.06% |
2,370,837
-113,522
| -5% | -$2.65M |
|
|
AIRM
269
DELISTED
Air Methods Corp
AIRM
| $54M | 0.06% |
1,715,048
-76,182
| -4% | -$2.59M |
|
270
Alnylam Pharmaceuticals
ALNY
$38.3B
| $53M | 0.06% |
781,656
-193,769
| -20% | -$13.7M |
|
271
NN Inc
NNBR
$263M
| $52.7M | 0.06% |
2,886,356
-146,553
| -5% | -$2.47M |
|
|
RDUS
272
DELISTED
Radius Health, Inc.
RDUS
| $52.6M | 0.06% |
971,926
+7,784
| +0.8% | +$396K |
|
273
Broadcom
AVGO
$1.82T
| $52.4M | 0.06% |
3,036,090
-1,980,230
| -39% | -$33.1M |
|
|
ITC
274
DELISTED
ITC HOLDINGS CORP
ITC
| $52.3M | 0.06% |
1,125,657
| – | – |
|
275
Wayfair
W
$12.3B
| $52.3M | 0.06% |
1,328,692
+13,405
| +1% | +$542K |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.