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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.7% |
| 2 | Consumer Discretionary | 17.46% |
| 3 | Healthcare | 13.37% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AIRM
251
DELISTED
Air Methods Corp
AIRM
| $55M | 0.06% |
1,727,390
+12,342
| +0.7% | +$380K |
|
252
Universal Health Services
UHS
$10.1B
| $54.1M | 0.06% |
508,473
-655,596
| -56% | -$77.6M |
|
253
Gaming and Leisure Properties
GLPI
$13B
| $53.8M | 0.06% |
1,755,651
+444,922
| +34% | +$13.9M |
|
|
BLUE
254
DELISTED
bluebird bio
BLUE
| $53.7M | 0.06% |
67,203
+237
| +0.4% | +$188K |
|
|
BHI
255
DELISTED
Baker Hughes
BHI
| $53.4M | 0.06% |
821,516
+503,031
| +158% | +$29.9M |
|
256
IPG Photonics
IPGP
$3.57B
| $52.2M | 0.06% |
+529,032
| New | +$49.3M |
|
|
CLDT
257
Chatham Lodging
CLDT
$638M
| $52.1M | 0.06% |
2,533,553
-179,598
| -7% | -$3.45M |
|
|
FCE.A
258
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $51.7M | 0.06% |
2,479,329
+108,492
| +5% | +$2.2M |
|
259
TechnipFMC
FTI
$28.9B
| $51.7M | 0.06% |
1,954,328
-119,158
| -6% | -$2.98M |
|
260
Sempra
SRE
$59.2B
| $50.8M | 0.06% |
1,010,112
-1,800,386
| -64% | -$91.7M |
|
261
Abbott
ABT
$187B
| $50.5M | 0.06% |
1,315,239
-26,864
| -2% | -$1.07M |
|
262
MGM Resorts International
MGM
$11.8B
| $49.9M | 0.06% |
1,730,789
-234,767
| -12% | -$6.5M |
|
|
AMT.PRB
263
DELISTED
American Tower Corporation
AMT.PRB
| $49.9M | 0.06% |
477,073
-25,014
| -5% | -$2.65M |
|
264
Varonis Systems
VRNS
$5.13B
| $49.8M | 0.06% |
5,577,003
+793,821
| +17% | +$7.55M |
|
|
ZOES
265
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $49.5M | 0.06% |
2,062,042
+396,502
| +24% | +$9.36M |
|
|
EVHC
266
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $49.3M | 0.06% |
779,530
-521,893
| -40% | -$34.1M |
|
267
Vulcan Materials
VMC
$37.4B
| $48.7M | 0.05% |
389,518
+3,307
| +0.9% | +$400K |
|
268
WEC Energy
WEC
$37B
| $48.6M | 0.05% |
829,213
-328,602
| -28% | -$18.8M |
|
|
NVRO
269
DELISTED
NEVRO CORP.
NVRO
| $48.5M | 0.05% |
666,888
+86,319
| +15% | +$7.39M |
|
270
Dominion Energy
D
$62.1B
| $48.4M | 0.05% |
632,186
-37,607
| -6% | -$2.77M |
|
271
Live Nation Entertainment
LYV
$42.1B
| $47.8M | 0.05% |
1,797,138
-253,220
| -12% | -$6.97M |
|
272
Q2 Holdings
QTWO
$3.71B
| $46.7M | 0.05% |
1,619,718
-152,440
| -9% | -$4.5M |
|
|
PNK
273
DELISTED
Pinnacle Entertainment Inc.
PNK
| $46.6M | 0.05% |
3,215,838
+194,086
| +6% | +$2.59M |
|
274
Wayfair
W
$12.5B
| $46.3M | 0.05% |
1,321,595
-7,097
| -0.5% | -$255K |
|
|
MYCC
275
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $46.3M | 0.05% |
3,226,096
+950,316
| +42% | +$12.6M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.76B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.