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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Universal Health Services
UHS
$10.1B
| $53.3M | 0.06% |
428,482
-79,991
| -16% | -$9.45M |
|
|
SLCA
252
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $53.3M | 0.06% |
1,110,609
+666,831
| +150% | +$35.7M |
|
|
LJPC
253
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $52.8M | 0.06% |
1,768,213
+1,510,504
| +586% | +$38.6M |
|
254
Forum Energy Technologies
FET
$907M
| $52.7M | 0.06% |
+127,249
| New | +$54.7M |
|
255
Boston Scientific
BSX
$67.9B
| $52.4M | 0.06% |
2,105,635
+317,319
| +18% | +$7.72M |
|
256
J.M. Smucker
SJM
$14.1B
| $52.1M | 0.06% |
397,387
-48,526
| -11% | -$6.6M |
|
257
Advance Auto Parts
AAP
$2.59B
| $51.7M | 0.06% |
348,598
+347,407
| +29,169% | +$55.8M |
|
258
Assembly Biosciences
ASMB
$694M
| $51.4M | 0.06% |
167,961
-5,192
| -3% | -$1.27M |
|
259
Planet Fitness
PLNT
$4.03B
| $51.1M | 0.05% |
2,653,219
+1,331,660
| +101% | +$27.5M |
|
260
Pinnacle West Capital
PNW
$11.8B
| $51M | 0.05% |
611,078
+407,026
| +199% | +$32.5M |
|
|
CLR
261
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $50.7M | 0.05% |
1,116,591
+17,572
| +2% | +$828K |
|
262
Eagle Bancorp
EGBN
$840M
| $50.5M | 0.05% |
846,125
+312,235
| +58% | +$18.9M |
|
|
263
Starbucks
SBUX
$123B
| $50.4M | 0.05% |
863,681
-18,839,612
| -96% | -$1.07B |
|
|
CAA
264
DELISTED
CalAtlantic Group, Inc.
CAA
| $50.2M | 0.05% |
1,339,959
+57,817
| +5% | +$2.04M |
|
265
MGM Resorts International
MGM
$10.6B
| $50M | 0.05% |
1,824,351
+93,562
| +5% | +$2.59M |
|
266
Baidu
BIDU
$32.9B
| $49.9M | 0.05% |
289,424
+283,173
| +4,530% | +$49.8M |
|
|
PPL
267
PPL Corp
PPL
$25.7B
| $49.7M | 0.05% |
1,329,562
+388,291
| +41% | +$13.9M |
|
|
TXNM
268
TXNM Energy Inc
TXNM
$5.94B
| $49.4M | 0.05% |
1,335,706
+391,505
| +41% | +$13.8M |
|
|
KITE
269
DELISTED
Kite Pharma, Inc.
KITE
| $48.9M | 0.05% |
622,607
| – | – |
|
|
CYBR
270
DELISTED
CyberArk
CYBR
| $48.8M | 0.05% |
959,820
+370,293
| +63% | +$18.9M |
|
271
Enbridge
ENB
$110B
| $48.7M | 0.05% |
1,163,671
-406,123
| -26% | -$17.2M |
|
|
MYCC
272
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $48.5M | 0.05% |
3,022,896
-203,200
| -6% | -$3.34M |
|
273
IQVIA
IQV
$43.1B
| $48.4M | 0.05% |
601,293
-537,232
| -47% | -$41.9M |
|
274
Southern Company
SO
$102B
| $48.2M | 0.05% |
969,243
+298,197
| +44% | +$14.7M |
|
275
ProPetro Holding
PUMP
$1.35B
| $48.2M | 0.05% |
+3,740,199
| New | +$50.5M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.