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 | |
|---|---|---|---|---|---|---|
276
Mattel
MAT
$4.47B
| $56.4M | 0.06% |
+1,347,478
| New | +$57.6M |
|
277
Stratasys
SSYS
$666M
| $56M | 0.06% |
+552,611
| New | +$53.5M |
|
|
ATMI
278
DELISTED
A T M I INC
ATMI
| $55.7M | 0.06% |
2,101,127
-546,159
| -21% | -$13.9M |
|
|
BRLI
279
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $55.7M | 0.06% |
1,864,123
-217,212
| -10% | -$6.04M |
|
280
Pembina Pipeline
PBA
$29.3B
| $54.9M | 0.06% |
1,657,213
+1,531
| +0.1% | +$48.1K |
|
281
Herc Holdings
HRI
$4.78B
| $54.8M | 0.06% |
824,042
+438,819
| +114% | +$33.6M |
|
|
AXE
282
DELISTED
Anixter International Inc
AXE
| $54.5M | 0.06% |
621,891
+420,782
| +209% | +$35.3M |
|
283
CVS Health
CVS
$135B
| $54.4M | 0.06% |
958,210
-680,447
| -42% | -$40.5M |
|
284
Charter Communications
CHTR
$17.3B
| $54.1M | 0.06% |
401,293
-161,174
| -29% | -$20.5M |
|
285
General Motors
GM
$80.9B
| $54M | 0.06% |
1,502,605
+688,874
| +85% | +$24.7M |
|
|
BSFT
286
DELISTED
BroadSoft, Inc.
BSFT
| $54M | 0.06% |
1,497,929
-55,630
| -4% | -$1.8M |
|
|
KYTH
287
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $53.9M | 0.06% |
1,179,251
-11,446
| -1% | -$342K |
|
288
Asbury Automotive
ABG
$4.62B
| $53M | 0.06% |
996,394
-352,275
| -26% | -$17.3M |
|
|
GOLD
289
DELISTED
Randgold Resources Ltd
GOLD
| $52.8M | 0.06% |
749,240
-29,241
| -4% | -$2.09M |
|
290
Analog Devices
ADI
$172B
| $52.6M | 0.06% |
+1,117,268
| New | +$53.4M |
|
|
CHS
291
DELISTED
Chicos FAS, Inc.
CHS
| $52.3M | 0.05% |
3,138,244
-302,548
| -9% | -$4.99M |
|
292
Heartland Express
HTLD
$1.01B
| $52.1M | 0.05% |
3,670,954
-1,212,569
| -25% | -$17.4M |
|
293
Clearway Energy Class C
CWEN
$4.79B
| $51.9M | 0.05% |
+3,428,264
| New | +$49.2M |
|
294
Delta Air Lines
DAL
$56.7B
| $51.6M | 0.05% |
2,188,477
-352,529
| -14% | -$7.35M |
|
295
Commault Systems
CVLT
$4.98B
| $51.5M | 0.05% |
586,759
-36,467
| -6% | -$3.06M |
|
296
GE Aerospace
GE
$364B
| $51.3M | 0.05% |
448,077
| – | – |
|
|
GNMK
297
DELISTED
GenMark Diagnostics, Inc
GNMK
| $51.3M | 0.05% |
4,221,622
+540,899
| +15% | +$5.8M |
|
298
Duke Energy
DUK
$101B
| $49.8M | 0.05% |
746,335
+124,842
| +20% | +$8.52M |
|
299
Bank OZK
OZK
$5.63B
| $49.5M | 0.05% |
2,064,520
+28,790
| +1% | +$676K |
|
|
SWI
300
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $49.3M | 0.05% |
1,407,307
-593,491
| -30% | -$23.2M |
|
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.