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 |
Perrigo
PRGO
|
+$672M |
| 2 |
Merck
MRK
|
+$608M |
| 3 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$384M |
| 4 |
Las Vegas Sands
LVS
|
+$378M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$518M |
| 2 |
eBay
EBAY
|
+$474M |
| 3 |
Estee Lauder
EL
|
+$435M |
| 4 |
Goldman Sachs
GS
|
+$323M |
| 5 |
TechnipFMC
FTI
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 13.85% |
| 3 | Communication Services | 11.23% |
| 4 | Technology | 10.46% |
| 5 | Energy | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CERN
276
DELISTED
Cerner Corp
CERN
| $67.6M | 0.06% |
1,201,432
+93,191
| +8% | +$5.38M |
|
277
CenterPoint Energy
CNP
$28.3B
| $67.3M | 0.06% |
2,841,784
-818,308
| -22% | -$19.2M |
|
278
Wendy's
WEN
$1.46B
| $67M | 0.06% |
7,350,210
+89,902
| +1% | +$823K |
|
279
Duke Energy
DUK
$101B
| $66.9M | 0.06% |
939,701
+193,366
| +26% | +$13.5M |
|
|
280
TechnipFMC
FTI
$28.6B
| $66.7M | 0.06% |
1,714,199
-8,037,802
| -82% | -$304M |
|
281
American Water Works
AWK
$27B
| $65.8M | 0.06% |
1,450,394
+3,849
| +0.3% | +$166K |
|
282
Waters Corp
WAT
$37.3B
| $64.5M | 0.06% |
595,279
-57,885
| -9% | -$6.27M |
|
283
Molina Healthcare
MOH
$10.4B
| $64.4M | 0.06% |
1,715,418
-77,191
| -4% | -$2.84M |
|
|
XL
284
DELISTED
XL Group Ltd.
XL
| $64.3M | 0.06% |
2,056,808
+1,222,177
| +146% | +$36.5M |
|
285
McKesson
MCK
$104B
| $63.4M | 0.06% |
359,072
+212,386
| +145% | +$37.1M |
|
286
Deckers Outdoor
DECK
$14.1B
| $63.3M | 0.06% |
4,766,574
+731,028
| +18% | +$9.67M |
|
287
CVS Health
CVS
$135B
| $62.9M | 0.06% |
840,140
-96,309
| -10% | -$6.8M |
|
288
Procter & Gamble
PG
$340B
| $62.7M | 0.06% |
777,975
+1,291
| +0.2% | +$102K |
|
|
MWIV
289
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
| $62.3M | 0.06% |
400,553
+122,297
| +44% | +$20.5M |
|
|
THI
290
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $62.3M | 0.06% |
1,126,147
-1,148,640
| -50% | -$62.1M |
|
291
Tractor Supply
TSCO
$16.3B
| $62.1M | 0.06% |
4,398,910
-535,975
| -11% | -$7.58M |
|
292
Celldex Therapeutics
CLDX
$2.94B
| $61.6M | 0.06% |
232,555
-32,899
| -12% | -$12.6M |
|
|
KYTH
293
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $60.7M | 0.06% |
1,527,773
+89,158
| +6% | +$3.99M |
|
294
Clearway Energy Class C
CWEN
$4.79B
| $60.5M | 0.06% |
3,061,182
-841,850
| -22% | -$16M |
|
295
Iron Mountain
IRM
$35.9B
| $60.2M | 0.06% |
2,364,412
-334,202
| -12% | -$8.55M |
|
296
Walmart Inc
WMT
$909B
| $60.1M | 0.06% |
2,358,276
+49,770
| +2% | +$1.25M |
|
|
GPOR
297
DELISTED
Gulfport Energy Corp.
GPOR
| $59.9M | 0.06% |
842,197
+19,681
| +2% | +$1.21M |
|
|
PXD
298
DELISTED
Pioneer Natural Resource Co.
PXD
| $59.7M | 0.06% |
318,779
-10,297
| -3% | -$1.88M |
|
299
Analog Devices
ADI
$172B
| $58.9M | 0.06% |
1,107,566
-1,089
| -0.1% | -$54.9K |
|
|
RICE
300
DELISTED
Rice Energy Inc.
RICE
| $58.5M | 0.06% |
+2,215,056
| New | +$53.9M |
|
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Jennison Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Jennison Associates held 826 positions worth $105B, up 2.6% from $102B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Jennison Associates's Q1 2014 filing shows 122 new, 275 increased, 321 reduced and 94 closed positions. Its largest new stake was Perrigo: 4,257,843 shares worth $659M. The largest sale was Ralph Lauren, an estimated $518M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2014 buy was Perrigo: 4,257,843 shares worth $659M.
- Jennison Associates added most to Merck in Q1 2014, an estimated $608M increase.
- Jennison Associates's biggest Q1 2014 reduction was Estee Lauder, cutting an estimated $435M.
- Jennison Associates fully exited Ralph Lauren in Q1 2014, selling an estimated $518M.
- Jennison Associates's ten largest holdings make up 18% of its $105B portfolio in Q1 2014.
- Jennison Associates opened 122 new positions and closed 94 in Q1 2014.
- Jennison Associates's portfolio value rose 2.6% quarter-over-quarter to $105B.
Based on Jennison Associates's 13F filing for Q1 2014, filed 7 May 2014.