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 |
Alphabet (Google) Class A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FCE.A
276
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $53.8M | 0.05% |
2,453,193
-513,069
| -17% | -$11.2M |
|
|
WSTC
277
DELISTED
West Corporation
WSTC
| $52.9M | 0.05% |
2,451,679
+608,923
| +33% | +$14.6M |
|
|
BRCD
278
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $52.4M | 0.05% |
5,706,383
-6,471,992
| -53% | -$63.6M |
|
|
WCC
279
WESCO International
WCC
$15.1B
| $52.4M | 0.05% |
1,198,611
-11,237
| -0.9% | -$524K |
|
|
PXD
280
DELISTED
Pioneer Natural Resource Co.
PXD
| $52.3M | 0.05% |
417,065
+37,095
| +10% | +$5.09M |
|
281
Flex
FLEX
$37.7B
| $52.2M | 0.05% |
6,182,501
+38,040
| +0.6% | +$322K |
|
282
MGM Resorts International
MGM
$11.7B
| $51.9M | 0.05% |
2,284,194
+148,783
| +7% | +$3.28M |
|
283
Williams Companies
WMB
$85.8B
| $51.5M | 0.05% |
2,002,755
-1,939,779
| -49% | -$67.8M |
|
284
RH
RH
$3.33B
| $51.2M | 0.05% |
644,476
+38,568
| +6% | +$3.58M |
|
285
TechnipFMC
FTI
$28.6B
| $50.2M | 0.05% |
2,324,885
+102,713
| +5% | +$2.48M |
|
286
MACOM Technology Solutions
MTSI
$17.4B
| $49.6M | 0.05% |
1,212,952
+90,741
| +8% | +$3.16M |
|
|
TSRO
287
DELISTED
TESARO, Inc.
TSRO
| $49.1M | 0.05% |
938,461
+574,041
| +158% | +$27.4M |
|
|
BMS
288
DELISTED
Bemis
BMS
| $48.9M | 0.05% |
1,094,647
-39,199
| -3% | -$1.75M |
|
|
NFX
289
DELISTED
Newfield Exploration
NFX
| $48.6M | 0.05% |
1,491,553
-111,027
| -7% | -$4.14M |
|
290
Moelis & Co
MC
$4.85B
| $48M | 0.05% |
1,646,210
+128,125
| +8% | +$3.67M |
|
291
Cogent Communications
CCOI
$635M
| $47.8M | 0.05% |
1,376,835
+622,688
| +83% | +$20.1M |
|
292
Veeva Systems
VEEV
$33.8B
| $47.6M | 0.05% |
1,651,495
+542,804
| +49% | +$14.5M |
|
293
Coca-Cola Europacific Partners
CCEP
$49.1B
| $47.3M | 0.05% |
959,675
-924
| -0.1% | -$46.5K |
|
294
NN Inc
NNBR
$237M
| $46.9M | 0.05% |
2,940,727
+106,796
| +4% | +$1.73M |
|
295
Owens Corning
OC
$11B
| $46.6M | 0.05% |
990,202
+210,178
| +27% | +$9.65M |
|
296
Eli Lilly
LLY
$1.08T
| $46.4M | 0.05% |
550,127
-517,393
| -48% | -$42.9M |
|
297
Wendy's
WEN
$1.46B
| $46.3M | 0.05% |
4,301,096
+481,978
| +13% | +$4.75M |
|
298
Carlisle Companies
CSL
$13.5B
| $45.9M | 0.05% |
517,791
-300
| -0.1% | -$26.5K |
|
299
WEC Energy
WEC
$36.3B
| $45.6M | 0.04% |
889,634
+177,056
| +25% | +$9.04M |
|
300
Travere Therapeutics
TVTX
$5.17B
| $45.2M | 0.04% |
2,343,659
+66,299
| +3% | +$1.32M |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.