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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.09% |
| 2 | Healthcare | 16.64% |
| 3 | Technology | 14.97% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Q2 Holdings
QTWO
$3.43B
| $52.9M | 0.06% |
1,887,973
-16,530
| -0.9% | -$414K |
|
|
ITC
277
DELISTED
ITC HOLDINGS CORP
ITC
| $52.7M | 0.06% |
1,125,657
| – | – |
|
278
Dominion Energy
D
$62.5B
| $52.3M | 0.06% |
671,669
-297,799
| -31% | -$21.6M |
|
|
MFRM
279
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $52M | 0.06% |
1,548,434
-55,182
| -3% | -$2.02M |
|
280
Owens Corning
OC
$11.6B
| $51.8M | 0.06% |
1,005,117
+13,520
| +1% | +$673K |
|
281
Wayfair
W
$11.8B
| $51.3M | 0.06% |
1,315,287
+175,058
| +15% | +$6.98M |
|
|
WR
282
DELISTED
Westar Energy Inc
WR
| $50.9M | 0.06% |
906,822
-1,038,080
| -53% | -$54.9M |
|
|
TFCFA
283
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $50.8M | 0.06% |
1,879,331
+810,731
| +76% | +$23.6M |
|
284
Cooper Companies
COO
$14B
| $50.8M | 0.06% |
1,185,036
+11,792
| +1% | +$472K |
|
285
MGM Resorts International
MGM
$11.8B
| $50.3M | 0.06% |
2,222,273
-26,894
| -1% | -$611K |
|
|
SEE
286
DELISTED
Sealed Air
SEE
| $50.1M | 0.06% |
1,090,864
+545,027
| +100% | +$26.1M |
|
287
JB Hunt Transport Services
JBHT
$27.4B
| $50.1M | 0.05% |
618,594
+10,587
| +2% | +$874K |
|
288
Mercado Libre
MELI
$92B
| $49.7M | 0.05% |
353,461
+23,032
| +7% | +$2.99M |
|
|
ITCI
289
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $49.7M | 0.05% |
1,279,597
+1,987
| +0.2% | +$71.4K |
|
290
Range Resources
RRC
$8.66B
| $48.8M | 0.05% |
1,130,778
-54,408
| -5% | -$2.23M |
|
291
Mueller Water Products
MWA
$3.98B
| $48.3M | 0.05% |
4,233,719
+229,008
| +6% | +$2.45M |
|
292
Gaming and Leisure Properties
GLPI
$12.8B
| $47.6M | 0.05% |
+1,379,530
| New | +$45.7M |
|
293
AT&T
T
$152B
| $47.5M | 0.05% |
1,454,060
+599
| +0% | +$17.8K |
|
294
Pebblebrook Hotel Trust
PEB
$2.16B
| $47.1M | 0.05% |
1,795,632
+15,339
| +0.9% | +$407K |
|
|
CAVM
295
DELISTED
Cavium, Inc.
CAVM
| $47.1M | 0.05% |
1,220,555
+54,839
| +5% | +$2.71M |
|
|
TGE
296
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $47M | 0.05% |
2,083,209
-573,978
| -22% | -$12.4M |
|
297
Phillips 66
PSX
$82.9B
| $46.7M | 0.05% |
589,018
-266,805
| -31% | -$21.8M |
|
298
Lowe's Companies
LOW
$117B
| $46.7M | 0.05% |
590,230
+1,381
| +0.2% | +$107K |
|
299
Plains All American Pipeline
PAA
$16.8B
| $45.9M | 0.05% |
1,669,210
+73,824
| +5% | +$1.79M |
|
300
Devon Energy
DVN
$50.6B
| $45.8M | 0.05% |
1,263,490
-312,078
| -20% | -$10.6M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $4.67B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.