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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CLDT
276
Chatham Lodging
CLDT
$630M
| $52.2M | 0.06% |
2,713,151
-228,051
| -8% | -$4.91M |
|
277
Devon Energy
DVN
$49.2B
| $51.9M | 0.06% |
1,175,832
-87,658
| -7% | -$3.56M |
|
|
WCC
278
WESCO International
WCC
$16.1B
| $51.6M | 0.06% |
839,494
-8,218
| -1% | -$471K |
|
279
MGM Resorts International
MGM
$11.8B
| $51.2M | 0.06% |
1,965,556
-256,717
| -12% | -$6.23M |
|
280
Q2 Holdings
QTWO
$3.79B
| $50.8M | 0.05% |
1,772,158
-115,815
| -6% | -$3.26M |
|
281
Owens Corning
OC
$11.7B
| $50.7M | 0.05% |
948,839
-56,278
| -6% | -$3.02M |
|
282
Dominion Energy
D
$62.9B
| $49.7M | 0.05% |
669,793
-1,876
| -0.3% | -$143K |
|
|
DBD
283
DELISTED
Diebold Nixdorf Incorporated
DBD
| $49.4M | 0.05% |
1,993,269
+314,629
| +19% | +$8.36M |
|
284
Varonis Systems
VRNS
$5.31B
| $48M | 0.05% |
4,783,182
-218,724
| -4% | -$2M |
|
285
Medtronic
MDT
$112B
| $47.6M | 0.05% |
550,539
-59,199
| -10% | -$5.16M |
|
286
Travere Therapeutics
TVTX
$5.16B
| $47.5M | 0.05% |
2,123,487
-140,788
| -6% | -$2.68M |
|
|
TAHO
287
DELISTED
Tahoe Resources Inc
TAHO
| $46.9M | 0.05% |
3,656,727
+1,361,499
| +59% | +$20.2M |
|
|
CAA
288
DELISTED
CalAtlantic Group, Inc.
CAA
| $46.9M | 0.05% |
1,402,230
-128,018
| -8% | -$4.69M |
|
|
ALR
289
DELISTED
Alere Inc
ALR
| $46.9M | 0.05% |
1,084,445
+786,374
| +264% | +$32.1M |
|
290
Thermo Fisher Scientific
TMO
$214B
| $46.1M | 0.05% |
289,702
-969
| -0.3% | -$149K |
|
291
TechnipFMC
FTI
$28.9B
| $45.8M | 0.05% |
2,073,486
+259,211
| +14% | +$5.24M |
|
|
AGN.PRA
292
DELISTED
Allergan plc
AGN.PRA
| $44.9M | 0.05% |
54,693
+6,297
| +13% | +$5.44M |
|
|
SYNH
293
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $44.4M | 0.05% |
996,811
+974,929
| +4,455% | +$42.3M |
|
294
Molina Healthcare
MOH
$10.3B
| $44.3M | 0.05% |
759,714
-47,107
| -6% | -$2.6M |
|
295
Truist Financial
TFC
$64.6B
| $44M | 0.05% |
+1,165,180
| New | +$43.4M |
|
296
Vulcan Materials
VMC
$37.3B
| $43.9M | 0.05% |
+386,211
| New | +$45.5M |
|
297
Gaming and Leisure Properties
GLPI
$13B
| $43.8M | 0.05% |
1,310,729
-68,801
| -5% | -$2.38M |
|
298
Oneok
OKE
$55.7B
| $43.7M | 0.05% |
850,207
+665,436
| +360% | +$31.5M |
|
299
Korn Ferry
KFY
$4.31B
| $43.3M | 0.05% |
2,061,250
-117,226
| -5% | -$2.67M |
|
300
Lowe's Companies
LOW
$122B
| $42.8M | 0.05% |
592,499
+2,269
| +0.4% | +$176K |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.