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 | |
|---|---|---|---|---|---|---|
|
KOG
301
DELISTED
KODIAK OIL & GAS CORP
KOG
| $58.2M | 0.06% |
4,790,115
-1,122,444
| -19% | -$12.7M |
|
302
Portland General Electric
POR
$5.82B
| $58.1M | 0.06% |
1,795,221
+324,980
| +22% | +$10M |
|
303
Norwegian Cruise Line
NCLH
$9.53B
| $57.5M | 0.05% |
1,780,767
+353,449
| +25% | +$12.1M |
|
|
NVDQ
304
DELISTED
Novadaq Technologies Inc.
NVDQ
| $56.6M | 0.05% |
2,541,461
-328,318
| -11% | -$6.52M |
|
305
Darling Ingredients
DAR
$9.32B
| $56.3M | 0.05% |
2,810,304
+134,183
| +5% | +$2.69M |
|
306
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $56M | 0.05% |
1,494,621
+36,741
| +3% | +$1.27M |
|
307
Bruker
BRKR
$9.4B
| $56M | 0.05% |
2,457,596
+273,918
| +13% | +$5.97M |
|
|
CIE
308
DELISTED
Cobalt International Energy, Inc
CIE
| $56M | 0.05% |
203,631
+52,320
| +35% | +$13.6M |
|
309
BHP
BHP
$211B
| $55.7M | 0.05% |
971,350
-32,199
| -3% | -$1.8M |
|
|
RATE
310
DELISTED
Bankrate Inc
RATE
| $55.3M | 0.05% |
3,264,478
+369,631
| +13% | +$6.47M |
|
|
GOLD
311
DELISTED
Randgold Resources Ltd
GOLD
| $55.1M | 0.05% |
745,459
+13,486
| +2% | +$984K |
|
312
Delta Air Lines
DAL
$56.7B
| $55M | 0.05% |
1,588,507
+988,874
| +165% | +$31.8M |
|
|
AXE
313
DELISTED
Anixter International Inc
AXE
| $54.5M | 0.05% |
536,938
-54,522
| -9% | -$5.33M |
|
|
WSTC
314
DELISTED
West Corporation
WSTC
| $54.1M | 0.05% |
2,261,282
+80,613
| +4% | +$1.98M |
|
|
CLNY
315
DELISTED
Colony Capital, Inc.
CLNY
| $53.6M | 0.05% |
2,442,946
+474,978
| +24% | +$10.5M |
|
316
Adecoagro
AGRO
$1.4B
| $53.2M | 0.05% |
6,514,469
+636,324
| +11% | +$4.96M |
|
317
Korn Ferry
KFY
$4.31B
| $53.1M | 0.05% |
1,784,654
-103,080
| -5% | -$2.65M |
|
|
MXIM
318
DELISTED
Maxim Integrated Products
MXIM
| $53.1M | 0.05% |
1,603,435
+156,460
| +11% | +$4.8M |
|
|
CIVI
319
DELISTED
Civitas Resources
CIVI
| $51.3M | 0.05% |
10,359
-8,053
| -44% | -$40.3M |
|
|
PIR
320
DELISTED
Pier 1 Imports, Inc.
PIR
| $51.3M | 0.05% |
135,809
-6,633
| -5% | -$2.61M |
|
|
CEB
321
DELISTED
CEB Inc.
CEB
| $50.3M | 0.05% |
677,179
-183,014
| -21% | -$13.7M |
|
322
Semtech
SMTC
$9.65B
| $50.2M | 0.05% |
1,981,087
-23,635
| -1% | -$576K |
|
|
CIR
323
DELISTED
CIRCOR International, Inc
CIR
| $50.2M | 0.05% |
684,267
+112,931
| +20% | +$8.43M |
|
324
Wintrust Financial
WTFC
$10.7B
| $50.2M | 0.05% |
1,030,922
-594,719
| -37% | -$27.4M |
|
325
Korea Electric Power
KEP
$14.6B
| $49.9M | 0.05% |
2,905,601
+85,440
| +3% | +$1.45M |
|
Similar funds
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.