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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 14.7% |
| 3 | Technology | 12.89% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CEB
301
DELISTED
CEB Inc.
CEB
| $59.6M | 0.05% |
746,373
+20,639
| +3% | +$1.55M |
|
302
Flex
FLEX
$41B
| $58.6M | 0.05% |
6,135,074
-3,426,148
| -36% | -$30.1M |
|
|
CMCSK
303
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $58.1M | 0.05% |
1,035,651
+88,669
| +9% | +$4.97M |
|
304
Zurn Elkay Water Solutions
ZWS
$8.31B
| $57.9M | 0.05% |
4,505,184
-101,416
| -2% | -$1.3M |
|
305
Humana
HUM
$44B
| $57.8M | 0.05% |
+324,459
| New | +$51.4M |
|
306
Acadia Healthcare
ACHC
$2.62B
| $57.7M | 0.05% |
805,312
-56,975
| -7% | -$3.65M |
|
307
Duke Energy
DUK
$98.4B
| $56.8M | 0.05% |
739,781
-398,674
| -35% | -$32.4M |
|
308
Packaging Corp of America
PKG
$22.2B
| $56.3M | 0.05% |
+719,879
| New | +$57.1M |
|
309
Curtiss-Wright
CW
$26.5B
| $55.9M | 0.05% |
756,388
-49,725
| -6% | -$3.48M |
|
|
HES
310
DELISTED
Hess
HES
| $55.8M | 0.05% |
821,450
+11,464
| +1% | +$818K |
|
|
HAPN
311
Happen Inc
HAPN
$2.23B
| $55.6M | 0.05% |
565,570
+216,497
| +62% | +$22.5M |
|
|
WFM
312
DELISTED
Whole Foods Market Inc
WFM
| $55.1M | 0.05% |
1,058,875
+4,123
| +0.4% | +$221K |
|
313
Targa Resources
TRGP
$57.6B
| $54.7M | 0.05% |
570,743
-1,115,318
| -66% | -$105M |
|
314
NOV
NOV
$6.93B
| $54.6M | 0.05% |
1,092,349
-687,289
| -39% | -$37.3M |
|
315
Air Products & Chemicals
APD
$66.8B
| $54.6M | 0.05% |
389,866
+1,044
| +0.3% | +$144K |
|
|
SHLX
316
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $54.5M | 0.05% |
1,397,173
-29,656
| -2% | -$1.17M |
|
317
Heartland Express
HTLD
$986M
| $53.9M | 0.05% |
2,266,472
-1,272,101
| -36% | -$32.3M |
|
318
Procter & Gamble
PG
$335B
| $53.4M | 0.05% |
651,389
-242,318
| -27% | -$20.8M |
|
319
Patterson-UTI
PTEN
$3.74B
| $53.3M | 0.05% |
2,839,634
+63,353
| +2% | +$1.09M |
|
320
Viavi Solutions
VIAV
$8.65B
| $52.8M | 0.05% |
7,080,725
+1,727,611
| +32% | +$13.1M |
|
321
Live Nation Entertainment
LYV
$42.7B
| $52.8M | 0.05% |
2,092,105
+119,287
| +6% | +$3.01M |
|
|
PLCM
322
DELISTED
POLYCOM INC
PLCM
| $52.4M | 0.05% |
3,909,411
+670,423
| +21% | +$8.96M |
|
323
Guidewire Software
GWRE
$12.8B
| $52.3M | 0.05% |
994,853
-16,726
| -2% | -$866K |
|
|
JNPR
324
DELISTED
Juniper Networks
JNPR
| $52.3M | 0.05% |
2,316,832
+876,173
| +61% | +$20.2M |
|
325
JD.com
JD
$43.6B
| $52M | 0.05% |
+1,768,248
| New | +$47.5M |
|
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Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.