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 C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TERP
301
DELISTED
TerraForm Power, Inc
TERP
| $50.2M | 0.05% |
3,528,078
-862,921
| -20% | -$23.1M |
|
|
JNPR
302
DELISTED
Juniper Networks
JNPR
| $48.9M | 0.05% |
1,901,471
+183,167
| +11% | +$4.84M |
|
303
Flex
FLEX
$41B
| $48.8M | 0.05% |
6,144,461
-885
| -0% | -$7.19K |
|
304
Southern Copper
SCCO
$145B
| $48.8M | 0.05% |
1,969,214
-40,517
| -2% | -$1.03M |
|
|
TGE
305
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $48.7M | 0.05% |
2,449,417
-364,701
| -13% | -$10.1M |
|
|
XIFR
306
XPLR Infrastructure LP
XIFR
$1.12B
| $47.4M | 0.05% |
2,174,548
+1,129,145
| +108% | +$35.4M |
|
|
VTLE
307
DELISTED
Vital Energy
VTLE
| $47.3M | 0.05% |
250,638
-16,657
| -6% | -$3.29M |
|
308
Novartis
NVS
$301B
| $47.3M | 0.05% |
573,668
-294,168
| -34% | -$26.2M |
|
|
RICE
309
DELISTED
Rice Energy Inc.
RICE
| $47.2M | 0.05% |
2,918,511
-369,662
| -11% | -$7.06M |
|
310
Coca-Cola Europacific Partners
CCEP
$49.3B
| $46.4M | 0.05% |
960,599
-122,070
| -11% | -$5.94M |
|
311
Deckers Outdoor
DECK
$13.6B
| $46.4M | 0.05% |
4,796,472
-414,798
| -8% | -$4.63M |
|
312
UnitedHealth
UNH
$383B
| $46.4M | 0.05% |
399,902
+2,902
| +0.7% | +$347K |
|
|
PXD
313
DELISTED
Pioneer Natural Resource Co.
PXD
| $46.2M | 0.05% |
379,970
+9,418
| +3% | +$1.17M |
|
314
Travere Therapeutics
TVTX
$5.33B
| $46.1M | 0.05% |
2,277,360
-690,143
| -23% | -$20.4M |
|
|
VR
315
DELISTED
Validus Hold Ltd
VR
| $45.8M | 0.05% |
1,015,111
+4,161
| +0.4% | +$188K |
|
|
HES
316
DELISTED
Hess
HES
| $45.7M | 0.05% |
913,583
+79,195
| +9% | +$4.53M |
|
317
Agnico Eagle Mines
AEM
$75.4B
| $45.7M | 0.05% |
1,805,238
-83,195
| -4% | -$2.03M |
|
318
Carlisle Companies
CSL
$15B
| $45.3M | 0.05% |
+518,091
| New | +$51.8M |
|
319
Packaging Corp of America
PKG
$22.2B
| $45.2M | 0.05% |
751,540
+27,579
| +4% | +$1.84M |
|
320
Vipshop
VIPS
$7.3B
| $45.1M | 0.05% |
2,686,732
-6,638,365
| -71% | -$127M |
|
|
MXIM
321
DELISTED
Maxim Integrated Products
MXIM
| $44.9M | 0.05% |
1,345,522
+66,071
| +5% | +$2.19M |
|
|
BMS
322
DELISTED
Bemis
BMS
| $44.9M | 0.05% |
1,133,846
+37,423
| +3% | +$1.64M |
|
|
PF
323
DELISTED
Pinnacle Foods, Inc.
PF
| $44.7M | 0.05% |
1,067,308
-512,007
| -32% | -$23.1M |
|
324
Paycom
PAYC
$7.53B
| $44.3M | 0.05% |
1,234,576
+775,933
| +169% | +$28.2M |
|
|
OTIC
325
DELISTED
Otonomy, Inc.
OTIC
| $44.2M | 0.05% |
2,483,917
+141,056
| +6% | +$3.34M |
|
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Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.