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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Lowe's Companies
LOW
$121B
| $44.8M | 0.04% |
588,885
+210,391
| +56% | +$15.6M |
|
302
Pebblebrook Hotel Trust
PEB
$2.18B
| $44.4M | 0.04% |
1,585,869
+29,515
| +2% | +$974K |
|
303
Constellium
CSTM
$3.76B
| $44.4M | 0.04% |
5,765,822
-607,481
| -10% | -$4.24M |
|
304
HP
HPQ
$26B
| $44.4M | 0.04% |
3,748,673
-6,181,794
| -62% | -$79.1M |
|
|
PTLA
305
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $44.2M | 0.04% |
858,523
+203,505
| +31% | +$9.87M |
|
306
Norfolk Southern
NSC
$75.4B
| $43.9M | 0.04% |
+518,813
| New | +$44.4M |
|
307
Coca-Cola
KO
$383B
| $43.6M | 0.04% |
1,015,323
-54,866
| -5% | -$2.33M |
|
308
United Natural Foods
UNFI
$3.04B
| $43.3M | 0.04% |
1,100,676
+794,164
| +259% | +$37.2M |
|
|
TE
309
DELISTED
TECO ENERGY INC
TE
| $42.8M | 0.04% |
1,605,836
| – | – |
|
|
ZOES
310
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $42.5M | 0.04% |
1,520,569
+1,145,222
| +305% | +$38.6M |
|
311
Liberty Global Class C
LBTYK
$3.5B
| $42.4M | 0.04% |
1,196,668
-1,452,789
| -55% | -$52.4M |
|
|
SHLX
312
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $42.1M | 0.04% |
1,014,685
-230,983
| -19% | -$8.1M |
|
313
Paycom
PAYC
$7.88B
| $42M | 0.04% |
1,115,170
-119,406
| -10% | -$4.78M |
|
314
Agnico Eagle Mines
AEM
$72.2B
| $41.2M | 0.04% |
1,569,495
-235,743
| -13% | -$6.43M |
|
315
Southern Copper
SCCO
$138B
| $41.1M | 0.04% |
1,697,809
-271,405
| -14% | -$6.78M |
|
|
CEB
316
DELISTED
CEB Inc.
CEB
| $41.1M | 0.04% |
669,463
-107,751
| -14% | -$7.64M |
|
317
CDW
CDW
$18.9B
| $41M | 0.04% |
976,132
-74,537
| -7% | -$3.24M |
|
|
TGE
318
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $40.8M | 0.04% |
2,556,272
+106,855
| +4% | +$2.17M |
|
|
TIVO
319
DELISTED
Tivo Inc
TIVO
| $40.7M | 0.04% |
2,443,394
-1,330,488
| -35% | -$15M |
|
320
Thermo Fisher Scientific
TMO
$214B
| $40.7M | 0.04% |
286,665
-176,140
| -38% | -$23.5M |
|
|
HES
321
DELISTED
Hess
HES
| $40.4M | 0.04% |
832,474
-81,109
| -9% | -$4.6M |
|
|
NVDQ
322
DELISTED
Novadaq Technologies Inc.
NVDQ
| $40.3M | 0.04% |
3,160,930
+234,115
| +8% | +$2.8M |
|
|
B
323
Barrick Mining
B
$60.9B
| $40.2M | 0.04% |
5,450,365
+740,712
| +16% | +$5.52M |
|
|
FOLD
324
DELISTED
Amicus Therapeutics
FOLD
| $40M | 0.04% |
4,123,955
+133,138
| +3% | +$1.2M |
|
|
ALR
325
DELISTED
Alere Inc
ALR
| $39.5M | 0.04% |
1,009,883
+559,240
| +124% | +$24M |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.