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 | |
|---|---|---|---|---|---|---|
301
TripAdvisor
TRIP
$1.72B
| $41.9M | 0.05% |
662,592
-192,526
| -23% | -$12.4M |
|
302
Mueller Water Products
MWA
$4.05B
| $41.7M | 0.04% |
3,321,057
-912,662
| -22% | -$10.9M |
|
303
AT&T
T
$170B
| $41.5M | 0.04% |
1,352,058
-102,002
| -7% | -$3.22M |
|
304
W.R. Berkley
WRB
$28.3B
| $41.2M | 0.04% |
2,406,571
+3,247
| +0.1% | +$56.2K |
|
305
Pembina Pipeline
PBA
$29.1B
| $40.2M | 0.04% |
1,321,097
-449,932
| -25% | -$13.5M |
|
306
Range Resources
RRC
$8.93B
| $40M | 0.04% |
1,032,231
-98,547
| -9% | -$3.99M |
|
307
Five Below
FIVE
$11.4B
| $39.5M | 0.04% |
979,410
+81,249
| +9% | +$3.76M |
|
308
Bath & Body Works
BBWI
$4.14B
| $39.4M | 0.04% |
688,480
-93,638
| -12% | -$5.52M |
|
|
DGI
309
DELISTED
DigitalGlobe Inc.
DGI
| $39.4M | 0.04% |
1,431,630
-174,836
| -11% | -$4.48M |
|
310
Pinnacle West Capital
PNW
$12.9B
| $39.3M | 0.04% |
517,087
| – | – |
|
|
MPSX
311
DELISTED
Multi Packaging Solutions Intl.
MPSX
| $39M | 0.04% |
2,709,469
-75,313
| -3% | -$1.07M |
|
312
Darling Ingredients
DAR
$9.32B
| $38.8M | 0.04% |
2,872,814
-105,985
| -4% | -$1.53M |
|
313
Wendy's
WEN
$1.45B
| $38.7M | 0.04% |
3,587,769
-56,260
| -2% | -$567K |
|
314
Target
TGT
$65.4B
| $38.6M | 0.04% |
562,562
-1,738,314
| -76% | -$125M |
|
315
Rio Tinto
RIO
$149B
| $38.5M | 0.04% |
1,153,368
+146,573
| +15% | +$4.67M |
|
|
XENT
316
DELISTED
Intersect ENT, Inc
XENT
| $38.4M | 0.04% |
2,421,178
-342,677
| -12% | -$5.16M |
|
|
SAGE
317
DELISTED
Sage Therapeutics
SAGE
| $38M | 0.04% |
825,744
+392,333
| +91% | +$16M |
|
318
Pebblebrook Hotel Trust
PEB
$2.19B
| $37.9M | 0.04% |
1,425,836
-369,796
| -21% | -$10.6M |
|
|
PNK
319
DELISTED
Pinnacle Entertainment Inc.
PNK
| $37.3M | 0.04% |
3,021,752
+850,188
| +39% | +$9.74M |
|
|
CLR
320
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $37M | 0.04% |
712,512
-3,252
| -0.5% | -$151K |
|
|
ZOES
321
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $37M | 0.04% |
1,665,540
+468,903
| +39% | +$14.9M |
|
322
Marathon Petroleum
MPC
$90B
| $36.9M | 0.04% |
907,880
-140,829
| -13% | -$5.71M |
|
323
Guidewire Software
GWRE
$13.2B
| $36.8M | 0.04% |
614,061
-73,949
| -11% | -$4.55M |
|
|
AXE
324
DELISTED
Anixter International Inc
AXE
| $36.6M | 0.04% |
567,806
+45,591
| +9% | +$2.75M |
|
325
CVS Health
CVS
$139B
| $36.4M | 0.04% |
409,218
-225,495
| -36% | -$21.3M |
|
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.