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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.28% |
| 2 | Consumer Discretionary | 14.62% |
| 3 | Technology | 10.39% |
| 4 | Communication Services | 9.8% |
| 5 | Energy | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
JB Hunt Transport Services
JBHT
$25.9B
| $42.9M | 0.04% |
587,754
+172,718
| +42% | +$12.9M |
|
|
JIVE
327
DELISTED
Jive Software, Inc.
JIVE
| $42.5M | 0.04% |
3,397,391
+603,374
| +22% | +$8.67M |
|
|
TVTY
328
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $42.1M | 0.04% |
+2,274,180
| New | +$41.1M |
|
329
Waste Management
WM
$95B
| $42M | 0.04% |
1,019,399
| – | – |
|
|
GLDD
330
DELISTED
Great Lakes Dredge & Dock
GLDD
| $41.8M | 0.04% |
5,629,677
-96,712
| -2% | -$719K |
|
331
Adecoagro
AGRO
$1.4B
| $41.7M | 0.04% |
5,633,471
+23,172
| +0.4% | +$158K |
|
332
Acadia Pharmaceuticals
ACAD
$4.51B
| $41.6M | 0.04% |
1,513,192
-9,822
| -0.6% | -$205K |
|
333
Acadia Healthcare
ACHC
$2.55B
| $40.9M | 0.04% |
1,038,273
-62,782
| -6% | -$2.33M |
|
|
CLNY
334
DELISTED
Colony Capital, Inc.
CLNY
| $40.8M | 0.04% |
2,042,182
-22,679
| -1% | -$458K |
|
335
Norwegian Cruise Line
NCLH
$9.53B
| $40.6M | 0.04% |
+1,314,482
| New | +$41.3M |
|
336
Toyota
TM
$228B
| $40.5M | 0.04% |
316,100
-21,444
| -6% | -$2.73M |
|
337
Freeport-McMoran
FCX
$86.2B
| $40.3M | 0.04% |
1,217,102
-54,560
| -4% | -$1.67M |
|
|
GAP
338
The Gap Inc
GAP
$7.3B
| $40.1M | 0.04% |
+994,940
| New | +$42.9M |
|
|
CSOD
339
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $39.9M | 0.04% |
775,280
+367,988
| +90% | +$18.1M |
|
|
YHOO
340
DELISTED
Yahoo Inc
YHOO
| $39.7M | 0.04% |
1,197,420
| – | – |
|
341
BOK Financial
BOKF
$8.58B
| $39.6M | 0.04% |
624,799
-27,536
| -4% | -$1.81M |
|
342
Live Nation Entertainment
LYV
$42.9B
| $39.3M | 0.04% |
2,121,196
-886,784
| -29% | -$15.1M |
|
|
TWTC
343
DELISTED
TW TELECOM INC CL A COM
TWTC
| $39.3M | 0.04% |
1,317,413
-2,425,806
| -65% | -$71.5M |
|
344
Puma Biotechnology
PBYI
$398M
| $39.3M | 0.04% |
731,511
-183,585
| -20% | -$9.9M |
|
345
Bruker
BRKR
$9.4B
| $39.1M | 0.04% |
1,891,692
-194,753
| -9% | -$3.72M |
|
346
Teva Pharmaceuticals
TEVA
$40.4B
| $39M | 0.04% |
1,032,934
-3,264
| -0.3% | -$127K |
|
347
Bank of America
BAC
$429B
| $39M | 0.04% |
2,827,393
+1,143,590
| +68% | +$16.3M |
|
|
HES
348
DELISTED
Hess
HES
| $38.5M | 0.04% |
498,258
+475,219
| +2,063% | +$35.4M |
|
349
Pebblebrook Hotel Trust
PEB
$2.18B
| $38.2M | 0.04% |
1,330,917
-48,033
| -3% | -$1.31M |
|
350
Curtiss-Wright
CW
$25.1B
| $38.1M | 0.04% |
+811,335
| New | +$34.6M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,942,523 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.