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 | |
|---|---|---|---|---|---|---|
326
Cadence Design Systems
CDNS
$91.7B
| $44.1M | 0.05% |
2,133,682
-310,010
| -13% | -$6.32M |
|
|
EQGP
327
DELISTED
EQGP Holdings, LP
EQGP
| $43.2M | 0.04% |
1,900,589
-649,583
| -25% | -$19.7M |
|
328
Coca-Cola
KO
$381B
| $42.9M | 0.04% |
1,070,189
+3,553
| +0.3% | +$142K |
|
329
CDW
CDW
$18.6B
| $42.9M | 0.04% |
1,050,669
+128,075
| +14% | +$4.85M |
|
330
Rio Tinto
RIO
$158B
| $42.3M | 0.04% |
1,251,762
-484,241
| -28% | -$18.1M |
|
|
TE
331
DELISTED
TECO ENERGY INC
TE
| $42.2M | 0.04% |
+1,605,836
| New | +$35.9M |
|
|
FLXN
332
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $42.1M | 0.04% |
2,831,268
+736,261
| +35% | +$17.3M |
|
|
WSTC
333
DELISTED
West Corporation
WSTC
| $41.3M | 0.04% |
1,842,756
-127,849
| -6% | -$3.37M |
|
|
WNR
334
DELISTED
Western Refining Inc
WNR
| $41.3M | 0.04% |
935,436
+4,207
| +0.5% | +$189K |
|
335
W.R. Berkley
WRB
$27.2B
| $41M | 0.04% |
2,547,332
-5,277,896
| -67% | -$86.5M |
|
336
BHP
BHP
$218B
| $41M | 0.04% |
1,453,635
-74,108
| -5% | -$2.41M |
|
|
TRAK
337
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $40.8M | 0.04% |
646,630
-302,119
| -32% | -$18.9M |
|
338
Shake Shack
SHAK
$2.54B
| $40.5M | 0.04% |
+854,988
| New | +$46.6M |
|
|
RDUS
339
DELISTED
Radius Health, Inc.
RDUS
| $40M | 0.04% |
+577,715
| New | +$40.1M |
|
|
GPOR
340
DELISTED
Gulfport Energy Corp.
GPOR
| $39.9M | 0.04% |
1,344,518
+15,671
| +1% | +$540K |
|
341
Moelis & Co
MC
$5.08B
| $39.9M | 0.04% |
1,518,085
-35,781
| -2% | -$1.01M |
|
|
CIE
342
DELISTED
Cobalt International Energy, Inc
CIE
| $39.7M | 0.04% |
373,433
-4,025
| -1% | -$490K |
|
|
TIVO
343
DELISTED
Tivo Inc
TIVO
| $39.6M | 0.04% |
3,773,882
+282,166
| +8% | +$3.41M |
|
344
MGM Resorts International
MGM
$11.7B
| $39.4M | 0.04% |
2,135,411
+270,654
| +15% | +$5.41M |
|
345
Pacira BioSciences
PCRX
$1.06B
| $39.2M | 0.04% |
953,876
-718,732
| -43% | -$44M |
|
346
Larimar Therapeutics
LRMR
$398M
| $38.7M | 0.04% |
100,837
-2,419
| -2% | -$1.09M |
|
347
Constellium
CSTM
$3.89B
| $38.6M | 0.04% |
6,373,303
-211,156
| -3% | -$1.76M |
|
348
WEC Energy
WEC
$35.8B
| $37.2M | 0.04% |
+712,578
| New | +$34.7M |
|
349
TripAdvisor
TRIP
$1.65B
| $37M | 0.04% |
586,710
-2,930,517
| -83% | -$222M |
|
|
SHLX
350
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $36.7M | 0.04% |
1,245,668
-254,384
| -17% | -$9.98M |
|
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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.