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 | |
|---|---|---|---|---|---|---|
326
Louisiana-Pacific
LPX
$5.36B
| $36.3M | 0.04% |
1,925,952
-609,606
| -24% | -$11.8M |
|
|
RICE
327
DELISTED
Rice Energy Inc.
RICE
| $35.9M | 0.04% |
1,375,270
-129,913
| -9% | -$3.22M |
|
|
B
328
Barrick Mining
B
$61.5B
| $35.8M | 0.04% |
2,019,117
-1,059,016
| -34% | -$21.1M |
|
329
Ultragenyx Pharmaceutical
RARE
$2.53B
| $35.4M | 0.04% |
498,446
+405
| +0.1% | +$25.9K |
|
330
Kinder Morgan
KMI
$70.8B
| $35.3M | 0.04% |
1,526,045
+1,498,715
| +5,484% | +$31.8M |
|
331
Reliance Steel & Aluminium
RS
$21B
| $35.1M | 0.04% |
486,858
-232,917
| -32% | -$17.5M |
|
|
FLIR
332
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $35M | 0.04% |
+1,113,522
| New | +$35.1M |
|
|
NSA
333
DELISTED
National Storage Affiliates Trust
NSA
| $34.3M | 0.04% |
1,636,775
+497,659
| +44% | +$10.4M |
|
|
MRO
334
DELISTED
Marathon Oil Corporation
MRO
| $34.1M | 0.04% |
2,155,301
-171,984
| -7% | -$2.55M |
|
|
GNMK
335
DELISTED
GenMark Diagnostics, Inc
GNMK
| $34M | 0.04% |
2,880,503
-173,237
| -6% | -$1.67M |
|
336
Clearway Energy Class C
CWEN
$4.86B
| $33.8M | 0.04% |
1,992,522
-123,224
| -6% | -$2.12M |
|
337
Southern Company
SO
$110B
| $33.6M | 0.04% |
+655,213
| New | +$34.5M |
|
338
Lockheed Martin
LMT
$134B
| $33.4M | 0.04% |
139,137
+790
| +0.6% | +$198K |
|
|
MYCC
339
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $32.9M | 0.04% |
2,275,780
+1,061,109
| +87% | +$15.5M |
|
|
MON
340
DELISTED
Monsanto Co
MON
| $32.8M | 0.04% |
320,807
-395,227
| -55% | -$41.5M |
|
|
NXTM
341
DELISTED
NxStage Medical Inc.
NXTM
| $32.6M | 0.04% |
1,306,487
-208,990
| -14% | -$4.87M |
|
|
RAX
342
DELISTED
Rackspace Hosting Inc
RAX
| $32.6M | 0.04% |
+1,030,061
| New | +$28.4M |
|
343
Cheniere Energy
CQP
$30.8B
| $32.4M | 0.03% |
1,105,841
+36,543
| +3% | +$1.01M |
|
344
Duke Energy
DUK
$102B
| $32.3M | 0.03% |
+403,076
| New | +$33.4M |
|
|
PPL
345
PPL Corp
PPL
$27.3B
| $32.2M | 0.03% |
930,302
-1,148,570
| -55% | -$41.3M |
|
346
Constellium
CSTM
$3.94B
| $32.1M | 0.03% |
4,464,711
-389,983
| -8% | -$2.34M |
|
347
IMAX
IMAX
$2.57B
| $31.5M | 0.03% |
1,088,355
-55,215
| -5% | -$1.68M |
|
|
MDCO
348
DELISTED
Medicines Co
MDCO
| $31.4M | 0.03% |
832,646
-10,426
| -1% | -$393K |
|
|
EQGP
349
DELISTED
EQGP Holdings, LP
EQGP
| $31M | 0.03% |
1,235,385
-512,078
| -29% | -$13.1M |
|
350
Core Laboratories
CLB
$497M
| $30.9M | 0.03% |
274,764
+3,377
| +1% | +$389K |
|
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.