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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Consumer Discretionary | 17.37% |
| 3 | Healthcare | 13.5% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ZOES
326
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $36.5M | 0.04% |
1,972,378
-89,664
| -4% | -$1.83M |
|
327
Southern Copper
SCCO
$141B
| $36.3M | 0.04% |
1,090,039
-73,571
| -6% | -$2.49M |
|
328
Lockheed Martin
LMT
$134B
| $36M | 0.04% |
134,442
-35,511
| -21% | -$9.3M |
|
329
CoreCivic
CXW
$3.09B
| $35.9M | 0.04% |
1,143,386
-307,877
| -21% | -$9.41M |
|
330
Thermo Fisher Scientific
TMO
$208B
| $35.7M | 0.04% |
232,242
-51,072
| -18% | -$7.81M |
|
331
Wendy's
WEN
$1.39B
| $35.3M | 0.04% |
2,592,015
-576,230
| -18% | -$7.86M |
|
332
Owens Corning
OC
$11.6B
| $34.7M | 0.04% |
566,186
-106,727
| -16% | -$6.12M |
|
333
Moelis & Co
MC
$5.04B
| $34M | 0.04% |
883,949
-59,516
| -6% | -$2.16M |
|
334
Travere Therapeutics
TVTX
$5.27B
| $33.9M | 0.04% |
1,838,797
-287,097
| -14% | -$5.62M |
|
335
Ultragenyx Pharmaceutical
RARE
$2.65B
| $33.9M | 0.04% |
500,290
| – | – |
|
336
WEC Energy
WEC
$37.1B
| $33.6M | 0.04% |
554,058
-275,155
| -33% | -$16.2M |
|
|
MON
337
DELISTED
Monsanto Co
MON
| $33.5M | 0.04% |
296,205
+3,209
| +1% | +$355K |
|
|
B
338
Barrick Mining
B
$62.6B
| $33.5M | 0.04% |
1,764,907
-129,656
| -7% | -$2.39M |
|
339
NRG Energy
NRG
$28.8B
| $33.5M | 0.04% |
+1,791,492
| New | +$29.7M |
|
|
EPZM
340
DELISTED
Epizyme, Inc
EPZM
| $33.2M | 0.04% |
1,933,804
| – | – |
|
341
Clearway Energy Class C
CWEN
$5B
| $33.1M | 0.04% |
1,871,040
+1,144
| +0.1% | +$19.4K |
|
342
United Parks & Resorts
PRKS
$2.12B
| $33M | 0.04% |
1,807,274
+245,000
| +16% | +$4.56M |
|
|
RICE
343
DELISTED
Rice Energy Inc.
RICE
| $33M | 0.04% |
1,391,064
+126,526
| +10% | +$2.63M |
|
344
Curtiss-Wright
CW
$27.5B
| $32.8M | 0.04% |
359,790
-105,735
| -23% | -$10.2M |
|
345
Wayfair
W
$12.5B
| $32.7M | 0.04% |
807,590
-514,005
| -39% | -$20.3M |
|
346
Park Hotels & Resorts
PK
$3.03B
| $32.5M | 0.03% |
+1,266,843
| New | +$33.6M |
|
|
FL
347
DELISTED
Foot Locker
FL
| $32.4M | 0.03% |
433,639
+39,901
| +10% | +$2.88M |
|
|
JNPR
348
DELISTED
Juniper Networks
JNPR
| $32.3M | 0.03% |
1,160,467
+46,916
| +4% | +$1.31M |
|
|
FTRPR
349
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $32M | 0.03% |
649,966
-136,364
| -17% | -$8.87M |
|
350
Steel Dynamics
STLD
$36.1B
| $31.8M | 0.03% |
914,557
+92,809
| +11% | +$3.31M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.47B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.