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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.96% |
| 2 | Healthcare | 15.31% |
| 3 | Consumer Discretionary | 14.83% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
MPLX
MPLX
$59.5B
| $33.9M | 0.03% |
969,445
+165,502
| +21% | +$5.72M |
|
327
Criteo
CRTO
$1.03B
| $33.5M | 0.03% |
806,722
+40,422
| +5% | +$1.93M |
|
|
VTLE
328
DELISTED
Vital Energy
VTLE
| $33.4M | 0.03% |
129,123
-10,563
| -8% | -$2.56M |
|
329
TechnipFMC
FTI
$30.6B
| $33.3M | 0.03% |
1,600,720
-118,032
| -7% | -$2.37M |
|
|
PLYA
330
DELISTED
Playa Hotels & Resorts
PLYA
| $33.1M | 0.03% |
3,172,803
-100,029
| -3% | -$1.13M |
|
331
Thermo Fisher Scientific
TMO
$211B
| $32.9M | 0.03% |
173,710
-59,008
| -25% | -$10.7M |
|
332
Devon Energy
DVN
$51.9B
| $32.8M | 0.03% |
893,093
+12,517
| +1% | +$406K |
|
333
Coca-Cola
KO
$354B
| $32.6M | 0.03% |
724,733
+409,139
| +130% | +$18.6M |
|
|
NATI
334
DELISTED
National Instruments Corp
NATI
| $32.6M | 0.03% |
772,301
-28,841
| -4% | -$1.17M |
|
335
Enerpac Tool Group
EPAC
$1.77B
| $32.4M | 0.03% |
1,267,133
-92,561
| -7% | -$2.26M |
|
|
WPZ
336
DELISTED
Williams Partners L.P.
WPZ
| $32M | 0.03% |
822,496
+131,152
| +19% | +$5.18M |
|
337
Texas Roadhouse
TXRH
$12.7B
| $32M | 0.03% |
650,848
-4,722
| -0.7% | -$230K |
|
338
CoreCivic
CXW
$3.1B
| $31.3M | 0.03% |
1,167,911
+111,471
| +11% | +$2.96M |
|
|
HMHC
339
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $30.7M | 0.03% |
2,544,997
+648,585
| +34% | +$7.3M |
|
|
CSRA
340
DELISTED
CSRA Inc.
CSRA
| $30.6M | 0.03% |
949,552
-31,919
| -3% | -$1.03M |
|
341
Benchmark Electronics
BHE
$2.91B
| $30.5M | 0.03% |
894,110
-33,022
| -4% | -$1.08M |
|
342
Biogen
BIIB
$29.9B
| $30.5M | 0.03% |
97,414
-26,284
| -21% | -$7.78M |
|
|
PFPT
343
DELISTED
Proofpoint, Inc.
PFPT
| $30.4M | 0.03% |
348,529
+732
| +0.2% | +$65.1K |
|
344
Natera
NTRA
$37.5B
| $30.3M | 0.03% |
2,351,807
-4,539
| -0.2% | -$50.4K |
|
345
IPG Photonics
IPGP
$3.89B
| $30.3M | 0.03% |
163,609
-444,411
| -73% | -$73.8M |
|
|
PINC
346
DELISTED
Premier
PINC
| $30.1M | 0.03% |
923,183
+211,079
| +30% | +$7.16M |
|
347
Mueller Water Products
MWA
$3.92B
| $30.1M | 0.03% |
2,348,643
+729,104
| +45% | +$8.66M |
|
348
Moelis & Co
MC
$4.98B
| $30.1M | 0.03% |
698,243
+871
| +0.1% | +$34.8K |
|
349
RPC Inc
RES
$1.24B
| $29.9M | 0.03% |
1,207,427
-69,999
| -5% | -$1.45M |
|
|
JNPR
350
DELISTED
Juniper Networks
JNPR
| $29.9M | 0.03% |
1,075,170
-37,314
| -3% | -$1.04M |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.38B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.