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 | |
|---|---|---|---|---|---|---|
351
Devon Energy
DVN
$51.3B
| $37.9M | 0.04% |
655,985
+628,186
| +2,260% | +$35.9M |
|
352
Kroger
KR
$36.7B
| $37.8M | 0.04% |
+1,873,610
| New | +$36M |
|
353
Molson Coors Class B
TAP
$8.02B
| $37.7M | 0.04% |
752,429
| – | – |
|
354
Wheaton Precious Metals
WPM
$49.7B
| $37.6M | 0.04% |
1,518,843
-77,001
| -5% | -$1.83M |
|
|
HT
355
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $37.6M | 0.04% |
1,680,918
-479,452
| -22% | -$10.8M |
|
|
GWR
356
DELISTED
Genesee & Wyoming Inc.
GWR
| $37.3M | 0.04% |
401,196
+61,127
| +18% | +$5.52M |
|
|
ULTI
357
DELISTED
Ultimate Software Group Inc
ULTI
| $37.1M | 0.04% |
251,693
-153,511
| -38% | -$21.3M |
|
358
Western Midstream Partners
WES
$19.4B
| $37M | 0.04% |
993,830
+1,377
| +0.1% | +$54.2K |
|
|
PF
359
DELISTED
Pinnacle Foods, Inc.
PF
| $36.4M | 0.04% |
1,375,759
+459,301
| +50% | +$12M |
|
|
BRCD
360
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $36.3M | 0.04% |
4,512,096
+787,726
| +21% | +$5.64M |
|
|
UTX.PRA
361
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
| $36.3M | 0.04% |
560,000
| – | – |
|
|
CIR
362
DELISTED
CIRCOR International, Inc
CIR
| $36M | 0.04% |
578,344
-7,160
| -1% | -$411K |
|
363
Texas Roadhouse
TXRH
$13.7B
| $35.7M | 0.04% |
1,358,778
-45,350
| -3% | -$1.14M |
|
|
CVA
364
DELISTED
Covanta Holding Corporation
CVA
| $35.6M | 0.04% |
1,665,508
| – | – |
|
365
Zoetis
ZTS
$32.7B
| $35.2M | 0.04% |
1,130,628
| – | – |
|
|
HTSI
366
DELISTED
HARRIS TEETER SUPERMARKETS INC COM STK (NC)
HTSI
| $35.1M | 0.04% |
713,752
-476,113
| -40% | -$23.4M |
|
367
Teledyne Technologies
TDY
$29.2B
| $35M | 0.04% |
412,262
-58,961
| -13% | -$4.78M |
|
368
Amgen
AMGN
$209B
| $35M | 0.04% |
+312,323
| New | +$33.9M |
|
|
CNL
369
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $34.4M | 0.04% |
766,862
| – | – |
|
|
WBC
370
DELISTED
WABCO HOLDINGS INC.
WBC
| $34.2M | 0.04% |
+405,903
| New | +$32.5M |
|
371
Broadcom
AVGO
$1.76T
| $34.1M | 0.04% |
7,904,030
-86,891,140
| -92% | -$334M |
|
372
Prologis
PLD
$136B
| $33.7M | 0.04% |
896,774
-224,935
| -20% | -$8.48M |
|
373
Portland General Electric
POR
$5.82B
| $33.6M | 0.04% |
1,191,592
| – | – |
|
|
RPRX
374
DELISTED
Repros Therapeutics Inc.
RPRX
| $33.2M | 0.03% |
1,239,248
-1,043,868
| -46% | -$22.4M |
|
375
Huron Consulting
HURN
$2.71B
| $33M | 0.03% |
627,724
-75,161
| -11% | -$3.7M |
|
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.