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 |
Microsoft
MSFT
|
+$424M |
| 2 |
Bath & Body Works
BBWI
|
+$342M |
| 3 |
Home Depot
HD
|
+$259M |
| 4 |
GE Aerospace
GE
|
+$247M |
| 5 |
Palo Alto Networks
PANW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$917M |
| 2 |
ARMH
ARM HOLDINGS PLC ADS
ARMH
|
+$396M |
| 3 |
Citigroup
C
|
+$377M |
| 4 |
Sherwin-Williams
SHW
|
+$292M |
| 5 |
Starbucks
SBUX
|
+$260M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.46% |
| 2 | Healthcare | 16.66% |
| 3 | Communication Services | 14.21% |
| 4 | Technology | 13.93% |
| 5 | Financials | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Pembina Pipeline
PBA
$29.3B
| $32.4M | 0.03% |
1,202,099
+234,255
| +24% | +$5.46M |
|
|
MDCO
352
DELISTED
Medicines Co
MDCO
| $31.5M | 0.03% |
991,608
+71,225
| +8% | +$2.33M |
|
353
Liberty Global Class C
LBTYK
$3.5B
| $31.3M | 0.03% |
960,107
-236,561
| -20% | -$7.2M |
|
|
AXE
354
DELISTED
Anixter International Inc
AXE
| $31.2M | 0.03% |
599,493
+29,381
| +5% | +$1.38M |
|
355
Valero Energy
VLO
$89.5B
| $31M | 0.03% |
483,872
+468,994
| +3,152% | +$29.8M |
|
356
Travere Therapeutics
TVTX
$5.17B
| $30.9M | 0.03% |
2,265,108
-78,551
| -3% | -$1.19M |
|
|
NSA
357
DELISTED
National Storage Affiliates Trust
NSA
| $30.9M | 0.03% |
1,459,198
+2,109
| +0.1% | +$37.8K |
|
358
Guidewire Software
GWRE
$13.9B
| $30.7M | 0.03% |
564,129
+53,138
| +10% | +$2.78M |
|
359
Lockheed Martin
LMT
$131B
| $30.6M | 0.03% |
138,307
+137,257
| +13,072% | +$29.5M |
|
|
INN
360
Summit Hotel Properties
INN
$766M
| $30.6M | 0.03% |
2,558,776
+400,187
| +19% | +$4.26M |
|
361
Cheniere Energy
CQP
$30.5B
| $30.3M | 0.03% |
1,050,412
+133,575
| +15% | +$3.34M |
|
|
TBI
362
Trueblue
TBI
$227M
| $30.2M | 0.03% |
1,154,096
+50,482
| +5% | +$1.17M |
|
|
PINC
363
DELISTED
Premier
PINC
| $30M | 0.03% |
899,898
+6,251
| +0.7% | +$203K |
|
364
Rio Tinto
RIO
$152B
| $29.8M | 0.03% |
1,054,315
-242,701
| -19% | -$6.46M |
|
|
TFCFA
365
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $29.8M | 0.03% |
1,068,600
-7,479
| -0.7% | -$200K |
|
|
BECN
366
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $29.7M | 0.03% |
724,528
-101,189
| -12% | -$3.85M |
|
367
Benchmark Electronics
BHE
$2.66B
| $29.7M | 0.03% |
1,287,814
-45,247
| -3% | -$955K |
|
|
CEB
368
DELISTED
CEB Inc.
CEB
| $29.5M | 0.03% |
455,451
-214,012
| -32% | -$12.3M |
|
369
Tempest Therapeutics
TPST
$14.3M
| $29.3M | 0.03% |
1,056
+205
| +24% | +$4.33M |
|
|
DM
370
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $28.9M | 0.03% |
856,297
-135,839
| -14% | -$4.03M |
|
371
Varonis Systems
VRNS
$4.67B
| $28.7M | 0.03% |
4,715,589
+1,896,210
| +67% | +$11.2M |
|
|
SEMG
372
DELISTED
SEMGROUP CORPORATION
SEMG
| $28.5M | 0.03% |
1,271,510
+110,099
| +9% | +$2.27M |
|
|
ANAC
373
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $27.1M | 0.03% |
507,404
+268,916
| +113% | +$19.9M |
|
374
Flowserve
FLS
$8.94B
| $26.8M | 0.03% |
603,382
-807,080
| -57% | -$33.3M |
|
375
Constellium
CSTM
$3.76B
| $26.8M | 0.03% |
5,157,996
-607,826
| -11% | -$3.49M |
|
Similar funds
Jennison Associates's Q1 2016 Portfolio in Review
As of Q1 2016, Jennison Associates held 710 positions worth $95.3B, down 6.5% from $102B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q1 2016 filing shows 56 new, 303 increased, 241 reduced and 102 closed positions. Its largest new stake was Procter & Gamble: 1,657,581 shares worth $136M. The largest sale was LinkedIn Corporation, an estimated $917M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Communication Services.
- Jennison Associates's largest Q1 2016 buy was Procter & Gamble: 1,657,581 shares worth $136M.
- Jennison Associates added most to Microsoft in Q1 2016, an estimated $424M increase.
- Jennison Associates's biggest Q1 2016 reduction was LinkedIn Corporation, cutting an estimated $917M.
- Jennison Associates fully exited Sherwin-Williams in Q1 2016, selling an estimated $292M.
- Jennison Associates's ten largest holdings make up 24% of its $95.3B portfolio in Q1 2016.
- Jennison Associates opened 56 new positions and closed 102 in Q1 2016.
- Jennison Associates's portfolio value fell 6.5% quarter-over-quarter to $95.3B.
Based on Jennison Associates's 13F filing for Q1 2016, filed 3 May 2016.