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 | |
|---|---|---|---|---|---|---|
351
Benchmark Electronics
BHE
$2.76B
| $30.7M | 0.03% |
1,231,009
-136,982
| -10% | -$3.24M |
|
|
INVX
352
Innovex International
INVX
$1.79B
| $30.4M | 0.03% |
545,514
-80,746
| -13% | -$4.5M |
|
353
Southern Copper
SCCO
$140B
| $30.3M | 0.03% |
1,242,696
-95,658
| -7% | -$2.31M |
|
354
Criteo
CRTO
$1.06B
| $30.1M | 0.03% |
858,195
+193,171
| +29% | +$7.65M |
|
355
Texas Roadhouse
TXRH
$13.5B
| $29.8M | 0.03% |
763,233
-540,326
| -41% | -$24.2M |
|
|
PGTI
356
DELISTED
PGT, Inc.
PGTI
| $29.6M | 0.03% |
+2,770,816
| New | +$31.9M |
|
|
VWR
357
DELISTED
VWR Corporation
VWR
| $29.3M | 0.03% |
1,032,274
+894,901
| +651% | +$25.9M |
|
|
VRNT
358
DELISTED
Verint Systems
VRNT
| $29.3M | 0.03% |
1,526,472
+90,632
| +6% | +$1.63M |
|
359
Dorman Products
DORM
$4.28B
| $28.8M | 0.03% |
450,408
+1,439
| +0.3% | +$88.5K |
|
360
Monolithic Power Systems
MPWR
$63B
| $28.5M | 0.03% |
354,594
-97,127
| -22% | -$7.18M |
|
361
Phillips 66
PSX
$82.5B
| $28.2M | 0.03% |
350,694
-238,324
| -40% | -$18.5M |
|
362
RPC Inc
RES
$1.14B
| $28.1M | 0.03% |
1,671,559
-25,618
| -2% | -$389K |
|
|
PFPT
363
DELISTED
Proofpoint, Inc.
PFPT
| $28M | 0.03% |
374,541
-41,933
| -10% | -$3.1M |
|
364
AstraZeneca
AZN
$267B
| $27.9M | 0.03% |
425,196
-2,400
| -0.6% | -$157K |
|
|
INN
365
Summit Hotel Properties
INN
$743M
| $27.6M | 0.03% |
2,098,914
-532,975
| -20% | -$7.38M |
|
|
JNPR
366
DELISTED
Juniper Networks
JNPR
| $27.5M | 0.03% |
1,143,394
-129,584
| -10% | -$3M |
|
|
NEE.PRR
367
DELISTED
NextEra Energy, Inc.
NEE.PRR
| $27.2M | 0.03% |
+546,136
| New | +$27.4M |
|
|
DNKN
368
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $27.1M | 0.03% |
+520,994
| New | +$24.7M |
|
369
Wheaton Precious Metals
WPM
$49.8B
| $26.9M | 0.03% |
996,497
-80,555
| -7% | -$2.22M |
|
|
PINC
370
DELISTED
Premier
PINC
| $26.9M | 0.03% |
831,535
-98,442
| -11% | -$3.19M |
|
|
VISN
371
Vistance Networks Inc
VISN
$2.67B
| $26.7M | 0.03% |
887,867
+117,668
| +15% | +$3.55M |
|
372
Air Products & Chemicals
APD
$65.2B
| $26.6M | 0.03% |
191,119
+27,960
| +17% | +$3.88M |
|
|
VTLE
373
DELISTED
Vital Energy
VTLE
| $26.4M | 0.03% |
102,316
-6,545
| -6% | -$1.49M |
|
|
PRTY
374
DELISTED
Party City Holdco Inc.
PRTY
| $26.4M | 0.03% |
1,540,426
-112,577
| -7% | -$1.87M |
|
375
G-III Apparel Group
GIII
$1.55B
| $26.3M | 0.03% |
901,930
-797,494
| -47% | -$31.3M |
|
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.