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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.7% |
| 2 | Consumer Discretionary | 17.46% |
| 3 | Healthcare | 13.37% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Guidewire Software
GWRE
$13.3B
| $29.9M | 0.03% |
605,510
-8,551
| -1% | -$479K |
|
352
United Parks & Resorts
PRKS
$2.21B
| $29.6M | 0.03% |
1,562,274
+42,298
| +3% | +$693K |
|
|
XENT
353
DELISTED
Intersect ENT, Inc
XENT
| $29.6M | 0.03% |
2,443,964
+22,786
| +0.9% | +$295K |
|
354
Clearway Energy Class C
CWEN
$4.9B
| $29.5M | 0.03% |
1,869,896
-122,626
| -6% | -$1.92M |
|
355
RPC Inc
RES
$1.14B
| $29.2M | 0.03% |
1,475,939
-195,620
| -12% | -$3.66M |
|
356
Steel Dynamics
STLD
$37.5B
| $29.2M | 0.03% |
821,748
-140,732
| -15% | -$4.43M |
|
357
Phillips 66
PSX
$82.5B
| $29M | 0.03% |
336,042
-14,652
| -4% | -$1.22M |
|
358
IMAX
IMAX
$2.59B
| $28.9M | 0.03% |
918,913
-169,442
| -16% | -$5.3M |
|
359
Walt Disney
DIS
$172B
| $28.4M | 0.03% |
272,397
-2,836,322
| -91% | -$277M |
|
360
Synchrony
SYF
$25.1B
| $28.1M | 0.03% |
775,315
-71,855
| -8% | -$2.29M |
|
|
MRO
361
DELISTED
Marathon Oil Corporation
MRO
| $28M | 0.03% |
1,618,457
-536,844
| -25% | -$8.62M |
|
362
Valero Energy
VLO
$88.7B
| $28M | 0.03% |
409,407
-19,462
| -5% | -$1.2M |
|
|
KITE
363
DELISTED
Kite Pharma, Inc.
KITE
| $27.9M | 0.03% |
622,607
+507,728
| +442% | +$24.9M |
|
|
FL
364
DELISTED
Foot Locker
FL
| $27.9M | 0.03% |
393,738
+275,276
| +232% | +$19.6M |
|
|
GWR
365
DELISTED
Genesee & Wyoming Inc.
GWR
| $27.8M | 0.03% |
399,985
+248,000
| +163% | +$17.7M |
|
366
Acadia Healthcare
ACHC
$3.01B
| $27.6M | 0.03% |
832,958
-452,717
| -35% | -$17.6M |
|
|
EQGP
367
DELISTED
EQGP Holdings, LP
EQGP
| $27.2M | 0.03% |
1,078,121
-157,264
| -13% | -$3.81M |
|
368
Wingstop
WING
$3.67B
| $27M | 0.03% |
912,588
+174,810
| +24% | +$5.13M |
|
|
RICE
369
DELISTED
Rice Energy Inc.
RICE
| $27M | 0.03% |
1,264,538
-110,732
| -8% | -$2.64M |
|
370
Ocular Therapeutix
OCUL
$1.85B
| $26.9M | 0.03% |
3,216,881
+212,360
| +7% | +$1.65M |
|
|
PFPT
371
DELISTED
Proofpoint, Inc.
PFPT
| $26.8M | 0.03% |
379,820
+5,279
| +1% | +$397K |
|
|
NEE.PRR
372
DELISTED
NextEra Energy, Inc.
NEE.PRR
| $26.8M | 0.03% |
547,699
+1,563
| +0.3% | +$76.7K |
|
|
CYBR
373
DELISTED
CyberArk
CYBR
| $26.8M | 0.03% |
589,527
+139,052
| +31% | +$6.78M |
|
|
PRTY
374
DELISTED
Party City Holdco Inc.
PRTY
| $26.7M | 0.03% |
1,881,100
+340,674
| +22% | +$5.54M |
|
375
Planet Fitness
PLNT
$4.43B
| $26.6M | 0.03% |
1,321,559
+469,566
| +55% | +$9.74M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.76B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.