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 | |
|---|---|---|---|---|---|---|
351
Wendy's
WEN
$1.4B
| $29.9M | 0.03% |
1,923,046
-71,912
| -4% | -$1.1M |
|
352
Newmont
NEM
$98.1B
| $29.1M | 0.03% |
775,107
+138,611
| +22% | +$5.03M |
|
353
Alcoa
AA
$11.7B
| $28.2M | 0.03% |
605,341
+289,128
| +91% | +$11.6M |
|
354
Cheniere Energy
CQP
$30.8B
| $28M | 0.03% |
970,929
-340,624
| -26% | -$9.84M |
|
355
Steel Dynamics
STLD
$36B
| $28M | 0.03% |
811,272
-47,509
| -6% | -$1.67M |
|
|
TVTY
356
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $27.9M | 0.03% |
683,431
-22,087
| -3% | -$856K |
|
357
Marathon Petroleum
MPC
$89.8B
| $27.8M | 0.03% |
496,525
-251,374
| -34% | -$13.5M |
|
|
QVCGA
358
DELISTED
QVC Group Inc Series A
QVCGA
| $27.5M | 0.03% |
+24,030
| New | +$27M |
|
359
Air Products & Chemicals
APD
$65.1B
| $27.3M | 0.03% |
180,580
+160
| +0.1% | +$23.4K |
|
360
Wingstop
WING
$3.76B
| $27.2M | 0.03% |
819,264
-15,560
| -2% | -$506K |
|
|
ONCE
361
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $27.2M | 0.03% |
+305,506
| New | +$23.2M |
|
362
White Mountains Insurance
WTM
$5.45B
| $26.8M | 0.03% |
31,313
-38,604
| -55% | -$33.2M |
|
363
Prothena Corp
PRTA
$463M
| $26.6M | 0.03% |
410,718
-1,185
| -0.3% | -$72.6K |
|
|
PRTY
364
DELISTED
Party City Holdco Inc.
PRTY
| $26.5M | 0.03% |
1,956,323
+3,436
| +0.2% | +$49K |
|
365
Tenaris
TS
$28.7B
| $26.4M | 0.03% |
933,609
+62,120
| +7% | +$1.81M |
|
366
Q2 Holdings
QTWO
$3.6B
| $26.4M | 0.03% |
632,866
+1,385
| +0.2% | +$54.2K |
|
|
GWR
367
DELISTED
Genesee & Wyoming Inc.
GWR
| $26.1M | 0.03% |
353,061
-76,382
| -18% | -$5.22M |
|
|
X
368
DELISTED
US Steel
X
| $26.1M | 0.03% |
1,016,750
+77,905
| +8% | +$1.91M |
|
369
United Parcel Service
UPS
$97.1B
| $25.9M | 0.03% |
+215,812
| New | +$24.5M |
|
|
NEWR
370
DELISTED
New Relic, Inc.
NEWR
| $25.8M | 0.03% |
517,930
+746
| +0.1% | +$35.2K |
|
|
ROIC
371
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $25.5M | 0.03% |
1,341,603
+60,261
| +5% | +$1.2M |
|
|
IMMU
372
DELISTED
Immunomedics Inc
IMMU
| $25.3M | 0.03% |
1,811,719
+726,723
| +67% | +$7.24M |
|
373
TJX Companies
TJX
$173B
| $25.3M | 0.03% |
686,044
-334,294
| -33% | -$11.9M |
|
374
Valero Energy
VLO
$89.3B
| $25.1M | 0.03% |
325,843
-18,871
| -5% | -$1.3M |
|
375
Prestige Consumer Healthcare
PBH
$2.41B
| $24.9M | 0.03% |
497,621
+87,590
| +21% | +$4.47M |
|
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.