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 | |
|---|---|---|---|---|---|---|
376
HUB Group
HUBG
$2.92B
| $33M | 0.03% |
1,680,038
+473,574
| +39% | +$9M |
|
377
Sprouts Farmers Market
SFM
$7.44B
| $32.7M | 0.03% |
+736,476
| New | +$29.2M |
|
|
AMRN
378
Amarin Corp
AMRN
$297M
| $32.4M | 0.03% |
256,171
-4,697
| -2% | -$563K |
|
|
UNS
379
DELISTED
UNS ENERGY CORP COM
UNS
| $32M | 0.03% |
685,525
| – | – |
|
380
Travelers Companies
TRV
$81.1B
| $31.7M | 0.03% |
373,636
-1,564
| -0.4% | -$129K |
|
|
I
381
DELISTED
INTELSAT S. A.
I
| $31.6M | 0.03% |
1,317,193
+117,193
| +10% | +$2.69M |
|
382
Dorman Products
DORM
$4.22B
| $31.6M | 0.03% |
+637,736
| New | +$31.3M |
|
|
PPL
383
PPL Corp
PPL
$26.9B
| $31M | 0.03% |
1,097,168
| – | – |
|
|
EXXI
384
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $30.9M | 0.03% |
1,024,768
-694,147
| -40% | -$18.6M |
|
385
IMAX
IMAX
$2.67B
| $30.9M | 0.03% |
1,022,526
+11,328
| +1% | +$305K |
|
|
IRF
386
DELISTED
INTL RECTIFIER CORP
IRF
| $30.7M | 0.03% |
1,240,847
+4,965
| +0.4% | +$120K |
|
|
TMH
387
DELISTED
Team Health Holdings Inc
TMH
| $30.4M | 0.03% |
800,544
-218,690
| -21% | -$8.57M |
|
388
Edison International
EIX
$30.3B
| $30.3M | 0.03% |
656,907
-392,151
| -37% | -$18.5M |
|
389
Crane NXT
CXT
$2.99B
| $30.2M | 0.03% |
1,410,385
+278,270
| +25% | +$5.91M |
|
390
Ameren
AEE
$30.4B
| $30.2M | 0.03% |
866,682
| – | – |
|
|
EXAS
391
DELISTED
Exact Sciences
EXAS
| $29.5M | 0.03% |
2,495,268
+91,302
| +4% | +$1.17M |
|
|
ALTR
392
DELISTED
Altera Corp
ALTR
| $29.1M | 0.03% |
+782,273
| New | +$28.1M |
|
|
PTLA
393
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $28.9M | 0.03% |
1,078,794
-6,980
| -0.6% | -$166K |
|
|
LMOS
394
DELISTED
Lumos Networks Corp
LMOS
| $28.5M | 0.03% |
1,317,306
-23,937
| -2% | -$429K |
|
395
Madrigal Pharmaceuticals
MDGL
$12.6B
| $27.7M | 0.03% |
125,364
+1,253
| +1% | +$267K |
|
|
JNPR
396
DELISTED
Juniper Networks
JNPR
| $27.6M | 0.03% |
1,391,393
-43,872
| -3% | -$904K |
|
397
SM Energy
SM
$7.6B
| $27.6M | 0.03% |
+357,458
| New | +$24.7M |
|
|
DBD
398
DELISTED
Diebold Nixdorf Incorporated
DBD
| $27.6M | 0.03% |
939,558
+445,323
| +90% | +$14M |
|
399
Bankunited
BKU
$3.33B
| $27.4M | 0.03% |
880,096
+189,194
| +27% | +$5.63M |
|
|
VR
400
DELISTED
Validus Hold Ltd
VR
| $27.1M | 0.03% |
733,560
-97,050
| -12% | -$3.43M |
|
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.