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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 14.7% |
| 3 | Technology | 12.89% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Eversource Energy
ES
$27.8B
| $37.2M | 0.03% |
736,711
-559,317
| -43% | -$29.4M |
|
|
XIFR
377
XPLR Infrastructure LP
XIFR
$1.12B
| $37.2M | 0.03% |
847,884
+16,741
| +2% | +$666K |
|
378
Canadian Natural Resources
CNQ
$98.6B
| $36.9M | 0.03% |
2,485,015
+38,705
| +2% | +$554K |
|
|
TERP
379
DELISTED
TerraForm Power, Inc
TERP
| $36.6M | 0.03% |
+1,002,972
| New | +$33M |
|
380
Darling Ingredients
DAR
$9.69B
| $36.1M | 0.03% |
2,578,046
-104,591
| -4% | -$1.72M |
|
381
Cogent Communications
CCOI
$663M
| $36.1M | 0.03% |
1,022,169
-30,442
| -3% | -$1.11M |
|
|
PPO
382
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $36.1M | 0.03% |
612,277
+27,398
| +5% | +$1.42M |
|
|
QTS
383
DELISTED
QTS REALTY TRUST, INC.
QTS
| $35.9M | 0.03% |
+986,216
| New | +$36.5M |
|
384
OGE Energy
OGE
$9.76B
| $35.2M | 0.03% |
1,113,213
-530,011
| -32% | -$17.8M |
|
385
Power Integrations
POWI
$3.39B
| $35M | 0.03% |
1,344,718
-609,068
| -31% | -$16.4M |
|
386
DaVita
DVA
$15.3B
| $35M | 0.03% |
+430,577
| New | +$33M |
|
387
Neurocrine Biosciences
NBIX
$18.7B
| $34.5M | 0.03% |
869,668
-12,487
| -1% | -$447K |
|
|
TBI
388
Trueblue
TBI
$222M
| $33.5M | 0.03% |
1,377,145
+295,324
| +27% | +$6.64M |
|
|
PINC
389
DELISTED
Premier
PINC
| $33.2M | 0.03% |
883,831
-376,463
| -30% | -$13.1M |
|
|
TFM
390
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $33M | 0.03% |
812,824
+32,246
| +4% | +$1.26M |
|
|
DFRG
391
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $33M | 0.03% |
1,636,923
-30,396
| -2% | -$612K |
|
|
GLDD
392
DELISTED
Great Lakes Dredge & Dock
GLDD
| $32.9M | 0.03% |
5,478,900
+14,966
| +0.3% | +$106K |
|
393
Benchmark Electronics
BHE
$2.85B
| $32.8M | 0.03% |
1,363,250
-8,410
| -0.6% | -$201K |
|
|
XENT
394
DELISTED
Intersect ENT, Inc
XENT
| $32.6M | 0.03% |
1,263,273
+1,229,250
| +3,613% | +$28.1M |
|
395
Wheaton Precious Metals
WPM
$51.5B
| $31.9M | 0.03% |
1,677,930
+24,793
| +1% | +$527K |
|
|
IPXL
396
DELISTED
Impax Laboratories, Inc.
IPXL
| $31.6M | 0.03% |
673,653
-655,277
| -49% | -$26.1M |
|
397
Eastman Chemical
EMN
$8.01B
| $31.3M | 0.03% |
451,533
-1,048,936
| -70% | -$75.7M |
|
|
BMS
398
DELISTED
Bemis
BMS
| $31.2M | 0.03% |
+673,873
| New | +$31.3M |
|
399
NN Inc
NNBR
$257M
| $30.3M | 0.03% |
1,206,915
+419,593
| +53% | +$10M |
|
400
Korea Electric Power
KEP
$15.5B
| $30.2M | 0.03% |
1,473,892
-1,173,309
| -44% | -$23.2M |
|
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Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.