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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.09% |
| 2 | Healthcare | 16.64% |
| 3 | Technology | 14.97% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Wheaton Precious Metals
WPM
$50.6B
| $25.3M | 0.03% |
1,077,052
-45,853
| -4% | -$884K |
|
377
Eagle Bancorp
EGBN
$867M
| $25.1M | 0.03% |
522,245
-6,951
| -1% | -$342K |
|
|
SPN
378
DELISTED
Superior Energy Services, Inc.
SPN
| $24.7M | 0.03% |
134,190
-5,973
| -4% | -$976K |
|
|
AET
379
CALL
DELISTED
Aetna Inc
AET
| $24.4M | 0.03% |
+200,000
| New | +$23M |
|
380
Ultragenyx Pharmaceutical
RARE
$2.65B
| $24.4M | 0.03% |
498,041
-86,706
| -15% | -$5.61M |
|
|
VRNT
381
DELISTED
Verint Systems
VRNT
| $24.2M | 0.03% |
+1,435,840
| New | +$24.9M |
|
|
BECN
382
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $24.2M | 0.03% |
532,359
-192,169
| -27% | -$8.27M |
|
|
PNK
383
DELISTED
Pinnacle Entertainment Inc.
PNK
| $24.1M | 0.03% |
2,171,564
-616,564
| -22% | -$11.9M |
|
|
VISN
384
Vistance Networks Inc
VISN
$2.66B
| $23.9M | 0.03% |
770,199
+87,739
| +13% | +$2.6M |
|
|
ORBC
385
DELISTED
ORBCOMM, Inc.
ORBC
| $23.9M | 0.03% |
2,401,564
-2,566,330
| -52% | -$24.8M |
|
386
Designer Brands
DBI
$277M
| $23.9M | 0.03% |
1,127,689
-2,419,657
| -68% | -$55.7M |
|
|
NSA
387
DELISTED
National Storage Affiliates Trust
NSA
| $23.7M | 0.03% |
1,139,116
-320,082
| -22% | -$6.65M |
|
388
Valero Energy
VLO
$89.8B
| $23.5M | 0.03% |
461,651
-22,221
| -5% | -$1.26M |
|
389
Prosperity Bancshares
PB
$8.77B
| $23.5M | 0.03% |
461,255
-11,615
| -2% | -$584K |
|
|
ROIC
390
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $23.5M | 0.03% |
1,082,585
-19,021
| -2% | -$385K |
|
391
Surgery Partners
SGRY
$2.06B
| $23.2M | 0.03% |
1,294,677
-130,342
| -9% | -$1.94M |
|
|
PRTY
392
DELISTED
Party City Holdco Inc.
PRTY
| $23M | 0.03% |
1,653,003
+30,755
| +2% | +$424K |
|
|
VTLE
393
DELISTED
Vital Energy
VTLE
| $22.8M | 0.03% |
108,861
-95,886
| -47% | -$21.1M |
|
394
Constellium
CSTM
$3.96B
| $22.8M | 0.03% |
4,854,694
-303,302
| -6% | -$1.56M |
|
|
GLDD
395
DELISTED
Great Lakes Dredge & Dock
GLDD
| $22M | 0.02% |
5,055,589
-30,554
| -0.6% | -$138K |
|
|
TBI
396
Trueblue
TBI
$234M
| $21.5M | 0.02% |
1,135,539
-18,557
| -2% | -$387K |
|
397
CNX Resources
CNX
$4.85B
| $21.4M | 0.02% |
1,599,691
-71,056
| -4% | -$831K |
|
398
Air Products & Chemicals
APD
$66.3B
| $21.4M | 0.02% |
163,159
-8,529
| -5% | -$1.14M |
|
|
NUVA
399
DELISTED
NuVasive, Inc.
NUVA
| $21.1M | 0.02% |
353,373
-5,983
| -2% | -$323K |
|
|
CWEN.A
400
DELISTED
Clearway Energy Class A
CWEN.A
| $21M | 0.02% |
1,382,320
-1,287,685
| -48% | -$18.6M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $4.67B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 20% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.