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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Prestige Consumer Healthcare
PBH
$2.45B
| $26.2M | 0.03% |
542,306
+24,532
| +5% | +$1.24M |
|
377
Veeva Systems
VEEV
$32.7B
| $25.3M | 0.03% |
613,643
-453,180
| -42% | -$17.6M |
|
378
Coca-Cola Europacific Partners
CCEP
$49.3B
| $25.1M | 0.03% |
630,236
-1,093,007
| -63% | -$41.7M |
|
379
Moelis & Co
MC
$5.1B
| $25.1M | 0.03% |
931,900
-304,014
| -25% | -$7.81M |
|
|
NUVA
380
DELISTED
NuVasive, Inc.
NUVA
| $24.8M | 0.03% |
372,158
+18,785
| +5% | +$1.2M |
|
381
Eldorado Gold
EGO
$8.4B
| $24.8M | 0.03% |
1,258,979
-32,891
| -3% | -$679K |
|
382
Surgery Partners
SGRY
$2.04B
| $24.7M | 0.03% |
1,218,783
-75,894
| -6% | -$1.39M |
|
383
B2Gold
BTG
$5.12B
| $24.5M | 0.03% |
9,355,060
-1,977,820
| -17% | -$5.88M |
|
384
Prothena Corp
PRTA
$448M
| $24.5M | 0.03% |
407,907
-2,210
| -0.5% | -$119K |
|
385
Cadence Design Systems
CDNS
$95.1B
| $24.2M | 0.03% |
948,453
-113,219
| -11% | -$2.83M |
|
|
STKL
386
DELISTED
SunOpta
STKL
| $24.1M | 0.03% |
3,413,429
-898,802
| -21% | -$5.45M |
|
387
Steel Dynamics
STLD
$37.5B
| $24.1M | 0.03% |
962,480
+319,072
| +50% | +$8.15M |
|
|
TSRO
388
DELISTED
TESARO, Inc.
TSRO
| $24M | 0.03% |
239,196
-570,928
| -70% | -$53.3M |
|
389
Synchrony
SYF
$25.1B
| $23.7M | 0.03% |
847,170
-549,352
| -39% | -$15.1M |
|
390
CNX Resources
CNX
$4.84B
| $23.1M | 0.02% |
1,445,124
-154,567
| -10% | -$2.28M |
|
|
AET
391
CALL
DELISTED
Aetna Inc
AET
| $23.1M | 0.02% |
200,000
| – | – |
|
|
NVDQ
392
DELISTED
Novadaq Technologies Inc.
NVDQ
| $23M | 0.02% |
1,991,550
-1,150,741
| -37% | -$12.5M |
|
393
Eagle Bancorp
EGBN
$866M
| $23M | 0.02% |
465,903
-56,342
| -11% | -$2.83M |
|
394
HDFC Bank
HDB
$121B
| $22.9M | 0.02% |
1,272,112
+450,900
| +55% | +$7.92M |
|
395
Valero Energy
VLO
$88.7B
| $22.7M | 0.02% |
428,869
-32,782
| -7% | -$1.75M |
|
|
GPOR
396
DELISTED
Gulfport Energy Corp.
GPOR
| $22.5M | 0.02% |
796,173
-62,699
| -7% | -$1.79M |
|
|
CYBR
397
DELISTED
CyberArk
CYBR
| $22.3M | 0.02% |
450,475
-249,851
| -36% | -$13.3M |
|
|
SPN
398
DELISTED
Superior Energy Services, Inc.
SPN
| $22.3M | 0.02% |
124,382
-9,808
| -7% | -$1.64M |
|
|
SLCA
399
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $21.9M | 0.02% |
470,063
+192,445
| +69% | +$7.5M |
|
400
Wingstop
WING
$3.67B
| $21.6M | 0.02% |
737,778
+156,935
| +27% | +$4.54M |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.