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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Consumer Discretionary | 17.37% |
| 3 | Healthcare | 13.5% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Guidewire Software
GWRE
$12.4B
| $27.9M | 0.03% |
495,114
-110,396
| -18% | -$6.04M |
|
|
TAHO
377
DELISTED
Tahoe Resources Inc
TAHO
| $27.9M | 0.03% |
3,473,895
-107,529
| -3% | -$927K |
|
|
EQGP
378
DELISTED
EQGP Holdings, LP
EQGP
| $27.8M | 0.03% |
1,014,034
-64,087
| -6% | -$1.75M |
|
379
Synchrony
SYF
$24.5B
| $27.4M | 0.03% |
799,018
+23,703
| +3% | +$850K |
|
380
Hershey
HSY
$36.6B
| $27.2M | 0.03% |
248,781
+246,510
| +10,855% | +$26.4M |
|
|
OA
381
DELISTED
Orbital ATK, Inc.
OA
| $26.5M | 0.03% |
270,587
-95,292
| -26% | -$8.81M |
|
|
AMT.PRB
382
DELISTED
American Tower Corporation
AMT.PRB
| $26.2M | 0.03% |
234,947
-242,126
| -51% | -$25.5M |
|
383
Integra LifeSciences
IART
$1.52B
| $26.2M | 0.03% |
+621,224
| New | +$26.5M |
|
|
EVHC
384
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $26.1M | 0.03% |
425,482
-354,048
| -45% | -$23.7M |
|
|
OKS
385
DELISTED
Oneok Partners LP
OKS
| $26M | 0.03% |
482,450
-27,139
| -5% | -$1.36M |
|
386
Constellium
CSTM
$4.02B
| $26M | 0.03% |
3,999,318
+111,649
| +3% | +$797K |
|
387
Louisiana-Pacific
LPX
$5.19B
| $25.5M | 0.03% |
1,028,148
-645,321
| -39% | -$14.3M |
|
|
PFPT
388
DELISTED
Proofpoint, Inc.
PFPT
| $25.5M | 0.03% |
342,394
-37,426
| -10% | -$2.98M |
|
|
BRCD
389
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $25.1M | 0.03% |
2,009,060
-918,383
| -31% | -$11.4M |
|
390
MPLX
MPLX
$59.2B
| $25M | 0.03% |
694,199
+220,568
| +47% | +$8.13M |
|
391
HubSpot
HUBS
$11.4B
| $24.7M | 0.03% |
407,898
+64,855
| +19% | +$3.67M |
|
392
Valero Energy
VLO
$90.5B
| $24.7M | 0.03% |
372,226
-37,181
| -9% | -$2.49M |
|
393
RPC Inc
RES
$1.21B
| $24.7M | 0.03% |
1,347,317
-128,622
| -9% | -$2.6M |
|
394
Advanced Micro Devices
AMD
$807B
| $24.7M | 0.03% |
+1,695,313
| New | +$21.5M |
|
395
Plains GP Holdings
PAGP
$5.16B
| $24.5M | 0.03% |
784,686
+87,286
| +13% | +$2.84M |
|
|
NFX
396
DELISTED
Newfield Exploration
NFX
| $24.5M | 0.03% |
662,774
-283,152
| -30% | -$11M |
|
|
INN
397
Summit Hotel Properties
INN
$748M
| $24.4M | 0.03% |
1,527,362
-4,798
| -0.3% | -$75.6K |
|
398
Occidental Petroleum
OXY
$54.6B
| $24.3M | 0.03% |
384,069
-1,950,308
| -84% | -$130M |
|
399
Reliance Steel & Aluminium
RS
$20.6B
| $24.3M | 0.03% |
303,175
-6,904
| -2% | -$567K |
|
400
BHP
BHP
$213B
| $24.2M | 0.03% |
745,617
+22,034
| +3% | +$761K |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.47B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.