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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.96% |
| 2 | Healthcare | 15.31% |
| 3 | Consumer Discretionary | 14.83% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INFN
376
DELISTED
Infinera Corporation Common Stock
INFN
| $24.7M | 0.03% |
2,790,041
-141,532
| -5% | -$1.36M |
|
|
HES
377
DELISTED
Hess
HES
| $24.5M | 0.03% |
523,188
-684,515
| -57% | -$29M |
|
|
BRSL
378
Brightstar Lottery PLC
BRSL
$1.94B
| $24.4M | 0.03% |
+994,632
| New | +$20.3M |
|
379
Johnson Controls International
JCI
$88.1B
| $24.3M | 0.02% |
+603,938
| New | +$24.4M |
|
|
CALD
380
DELISTED
Callidus Software, Inc.
CALD
| $24.2M | 0.02% |
982,133
+5,209
| +0.5% | +$127K |
|
381
MSC Industrial Direct
MSM
$7.04B
| $23.7M | 0.02% |
313,657
-598,344
| -66% | -$43.4M |
|
|
BOLD
382
DELISTED
Audentes Therapeutics, Inc
BOLD
| $23.6M | 0.02% |
844,060
-2,213
| -0.3% | -$48.1K |
|
|
EQGP
383
DELISTED
EQGP Holdings, LP
EQGP
| $23.5M | 0.02% |
812,454
-112,211
| -12% | -$3.18M |
|
|
EQM
384
DELISTED
EQM Midstream Partners, LP
EQM
| $23.3M | 0.02% |
310,246
+6,562
| +2% | +$494K |
|
|
INXN
385
DELISTED
Interxion Holding N.V.
INXN
| $23.1M | 0.02% |
454,532
-2,230
| -0.5% | -$109K |
|
386
Renasant Corp
RNST
$4.04B
| $23.1M | 0.02% |
537,318
-8,080
| -1% | -$333K |
|
|
PXD
387
DELISTED
Pioneer Natural Resource Co.
PXD
| $23M | 0.02% |
156,042
-123,566
| -44% | -$17.8M |
|
|
TEP
388
DELISTED
Tallgrass Energy Partners, LP
TEP
| $23M | 0.02% |
479,857
+79,037
| +20% | +$3.83M |
|
389
Warrior Met Coal
HCC
$4.2B
| $23M | 0.02% |
974,101
-81,431
| -8% | -$1.87M |
|
390
BlackBerry
BB
$5.15B
| $22.7M | 0.02% |
2,034,224
+486,871
| +31% | +$4.58M |
|
|
AMT.PRB
391
DELISTED
American Tower Corporation
AMT.PRB
| $22.6M | 0.02% |
184,717
-20,967
| -10% | -$2.6M |
|
392
Chemours
CC
$2.59B
| $22.5M | 0.02% |
444,063
-56,796
| -11% | -$2.68M |
|
|
CBIO
393
Crescent Biopharma
CBIO
$621M
| $22.2M | 0.02% |
15,902
-35
| -0.2% | -$41.1K |
|
394
United Parks & Resorts
PRKS
$2.14B
| $21.8M | 0.02% |
1,679,305
-51,873
| -3% | -$710K |
|
395
Guidewire Software
GWRE
$11.9B
| $21.6M | 0.02% |
277,135
-185,974
| -40% | -$13.6M |
|
396
Philip Morris
PM
$301B
| $21.4M | 0.02% |
+193,150
| New | +$22.5M |
|
397
Core Laboratories
CLB
$534M
| $21.3M | 0.02% |
215,376
-12,146
| -5% | -$1.18M |
|
398
Starbucks
SBUX
$119B
| $21.2M | 0.02% |
394,934
-203,105
| -34% | -$11.3M |
|
399
Shopify
SHOP
$156B
| $21.2M | 0.02% |
1,815,690
+580,330
| +47% | +$5.93M |
|
400
Enterprise Products Partners
EPD
$82.9B
| $21.1M | 0.02% |
808,607
+150,302
| +23% | +$3.97M |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.38B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.