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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.28% |
| 2 | Consumer Discretionary | 14.62% |
| 3 | Technology | 10.39% |
| 4 | Communication Services | 9.8% |
| 5 | Energy | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
PG&E
PCG
$39B
| $27M | 0.03% |
661,002
-390,626
| -37% | -$17M |
|
402
IQVIA
IQV
$40.7B
| $27M | 0.03% |
601,752
+62,406
| +12% | +$2.76M |
|
|
XL
403
DELISTED
XL Group Ltd.
XL
| $26.9M | 0.03% |
873,908
-4,966
| -0.6% | -$154K |
|
|
SCHW
404
Charles Schwab
SCHW
$182B
| $26.8M | 0.03% |
1,269,859
-500,419
| -28% | -$10.9M |
|
405
AXIS Capital
AXS
$7.73B
| $26.8M | 0.03% |
618,131
+28,555
| +5% | +$1.26M |
|
|
EVHC
406
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $26.6M | 0.03% |
+341,766
| New | +$27.2M |
|
|
AET
407
DELISTED
Aetna Inc
AET
| $26.6M | 0.03% |
415,140
+32,582
| +9% | +$2.09M |
|
|
INN
408
Summit Hotel Properties
INN
$766M
| $26.5M | 0.03% |
2,881,966
-10,557
| -0.4% | -$102K |
|
409
Brink's
BCO
$5.01B
| $26.1M | 0.03% |
922,968
+106,487
| +13% | +$2.9M |
|
|
UN
410
DELISTED
Unilever NV New York Registry Shares
UN
| $26M | 0.03% |
+689,726
| New | +$27.3M |
|
411
Mercado Libre
MELI
$94.5B
| $25.7M | 0.03% |
+190,249
| New | +$22.9M |
|
412
B2Gold
BTG
$4.98B
| $25.5M | 0.03% |
10,210,021
-222,244
| -2% | -$601K |
|
413
Kirby Corp
KEX
$7.01B
| $25.3M | 0.03% |
292,060
-371,959
| -56% | -$31.2M |
|
|
CMCSK
414
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $24.5M | 0.03% |
565,138
-75,692
| -12% | -$3.28M |
|
|
SUSS
415
DELISTED
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
| $24.2M | 0.03% |
455,630
+114,519
| +34% | +$5.72M |
|
416
Kosmos Energy
KOS
$1.47B
| $24.1M | 0.03% |
2,348,633
-51,060
| -2% | -$535K |
|
|
TAHO
417
DELISTED
Tahoe Resources Inc
TAHO
| $24.1M | 0.03% |
1,340,298
-28,841
| -2% | -$467K |
|
|
VITC
418
DELISTED
VITACOST COM INC COM STK (DE)
VITC
| $23.5M | 0.02% |
2,762,478
-258,587
| -9% | -$2.24M |
|
419
PPG Industries
PPG
$24.9B
| $23.3M | 0.02% |
279,458
-18,932
| -6% | -$1.51M |
|
420
Essential Utilities
WTRG
$11.5B
| $23M | 0.02% |
928,985
+21,047
| +2% | +$537K |
|
|
BCA
421
DELISTED
CORPBANCA SPONSORED ADR REPSTG (1-1,500)COM STK
BCA
| $23M | 0.02% |
1,439,268
| – | – |
|
422
PUT
Gilead Sciences
GILD
$165B
| $22.9M | 0.02% |
365,000
+345,000
| +1,725% | +$20.6M |
|
423
Newmont
NEM
$96.2B
| $22.9M | 0.02% |
814,391
+3,356
| +0.4% | +$99.5K |
|
|
SHPG
424
DELISTED
Shire pic
SHPG
| $22.4M | 0.02% |
186,954
-123,044
| -40% | -$13.6M |
|
425
HF Sinclair
DINO
$16.2B
| $22.3M | 0.02% |
529,256
-185,061
| -26% | -$8.04M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,942,523 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.