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 |
Perrigo
PRGO
|
+$672M |
| 2 |
Merck
MRK
|
+$608M |
| 3 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$384M |
| 4 |
Las Vegas Sands
LVS
|
+$378M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$518M |
| 2 |
eBay
EBAY
|
+$474M |
| 3 |
Estee Lauder
EL
|
+$435M |
| 4 |
Goldman Sachs
GS
|
+$323M |
| 5 |
TechnipFMC
FTI
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 13.85% |
| 3 | Communication Services | 11.23% |
| 4 | Technology | 10.46% |
| 5 | Energy | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Prothena Corp
PRTA
$448M
| $29.5M | 0.03% |
770,734
-63,121
| -8% | -$2.03M |
|
|
MACK
402
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $29.4M | 0.03% |
742,170
-88,639
| -11% | -$3.79M |
|
|
RRTS
403
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $29.2M | 0.03% |
46,203
-11,475
| -20% | -$7.23M |
|
|
WX
404
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $29M | 0.03% |
787,102
+4,159
| +0.5% | +$153K |
|
405
SM Energy
SM
$7.6B
| $28.3M | 0.03% |
396,836
-377,131
| -49% | -$29.5M |
|
406
Cisco
CSCO
$443B
| $28.2M | 0.03% |
+1,259,406
| New | +$27.8M |
|
|
TAHO
407
DELISTED
Tahoe Resources Inc
TAHO
| $27.9M | 0.03% |
1,317,779
-23,778
| -2% | -$477K |
|
|
GAP
408
The Gap Inc
GAP
$7.3B
| $27.5M | 0.03% |
685,849
-25,053
| -4% | -$1.01M |
|
|
INXN
409
DELISTED
Interxion Holding N.V.
INXN
| $27.4M | 0.03% |
1,143,919
-261,071
| -19% | -$6.33M |
|
|
CMCSK
410
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $27.4M | 0.03% |
562,247
-719
| -0.1% | -$35.1K |
|
411
PUT
Incyte
INCY
$25.8B
| $26.8M | 0.03% |
+500,000
| New | +$31M |
|
|
INN
412
Summit Hotel Properties
INN
$766M
| $26.3M | 0.03% |
2,831,858
+27,468
| +1% | +$249K |
|
|
RCPT
413
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $26.3M | 0.03% |
+626,202
| New | +$26.9M |
|
414
Zions Bancorporation
ZION
$10.1B
| $26.1M | 0.02% |
842,188
+774,559
| +1,145% | +$23.5M |
|
|
VR
415
DELISTED
Validus Hold Ltd
VR
| $26M | 0.02% |
689,524
-16,615
| -2% | -$616K |
|
|
DFRG
416
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $26M | 0.02% |
930,774
-15,073
| -2% | -$371K |
|
|
EXPR
417
DELISTED
Express, Inc.
EXPR
| $25.8M | 0.02% |
81,144
-35,343
| -30% | -$12.4M |
|
418
FedEx
FDX
$73B
| $25.6M | 0.02% |
193,212
-60,517
| -24% | -$8.22M |
|
|
IRF
419
DELISTED
INTL RECTIFIER CORP
IRF
| $25.3M | 0.02% |
924,559
+149,185
| +19% | +$3.96M |
|
420
Kosmos Energy
KOS
$1.47B
| $25.3M | 0.02% |
2,302,704
-48,511
| -2% | -$520K |
|
|
ESV
421
DELISTED
Ensco Rowan plc
ESV
| $24.5M | 0.02% |
116,217
-86,881
| -43% | -$18.2M |
|
422
Vipshop
VIPS
$7.26B
| $24.5M | 0.02% |
+1,641,340
| New | +$19.5M |
|
423
Monster Beverage
MNST
$95.1B
| $24.4M | 0.02% |
2,104,638
-389,922
| -16% | -$4.56M |
|
424
Waste Management
WM
$95B
| $23.9M | 0.02% |
567,947
-451,452
| -44% | -$18.9M |
|
|
LPNT
425
DELISTED
LifePoint Health, Inc.
LPNT
| $23.7M | 0.02% |
433,927
-7,199
| -2% | -$385K |
|
Similar funds
Jennison Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Jennison Associates held 826 positions worth $105B, up 2.6% from $102B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Jennison Associates's Q1 2014 filing shows 122 new, 275 increased, 321 reduced and 94 closed positions. Its largest new stake was Perrigo: 4,257,843 shares worth $659M. The largest sale was Ralph Lauren, an estimated $518M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2014 buy was Perrigo: 4,257,843 shares worth $659M.
- Jennison Associates added most to Merck in Q1 2014, an estimated $608M increase.
- Jennison Associates's biggest Q1 2014 reduction was Estee Lauder, cutting an estimated $435M.
- Jennison Associates fully exited Ralph Lauren in Q1 2014, selling an estimated $518M.
- Jennison Associates's ten largest holdings make up 18% of its $105B portfolio in Q1 2014.
- Jennison Associates opened 122 new positions and closed 94 in Q1 2014.
- Jennison Associates's portfolio value rose 2.6% quarter-over-quarter to $105B.
Based on Jennison Associates's 13F filing for Q1 2014, filed 7 May 2014.