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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ORBC
401
DELISTED
ORBCOMM, Inc.
ORBC
| $25.7M | 0.03% |
4,606,181
-378,679
| -8% | -$2.28M |
|
|
DBVT
402
DBV Technologies
DBVT
$817M
| $25.5M | 0.03% |
71,520
+8,558
| +14% | +$3.37M |
|
403
Provident Financial Services
PFS
$3.24B
| $25.2M | 0.03% |
1,292,202
-99,517
| -7% | -$1.91M |
|
404
Louisiana-Pacific
LPX
$5.02B
| $25.1M | 0.03% |
1,763,996
+472,588
| +37% | +$7.5M |
|
405
Semtech
SMTC
$10.7B
| $25M | 0.03% |
1,657,340
-119,752
| -7% | -$2.06M |
|
|
WLL
406
DELISTED
Whiting Petroleum Corporation
WLL
| $24.7M | 0.03% |
5,390
-8,648
| -62% | -$53.5M |
|
407
Wayfair
W
$11.9B
| $24.6M | 0.03% |
702,640
-507,248
| -42% | -$19.5M |
|
|
DM
408
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $24.3M | 0.02% |
904,123
-178,890
| -17% | -$6.03M |
|
|
DERM
409
DELISTED
Dermira, Inc.
DERM
| $23.7M | 0.02% |
1,013,343
+503,237
| +99% | +$12.2M |
|
410
Heartland Express
HTLD
$986M
| $23.3M | 0.02% |
1,168,917
-201,810
| -15% | -$4.13M |
|
411
Viavi Solutions
VIAV
$8.65B
| $23.2M | 0.02% |
4,320,694
-2,715,771
| -39% | -$15.9M |
|
|
GNMK
412
DELISTED
GenMark Diagnostics, Inc
GNMK
| $23.1M | 0.02% |
2,929,612
-80,213
| -3% | -$742K |
|
|
TBI
413
Trueblue
TBI
$222M
| $23M | 0.02% |
1,025,522
-146,895
| -13% | -$3.77M |
|
|
CMO
414
DELISTED
Capstead Mortgage Corp.
CMO
| $22.9M | 0.02% |
2,312,407
-207,849
| -8% | -$2.25M |
|
415
Monolithic Power Systems
MPWR
$64.7B
| $22.8M | 0.02% |
446,138
-46,688
| -9% | -$2.31M |
|
416
FedEx
FDX
$73B
| $22.8M | 0.02% |
158,179
-55,981
| -26% | -$8.93M |
|
417
Core Laboratories
CLB
$477M
| $22.7M | 0.02% |
227,455
-16,821
| -7% | -$1.83M |
|
|
PFPT
418
DELISTED
Proofpoint, Inc.
PFPT
| $22.7M | 0.02% |
375,549
-54,529
| -13% | -$3.39M |
|
|
ETP
419
DELISTED
Energy Transfer Partners L.p.
ETP
| $22.6M | 0.02% |
549,486
+392,315
| +250% | +$19M |
|
|
ENH
420
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $22.3M | 0.02% |
+366,108
| New | +$23.9M |
|
421
Eagle Bancorp
EGBN
$838M
| $22.3M | 0.02% |
490,230
-234,927
| -32% | -$10.3M |
|
|
UNVR
422
DELISTED
Univar Solutions Inc.
UNVR
| $22.1M | 0.02% |
1,215,579
+19,469
| +2% | +$446K |
|
|
NSA
423
DELISTED
National Storage Affiliates Trust
NSA
| $21.9M | 0.02% |
1,613,714
-3,634
| -0.2% | -$46.5K |
|
|
GRA
424
DELISTED
W.R. Grace & Co.
GRA
| $21.8M | 0.02% |
+234,517
| New | +$23.3M |
|
|
BECN
425
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $21.8M | 0.02% |
669,473
+92,497
| +16% | +$3.16M |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.