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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Atlassian
TEAM
$26.5B
| $23.8M | 0.02% |
+791,474
| New | +$22.5M |
|
402
Eldorado Gold
EGO
$8.33B
| $23.7M | 0.02% |
1,600,855
-292,097
| -15% | -$4.91M |
|
|
NVRO
403
DELISTED
NEVRO CORP.
NVRO
| $23.5M | 0.02% |
347,699
+21,289
| +7% | +$1.14M |
|
404
Union Pacific
UNP
$174B
| $23.4M | 0.02% |
299,564
-860,796
| -74% | -$73.9M |
|
405
Celanese
CE
$4.82B
| $23.1M | 0.02% |
+343,109
| New | +$23.3M |
|
406
Novartis
NVS
$302B
| $22.8M | 0.02% |
295,929
-277,739
| -48% | -$22.1M |
|
407
Mercado Libre
MELI
$94.5B
| $22.8M | 0.02% |
199,497
+7,311
| +4% | +$804K |
|
408
Artisan Partners
APAM
$2.86B
| $22.7M | 0.02% |
630,240
-1,063,561
| -63% | -$39.3M |
|
|
PETX
409
DELISTED
Aratana Therapeutics, Inc.
PETX
| $22.4M | 0.02% |
4,018,435
-127,765
| -3% | -$844K |
|
|
NUVA
410
DELISTED
NuVasive, Inc.
NUVA
| $22.3M | 0.02% |
412,893
+121,061
| +41% | +$6.17M |
|
411
Gilead Sciences
GILD
$165B
| $22.2M | 0.02% |
219,681
-2,561,694
| -92% | -$267M |
|
|
PF
412
DELISTED
Pinnacle Foods, Inc.
PF
| $22.1M | 0.02% |
520,090
-547,218
| -51% | -$23.4M |
|
|
MKTO
413
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $21.9M | 0.02% |
763,902
+103,294
| +16% | +$3.06M |
|
414
Prosperity Bancshares
PB
$8.9B
| $21.8M | 0.02% |
454,700
+29,086
| +7% | +$1.49M |
|
415
Rocket Pharmaceuticals
RCKT
$343M
| $21.8M | 0.02% |
479,963
+5,257
| +1% | +$229K |
|
416
Core Laboratories
CLB
$455M
| $21.6M | 0.02% |
198,986
-28,469
| -13% | -$3.26M |
|
417
Insmed
INSM
$22.4B
| $21.2M | 0.02% |
1,168,760
+4,159
| +0.4% | +$73.3K |
|
|
DYAX
418
DELISTED
DYAX CORPORATION
DYAX
| $21.2M | 0.02% |
562,712
-1,296,585
| -70% | -$41.7M |
|
419
Acadia Pharmaceuticals
ACAD
$4.51B
| $21.1M | 0.02% |
593,206
-504,158
| -46% | -$17.8M |
|
|
ISBC
420
DELISTED
Investors Bancorp, Inc.
ISBC
| $21.1M | 0.02% |
1,693,412
-23,237
| -1% | -$292K |
|
421
Pembina Pipeline
PBA
$29.3B
| $21.1M | 0.02% |
967,844
-359,684
| -27% | -$8.63M |
|
|
KMI.PRA
422
DELISTED
Kinder Morgan, Inc.
KMI.PRA
| $21M | 0.02% |
+520,137
| New | +$21.8M |
|
|
DWRE
423
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $20.7M | 0.02% |
383,341
+77,441
| +25% | +$4.05M |
|
|
UNVR
424
DELISTED
Univar Solutions Inc.
UNVR
| $20.4M | 0.02% |
1,200,950
-14,629
| -1% | -$266K |
|
425
RPC Inc
RES
$1.13B
| $20.2M | 0.02% |
1,687,824
-15,515
| -0.9% | -$186K |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.