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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TIVO
426
DELISTED
Tivo Inc
TIVO
| $18.1M | 0.02% |
929,719
-116,773
| -11% | -$2.31M |
|
|
TBI
427
Trueblue
TBI
$238M
| $18.1M | 0.02% |
796,556
-338,983
| -30% | -$7.4M |
|
428
Under Armour
UAA
$3.07B
| $17.8M | 0.02% |
461,357
-5,854
| -1% | -$236K |
|
429
MaxLinear
MXL
$5.32B
| $17.7M | 0.02% |
+871,233
| New | +$17.1M |
|
|
CIM
430
Chimera Investment
CIM
$1.06B
| $17.6M | 0.02% |
367,531
+506
| +0.1% | +$24.8K |
|
431
ProQR Therapeutics
PRQR
$244M
| $17.5M | 0.02% |
2,616,967
-55,410
| -2% | -$305K |
|
|
EPZM
432
DELISTED
Epizyme, Inc
EPZM
| $17.2M | 0.02% |
1,749,735
-28,940
| -2% | -$264K |
|
433
Bloomin' Brands
BLMN
$738M
| $17.1M | 0.02% |
992,300
+1,349
| +0.1% | +$25K |
|
434
Planet Fitness
PLNT
$4.41B
| $17.1M | 0.02% |
851,993
+451,993
| +113% | +$9.31M |
|
|
GLDD
435
DELISTED
Great Lakes Dredge & Dock
GLDD
| $17M | 0.02% |
4,869,835
-185,754
| -4% | -$751K |
|
436
Insmed
INSM
$22.7B
| $16.9M | 0.02% |
1,163,793
-31,662
| -3% | -$396K |
|
|
PKY
437
DELISTED
Parkway, Inc.
PKY
| $16.7M | 0.02% |
982,569
-107,598
| -10% | -$1.87M |
|
|
LN
438
DELISTED
LINE Corporation
LN
| $16.6M | 0.02% |
+342,798
| New | +$14.6M |
|
439
Enterprise Products Partners
EPD
$83.5B
| $16.4M | 0.02% |
592,505
-2,623,740
| -82% | -$72.5M |
|
|
BHI
440
DELISTED
Baker Hughes
BHI
| $16.1M | 0.02% |
318,485
+307,973
| +2,930% | +$14.8M |
|
|
TEP
441
DELISTED
Tallgrass Energy Partners, LP
TEP
| $16M | 0.02% |
331,551
+5,213
| +2% | +$243K |
|
|
YDKN
442
DELISTED
Yadkin Financial Corporation
YDKN
| $15.5M | 0.02% |
588,941
-62,403
| -10% | -$1.6M |
|
|
CLVS
443
DELISTED
Clovis Oncology, Inc.
CLVS
| $15.2M | 0.02% |
+420,730
| New | +$9.03M |
|
|
RMP
444
DELISTED
Rice Midstream Partners LP
RMP
| $14.8M | 0.02% |
610,960
+14,701
| +2% | +$309K |
|
445
Assembly Biosciences
ASMB
$510M
| $14.6M | 0.02% |
169,170
-625
| -0.4% | -$48.3K |
|
|
ETP
446
DELISTED
Energy Transfer Partners, L.P.
ETP
| $14.6M | 0.02% |
515,174
+39,703
| +8% | +$1.15M |
|
|
DTEA
447
DELISTED
DAVIDsTEA Inc. Common Stock
DTEA
| $14.5M | 0.02% |
1,180,736
-40,100
| -3% | -$535K |
|
448
Shake Shack
SHAK
$2.54B
| $14.4M | 0.02% |
414,971
+2,468
| +0.6% | +$91.4K |
|
|
EEP
449
DELISTED
Enbridge Energy Partners
EEP
| $14.4M | 0.02% |
564,456
+10,631
| +2% | +$255K |
|
|
BPL
450
DELISTED
Buckeye Partners, L.P.
BPL
| $14.3M | 0.02% |
199,778
+4,367
| +2% | +$311K |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.