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 | |
|---|---|---|---|---|---|---|
451
CALL
Humana
HUM
$46B
| $14.2M | 0.02% |
80,000
| – | – |
|
452
Renasant Corp
RNST
$4.06B
| $13.9M | 0.02% |
414,770
-45,454
| -10% | -$1.53M |
|
453
Celanese
CE
$4.87B
| $13.8M | 0.01% |
207,627
-66,589
| -24% | -$4.35M |
|
454
Prosperity Bancshares
PB
$8.77B
| $13.4M | 0.01% |
244,891
-216,364
| -47% | -$11.5M |
|
|
BWP
455
DELISTED
Boardwalk Pipeline Partners
BWP
| $13M | 0.01% |
755,824
+75,822
| +11% | +$1.28M |
|
456
Liberty Global Class C
LBTYK
$3.37B
| $12.9M | 0.01% |
390,651
-123
| -0% | -$3.8K |
|
|
ORBC
457
DELISTED
ORBCOMM, Inc.
ORBC
| $12.9M | 0.01% |
1,256,758
-1,144,806
| -48% | -$11.7M |
|
458
Brookfield Infrastructure Partners
BIP
$19.1B
| $12.8M | 0.01% |
622,996
+51,999
| +9% | +$999K |
|
459
Freeport-McMoran
FCX
$89.1B
| $12.4M | 0.01% |
1,142,700
-99,909
| -8% | -$1.15M |
|
|
EQM
460
DELISTED
EQM Midstream Partners, LP
EQM
| $12.1M | 0.01% |
158,276
+1,992
| +1% | +$155K |
|
|
ZLTQ
461
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $11.8M | 0.01% |
300,315
+289,143
| +2,588% | +$10.3M |
|
462
MarketAxess Holdings
MKTX
$4.31B
| $11.5M | 0.01% |
69,424
+65,912
| +1,877% | +$10.7M |
|
|
PETX
463
DELISTED
Aratana Therapeutics, Inc.
PETX
| $11.4M | 0.01% |
1,222,007
-1,637,927
| -57% | -$13.6M |
|
|
ICD
464
DELISTED
Independence Contract Drilling, Inc.
ICD
| $11.4M | 0.01% |
108,147
+76
| +0.1% | +$7.68K |
|
465
Molson Coors Class B
TAP
$7.97B
| $11.3M | 0.01% |
+102,540
| New | +$10.4M |
|
466
Natera
NTRA
$36.7B
| $11.1M | 0.01% |
997,691
-53,040
| -5% | -$598K |
|
467
Turning Point Brands
TPB
$1.56B
| $10.9M | 0.01% |
910,365
-262,902
| -22% | -$3.14M |
|
468
Kosmos Energy
KOS
$1.38B
| $10.5M | 0.01% |
1,642,240
-102,003
| -6% | -$595K |
|
469
HubSpot
HUBS
$12B
| $10.5M | 0.01% |
182,542
+1,334
| +0.7% | +$72.4K |
|
|
GWR
470
DELISTED
Genesee & Wyoming Inc.
GWR
| $10.5M | 0.01% |
+151,985
| New | +$9.96M |
|
471
CALL
Eli Lilly
LLY
$1.09T
| $10.4M | 0.01% |
130,000
| – | – |
|
|
NS
472
DELISTED
NuStar Energy L.P.
NS
| $10.4M | 0.01% |
208,884
+24,245
| +13% | +$1.17M |
|
|
CPN
473
DELISTED
Calpine Corporation
CPN
| $10.4M | 0.01% |
819,071
-3,532,095
| -81% | -$47.6M |
|
|
AEUA
474
DELISTED
Anadarko Petroleum Corporation
AEUA
| $10.3M | 0.01% |
246,120
+4,102
| +2% | +$156K |
|
|
WPZ
475
DELISTED
Williams Partners L.P.
WPZ
| $9.92M | 0.01% |
266,802
-99,519
| -27% | -$3.66M |
|
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.