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 | 20.39% |
| 2 | Consumer Discretionary | 14.31% |
| 3 | Technology | 11.26% |
| 4 | Communication Services | 11.24% |
| 5 | Energy | 10.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$419B
| $1B | 0.96% |
8,992,578
-93,485
| -1% | -$10.7M |
|
27
Canadian Pacific Kansas City
CP
$82.7B
| $1B | 0.96% |
33,380,345
+3,096,000
| +10% | +$94M |
|
|
LNKD
28
DELISTED
LinkedIn Corporation
LNKD
| $991M | 0.95% |
5,358,659
-96,811
| -2% | -$19.9M |
|
29
EOG Resources
EOG
$75.2B
| $970M | 0.93% |
9,887,794
-583,150
| -6% | -$51.9M |
|
30
Mondelez International
MDLZ
$79.6B
| $954M | 0.91% |
27,606,123
-3,816,118
| -12% | -$130M |
|
|
VMW
31
DELISTED
VMware, Inc
VMW
| $936M | 0.9% |
8,668,410
-320,690
| -4% | -$31.4M |
|
|
ESRX
32
DELISTED
Express Scripts Holding Company
ESRX
| $914M | 0.87% |
12,174,502
-564,502
| -4% | -$42.3M |
|
|
WFM
33
DELISTED
Whole Foods Market Inc
WFM
| $902M | 0.86% |
17,792,188
+1,158,358
| +7% | +$61.7M |
|
|
RHT
34
DELISTED
Red Hat Inc
RHT
| $901M | 0.86% |
17,004,303
+182,956
| +1% | +$10.6M |
|
35
Vertex Pharmaceuticals
VRTX
$137B
| $891M | 0.85% |
12,604,047
-870,831
| -6% | -$69M |
|
36
Adobe
ADBE
$116B
| $875M | 0.84% |
13,314,042
+513,143
| +4% | +$32.9M |
|
37
RTX Corp
RTX
$285B
| $869M | 0.83% |
11,817,070
+71,624
| +0.6% | +$5.15M |
|
|
38
Goldman Sachs
GS
$301B
| $851M | 0.81% |
5,196,612
-1,917,626
| -27% | -$323M |
|
39
Union Pacific
UNP
$183B
| $848M | 0.81% |
9,042,248
+647,724
| +8% | +$57.5M |
|
|
CELG
40
DELISTED
Celgene Corp
CELG
| $827M | 0.79% |
11,853,238
+838,328
| +8% | +$66.4M |
|
41
Morgan Stanley
MS
$337B
| $811M | 0.78% |
26,028,013
+6,757,595
| +35% | +$209M |
|
42
Abbott
ABT
$195B
| $796M | 0.76% |
20,669,378
+1,709,617
| +9% | +$65.9M |
|
43
Tesla
TSLA
$1.38T
| $763M | 0.73% |
54,927,405
+2,994,750
| +6% | +$40.1M |
|
|
SPLK
44
DELISTED
Splunk Inc
SPLK
| $751M | 0.72% |
10,503,742
+1,644,093
| +19% | +$134M |
|
45
Starbucks
SBUX
$123B
| $741M | 0.71% |
20,206,374
-432,740
| -2% | -$16M |
|
46
American Tower
AMT
$82.1B
| $699M | 0.67% |
8,539,420
+1,830,237
| +27% | +$149M |
|
|
47
Perrigo
PRGO
$2.01B
| $659M | 0.63% |
+4,257,843
| New | +$672M |
|
48
Under Armour
UAA
$2.18B
| $658M | 0.63% |
22,958,260
+159,488
| +0.7% | +$4.17M |
|
49
Netflix
NFLX
$340B
| $656M | 0.63% |
130,377,660
+2,386,720
| +2% | +$13.7M |
|
50
Warner Bros
WBD
$72.1B
| $632M | 0.6% |
14,961,208
-502,157
| -3% | -$21.2M |
|
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 Technology.
- 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.