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 |
SLB Ltd
SLB
|
+$461M |
| 2 |
Qualcomm
QCOM
|
+$450M |
| 3 |
Marriott International
MAR
|
+$341M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$283M |
| 5 |
NRG Energy
NRG
|
+$207M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$962M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$551M |
| 3 |
WFM
Whole Foods Market Inc
WFM
|
+$510M |
| 4 |
Goldman Sachs
GS
|
+$478M |
| 5 |
Estee Lauder
EL
|
+$329M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.23% |
| 2 | Consumer Discretionary | 14.87% |
| 3 | Energy | 12.48% |
| 4 | Technology | 11.83% |
| 5 | Communication Services | 11.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vertex Pharmaceuticals
VRTX
$137B
| $1.12B | 1.03% |
11,865,009
-739,038
| -6% | -$51.8M |
|
|
RHT
27
DELISTED
Red Hat Inc
RHT
| $1.05B | 0.97% |
19,073,938
+2,069,635
| +12% | +$105M |
|
28
TJX Companies
TJX
$149B
| $1.04B | 0.95% |
39,029,004
-1,534,850
| -4% | -$43.8M |
|
29
Costco
COST
$419B
| $1.03B | 0.95% |
8,969,426
-23,152
| -0.3% | -$2.66M |
|
|
LNKD
30
DELISTED
LinkedIn Corporation
LNKD
| $1.02B | 0.94% |
5,946,608
+587,949
| +11% | +$95M |
|
31
Mondelez International
MDLZ
$79.6B
| $980M | 0.9% |
26,062,911
-1,543,212
| -6% | -$56.4M |
|
32
Starbucks
SBUX
$123B
| $958M | 0.88% |
24,758,604
+4,552,230
| +23% | +$165M |
|
33
Capri Holdings
CPRI
$1.53B
| $934M | 0.86% |
10,535,122
-1,241,871
| -11% | -$114M |
|
34
Netflix
NFLX
$340B
| $923M | 0.85% |
146,619,060
+16,241,400
| +12% | +$87.9M |
|
35
Adobe
ADBE
$116B
| $903M | 0.83% |
12,482,885
-831,157
| -6% | -$53.6M |
|
36
Tesla
TSLA
$1.38T
| $894M | 0.82% |
55,857,210
+929,805
| +2% | +$13M |
|
37
Morgan Stanley
MS
$337B
| $875M | 0.8% |
27,067,206
+1,039,193
| +4% | +$32M |
|
38
Abbott
ABT
$195B
| $873M | 0.8% |
21,339,640
+670,262
| +3% | +$26.3M |
|
39
Union Pacific
UNP
$183B
| $847M | 0.78% |
8,488,765
-553,483
| -6% | -$53.6M |
|
|
VMW
40
DELISTED
VMware, Inc
VMW
| $841M | 0.77% |
8,685,850
+17,440
| +0.2% | +$1.7M |
|
41
RTX Corp
RTX
$285B
| $839M | 0.77% |
11,542,340
-274,730
| -2% | -$20.2M |
|
42
Under Armour
UAA
$2.18B
| $819M | 0.75% |
27,524,492
+4,566,232
| +20% | +$120M |
|
43
American Tower
AMT
$82.1B
| $782M | 0.72% |
8,693,674
+154,254
| +2% | +$13.3M |
|
|
AGN
44
DELISTED
Allergan Inc
AGN
| $759M | 0.7% |
4,487,566
-6,176,439
| -58% | -$962M |
|
|
TFCFA
45
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $690M | 0.63% |
19,638,710
+1,630,599
| +9% | +$55.5M |
|
|
NBL
46
DELISTED
Noble Energy, Inc.
NBL
| $674M | 0.62% |
8,696,955
-51,293
| -0.6% | -$3.73M |
|
|
SPLK
47
DELISTED
Splunk Inc
SPLK
| $671M | 0.62% |
12,127,709
+1,623,967
| +15% | +$85.2M |
|
|
48
Marriott International
MAR
$91.5B
| $671M | 0.62% |
10,460,341
+5,753,362
| +122% | +$341M |
|
49
SBA Communications
SBAC
$20.3B
| $650M | 0.6% |
6,351,260
-20,011
| -0.3% | -$1.92M |
|
50
Workday
WDAY
$50.6B
| $647M | 0.59% |
7,198,743
+986,005
| +16% | +$77.6M |
|
Similar funds
Jennison Associates's Q2 2014 Portfolio in Review
As of Q2 2014, Jennison Associates held 796 positions worth $109B, up 4.1% from $105B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates's Q2 2014 filing shows 64 new, 297 increased, 319 reduced and 90 closed positions. Its largest new stake was Qualcomm: 5,657,444 shares worth $448M. The largest sale was Allergan Inc, an estimated $962M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Energy.
- Jennison Associates's largest Q2 2014 buy was Qualcomm: 5,657,444 shares worth $448M.
- Jennison Associates added most to SLB Ltd in Q2 2014, an estimated $461M increase.
- Jennison Associates's biggest Q2 2014 reduction was Allergan Inc, cutting an estimated $962M.
- Jennison Associates fully exited Estee Lauder in Q2 2014, selling an estimated $329M.
- Jennison Associates's ten largest holdings make up 19% of its $109B portfolio in Q2 2014.
- Jennison Associates opened 64 new positions and closed 90 in Q2 2014.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q2 2014, filed 8 Aug 2014.