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 |
Alibaba
BABA
|
+$821M |
| 2 |
AGN
Allergan plc
AGN
|
+$444M |
| 3 |
Apple
AAPL
|
+$304M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$301M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$839M |
| 2 |
Las Vegas Sands
LVS
|
+$405M |
| 3 |
Qualcomm
QCOM
|
+$402M |
| 4 |
Warner Bros
WBD
|
+$400M |
| 5 |
Perrigo
PRGO
|
+$357M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.84% |
| 2 | Consumer Discretionary | 15.22% |
| 3 | Communication Services | 13.03% |
| 4 | Technology | 11.99% |
| 5 | Energy | 11.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MON
26
DELISTED
Monsanto Co
MON
| $1.11B | 1.03% |
9,875,632
-2,483,588
| -20% | -$290M |
|
27
Mondelez International
MDLZ
$79.6B
| $1.08B | 1% |
31,399,607
+5,336,696
| +20% | +$194M |
|
28
Costco
COST
$419B
| $1.05B | 0.97% |
8,347,825
-621,601
| -7% | -$75.1M |
|
29
TJX Companies
TJX
$149B
| $984M | 0.91% |
33,262,200
-5,766,804
| -15% | -$163M |
|
30
EOG Resources
EOG
$75.2B
| $974M | 0.9% |
9,838,706
-311,952
| -3% | -$33.9M |
|
31
Netflix
NFLX
$340B
| $953M | 0.88% |
147,877,170
+1,258,110
| +0.9% | +$8.16M |
|
32
Morgan Stanley
MS
$337B
| $932M | 0.86% |
26,954,198
-113,008
| -0.4% | -$3.77M |
|
33
Under Armour
UAA
$2.18B
| $923M | 0.86% |
26,715,592
-808,900
| -3% | -$27M |
|
34
Starbucks
SBUX
$123B
| $921M | 0.85% |
24,414,460
-344,144
| -1% | -$13.3M |
|
|
PCP
35
DELISTED
PRECISION CASTPARTS CORP
PCP
| $917M | 0.85% |
3,871,694
-809,051
| -17% | -$196M |
|
36
Tesla
TSLA
$1.38T
| $909M | 0.84% |
56,212,470
+355,260
| +0.6% | +$5.86M |
|
37
Union Pacific
UNP
$183B
| $903M | 0.84% |
8,330,127
-158,638
| -2% | -$16.4M |
|
38
Abbott
ABT
$195B
| $898M | 0.83% |
21,595,050
+255,410
| +1% | +$10.8M |
|
|
TWTR
39
DELISTED
Twitter, Inc.
TWTR
| $866M | 0.8% |
16,798,069
+6,666,605
| +66% | +$301M |
|
40
Adobe
ADBE
$116B
| $861M | 0.8% |
12,446,029
-36,856
| -0.3% | -$2.61M |
|
|
TFCFA
41
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $832M | 0.77% |
24,250,382
+4,611,672
| +23% | +$159M |
|
|
AGN
42
DELISTED
Allergan plc
AGN
| $823M | 0.76% |
3,409,055
+1,983,316
| +139% | +$444M |
|
|
43
Alibaba
BABA
$296B
| $812M | 0.75% |
+9,140,584
| New | +$821M |
|
|
AGN
44
DELISTED
Allergan Inc
AGN
| $781M | 0.72% |
4,384,295
-103,271
| -2% | -$17.2M |
|
45
Marriott International
MAR
$91.5B
| $765M | 0.71% |
10,945,848
+485,507
| +5% | +$32.9M |
|
|
VMW
46
DELISTED
VMware, Inc
VMW
| $716M | 0.66% |
7,630,546
-1,055,304
| -12% | -$103M |
|
|
TIF
47
DELISTED
Tiffany & Co.
TIF
| $703M | 0.65% |
7,298,832
+1,620,837
| +29% | +$162M |
|
48
American Tower
AMT
$82.1B
| $683M | 0.63% |
7,298,873
-1,394,801
| -16% | -$133M |
|
|
SPLK
49
DELISTED
Splunk Inc
SPLK
| $679M | 0.63% |
12,269,898
+142,189
| +1% | +$7.08M |
|
50
TripAdvisor
TRIP
$1.16B
| $660M | 0.61% |
7,220,523
+2,230,073
| +45% | +$221M |
|
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Jennison Associates's Q3 2014 Portfolio in Review
As of Q3 2014, Jennison Associates held 788 positions worth $108B, down 0.96% from $109B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates's Q3 2014 filing shows 82 new, 334 increased, 281 reduced and 71 closed positions. Its largest new stake was Alibaba: 9,140,584 shares worth $812M. The largest sale was RTX Corp, an estimated $839M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2014 buy was Alibaba: 9,140,584 shares worth $812M.
- Jennison Associates added most to Allergan plc in Q3 2014, an estimated $444M increase.
- Jennison Associates's biggest Q3 2014 reduction was Las Vegas Sands, cutting an estimated $405M.
- Jennison Associates fully exited RTX Corp in Q3 2014, selling an estimated $839M.
- Jennison Associates's ten largest holdings make up 20% of its $108B portfolio in Q3 2014.
- Jennison Associates opened 82 new positions and closed 71 in Q3 2014.
- Jennison Associates's portfolio value fell 0.96% quarter-over-quarter to $108B.
Based on Jennison Associates's 13F filing for Q3 2014, filed 5 Nov 2014.