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 |
SHPG
Shire pic
SHPG
|
+$1B |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$539M |
| 3 |
Alibaba
BABA
|
+$476M |
| 4 |
AGN
Allergan plc
AGN
|
+$464M |
| 5 |
Perrigo
PRGO
|
+$273M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$777M |
| 2 |
Merck
MRK
|
+$766M |
| 3 |
AGN
Allergan Inc
AGN
|
+$573M |
| 4 |
SLB Ltd
SLB
|
+$551M |
| 5 |
TJX Companies
TJX
|
+$521M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.5% |
| 2 | Consumer Discretionary | 15.58% |
| 3 | Technology | 12.6% |
| 4 | Communication Services | 11.76% |
| 5 | Financials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALXN
26
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.07B | 1% |
5,793,351
-2,589,663
| -31% | -$480M |
|
27
Starbucks
SBUX
$123B
| $1.04B | 0.97% |
25,232,018
+817,558
| +3% | +$31.9M |
|
28
Marriott International
MAR
$91.5B
| $1.02B | 0.96% |
13,103,749
+2,157,901
| +20% | +$159M |
|
|
NVO
29
Novo Nordisk
NVO
$202B
| $1.02B | 0.95% |
48,169,632
-8,139,096
| -14% | -$182M |
|
|
30
SLB Ltd
SLB
$85.1B
| $1.02B | 0.95% |
11,887,357
-5,987,696
| -33% | -$551M |
|
|
SHPG
31
DELISTED
Shire pic
SHPG
| $1B | 0.94% |
+4,721,078
| New | +$1B |
|
32
Abbott
ABT
$195B
| $1B | 0.94% |
22,230,942
+635,892
| +3% | +$27.7M |
|
33
Union Pacific
UNP
$183B
| $996M | 0.93% |
8,357,123
+26,996
| +0.3% | +$3.1M |
|
34
Adobe
ADBE
$116B
| $994M | 0.93% |
13,679,089
+1,233,060
| +10% | +$86.4M |
|
35
Gilead Sciences
GILD
$181B
| $983M | 0.92% |
10,427,264
-3,029,805
| -23% | -$313M |
|
|
TIF
36
DELISTED
Tiffany & Co.
TIF
| $973M | 0.91% |
9,104,753
+1,805,921
| +25% | +$181M |
|
37
Netflix
NFLX
$340B
| $908M | 0.85% |
186,156,320
+38,279,150
| +26% | +$206M |
|
|
PCP
38
DELISTED
PRECISION CASTPARTS CORP
PCP
| $880M | 0.82% |
3,651,400
-220,294
| -6% | -$50.8M |
|
|
TFCFA
39
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $866M | 0.81% |
22,555,971
-1,694,411
| -7% | -$60M |
|
40
Corpay
CPAY
$26.8B
| $822M | 0.77% |
5,527,068
+1,464,520
| +36% | +$211M |
|
41
O'Reilly Automotive
ORLY
$71.6B
| $813M | 0.76% |
63,285,195
-1,538,745
| -2% | -$18M |
|
42
Under Armour
UAA
$2.18B
| $800M | 0.75% |
23,559,898
-3,155,694
| -12% | -$106M |
|
43
Vertex Pharmaceuticals
VRTX
$137B
| $797M | 0.74% |
6,705,746
-3,743,006
| -36% | -$422M |
|
44
EOG Resources
EOG
$75.2B
| $747M | 0.7% |
8,116,097
-1,722,609
| -18% | -$160M |
|
45
American Tower
AMT
$82.1B
| $727M | 0.68% |
7,352,505
+53,632
| +0.7% | +$5.27M |
|
46
Tesla
TSLA
$1.38T
| $724M | 0.68% |
48,841,080
-7,371,390
| -13% | -$115M |
|
|
TWTR
47
DELISTED
Twitter, Inc.
TWTR
| $711M | 0.67% |
19,825,359
+3,027,290
| +18% | +$129M |
|
|
SPLK
48
DELISTED
Splunk Inc
SPLK
| $707M | 0.66% |
11,993,510
-276,388
| -2% | -$17M |
|
|
ARMH
49
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $648M | 0.61% |
13,990,993
+6,012,620
| +75% | +$257M |
|
50
Workday
WDAY
$49.3B
| $623M | 0.58% |
7,639,245
+491,478
| +7% | +$42.4M |
|
Similar funds
Jennison Associates's Q4 2014 Portfolio in Review
As of Q4 2014, Jennison Associates held 806 positions worth $107B, down 0.8% from $108B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates withdrew a net $3.75B in Q4 2014, closing 91 positions and reducing 351 holdings. Its most notable exit was Oneok, an estimated $184M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Shire pic worth $1B.
- Jennison Associates's largest Q4 2014 buy was Shire pic: 4,721,078 shares worth $1B.
- Jennison Associates added most to Alibaba in Q4 2014, an estimated $476M increase.
- Jennison Associates's biggest Q4 2014 reduction was Alphabet (Google) Class C, cutting an estimated $777M.
- Jennison Associates fully exited Oneok in Q4 2014, selling an estimated $184M.
- Jennison Associates's ten largest holdings make up 20% of its $107B portfolio in Q4 2014.
- Jennison Associates opened 89 new positions and closed 91 in Q4 2014.
- Jennison Associates's portfolio value fell 0.8% quarter-over-quarter to $107B.
Based on Jennison Associates's 13F filing for Q4 2014, filed 6 Feb 2015.