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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.43% |
| 2 | Consumer Discretionary | 15.4% |
| 3 | Technology | 13.31% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Adobe
ADBE
$116B
| $1.1B | 1% |
14,816,863
+1,137,774
| +8% | +$84.9M |
|
|
MON
27
DELISTED
Monsanto Co
MON
| $1.07B | 0.98% |
9,509,247
-1,158,840
| -11% | -$138M |
|
28
Netflix
NFLX
$340B
| $1.02B | 0.93% |
170,718,170
-15,438,150
| -8% | -$93.6M |
|
29
Abbott
ABT
$195B
| $999M | 0.92% |
21,571,193
-659,749
| -3% | -$30.3M |
|
30
Marriott International
MAR
$91.5B
| $995M | 0.91% |
12,390,436
-713,313
| -5% | -$56.8M |
|
31
Gilead Sciences
GILD
$181B
| $950M | 0.87% |
9,677,563
-749,701
| -7% | -$76.1M |
|
32
Under Armour
UAA
$2.18B
| $940M | 0.86% |
23,278,208
-281,690
| -1% | -$10.4M |
|
|
ALXN
33
DELISTED
Alexion Pharmaceuticals
ALXN
| $908M | 0.83% |
5,240,238
-553,113
| -10% | -$100M |
|
34
Canadian Pacific Kansas City
CP
$82.7B
| $897M | 0.82% |
24,560,845
-7,261,535
| -23% | -$268M |
|
35
Morgan Stanley
MS
$337B
| $873M | 0.8% |
24,458,099
-5,616,125
| -19% | -$202M |
|
36
Corpay
CPAY
$26.8B
| $849M | 0.78% |
5,623,437
+96,369
| +2% | +$14.3M |
|
37
O'Reilly Automotive
ORLY
$71.6B
| $837M | 0.77% |
58,071,705
-5,213,490
| -8% | -$70.1M |
|
38
Tesla
TSLA
$1.38T
| $831M | 0.76% |
66,024,030
+17,182,950
| +35% | +$232M |
|
39
Mondelez International
MDLZ
$79.6B
| $822M | 0.75% |
22,762,594
-8,093,864
| -26% | -$293M |
|
40
Union Pacific
UNP
$183B
| $781M | 0.72% |
7,214,218
-1,142,905
| -14% | -$134M |
|
41
SLB Ltd
SLB
$85.1B
| $778M | 0.71% |
9,323,398
-2,563,959
| -22% | -$213M |
|
|
ARMH
42
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $778M | 0.71% |
15,779,113
+1,788,120
| +13% | +$88.9M |
|
43
Vertex Pharmaceuticals
VRTX
$137B
| $773M | 0.71% |
6,548,491
-157,255
| -2% | -$18.8M |
|
44
American Tower
AMT
$82.1B
| $761M | 0.7% |
8,081,990
+729,485
| +10% | +$70.9M |
|
|
45
Kroger
KR
$35.4B
| $745M | 0.68% |
19,434,578
+15,869,440
| +445% | +$566M |
|
|
SPLK
46
DELISTED
Splunk Inc
SPLK
| $735M | 0.67% |
12,418,752
+425,242
| +4% | +$25.7M |
|
47
EOG Resources
EOG
$75.2B
| $721M | 0.66% |
7,866,446
-249,651
| -3% | -$22.6M |
|
48
Workday
WDAY
$49.3B
| $708M | 0.65% |
8,387,240
+747,995
| +10% | +$63.3M |
|
49
BioMarin Pharmaceuticals
BMRN
$12.5B
| $673M | 0.62% |
5,400,974
-260,013
| -5% | -$27.5M |
|
50
TJX Companies
TJX
$149B
| $663M | 0.61% |
18,916,276
+2,020,926
| +12% | +$68.8M |
|
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Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.