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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NVO
26
Novo Nordisk
NVO
$228B
| $986M | 1.01% |
36,340,526
-3,272,618
| -8% | -$92.7M |
|
27
Tesla
TSLA
$1.18T
| $930M | 0.95% |
56,180,775
-9,437,970
| -14% | -$160M |
|
28
Regeneron Pharmaceuticals
REGN
$72.9B
| $894M | 0.92% |
1,922,133
+189,407
| +11% | +$102M |
|
29
Marriott International
MAR
$100B
| $874M | 0.9% |
12,817,523
-401,700
| -3% | -$29M |
|
30
Abbott
ABT
$187B
| $860M | 0.88% |
21,394,291
+321,733
| +2% | +$15.2M |
|
31
O'Reilly Automotive
ORLY
$75.1B
| $850M | 0.87% |
51,018,000
-4,736,475
| -8% | -$76.5M |
|
32
Dollar General
DG
$28.4B
| $776M | 0.79% |
10,709,250
+2,135,748
| +25% | +$163M |
|
33
Chipotle Mexican Grill
CMG
$43.9B
| $765M | 0.78% |
53,094,700
+4,608,900
| +10% | +$65.5M |
|
|
CXO
34
DELISTED
CONCHO RESOURCES INC.
CXO
| $752M | 0.77% |
7,646,676
-1,429,358
| -16% | -$150M |
|
35
TJX Companies
TJX
$179B
| $734M | 0.75% |
20,555,940
+2,341,070
| +13% | +$82.1M |
|
36
Morgan Stanley
MS
$319B
| $721M | 0.74% |
22,874,223
-1,120,852
| -5% | -$40.8M |
|
|
TWX
37
DELISTED
Time Warner Inc
TWX
| $714M | 0.73% |
10,389,183
+2,040,437
| +24% | +$160M |
|
38
American Tower
AMT
$83.5B
| $711M | 0.73% |
8,082,885
+212,919
| +3% | +$20M |
|
|
SPLK
39
DELISTED
Splunk Inc
SPLK
| $703M | 0.72% |
12,705,123
+603,274
| +5% | +$39.4M |
|
40
Corpay
CPAY
$25.7B
| $654M | 0.67% |
4,754,368
-940,419
| -17% | -$144M |
|
41
NXP Semiconductors
NXPI
$60.8B
| $652M | 0.67% |
7,483,836
+989,049
| +15% | +$89.2M |
|
42
Workday
WDAY
$41.5B
| $632M | 0.65% |
9,172,002
+74,117
| +0.8% | +$5.73M |
|
43
Kroger
KR
$36.7B
| $618M | 0.63% |
17,129,666
+1,995,046
| +13% | +$74M |
|
|
MHFI
44
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $584M | 0.6% |
6,746,429
+893,254
| +15% | +$87.9M |
|
|
ARMH
45
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $536M | 0.55% |
12,381,535
-464,510
| -4% | -$20.7M |
|
46
BioMarin Pharmaceuticals
BMRN
$11.9B
| $522M | 0.53% |
4,952,023
-546,799
| -10% | -$73M |
|
47
SBA Communications
SBAC
$19.8B
| $515M | 0.53% |
4,914,930
-103,160
| -2% | -$12M |
|
48
Incyte
INCY
$25.8B
| $504M | 0.52% |
4,568,898
-169,405
| -4% | -$19M |
|
|
MON
49
DELISTED
Monsanto Co
MON
| $499M | 0.51% |
5,850,642
-2,596,279
| -31% | -$257M |
|
50
Monster Beverage
MNST
$95.1B
| $495M | 0.51% |
21,972,822
+4,522,914
| +26% | +$106M |
|
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Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.