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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Booking.com
BKNG
$158B
| $1.08B | 1.06% |
21,179,400
-611,600
| -3% | -$32.3M |
|
27
Under Armour
UAA
$3.04B
| $1.05B | 1.03% |
26,118,468
+2,186,456
| +9% | +$99M |
|
28
Illumina
ILMN
$29.5B
| $1.04B | 1.02% |
5,574,204
-428,714
| -7% | -$69.2M |
|
29
Biogen
BIIB
$30.8B
| $1.04B | 1.02% |
3,383,225
-678,458
| -17% | -$195M |
|
30
O'Reilly Automotive
ORLY
$75.5B
| $1B | 0.98% |
59,264,145
+8,246,145
| +16% | +$143M |
|
31
Marriott International
MAR
$101B
| $988M | 0.97% |
14,737,575
+1,920,052
| +15% | +$139M |
|
32
Abbott
ABT
$188B
| $954M | 0.94% |
21,241,252
-153,039
| -0.7% | -$6.76M |
|
|
33
McDonald's
MCD
$193B
| $919M | 0.9% |
7,780,691
+5,591,608
| +255% | +$625M |
|
34
Kroger
KR
$36.5B
| $886M | 0.87% |
21,188,773
+4,059,107
| +24% | +$157M |
|
35
Tesla
TSLA
$1.2T
| $884M | 0.87% |
55,250,415
-930,360
| -2% | -$13.9M |
|
|
NVO
36
Novo Nordisk
NVO
$229B
| $869M | 0.85% |
29,924,904
-6,415,622
| -18% | -$178M |
|
37
Citigroup
C
$215B
| $760M | 0.75% |
14,682,508
+5,533,946
| +60% | +$294M |
|
38
Workday
WDAY
$41.6B
| $757M | 0.74% |
9,505,372
+333,370
| +4% | +$26.7M |
|
39
American Tower
AMT
$83.4B
| $749M | 0.74% |
7,730,457
-352,428
| -4% | -$34.3M |
|
|
SPLK
40
DELISTED
Splunk Inc
SPLK
| $732M | 0.72% |
12,452,640
-252,483
| -2% | -$14.5M |
|
41
TJX Companies
TJX
$179B
| $727M | 0.71% |
20,514,992
-40,948
| -0.2% | -$1.46M |
|
42
Morgan Stanley
MS
$323B
| $714M | 0.7% |
22,440,588
-433,635
| -2% | -$14.4M |
|
43
BioMarin Pharmaceuticals
BMRN
$11.9B
| $701M | 0.69% |
6,691,351
+1,739,328
| +35% | +$182M |
|
44
Corpay
CPAY
$25.7B
| $664M | 0.65% |
4,648,959
-105,409
| -2% | -$15.5M |
|
|
CXO
45
DELISTED
CONCHO RESOURCES INC.
CXO
| $643M | 0.63% |
6,929,687
-716,989
| -9% | -$76.7M |
|
|
MHFI
46
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $638M | 0.63% |
6,476,856
-269,573
| -4% | -$25.6M |
|
47
Monster Beverage
MNST
$95.4B
| $618M | 0.61% |
24,905,802
+2,932,980
| +13% | +$70.8M |
|
48
NXP Semiconductors
NXPI
$62.7B
| $612M | 0.6% |
7,264,170
-219,666
| -3% | -$18.8M |
|
|
TWX
49
DELISTED
Time Warner Inc
TWX
| $603M | 0.59% |
9,330,383
-1,058,800
| -10% | -$74M |
|
|
50
Home Depot
HD
$340B
| $581M | 0.57% |
4,393,726
+3,217,223
| +273% | +$409M |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.