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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.84% |
| 2 | Technology | 18.59% |
| 3 | Healthcare | 16.63% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Starbucks
SBUX
$123B
| $980M | 1.06% |
18,100,866
+869,852
| +5% | +$48.6M |
|
27
BioMarin Pharmaceuticals
BMRN
$12.5B
| $898M | 0.97% |
9,702,200
+650,956
| +7% | +$61.3M |
|
28
NVIDIA
NVDA
$5.25T
| $880M | 0.95% |
513,780,560
+137,677,920
| +37% | +$203M |
|
29
Costco
COST
$419B
| $877M | 0.95% |
5,750,792
-560,942
| -9% | -$90.6M |
|
30
American Tower
AMT
$82.1B
| $877M | 0.94% |
7,734,277
-369,460
| -5% | -$42.2M |
|
|
ALXN
31
DELISTED
Alexion Pharmaceuticals
ALXN
| $875M | 0.94% |
7,137,235
+43,840
| +0.6% | +$5.64M |
|
32
Regeneron Pharmaceuticals
REGN
$81.8B
| $853M | 0.92% |
2,122,148
+91,223
| +4% | +$36.6M |
|
33
Monster Beverage
MNST
$91.8B
| $848M | 0.91% |
69,307,968
+864,804
| +1% | +$11.2M |
|
34
Palo Alto Networks
PANW
$303B
| $846M | 0.91% |
31,875,198
+3,263,880
| +11% | +$74.4M |
|
35
Home Depot
HD
$329B
| $839M | 0.9% |
6,517,016
-1,437,015
| -18% | -$192M |
|
36
Workday
WDAY
$50.6B
| $820M | 0.88% |
8,944,718
-436,854
| -5% | -$36.4M |
|
37
Corpay
CPAY
$26.8B
| $820M | 0.88% |
4,719,721
+185,429
| +4% | +$29.7M |
|
38
Biogen
BIIB
$32.3B
| $818M | 0.88% |
2,614,383
+609,120
| +30% | +$180M |
|
|
39
Halliburton
HAL
$30.1B
| $779M | 0.84% |
17,365,068
+6,379,445
| +58% | +$278M |
|
|
SPLK
40
DELISTED
Splunk Inc
SPLK
| $726M | 0.78% |
12,369,141
-138,603
| -1% | -$8.3M |
|
|
41
Goldman Sachs
GS
$301B
| $705M | 0.76% |
4,371,336
+3,075,277
| +237% | +$500M |
|
42
McDonald's
MCD
$188B
| $681M | 0.73% |
5,905,583
-1,331,644
| -18% | -$158M |
|
43
TJX Companies
TJX
$149B
| $656M | 0.71% |
17,537,572
-3,526,870
| -17% | -$138M |
|
44
Illumina
ILMN
$32.6B
| $642M | 0.69% |
3,630,580
-167,121
| -4% | -$26.7M |
|
45
S&P Global
SPGI
$131B
| $626M | 0.67% |
4,944,650
-1,363,113
| -22% | -$164M |
|
|
TWX
46
DELISTED
Time Warner Inc
TWX
| $617M | 0.67% |
7,753,520
-972,873
| -11% | -$76M |
|
47
Tesla
TSLA
$1.38T
| $566M | 0.61% |
41,612,895
-4,801,470
| -10% | -$69.3M |
|
48
Ulta Beauty
ULTA
$22.2B
| $483M | 0.52% |
2,029,500
+924,308
| +84% | +$234M |
|
49
Vertex Pharmaceuticals
VRTX
$137B
| $452M | 0.49% |
5,180,761
+2,205,961
| +74% | +$208M |
|
50
PG&E
PCG
$36.6B
| $400M | 0.43% |
6,542,424
-137,960
| -2% | -$8.76M |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.54B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.