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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.24% |
| 2 | Consumer Discretionary | 17.64% |
| 3 | Healthcare | 13.82% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
O'Reilly Automotive
ORLY
$71.6B
| $989M | 1.1% |
53,308,470
-3,835,110
| -7% | -$70.1M |
|
|
AGN
27
DELISTED
Allergan plc
AGN
| $959M | 1.07% |
4,568,255
-2,707,948
| -37% | -$561M |
|
|
CXO
28
DELISTED
CONCHO RESOURCES INC.
CXO
| $938M | 1.05% |
7,070,674
-487,119
| -6% | -$66.2M |
|
29
Costco
COST
$419B
| $904M | 1.01% |
5,648,519
-102,273
| -2% | -$15.6M |
|
|
RHT
30
DELISTED
Red Hat Inc
RHT
| $850M | 0.95% |
12,199,417
-145,144
| -1% | -$11.2M |
|
31
BioMarin Pharmaceuticals
BMRN
$12.5B
| $767M | 0.86% |
9,263,458
-438,742
| -5% | -$37.7M |
|
|
32
Charter Communications
CHTR
$18.3B
| $717M | 0.8% |
2,489,253
+2,233,110
| +872% | +$601M |
|
33
Regeneron Pharmaceuticals
REGN
$81.8B
| $704M | 0.79% |
1,916,941
-205,207
| -10% | -$78M |
|
34
NXP Semiconductors
NXPI
$56.4B
| $703M | 0.78% |
7,168,580
-2,621,056
| -27% | -$260M |
|
|
TWX
35
DELISTED
Time Warner Inc
TWX
| $685M | 0.77% |
7,099,071
-654,449
| -8% | -$58.3M |
|
36
Corpay
CPAY
$26.8B
| $684M | 0.76% |
4,836,488
+116,767
| +2% | +$18.3M |
|
37
Palo Alto Networks
PANW
$303B
| $668M | 0.75% |
32,046,414
+171,216
| +0.5% | +$4.1M |
|
38
Monster Beverage
MNST
$91.8B
| $641M | 0.72% |
57,828,560
-11,479,408
| -17% | -$131M |
|
39
Home Depot
HD
$329B
| $637M | 0.71% |
4,752,554
-1,764,462
| -27% | -$227M |
|
40
TJX Companies
TJX
$149B
| $628M | 0.7% |
16,726,846
-810,726
| -5% | -$30.6M |
|
|
41
Parker-Hannifin
PH
$125B
| $606M | 0.68% |
+4,330,276
| New | +$576M |
|
|
42
FedEx
FDX
$78.3B
| $606M | 0.68% |
3,254,194
+2,020,331
| +164% | +$371M |
|
|
SPLK
43
DELISTED
Splunk Inc
SPLK
| $604M | 0.67% |
11,809,959
-559,182
| -5% | -$32.2M |
|
44
Tesla
TSLA
$1.38T
| $570M | 0.64% |
40,034,310
-1,578,585
| -4% | -$20.7M |
|
|
45
Nike
NKE
$58.7B
| $569M | 0.64% |
11,195,821
-11,707,641
| -51% | -$601M |
|
46
Workday
WDAY
$50.6B
| $562M | 0.63% |
8,504,316
-440,402
| -5% | -$35.5M |
|
47
Ulta Beauty
ULTA
$22.2B
| $561M | 0.63% |
2,201,656
+172,156
| +8% | +$43M |
|
48
EOG Resources
EOG
$75.2B
| $521M | 0.58% |
5,156,711
+2,714,527
| +111% | +$264M |
|
49
S&P Global
SPGI
$131B
| $506M | 0.57% |
4,708,012
-236,638
| -5% | -$28.3M |
|
50
Albemarle
ALB
$16.2B
| $432M | 0.48% |
5,013,210
+865,503
| +21% | +$73.2M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.79B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.