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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Broadcom
AVGO
$1.75T
| $924M | 0.99% |
42,178,160
+37,944,080
| +896% | +$781M |
|
27
Costco
COST
$419B
| $909M | 0.97% |
5,418,821
-229,698
| -4% | -$38.5M |
|
28
Illumina
ILMN
$32.6B
| $898M | 0.96% |
5,411,751
+2,214,015
| +69% | +$349M |
|
|
RHT
29
DELISTED
Red Hat Inc
RHT
| $877M | 0.94% |
10,139,871
-2,059,546
| -17% | -$164M |
|
30
BioMarin Pharmaceuticals
BMRN
$12.5B
| $869M | 0.93% |
9,894,605
+631,147
| +7% | +$56.1M |
|
31
O'Reilly Automotive
ORLY
$71.6B
| $802M | 0.86% |
44,563,995
-8,744,475
| -16% | -$158M |
|
32
Tesla
TSLA
$1.38T
| $801M | 0.86% |
43,172,610
+3,138,300
| +8% | +$53.1M |
|
33
Home Depot
HD
$329B
| $779M | 0.84% |
5,306,882
+554,328
| +12% | +$78.6M |
|
34
Parker-Hannifin
PH
$125B
| $752M | 0.81% |
4,689,899
+359,623
| +8% | +$54.6M |
|
|
CXO
35
DELISTED
CONCHO RESOURCES INC.
CXO
| $748M | 0.8% |
5,826,731
-1,243,943
| -18% | -$167M |
|
36
Halliburton
HAL
$30.1B
| $737M | 0.79% |
14,980,525
-7,015,394
| -32% | -$377M |
|
|
SPLK
37
DELISTED
Splunk Inc
SPLK
| $705M | 0.76% |
11,312,480
-497,479
| -4% | -$29.8M |
|
38
Corpay
CPAY
$26.8B
| $698M | 0.75% |
4,606,862
-229,626
| -5% | -$36M |
|
39
Workday
WDAY
$49.3B
| $681M | 0.73% |
8,172,503
-331,813
| -4% | -$27.5M |
|
40
EOG Resources
EOG
$75.2B
| $680M | 0.73% |
6,974,165
+1,817,454
| +35% | +$181M |
|
41
FedEx
FDX
$78.3B
| $669M | 0.72% |
3,429,971
+175,777
| +5% | +$33.6M |
|
|
42
Texas Instruments
TXN
$236B
| $651M | 0.7% |
8,080,896
+6,361,577
| +370% | +$493M |
|
43
Ulta Beauty
ULTA
$22.1B
| $645M | 0.69% |
2,263,043
+61,387
| +3% | +$16.8M |
|
44
Monster Beverage
MNST
$91.8B
| $619M | 0.66% |
53,630,876
-4,197,684
| -7% | -$46.9M |
|
|
ATVI
45
DELISTED
Activision Blizzard
ATVI
| $608M | 0.65% |
12,203,874
+12,192,839
| +110,492% | +$536M |
|
46
Albemarle
ALB
$16.2B
| $606M | 0.65% |
5,732,476
+719,266
| +14% | +$70M |
|
|
TWX
47
DELISTED
Time Warner Inc
TWX
| $597M | 0.64% |
6,112,288
-986,783
| -14% | -$95.5M |
|
|
48
Qualcomm
QCOM
$175B
| $475M | 0.51% |
8,285,784
-11,598,901
| -58% | -$673M |
|
49
NXP Semiconductors
NXPI
$56.4B
| $452M | 0.49% |
4,371,606
-2,796,974
| -39% | -$283M |
|
50
Expedia Group
EXPE
$39.5B
| $429M | 0.46% |
3,399,156
+969,034
| +40% | +$118M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.