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 | 20.31% |
| 2 | Consumer Discretionary | 17.37% |
| 3 | Healthcare | 13.5% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Turning Point Brands
TPB
$1.48B
| $11.9M | 0.01% |
763,431
-22,710
| -3% | -$308K |
|
|
ISBC
477
DELISTED
Investors Bancorp, Inc.
ISBC
| $11.9M | 0.01% |
825,558
-761,700
| -48% | -$10.9M |
|
478
FNB Corp
FNB
$6.76B
| $11.8M | 0.01% |
+791,688
| New | +$12.2M |
|
479
Energy Transfer Partners
ET
$69.5B
| $11.6M | 0.01% |
586,227
+136,432
| +30% | +$2.57M |
|
|
ICD
480
DELISTED
Independence Contract Drilling, Inc.
ICD
| $11.5M | 0.01% |
104,728
+24
| +0% | +$2.85K |
|
481
Corvus Pharmaceuticals
CRVS
$1.1B
| $11.3M | 0.01% |
543,849
-26,352
| -5% | -$413K |
|
482
Trinity Industries
TRN
$2.92B
| $11M | 0.01% |
+573,188
| New | +$11.3M |
|
483
Spyre Therapeutics
SYRE
$8.5B
| $10.8M | 0.01% |
58,181
+352
| +0.6% | +$49.7K |
|
|
SRUNU
484
DELISTED
Silver Run Acquisition Corporation II Units
SRUNU
| $10.6M | 0.01% |
+1,019,564
| New | +$10.6M |
|
485
Waste Management
WM
$95B
| $10.4M | 0.01% |
142,508
-7,526
| -5% | -$537K |
|
|
CORE
486
DELISTED
Core Mark Holding Co., Inc.
CORE
| $10.3M | 0.01% |
331,534
-27,499
| -8% | -$961K |
|
487
Agios Pharmaceuticals
AGIO
$2.08B
| $9.92M | 0.01% |
169,799
| – | – |
|
|
NVDQ
488
DELISTED
Novadaq Technologies Inc.
NVDQ
| $9.79M | 0.01% |
1,256,408
-771,179
| -38% | -$5.47M |
|
489
Kosmos Energy
KOS
$1.47B
| $9.66M | 0.01% |
1,450,001
+1,016
| +0.1% | +$6.39K |
|
490
JELD-WEN Holding
JELD
$110M
| $9.65M | 0.01% |
+293,732
| New | +$8.95M |
|
|
ENLK
491
DELISTED
EnLink Midstream Partners, LP
ENLK
| $9.53M | 0.01% |
520,708
+28,991
| +6% | +$534K |
|
492
CALL
Incyte
INCY
$25.4B
| $9.36M | 0.01% |
+70,000
| New | +$8.91M |
|
|
CWEN.A
493
DELISTED
Clearway Energy Class A
CWEN.A
| $9.16M | 0.01% |
526,797
+1,103
| +0.2% | +$18.1K |
|
494
WSFS Financial
WSFS
$4.14B
| $8.77M | 0.01% |
190,793
+67,495
| +55% | +$3.07M |
|
|
PINC
495
DELISTED
Premier
PINC
| $7.87M | 0.01% |
247,092
-356,792
| -59% | -$11.2M |
|
|
ETP
496
DELISTED
Energy Transfer Partners, L.P.
ETP
| $7.74M | 0.01% |
317,009
+9,317
| +3% | +$233K |
|
|
ENLC
497
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $7.21M | 0.01% |
371,481
-169,334
| -31% | -$3.22M |
|
498
Marcus & Millichap
MMI
$1.2B
| $7.17M | 0.01% |
291,477
-36,753
| -11% | -$951K |
|
499
USA Compression Partners
USAC
$3.69B
| $7.05M | 0.01% |
417,604
+14,556
| +4% | +$260K |
|
|
TCP
500
DELISTED
TC Pipelines LP
TCP
| $7.04M | 0.01% |
117,958
+35,813
| +44% | +$2.16M |
|
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 $4.47B 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 20% 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.