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 | |
|---|---|---|---|---|---|---|
526
Sunoco
SUN
$14.4B
| $3.72M | ﹤0.01% |
93,830
+30,717
| +49% | +$1.11M |
|
527
Lamar Advertising Co
LAMR
$16.7B
| $3.66M | ﹤0.01% |
60,951
+11,815
| +24% | +$679K |
|
528
Elevance Health
ELV
$81.5B
| $3.61M | ﹤0.01% |
25,895
+1,879
| +8% | +$259K |
|
|
HIFR
529
DELISTED
InfraREIT, Inc.
HIFR
| $3.54M | ﹤0.01% |
191,243
-3,130
| -2% | -$68.6K |
|
530
IBM
IBM
$213B
| $3.5M | ﹤0.01% |
26,609
+2,552
| +11% | +$343K |
|
531
Johnson & Johnson
JNJ
$640B
| $3.5M | ﹤0.01% |
34,070
-899
| -3% | -$90.4K |
|
532
Intel
INTC
$413B
| $3.46M | ﹤0.01% |
100,584
+84,688
| +533% | +$2.86M |
|
|
CPPL
533
DELISTED
Columbia Pipeline Partners LP
CPPL
| $3.45M | ﹤0.01% |
197,599
-1,182,768
| -86% | -$17.4M |
|
534
Invesco
IVZ
$12.4B
| $3.44M | ﹤0.01% |
102,872
+86,210
| +517% | +$2.82M |
|
535
eBay
EBAY
$51.2B
| $3.39M | ﹤0.01% |
123,458
-1,457
| -1% | -$40.2K |
|
536
Stanley Black & Decker
SWK
$14.5B
| $3.38M | ﹤0.01% |
+31,660
| New | +$3.34M |
|
537
Berkshire Hathaway Class B
BRK.B
$1.1T
| $3.38M | ﹤0.01% |
25,562
+868
| +4% | +$116K |
|
538
Plains All American Pipeline
PAA
$17.6B
| $3.37M | ﹤0.01% |
145,888
-36,113
| -20% | -$972K |
|
539
Oneok
OKE
$56.7B
| $3.37M | ﹤0.01% |
136,542
-126,865
| -48% | -$3.81M |
|
540
Emerson Electric
EMR
$81.6B
| $3.36M | ﹤0.01% |
+70,282
| New | +$3.35M |
|
541
PUT
iShares Biotechnology ETF
IBB
$9.45B
| $3.35M | ﹤0.01% |
29,700
-73,938
| -71% | -$8.02M |
|
542
Altria Group
MO
$125B
| $3.34M | ﹤0.01% |
57,403
+9,909
| +21% | +$574K |
|
543
Deere & Co
DE
$165B
| $3.29M | ﹤0.01% |
43,085
+29,916
| +227% | +$2.32M |
|
|
BNY
544
Bank of New York Mellon
BNY
$103B
| $3.27M | ﹤0.01% |
79,421
-4,571
| -5% | -$192K |
|
545
Enbridge
ENB
$120B
| $3.24M | ﹤0.01% |
97,678
+20,756
| +27% | +$780K |
|
546
Gartner
IT
$11.1B
| $3.15M | ﹤0.01% |
34,740
| – | – |
|
547
Ameriprise Financial
AMP
$47.8B
| $3.06M | ﹤0.01% |
+28,712
| New | +$3.21M |
|
|
NS
548
DELISTED
NuStar Energy L.P.
NS
| $3M | ﹤0.01% |
74,916
-26,077
| -26% | -$1.13M |
|
549
Canadian Pacific Kansas City
CP
$81B
| $2.71M | ﹤0.01% |
106,005
-8,062,535
| -99% | -$226M |
|
|
WPZ
550
DELISTED
Williams Partners L.P.
WPZ
| $2.48M | ﹤0.01% |
89,192
+15,075
| +20% | +$453K |
|
Similar funds
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.