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 | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
General Dynamics
GD
$105B
| $3.36M | ﹤0.01% |
21,656
+2,390
| +12% | +$356K |
|
527
PepsiCo
PEP
$191B
| $3.3M | ﹤0.01% |
+30,345
| New | +$3.27M |
|
528
Trane Technologies
TT
$107B
| $3.3M | ﹤0.01% |
+48,531
| New | +$3.23M |
|
529
Johnson & Johnson
JNJ
$641B
| $3.28M | ﹤0.01% |
27,757
-1,048
| -4% | -$127K |
|
530
Elevance Health
ELV
$82.1B
| $3.27M | ﹤0.01% |
26,088
+1,973
| +8% | +$255K |
|
|
COL
531
DELISTED
Rockwell Collins
COL
| $3.25M | ﹤0.01% |
+38,503
| New | +$3.25M |
|
532
Citizens Financial Group
CFG
$30.1B
| $3.24M | ﹤0.01% |
+131,247
| New | +$3.02M |
|
533
Danaher
DHR
$138B
| $3.12M | ﹤0.01% |
44,917
+14,165
| +46% | +$1M |
|
534
Berkshire Hathaway Class B
BRK.B
$1.07T
| $3.09M | ﹤0.01% |
21,405
-1,100
| -5% | -$161K |
|
|
535
Kroger
KR
$35.5B
| $3.07M | ﹤0.01% |
103,560
-18,566,250
| -99% | -$617M |
|
|
DFS
536
DELISTED
Discover Financial Services
DFS
| $3.07M | ﹤0.01% |
+54,252
| New | +$3.11M |
|
537
Verizon
VZ
$198B
| $3.05M | ﹤0.01% |
58,655
+42,693
| +267% | +$2.29M |
|
538
Waste Management
WM
$95.5B
| $2.96M | ﹤0.01% |
46,370
+480
| +1% | +$31.4K |
|
539
Federal Realty Investment Trust
FRT
$11B
| $2.86M | ﹤0.01% |
+18,598
| New | +$3.01M |
|
|
PSXP
540
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $2.86M | ﹤0.01% |
58,913
-55,991
| -49% | -$2.84M |
|
|
RAI
541
DELISTED
Reynolds American Inc
RAI
| $2.85M | ﹤0.01% |
60,467
+39,938
| +195% | +$2M |
|
542
State Street SPDR S&P Metals & Mining ETF
XME
$3.96B
| $2.84M | ﹤0.01% |
107,063
+1,822
| +2% | +$48.8K |
|
543
Invesco
IVZ
$13.3B
| $2.78M | ﹤0.01% |
88,813
-12,994
| -13% | -$382K |
|
|
ESRX
544
DELISTED
Express Scripts Holding Company
ESRX
| $2.72M | ﹤0.01% |
+38,541
| New | +$2.88M |
|
|
ALPN
545
DELISTED
Alpine Immune Sciences Inc
ALPN
| $2.67M | ﹤0.01% |
82,191
-40,993
| -33% | -$998K |
|
546
IBM
IBM
$204B
| $2.62M | ﹤0.01% |
+17,265
| New | +$2.62M |
|
547
Wave Life Sciences
WVE
$1.14B
| $2.45M | ﹤0.01% |
+75,435
| New | +$1.78M |
|
548
Progressive
PGR
$125B
| $2.4M | ﹤0.01% |
+76,188
| New | +$2.48M |
|
549
Stanley Black & Decker
SWK
$14.6B
| $2.39M | ﹤0.01% |
19,465
-545
| -3% | -$65.8K |
|
|
TEN
550
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $2.26M | ﹤0.01% |
38,775
+21,659
| +127% | +$1.18M |
|
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 $3.95B 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.