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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.28% |
| 2 | Consumer Discretionary | 14.62% |
| 3 | Technology | 10.39% |
| 4 | Communication Services | 9.8% |
| 5 | Energy | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
QLTI
551
DELISTED
QLT Inc
QLTI
| $2.53M | ﹤0.01% |
546,112
| – | – |
|
552
Watts Water Technologies
WTS
$11.2B
| $2.52M | ﹤0.01% |
44,707
-11,805
| -21% | -$628K |
|
|
553
IBM
IBM
$213B
| $2.45M | ﹤0.01% |
13,816
-3,725,772
| -100% | -$677M |
|
554
Webster Financial
WBS
$12.3B
| $2.38M | ﹤0.01% |
93,048
+14,263
| +18% | +$380K |
|
555
Ciena
CIEN
$46.8B
| $2.35M | ﹤0.01% |
94,075
+11,443
| +14% | +$258K |
|
556
Verizon
VZ
$197B
| $2.14M | ﹤0.01% |
45,819
-10,224
| -18% | -$499K |
|
|
BCPC
557
Balchem Corp
BCPC
$5.26B
| $2.11M | ﹤0.01% |
40,757
-286
| -0.7% | -$14.1K |
|
558
Norfolk Southern
NSC
$75.4B
| $2.1M | ﹤0.01% |
+27,190
| New | +$2.04M |
|
|
BDBD
559
DELISTED
BOULDER BRANDS INC
BDBD
| $2.09M | ﹤0.01% |
130,501
-46,292
| -26% | -$703K |
|
|
DST
560
DELISTED
DST Systems Inc.
DST
| $2.06M | ﹤0.01% |
54,596
-818
| -1% | -$29.5K |
|
|
OCRX
561
DELISTED
Ocera Therapeutics, Inc.
OCRX
| $2.02M | ﹤0.01% |
238,152
+31,887
| +15% | +$257K |
|
|
GTIV
562
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
| $2.01M | ﹤0.01% |
166,968
-239
| -0.1% | -$2.7K |
|
563
CubeSmart
CUBE
$9.61B
| $1.93M | ﹤0.01% |
108,394
+37,006
| +52% | +$630K |
|
|
FL
564
DELISTED
Foot Locker
FL
| $1.85M | ﹤0.01% |
54,443
+12,828
| +31% | +$445K |
|
|
BCOV
565
DELISTED
Brightcove, Inc.
BCOV
| $1.81M | ﹤0.01% |
161,072
+30,854
| +24% | +$311K |
|
|
N
566
DELISTED
Netsuite Inc
N
| $1.78M | ﹤0.01% |
16,525
+3,467
| +27% | +$342K |
|
567
Toll Brothers
TOL
$14B
| $1.75M | ﹤0.01% |
54,058
-11,283
| -17% | -$365K |
|
568
iShares Core S&P 500 ETF
IVV
$858B
| $1.74M | ﹤0.01% |
10,304
| – | – |
|
569
Manhattan Associates
MANH
$12.1B
| $1.74M | ﹤0.01% |
72,812
-14,652
| -17% | -$323K |
|
|
ZQK
570
DELISTED
QUICKSILVER,INC.
ZQK
| $1.66M | ﹤0.01% |
236,465
+50,439
| +27% | +$315K |
|
571
American States Water
AWR
$3.44B
| $1.65M | ﹤0.01% |
59,830
-6,802
| -10% | -$194K |
|
|
CAS
572
DELISTED
A M Castle & Co
CAS
| $1.64M | ﹤0.01% |
102,135
-663,429
| -87% | -$10.7M |
|
573
Bank of Hawaii
BOH
$3.14B
| $1.63M | ﹤0.01% |
29,876
-3,606
| -11% | -$195K |
|
|
FLIR
574
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $1.58M | ﹤0.01% |
50,372
-37,558
| -43% | -$1.17M |
|
|
SDRL
575
DELISTED
Seadrill Limited Common Stock
SDRL
| $1.54M | ﹤0.01% |
+128
| New | +$1.51M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,942,523 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.