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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 14.7% |
| 3 | Technology | 12.89% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Huron Consulting
HURN
$2.61B
| $3.45M | ﹤0.01% |
52,178
-5,067
| -9% | -$356K |
|
552
Berkshire Hathaway Class B
BRK.B
$1.1T
| $3.44M | ﹤0.01% |
23,842
+170
| +0.7% | +$25K |
|
553
Waste Management
WM
$90.9B
| $3.33M | ﹤0.01% |
+61,400
| New | +$3.27M |
|
554
Plexus
PLXS
$6.47B
| $3.18M | ﹤0.01% |
78,081
+6,998
| +10% | +$280K |
|
|
ADVM
555
DELISTED
Adverum Biotechnologies
ADVM
| $3.18M | ﹤0.01% |
7,848
+25
| +0.3% | +$10.6K |
|
|
CIVI
556
DELISTED
Civitas Resources
CIVI
| $3.17M | ﹤0.01% |
1,151
-10,861
| -90% | -$31.1M |
|
|
XNPT
557
DELISTED
XENOPORT, INC.
XNPT
| $3.13M | ﹤0.01% |
438,974
+1,403
| +0.3% | +$10.9K |
|
|
TEN
558
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $3.1M | ﹤0.01% |
53,922
-11,641
| -18% | -$645K |
|
|
RRMS
559
DELISTED
ROSE ROCK MIDSTREAM L P COM UNIT REPSTG LTD (DE)
RRMS
| $3.02M | ﹤0.01% |
63,484
+37,190
| +141% | +$1.63M |
|
560
Brunswick
BC
$5.18B
| $2.99M | ﹤0.01% |
58,170
-46,490
| -44% | -$2.47M |
|
561
American Express
AXP
$228B
| $2.98M | ﹤0.01% |
+38,078
| New | +$3.16M |
|
|
UTX.PRA
562
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
| $2.97M | ﹤0.01% |
48,297
| – | – |
|
563
RLI Corp
RLI
$5.62B
| $2.94M | ﹤0.01% |
112,044
+35,512
| +46% | +$877K |
|
564
Gartner
IT
$10.2B
| $2.93M | ﹤0.01% |
34,905
-3,618
| -9% | -$299K |
|
|
BPL
565
DELISTED
Buckeye Partners, L.P.
BPL
| $2.93M | ﹤0.01% |
+38,747
| New | +$2.91M |
|
566
Encompass Health
EHC
$11B
| $2.91M | ﹤0.01% |
82,419
+36,689
| +80% | +$1.26M |
|
|
EEP
567
DELISTED
Enbridge Energy Partners
EEP
| $2.91M | ﹤0.01% |
80,708
+29,562
| +58% | +$1.13M |
|
568
MacroGenics
MGNX
$240M
| $2.8M | ﹤0.01% |
89,152
+286
| +0.3% | +$9.69K |
|
569
Ventas
VTR
$44.7B
| $2.79M | ﹤0.01% |
+33,492
| New | +$2.88M |
|
|
INNL
570
DELISTED
Innocoll Holdings plc Ordinary Shares
INNL
| $2.77M | ﹤0.01% |
347,828
+565
| +0.2% | +$4.44K |
|
|
MWE
571
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $2.76M | ﹤0.01% |
41,795
-633,566
| -94% | -$38.9M |
|
|
NS
572
DELISTED
NuStar Energy L.P.
NS
| $2.74M | ﹤0.01% |
45,152
+26,387
| +141% | +$1.6M |
|
|
WNRL
573
DELISTED
Western Refining Logistics, LP
WNRL
| $2.72M | ﹤0.01% |
93,837
+22,761
| +32% | +$656K |
|
|
CALA
574
DELISTED
Calithera Biosciences, Inc
CALA
| $2.71M | ﹤0.01% |
8,242
-28,658
| -78% | -$10.2M |
|
575
Lumen
LUMN
$6.76B
| $2.69M | ﹤0.01% |
77,893
-1,344,573
| -95% | -$50.2M |
|
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Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.