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 | |
|---|---|---|---|---|---|---|
551
Webster Financial
WBS
$12.5B
| $2.2M | ﹤0.01% |
57,827
+328
| +0.6% | +$12.1K |
|
|
SE
552
DELISTED
Spectra Energy Corp Wi
SE
| $2.17M | ﹤0.01% |
+50,847
| New | +$1.94M |
|
|
PARA
553
DELISTED
Paramount Global Class B
PARA
| $2.09M | ﹤0.01% |
+38,148
| New | +$2.02M |
|
554
PUT
iShares Biotechnology ETF
IBB
$9.44B
| $2.06M | ﹤0.01% |
21,315
-59,874
| -74% | -$5.7M |
|
555
RLI Corp
RLI
$5.88B
| $2.01M | ﹤0.01% |
58,726
-5,006
| -8% | -$172K |
|
556
Glacier Bancorp
GBCI
$6.38B
| $1.92M | ﹤0.01% |
67,170
-4,619
| -6% | -$130K |
|
557
PUT
iShares US Healthcare ETF
IYH
$3.38B
| $1.91M | ﹤0.01% |
63,500
-216,040
| -77% | -$6.6M |
|
|
TIME
558
DELISTED
Time Inc.
TIME
| $1.91M | ﹤0.01% |
131,603
+14,794
| +13% | +$223K |
|
559
Plexus
PLXS
$6.78B
| $1.88M | ﹤0.01% |
40,120
-2,435
| -6% | -$112K |
|
560
Semtech
SMTC
$11.3B
| $1.87M | ﹤0.01% |
67,454
+46,207
| +217% | +$1.19M |
|
561
Lam Research
LRCX
$365B
| $1.87M | ﹤0.01% |
+197,140
| New | +$1.79M |
|
562
Acadia Realty Trust
AKR
$2.99B
| $1.85M | ﹤0.01% |
51,161
+9,073
| +22% | +$331K |
|
563
Adtran
ADTN
$769M
| $1.8M | ﹤0.01% |
94,327
+3,356
| +4% | +$61.8K |
|
564
iShares Russell 1000 Growth ETF
IWF
$120B
| $1.75M | ﹤0.01% |
+67,052
| New | +$1.74M |
|
|
AMED
565
DELISTED
Amedisys
AMED
| $1.68M | ﹤0.01% |
35,346
-50
| -0.1% | -$2.5K |
|
|
CMO
566
DELISTED
Capstead Mortgage Corp.
CMO
| $1.67M | ﹤0.01% |
177,269
-3,924
| -2% | -$39.1K |
|
567
Altria Group
MO
$122B
| $1.66M | ﹤0.01% |
26,170
-685
| -3% | -$45.5K |
|
568
Kennametal
KMT
$2.69B
| $1.51M | ﹤0.01% |
+52,194
| New | +$1.38M |
|
569
Provident Financial Services
PFS
$3.11B
| $1.45M | ﹤0.01% |
68,510
-282,458
| -80% | -$5.82M |
|
|
TVTY
570
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $1.41M | ﹤0.01% |
+53,273
| New | +$1.08M |
|
571
State Street Energy Select Sector SPDR ETF
XLE
$38.8B
| $1.35M | ﹤0.01% |
38,242
-3,652
| -9% | -$125K |
|
572
Gartner
IT
$9.87B
| $1.3M | ﹤0.01% |
14,708
-20,291
| -58% | -$1.9M |
|
|
STDY
573
DELISTED
SteadyMed Ltd
STDY
| $1.27M | ﹤0.01% |
354,938
-1,102
| -0.3% | -$3.77K |
|
|
NAK
574
Northern Dynasty Minerals
NAK
$857M
| $1.26M | ﹤0.01% |
1,780,964
| – | – |
|
575
Stryker
SYK
$129B
| $1.24M | ﹤0.01% |
10,640
-300
| -3% | -$35K |
|
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.