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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.96% |
| 2 | Healthcare | 15.31% |
| 3 | Consumer Discretionary | 14.83% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Provident Financial Services
PFS
$3.14B
| $1.37M | ﹤0.01% |
51,232
+69
| +0.1% | +$1.75K |
|
577
Curtiss-Wright
CW
$26.1B
| $1.35M | ﹤0.01% |
12,899
+26
| +0.2% | +$2.52K |
|
578
Acadia Realty Trust
AKR
$3B
| $1.33M | ﹤0.01% |
+46,448
| New | +$1.34M |
|
|
SAFM
579
DELISTED
Sanderson Farms Inc
SAFM
| $1.33M | ﹤0.01% |
+8,216
| New | +$1.14M |
|
580
United Natural Foods
UNFI
$2.97B
| $1.24M | ﹤0.01% |
29,858
+10,338
| +53% | +$385K |
|
581
LyondellBasell Industries
LYB
$19.1B
| $1.23M | ﹤0.01% |
12,382
-17,079
| -58% | -$1.54M |
|
582
Ameris Bancorp
ABCB
$6.21B
| $1.21M | ﹤0.01% |
25,297
-2,434
| -9% | -$110K |
|
583
Moog Inc Class A
MOG.A
$12.5B
| $1.2M | ﹤0.01% |
14,427
+65
| +0.5% | +$4.92K |
|
|
TPH
584
DELISTED
Tri Pointe Homes
TPH
| $1.13M | ﹤0.01% |
81,937
+94
| +0.1% | +$1.25K |
|
585
Marcus & Millichap
MMI
$1.18B
| $1.04M | ﹤0.01% |
38,547
-257,780
| -87% | -$6.71M |
|
586
Cheesecake Factory
CAKE
$4.26B
| $1.03M | ﹤0.01% |
+24,495
| New | +$1.09M |
|
|
ORBC
587
DELISTED
ORBCOMM, Inc.
ORBC
| $1.03M | ﹤0.01% |
+98,231
| New | +$1.09M |
|
588
First Interstate BancSystem
FIBK
$3.81B
| $923K | ﹤0.01% |
+24,122
| New | +$874K |
|
589
Pultegroup
PHM
$24B
| $912K | ﹤0.01% |
+33,378
| New | +$845K |
|
|
ISBC
590
DELISTED
Investors Bancorp, Inc.
ISBC
| $899K | ﹤0.01% |
65,942
-757,310
| -92% | -$10M |
|
|
PPBI
591
DELISTED
Pacific Premier Bancorp
PPBI
| $825K | ﹤0.01% |
21,845
+9,227
| +73% | +$332K |
|
|
STMP
592
DELISTED
Stamps.com, Inc.
STMP
| $782K | ﹤0.01% |
+3,857
| New | +$707K |
|
593
Synopsys
SNPS
$73.6B
| $721K | ﹤0.01% |
+8,959
| New | +$695K |
|
594
Credicorp
BAP
$31B
| $716K | ﹤0.01% |
3,490
+66
| +2% | +$13K |
|
595
Brinker International
EAT
$8.12B
| $713K | ﹤0.01% |
+22,369
| New | +$762K |
|
596
Woodward
WWD
$23.4B
| $702K | ﹤0.01% |
9,044
+35
| +0.4% | +$2.46K |
|
|
TBI
597
Trueblue
TBI
$258M
| $682K | ﹤0.01% |
30,361
-7,436
| -20% | -$168K |
|
598
Mine Safety
MSA
$6.6B
| $681K | ﹤0.01% |
8,566
+28
| +0.3% | +$2.1K |
|
599
Boston Beer
SAM
$1.86B
| $673K | ﹤0.01% |
+4,309
| New | +$630K |
|
600
PPG Industries
PPG
$26.2B
| $639K | ﹤0.01% |
5,878
+2,026
| +53% | +$216K |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.38B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.