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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PSXP
601
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $1.92M | ﹤0.01% |
38,928
-105,645
| -73% | -$6.14M |
|
602
General Dynamics
GD
$103B
| $1.87M | ﹤0.01% |
+13,529
| New | +$1.96M |
|
603
State Street SPDR S&P Metals & Mining ETF
XME
$3.75B
| $1.83M | ﹤0.01% |
109,603
+960
| +0.9% | +$19.1K |
|
604
Webster Financial
WBS
$12.3B
| $1.81M | ﹤0.01% |
50,808
-77,615
| -60% | -$2.89M |
|
|
PLG
605
Platinum Group Metals
PLG
$160M
| $1.79M | ﹤0.01% |
77,990
| – | – |
|
|
AM
606
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $1.73M | ﹤0.01% |
96,741
-1,347,897
| -93% | -$32.1M |
|
607
Valley National Bancorp
VLY
$7.9B
| $1.68M | ﹤0.01% |
170,235
-275,848
| -62% | -$2.71M |
|
|
DNB
608
DELISTED
Dun & Bradstreet
DNB
| $1.65M | ﹤0.01% |
15,735
-134
| -0.8% | -$15.3K |
|
609
Asbury Automotive
ABG
$4.62B
| $1.62M | ﹤0.01% |
19,921
-31,990
| -62% | -$2.71M |
|
610
ITT
ITT
$17.1B
| $1.61M | ﹤0.01% |
48,151
+24,084
| +100% | +$893K |
|
|
LUX
611
DELISTED
Luxottica Group
LUX
| $1.54M | ﹤0.01% |
22,308
-1,479
| -6% | -$102K |
|
|
STDY
612
DELISTED
SteadyMed Ltd
STDY
| $1.53M | ﹤0.01% |
432,255
+1,159
| +0.3% | +$5.28K |
|
613
State Street Energy Select Sector SPDR ETF
XLE
$39B
| $1.48M | ﹤0.01% |
48,406
-2,826
| -6% | -$95.2K |
|
614
HF Sinclair
DINO
$16.2B
| $1.41M | ﹤0.01% |
+28,809
| New | +$1.37M |
|
615
Piper Sandler
PIPR
$4.99B
| $1.34M | ﹤0.01% |
148,020
-181,964
| -55% | -$1.87M |
|
616
Lazard
LAZ
$3.96B
| $1.3M | ﹤0.01% |
30,136
+5,293
| +21% | +$273K |
|
617
RBC Bearings
RBC
$17.4B
| $1.28M | ﹤0.01% |
21,424
-31,196
| -59% | -$2.03M |
|
618
Encompass Health
EHC
$11.3B
| $1.27M | ﹤0.01% |
41,740
-31,206
| -43% | -$1.09M |
|
619
Compass Minerals
CMP
$1.23B
| $1.26M | ﹤0.01% |
16,092
-1,012
| -6% | -$83.1K |
|
620
Extra Space Storage
EXR
$32.3B
| $1.2M | ﹤0.01% |
15,510
-136
| -0.9% | -$9.96K |
|
621
Welltower
WELL
$174B
| $1.18M | ﹤0.01% |
+17,471
| New | +$1.17M |
|
622
Moog Inc Class A
MOG.A
$12.4B
| $1.16M | ﹤0.01% |
21,443
-26,848
| -56% | -$1.73M |
|
623
ImmunityBio
IBRX
$7.15B
| $1.15M | ﹤0.01% |
+100,253
| New | +$2.19M |
|
624
Plexus
PLXS
$6.43B
| $1.14M | ﹤0.01% |
29,643
-54,907
| -65% | -$2.11M |
|
|
DFRG
625
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $1.08M | ﹤0.01% |
78,010
-1,777,830
| -96% | -$27M |
|
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Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.