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 |
SLB Ltd
SLB
|
+$461M |
| 2 |
Qualcomm
QCOM
|
+$450M |
| 3 |
Marriott International
MAR
|
+$341M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$283M |
| 5 |
NRG Energy
NRG
|
+$207M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$962M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$551M |
| 3 |
WFM
Whole Foods Market Inc
WFM
|
+$510M |
| 4 |
Goldman Sachs
GS
|
+$478M |
| 5 |
Estee Lauder
EL
|
+$329M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.96% |
| 2 | Consumer Discretionary | 14.17% |
| 3 | Communication Services | 11.56% |
| 4 | Technology | 11.12% |
| 5 | Energy | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Plains All American Pipeline
PAA
$17.4B
| $1.17M | ﹤0.01% |
19,553
-475
| -2% | -$27K |
|
627
PPG Industries
PPG
$25.9B
| $1.16M | ﹤0.01% |
11,000
+1,392
| +14% | +$138K |
|
|
OKS
628
DELISTED
Oneok Partners LP
OKS
| $1.15M | ﹤0.01% |
19,693
-406
| -2% | -$22.6K |
|
|
ENBL
629
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $1.15M | ﹤0.01% |
+44,039
| New | +$1.07M |
|
|
ESV
630
DELISTED
Ensco Rowan plc
ESV
| $1.14M | ﹤0.01% |
5,146
-111,071
| -96% | -$23M |
|
631
Chefs' Warehouse
CHEF
$3.87B
| $1.14M | ﹤0.01% |
57,470
-693,974
| -92% | -$13.5M |
|
|
PPS
632
DELISTED
Post Properties
PPS
| $1.13M | ﹤0.01% |
+21,151
| New | +$1.08M |
|
|
DCT
633
DELISTED
DCT Industrial Trust Inc.
DCT
| $1.13M | ﹤0.01% |
34,425
+7,181
| +26% | +$227K |
|
|
CHK
634
DELISTED
Chesapeake Energy Corporation
CHK
| $1.13M | ﹤0.01% |
192
-24
| -11% | -$131K |
|
|
MMP
635
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $1.11M | ﹤0.01% |
13,217
+612
| +5% | +$48K |
|
636
APA Corp
APA
$12.8B
| $1.1M | ﹤0.01% |
10,900
-1,397
| -11% | -$127K |
|
|
EGRX
637
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $1.09M | ﹤0.01% |
75,836
-78,698
| -51% | -$897K |
|
638
Steel Dynamics
STLD
$35.6B
| $1.07M | ﹤0.01% |
59,681
-35
| -0.1% | -$629 |
|
|
LHO
639
DELISTED
LaSalle Hotel Properties
LHO
| $1.05M | ﹤0.01% |
29,718
+20,013
| +206% | +$665K |
|
|
SMC
640
Summit Midstream
SMC
$421M
| $1.04M | ﹤0.01% |
1,364
+63
| +5% | +$42.8K |
|
641
EQT Corp
EQT
$33.2B
| $1.02M | ﹤0.01% |
17,536
-57,156
| -77% | -$3.28M |
|
642
Trex
TREX
$4.51B
| $1.02M | ﹤0.01% |
141,132
+65,964
| +88% | +$559K |
|
|
FNSR
643
DELISTED
Finisar Corp
FNSR
| $994K | ﹤0.01% |
50,354
+17,115
| +51% | +$411K |
|
|
APL
644
DELISTED
ATLAS PIPELINE PARTNERS LP UTS
APL
| $979K | ﹤0.01% |
28,467
-14,377
| -34% | -$469K |
|
|
XLS
645
DELISTED
EXELIS INC COM STK
XLS
| $966K | ﹤0.01% |
60,945
-3
| -0% | -$49 |
|
646
ArcelorMittal
MT
$50.4B
| $953K | ﹤0.01% |
27,929
-3,583
| -11% | -$129K |
|
647
Meritage Homes
MTH
$4.87B
| $944K | ﹤0.01% |
44,752
-76,668
| -63% | -$1.55M |
|
|
EXPR
648
DELISTED
Express, Inc.
EXPR
| $939K | ﹤0.01% |
2,756
-78,388
| -97% | -$23.4M |
|
649
Cheniere Energy
CQP
$31.8B
| $917K | ﹤0.01% |
+27,745
| New | +$906K |
|
650
Nucor
NUE
$56.4B
| $909K | ﹤0.01% |
18,459
-2,368
| -11% | -$122K |
|
Similar funds
Jennison Associates's Q2 2014 Portfolio in Review
As of Q2 2014, Jennison Associates held 796 positions worth $109B, up 4.1% from $105B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates's Q2 2014 filing shows 64 new, 297 increased, 319 reduced and 90 closed positions. Its largest new stake was Qualcomm: 5,657,444 shares worth $448M. The largest sale was Allergan Inc, an estimated $962M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2014 buy was Qualcomm: 5,657,444 shares worth $448M.
- Jennison Associates added most to SLB Ltd in Q2 2014, an estimated $461M increase.
- Jennison Associates's biggest Q2 2014 reduction was Allergan Inc, cutting an estimated $962M.
- Jennison Associates fully exited Estee Lauder in Q2 2014, selling an estimated $329M.
- Jennison Associates's ten largest holdings make up 19% of its $109B portfolio in Q2 2014.
- Jennison Associates opened 64 new positions and closed 90 in Q2 2014.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q2 2014, filed 8 Aug 2014.