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 | |
|---|---|---|---|---|---|---|
|
SEE
626
DELISTED
Sealed Air
SEE
| $1.07M | ﹤0.01% |
22,916
+3,684
| +19% | +$190K |
|
|
BKEP
627
DELISTED
Blueknight Energy Partners L.P.
BKEP
| $1.01M | ﹤0.01% |
178,441
-377
| -0.2% | -$2.51K |
|
628
Western Midstream Partners
WES
$19.4B
| $1M | ﹤0.01% |
25,354
-975,497
| -97% | -$52.1M |
|
629
Domino's
DPZ
$11.9B
| $991K | ﹤0.01% |
9,179
-74
| -0.8% | -$8.23K |
|
630
Deere & Co
DE
$165B
| $975K | ﹤0.01% |
13,169
-8,321
| -39% | -$732K |
|
631
Nordson
NDSN
$16.4B
| $954K | ﹤0.01% |
15,163
-131
| -0.9% | -$9.21K |
|
|
NVET
632
DELISTED
Nexvet Biopharma plc Ordinary Shares
NVET
| $954K | ﹤0.01% |
262,056
-148,139
| -36% | -$675K |
|
633
Oshkosh
OSK
$8.82B
| $947K | ﹤0.01% |
26,075
-943
| -3% | -$36.8K |
|
634
Cardinal Health
CAH
$53.7B
| $924K | ﹤0.01% |
12,032
-6,296
| -34% | -$526K |
|
|
FL
635
DELISTED
Foot Locker
FL
| $912K | ﹤0.01% |
12,667
-4,757
| -27% | -$339K |
|
636
Power Integrations
POWI
$3.15B
| $882K | ﹤0.01% |
41,842
-162,424
| -80% | -$3.25M |
|
637
Brunswick
BC
$5.23B
| $867K | ﹤0.01% |
18,102
-32,441
| -64% | -$1.65M |
|
638
WSFS Financial
WSFS
$4.14B
| $865K | ﹤0.01% |
30,036
-19,355
| -39% | -$544K |
|
|
CIR
639
DELISTED
CIRCOR International, Inc
CIR
| $859K | ﹤0.01% |
21,409
-24,089
| -53% | -$1.12M |
|
640
Home BancShares
HOMB
$6.3B
| $857K | ﹤0.01% |
42,298
-29,174
| -41% | -$567K |
|
641
RLI Corp
RLI
$6.02B
| $849K | ﹤0.01% |
31,710
-92,028
| -74% | -$2.49M |
|
642
Crown Holdings
CCK
$13B
| $841K | ﹤0.01% |
18,381
+5,390
| +41% | +$273K |
|
|
BKI
643
DELISTED
Black Knight, Inc. Common Stock
BKI
| $840K | ﹤0.01% |
25,799
-350,221
| -93% | -$11.3M |
|
644
Meritage Homes
MTH
$4.78B
| $821K | ﹤0.01% |
44,966
-60,106
| -57% | -$1.29M |
|
|
TFM
645
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $803K | ﹤0.01% |
35,552
-795,015
| -96% | -$21.6M |
|
646
Penske Automotive Group
PAG
$14.7B
| $800K | ﹤0.01% |
+16,511
| New | +$846K |
|
647
Charles River Laboratories
CRL
$11.3B
| $766K | ﹤0.01% |
12,063
-106
| -0.9% | -$7.61K |
|
|
NAK
648
Northern Dynasty Minerals
NAK
$773M
| $741K | ﹤0.01% |
2,397,185
| – | – |
|
649
Cheesecake Factory
CAKE
$5.03B
| $726K | ﹤0.01% |
13,447
-17,750
| -57% | -$975K |
|
|
THR
650
DELISTED
Thermon Group Holdings
THR
| $692K | ﹤0.01% |
33,650
-21,599
| -39% | -$499K |
|
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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.