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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBPO
626
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $255K | ﹤0.01% |
2,397
| – | – |
|
627
Vitamin Cottage Natural Grocers
NGVC
$633M
| $250K | ﹤0.01% |
19,179
-1,053
| -5% | -$15.5K |
|
628
NETSCOUT
NTCT
$2.84B
| $243K | ﹤0.01% |
+10,930
| New | +$253K |
|
629
Coherus Oncology
CHRS
$218M
| $228K | ﹤0.01% |
+13,493
| New | +$253K |
|
630
Public Storage
PSA
$58.5B
| $209K | ﹤0.01% |
+819
| New | +$210K |
|
631
Asbury Automotive
ABG
$3.8B
| – | – |
-11,290
| Closed | -$676K |
|
632
Acadia Pharmaceuticals
ACAD
$5.02B
| – | – |
-58,417
| Closed | -$1.63M |
|
633
Aon
AON
$75.4B
| – | – |
-10,313
| Closed | -$1.08M |
|
634
Baidu
BIDU
$32.9B
| – | – |
-1,172
| Closed | -$224K |
|
635
Cardinal Health
CAH
$54.6B
| – | – |
-37,812
| Closed | -$3.1M |
|
636
Casey's General Stores
CASY
$28B
| – | – |
-2,334
| Closed | -$264K |
|
637
Cummins
CMI
$77.8B
| – | – |
-12,192
| Closed | -$1.34M |
|
638
Expedia Group
EXPE
$39.5B
| – | – |
-7,089
| Closed | -$764K |
|
639
Flowserve
FLS
$10.2B
| – | – |
-603,382
| Closed | -$26.8M |
|
640
Gilead Sciences
GILD
$181B
| – | – |
-9,147
| Closed | -$840K |
|
641
General Mills
GIS
$22.2B
| – | – |
-48,830
| Closed | -$3.09M |
|
642
Globus Medical
GMED
$11.1B
| – | – |
-9,780
| Closed | -$232K |
|
643
Group 1 Automotive
GPI
$3.15B
| – | – |
-10,917
| Closed | -$641K |
|
644
HealthEquity
HQY
$7.97B
| – | – |
-21,659
| Closed | -$534K |
|
645
Herc Holdings
HRI
$5.03B
| – | – |
-2,484,271
| Closed | -$78.5M |
|
646
IBM
IBM
$222B
| – | – |
-14,853
| Closed | -$2.15M |
|
|
HAPN
647
Happen Inc
HAPN
$2.06B
| – | – |
-164,018
| Closed | -$6.81M |
|
648
Lear
LEA
$8.26B
| – | – |
-477,988
| Closed | -$53.1M |
|
649
Macy's
M
$5.79B
| – | – |
-1,371,063
| Closed | -$60.5M |
|
|
MRSH
650
Marsh
MRSH
$91.9B
| – | – |
-36,694
| Closed | -$2.23M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.