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 |
Perrigo
PRGO
|
+$672M |
| 2 |
Merck
MRK
|
+$608M |
| 3 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$384M |
| 4 |
Las Vegas Sands
LVS
|
+$378M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$518M |
| 2 |
eBay
EBAY
|
+$474M |
| 3 |
Estee Lauder
EL
|
+$435M |
| 4 |
Goldman Sachs
GS
|
+$323M |
| 5 |
TechnipFMC
FTI
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 13.85% |
| 3 | Communication Services | 11.23% |
| 4 | Technology | 10.46% |
| 5 | Energy | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MMP
651
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $879K | ﹤0.01% |
+12,605
| New | +$839K |
|
|
BLOX
652
DELISTED
Infoblox Inc
BLOX
| $876K | ﹤0.01% |
43,658
+11,897
| +37% | +$329K |
|
653
AGCO
AGCO
$7.76B
| $875K | ﹤0.01% |
15,870
-5,365
| -25% | -$287K |
|
654
Group 1 Automotive
GPI
$3.53B
| $860K | ﹤0.01% |
13,103
-711
| -5% | -$46.3K |
|
|
DCT
655
DELISTED
DCT Industrial Trust Inc.
DCT
| $859K | ﹤0.01% |
27,244
+9,376
| +52% | +$282K |
|
|
MRSH
656
Marsh
MRSH
$91.4B
| $852K | ﹤0.01% |
+17,288
| New | +$828K |
|
|
RRMS
657
DELISTED
ROSE ROCK MIDSTREAM L P COM UNIT REPSTG LTD (DE)
RRMS
| $852K | ﹤0.01% |
+20,528
| New | +$784K |
|
658
Enovis
ENOV
$1.69B
| $848K | ﹤0.01% |
6,909
-90
| -1% | -$10.3K |
|
659
NETGEAR
NTGR
$616M
| $843K | ﹤0.01% |
24,983
-11,371
| -31% | -$381K |
|
|
SAFM
660
DELISTED
Sanderson Farms Inc
SAFM
| $842K | ﹤0.01% |
10,728
-94
| -0.9% | -$7.01K |
|
|
SMC
661
Summit Midstream
SMC
$421M
| $840K | ﹤0.01% |
+1,301
| New | +$765K |
|
662
Enterprise Products Partners
EPD
$82.5B
| $816K | ﹤0.01% |
23,542
+17,060
| +263% | +$565K |
|
|
RDS.A
663
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $813K | ﹤0.01% |
11,121
+5,768
| +108% | +$412K |
|
|
DCP
664
DELISTED
DCP Midstream, LP
DCP
| $804K | ﹤0.01% |
16,044
+11,824
| +280% | +$585K |
|
|
CAS
665
DELISTED
A M Castle & Co
CAS
| $787K | ﹤0.01% |
53,557
-468
| -0.9% | -$6.76K |
|
666
AXIS Capital
AXS
$7.67B
| $781K | ﹤0.01% |
17,024
-565,096
| -97% | -$25.3M |
|
667
Align Technology
ALGN
$12.4B
| $778K | ﹤0.01% |
15,026
+6,226
| +71% | +$349K |
|
668
Resources Connection
RGP
$147M
| $774K | ﹤0.01% |
54,967
-494
| -0.9% | -$6.96K |
|
|
BECN
669
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $716K | ﹤0.01% |
18,531
-162
| -0.9% | -$6.26K |
|
670
Valley National Bancorp
VLY
$7.92B
| $690K | ﹤0.01% |
+66,312
| New | +$665K |
|
671
Trex
TREX
$4.56B
| $687K | ﹤0.01% |
75,168
-656
| -0.9% | -$5.87K |
|
|
WNRL
672
DELISTED
Western Refining Logistics, LP
WNRL
| $687K | ﹤0.01% |
+22,043
| New | +$634K |
|
|
FRAN
673
DELISTED
Francesca's Holdings Corporation
FRAN
| $667K | ﹤0.01% |
3,065
-28
| -0.9% | -$6.51K |
|
674
KNOT Offshore Partners
KNOP
$358M
| $665K | ﹤0.01% |
+23,419
| New | +$643K |
|
675
RLI Corp
RLI
$5.62B
| $619K | ﹤0.01% |
+27,976
| New | +$612K |
|
Similar funds
Jennison Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Jennison Associates held 826 positions worth $105B, up 2.6% from $102B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Jennison Associates's Q1 2014 filing shows 122 new, 275 increased, 321 reduced and 94 closed positions. Its largest new stake was Perrigo: 4,257,843 shares worth $659M. The largest sale was Ralph Lauren, an estimated $518M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2014 buy was Perrigo: 4,257,843 shares worth $659M.
- Jennison Associates added most to Merck in Q1 2014, an estimated $608M increase.
- Jennison Associates's biggest Q1 2014 reduction was Estee Lauder, cutting an estimated $435M.
- Jennison Associates fully exited Ralph Lauren in Q1 2014, selling an estimated $518M.
- Jennison Associates's ten largest holdings make up 18% of its $105B portfolio in Q1 2014.
- Jennison Associates opened 122 new positions and closed 94 in Q1 2014.
- Jennison Associates's portfolio value rose 2.6% quarter-over-quarter to $105B.
Based on Jennison Associates's 13F filing for Q1 2014, filed 7 May 2014.