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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LHO
651
DELISTED
LaSalle Hotel Properties
LHO
| $249K | ﹤0.01% |
+9,888
| New | +$281K |
|
652
Lockheed Martin
LMT
$131B
| $228K | ﹤0.01% |
+1,050
| New | +$228K |
|
653
Baidu
BIDU
$35.7B
| $222K | ﹤0.01% |
+1,172
| New | +$216K |
|
|
NVTA
654
DELISTED
Invitae Corporation
NVTA
| $217K | ﹤0.01% |
26,407
+63
| +0.2% | +$496 |
|
|
AFMD
655
DELISTED
Affimed
AFMD
| – | – |
-162,061
| Closed | -$10M |
|
656
AGCO
AGCO
$8.41B
| – | – |
-9,278
| Closed | -$433K |
|
657
Applied Materials
AMAT
$347B
| – | – |
-5,007,272
| Closed | -$73.6M |
|
658
Antero Resources
AR
$10.9B
| – | – |
-1,338,954
| Closed | -$28.3M |
|
659
Atara Biotherapeutics
ATRA
$72.6M
| – | – |
-33,767
| Closed | -$26.5M |
|
|
AVDL
660
DELISTED
Avadel Pharmaceuticals
AVDL
| – | – |
-726,586
| Closed | -$11.9M |
|
661
Baxter International
BAX
$12.8B
| – | – |
-86,497
| Closed | -$2.84M |
|
662
Brunswick
BC
$5.23B
| – | – |
-18,102
| Closed | -$867K |
|
663
Brink's
BCO
$5.01B
| – | – |
-119,606
| Closed | -$3.23M |
|
664
Bausch Health
BHC
$1.75B
| – | – |
-308,200
| Closed | -$34.6M |
|
665
BJ's Restaurants
BJRI
$1.47B
| – | – |
-8,615
| Closed | -$371K |
|
|
BLUE
666
PUT
DELISTED
bluebird bio
BLUE
| – | – |
-3,320
| Closed | -$3.68M |
|
667
Cardinal Health
CAH
$53.7B
| – | – |
-12,032
| Closed | -$924K |
|
668
Cheesecake Factory
CAKE
$5.03B
| – | – |
-13,447
| Closed | -$726K |
|
669
Crown Holdings
CCK
$13B
| – | – |
-18,381
| Closed | -$841K |
|
670
Century Aluminum
CENX
$4.22B
| – | – |
-964,870
| Closed | -$4.44M |
|
671
CALL
Cigna
CI
$78.4B
| – | – |
-130,000
| Closed | -$17.6M |
|
|
672
Chipotle Mexican Grill
CMG
$43.9B
| – | – |
-53,094,700
| Closed | -$765M |
|
673
Cummins
CMI
$83.6B
| – | – |
-27,187
| Closed | -$2.95M |
|
674
Compass Minerals
CMP
$1.23B
| – | – |
-16,092
| Closed | -$1.26M |
|
675
Cencora
COR
$62B
| – | – |
-339,205
| Closed | -$32.2M |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.