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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.7% |
| 2 | Consumer Discretionary | 17.46% |
| 3 | Healthcare | 13.37% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Hewlett Packard
HPE
$63.8B
| $622K | ﹤0.01% |
+46,252
| New | +$618K |
|
|
CBPO
652
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $618K | ﹤0.01% |
5,744
+4,079
| +245% | +$477K |
|
|
CIR
653
DELISTED
CIRCOR International, Inc
CIR
| $615K | ﹤0.01% |
9,479
-244
| -3% | -$14.5K |
|
|
BIG
654
DELISTED
Big Lots, Inc.
BIG
| $614K | ﹤0.01% |
12,223
-245
| -2% | -$12K |
|
655
Vale
VALE
$62.9B
| $607K | ﹤0.01% |
+79,649
| New | +$584K |
|
656
Acadia Realty Trust
AKR
$2.99B
| $601K | ﹤0.01% |
18,385
-32,776
| -64% | -$1.09M |
|
657
General Mills
GIS
$19.5B
| $597K | ﹤0.01% |
+9,658
| New | +$598K |
|
658
Delta Air Lines
DAL
$57B
| $596K | ﹤0.01% |
+12,115
| New | +$552K |
|
659
Emerson Electric
EMR
$83.6B
| $580K | ﹤0.01% |
10,410
+322
| +3% | +$17.3K |
|
660
Travelers Companies
TRV
$81.4B
| $571K | ﹤0.01% |
+4,664
| New | +$532K |
|
661
Becton Dickinson
BDX
$43.8B
| $570K | ﹤0.01% |
+3,531
| New | +$586K |
|
662
Applied Materials
AMAT
$410B
| $564K | ﹤0.01% |
+17,486
| New | +$532K |
|
663
CSX Corp
CSX
$96B
| $550K | ﹤0.01% |
+45,909
| New | +$515K |
|
664
Cognizant
CTSH
$22.3B
| $550K | ﹤0.01% |
+9,819
| New | +$525K |
|
|
YHOO
665
DELISTED
Yahoo Inc
YHOO
| $548K | ﹤0.01% |
+14,165
| New | +$581K |
|
|
EIGI
666
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $542K | ﹤0.01% |
58,228
+7,026
| +14% | +$57.2K |
|
|
PX
667
DELISTED
Praxair Inc
PX
| $541K | ﹤0.01% |
+4,614
| New | +$548K |
|
668
Public Storage
PSA
$60.5B
| $539K | ﹤0.01% |
+2,412
| New | +$513K |
|
|
PRXL
669
DELISTED
Parexel International Corp
PRXL
| $535K | ﹤0.01% |
+8,140
| New | +$510K |
|
670
Coherus Oncology
CHRS
$225M
| $532K | ﹤0.01% |
18,895
+4,470
| +31% | +$125K |
|
671
Kroger
KR
$35.5B
| $530K | ﹤0.01% |
15,352
-88,208
| -85% | -$2.88M |
|
|
FNSR
672
DELISTED
Finisar Corp
FNSR
| $501K | ﹤0.01% |
+16,543
| New | +$508K |
|
673
Southwest Airlines
LUV
$22.2B
| $500K | ﹤0.01% |
10,034
-10,342
| -51% | -$464K |
|
674
Deere & Co
DE
$169B
| $482K | ﹤0.01% |
+4,680
| New | +$440K |
|
675
Home BancShares
HOMB
$6.21B
| $478K | ﹤0.01% |
17,225
-23,525
| -58% | -$571K |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.76B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.