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 | |
|---|---|---|---|---|---|---|
676
Charles River Laboratories
CRL
$11.3B
| – | – |
-12,063
| Closed | -$766K |
|
677
Caesarstone
CSTE
$69.5M
| – | – |
-400,712
| Closed | -$12.2M |
|
678
CSX Corp
CSX
$94B
| – | – |
-364,677
| Closed | -$3.27M |
|
|
CTRA
679
DELISTED
Coterra Energy
CTRA
| – | – |
-15,092
| Closed | -$330K |
|
680
Crane NXT
CXT
$2.99B
| – | – |
-28,971
| Closed | -$469K |
|
681
Community Health Systems
CYH
$382M
| – | – |
-9,427
| Closed | -$333K |
|
682
Douglas Emmett
DEI
$2.05B
| – | – |
-191,768
| Closed | -$5.51M |
|
683
Domino's
DPZ
$11.9B
| – | – |
-9,179
| Closed | -$991K |
|
|
DVAX
684
DELISTED
Dynavax Technologies
DVAX
| – | – |
-611,938
| Closed | -$15M |
|
685
EQT Corp
EQT
$32.9B
| – | – |
-7,309
| Closed | -$258K |
|
686
Expedia Group
EXPE
$36.5B
| – | – |
-5,842
| Closed | -$687K |
|
687
Extra Space Storage
EXR
$32.3B
| – | – |
-15,510
| Closed | -$1.2M |
|
688
FedEx
FDX
$73B
| – | – |
-158,179
| Closed | -$22.8M |
|
689
F5
FFIV
$22B
| – | – |
-879,931
| Closed | -$102M |
|
|
FL
690
DELISTED
Foot Locker
FL
| – | – |
-12,667
| Closed | -$912K |
|
691
Flotek Industries
FTK
$789M
| – | – |
-346,397
| Closed | -$34.7M |
|
692
General Dynamics
GD
$103B
| – | – |
-13,529
| Closed | -$1.87M |
|
693
Graco
GGG
$13.2B
| – | – |
-22,743
| Closed | -$508K |
|
694
Glaukos
GKOS
$9.49B
| – | – |
-403,215
| Closed | -$9.75M |
|
|
HOLX
695
DELISTED
Hologic
HOLX
| – | – |
-680,626
| Closed | -$26.6M |
|
696
CALL
Humana
HUM
$43.9B
| – | – |
-100,000
| Closed | -$17.9M |
|
697
Huron Consulting
HURN
$2.76B
| – | – |
-8,960
| Closed | -$560K |
|
|
PPLI
698
People Inc
PPLI
$3.12B
| – | – |
-49,402
| Closed | -$576K |
|
699
ImmunityBio
IBRX
$7.15B
| – | – |
-100,253
| Closed | -$1.15M |
|
700
Iron Mountain
IRM
$35.9B
| – | – |
-10,176
| Closed | -$316K |
|
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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.