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 | |
|---|---|---|---|---|---|---|
|
JOY
676
DELISTED
Joy Global Inc
JOY
| $474K | ﹤0.01% |
16,942
-1,055
| -6% | -$29.5K |
|
677
LyondellBasell Industries
LYB
$18.9B
| $473K | ﹤0.01% |
+5,515
| New | +$463K |
|
678
Kennametal
KMT
$2.69B
| $470K | ﹤0.01% |
15,034
-37,160
| -71% | -$1.17M |
|
|
SE
679
DELISTED
Spectra Energy Corp Wi
SE
| $466K | ﹤0.01% |
11,342
-39,505
| -78% | -$1.64M |
|
680
Aflac
AFL
$64.4B
| $461K | ﹤0.01% |
+13,252
| New | +$467K |
|
681
State Street
STT
$50.7B
| $461K | ﹤0.01% |
+5,931
| New | +$446K |
|
682
Sysco
SYY
$40.2B
| $457K | ﹤0.01% |
+8,262
| New | +$429K |
|
683
Prologis
PLD
$137B
| $450K | ﹤0.01% |
+8,525
| New | +$433K |
|
|
HMHC
684
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $449K | ﹤0.01% |
41,379
-1,144
| -3% | -$13.4K |
|
685
Allstate
ALL
$67.3B
| $445K | ﹤0.01% |
+6,009
| New | +$423K |
|
|
STI
686
DELISTED
SunTrust Banks, Inc.
STI
| $445K | ﹤0.01% |
+8,111
| New | +$405K |
|
687
HCA Healthcare
HCA
$86.4B
| $438K | ﹤0.01% |
+5,917
| New | +$443K |
|
688
ICICI Bank
IBN
$107B
| $432K | ﹤0.01% |
+63,405
| New | +$452K |
|
689
Archer Daniels Midland
ADM
$40.1B
| $430K | ﹤0.01% |
+9,411
| New | +$417K |
|
|
HSNI
690
DELISTED
HSN, Inc.
HSNI
| $427K | ﹤0.01% |
12,439
-340
| -3% | -$12.7K |
|
691
Zumiez
ZUMZ
$328M
| $425K | ﹤0.01% |
19,450
-534
| -3% | -$12.4K |
|
|
PARA
692
DELISTED
Paramount Global Class B
PARA
| $419K | ﹤0.01% |
6,582
-31,566
| -83% | -$1.87M |
|
693
HP
HPQ
$24.3B
| $411K | ﹤0.01% |
+27,677
| New | +$419K |
|
694
American Airlines Group
AAL
$9.9B
| $400K | ﹤0.01% |
+8,572
| New | +$373K |
|
695
MakeMyTrip
MMYT
$4.97B
| $400K | ﹤0.01% |
+18,000
| New | +$448K |
|
|
PKY
696
DELISTED
Parkway, Inc.
PKY
| $400K | ﹤0.01% |
17,984
-964,585
| -98% | -$18.2M |
|
697
TE Connectivity
TEL
$60.2B
| $398K | ﹤0.01% |
+5,752
| New | +$381K |
|
|
ATVI
698
DELISTED
Activision Blizzard
ATVI
| $398K | ﹤0.01% |
+11,035
| New | +$441K |
|
699
M&T Bank
MTB
$36B
| $397K | ﹤0.01% |
+2,536
| New | +$343K |
|
700
Intuitive Surgical
ISRG
$128B
| $395K | ﹤0.01% |
+5,607
| New | +$412K |
|
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.