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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.96% |
| 2 | Healthcare | 15.31% |
| 3 | Consumer Discretionary | 14.83% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOLX
676
DELISTED
Hologic
HOLX
| – | – |
-9,997
| Closed | -$454K |
|
677
Hormel Foods
HRL
$14B
| – | – |
-21,548
| Closed | -$735K |
|
678
Hershey
HSY
$34.8B
| – | – |
-235,905
| Closed | -$25.3M |
|
679
iShares Biotechnology ETF
IBB
$9.23B
| – | – |
-1,950
| Closed | -$208K |
|
680
Intel
INTC
$478B
| – | – |
-44,423
| Closed | -$1.5M |
|
681
Invesco
IVZ
$13.1B
| – | – |
-6,100
| Closed | -$215K |
|
682
Keurig Dr Pepper
KDP
$42.1B
| – | – |
-14,218
| Closed | -$1.29M |
|
683
Omega Healthcare
OHI
$15B
| – | – |
-109,246
| Closed | -$3.61M |
|
|
684
O'Reilly Automotive
ORLY
$71.3B
| – | – |
-38,331,990
| Closed | -$559M |
|
685
Prosperity Bancshares
PB
$8.81B
| – | – |
-34,495
| Closed | -$2.22M |
|
686
PACCAR
PCAR
$66.4B
| – | – |
-21,246
| Closed | -$935K |
|
687
Progressive
PGR
$121B
| – | – |
-4,665
| Closed | -$206K |
|
688
Park Hotels & Resorts
PK
$3B
| – | – |
-1,248,141
| Closed | -$33.6M |
|
689
Repligen
RGEN
$8.31B
| – | – |
-7,026
| Closed | -$291K |
|
690
Surgery Partners
SGRY
$2.09B
| – | – |
-41,737
| Closed | -$950K |
|
691
Stanley Black & Decker
SWK
$14B
| – | – |
-12,614
| Closed | -$1.77M |
|
692
CALL
Tenet Healthcare
THC
$16.8B
| – | – |
-300,000
| Closed | -$5.8M |
|
693
Tyson Foods
TSN
$20.3B
| – | – |
-39,008
| Closed | -$2.44M |
|
|
TTSH
694
DELISTED
Tile Shop Holdings
TTSH
| – | – |
-235,366
| Closed | -$4.86M |
|
695
Viatris
VTRS
$20.1B
| – | – |
-559,908
| Closed | -$21.7M |
|
|
WBA
696
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-14,172
| Closed | -$1.11M |
|
697
Warner Bros
WBD
$67.4B
| – | – |
-25,051
| Closed | -$647K |
|
698
Webster Financial
WBS
$12.3B
| – | – |
-47,275
| Closed | -$2.47M |
|
699
W.R. Berkley
WRB
$26.7B
| – | – |
-890,764
| Closed | -$18.3M |
|
700
Williams-Sonoma
WSM
$26.9B
| – | – |
-45,664
| Closed | -$1.11M |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.38B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.