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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.28% |
| 2 | Consumer Discretionary | 14.62% |
| 3 | Technology | 10.39% |
| 4 | Communication Services | 9.8% |
| 5 | Energy | 9.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JWN
701
DELISTED
Nordstrom
JWN
| – | – |
-532,079
| Closed | -$31.9M |
|
702
Kinder Morgan
KMI
$70.9B
| – | – |
-75,881
| Closed | -$2.9M |
|
703
Coca-Cola
KO
$383B
| – | – |
-31,669
| Closed | -$1.27M |
|
704
Kohl's
KSS
$2.16B
| – | – |
-59,837
| Closed | -$3.02M |
|
705
Lowe's Companies
LOW
$121B
| – | – |
-13,657
| Closed | -$559K |
|
706
lululemon athletica
LULU
$13.5B
| – | – |
-3,365,296
| Closed | -$220M |
|
|
MASI
707
DELISTED
Masimo
MASI
| – | – |
-13,801
| Closed | -$293K |
|
708
Altria Group
MO
$125B
| – | – |
-13,696
| Closed | -$479K |
|
709
The Mosaic Company
MOS
$7.19B
| – | – |
-1,791,099
| Closed | -$96.4M |
|
|
MPT
710
Medical Properties Trust
MPT
$2.84B
| – | – |
-1,242,288
| Closed | -$17.8M |
|
711
PepsiCo
PEP
$196B
| – | – |
-6,048
| Closed | -$495K |
|
712
Philip Morris
PM
$309B
| – | – |
-5,197
| Closed | -$450K |
|
713
Steel Dynamics
STLD
$36.4B
| – | – |
-40,472
| Closed | -$603K |
|
714
T. Rowe Price
TROW
$25.5B
| – | – |
-935,750
| Closed | -$68.5M |
|
715
Vulcan Materials
VMC
$36.8B
| – | – |
-15,015
| Closed | -$727K |
|
716
Vera Bradley
VRA
$98.7M
| – | – |
-214,154
| Closed | -$4.64M |
|
717
Western Digital
WDC
$159B
| – | – |
-53,452
| Closed | -$2.51M |
|
718
WEC Energy
WEC
$36.3B
| – | – |
-574,224
| Closed | -$23.5M |
|
719
WEX
WEX
$6.42B
| – | – |
-34,227
| Closed | -$2.63M |
|
720
Xylem
XYL
$28.5B
| – | – |
-634,248
| Closed | -$17.1M |
|
|
PDCO
721
DELISTED
Patterson Companies, Inc.
PDCO
| – | – |
-15,978
| Closed | -$601K |
|
|
CLVS
722
DELISTED
Clovis Oncology, Inc.
CLVS
| – | – |
-56,959
| Closed | -$3.81M |
|
|
CCXI
723
DELISTED
ChemoCentryx, Inc.
CCXI
| – | – |
-2,147,429
| Closed | -$30.4M |
|
|
PSB
724
DELISTED
PS Business Parks, Inc.
PSB
| – | – |
-358,955
| Closed | -$25.9M |
|
|
PBCT
725
DELISTED
People's United Financial Inc
PBCT
| – | – |
-228,125
| Closed | -$3.4M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,942,523 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.