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 | |
|---|---|---|---|---|---|---|
701
ITT
ITT
$17.1B
| – | – |
-48,151
| Closed | -$1.61M |
|
702
Jack in the Box
JACK
$314M
| – | – |
-5,427
| Closed | -$418K |
|
703
Kinross Gold
KGC
$27.7B
| – | – |
-161,354
| Closed | -$278K |
|
704
Lazard
LAZ
$4B
| – | – |
-30,136
| Closed | -$1.3M |
|
705
Lennar Class A
LEN
$20.4B
| – | – |
-45,217
| Closed | -$2.07M |
|
706
Lumentum
LITE
$46.9B
| – | – |
-787,566
| Closed | -$13.3M |
|
707
Cheniere Energy
LNG
$54.2B
| – | – |
-6,624
| Closed | -$320K |
|
708
Larimar Therapeutics
LRMR
$377M
| – | – |
-100,837
| Closed | -$38.7M |
|
709
Macy's
M
$6.51B
| – | – |
-39,399
| Closed | -$2.02M |
|
710
ManpowerGroup
MAN
$2.6B
| – | – |
-397,139
| Closed | -$32.5M |
|
711
McKesson
MCK
$104B
| – | – |
-383,659
| Closed | -$71M |
|
712
Madrigal Pharmaceuticals
MDGL
$12.6B
| – | – |
-189,208
| Closed | -$11.5M |
|
713
The Mosaic Company
MOS
$7.19B
| – | – |
-66,120
| Closed | -$2.06M |
|
714
Navient
NAVI
$819M
| – | – |
-5,266,538
| Closed | -$59.2M |
|
715
Nordson
NDSN
$16.4B
| – | – |
-15,163
| Closed | -$954K |
|
716
NOV
NOV
$6.84B
| – | – |
-9,859
| Closed | -$371K |
|
717
NRG Energy
NRG
$26.2B
| – | – |
-1,951,226
| Closed | -$29M |
|
718
InspireMD
NSPR
$31.4M
| – | – |
0
| – | -$265K |
|
719
Omnicell
OMCL
$1.88B
| – | – |
-16,383
| Closed | -$510K |
|
720
Oshkosh
OSK
$8.91B
| – | – |
-26,075
| Closed | -$947K |
|
721
Outfront Media
OUT
$5.75B
| – | – |
-31,539
| Closed | -$646K |
|
722
Penske Automotive Group
PAG
$14.7B
| – | – |
-16,511
| Closed | -$800K |
|
723
PACCAR
PCAR
$70.5B
| – | – |
-61,362
| Closed | -$2.13M |
|
724
Penumbra
PEN
$12.6B
| – | – |
-65,000
| Closed | -$2.61M |
|
|
PLG
725
Platinum Group Metals
PLG
$160M
| – | – |
-77,990
| Closed | -$1.79M |
|
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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.