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 | |
|---|---|---|---|---|---|---|
701
AvalonBay Communities
AVB
$27.1B
| $393K | ﹤0.01% |
+2,221
| New | +$374K |
|
702
Welltower
WELL
$178B
| $388K | ﹤0.01% |
+5,790
| New | +$384K |
|
703
Power Integrations
POWI
$3.41B
| $385K | ﹤0.01% |
11,354
-344
| -3% | -$11.3K |
|
704
Equity Residential
EQR
$25.4B
| $381K | ﹤0.01% |
+5,914
| New | +$363K |
|
|
FLXN
705
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $380K | ﹤0.01% |
19,998
-570
| -3% | -$10.9K |
|
|
FISV
706
Fiserv Inc
FISV
$28.1B
| $378K | ﹤0.01% |
+7,112
| New | +$365K |
|
707
Corning
GLW
$107B
| $373K | ﹤0.01% |
+15,388
| New | +$366K |
|
708
Cardinal Health
CAH
$54.3B
| $371K | ﹤0.01% |
+5,154
| New | +$373K |
|
|
STJ
709
DELISTED
St Jude Medical
STJ
| $370K | ﹤0.01% |
+4,609
| New | +$366K |
|
710
Micron Technology
MU
$947B
| $368K | ﹤0.01% |
+16,798
| New | +$316K |
|
|
GRUB
711
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $367K | ﹤0.01% |
+4,880
| New | +$376K |
|
712
Consolidated Edison
ED
$41.4B
| $363K | ﹤0.01% |
+4,925
| New | +$356K |
|
713
PACCAR
PCAR
$69.5B
| $362K | ﹤0.01% |
+8,505
| New | +$343K |
|
714
G-III Apparel Group
GIII
$1.53B
| $361K | ﹤0.01% |
12,200
-889,730
| -99% | -$25.8M |
|
715
Public Service Enterprise Group
PEG
$39.6B
| $359K | ﹤0.01% |
+8,184
| New | +$341K |
|
716
International Paper
IP
$23.1B
| $353K | ﹤0.01% |
+7,025
| New | +$325K |
|
717
Sherwin-Williams
SHW
$85.8B
| $349K | ﹤0.01% |
+3,894
| New | +$344K |
|
718
Newell Brands
NWL
$2.21B
| $348K | ﹤0.01% |
+7,801
| New | +$378K |
|
719
United Airlines
UAL
$39.1B
| $346K | ﹤0.01% |
+4,746
| New | +$302K |
|
720
Arbutus Biopharma
ABUS
$889M
| $343K | ﹤0.01% |
+140,019
| New | +$407K |
|
721
Cummins
CMI
$88.7B
| $343K | ﹤0.01% |
+2,510
| New | +$336K |
|
|
QVCGA
722
DELISTED
QVC Group Inc Series A
QVCGA
| $341K | ﹤0.01% |
+352
| New | +$340K |
|
|
FITB
723
Fifth Third Bancorp
FITB
$51.9B
| $334K | ﹤0.01% |
+12,398
| New | +$297K |
|
724
Omnicom Group
OMC
$23.9B
| $326K | ﹤0.01% |
+3,826
| New | +$321K |
|
725
KeyCorp
KEY
$24.3B
| $320K | ﹤0.01% |
+17,507
| New | +$276K |
|
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.