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 | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Abbott
ABT
$195B
| $590M | 0.62% |
17,773,367
-1,177,618
| -6% | -$41.3M |
|
52
Perrigo
PRGO
$2.01B
| $585M | 0.61% |
4,744,979
+840,808
| +22% | +$105M |
|
|
RAX
53
DELISTED
Rackspace Hosting Inc
RAX
| $568M | 0.6% |
10,765,138
+1,674,540
| +18% | +$77.4M |
|
|
SPLK
54
DELISTED
Splunk Inc
SPLK
| $562M | 0.59% |
9,365,859
+1,502,189
| +19% | +$79.9M |
|
55
SBA Communications
SBAC
$20.3B
| $524M | 0.55% |
6,509,161
-401
| -0% | -$30.4K |
|
56
Workday
WDAY
$49.3B
| $512M | 0.54% |
6,324,938
-145,097
| -2% | -$10.6M |
|
|
EMC
57
DELISTED
EMC CORPORATION
EMC
| $489M | 0.51% |
19,143,014
-2,417,894
| -11% | -$62.8M |
|
58
Chipotle Mexican Grill
CMG
$48.1B
| $489M | 0.51% |
56,995,700
-20,237,650
| -26% | -$164M |
|
59
American Tower
AMT
$82.1B
| $467M | 0.49% |
6,305,963
-257,790
| -4% | -$18.6M |
|
60
Netflix
NFLX
$340B
| $466M | 0.49% |
105,460,250
+27,740,580
| +36% | +$107M |
|
|
APC
61
DELISTED
Anadarko Petroleum
APC
| $432M | 0.45% |
4,642,323
-22,345
| -0.5% | -$2.03M |
|
62
Halliburton
HAL
$30.1B
| $373M | 0.39% |
7,751,106
-259,501
| -3% | -$12.2M |
|
63
Universal Health Services
UHS
$10.1B
| $359M | 0.38% |
4,782,405
-167,548
| -3% | -$11.7M |
|
|
MJN
64
DELISTED
Mead Johnson Nutrition Company
MJN
| $348M | 0.36% |
4,680,919
+3,306,957
| +241% | +$248M |
|
65
MetLife
MET
$61.3B
| $339M | 0.36% |
8,100,104
+509,082
| +7% | +$21.9M |
|
|
DNR
66
DELISTED
Denbury Resources, Inc.
DNR
| $330M | 0.35% |
17,898,631
+66,178
| +0.4% | +$1.17M |
|
67
Targa Resources
TRGP
$61.7B
| $328M | 0.34% |
4,495,417
+47,313
| +1% | +$3.27M |
|
|
MRO
68
DELISTED
Marathon Oil Corporation
MRO
| $318M | 0.33% |
9,110,076
-143,747
| -2% | -$5.11M |
|
|
CAM
69
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $314M | 0.33% |
5,385,974
-1,024,080
| -16% | -$61M |
|
70
Wells Fargo
WFC
$262B
| $307M | 0.32% |
7,421,649
+287,935
| +4% | +$12.3M |
|
|
CPN
71
DELISTED
Calpine Corporation
CPN
| $304M | 0.32% |
15,661,132
+3,218,771
| +26% | +$63.8M |
|
72
IDEX
IEX
$17B
| $292M | 0.31% |
4,481,789
-86,066
| -2% | -$5.2M |
|
73
Flex
FLEX
$40.8B
| $285M | 0.3% |
41,676,211
-322,783
| -0.8% | -$2.13M |
|
74
Microsoft
MSFT
$3.81T
| $270M | 0.28% |
8,103,583
-153,336
| -2% | -$5.04M |
|
75
Hain Celestial
HAIN
$66.1M
| $270M | 0.28% |
6,991,378
+328,156
| +5% | +$12.4M |
|
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 $3.56B 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 18% 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: 7,886,544 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.