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 |
Bristol-Myers Squibb
BMY
|
+$734M |
| 2 |
Adobe
ADBE
|
+$488M |
| 3 |
Merck
MRK
|
+$443M |
| 4 |
Tesla
TSLA
|
+$366M |
| 5 |
AGN
Allergan plc
AGN
|
+$315M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$682M |
| 2 |
Perrigo
PRGO
|
+$585M |
| 3 |
Gilead Sciences
GILD
|
+$556M |
| 4 |
EMC
EMC CORPORATION
EMC
|
+$432M |
| 5 |
Morgan Stanley
MS
|
+$401M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.29% |
| 2 | Consumer Discretionary | 15.4% |
| 3 | Communication Services | 11.3% |
| 4 | Technology | 10.76% |
| 5 | Energy | 10.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NBL
51
DELISTED
Noble Energy, Inc.
NBL
| $534M | 0.52% |
7,845,217
-1,174,823
| -13% | -$83.2M |
|
52
SBA Communications
SBAC
$20.3B
| $522M | 0.51% |
5,812,260
-696,901
| -11% | -$59.8M |
|
|
53
Tesla
TSLA
$1.38T
| $521M | 0.51% |
51,932,655
+35,802,705
| +222% | +$366M |
|
54
Workday
WDAY
$49.3B
| $519M | 0.51% |
6,235,081
-89,857
| -1% | -$7.09M |
|
55
Ralph Lauren
RL
$21.1B
| $518M | 0.51% |
2,931,756
-887,321
| -23% | -$151M |
|
56
Under Armour
UAA
$2.18B
| $498M | 0.49% |
22,798,772
+14,912,228
| +189% | +$306M |
|
|
ARMH
57
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $496M | 0.49% |
9,058,435
-4,045,363
| -31% | -$197M |
|
58
eBay
EBAY
$47B
| $474M | 0.47% |
20,524,242
-9,750,510
| -32% | -$216M |
|
59
Chipotle Mexican Grill
CMG
$48.1B
| $452M | 0.44% |
42,392,400
-14,603,300
| -26% | -$149M |
|
60
Targa Resources
TRGP
$61.7B
| $391M | 0.38% |
4,429,630
-65,787
| -1% | -$5.2M |
|
|
MJN
61
DELISTED
Mead Johnson Nutrition Company
MJN
| $390M | 0.38% |
4,652,698
-28,221
| -0.6% | -$2.3M |
|
62
TechnipFMC
FTI
$29.7B
| $379M | 0.37% |
9,752,001
-4,959,946
| -34% | -$193M |
|
63
Halliburton
HAL
$30.1B
| $376M | 0.37% |
7,401,078
-350,028
| -5% | -$18.1M |
|
|
APC
64
DELISTED
Anadarko Petroleum
APC
| $362M | 0.36% |
4,564,404
-77,919
| -2% | -$6.99M |
|
65
MetLife
MET
$61.3B
| $357M | 0.35% |
7,430,715
-669,389
| -8% | -$30M |
|
66
JPMorgan Chase
JPM
$951B
| $353M | 0.35% |
6,036,760
+1,983,156
| +49% | +$109M |
|
|
AGN
67
DELISTED
Allergan plc
AGN
| $339M | 0.33% |
+2,016,619
| New | +$315M |
|
|
MRO
68
DELISTED
Marathon Oil Corporation
MRO
| $335M | 0.33% |
9,482,387
+372,311
| +4% | +$13.3M |
|
69
Universal Health Services
UHS
$10.1B
| $334M | 0.33% |
4,113,732
-668,673
| -14% | -$53.4M |
|
70
Wells Fargo
WFC
$262B
| $327M | 0.32% |
7,210,994
-210,655
| -3% | -$9.1M |
|
|
TWTR
71
DELISTED
Twitter, Inc.
TWTR
| $325M | 0.32% |
+5,101,039
| New | +$253M |
|
72
Suncor Energy
SU
$76.5B
| $324M | 0.32% |
9,247,365
+2,248,934
| +32% | +$79.1M |
|
|
CPN
73
DELISTED
Calpine Corporation
CPN
| $316M | 0.31% |
16,173,784
+512,652
| +3% | +$9.97M |
|
|
CAM
74
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $314M | 0.31% |
5,271,414
-114,560
| -2% | -$6.6M |
|
|
TFCFA
75
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $307M | 0.3% |
8,736,746
+8,127,112
| +1,333% | +$274M |
|
Similar funds
Jennison Associates's Q4 2013 Portfolio in Review
As of Q4 2013, Jennison Associates held 759 positions worth $102B, up 6.9% from $95.4B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates's Q4 2013 filing shows 79 new, 184 increased, 411 reduced and 54 closed positions. Its largest new stake was Allergan plc: 2,016,619 shares worth $339M. The largest sale was UnitedHealth, an estimated $682M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2013 buy was Allergan plc: 2,016,619 shares worth $339M.
- Jennison Associates added most to Bristol-Myers Squibb in Q4 2013, an estimated $734M increase.
- Jennison Associates's biggest Q4 2013 reduction was UnitedHealth, cutting an estimated $682M.
- Jennison Associates fully exited Perrigo in Q4 2013, selling an estimated $585M.
- Jennison Associates's ten largest holdings make up 20% of its $102B portfolio in Q4 2013.
- Jennison Associates opened 79 new positions and closed 54 in Q4 2013.
- Jennison Associates's portfolio value rose 6.9% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2013, filed 10 Feb 2014.