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 |
Perrigo
PRGO
|
+$672M |
| 2 |
Merck
MRK
|
+$608M |
| 3 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$384M |
| 4 |
Las Vegas Sands
LVS
|
+$378M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$518M |
| 2 |
eBay
EBAY
|
+$474M |
| 3 |
Estee Lauder
EL
|
+$435M |
| 4 |
Goldman Sachs
GS
|
+$323M |
| 5 |
TechnipFMC
FTI
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.39% |
| 2 | Consumer Discretionary | 14.31% |
| 3 | Technology | 11.26% |
| 4 | Communication Services | 11.24% |
| 5 | Energy | 10.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DNKN
51
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $628M | 0.6% |
12,515,099
-271,736
| -2% | -$13.4M |
|
|
NBL
52
DELISTED
Noble Energy, Inc.
NBL
| $621M | 0.59% |
8,748,248
+903,031
| +12% | +$59.8M |
|
53
SBA Communications
SBAC
$20.3B
| $580M | 0.55% |
6,371,271
+559,011
| +10% | +$51.8M |
|
|
TFCFA
54
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $576M | 0.55% |
18,008,111
+9,271,365
| +106% | +$303M |
|
55
Workday
WDAY
$49.3B
| $568M | 0.54% |
6,212,738
-22,343
| -0.4% | -$2.13M |
|
56
BioMarin Pharmaceuticals
BMRN
$12.5B
| $547M | 0.52% |
8,019,752
-1,376,324
| -15% | -$101M |
|
|
ARMH
57
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $462M | 0.44% |
9,060,166
+1,731
| +0% | +$84.1K |
|
58
Chipotle Mexican Grill
CMG
$48.1B
| $422M | 0.4% |
37,142,500
-5,249,900
| -12% | -$57.9M |
|
59
Halliburton
HAL
$30.1B
| $416M | 0.4% |
7,065,296
-335,782
| -5% | -$17.9M |
|
|
APC
60
DELISTED
Anadarko Petroleum
APC
| $414M | 0.4% |
4,886,125
+321,721
| +7% | +$26.4M |
|
61
Targa Resources
TRGP
$61.7B
| $414M | 0.4% |
4,168,701
-260,929
| -6% | -$24.4M |
|
62
O'Reilly Automotive
ORLY
$71.6B
| $406M | 0.39% |
41,067,105
+19,874,220
| +94% | +$190M |
|
63
Incyte
INCY
$25.2B
| $381M | 0.36% |
7,110,504
+3,583,621
| +102% | +$222M |
|
|
64
Las Vegas Sands
LVS
$29.2B
| $380M | 0.36% |
+4,701,247
| New | +$378M |
|
|
MJN
65
DELISTED
Mead Johnson Nutrition Company
MJN
| $379M | 0.36% |
4,557,836
-94,862
| -2% | -$7.69M |
|
66
JPMorgan Chase
JPM
$951B
| $377M | 0.36% |
6,203,812
+167,052
| +3% | +$9.65M |
|
|
ICPT
67
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $375M | 0.36% |
+1,138,177
| New | +$384M |
|
|
AGN
68
DELISTED
Allergan plc
AGN
| $369M | 0.35% |
1,792,573
-224,046
| -11% | -$44.4M |
|
69
Cheniere Energy
LNG
$58.3B
| $361M | 0.35% |
6,528,017
+387,512
| +6% | +$18.6M |
|
70
Wells Fargo
WFC
$262B
| $361M | 0.35% |
7,254,423
+43,429
| +0.6% | +$2.02M |
|
71
TripAdvisor
TRIP
$1.16B
| $345M | 0.33% |
3,811,286
+103,609
| +3% | +$9.45M |
|
72
MetLife
MET
$61.3B
| $336M | 0.32% |
7,138,606
-292,109
| -4% | -$13.4M |
|
|
73
Estee Lauder
EL
$37.4B
| $329M | 0.31% |
4,923,791
-6,266,305
| -56% | -$435M |
|
|
DNR
74
DELISTED
Denbury Resources, Inc.
DNR
| $329M | 0.31% |
20,065,049
+4,164,571
| +26% | +$67.7M |
|
|
MNDT
75
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $329M | 0.31% |
5,339,572
+3,017,358
| +130% | +$214M |
|
Similar funds
Jennison Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Jennison Associates held 826 positions worth $105B, up 2.6% from $102B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Jennison Associates's Q1 2014 filing shows 122 new, 275 increased, 321 reduced and 94 closed positions. Its largest new stake was Perrigo: 4,257,843 shares worth $659M. The largest sale was Ralph Lauren, an estimated $518M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2014 buy was Perrigo: 4,257,843 shares worth $659M.
- Jennison Associates added most to Merck in Q1 2014, an estimated $608M increase.
- Jennison Associates's biggest Q1 2014 reduction was Estee Lauder, cutting an estimated $435M.
- Jennison Associates fully exited Ralph Lauren in Q1 2014, selling an estimated $518M.
- Jennison Associates's ten largest holdings make up 18% of its $105B portfolio in Q1 2014.
- Jennison Associates opened 122 new positions and closed 94 in Q1 2014.
- Jennison Associates's portfolio value rose 2.6% quarter-over-quarter to $105B.
Based on Jennison Associates's 13F filing for Q1 2014, filed 7 May 2014.