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 |
SHPG
Shire pic
SHPG
|
+$1B |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$539M |
| 3 |
Alibaba
BABA
|
+$476M |
| 4 |
AGN
Allergan plc
AGN
|
+$464M |
| 5 |
Perrigo
PRGO
|
+$273M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$777M |
| 2 |
Merck
MRK
|
+$766M |
| 3 |
AGN
Allergan Inc
AGN
|
+$573M |
| 4 |
SLB Ltd
SLB
|
+$551M |
| 5 |
TJX Companies
TJX
|
+$521M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.5% |
| 2 | Consumer Discretionary | 15.58% |
| 3 | Technology | 12.6% |
| 4 | Communication Services | 11.76% |
| 5 | Financials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Chipotle Mexican Grill
CMG
$48.1B
| $601M | 0.56% |
43,898,600
-3,186,400
| -7% | -$41.7M |
|
|
52
TJX Companies
TJX
$149B
| $579M | 0.54% |
16,895,350
-16,366,850
| -49% | -$521M |
|
53
SBA Communications
SBAC
$20.3B
| $575M | 0.54% |
5,191,208
-517,894
| -9% | -$58.2M |
|
|
MHFI
54
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $546M | 0.51% |
+6,132,494
| New | +$539M |
|
55
TripAdvisor
TRIP
$1.16B
| $529M | 0.5% |
7,091,744
-128,779
| -2% | -$10.1M |
|
56
Incyte
INCY
$25.2B
| $525M | 0.49% |
7,183,152
-196,860
| -3% | -$12.9M |
|
57
BioMarin Pharmaceuticals
BMRN
$12.5B
| $512M | 0.48% |
5,660,987
-304,901
| -5% | -$25.4M |
|
|
58
Perrigo
PRGO
$2.01B
| $503M | 0.47% |
3,010,318
+1,744,320
| +138% | +$273M |
|
|
MJN
59
DELISTED
Mead Johnson Nutrition Company
MJN
| $443M | 0.41% |
4,405,478
+112,925
| +3% | +$11.3M |
|
|
NBL
60
DELISTED
Noble Energy, Inc.
NBL
| $436M | 0.41% |
9,190,568
+500,741
| +6% | +$27.1M |
|
|
VMW
61
DELISTED
VMware, Inc
VMW
| $418M | 0.39% |
5,071,428
-2,559,118
| -34% | -$218M |
|
62
United Airlines
UAL
$35.9B
| $409M | 0.38% |
6,108,521
+47,471
| +0.8% | +$2.63M |
|
63
Applied Materials
AMAT
$366B
| $395M | 0.37% |
15,838,065
+2,849,722
| +22% | +$64.4M |
|
|
64
Merck
MRK
$366B
| $372M | 0.35% |
6,859,374
-13,743,302
| -67% | -$766M |
|
|
APC
65
DELISTED
Anadarko Petroleum
APC
| $365M | 0.34% |
4,418,712
-496,234
| -10% | -$43.2M |
|
66
JPMorgan Chase
JPM
$951B
| $361M | 0.34% |
5,766,112
+672,598
| +13% | +$40.5M |
|
67
Wells Fargo
WFC
$262B
| $356M | 0.33% |
6,490,825
-179,902
| -3% | -$9.52M |
|
68
Crown Castle
CCI
$32.4B
| $337M | 0.32% |
4,280,727
+113,619
| +3% | +$9.1M |
|
69
Goldman Sachs
GS
$301B
| $331M | 0.31% |
1,709,555
-487,179
| -22% | -$91.6M |
|
70
MetLife
MET
$61.3B
| $325M | 0.3% |
6,750,718
-159,406
| -2% | -$7.57M |
|
71
Microsoft
MSFT
$3.81T
| $320M | 0.3% |
6,889,562
+775,239
| +13% | +$36.4M |
|
|
AGN
72
DELISTED
Allergan Inc
AGN
| $320M | 0.3% |
1,503,939
-2,880,356
| -66% | -$573M |
|
73
Carnival Corporation Ltd
CCL
$33.9B
| $302M | 0.28% |
6,667,118
-1,505,525
| -18% | -$61.6M |
|
74
Marathon Petroleum
MPC
$104B
| $299M | 0.28% |
6,624,346
-1,114,410
| -14% | -$49.1M |
|
|
MNDT
75
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $288M | 0.27% |
9,107,594
+139,747
| +2% | +$4.29M |
|
Similar funds
Jennison Associates's Q4 2014 Portfolio in Review
As of Q4 2014, Jennison Associates held 806 positions worth $107B, down 0.8% from $108B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates withdrew a net $3.75B in Q4 2014, closing 91 positions and reducing 351 holdings. Its most notable exit was Oneok, an estimated $184M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Shire pic worth $1B.
- Jennison Associates's largest Q4 2014 buy was Shire pic: 4,721,078 shares worth $1B.
- Jennison Associates added most to Alibaba in Q4 2014, an estimated $476M increase.
- Jennison Associates's biggest Q4 2014 reduction was Alphabet (Google) Class C, cutting an estimated $777M.
- Jennison Associates fully exited Oneok in Q4 2014, selling an estimated $184M.
- Jennison Associates's ten largest holdings make up 20% of its $107B portfolio in Q4 2014.
- Jennison Associates opened 89 new positions and closed 91 in Q4 2014.
- Jennison Associates's portfolio value fell 0.8% quarter-over-quarter to $107B.
Based on Jennison Associates's 13F filing for Q4 2014, filed 6 Feb 2015.