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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.43% |
| 2 | Consumer Discretionary | 15.4% |
| 3 | Technology | 13.31% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWX
51
DELISTED
Time Warner Inc
TWX
| $661M | 0.61% |
7,826,009
+6,828,396
| +684% | +$567M |
|
|
MHFI
52
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $629M | 0.58% |
6,081,109
-51,385
| -0.8% | -$5.05M |
|
53
SBA Communications
SBAC
$20.3B
| $599M | 0.55% |
5,117,030
-74,178
| -1% | -$8.76M |
|
54
Chipotle Mexican Grill
CMG
$48.1B
| $519M | 0.48% |
39,864,000
-4,034,600
| -9% | -$55.1M |
|
|
TIF
55
DELISTED
Tiffany & Co.
TIF
| $497M | 0.46% |
5,644,965
-3,459,788
| -38% | -$309M |
|
|
NBL
56
DELISTED
Noble Energy, Inc.
NBL
| $465M | 0.43% |
9,516,993
+326,425
| +4% | +$15.2M |
|
57
Incyte
INCY
$25.2B
| $444M | 0.41% |
4,845,182
-2,337,970
| -33% | -$193M |
|
58
Merck
MRK
$366B
| $442M | 0.4% |
8,058,062
+1,198,688
| +17% | +$67.9M |
|
59
TripAdvisor
TRIP
$1.16B
| $441M | 0.4% |
5,306,218
-1,785,526
| -25% | -$140M |
|
|
MJN
60
DELISTED
Mead Johnson Nutrition Company
MJN
| $432M | 0.4% |
4,294,266
-111,212
| -3% | -$11.2M |
|
61
Applied Materials
AMAT
$366B
| $417M | 0.38% |
18,471,387
+2,633,322
| +17% | +$63.1M |
|
|
62
NXP Semiconductors
NXPI
$56.4B
| $417M | 0.38% |
+4,151,977
| New | +$366M |
|
|
VMW
63
DELISTED
VMware, Inc
VMW
| $403M | 0.37% |
4,912,616
-158,812
| -3% | -$13M |
|
|
APC
64
DELISTED
Anadarko Petroleum
APC
| $394M | 0.36% |
4,753,253
+334,541
| +8% | +$27.4M |
|
65
Vipshop
VIPS
$6.42B
| $375M | 0.34% |
12,749,500
+8,018,422
| +169% | +$194M |
|
|
MNDT
66
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $375M | 0.34% |
9,559,566
+451,972
| +5% | +$17.5M |
|
67
United Airlines
UAL
$35.9B
| $353M | 0.32% |
5,244,088
-864,433
| -14% | -$58.6M |
|
68
JPMorgan Chase
JPM
$951B
| $350M | 0.32% |
5,783,136
+17,024
| +0.3% | +$1.01M |
|
|
SAVE
69
DELISTED
Spirit Airlines, Inc.
SAVE
| $342M | 0.31% |
4,422,734
+748,385
| +20% | +$57.4M |
|
70
Wells Fargo
WFC
$262B
| $332M | 0.3% |
6,109,776
-381,049
| -6% | -$20.6M |
|
71
Centene
CNC
$32B
| $316M | 0.29% |
8,946,496
-1,598,644
| -15% | -$48.1M |
|
72
Crown Castle
CCI
$32.4B
| $307M | 0.28% |
3,721,559
-559,168
| -13% | -$47.6M |
|
73
Goldman Sachs
GS
$301B
| $306M | 0.28% |
1,628,799
-80,756
| -5% | -$15M |
|
74
Carnival Corporation Ltd
CCL
$33.9B
| $304M | 0.28% |
6,354,826
-312,292
| -5% | -$14.1M |
|
|
WP
75
DELISTED
Worldpay, Inc.
WP
| $299M | 0.27% |
7,922,981
-96,260
| -1% | -$3.48M |
|
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Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.