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 |
Regeneron Pharmaceuticals
REGN
|
+$846M |
| 2 |
JD.com
JD
|
+$782M |
| 3 |
Dollar General
DG
|
+$647M |
| 4 |
Monster Beverage
MNST
|
+$324M |
| 5 |
NXP Semiconductors
NXPI
|
+$240M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$668M |
| 2 |
Mondelez International
MDLZ
|
+$528M |
| 3 |
Alibaba
BABA
|
+$457M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$409M |
| 5 |
CELG
Celgene Corp
CELG
|
+$403M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.97% |
| 2 | Consumer Discretionary | 16.01% |
| 3 | Technology | 12.95% |
| 4 | Communication Services | 12.43% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Canadian Pacific Kansas City
CP
$81.1B
| $603M | 0.55% |
18,802,260
-5,758,585
| -23% | -$206M |
|
|
MHFI
52
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $588M | 0.54% |
5,853,175
-227,934
| -4% | -$23.8M |
|
53
Chipotle Mexican Grill
CMG
$43.9B
| $587M | 0.54% |
48,485,800
+8,621,800
| +22% | +$109M |
|
54
SBA Communications
SBAC
$19.5B
| $577M | 0.53% |
5,018,090
-98,940
| -2% | -$11.6M |
|
55
Kroger
KR
$36.5B
| $549M | 0.5% |
15,134,620
-4,299,958
| -22% | -$156M |
|
56
Incyte
INCY
$25.6B
| $494M | 0.45% |
4,738,303
-106,879
| -2% | -$11.1M |
|
|
TWTR
57
DELISTED
Twitter, Inc.
TWTR
| $478M | 0.44% |
13,183,951
-9,999,676
| -43% | -$409M |
|
58
Sherwin-Williams
SHW
$84.7B
| $467M | 0.43% |
5,098,611
+2,156,166
| +73% | +$204M |
|
|
MNDT
59
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $457M | 0.42% |
9,353,883
-205,683
| -2% | -$9.32M |
|
60
Merck
MRK
$322B
| $429M | 0.39% |
7,902,618
-155,444
| -2% | -$8.72M |
|
|
NBL
61
DELISTED
Noble Energy, Inc.
NBL
| $414M | 0.38% |
9,700,043
+183,050
| +2% | +$8.64M |
|
|
VMW
62
DELISTED
VMware, Inc
VMW
| $404M | 0.37% |
4,717,524
-195,092
| -4% | -$17M |
|
63
JPMorgan Chase
JPM
$922B
| $397M | 0.36% |
5,853,254
+70,118
| +1% | +$4.58M |
|
|
64
Monster Beverage
MNST
$95.4B
| $390M | 0.36% |
17,449,908
+14,520,000
| +496% | +$324M |
|
|
65
Mondelez International
MDLZ
$83.2B
| $383M | 0.35% |
9,302,025
-13,460,569
| -59% | -$528M |
|
|
TIF
66
DELISTED
Tiffany & Co.
TIF
| $372M | 0.34% |
4,050,183
-1,594,782
| -28% | -$143M |
|
|
APC
67
DELISTED
Anadarko Petroleum
APC
| $371M | 0.34% |
4,748,308
-4,945
| -0.1% | -$428K |
|
68
Wells Fargo
WFC
$255B
| $348M | 0.32% |
6,184,594
+74,818
| +1% | +$4.17M |
|
69
Carnival Corporation Ltd
CCL
$38.6B
| $337M | 0.31% |
6,814,578
+459,752
| +7% | +$21.7M |
|
70
Goldman Sachs
GS
$293B
| $329M | 0.3% |
1,577,299
-51,500
| -3% | -$10.5M |
|
71
Crown Castle
CCI
$34.3B
| $310M | 0.28% |
3,860,639
+139,080
| +4% | +$11.6M |
|
72
TripAdvisor
TRIP
$1.71B
| $306M | 0.28% |
3,517,227
-1,788,991
| -34% | -$145M |
|
73
MetLife
MET
$62.5B
| $306M | 0.28% |
6,132,904
-49,765
| -0.8% | -$2.36M |
|
|
WP
74
DELISTED
Worldpay, Inc.
WP
| $299M | 0.27% |
7,828,176
-94,805
| -1% | -$3.76M |
|
75
Hain Celestial
HAIN
$45.4M
| $281M | 0.26% |
4,260,753
+235,416
| +6% | +$14.9M |
|
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Jennison Associates's Q2 2015 Portfolio in Review
As of Q2 2015, Jennison Associates held 801 positions worth $109B, down 0.05% from $109B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q2 2015 filing shows 92 new, 315 increased, 305 reduced and 72 closed positions. Its largest new stake was Regeneron Pharmaceuticals: 1,732,726 shares worth $884M. The largest sale was Union Pacific, an estimated $668M.
By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q2 2015 buy was Regeneron Pharmaceuticals: 1,732,726 shares worth $884M.
- Jennison Associates added most to JD.com in Q2 2015, an estimated $782M increase.
- Jennison Associates's biggest Q2 2015 reduction was Union Pacific, cutting an estimated $668M.
- Jennison Associates fully exited Perrigo in Q2 2015, selling an estimated $204M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q2 2015.
- Jennison Associates opened 92 new positions and closed 72 in Q2 2015.
- Jennison Associates's portfolio value fell 0.05% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q2 2015, filed 3 Aug 2015.