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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bank of America
BAC
$429B
| $481M | 0.49% |
30,890,379
+16,061,979
| +108% | +$270M |
|
|
52
Citigroup
C
$213B
| $454M | 0.46% |
9,148,562
+5,956,725
| +187% | +$325M |
|
|
TIF
53
DELISTED
Tiffany & Co.
TIF
| $434M | 0.44% |
5,623,042
+1,572,859
| +39% | +$138M |
|
54
SLB Ltd
SLB
$72.7B
| $427M | 0.44% |
6,198,039
-2,426,918
| -28% | -$192M |
|
55
Mondelez International
MDLZ
$82.9B
| $399M | 0.41% |
9,531,542
+229,517
| +2% | +$9.89M |
|
56
JPMorgan Chase
JPM
$916B
| $369M | 0.38% |
6,048,344
+195,090
| +3% | +$12.8M |
|
57
JD.com
JD
$43.5B
| $362M | 0.37% |
13,903,996
-10,862,427
| -44% | -$314M |
|
|
58
Palo Alto Networks
PANW
$256B
| $348M | 0.36% |
+12,124,434
| New | +$358M |
|
|
VMW
59
DELISTED
VMware, Inc
VMW
| $342M | 0.35% |
4,340,467
-377,057
| -8% | -$31.3M |
|
|
WP
60
DELISTED
Worldpay, Inc.
WP
| $328M | 0.34% |
7,303,478
-524,698
| -7% | -$22.6M |
|
61
Wells Fargo
WFC
$254B
| $314M | 0.32% |
6,110,773
-73,821
| -1% | -$4.06M |
|
62
Merck
MRK
$322B
| $313M | 0.32% |
6,639,227
-1,263,391
| -16% | -$67.1M |
|
63
Carnival Corporation Ltd
CCL
$38.1B
| $309M | 0.32% |
6,222,596
-591,982
| -9% | -$30.1M |
|
64
Pfizer
PFE
$143B
| $300M | 0.31% |
10,065,828
+5,231,389
| +108% | +$168M |
|
65
PG&E
PCG
$39B
| $295M | 0.3% |
5,578,323
+802,513
| +17% | +$41M |
|
|
66
Alibaba
BABA
$276B
| $291M | 0.3% |
4,926,659
-4,738,177
| -49% | -$345M |
|
|
NBL
67
DELISTED
Noble Energy, Inc.
NBL
| $289M | 0.3% |
9,591,823
-108,220
| -1% | -$3.72M |
|
|
MNDT
68
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $285M | 0.29% |
8,942,178
-411,705
| -4% | -$17.2M |
|
|
ENDP
69
DELISTED
Endo International plc
ENDP
| $281M | 0.29% |
4,054,759
+1,062,201
| +35% | +$85M |
|
70
Crown Castle
CCI
$34.6B
| $280M | 0.29% |
3,556,391
-304,248
| -8% | -$24.7M |
|
|
APC
71
DELISTED
Anadarko Petroleum
APC
| $280M | 0.29% |
4,632,225
-116,083
| -2% | -$8.25M |
|
72
FirstEnergy
FE
$28.4B
| $275M | 0.28% |
8,788,783
+265,190
| +3% | +$8.68M |
|
|
73
Gilead Sciences
GILD
$165B
| $273M | 0.28% |
2,781,375
-6,502,089
| -70% | -$722M |
|
74
MetLife
MET
$62.4B
| $270M | 0.28% |
6,422,032
+289,128
| +5% | +$13.5M |
|
75
Microsoft
MSFT
$2.9T
| $263M | 0.27% |
5,945,093
-54,311
| -0.9% | -$2.44M |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.