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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MON
51
DELISTED
Monsanto Co
MON
| $564M | 0.55% |
5,724,382
-126,260
| -2% | -$11.9M |
|
|
ARMH
52
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $530M | 0.52% |
11,711,351
-670,184
| -5% | -$31.6M |
|
53
JD.com
JD
$43.6B
| $445M | 0.44% |
13,784,120
-119,876
| -0.9% | -$3.53M |
|
54
SBA Communications
SBAC
$19.4B
| $412M | 0.4% |
3,922,669
-992,261
| -20% | -$107M |
|
55
JPMorgan Chase
JPM
$922B
| $391M | 0.38% |
5,924,661
-123,683
| -2% | -$8.05M |
|
56
SLB Ltd
SLB
$73.4B
| $391M | 0.38% |
5,604,117
-593,922
| -10% | -$44.5M |
|
57
Pfizer
PFE
$143B
| $385M | 0.38% |
12,555,351
+2,489,523
| +25% | +$78.3M |
|
58
Palo Alto Networks
PANW
$258B
| $380M | 0.37% |
12,941,682
+817,248
| +7% | +$23.6M |
|
59
Mondelez International
MDLZ
$83.2B
| $362M | 0.36% |
8,069,743
-1,461,799
| -15% | -$65.4M |
|
|
TIF
60
DELISTED
Tiffany & Co.
TIF
| $341M | 0.33% |
4,469,028
-1,154,014
| -21% | -$90.2M |
|
61
Carnival Corporation Ltd
CCL
$38.5B
| $330M | 0.32% |
6,052,877
-169,719
| -3% | -$8.78M |
|
|
NBL
62
DELISTED
Noble Energy, Inc.
NBL
| $329M | 0.32% |
9,994,638
+402,815
| +4% | +$14.1M |
|
63
Wells Fargo
WFC
$255B
| $328M | 0.32% |
6,025,835
-84,938
| -1% | -$4.61M |
|
64
Crown Castle
CCI
$34.2B
| $327M | 0.32% |
3,787,403
+231,012
| +6% | +$19.6M |
|
|
WP
65
DELISTED
Worldpay, Inc.
WP
| $326M | 0.32% |
6,869,363
-434,115
| -6% | -$21.4M |
|
66
PG&E
PCG
$39B
| $299M | 0.29% |
5,626,082
+47,759
| +0.9% | +$2.54M |
|
67
Sherwin-Williams
SHW
$84.6B
| $292M | 0.29% |
3,375,849
-145,431
| -4% | -$12.6M |
|
68
FirstEnergy
FE
$28.5B
| $281M | 0.28% |
8,870,872
+82,089
| +0.9% | +$2.58M |
|
69
Comcast
CMCSA
$87.4B
| $281M | 0.28% |
9,966,432
+2,116,692
| +27% | +$63.7M |
|
70
MetLife
MET
$62.5B
| $264M | 0.26% |
6,133,166
-288,866
| -4% | -$12.7M |
|
71
Vertex Pharmaceuticals
VRTX
$123B
| $262M | 0.26% |
2,083,792
-250,915
| -11% | -$30.3M |
|
72
GE Aerospace
GE
$368B
| $257M | 0.25% |
1,720,087
+1,428,049
| +489% | +$203M |
|
73
Bank of America
BAC
$431B
| $242M | 0.24% |
14,395,879
-16,494,500
| -53% | -$279M |
|
74
Centene
CNC
$30.8B
| $238M | 0.23% |
7,246,438
-658,606
| -8% | -$19.5M |
|
75
Roper Technologies
ROP
$40.3B
| $238M | 0.23% |
1,254,234
+1,003
| +0.1% | +$184K |
|
Similar funds
Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.