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 |
Microsoft
MSFT
|
+$424M |
| 2 |
Bath & Body Works
BBWI
|
+$342M |
| 3 |
Home Depot
HD
|
+$259M |
| 4 |
GE Aerospace
GE
|
+$247M |
| 5 |
Palo Alto Networks
PANW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$917M |
| 2 |
ARMH
ARM HOLDINGS PLC ADS
ARMH
|
+$396M |
| 3 |
Citigroup
C
|
+$377M |
| 4 |
Sherwin-Williams
SHW
|
+$292M |
| 5 |
Starbucks
SBUX
|
+$260M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.89% |
| 2 | Healthcare | 16.95% |
| 3 | Technology | 14.55% |
| 4 | Communication Services | 14.21% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Bath & Body Works
BBWI
$3.88B
| $440M | 0.46% |
6,202,779
+4,764,096
| +331% | +$342M |
|
52
Morgan Stanley
MS
$337B
| $437M | 0.46% |
17,463,549
-4,977,039
| -22% | -$127M |
|
53
PG&E
PCG
$36.6B
| $403M | 0.42% |
6,755,831
+1,129,749
| +20% | +$63M |
|
54
JD.com
JD
$38.8B
| $363M | 0.38% |
13,702,823
-81,297
| -0.6% | -$2.14M |
|
55
SLB Ltd
SLB
$85.1B
| $351M | 0.37% |
4,760,666
-843,451
| -15% | -$59.3M |
|
|
WP
56
DELISTED
Worldpay, Inc.
WP
| $346M | 0.36% |
6,425,242
-444,121
| -6% | -$21.7M |
|
57
JPMorgan Chase
JPM
$951B
| $333M | 0.35% |
5,631,241
-293,420
| -5% | -$17.1M |
|
58
SBA Communications
SBAC
$20.3B
| $333M | 0.35% |
3,319,678
-602,991
| -15% | -$57.6M |
|
59
Crown Castle
CCI
$32.4B
| $302M | 0.32% |
3,488,771
-298,632
| -8% | -$25.3M |
|
|
NBL
60
DELISTED
Noble Energy, Inc.
NBL
| $294M | 0.31% |
9,347,481
-647,157
| -6% | -$19.8M |
|
61
Mondelez International
MDLZ
$79.6B
| $293M | 0.31% |
7,311,644
-758,099
| -9% | -$30.9M |
|
62
Constellation Brands
STZ
$22.3B
| $268M | 0.28% |
1,774,252
+894,295
| +102% | +$129M |
|
63
Pfizer
PFE
$159B
| $264M | 0.28% |
9,380,131
-3,175,220
| -25% | -$90.7M |
|
64
Wells Fargo
WFC
$262B
| $263M | 0.28% |
5,444,466
-581,369
| -10% | -$28.5M |
|
65
Occidental Petroleum
OXY
$59.1B
| $263M | 0.28% |
3,843,529
+956,199
| +33% | +$64.1M |
|
|
FTR
66
DELISTED
Frontier Communications Corp.
FTR
| $253M | 0.27% |
3,013,364
+41,213
| +1% | +$3M |
|
67
FirstEnergy
FE
$26.5B
| $248M | 0.26% |
6,893,623
-1,977,249
| -22% | -$66.5M |
|
68
MetLife
MET
$61.3B
| $241M | 0.25% |
6,151,101
+17,935
| +0.3% | +$670K |
|
69
Comcast
CMCSA
$96B
| $240M | 0.25% |
7,859,514
-2,106,918
| -21% | -$60.5M |
|
70
Hain Celestial
HAIN
$66.1M
| $239M | 0.25% |
5,831,632
+261,707
| +5% | +$9.83M |
|
|
71
Citigroup
C
$223B
| $237M | 0.25% |
5,669,405
-9,013,103
| -61% | -$377M |
|
72
Centene
CNC
$32B
| $232M | 0.24% |
7,526,180
+279,742
| +4% | +$8.35M |
|
73
Halliburton
HAL
$30.1B
| $225M | 0.24% |
6,290,148
+1,007,946
| +19% | +$32.9M |
|
74
Ulta Beauty
ULTA
$22.2B
| $220M | 0.23% |
1,135,799
-144,216
| -11% | -$25.1M |
|
75
SLM Corp
SLM
$4.97B
| $219M | 0.23% |
34,365,084
+223,402
| +0.7% | +$1.35M |
|
Similar funds
Jennison Associates's Q1 2016 Portfolio in Review
As of Q1 2016, Jennison Associates held 710 positions worth $95.3B, down 6.5% from $102B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q1 2016 filing shows 56 new, 303 increased, 241 reduced and 102 closed positions. Its largest new stake was Procter & Gamble: 1,657,581 shares worth $136M. The largest sale was LinkedIn Corporation, an estimated $917M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
- Jennison Associates's largest Q1 2016 buy was Procter & Gamble: 1,657,581 shares worth $136M.
- Jennison Associates added most to Microsoft in Q1 2016, an estimated $424M increase.
- Jennison Associates's biggest Q1 2016 reduction was LinkedIn Corporation, cutting an estimated $917M.
- Jennison Associates fully exited Sherwin-Williams in Q1 2016, selling an estimated $292M.
- Jennison Associates's ten largest holdings make up 24% of its $95.3B portfolio in Q1 2016.
- Jennison Associates opened 56 new positions and closed 102 in Q1 2016.
- Jennison Associates's portfolio value fell 6.5% quarter-over-quarter to $95.3B.
Based on Jennison Associates's 13F filing for Q1 2016, filed 3 May 2016.