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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
NVIDIA
NVDA
$5.25T
| $442M | 0.49% |
376,102,640
+319,876,520
| +569% | +$330M |
|
52
PG&E
PCG
$36.6B
| $427M | 0.47% |
6,680,384
-75,447
| -1% | -$4.52M |
|
53
SLB Ltd
SLB
$85.1B
| $394M | 0.43% |
4,977,337
+216,671
| +5% | +$16.6M |
|
|
54
Qualcomm
QCOM
$175B
| $393M | 0.43% |
+7,341,810
| New | +$387M |
|
55
Constellation Brands
STZ
$22.3B
| $357M | 0.39% |
2,158,744
+384,492
| +22% | +$60.2M |
|
|
NBL
56
DELISTED
Noble Energy, Inc.
NBL
| $332M | 0.36% |
9,260,309
-87,172
| -0.9% | -$3.06M |
|
57
SBA Communications
SBAC
$20.3B
| $331M | 0.36% |
3,065,887
-253,791
| -8% | -$25.7M |
|
58
JPMorgan Chase
JPM
$951B
| $329M | 0.36% |
5,291,295
-339,946
| -6% | -$21.2M |
|
59
Occidental Petroleum
OXY
$59.1B
| $326M | 0.36% |
4,313,178
+469,649
| +12% | +$35.1M |
|
60
Mondelez International
MDLZ
$79.6B
| $322M | 0.35% |
7,072,351
-239,293
| -3% | -$10.4M |
|
61
Pfizer
PFE
$159B
| $316M | 0.35% |
9,450,898
+70,767
| +0.8% | +$2.26M |
|
62
Centene
CNC
$32B
| $272M | 0.3% |
7,613,530
+87,350
| +1% | +$2.74M |
|
|
WP
63
DELISTED
Worldpay, Inc.
WP
| $272M | 0.3% |
4,797,200
-1,628,042
| -25% | -$88M |
|
64
Ulta Beauty
ULTA
$22.2B
| $269M | 0.3% |
1,105,192
-30,607
| -3% | -$6.66M |
|
65
Vertex Pharmaceuticals
VRTX
$137B
| $256M | 0.28% |
2,974,800
+1,920,658
| +182% | +$166M |
|
66
Crown Castle
CCI
$32.4B
| $247M | 0.27% |
2,439,752
-1,049,019
| -30% | -$95.2M |
|
67
Dollar Tree
DLTR
$24.1B
| $242M | 0.27% |
2,568,538
-78,364
| -3% | -$6.63M |
|
|
CONE
68
DELISTED
CyrusOne Inc Common Stock
CONE
| $239M | 0.26% |
4,287,630
-16,888
| -0.4% | -$813K |
|
69
Comcast
CMCSA
$96B
| $229M | 0.25% |
7,030,110
-829,404
| -11% | -$25.8M |
|
70
Tapestry
TPR
$25B
| $226M | 0.25% |
5,559,366
+661,009
| +13% | +$26M |
|
71
Hain Celestial
HAIN
$66.1M
| $226M | 0.25% |
4,545,403
-1,286,229
| -22% | -$59.5M |
|
72
J.M. Smucker
SJM
$14.1B
| $224M | 0.25% |
1,468,020
-180,660
| -11% | -$24M |
|
73
Conagra Brands
CAG
$7.72B
| $223M | 0.25% |
6,004,040
+99,809
| +2% | +$3.56M |
|
|
FTR
74
DELISTED
Frontier Communications Corp.
FTR
| $223M | 0.24% |
3,002,867
-10,497
| -0.3% | -$823K |
|
|
RDS.A
75
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $217M | 0.24% |
4,139,060
+1,339,665
| +48% | +$64.6M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.