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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.84% |
| 2 | Technology | 18.59% |
| 3 | Healthcare | 16.63% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Constellation Brands
STZ
$22.3B
| $390M | 0.42% |
2,340,616
+181,872
| +8% | +$30M |
|
52
Albemarle
ALB
$16.2B
| $355M | 0.38% |
4,147,707
+2,846,734
| +219% | +$234M |
|
53
JPMorgan Chase
JPM
$951B
| $345M | 0.37% |
5,179,534
-111,761
| -2% | -$7.29M |
|
54
lululemon athletica
LULU
$13.7B
| $342M | 0.37% |
5,612,391
-622,321
| -10% | -$46M |
|
55
SBA Communications
SBAC
$20.3B
| $299M | 0.32% |
2,665,111
-400,776
| -13% | -$45.3M |
|
56
GE Aerospace
GE
$355B
| $294M | 0.32% |
2,072,036
-1,731,102
| -46% | -$258M |
|
|
NBL
57
DELISTED
Noble Energy, Inc.
NBL
| $293M | 0.32% |
8,211,514
-1,048,795
| -11% | -$36.8M |
|
58
Pfizer
PFE
$159B
| $290M | 0.31% |
9,035,981
-414,917
| -4% | -$13.9M |
|
|
59
Walt Disney
DIS
$187B
| $289M | 0.31% |
3,108,719
-7,161,426
| -70% | -$686M |
|
|
NVO
60
Novo Nordisk
NVO
$202B
| $267M | 0.29% |
12,824,364
-21,977,238
| -63% | -$545M |
|
|
WP
61
DELISTED
Worldpay, Inc.
WP
| $260M | 0.28% |
4,628,518
-168,682
| -4% | -$9.37M |
|
62
Occidental Petroleum
OXY
$59.1B
| $248M | 0.27% |
3,402,997
-910,181
| -21% | -$68.1M |
|
63
Mondelez International
MDLZ
$79.6B
| $245M | 0.26% |
5,575,866
-1,496,485
| -21% | -$65.7M |
|
64
SLM Corp
SLM
$4.97B
| $242M | 0.26% |
32,368,175
-2,079,277
| -6% | -$14.9M |
|
65
EOG Resources
EOG
$75.2B
| $236M | 0.25% |
2,442,184
-72,837
| -3% | -$6.39M |
|
66
Citigroup
C
$223B
| $235M | 0.25% |
4,967,780
+29,568
| +0.6% | +$1.34M |
|
67
Centene
CNC
$32B
| $227M | 0.24% |
6,770,578
-842,952
| -11% | -$29.3M |
|
68
Dollar Tree
DLTR
$24.1B
| $220M | 0.24% |
2,792,319
+223,781
| +9% | +$20.1M |
|
|
RDS.A
69
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $217M | 0.23% |
4,496,954
+357,894
| +9% | +$17.5M |
|
70
FedEx
FDX
$78.3B
| $216M | 0.23% |
+1,233,863
| New | +$202M |
|
71
Starwood Property Trust
STWD
$5.85B
| $214M | 0.23% |
9,511,962
-30,631
| -0.3% | -$677K |
|
72
Comcast
CMCSA
$96B
| $211M | 0.23% |
6,371,144
-658,966
| -9% | -$21.9M |
|
73
Tapestry
TPR
$25B
| $209M | 0.23% |
5,726,225
+166,859
| +3% | +$6.61M |
|
|
EA
74
DELISTED
Electronic Arts
EA
| $206M | 0.22% |
2,413,993
-116,826
| -5% | -$9.35M |
|
75
Labcorp
LH
$27.2B
| $195M | 0.21% |
1,654,887
-45,622
| -3% | -$5.38M |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.54B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.