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
| 1 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| 1 | Technology | 18.7% |
| 2 | Consumer Discretionary | 17.46% |
| 3 | Healthcare | 13.37% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Constellation Brands
STZ
$22.7B
| $413M | 0.46% |
2,690,827
+350,211
| +15% | +$55.6M |
|
52
Illumina
ILMN
$28.2B
| $398M | 0.44% |
3,197,736
-432,844
| -12% | -$58.3M |
|
53
PG&E
PCG
$38.1B
| $338M | 0.38% |
5,557,689
-984,735
| -15% | -$59M |
|
|
NBL
54
DELISTED
Noble Energy, Inc.
NBL
| $301M | 0.34% |
7,917,038
-294,476
| -4% | -$11M |
|
55
Bank of America
BAC
$430B
| $281M | 0.31% |
12,709,906
+1,412,352
| +13% | +$27.2M |
|
56
Expedia Group
EXPE
$32.3B
| $275M | 0.31% |
2,430,122
+1,371,360
| +130% | +$167M |
|
|
WP
57
DELISTED
Worldpay, Inc.
WP
| $272M | 0.3% |
4,559,833
-68,685
| -1% | -$3.97M |
|
58
SLM Corp
SLM
$4.78B
| $270M | 0.3% |
24,502,282
-7,865,893
| -24% | -$70.6M |
|
59
GE Aerospace
GE
$364B
| $260M | 0.29% |
1,714,741
-357,295
| -17% | -$51.9M |
|
60
Pfizer
PFE
$143B
| $254M | 0.28% |
8,233,436
-802,545
| -9% | -$24.5M |
|
61
PNC Financial Services
PNC
$101B
| $250M | 0.28% |
2,137,717
+442,402
| +26% | +$46M |
|
62
SLB Ltd
SLB
$70.3B
| $227M | 0.25% |
2,698,750
+255,331
| +10% | +$20.9M |
|
63
Mondelez International
MDLZ
$78.3B
| $221M | 0.25% |
4,988,628
-587,238
| -11% | -$25.3M |
|
64
Targa Resources
TRGP
$60.7B
| $216M | 0.24% |
3,853,969
+1,575,479
| +69% | +$79.6M |
|
65
Comcast
CMCSA
$85B
| $216M | 0.24% |
6,243,492
-127,652
| -2% | -$4.26M |
|
|
RDS.A
66
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $213M | 0.24% |
3,918,830
-424,523
| -10% | -$21.9M |
|
67
Dollar Tree
DLTR
$24.2B
| $212M | 0.24% |
2,752,062
-40,257
| -1% | -$3.24M |
|
68
SBA Communications
SBAC
$19.7B
| $212M | 0.24% |
2,050,834
-614,277
| -23% | -$64.7M |
|
69
FMC
FMC
$1.4B
| $211M | 0.24% |
4,306,884
-40,350
| -0.9% | -$1.84M |
|
70
Analog Devices
ADI
$183B
| $209M | 0.23% |
2,873,281
+620,160
| +28% | +$42.2M |
|
71
Starwood Property Trust
STWD
$6.3B
| $203M | 0.23% |
9,263,444
-248,518
| -3% | -$5.48M |
|
72
Chevron
CVX
$373B
| $194M | 0.22% |
1,650,752
+519,162
| +46% | +$56.5M |
|
|
APC
73
DELISTED
Anadarko Petroleum
APC
| $190M | 0.21% |
2,728,545
+321,309
| +13% | +$20.9M |
|
74
Cigna
CI
$74.5B
| $189M | 0.21% |
1,416,214
+9,858
| +0.7% | +$1.29M |
|
|
MFA
75
MFA Financial
MFA
$960M
| $189M | 0.21% |
6,182,845
+493,665
| +9% | +$14.8M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.76B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.