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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
S&P Global
SPGI
$131B
| $357M | 0.38% |
2,734,126
-1,973,886
| -42% | -$245M |
|
52
PG&E
PCG
$36.6B
| $342M | 0.37% |
5,149,240
-408,449
| -7% | -$26M |
|
53
Palo Alto Networks
PANW
$303B
| $325M | 0.35% |
17,301,510
-14,744,904
| -46% | -$330M |
|
54
Constellation Brands
STZ
$22.3B
| $308M | 0.33% |
1,898,517
-792,310
| -29% | -$123M |
|
|
55
Regeneron Pharmaceuticals
REGN
$81.8B
| $295M | 0.32% |
760,316
-1,156,625
| -60% | -$429M |
|
|
NBL
56
DELISTED
Noble Energy, Inc.
NBL
| $277M | 0.3% |
8,059,455
+142,417
| +2% | +$5.27M |
|
57
SLM Corp
SLM
$4.97B
| $263M | 0.28% |
21,764,507
-2,737,775
| -11% | -$32.4M |
|
|
WP
58
DELISTED
Worldpay, Inc.
WP
| $259M | 0.28% |
4,036,152
-523,681
| -11% | -$33.3M |
|
|
RDS.A
59
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $254M | 0.27% |
4,901,000
+843,582
| +21% | +$44M |
|
60
FMC
FMC
$1.42B
| $254M | 0.27% |
4,206,929
-99,955
| -2% | -$5.17M |
|
61
Bank of America
BAC
$436B
| $253M | 0.27% |
10,741,240
-1,968,666
| -15% | -$46.7M |
|
62
Analog Devices
ADI
$175B
| $241M | 0.26% |
2,942,076
+68,795
| +2% | +$5.4M |
|
63
Global Payments
GPN
$24.3B
| $239M | 0.26% |
2,959,499
+324,884
| +12% | +$25.5M |
|
64
SBA Communications
SBAC
$20.3B
| $232M | 0.25% |
1,926,819
-124,015
| -6% | -$13.7M |
|
65
Exelon
EXC
$45.3B
| $231M | 0.25% |
9,003,916
+2,117,891
| +31% | +$54M |
|
66
PNC Financial Services
PNC
$96.6B
| $228M | 0.24% |
1,898,689
-239,028
| -11% | -$29.3M |
|
67
Comcast
CMCSA
$96B
| $227M | 0.24% |
6,042,828
-200,664
| -3% | -$7.45M |
|
68
Pfizer
PFE
$159B
| $213M | 0.23% |
6,560,194
-1,673,242
| -20% | -$52.8M |
|
69
Cigna
CI
$73.7B
| $208M | 0.22% |
1,419,406
+3,192
| +0.2% | +$470K |
|
70
Dollar Tree
DLTR
$24.1B
| $203M | 0.22% |
2,589,240
-162,822
| -6% | -$12.5M |
|
71
Targa Resources
TRGP
$61.7B
| $201M | 0.22% |
3,349,623
-504,346
| -13% | -$29.3M |
|
72
Vail Resorts
MTN
$5.06B
| $197M | 0.21% |
1,027,485
-69,487
| -6% | -$12.3M |
|
|
UNVR
73
DELISTED
Univar Solutions Inc.
UNVR
| $192M | 0.21% |
6,251,836
-167,905
| -3% | -$5.04M |
|
74
Starwood Property Trust
STWD
$5.85B
| $184M | 0.2% |
8,157,225
-1,106,219
| -12% | -$25M |
|
75
Union Pacific
UNP
$183B
| $183M | 0.2% |
1,727,792
+126,972
| +8% | +$13.5M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.