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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.26% |
| 2 | Healthcare | 15.72% |
| 3 | Consumer Discretionary | 14.97% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Caterpillar
CAT
$368B
| $328M | 0.34% |
2,627,319
+1,536,470
| +141% | +$177M |
|
52
SBA Communications
SBAC
$20.3B
| $278M | 0.28% |
1,931,179
-219,445
| -10% | -$31.2M |
|
53
Corning
GLW
$128B
| $275M | 0.28% |
+9,206,535
| New | +$273M |
|
|
RDS.A
54
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $274M | 0.28% |
4,521,876
+6,176
| +0.1% | +$345K |
|
55
Expedia Group
EXPE
$39.5B
| $264M | 0.27% |
1,831,949
-2,166,244
| -54% | -$321M |
|
56
Bank of America
BAC
$436B
| $256M | 0.26% |
10,094,956
-1,072,328
| -10% | -$26M |
|
57
PNC Financial Services
PNC
$96.6B
| $252M | 0.26% |
1,869,771
-48,531
| -3% | -$6.23M |
|
58
SLM Corp
SLM
$4.97B
| $247M | 0.25% |
21,527,062
+422,060
| +2% | +$4.58M |
|
59
Exelon
EXC
$45.3B
| $243M | 0.25% |
9,059,463
+106,654
| +1% | +$2.85M |
|
60
Cigna
CI
$73.7B
| $241M | 0.25% |
1,287,946
-73,891
| -5% | -$13.2M |
|
61
Boston Scientific
BSX
$67.9B
| $239M | 0.24% |
8,180,020
-2,459,270
| -23% | -$67.9M |
|
62
Global Payments
GPN
$24.3B
| $231M | 0.24% |
2,429,561
-347,934
| -13% | -$32.8M |
|
|
NBL
63
DELISTED
Noble Energy, Inc.
NBL
| $229M | 0.23% |
8,079,402
+212,830
| +3% | +$5.61M |
|
64
Citigroup
C
$223B
| $219M | 0.22% |
3,016,953
+792,575
| +36% | +$54.1M |
|
65
PUT
Invesco QQQ Trust
QQQ
$489B
| $218M | 0.22% |
+1,500,000
| New | +$215M |
|
66
EOG Resources
EOG
$75.2B
| $218M | 0.22% |
2,255,266
-77,689
| -3% | -$7.01M |
|
67
Pfizer
PFE
$159B
| $202M | 0.21% |
5,951,668
-582,047
| -9% | -$18.7M |
|
68
FMC
FMC
$1.42B
| $197M | 0.2% |
2,542,502
-1,006,818
| -28% | -$72.3M |
|
69
Mercado Libre
MELI
$99.7B
| $197M | 0.2% |
759,931
-19,108
| -2% | -$5.06M |
|
70
MetLife
MET
$61.3B
| $193M | 0.2% |
3,707,441
-24,980
| -0.7% | -$1.22M |
|
71
Incyte
INCY
$25.2B
| $191M | 0.2% |
1,633,173
+319,191
| +24% | +$40.4M |
|
72
Dollar Tree
DLTR
$24.1B
| $186M | 0.19% |
2,143,543
-329,375
| -13% | -$25.1M |
|
|
WP
73
DELISTED
Worldpay, Inc.
WP
| $181M | 0.19% |
2,566,178
-850,669
| -25% | -$58M |
|
74
Affiliated Managers Group
AMG
$9.59B
| $180M | 0.18% |
947,410
+48,775
| +5% | +$8.68M |
|
75
NextEra Energy
NEE
$171B
| $178M | 0.18% |
4,870,460
+568
| +0% | +$20.8K |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.