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 |
Alibaba
BABA
|
+$821M |
| 2 |
AGN
Allergan plc
AGN
|
+$444M |
| 3 |
Apple
AAPL
|
+$304M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$301M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$839M |
| 2 |
Las Vegas Sands
LVS
|
+$405M |
| 3 |
Qualcomm
QCOM
|
+$402M |
| 4 |
Warner Bros
WBD
|
+$400M |
| 5 |
Perrigo
PRGO
|
+$357M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.61% |
| 2 | Consumer Discretionary | 14.39% |
| 3 | Communication Services | 12.98% |
| 4 | Technology | 11.5% |
| 5 | Energy | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Deere & Co
DE
$173B
| – | – |
-39,100
| Closed | -$3.54M |
|
727
DNOW Inc
DNOW
$2.53B
| – | – |
-436,094
| Closed | -$15.8M |
|
728
Ford
F
$59.6B
| – | – |
-189,321
| Closed | -$3.26M |
|
729
Genesis Energy
GEL
$1.81B
| – | – |
-7,586
| Closed | -$425K |
|
730
Herbalife
HLF
$1.3B
| – | – |
-2,632,390
| Closed | -$84.9M |
|
731
Honeywell
HON
$78.3B
| – | – |
-22,861
| Closed | -$1.91M |
|
732
Icon
ICLR
$13.9B
| – | – |
-217,381
| Closed | -$10.2M |
|
733
Iron Mountain
IRM
$37.4B
| – | – |
-2,488,638
| Closed | -$81.5M |
|
|
K
734
DELISTED
Kellanova
K
| – | – |
-56,575
| Closed | -$3.49M |
|
735
Keurig Dr Pepper
KDP
$42.3B
| – | – |
-30,069
| Closed | -$1.76M |
|
736
KNOT Offshore Partners
KNOP
$352M
| – | – |
-15,695
| Closed | -$444K |
|
737
Eli Lilly
LLY
$1.09T
| – | – |
-61,216
| Closed | -$3.81M |
|
738
McDonald's
MCD
$194B
| – | – |
-26,494
| Closed | -$2.67M |
|
739
Norfolk Southern
NSC
$76.1B
| – | – |
-12,865
| Closed | -$1.32M |
|
740
Oracle
ORCL
$346B
| – | – |
-67,324
| Closed | -$2.73M |
|
741
Puma Biotechnology
PBYI
$406M
| – | – |
-214,547
| Closed | -$14.2M |
|
742
PACCAR
PCAR
$72.7B
| – | – |
-14,067
| Closed | -$589K |
|
743
Packaging Corp of America
PKG
$22.6B
| – | – |
-8,588
| Closed | -$614K |
|
744
PUT
Invesco QQQ Trust
QQQ
$445B
| – | – |
-2,000,000
| Closed | -$188M |
|
745
uniQure
QURE
$2.52B
| – | – |
-31,800
| Closed | -$432K |
|
746
Robert Half
RHI
$4.04B
| – | – |
-284,812
| Closed | -$13.6M |
|
747
Rockwell Automation
ROK
$52.4B
| – | – |
-26,561
| Closed | -$3.32M |
|
|
748
RTX Corp
RTX
$295B
| – | – |
-11,542,340
| Closed | -$839M |
|
749
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| – | – |
-1,200,000
| Closed | -$235M |
|
750
Sunoco
SUN
$14.4B
| – | – |
-29,482
| Closed | -$1.38M |
|
Similar funds
Jennison Associates's Q3 2014 Portfolio in Review
As of Q3 2014, Jennison Associates held 788 positions worth $108B, down 0.96% from $109B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates's Q3 2014 filing shows 82 new, 334 increased, 281 reduced and 71 closed positions. Its largest new stake was Alibaba: 9,140,584 shares worth $812M. The largest sale was RTX Corp, an estimated $839M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2014 buy was Alibaba: 9,140,584 shares worth $812M.
- Jennison Associates added most to Allergan plc in Q3 2014, an estimated $444M increase.
- Jennison Associates's biggest Q3 2014 reduction was Las Vegas Sands, cutting an estimated $405M.
- Jennison Associates fully exited RTX Corp in Q3 2014, selling an estimated $839M.
- Jennison Associates's ten largest holdings make up 20% of its $108B portfolio in Q3 2014.
- Jennison Associates opened 82 new positions and closed 71 in Q3 2014.
- Jennison Associates's portfolio value fell 0.96% quarter-over-quarter to $108B.
Based on Jennison Associates's 13F filing for Q3 2014, filed 5 Nov 2014.