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 |
SHPG
Shire pic
SHPG
|
+$1B |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$539M |
| 3 |
Alibaba
BABA
|
+$476M |
| 4 |
AGN
Allergan plc
AGN
|
+$464M |
| 5 |
Perrigo
PRGO
|
+$273M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$777M |
| 2 |
Merck
MRK
|
+$766M |
| 3 |
AGN
Allergan Inc
AGN
|
+$573M |
| 4 |
SLB Ltd
SLB
|
+$551M |
| 5 |
TJX Companies
TJX
|
+$521M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.12% |
| 2 | Consumer Discretionary | 14.46% |
| 3 | Technology | 12.11% |
| 4 | Communication Services | 11.75% |
| 5 | Financials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Celldex Therapeutics
CLDX
$2.79B
| – | – |
-201,845
| Closed | -$39.2M |
|
727
Cencora
COR
$62.2B
| – | – |
-46,168
| Closed | -$3.57M |
|
728
Commault Systems
CVLT
$4.97B
| – | – |
-394,932
| Closed | -$19.9M |
|
729
Ecolab
ECL
$79.6B
| – | – |
-751,667
| Closed | -$86.3M |
|
730
Eledon Pharmaceuticals
ELDN
$262M
| – | – |
-970
| Closed | -$2.38M |
|
731
Fluor
FLR
$6.89B
| – | – |
-1,833,651
| Closed | -$122M |
|
732
GE Aerospace
GE
$377B
| – | – |
-394,719
| Closed | -$48.5M |
|
733
Generac Holdings
GNRC
$11.5B
| – | – |
-9,705
| Closed | -$393K |
|
734
Group 1 Automotive
GPI
$4.17B
| – | – |
-4,580
| Closed | -$333K |
|
735
Gyre Therapeutics
GYRE
$668M
| – | – |
-704
| Closed | -$1.4M |
|
736
IBM
IBM
$214B
| – | – |
-20,199
| Closed | -$3.67M |
|
737
iShares S&P India Nifty 50 Index Fund
INDY
$560M
| – | – |
-14,886
| Closed | -$441K |
|
738
Invesco
IVZ
$13B
| – | – |
-78,197
| Closed | -$3.09M |
|
739
Kirby Corp
KEX
$7.77B
| – | – |
-49,125
| Closed | -$5.79M |
|
740
Kohl's
KSS
$2.16B
| – | – |
-50,385
| Closed | -$3.08M |
|
741
LyondellBasell Industries
LYB
$18.8B
| – | – |
-15,396
| Closed | -$1.67M |
|
742
MediWound
MDWD
$188M
| – | – |
-25,707
| Closed | -$1.13M |
|
743
3M
MMM
$94.1B
| – | – |
-22,603
| Closed | -$2.68M |
|
744
NGL Energy Partners
NGL
$1.87B
| – | – |
-45,375
| Closed | -$1.79M |
|
745
Oneok
OKE
$55.9B
| – | – |
-2,803,578
| Closed | -$184M |
|
746
Plains All American Pipeline
PAA
$17.2B
| – | – |
-17,961
| Closed | -$1.06M |
|
747
Penske Automotive Group
PAG
$14.5B
| – | – |
-23,052
| Closed | -$936K |
|
748
Qualcomm
QCOM
$172B
| – | – |
-395,153
| Closed | -$29.5M |
|
749
Rogers Corp
ROG
$2.13B
| – | – |
-38,102
| Closed | -$2.09M |
|
750
SM Energy
SM
$7.11B
| – | – |
-462,607
| Closed | -$36.1M |
|
Similar funds
Jennison Associates's Q4 2014 Portfolio in Review
As of Q4 2014, Jennison Associates held 806 positions worth $107B, down 0.8% from $108B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates withdrew a net $3.79B in Q4 2014, closing 91 positions and reducing 351 holdings. Its most notable exit was Oneok, an estimated $184M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Shire pic worth $1B.
- Jennison Associates's largest Q4 2014 buy was Shire pic: 4,721,078 shares worth $1B.
- Jennison Associates added most to Alibaba in Q4 2014, an estimated $476M increase.
- Jennison Associates's biggest Q4 2014 reduction was Alphabet (Google) Class C, cutting an estimated $777M.
- Jennison Associates fully exited Oneok in Q4 2014, selling an estimated $184M.
- Jennison Associates's ten largest holdings make up 20% of its $107B portfolio in Q4 2014.
- Jennison Associates opened 89 new positions and closed 91 in Q4 2014.
- Jennison Associates's portfolio value fell 0.8% quarter-over-quarter to $107B.
Based on Jennison Associates's 13F filing for Q4 2014, filed 6 Feb 2015.