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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 14.7% |
| 3 | Technology | 12.89% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
IDEX
IEX
$17B
| – | – |
-1,366,669
| Closed | -$106M |
|
727
iShares North American Natural Resources ETF
IGE
$733M
| – | – |
-42,703
| Closed | -$1.64M |
|
|
BRSL
728
Brightstar Lottery PLC
BRSL
$1.9B
| – | – |
-1,747,464
| Closed | -$30.1M |
|
729
Ionis Pharmaceuticals
IONS
$8.93B
| – | – |
-1,725,800
| Closed | -$107M |
|
|
730
PUT
Ionis Pharmaceuticals
IONS
$8.93B
| – | – |
-285,000
| Closed | -$17.6M |
|
731
ITT
ITT
$17.1B
| – | – |
-30,458
| Closed | -$1.23M |
|
732
CALL
iShares US Healthcare ETF
IYH
$3.44B
| – | – |
-22,825
| Closed | -$658K |
|
|
K
733
DELISTED
Kellanova
K
| – | – |
-57,738
| Closed | -$3.55M |
|
734
Lockheed Martin
LMT
$131B
| – | – |
-11,099
| Closed | -$2.14M |
|
735
McDonald's
MCD
$193B
| – | – |
-17,212
| Closed | -$1.61M |
|
736
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| – | – |
-1,896
| Closed | -$500K |
|
737
McEwen Inc
MUX
$1B
| – | – |
-115,181
| Closed | -$1.28M |
|
738
Owens Corning
OC
$11B
| – | – |
-27,412
| Closed | -$982K |
|
739
Omeros
OMER
$845M
| – | – |
-217,371
| Closed | -$5.39M |
|
740
Option Care Health
OPCH
$3.58B
| – | – |
-22,998
| Closed | -$643K |
|
741
PepsiCo
PEP
$196B
| – | – |
-37,196
| Closed | -$3.52M |
|
742
Raymond James Financial
RJF
$33.5B
| – | – |
-7,869
| Closed | -$301K |
|
743
Comscore
SCOR
$113M
| – | – |
-336
| Closed | -$312K |
|
744
Simon Property Group
SPG
$76.4B
| – | – |
-15,628
| Closed | -$2.85M |
|
745
Stratasys
SSYS
$666M
| – | – |
-544,330
| Closed | -$45.2M |
|
746
Tenet Healthcare
THC
$22.2B
| – | – |
-6,587
| Closed | -$334K |
|
747
Teekay
TK
$996M
| – | – |
-21,489
| Closed | -$1.09M |
|
748
Tandem Diabetes Care
TNDM
$1.27B
| – | – |
-69,997
| Closed | -$8.89M |
|
749
Tenaris
TS
$28.2B
| – | – |
-39,411
| Closed | -$1.19M |
|
750
Vera Bradley
VRA
$98.7M
| – | – |
-12,996
| Closed | -$265K |
|
Similar funds
Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.