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 |
Perrigo
PRGO
|
+$672M |
| 2 |
Merck
MRK
|
+$608M |
| 3 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$384M |
| 4 |
Las Vegas Sands
LVS
|
+$378M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$518M |
| 2 |
eBay
EBAY
|
+$474M |
| 3 |
Estee Lauder
EL
|
+$435M |
| 4 |
Goldman Sachs
GS
|
+$323M |
| 5 |
TechnipFMC
FTI
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.39% |
| 2 | Consumer Discretionary | 14.31% |
| 3 | Technology | 11.26% |
| 4 | Communication Services | 11.24% |
| 5 | Energy | 10.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
751
First Interstate BancSystem
FIBK
$3.53B
| – | – |
-19,230
| Closed | -$546K |
|
752
PUT
Gilead Sciences
GILD
$181B
| – | – |
-365,000
| Closed | -$27.4M |
|
|
HBI
753
DELISTED
Hanesbrands
HBI
| – | – |
-23,708
| Closed | -$416K |
|
754
Hancock Whitney
HWC
$6.02B
| – | – |
-10,494
| Closed | -$385K |
|
755
Illinois Tool Works
ITW
$79.8B
| – | – |
-8,234
| Closed | -$692K |
|
756
iShares Core S&P 500 ETF
IVV
$898B
| – | – |
-12,416
| Closed | -$2.31M |
|
757
iShares Russell 1000 Growth ETF
IWF
$126B
| – | – |
-16,764
| Closed | -$360K |
|
758
JB Hunt Transport Services
JBHT
$24.5B
| – | – |
-319,215
| Closed | -$24.7M |
|
759
Loews
L
$22.4B
| – | – |
-51,601
| Closed | -$2.49M |
|
760
Lennar Class A
LEN
$20.8B
| – | – |
-8,960
| Closed | -$337K |
|
761
Lindsay Corp
LNN
$1.16B
| – | – |
-35,972
| Closed | -$2.98M |
|
762
Lowe's Companies
LOW
$117B
| – | – |
-13,873
| Closed | -$687K |
|
763
Mattel
MAT
$4.33B
| – | – |
-1,347,478
| Closed | -$64.1M |
|
764
Mercado Libre
MELI
$99.7B
| – | – |
-186,401
| Closed | -$20.1M |
|
765
Altria Group
MO
$115B
| – | – |
-91,581
| Closed | -$3.52M |
|
766
Murphy Oil
MUR
$5.11B
| – | – |
-7,424
| Closed | -$482K |
|
767
Annaly Capital Management
NLY
$17.4B
| – | – |
-1,207,538
| Closed | -$48.2M |
|
768
Insperity
NSP
$2.04B
| – | – |
-19,962
| Closed | -$361K |
|
769
Oxford Industries
OXM
$572M
| – | – |
-4,618
| Closed | -$373K |
|
770
PENN Entertainment
PENN
$2.33B
| – | – |
-74,285
| Closed | -$1.06M |
|
771
Post Holdings
POST
$3.87B
| – | – |
-12,302
| Closed | -$397K |
|
772
Robert Half
RHI
$4.64B
| – | – |
-15,599
| Closed | -$655K |
|
|
773
Ralph Lauren
RL
$21.1B
| – | – |
-2,931,756
| Closed | -$518M |
|
774
Boston Beer
SAM
$1.88B
| – | – |
-2,065
| Closed | -$499K |
|
|
SF
775
Stifel
SF
$12.3B
| – | – |
-28,982
| Closed | -$617K |
|
Similar funds
Jennison Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Jennison Associates held 826 positions worth $105B, up 2.6% from $102B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Jennison Associates's Q1 2014 filing shows 122 new, 275 increased, 321 reduced and 94 closed positions. Its largest new stake was Perrigo: 4,257,843 shares worth $659M. The largest sale was Ralph Lauren, an estimated $518M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2014 buy was Perrigo: 4,257,843 shares worth $659M.
- Jennison Associates added most to Merck in Q1 2014, an estimated $608M increase.
- Jennison Associates's biggest Q1 2014 reduction was Estee Lauder, cutting an estimated $435M.
- Jennison Associates fully exited Ralph Lauren in Q1 2014, selling an estimated $518M.
- Jennison Associates's ten largest holdings make up 18% of its $105B portfolio in Q1 2014.
- Jennison Associates opened 122 new positions and closed 94 in Q1 2014.
- Jennison Associates's portfolio value rose 2.6% quarter-over-quarter to $105B.
Based on Jennison Associates's 13F filing for Q1 2014, filed 7 May 2014.