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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XLNX
76
DELISTED
Xilinx Inc
XLNX
| $268M | 0.28% |
5,727,768
-134,761
| -2% | -$6.06M |
|
77
Bunge Global
BG
$22.2B
| $266M | 0.28% |
3,508,932
-10,146
| -0.3% | -$768K |
|
78
Cheniere Energy
LNG
$58.3B
| $262M | 0.27% |
7,680,555
-2,372,513
| -24% | -$70.4M |
|
|
WLL
79
DELISTED
Whiting Petroleum Corporation
WLL
| $257M | 0.27% |
14,315
+2,098
| +17% | +$32.5M |
|
|
ROSE
80
DELISTED
ROSETTA RESOURCES INC
ROSE
| $252M | 0.26% |
4,634,969
+3,094
| +0.1% | +$146K |
|
81
Suncor Energy
SU
$76.5B
| $250M | 0.26% |
6,998,431
+591,640
| +9% | +$19.7M |
|
82
Liberty Global Class C
LBTYK
$3.56B
| $250M | 0.26% |
8,195,148
-843,483
| -9% | -$25.3M |
|
83
Pfizer
PFE
$159B
| $248M | 0.26% |
9,111,732
-33,656
| -0.4% | -$916K |
|
|
INVX
84
Innovex International
INVX
$2.11B
| $247M | 0.26% |
2,154,738
-30,226
| -1% | -$3.09M |
|
85
Williams Companies
WMB
$90.2B
| $236M | 0.25% |
6,488,222
+2,625,871
| +68% | +$92M |
|
86
Dollar Tree
DLTR
$24.1B
| $236M | 0.25% |
4,121,027
+28,963
| +0.7% | +$1.56M |
|
87
Reliance Steel & Aluminium
RS
$19.8B
| $234M | 0.25% |
3,195,334
+71,606
| +2% | +$5M |
|
88
Ametek
AME
$54.2B
| $233M | 0.24% |
5,061,681
-36,476
| -0.7% | -$1.64M |
|
89
Carnival Corporation Ltd
CCL
$33.9B
| $230M | 0.24% |
7,035,489
+1,668,355
| +31% | +$60.6M |
|
|
FRC
90
DELISTED
First Republic Bank
FRC
| $228M | 0.24% |
4,898,707
+210,158
| +4% | +$9.21M |
|
91
Citigroup
C
$223B
| $225M | 0.24% |
4,637,887
-315,390
| -6% | -$15.9M |
|
92
Henry Schein
HSIC
$9.98B
| $224M | 0.24% |
5,516,160
-61,113
| -1% | -$2.47M |
|
93
VeriSign
VRSN
$26.4B
| $223M | 0.23% |
4,381,601
-241,533
| -5% | -$11.7M |
|
94
Enbridge
ENB
$110B
| $219M | 0.23% |
5,234,889
+3,546,926
| +210% | +$151M |
|
|
95
Crown Castle
CCI
$32.4B
| $214M | 0.22% |
2,934,251
-5,109,127
| -64% | -$365M |
|
96
PUT
iShares Russell 2000 ETF
IWM
$80.8B
| $213M | 0.22% |
2,000,000
+1,000,000
| +100% | +$103M |
|
97
PVH
PVH
$3.49B
| $211M | 0.22% |
1,776,273
-100,916
| -5% | -$12.9M |
|
98
JPMorgan Chase
JPM
$951B
| $210M | 0.22% |
4,053,604
+298,120
| +8% | +$16M |
|
99
Tesla
TSLA
$1.38T
| $208M | 0.22% |
16,129,950
+14,588,205
| +946% | +$144M |
|
100
Intuit
INTU
$97.9B
| $207M | 0.22% |
3,116,353
-154,077
| -5% | -$9.93M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.