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 | |
|---|---|---|---|---|---|---|
|
XLNX
76
DELISTED
Xilinx Inc
XLNX
| $329M | 0.31% |
6,056,136
+64,484
| +1% | +$3.2M |
|
|
CAM
77
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $309M | 0.3% |
5,006,497
-264,917
| -5% | -$16.1M |
|
78
Universal Health Services
UHS
$10.1B
| $308M | 0.29% |
3,748,004
-365,728
| -9% | -$29.4M |
|
79
Carnival Corporation Ltd
CCL
$33.9B
| $301M | 0.29% |
7,961,729
+834,158
| +12% | +$33.1M |
|
80
Suncor Energy
SU
$76.5B
| $293M | 0.28% |
8,377,088
-870,277
| -9% | -$29M |
|
81
Corpay
CPAY
$26.8B
| $278M | 0.27% |
2,419,552
+1,938,771
| +403% | +$226M |
|
82
Crown Castle
CCI
$32.4B
| $276M | 0.26% |
3,738,073
-81,562
| -2% | -$5.98M |
|
|
FRC
83
DELISTED
First Republic Bank
FRC
| $273M | 0.26% |
5,048,746
+204,163
| +4% | +$10.5M |
|
|
ATVI
84
DELISTED
Activision Blizzard
ATVI
| $272M | 0.26% |
13,293,996
+267,392
| +2% | +$5.08M |
|
|
TWTR
85
DELISTED
Twitter, Inc.
TWTR
| $271M | 0.26% |
5,814,739
+713,700
| +14% | +$40.4M |
|
|
SWN
86
DELISTED
Southwestern Energy Company
SWN
| $269M | 0.26% |
5,846,571
+2,873,352
| +97% | +$121M |
|
|
CPN
87
DELISTED
Calpine Corporation
CPN
| $267M | 0.26% |
12,755,859
-3,417,925
| -21% | -$67M |
|
88
Marriott International
MAR
$91.5B
| $264M | 0.25% |
+4,706,979
| New | +$243M |
|
89
Hain Celestial
HAIN
$66.1M
| $258M | 0.25% |
5,645,984
-668,028
| -11% | -$30.4M |
|
|
WP
90
DELISTED
Worldpay, Inc.
WP
| $253M | 0.24% |
8,368,726
+22,586
| +0.3% | +$709K |
|
91
Reliance Steel & Aluminium
RS
$19.8B
| $252M | 0.24% |
3,562,511
+248,281
| +7% | +$17.7M |
|
92
Marathon Petroleum
MPC
$104B
| $244M | 0.23% |
5,601,862
+765,870
| +16% | +$33.6M |
|
93
Core Laboratories
CLB
$567M
| $242M | 0.23% |
1,220,345
+59,576
| +5% | +$11.2M |
|
94
Henry Schein
HSIC
$9.98B
| $237M | 0.23% |
5,068,686
-103,367
| -2% | -$4.72M |
|
|
SEMG
95
DELISTED
SEMGROUP CORPORATION
SEMG
| $235M | 0.23% |
3,583,568
+86,199
| +2% | +$5.48M |
|
96
Flex
FLEX
$40.8B
| $230M | 0.22% |
33,092,381
-5,855,872
| -15% | -$37.9M |
|
|
TIF
97
DELISTED
Tiffany & Co.
TIF
| $227M | 0.22% |
+2,633,412
| New | +$234M |
|
|
WDR
98
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $226M | 0.22% |
3,068,358
+111,253
| +4% | +$7.64M |
|
99
IDEX
IEX
$17B
| $225M | 0.22% |
3,090,384
-880,801
| -22% | -$64.1M |
|
|
INVX
100
Innovex International
INVX
$2.11B
| $225M | 0.22% |
2,007,925
-182,247
| -8% | -$18.9M |
|
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.