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 |
SLB Ltd
SLB
|
+$461M |
| 2 |
Qualcomm
QCOM
|
+$450M |
| 3 |
Marriott International
MAR
|
+$341M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$283M |
| 5 |
NRG Energy
NRG
|
+$207M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$962M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$551M |
| 3 |
WFM
Whole Foods Market Inc
WFM
|
+$510M |
| 4 |
Goldman Sachs
GS
|
+$478M |
| 5 |
Estee Lauder
EL
|
+$329M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.23% |
| 2 | Consumer Discretionary | 14.87% |
| 3 | Energy | 12.48% |
| 4 | Technology | 11.83% |
| 5 | Communication Services | 11.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
BioMarin Pharmaceuticals
BMRN
$12.5B
| $333M | 0.31% |
5,347,735
-2,672,017
| -33% | -$161M |
|
|
AGN
77
DELISTED
Allergan plc
AGN
| $318M | 0.29% |
1,425,739
-366,834
| -20% | -$76M |
|
78
Universal Health Services
UHS
$10.1B
| $318M | 0.29% |
3,318,911
-429,093
| -11% | -$37.1M |
|
|
ESRX
79
DELISTED
Express Scripts Holding Company
ESRX
| $301M | 0.28% |
4,343,471
-7,831,031
| -64% | -$551M |
|
80
Carnival Corporation Ltd
CCL
$33.9B
| $300M | 0.28% |
7,973,439
+11,710
| +0.1% | +$454K |
|
81
JPMorgan Chase
JPM
$951B
| $300M | 0.28% |
5,203,431
-1,000,381
| -16% | -$56.2M |
|
|
XLNX
82
DELISTED
Xilinx Inc
XLNX
| $291M | 0.27% |
6,149,542
+93,406
| +2% | +$4.5M |
|
|
WP
83
DELISTED
Worldpay, Inc.
WP
| $290M | 0.27% |
8,617,745
+249,019
| +3% | +$7.68M |
|
|
ATVI
84
DELISTED
Activision Blizzard
ATVI
| $285M | 0.26% |
12,786,885
-507,111
| -4% | -$10.4M |
|
85
Crown Castle
CCI
$32.4B
| $284M | 0.26% |
3,820,303
+82,230
| +2% | +$6.17M |
|
|
SEMG
86
DELISTED
SEMGROUP CORPORATION
SEMG
| $269M | 0.25% |
3,412,788
-170,780
| -5% | -$11.6M |
|
|
FRC
87
DELISTED
First Republic Bank
FRC
| $269M | 0.25% |
4,890,167
-158,579
| -3% | -$8.33M |
|
|
SWN
88
DELISTED
Southwestern Energy Company
SWN
| $266M | 0.24% |
5,845,006
-1,565
| -0% | -$72.5K |
|
89
Marathon Petroleum
MPC
$104B
| $265M | 0.24% |
6,777,324
+1,175,462
| +21% | +$52M |
|
90
Reliance Steel & Aluminium
RS
$19.8B
| $262M | 0.24% |
3,555,292
-7,219
| -0.2% | -$519K |
|
91
Flex
FLEX
$40.8B
| $262M | 0.24% |
31,407,916
-1,684,465
| -5% | -$12.7M |
|
|
MRO
92
DELISTED
Marathon Oil Corporation
MRO
| $261M | 0.24% |
6,529,709
+928,473
| +17% | +$34.3M |
|
93
Williams Companies
WMB
$90.2B
| $259M | 0.24% |
4,441,408
+1,840,333
| +71% | +$85.3M |
|
94
Hain Celestial
HAIN
$66.1M
| $257M | 0.24% |
5,785,522
+139,538
| +2% | +$6.22M |
|
|
MFA
95
MFA Financial
MFA
$893M
| $257M | 0.24% |
7,813,507
+2,076,695
| +36% | +$67.1M |
|
96
United Airlines
UAL
$35.9B
| $254M | 0.23% |
6,186,730
+1,202,288
| +24% | +$51.8M |
|
|
EA
97
DELISTED
Electronic Arts
EA
| $249M | 0.23% |
6,940,307
+38,150
| +0.6% | +$1.24M |
|
98
Applied Materials
AMAT
$366B
| $246M | 0.23% |
10,895,130
+1,609,704
| +17% | +$32.8M |
|
|
MNDT
99
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $239M | 0.22% |
5,887,665
+548,093
| +10% | +$21.4M |
|
100
Henry Schein
HSIC
$9.98B
| $237M | 0.22% |
5,094,956
+26,270
| +0.5% | +$1.2M |
|
Similar funds
Jennison Associates's Q2 2014 Portfolio in Review
As of Q2 2014, Jennison Associates held 796 positions worth $109B, up 4.1% from $105B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates's Q2 2014 filing shows 64 new, 297 increased, 319 reduced and 90 closed positions. Its largest new stake was Qualcomm: 5,657,444 shares worth $448M. The largest sale was Allergan Inc, an estimated $962M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Energy.
- Jennison Associates's largest Q2 2014 buy was Qualcomm: 5,657,444 shares worth $448M.
- Jennison Associates added most to SLB Ltd in Q2 2014, an estimated $461M increase.
- Jennison Associates's biggest Q2 2014 reduction was Allergan Inc, cutting an estimated $962M.
- Jennison Associates fully exited Estee Lauder in Q2 2014, selling an estimated $329M.
- Jennison Associates's ten largest holdings make up 19% of its $109B portfolio in Q2 2014.
- Jennison Associates opened 64 new positions and closed 90 in Q2 2014.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q2 2014, filed 8 Aug 2014.