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 |
Alibaba
BABA
|
+$821M |
| 2 |
AGN
Allergan plc
AGN
|
+$444M |
| 3 |
Apple
AAPL
|
+$304M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$301M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$839M |
| 2 |
Las Vegas Sands
LVS
|
+$405M |
| 3 |
Qualcomm
QCOM
|
+$402M |
| 4 |
Warner Bros
WBD
|
+$400M |
| 5 |
Perrigo
PRGO
|
+$357M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.84% |
| 2 | Consumer Discretionary | 15.22% |
| 3 | Communication Services | 13.03% |
| 4 | Technology | 11.99% |
| 5 | Energy | 11.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
JPMorgan Chase
JPM
$951B
| $307M | 0.28% |
5,093,514
-109,917
| -2% | -$6.43M |
|
77
Hain Celestial
HAIN
$66.1M
| $294M | 0.27% |
5,749,114
-36,408
| -0.6% | -$1.69M |
|
|
SEMG
78
DELISTED
SEMGROUP CORPORATION
SEMG
| $289M | 0.27% |
3,474,490
+61,702
| +2% | +$5.08M |
|
79
United Airlines
UAL
$35.9B
| $284M | 0.26% |
6,061,050
-125,680
| -2% | -$5.83M |
|
80
Microsoft
MSFT
$3.81T
| $283M | 0.26% |
6,114,323
+1,628,032
| +36% | +$72.6M |
|
81
Applied Materials
AMAT
$366B
| $281M | 0.26% |
12,988,343
+2,093,213
| +19% | +$46.3M |
|
82
Centene
CNC
$32B
| $279M | 0.26% |
13,504,332
+5,213,240
| +63% | +$100M |
|
|
MNDT
83
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $274M | 0.25% |
8,967,847
+3,080,182
| +52% | +$102M |
|
84
Universal Health Services
UHS
$10.1B
| $270M | 0.25% |
2,583,830
-735,081
| -22% | -$78.1M |
|
|
MRO
85
DELISTED
Marathon Oil Corporation
MRO
| $263M | 0.24% |
7,008,578
+478,869
| +7% | +$19M |
|
86
Williams Companies
WMB
$90.2B
| $262M | 0.24% |
4,738,375
+296,967
| +7% | +$17.1M |
|
87
Comcast
CMCSA
$96B
| $260M | 0.24% |
9,666,444
+2,189,424
| +29% | +$60M |
|
|
MFA
88
MFA Financial
MFA
$893M
| $257M | 0.24% |
8,266,160
+452,653
| +6% | +$14.9M |
|
|
WP
89
DELISTED
Worldpay, Inc.
WP
| $253M | 0.24% |
8,201,740
-416,005
| -5% | -$13.5M |
|
90
Reliance Steel & Aluminium
RS
$19.8B
| $252M | 0.23% |
3,689,550
+134,258
| +4% | +$9.54M |
|
|
FTR
91
DELISTED
Frontier Communications Corp.
FTR
| $230M | 0.21% |
2,358,002
-29,103
| -1% | -$2.77M |
|
92
Pacira BioSciences
PCRX
$1.03B
| $219M | 0.2% |
2,259,732
-270,178
| -11% | -$26.3M |
|
93
Flex
FLEX
$40.8B
| $213M | 0.2% |
27,354,322
-4,053,594
| -13% | -$33.1M |
|
94
Dollar Tree
DLTR
$24.1B
| $213M | 0.2% |
3,793,823
-48,411
| -1% | -$2.67M |
|
|
EA
95
DELISTED
Electronic Arts
EA
| $208M | 0.19% |
5,853,669
-1,086,638
| -16% | -$39.6M |
|
|
INVX
96
Innovex International
INVX
$2.11B
| $203M | 0.19% |
2,275,607
+258,601
| +13% | +$25.8M |
|
97
Henry Schein
HSIC
$9.98B
| $203M | 0.19% |
4,449,804
-645,152
| -13% | -$29.9M |
|
98
Occidental Petroleum
OXY
$59.1B
| $203M | 0.19% |
2,202,666
+121,245
| +6% | +$11.6M |
|
|
IHS
99
DELISTED
IHS INC CL-A COM STK
IHS
| $202M | 0.19% |
1,614,785
+79,739
| +5% | +$10.8M |
|
|
ATVI
100
DELISTED
Activision Blizzard
ATVI
| $201M | 0.19% |
9,660,147
-3,126,738
| -24% | -$71.1M |
|
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Jennison Associates's Q3 2014 Portfolio in Review
As of Q3 2014, Jennison Associates held 788 positions worth $108B, down 0.96% from $109B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates's Q3 2014 filing shows 82 new, 334 increased, 281 reduced and 71 closed positions. Its largest new stake was Alibaba: 9,140,584 shares worth $812M. The largest sale was RTX Corp, an estimated $839M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2014 buy was Alibaba: 9,140,584 shares worth $812M.
- Jennison Associates added most to Allergan plc in Q3 2014, an estimated $444M increase.
- Jennison Associates's biggest Q3 2014 reduction was Las Vegas Sands, cutting an estimated $405M.
- Jennison Associates fully exited RTX Corp in Q3 2014, selling an estimated $839M.
- Jennison Associates's ten largest holdings make up 20% of its $108B portfolio in Q3 2014.
- Jennison Associates opened 82 new positions and closed 71 in Q3 2014.
- Jennison Associates's portfolio value fell 0.96% quarter-over-quarter to $108B.
Based on Jennison Associates's 13F filing for Q3 2014, filed 5 Nov 2014.