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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Sherwin-Williams
SHW
$83.5B
| $261M | 0.27% |
3,521,280
-1,577,331
| -31% | -$138M |
|
77
Goldman Sachs
GS
$289B
| $255M | 0.26% |
1,470,385
-106,914
| -7% | -$21M |
|
|
78
Vertex Pharmaceuticals
VRTX
$123B
| $243M | 0.25% |
2,334,707
-2,770,547
| -54% | -$356M |
|
|
79
Canadian Pacific Kansas City
CP
$81B
| $235M | 0.24% |
8,168,540
-10,633,720
| -57% | -$321M |
|
|
80
EOG Resources
EOG
$77.7B
| $232M | 0.24% |
3,192,564
-4,426,693
| -58% | -$344M |
|
81
Ulta Beauty
ULTA
$21.8B
| $228M | 0.23% |
1,394,860
-108,936
| -7% | -$17.9M |
|
82
Electronic Arts
EA
$52.7B
| $227M | 0.23% |
3,352,107
-49,152
| -1% | -$3.44M |
|
83
Target
TGT
$66.3B
| $226M | 0.23% |
2,877,411
+66,888
| +2% | +$5.34M |
|
84
Comcast
CMCSA
$87.3B
| $223M | 0.23% |
7,849,740
-2,768
| -0% | -$82.2K |
|
85
SLM Corp
SLM
$4.83B
| $220M | 0.23% |
29,677,161
+3,010,552
| +11% | +$26.5M |
|
86
McDonald's
MCD
$193B
| $216M | 0.22% |
+2,189,083
| New | +$213M |
|
87
Centene
CNC
$30.5B
| $214M | 0.22% |
7,905,044
+1,303,038
| +20% | +$43.6M |
|
88
Hain Celestial
HAIN
$44.6M
| $214M | 0.22% |
4,147,537
-113,216
| -3% | -$7.17M |
|
|
FTR
89
DELISTED
Frontier Communications Corp.
FTR
| $213M | 0.22% |
2,987,393
+47,407
| +2% | +$3.59M |
|
90
PNC Financial Services
PNC
$99.1B
| $202M | 0.21% |
2,265,151
+120,319
| +6% | +$11.3M |
|
91
Halliburton
HAL
$26.1B
| $200M | 0.21% |
5,665,313
-103,908
| -2% | -$4.09M |
|
92
Universal Health Services
UHS
$10.2B
| $199M | 0.2% |
1,595,300
+144,099
| +10% | +$20.1M |
|
93
Roper Technologies
ROP
$40.4B
| $196M | 0.2% |
1,253,231
+20,188
| +2% | +$3.34M |
|
|
EVHC
94
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $195M | 0.2% |
1,767,999
-52,731
| -3% | -$6.53M |
|
95
Dollar Tree
DLTR
$24.8B
| $193M | 0.2% |
2,894,625
+67,216
| +2% | +$5.05M |
|
96
Cisco
CSCO
$443B
| $193M | 0.2% |
7,341,364
+24,930
| +0.3% | +$673K |
|
|
MFA
97
MFA Financial
MFA
$932M
| $191M | 0.2% |
7,009,417
-173,834
| -2% | -$5.1M |
|
98
Global Payments
GPN
$24.1B
| $188M | 0.19% |
3,270,482
-114,172
| -3% | -$6.34M |
|
99
J.M. Smucker
SJM
$13.5B
| $184M | 0.19% |
1,608,603
+337,861
| +27% | +$37.7M |
|
|
SRCL
100
DELISTED
Stericycle Inc
SRCL
| $183M | 0.19% |
1,310,847
+124,485
| +10% | +$17.3M |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.