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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ulta Beauty
ULTA
$21.8B
| $237M | 0.23% |
1,280,015
-114,845
| -8% | -$19.8M |
|
77
Hain Celestial
HAIN
$44.6M
| $225M | 0.22% |
5,569,925
+1,422,388
| +34% | +$64.5M |
|
78
SLM Corp
SLM
$4.83B
| $223M | 0.22% |
34,141,682
+4,464,521
| +15% | +$30.3M |
|
|
ENDP
79
DELISTED
Endo International plc
ENDP
| $223M | 0.22% |
3,635,223
-419,536
| -10% | -$25.5M |
|
80
Incyte
INCY
$25.4B
| $221M | 0.22% |
2,035,173
-2,533,725
| -55% | -$283M |
|
81
Goldman Sachs
GS
$289B
| $214M | 0.21% |
1,185,079
-285,306
| -19% | -$53M |
|
82
Henry Schein
HSIC
$9.78B
| $211M | 0.21% |
3,395,453
+1,194
| +0% | +$71K |
|
|
FTR
83
DELISTED
Frontier Communications Corp.
FTR
| $208M | 0.2% |
2,972,151
-15,242
| -0.5% | -$1.13M |
|
84
J.M. Smucker
SJM
$13.5B
| $208M | 0.2% |
1,683,080
+74,477
| +5% | +$8.88M |
|
85
Dollar Tree
DLTR
$24.8B
| $207M | 0.2% |
2,677,271
-217,354
| -8% | -$15.2M |
|
86
Conagra Brands
CAG
$7.42B
| $203M | 0.2% |
6,194,020
+5,297,072
| +591% | +$169M |
|
87
Target
TGT
$66.3B
| $203M | 0.2% |
2,797,830
-79,581
| -3% | -$5.94M |
|
88
FMC
FMC
$1.25B
| $202M | 0.2% |
5,945,764
-207,098
| -3% | -$7.09M |
|
89
PNC Financial Services
PNC
$99.1B
| $201M | 0.2% |
2,110,253
-154,898
| -7% | -$14.4M |
|
90
EOG Resources
EOG
$77.7B
| $200M | 0.2% |
2,821,750
-370,814
| -12% | -$30.1M |
|
91
Occidental Petroleum
OXY
$55.7B
| $195M | 0.19% |
2,887,330
+608,520
| +27% | +$43.8M |
|
92
Electronic Arts
EA
$52.4B
| $191M | 0.19% |
2,783,014
-569,093
| -17% | -$39.9M |
|
93
Universal Health Services
UHS
$10.2B
| $191M | 0.19% |
1,598,093
+2,793
| +0.2% | +$341K |
|
|
SRCL
94
DELISTED
Stericycle Inc
SRCL
| $187M | 0.18% |
1,549,196
+238,349
| +18% | +$30.4M |
|
95
Digital Realty Trust
DLR
$69.6B
| $183M | 0.18% |
2,416,718
+1,048,043
| +77% | +$75.6M |
|
96
Halliburton
HAL
$26.1B
| $180M | 0.18% |
5,282,202
-383,111
| -7% | -$14.4M |
|
97
Vodafone
VOD
$37.1B
| $179M | 0.18% |
5,535,783
+19,956
| +0.4% | +$652K |
|
|
AY
98
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $178M | 0.18% |
9,240,090
-12,769
| -0.1% | -$233K |
|
99
Labcorp
LH
$25.2B
| $177M | 0.17% |
1,670,078
+610,504
| +58% | +$63M |
|
100
Amphenol
APH
$185B
| $177M | 0.17% |
13,542,484
-1,148
| -0% | -$15.3K |
|
Similar funds
Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.