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 |
Microsoft
MSFT
|
+$424M |
| 2 |
Bath & Body Works
BBWI
|
+$342M |
| 3 |
Home Depot
HD
|
+$259M |
| 4 |
GE Aerospace
GE
|
+$247M |
| 5 |
Palo Alto Networks
PANW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$917M |
| 2 |
ARMH
ARM HOLDINGS PLC ADS
ARMH
|
+$396M |
| 3 |
Citigroup
C
|
+$377M |
| 4 |
Sherwin-Williams
SHW
|
+$292M |
| 5 |
Starbucks
SBUX
|
+$260M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.89% |
| 2 | Healthcare | 16.95% |
| 3 | Technology | 14.55% |
| 4 | Communication Services | 14.21% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Dollar Tree
DLTR
$24.1B
| $218M | 0.23% |
2,646,902
-30,369
| -1% | -$2.4M |
|
77
Goldman Sachs
GS
$301B
| $215M | 0.23% |
1,367,638
+182,559
| +15% | +$28.2M |
|
78
Henry Schein
HSIC
$9.98B
| $215M | 0.23% |
3,169,857
-225,596
| -7% | -$14.1M |
|
79
J.M. Smucker
SJM
$14.1B
| $214M | 0.22% |
1,648,680
-34,400
| -2% | -$4.34M |
|
80
Digital Realty Trust
DLR
$68.8B
| $207M | 0.22% |
2,339,576
-77,142
| -3% | -$6.25M |
|
81
Carnival Corporation Ltd
CCL
$33.9B
| $207M | 0.22% |
3,914,892
-2,137,985
| -35% | -$103M |
|
82
Conagra Brands
CAG
$7.72B
| $205M | 0.22% |
5,904,231
-289,789
| -5% | -$9.41M |
|
|
SRCL
83
DELISTED
Stericycle Inc
SRCL
| $201M | 0.21% |
1,590,255
+41,059
| +3% | +$4.78M |
|
84
Target
TGT
$74.1B
| $197M | 0.21% |
2,398,246
-399,584
| -14% | -$30.2M |
|
|
CONE
85
DELISTED
CyrusOne Inc Common Stock
CONE
| $197M | 0.21% |
4,304,518
+825,868
| +24% | +$31.6M |
|
86
Tapestry
TPR
$25B
| $196M | 0.21% |
4,898,357
+2,032,172
| +71% | +$73.6M |
|
|
TIF
87
DELISTED
Tiffany & Co.
TIF
| $194M | 0.2% |
2,642,089
-1,826,939
| -41% | -$123M |
|
88
Roper Technologies
ROP
$42.2B
| $193M | 0.2% |
1,057,572
-196,662
| -16% | -$33.9M |
|
89
Amphenol
APH
$194B
| $193M | 0.2% |
13,369,448
-173,036
| -1% | -$2.25M |
|
|
MFA
90
MFA Financial
MFA
$893M
| $191M | 0.2% |
6,969,370
+387,832
| +6% | +$10.2M |
|
91
Sempra
SRE
$55.1B
| $188M | 0.2% |
3,619,636
+936,488
| +35% | +$45.1M |
|
92
FMC
FMC
$1.42B
| $188M | 0.2% |
5,377,680
-568,084
| -10% | -$18.4M |
|
93
Bank of America
BAC
$436B
| $186M | 0.19% |
13,723,857
-672,022
| -5% | -$9.07M |
|
94
EOG Resources
EOG
$75.2B
| $183M | 0.19% |
2,527,165
-294,585
| -10% | -$20.4M |
|
|
EA
95
DELISTED
Electronic Arts
EA
| $182M | 0.19% |
2,747,030
-35,984
| -1% | -$2.3M |
|
|
SAVE
96
DELISTED
Spirit Airlines, Inc.
SAVE
| $180M | 0.19% |
3,756,160
+618,433
| +20% | +$27.7M |
|
97
PNC Financial Services
PNC
$96.6B
| $179M | 0.19% |
2,112,369
+2,116
| +0.1% | +$180K |
|
98
Universal Health Services
UHS
$10.1B
| $178M | 0.19% |
1,427,419
-170,674
| -11% | -$19.2M |
|
99
Vail Resorts
MTN
$5.06B
| $176M | 0.18% |
1,316,586
+87,067
| +7% | +$10.9M |
|
100
Starwood Property Trust
STWD
$5.85B
| $176M | 0.18% |
9,288,049
+1,996,419
| +27% | +$37M |
|
Similar funds
Jennison Associates's Q1 2016 Portfolio in Review
As of Q1 2016, Jennison Associates held 710 positions worth $95.3B, down 6.5% from $102B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q1 2016 filing shows 56 new, 303 increased, 241 reduced and 102 closed positions. Its largest new stake was Procter & Gamble: 1,657,581 shares worth $136M. The largest sale was LinkedIn Corporation, an estimated $917M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
- Jennison Associates's largest Q1 2016 buy was Procter & Gamble: 1,657,581 shares worth $136M.
- Jennison Associates added most to Microsoft in Q1 2016, an estimated $424M increase.
- Jennison Associates's biggest Q1 2016 reduction was LinkedIn Corporation, cutting an estimated $917M.
- Jennison Associates fully exited Sherwin-Williams in Q1 2016, selling an estimated $292M.
- Jennison Associates's ten largest holdings make up 24% of its $95.3B portfolio in Q1 2016.
- Jennison Associates opened 56 new positions and closed 102 in Q1 2016.
- Jennison Associates's portfolio value fell 6.5% quarter-over-quarter to $95.3B.
Based on Jennison Associates's 13F filing for Q1 2016, filed 3 May 2016.