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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Henry Schein
HSIC
$9.98B
| $214M | 0.24% |
3,092,112
-77,745
| -2% | -$5.25M |
|
77
SLM Corp
SLM
$4.97B
| $213M | 0.23% |
34,447,452
+82,368
| +0.2% | +$537K |
|
78
EOG Resources
EOG
$75.2B
| $210M | 0.23% |
2,515,021
-12,144
| -0.5% | -$973K |
|
79
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
| $210M | 0.23% |
+1,000,000
| New | +$207M |
|
80
Citigroup
C
$223B
| $209M | 0.23% |
4,938,212
-731,193
| -13% | -$32.3M |
|
81
Starwood Property Trust
STWD
$5.85B
| $198M | 0.22% |
9,542,593
+254,544
| +3% | +$5.07M |
|
|
MFA
82
MFA Financial
MFA
$893M
| $197M | 0.22% |
6,787,570
-181,800
| -3% | -$5.12M |
|
83
Sempra
SRE
$55.1B
| $197M | 0.22% |
3,459,084
-160,552
| -4% | -$8.51M |
|
84
Universal Health Services
UHS
$10.1B
| $194M | 0.21% |
1,445,900
+18,481
| +1% | +$2.44M |
|
85
Goldman Sachs
GS
$301B
| $193M | 0.21% |
1,296,059
-71,579
| -5% | -$11.2M |
|
|
EA
86
DELISTED
Electronic Arts
EA
| $192M | 0.21% |
2,530,819
-216,211
| -8% | -$15.2M |
|
87
Labcorp
LH
$27.2B
| $190M | 0.21% |
1,700,509
+18,458
| +1% | +$1.99M |
|
88
Burlington
BURL
$17.1B
| $189M | 0.21% |
2,830,711
+129,111
| +5% | +$7.58M |
|
89
Wells Fargo
WFC
$262B
| $185M | 0.2% |
3,916,638
-1,527,828
| -28% | -$74.5M |
|
90
NextEra Energy
NEE
$171B
| $184M | 0.2% |
5,642,032
+2,656
| +0% | +$79.7K |
|
91
Roper Technologies
ROP
$42.2B
| $183M | 0.2% |
1,075,710
+18,138
| +2% | +$3.17M |
|
92
Vail Resorts
MTN
$5.06B
| $182M | 0.2% |
1,315,053
-1,533
| -0.1% | -$202K |
|
93
Digital Realty Trust
DLR
$68.8B
| $181M | 0.2% |
1,664,968
-674,608
| -29% | -$64M |
|
94
FMC
FMC
$1.42B
| $177M | 0.19% |
4,413,066
-964,614
| -18% | -$37.8M |
|
95
FirstEnergy
FE
$26.5B
| $177M | 0.19% |
5,057,586
-1,836,037
| -27% | -$62.2M |
|
96
Amphenol
APH
$194B
| $176M | 0.19% |
12,284,180
-1,085,268
| -8% | -$15.6M |
|
97
Carnival Corporation Ltd
CCL
$33.9B
| $171M | 0.19% |
3,871,826
-43,066
| -1% | -$2.11M |
|
|
AY
98
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $169M | 0.19% |
9,102,591
-52,927
| -0.6% | -$929K |
|
|
SRCL
99
DELISTED
Stericycle Inc
SRCL
| $168M | 0.18% |
1,616,870
+26,615
| +2% | +$2.85M |
|
100
Portland General Electric
POR
$5.83B
| $168M | 0.18% |
3,814,704
-9,296
| -0.2% | -$379K |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.