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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.24% |
| 2 | Consumer Discretionary | 17.64% |
| 3 | Healthcare | 13.82% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Tapestry
TPR
$25B
| $185M | 0.21% |
5,289,433
-436,792
| -8% | -$15.9M |
|
77
Global Payments
GPN
$24.3B
| $183M | 0.2% |
2,634,615
+596,413
| +29% | +$42.8M |
|
78
Suncor Energy
SU
$76.5B
| $183M | 0.2% |
5,592,305
+402,214
| +8% | +$12.3M |
|
|
UNVR
79
DELISTED
Univar Solutions Inc.
UNVR
| $182M | 0.2% |
6,419,741
+110,617
| +2% | +$2.67M |
|
80
Labcorp
LH
$27.2B
| $180M | 0.2% |
1,633,959
-20,928
| -1% | -$2.32M |
|
81
Vail Resorts
MTN
$5.06B
| $177M | 0.2% |
1,096,972
+88,001
| +9% | +$14M |
|
82
Exelon
EXC
$45.3B
| $174M | 0.19% |
6,886,025
+904,692
| +15% | +$21.5M |
|
|
CQH
83
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $173M | 0.19% |
7,752,659
-6,984
| -0.1% | -$149K |
|
84
Citigroup
C
$223B
| $170M | 0.19% |
2,861,687
-2,106,093
| -42% | -$114M |
|
85
Roper Technologies
ROP
$42.2B
| $168M | 0.19% |
918,928
+22,804
| +3% | +$4.09M |
|
86
MetLife
MET
$61.3B
| $167M | 0.19% |
3,480,157
-576,158
| -14% | -$26.4M |
|
87
Occidental Petroleum
OXY
$59.1B
| $166M | 0.19% |
2,334,377
-1,068,620
| -31% | -$75.9M |
|
88
Union Pacific
UNP
$183B
| $166M | 0.19% |
1,600,820
+100,388
| +7% | +$9.87M |
|
|
MBLY
89
DELISTED
Mobileye N.V.
MBLY
| $165M | 0.18% |
4,318,759
+720,600
| +20% | +$27.1M |
|
90
Morgan Stanley
MS
$337B
| $163M | 0.18% |
3,847,875
-202,964
| -5% | -$7.67M |
|
|
91
McDonald's
MCD
$188B
| $162M | 0.18% |
1,333,883
-4,571,700
| -77% | -$536M |
|
92
Portland General Electric
POR
$5.83B
| $162M | 0.18% |
3,727,427
+19,343
| +0.5% | +$816K |
|
93
Truist Financial
TFC
$61.6B
| $161M | 0.18% |
3,434,609
+2,269,429
| +195% | +$96.5M |
|
94
NextEra Energy
NEE
$171B
| $161M | 0.18% |
5,380,556
+93,484
| +2% | +$2.79M |
|
95
Burlington
BURL
$17.1B
| $158M | 0.18% |
1,865,381
-509,152
| -21% | -$41.1M |
|
96
Hain Celestial
HAIN
$66.1M
| $155M | 0.17% |
3,970,455
+157,231
| +4% | +$5.89M |
|
97
Centene
CNC
$32B
| $154M | 0.17% |
5,455,208
-1,315,370
| -19% | -$38.8M |
|
98
Sprouts Farmers Market
SFM
$7.6B
| $154M | 0.17% |
8,117,024
+343,125
| +4% | +$7.21M |
|
|
99
American Tower
AMT
$82.1B
| $152M | 0.17% |
1,440,640
-6,293,637
| -81% | -$684M |
|
100
Conagra Brands
CAG
$7.72B
| $150M | 0.17% |
3,783,648
-1,392,469
| -27% | -$52M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.79B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.