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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Labcorp
LH
$27.2B
| $180M | 0.19% |
1,463,908
-170,051
| -10% | -$20.1M |
|
|
MFA
77
MFA Financial
MFA
$893M
| $180M | 0.19% |
5,579,267
-603,578
| -10% | -$19.2M |
|
78
Burlington
BURL
$17.1B
| $179M | 0.19% |
1,843,090
-22,291
| -1% | -$1.97M |
|
79
MetLife
MET
$61.3B
| $173M | 0.19% |
3,671,497
+191,340
| +5% | +$9.12M |
|
|
APC
80
DELISTED
Anadarko Petroleum
APC
| $172M | 0.18% |
2,777,471
+48,926
| +2% | +$3.26M |
|
81
Tapestry
TPR
$25B
| $169M | 0.18% |
4,083,498
-1,205,935
| -23% | -$45.4M |
|
|
CQH
82
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $167M | 0.18% |
6,834,866
-917,793
| -12% | -$21.5M |
|
83
Mondelez International
MDLZ
$79.6B
| $166M | 0.18% |
3,861,061
-1,127,567
| -23% | -$50M |
|
84
RTX Corp
RTX
$285B
| $159M | 0.17% |
2,257,128
+147,675
| +7% | +$10.4M |
|
85
Roper Technologies
ROP
$42.2B
| $158M | 0.17% |
765,964
-152,964
| -17% | -$30.7M |
|
86
DuPont de Nemours
DD
$18.5B
| $158M | 0.17% |
982,244
+184,536
| +23% | +$28.7M |
|
87
Cisco
CSCO
$433B
| $157M | 0.17% |
4,645,879
+1,169,698
| +34% | +$37.9M |
|
88
Morgan Stanley
MS
$337B
| $157M | 0.17% |
3,665,236
-182,639
| -5% | -$8.1M |
|
89
Vertex Pharmaceuticals
VRTX
$137B
| $156M | 0.17% |
1,428,754
+125,744
| +10% | +$11.1M |
|
90
Williams Companies
WMB
$90.2B
| $156M | 0.17% |
5,270,855
+1,882,785
| +56% | +$54.4M |
|
91
NextEra Energy
NEE
$171B
| $154M | 0.17% |
4,804,996
-575,560
| -11% | -$18.1M |
|
92
Ametek
AME
$54.2B
| $150M | 0.16% |
2,771,193
-52,878
| -2% | -$2.79M |
|
93
Suncor Energy
SU
$76.5B
| $149M | 0.16% |
4,840,568
-751,737
| -13% | -$23.7M |
|
94
Carnival Corporation Ltd
CCL
$33.9B
| $149M | 0.16% |
2,522,483
-198,097
| -7% | -$11.1M |
|
|
FRC
95
DELISTED
First Republic Bank
FRC
| $148M | 0.16% |
1,574,713
-23,600
| -1% | -$2.22M |
|
|
INFO
96
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $146M | 0.16% |
3,470,403
-62,954
| -2% | -$2.49M |
|
97
Conagra Brands
CAG
$7.72B
| $144M | 0.15% |
3,573,759
-209,889
| -6% | -$8.38M |
|
98
Eli Lilly
LLY
$1.05T
| $144M | 0.15% |
1,709,719
-25,691
| -1% | -$2.06M |
|
99
Sprouts Farmers Market
SFM
$7.6B
| $144M | 0.15% |
6,217,008
-1,900,016
| -23% | -$37.2M |
|
|
AERI
100
DELISTED
Aerie Pharmaceuticals
AERI
| $142M | 0.15% |
3,134,916
-293,944
| -9% | -$13.1M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.