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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.26% |
| 2 | Healthcare | 15.72% |
| 3 | Consumer Discretionary | 14.97% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
DuPont de Nemours
DD
$18.5B
| $176M | 0.18% |
1,006,685
+712
| +0.1% | +$119K |
|
77
Eli Lilly
LLY
$1.05T
| $172M | 0.18% |
2,006,766
+59,705
| +3% | +$4.9M |
|
78
Comcast
CMCSA
$96B
| $171M | 0.18% |
4,447,512
-1,678,777
| -27% | -$66.1M |
|
79
Truist Financial
TFC
$61.6B
| $170M | 0.17% |
3,616,779
+30,194
| +0.8% | +$1.39M |
|
80
Mondelez International
MDLZ
$79.6B
| $170M | 0.17% |
4,175,365
-46,597
| -1% | -$1.98M |
|
81
Tapestry
TPR
$25B
| $169M | 0.17% |
4,201,179
-435,852
| -9% | -$19.2M |
|
|
SUM
82
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $166M | 0.17% |
5,355,912
+1,325,437
| +33% | +$37.6M |
|
|
CQH
83
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $164M | 0.17% |
6,531,380
-65,806
| -1% | -$1.69M |
|
84
American Tower
AMT
$82.1B
| $160M | 0.16% |
1,172,463
-450
| -0% | -$62.6K |
|
85
Roper Technologies
ROP
$42.2B
| $158M | 0.16% |
650,041
-97,163
| -13% | -$22.8M |
|
86
East-West Bancorp
EWBC
$17.7B
| $157M | 0.16% |
2,621,038
+216,414
| +9% | +$12.3M |
|
87
Analog Devices
ADI
$175B
| $156M | 0.16% |
1,815,377
-487,003
| -21% | -$39.3M |
|
88
DXC Technology
DXC
$1.79B
| $156M | 0.16% |
2,099,665
+440,356
| +27% | +$31.2M |
|
|
UNVR
89
DELISTED
Univar Solutions Inc.
UNVR
| $155M | 0.16% |
5,359,264
-730,585
| -12% | -$21M |
|
90
Starwood Property Trust
STWD
$5.85B
| $154M | 0.16% |
7,102,881
-904,027
| -11% | -$19.9M |
|
91
Hilton Worldwide
HLT
$72.4B
| $153M | 0.16% |
2,197,113
-179,565
| -8% | -$11.4M |
|
92
Equinix
EQIX
$103B
| $149M | 0.15% |
334,290
-29,395
| -8% | -$13.2M |
|
93
Labcorp
LH
$27.2B
| $149M | 0.15% |
1,149,970
-104,074
| -8% | -$13.9M |
|
|
FOLD
94
DELISTED
Amicus Therapeutics
FOLD
| $147M | 0.15% |
9,772,025
+838,267
| +9% | +$11.1M |
|
95
Procter & Gamble
PG
$334B
| $147M | 0.15% |
1,618,097
+360,695
| +29% | +$32.8M |
|
|
FRC
96
DELISTED
First Republic Bank
FRC
| $147M | 0.15% |
1,407,149
-125,390
| -8% | -$12.5M |
|
97
Cinemark Holdings
CNK
$4.17B
| $147M | 0.15% |
4,049,006
+60,330
| +2% | +$2.19M |
|
|
98
Ulta Beauty
ULTA
$22.2B
| $146M | 0.15% |
643,935
-1,824,397
| -74% | -$439M |
|
99
Ametek
AME
$54.2B
| $145M | 0.15% |
2,196,675
-412,391
| -16% | -$26.1M |
|
100
DTE Energy
DTE
$28.3B
| $144M | 0.15% |
1,580,274
| – | – |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.