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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Adobe
ADBE
$116B
| $206M | 0.22% |
3,969,276
+28,977
| +0.7% | +$1.38M |
|
102
Ross Stores
ROST
$73.3B
| $203M | 0.21% |
5,578,046
+42,246
| +0.8% | +$1.44M |
|
103
HCA Healthcare
HCA
$90.5B
| $202M | 0.21% |
4,716,882
+1,584
| +0% | +$61.9K |
|
104
Occidental Petroleum
OXY
$59.1B
| $200M | 0.21% |
2,230,161
-39,381
| -2% | -$3.38M |
|
105
NOV
NOV
$7.48B
| $198M | 0.21% |
2,817,259
-177,482
| -6% | -$11.9M |
|
106
Core Laboratories
CLB
$567M
| $198M | 0.21% |
1,171,733
-7,811
| -0.7% | -$1.21M |
|
|
SEMG
107
DELISTED
SEMGROUP CORPORATION
SEMG
| $193M | 0.2% |
3,393,133
+534,479
| +19% | +$29.6M |
|
|
ATVI
108
DELISTED
Activision Blizzard
ATVI
| $191M | 0.2% |
11,428,133
+146,052
| +1% | +$2.42M |
|
|
WP
109
DELISTED
Worldpay, Inc.
WP
| $188M | 0.2% |
6,730,179
+2,968,150
| +79% | +$80.9M |
|
|
CIE
110
DELISTED
Cobalt International Energy, Inc
CIE
| $183M | 0.19% |
489,909
-94,174
| -16% | -$38.1M |
|
111
Roper Technologies
ROP
$42.2B
| $176M | 0.18% |
1,327,161
-165,164
| -11% | -$21.2M |
|
112
Ecolab
ECL
$80.4B
| $176M | 0.18% |
1,778,737
-45,832
| -3% | -$4.26M |
|
113
Lear
LEA
$8.26B
| $175M | 0.18% |
2,447,021
-28,104
| -1% | -$1.93M |
|
114
TransDigm Group
TDG
$65.6B
| $175M | 0.18% |
1,261,742
-575,783
| -31% | -$82M |
|
115
Comcast
CMCSA
$96B
| $174M | 0.18% |
7,725,658
+59,470
| +0.8% | +$1.29M |
|
116
FMC
FMC
$1.42B
| $174M | 0.18% |
2,803,611
+301,417
| +12% | +$17.3M |
|
|
EV
117
DELISTED
Eaton Vance Corp.
EV
| $174M | 0.18% |
4,478,986
+155,927
| +4% | +$6.21M |
|
118
Centene
CNC
$32B
| $173M | 0.18% |
10,835,636
+209,632
| +2% | +$3.02M |
|
|
BRSL
119
Brightstar Lottery PLC
BRSL
$2.11B
| $172M | 0.18% |
9,101,535
-981,618
| -10% | -$18.7M |
|
|
IHS
120
DELISTED
IHS INC CL-A COM STK
IHS
| $170M | 0.18% |
1,491,731
+208,260
| +16% | +$22.9M |
|
121
Amphenol
APH
$194B
| $170M | 0.18% |
17,575,072
-237,576
| -1% | -$2.32M |
|
122
W.R. Berkley
WRB
$25.4B
| $167M | 0.17% |
13,120,356
+4,497,788
| +52% | +$56.4M |
|
123
Bath & Body Works
BBWI
$3.88B
| $165M | 0.17% |
3,349,812
+39,487
| +1% | +$1.81M |
|
124
Teradata
TDC
$2.68B
| $164M | 0.17% |
2,955,403
+705,803
| +31% | +$41.4M |
|
125
Agilent Technologies
A
$43.4B
| $163M | 0.17% |
4,458,520
-1,157,823
| -21% | -$39M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.