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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Suncor Energy
SU
$77.7B
| $182M | 0.19% |
6,789,770
+51,429
| +0.8% | +$1.38M |
|
102
FMC
FMC
$1.25B
| $181M | 0.19% |
6,152,862
+15,064
| +0.2% | +$584K |
|
|
SAVE
103
DELISTED
Spirit Airlines, Inc.
SAVE
| $178M | 0.18% |
3,767,080
-239,717
| -6% | -$13.4M |
|
104
Henry Schein
HSIC
$9.78B
| $177M | 0.18% |
3,394,259
+58,538
| +2% | +$3.24M |
|
105
Vodafone
VOD
$37.1B
| $175M | 0.18% |
5,515,827
+602,508
| +12% | +$21.4M |
|
106
Amphenol
APH
$185B
| $173M | 0.18% |
13,543,632
+672,568
| +5% | +$9.03M |
|
107
AbbVie
ABBV
$465B
| $167M | 0.17% |
3,063,676
+655,980
| +27% | +$42.7M |
|
|
RAI
108
DELISTED
Reynolds American Inc
RAI
| $155M | 0.16% |
3,507,459
+67,075
| +2% | +$2.78M |
|
109
Intuit
INTU
$91.1B
| $155M | 0.16% |
1,742,029
-15,683
| -0.9% | -$1.52M |
|
|
AY
110
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $153M | 0.16% |
9,252,859
+1,490,621
| +19% | +$35.6M |
|
111
Occidental Petroleum
OXY
$55.7B
| $150M | 0.15% |
2,278,810
-179,039
| -7% | -$12.5M |
|
|
CSC
112
DELISTED
Computer Sciences
CSC
| $150M | 0.15% |
5,804,149
+3,651,174
| +170% | +$98.5M |
|
113
Ross Stores
ROST
$80.8B
| $150M | 0.15% |
3,091,538
-239,016
| -7% | -$12.2M |
|
114
Starwood Property Trust
STWD
$6.12B
| $150M | 0.15% |
7,294,201
+561,210
| +8% | +$12.2M |
|
115
Signet Jewelers
SIG
$3.84B
| $149M | 0.15% |
1,095,060
-10,115
| -0.9% | -$1.3M |
|
|
CQH
116
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $148M | 0.15% |
7,778,393
-13,785
| -0.2% | -$292K |
|
|
PDCE
117
DELISTED
PDC Energy, Inc.
PDCE
| $148M | 0.15% |
2,786,661
+219,413
| +9% | +$11.2M |
|
|
FRC
118
DELISTED
First Republic Bank
FRC
| $146M | 0.15% |
2,322,190
-39,309
| -2% | -$2.46M |
|
119
Ametek
AME
$53.9B
| $146M | 0.15% |
2,784,586
+175,123
| +7% | +$9.44M |
|
120
Williams Companies
WMB
$85.8B
| $145M | 0.15% |
3,942,534
-821,304
| -17% | -$40.9M |
|
121
Lear
LEA
$7.39B
| $142M | 0.15% |
1,305,537
+171,405
| +15% | +$17.9M |
|
122
Vail Resorts
MTN
$5.7B
| $140M | 0.14% |
1,339,657
-68,604
| -5% | -$7.42M |
|
|
IHS
123
DELISTED
IHS INC CL-A COM STK
IHS
| $139M | 0.14% |
1,196,863
-68,037
| -5% | -$8.24M |
|
124
Home Depot
HD
$337B
| $136M | 0.14% |
1,176,503
+52,138
| +5% | +$6.03M |
|
125
NextEra Energy
NEE
$185B
| $136M | 0.14% |
5,562,236
+259,824
| +5% | +$6.61M |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.