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 |
Microsoft
MSFT
|
+$424M |
| 2 |
Bath & Body Works
BBWI
|
+$342M |
| 3 |
Home Depot
HD
|
+$259M |
| 4 |
GE Aerospace
GE
|
+$247M |
| 5 |
Palo Alto Networks
PANW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$917M |
| 2 |
ARMH
ARM HOLDINGS PLC ADS
ARMH
|
+$396M |
| 3 |
Citigroup
C
|
+$377M |
| 4 |
Sherwin-Williams
SHW
|
+$292M |
| 5 |
Starbucks
SBUX
|
+$260M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.89% |
| 2 | Healthcare | 16.95% |
| 3 | Technology | 14.55% |
| 4 | Communication Services | 14.21% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Labcorp
LH
$27.2B
| $169M | 0.18% |
1,682,051
+11,973
| +0.7% | +$1.15M |
|
102
Sprouts Farmers Market
SFM
$7.6B
| $168M | 0.18% |
5,789,898
+683,425
| +13% | +$17.6M |
|
103
NextEra Energy
NEE
$171B
| $167M | 0.18% |
5,639,376
+53,412
| +1% | +$1.5M |
|
104
Cisco
CSCO
$433B
| $163M | 0.17% |
5,728,392
-623,573
| -10% | -$16M |
|
|
AY
105
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $163M | 0.17% |
9,155,518
-84,572
| -0.9% | -$1.43M |
|
106
Eaton
ETN
$156B
| $161M | 0.17% |
2,569,206
-186,781
| -7% | -$10.3M |
|
107
Suncor Energy
SU
$76.5B
| $159M | 0.17% |
5,734,411
-512,567
| -8% | -$12.4M |
|
108
Affiliated Managers Group
AMG
$9.59B
| $155M | 0.16% |
952,208
+33,630
| +4% | +$4.69M |
|
|
FRC
109
DELISTED
First Republic Bank
FRC
| $154M | 0.16% |
2,315,821
-22,239
| -1% | -$1.42M |
|
110
Burlington
BURL
$17.2B
| $152M | 0.16% |
2,701,600
+372,498
| +16% | +$19.5M |
|
111
Portland General Electric
POR
$5.83B
| $151M | 0.16% |
3,824,000
+212,986
| +6% | +$8.16M |
|
|
IHS
112
DELISTED
IHS INC CL-A COM STK
IHS
| $147M | 0.15% |
1,180,876
-15,684
| -1% | -$1.67M |
|
113
Axalta
AXTA
$7.92B
| $141M | 0.15% |
4,826,167
-54,773
| -1% | -$1.39M |
|
114
Philip Morris
PM
$299B
| $139M | 0.15% |
1,419,137
+288,013
| +25% | +$26.4M |
|
|
CQH
115
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $139M | 0.15% |
7,702,661
-10,053
| -0.1% | -$158K |
|
116
American Electric Power
AEP
$66.6B
| $138M | 0.15% |
2,085,801
+83,554
| +4% | +$5.17M |
|
117
Procter & Gamble
PG
$334B
| $136M | 0.14% |
+1,657,581
| New | +$134M |
|
118
Signet Jewelers
SIG
$3.21B
| $135M | 0.14% |
1,088,830
-99,997
| -8% | -$11.4M |
|
119
Intuit
INTU
$97.9B
| $135M | 0.14% |
1,296,618
-267,517
| -17% | -$25.8M |
|
120
AbbVie
ABBV
$451B
| $135M | 0.14% |
2,359,245
-310,414
| -12% | -$17.3M |
|
121
Hilton Worldwide
HLT
$72.4B
| $133M | 0.14% |
1,965,925
+88,051
| +5% | +$5.23M |
|
122
Cigna
CI
$73.7B
| $132M | 0.14% |
964,799
+40,580
| +4% | +$5.57M |
|
123
Copart
CPRT
$30.5B
| $132M | 0.14% |
25,977,128
+1,964,712
| +8% | +$9.07M |
|
124
Ross Stores
ROST
$73.3B
| $132M | 0.14% |
2,278,840
-813,506
| -26% | -$45.2M |
|
125
Global Payments
GPN
$24.3B
| $131M | 0.14% |
2,003,291
-325,938
| -14% | -$19.3M |
|
Similar funds
Jennison Associates's Q1 2016 Portfolio in Review
As of Q1 2016, Jennison Associates held 710 positions worth $95.3B, down 6.5% from $102B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q1 2016 filing shows 56 new, 303 increased, 241 reduced and 102 closed positions. Its largest new stake was Procter & Gamble: 1,657,581 shares worth $136M. The largest sale was LinkedIn Corporation, an estimated $917M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
- Jennison Associates's largest Q1 2016 buy was Procter & Gamble: 1,657,581 shares worth $136M.
- Jennison Associates added most to Microsoft in Q1 2016, an estimated $424M increase.
- Jennison Associates's biggest Q1 2016 reduction was LinkedIn Corporation, cutting an estimated $917M.
- Jennison Associates fully exited Sherwin-Williams in Q1 2016, selling an estimated $292M.
- Jennison Associates's ten largest holdings make up 24% of its $95.3B portfolio in Q1 2016.
- Jennison Associates opened 56 new positions and closed 102 in Q1 2016.
- Jennison Associates's portfolio value fell 6.5% quarter-over-quarter to $95.3B.
Based on Jennison Associates's 13F filing for Q1 2016, filed 3 May 2016.