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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Target
TGT
$74.1B
| $161M | 0.18% |
2,300,876
-97,370
| -4% | -$7.26M |
|
102
Suncor Energy
SU
$76.5B
| $160M | 0.18% |
5,778,003
+43,592
| +0.8% | +$1.2M |
|
103
Sprouts Farmers Market
SFM
$7.6B
| $158M | 0.17% |
6,918,927
+1,129,029
| +19% | +$28.9M |
|
104
PNC Financial Services
PNC
$96.6B
| $158M | 0.17% |
1,940,203
-172,166
| -8% | -$14.8M |
|
105
DTE Energy
DTE
$28.3B
| $158M | 0.17% |
1,871,559
+250,182
| +15% | +$19.3M |
|
106
Copart
CPRT
$30.5B
| $156M | 0.17% |
25,404,784
-572,344
| -2% | -$3.21M |
|
|
CQH
107
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $154M | 0.17% |
7,749,748
+47,087
| +0.6% | +$912K |
|
|
SAVE
108
DELISTED
Spirit Airlines, Inc.
SAVE
| $154M | 0.17% |
3,437,370
-318,790
| -8% | -$14.2M |
|
109
Bank of America
BAC
$436B
| $154M | 0.17% |
11,605,404
-2,118,453
| -15% | -$29.8M |
|
110
MetLife
MET
$61.3B
| $152M | 0.17% |
4,295,648
-1,855,453
| -30% | -$72.4M |
|
111
Exelon
EXC
$45.3B
| $148M | 0.16% |
5,690,889
+2,251,578
| +65% | +$55.7M |
|
112
Procter & Gamble
PG
$334B
| $148M | 0.16% |
1,742,371
+84,790
| +5% | +$6.96M |
|
113
American Electric Power
AEP
$66.6B
| $147M | 0.16% |
2,100,338
+14,537
| +0.7% | +$951K |
|
114
AbbVie
ABBV
$451B
| $146M | 0.16% |
2,354,472
-4,773
| -0.2% | -$291K |
|
|
EVHC
115
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $138M | 0.15% |
1,820,310
-264,488
| -13% | -$18.8M |
|
116
Merck
MRK
$366B
| $138M | 0.15% |
2,513,686
-54,774
| -2% | -$2.92M |
|
|
FRC
117
DELISTED
First Republic Bank
FRC
| $138M | 0.15% |
1,973,914
-341,907
| -15% | -$23.7M |
|
118
Dollar General
DG
$27.1B
| $138M | 0.15% |
1,467,409
+16,340
| +1% | +$1.41M |
|
119
DexCom
DXCM
$34.3B
| $136M | 0.15% |
6,870,296
+629,468
| +10% | +$10.7M |
|
120
Philip Morris
PM
$299B
| $136M | 0.15% |
1,333,673
-85,464
| -6% | -$8.52M |
|
121
Hilton Worldwide
HLT
$72.4B
| $135M | 0.15% |
2,001,182
+35,257
| +2% | +$2.31M |
|
122
PTC
PTC
$17.1B
| $135M | 0.15% |
3,591,550
+62,504
| +2% | +$2.24M |
|
123
Edison International
EIX
$27B
| $135M | 0.15% |
1,735,912
+211,651
| +14% | +$15.2M |
|
|
IHS
124
DELISTED
IHS INC CL-A COM STK
IHS
| $131M | 0.14% |
1,136,302
-44,574
| -4% | -$5.35M |
|
125
Affiliated Managers Group
AMG
$9.59B
| $128M | 0.14% |
912,802
-39,406
| -4% | -$6.45M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.