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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
American Tower
AMT
$82.1B
| $142M | 0.15% |
1,168,272
-272,368
| -19% | -$30M |
|
102
Amphenol
APH
$194B
| $142M | 0.15% |
7,960,672
-461,540
| -5% | -$7.99M |
|
103
Truist Financial
TFC
$61.6B
| $141M | 0.15% |
3,151,201
-283,408
| -8% | -$13.2M |
|
104
Patterson-UTI
PTEN
$4.74B
| $141M | 0.15% |
5,801,622
+1,979,263
| +52% | +$53.4M |
|
105
Centene
CNC
$32B
| $141M | 0.15% |
3,945,938
-1,509,270
| -28% | -$50.5M |
|
|
SAVE
106
DELISTED
Spirit Airlines, Inc.
SAVE
| $141M | 0.15% |
2,648,627
+231,088
| +10% | +$12.4M |
|
|
CSC
107
DELISTED
Computer Sciences
CSC
| $139M | 0.15% |
2,013,885
+103,578
| +5% | +$6.87M |
|
108
Hain Celestial
HAIN
$66.1M
| $139M | 0.15% |
3,731,940
-238,515
| -6% | -$8.97M |
|
109
Merck
MRK
$366B
| $138M | 0.15% |
2,274,681
-33,479
| -1% | -$2.03M |
|
110
PUT
iShares Russell 2000 ETF
IWM
$80.8B
| $137M | 0.15% |
+1,000,000
| New | +$137M |
|
111
DTE Energy
DTE
$28.3B
| $137M | 0.15% |
1,580,274
-163,534
| -9% | -$13.9M |
|
112
Cinemark Holdings
CNK
$4.17B
| $133M | 0.14% |
3,000,315
+167,327
| +6% | +$7.04M |
|
113
Affiliated Managers Group
AMG
$9.59B
| $132M | 0.14% |
806,780
-67,953
| -8% | -$10.8M |
|
114
UnitedHealth
UNH
$353B
| $132M | 0.14% |
803,377
-15,407
| -2% | -$2.52M |
|
115
Equinix
EQIX
$103B
| $131M | 0.14% |
326,154
+29,129
| +10% | +$11.1M |
|
116
American Electric Power
AEP
$66.6B
| $130M | 0.14% |
1,943,369
-8,703
| -0.4% | -$564K |
|
|
CONE
117
DELISTED
CyrusOne Inc Common Stock
CONE
| $127M | 0.14% |
2,472,532
-715,728
| -22% | -$35.2M |
|
118
DexCom
DXCM
$34.3B
| $127M | 0.14% |
5,988,516
+124,328
| +2% | +$2.43M |
|
119
East-West Bancorp
EWBC
$17.7B
| $126M | 0.14% |
2,448,252
-212,168
| -8% | -$11.1M |
|
120
Chevron
CVX
$396B
| $125M | 0.13% |
1,167,288
-483,464
| -29% | -$54.2M |
|
|
EA
121
DELISTED
Electronic Arts
EA
| $125M | 0.13% |
1,398,241
-161,337
| -10% | -$13.7M |
|
122
Paycom
PAYC
$10.8B
| $124M | 0.13% |
2,162,782
-86,330
| -4% | -$4.48M |
|
123
Edison International
EIX
$27B
| $124M | 0.13% |
1,560,581
-5,947
| -0.4% | -$451K |
|
|
VIAB
124
DELISTED
Viacom Inc. Class B
VIAB
| $122M | 0.13% |
2,621,864
+750,874
| +40% | +$31.7M |
|
125
CBRE Group
CBRE
$43.7B
| $122M | 0.13% |
3,497,875
-691,200
| -17% | -$23.1M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.