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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.26% |
| 2 | Healthcare | 15.72% |
| 3 | Consumer Discretionary | 14.97% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Flex
FLEX
$40.8B
| $144M | 0.15% |
11,514,188
-28,014
| -0.2% | -$345K |
|
102
Williams Companies
WMB
$90.2B
| $143M | 0.15% |
4,773,750
-95,637
| -2% | -$2.91M |
|
103
Morgan Stanley
MS
$337B
| $143M | 0.15% |
2,962,020
-54,177
| -2% | -$2.51M |
|
104
Suncor Energy
SU
$76.5B
| $140M | 0.14% |
3,983,603
-337,707
| -8% | -$10.8M |
|
105
CSX Corp
CSX
$95B
| $139M | 0.14% |
7,700,502
-3,275,445
| -30% | -$56.2M |
|
106
S&P Global
SPGI
$131B
| $139M | 0.14% |
889,105
-47,442
| -5% | -$7.21M |
|
107
American Electric Power
AEP
$66.6B
| $137M | 0.14% |
1,952,974
+1,262
| +0.1% | +$89.9K |
|
108
Walmart Inc
WMT
$820B
| $137M | 0.14% |
5,261,871
+389,496
| +8% | +$10.2M |
|
|
SEE
109
DELISTED
Sealed Air
SEE
| $135M | 0.14% |
3,162,015
-216,106
| -6% | -$9.57M |
|
|
WPX
110
DELISTED
WPX Energy, Inc.
WPX
| $135M | 0.14% |
11,736,196
+741,194
| +7% | +$7.58M |
|
111
RTX Corp
RTX
$285B
| $134M | 0.14% |
1,829,165
-405,110
| -18% | -$30M |
|
112
Targa Resources
TRGP
$61.7B
| $133M | 0.14% |
2,808,624
-80,579
| -3% | -$3.66M |
|
113
Centene
CNC
$32B
| $133M | 0.14% |
2,741,620
-910,728
| -25% | -$39.2M |
|
114
Newell Brands
NWL
$2.63B
| $132M | 0.14% |
3,103,400
+775,189
| +33% | +$37.9M |
|
|
INFO
115
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $131M | 0.13% |
2,967,846
-310,946
| -9% | -$14.3M |
|
116
Qualcomm
QCOM
$175B
| $130M | 0.13% |
2,510,007
-4,687,781
| -65% | -$248M |
|
117
Paycom
PAYC
$10.8B
| $129M | 0.13% |
1,720,626
-44,080
| -2% | -$3.16M |
|
|
CAVM
118
DELISTED
Cavium, Inc.
CAVM
| $128M | 0.13% |
1,939,958
+652,177
| +51% | +$41.3M |
|
119
ServiceNow
NOW
$150B
| $128M | 0.13% |
5,439,235
-439,540
| -7% | -$9.78M |
|
120
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $126M | 0.13% |
1,886,559
+177,049
| +10% | +$11.2M |
|
121
Nike
NKE
$58.7B
| $126M | 0.13% |
2,429,468
-59,153
| -2% | -$3.32M |
|
122
Palo Alto Networks
PANW
$303B
| $126M | 0.13% |
5,243,736
-391,638
| -7% | -$8.92M |
|
123
Merck
MRK
$366B
| $123M | 0.13% |
2,016,735
-20,545
| -1% | -$1.25M |
|
124
CDW
CDW
$18.5B
| $123M | 0.13% |
1,856,396
-70,853
| -4% | -$4.43M |
|
125
Chevron
CVX
$396B
| $121M | 0.12% |
1,032,057
-20,708
| -2% | -$2.26M |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.