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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
United Airlines
UAL
$35.9B
| $161M | 0.17% |
5,239,485
-973,667
| -16% | -$31.3M |
|
127
Under Armour
UAA
$2.18B
| $157M | 0.16% |
+7,886,544
| New | +$139M |
|
128
Church & Dwight Co
CHD
$24B
| $156M | 0.16% |
5,183,582
+313,792
| +6% | +$9.66M |
|
129
Cinemark Holdings
CNK
$4.17B
| $154M | 0.16% |
4,867,598
+170,753
| +4% | +$5.14M |
|
|
WDR
130
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $154M | 0.16% |
2,994,169
+1,248,316
| +72% | +$62.1M |
|
131
PNC Financial Services
PNC
$96.6B
| $154M | 0.16% |
2,121,702
-5,598
| -0.3% | -$418K |
|
132
Celldex Therapeutics
CLDX
$3.07B
| $151M | 0.16% |
284,858
-26,645
| -9% | -$9.14M |
|
|
FTR
133
DELISTED
Frontier Communications Corp.
FTR
| $149M | 0.16% |
2,389,055
+191,311
| +9% | +$12.4M |
|
134
Bausch Health
BHC
$2.36B
| $148M | 0.16% |
1,419,760
-15,541
| -1% | -$1.51M |
|
|
HOLX
135
DELISTED
Hologic
HOLX
| $146M | 0.15% |
7,054,315
+1,018,605
| +17% | +$21.7M |
|
|
CIVI
136
DELISTED
Civitas Resources
CIVI
| $145M | 0.15% |
26,929
+199
| +0.7% | +$919K |
|
137
O'Reilly Automotive
ORLY
$71.6B
| $144M | 0.15% |
16,942,170
-1,186,320
| -7% | -$9.7M |
|
|
MFA
138
MFA Financial
MFA
$893M
| $144M | 0.15% |
4,818,577
+199,173
| +4% | +$6.11M |
|
|
AVP
139
DELISTED
Avon Products, Inc.
AVP
| $143M | 0.15% |
6,949,998
+1,561,488
| +29% | +$33.4M |
|
|
SRCL
140
DELISTED
Stericycle Inc
SRCL
| $142M | 0.15% |
1,226,777
-1,926
| -0.2% | -$222K |
|
|
SYA
141
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $138M | 0.14% |
7,750,936
-400,955
| -5% | -$7.15M |
|
|
BBBY
142
DELISTED
Bed Bath & Beyond Inc
BBBY
| $138M | 0.14% |
1,778,753
+411,335
| +30% | +$30.8M |
|
143
Merck
MRK
$366B
| $137M | 0.14% |
3,020,140
-26,400
| -0.9% | -$1.21M |
|
144
Bread Financial
BFH
$4.06B
| $137M | 0.14% |
810,940
+206,953
| +34% | +$32.8M |
|
|
THI
145
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $133M | 0.14% |
2,293,684
+27,282
| +1% | +$1.55M |
|
146
Gartner
IT
$12.5B
| $132M | 0.14% |
2,206,716
-419,868
| -16% | -$24.7M |
|
|
NIHD
147
DELISTED
NII HOLDINGS INC CL B
NIHD
| $132M | 0.14% |
21,686,627
-5,768
| -0% | -$38.9K |
|
148
Starwood Property Trust
STWD
$5.85B
| $131M | 0.14% |
6,796,742
+555,592
| +9% | +$11.2M |
|
|
HOT
149
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $130M | 0.14% |
1,961,022
+309,832
| +19% | +$20.5M |
|
|
ARG
150
DELISTED
Airgas Inc
ARG
| $129M | 0.14% |
1,215,193
+8,613
| +0.7% | +$885K |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.