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 | |
|---|---|---|---|---|---|---|
126
CMS Energy
CMS
$21.4B
| $128M | 0.14% |
2,780,349
| – | – |
|
127
NiSource
NI
$19.5B
| $127M | 0.14% |
4,786,439
-620,132
| -11% | -$14.9M |
|
128
Kraft Heinz
KHC
$30.5B
| $127M | 0.14% |
1,432,952
-73,535
| -5% | -$6.05M |
|
129
Global Payments
GPN
$24.3B
| $126M | 0.14% |
1,766,692
-236,599
| -12% | -$17.5M |
|
130
Alliant Energy
LNT
$17.6B
| $126M | 0.14% |
3,169,597
-37,207
| -1% | -$1.38M |
|
131
Ross Stores
ROST
$73.3B
| $126M | 0.14% |
2,216,133
-62,707
| -3% | -$3.48M |
|
132
Axalta
AXTA
$7.92B
| $124M | 0.14% |
4,680,044
-146,123
| -3% | -$4.14M |
|
133
Texas Instruments
TXN
$236B
| $124M | 0.14% |
1,980,916
-19,433
| -1% | -$1.16M |
|
134
Union Pacific
UNP
$183B
| $123M | 0.14% |
1,414,657
-6,199
| -0.4% | -$524K |
|
135
Patterson-UTI
PTEN
$4.74B
| $123M | 0.13% |
5,760,173
-270,049
| -4% | -$5.09M |
|
136
Ameren
AEE
$29.4B
| $123M | 0.13% |
2,288,660
-53,212
| -2% | -$2.62M |
|
|
QTS
137
DELISTED
QTS REALTY TRUST, INC.
QTS
| $121M | 0.13% |
2,167,020
-525,943
| -20% | -$27.1M |
|
138
RTX Corp
RTX
$285B
| $121M | 0.13% |
1,869,657
+44,034
| +2% | +$2.82M |
|
139
Align Technology
ALGN
$11.2B
| $120M | 0.13% |
1,494,054
-288,839
| -16% | -$22.1M |
|
140
Eaton
ETN
$156B
| $120M | 0.13% |
2,012,821
-556,385
| -22% | -$34.2M |
|
141
CBRE Group
CBRE
$43.7B
| $120M | 0.13% |
4,527,550
+66,295
| +1% | +$1.94M |
|
142
Cisco
CSCO
$433B
| $119M | 0.13% |
4,159,065
-1,569,327
| -27% | -$44.1M |
|
143
Xcel Energy
XEL
$47.8B
| $119M | 0.13% |
2,661,839
+155,181
| +6% | +$6.42M |
|
|
QLIK
144
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $119M | 0.13% |
4,014,871
-275,993
| -6% | -$8.23M |
|
145
Analog Devices
ADI
$175B
| $118M | 0.13% |
2,086,839
+31,922
| +2% | +$1.83M |
|
|
NFX
146
DELISTED
Newfield Exploration
NFX
| $118M | 0.13% |
2,669,709
-118,848
| -4% | -$4.56M |
|
147
Ametek
AME
$54.2B
| $118M | 0.13% |
2,547,797
+42,481
| +2% | +$2.04M |
|
148
American Water Works
AWK
$27.5B
| $114M | 0.13% |
1,351,746
-212,448
| -14% | -$15.8M |
|
149
White Mountains Insurance
WTM
$5.1B
| $113M | 0.12% |
133,725
-20,718
| -13% | -$16.9M |
|
150
Church & Dwight Co
CHD
$24B
| $111M | 0.12% |
2,151,136
-453,288
| -17% | -$21.9M |
|
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.