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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.24% |
| 2 | Consumer Discretionary | 17.64% |
| 3 | Healthcare | 13.82% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $121M | 0.13% |
1,740,113
+198,385
| +13% | +$12M |
|
127
TransDigm Group
TDG
$65.6B
| $120M | 0.13% |
483,714
+60,707
| +14% | +$15.9M |
|
128
DuPont de Nemours
DD
$18.5B
| $116M | 0.13% |
797,708
+123,967
| +18% | +$17.3M |
|
129
Ross Stores
ROST
$73.3B
| $115M | 0.13% |
1,757,966
-238,394
| -12% | -$15.6M |
|
|
CSC
130
DELISTED
Computer Sciences
CSC
| $114M | 0.13% |
1,910,307
+124,185
| +7% | +$7.18M |
|
131
Ameren
AEE
$29.4B
| $113M | 0.13% |
2,153,355
-87,985
| -4% | -$4.36M |
|
132
Edison International
EIX
$27B
| $113M | 0.13% |
1,566,528
-73,029
| -4% | -$5.15M |
|
133
Eaton
ETN
$156B
| $112M | 0.12% |
1,665,285
-295,462
| -15% | -$19.4M |
|
134
CMS Energy
CMS
$21.4B
| $111M | 0.12% |
2,678,062
-82,300
| -3% | -$3.36M |
|
135
Xcel Energy
XEL
$47.8B
| $111M | 0.12% |
2,737,362
+180,246
| +7% | +$7.21M |
|
136
TC Energy
TRP
$64.4B
| $111M | 0.12% |
2,464,236
-708,716
| -22% | -$32.2M |
|
|
SUM
137
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $110M | 0.12% |
4,777,876
+541,809
| +13% | +$11.4M |
|
138
Hilton Worldwide
HLT
$72.4B
| $109M | 0.12% |
664,185
-1,344,618
| -67% | -$98.9M |
|
139
CDW
CDW
$18.5B
| $109M | 0.12% |
2,091,361
-159,321
| -7% | -$7.77M |
|
140
Cinemark Holdings
CNK
$4.17B
| $109M | 0.12% |
2,832,988
+1,148,206
| +68% | +$45.7M |
|
141
Equinix
EQIX
$103B
| $106M | 0.12% |
297,025
+21,771
| +8% | +$7.61M |
|
142
Williams Companies
WMB
$90.2B
| $106M | 0.12% |
3,388,070
+926,204
| +38% | +$27.9M |
|
143
Chubb
CB
$131B
| $105M | 0.12% |
797,243
+29,648
| +4% | +$3.78M |
|
144
Cisco
CSCO
$433B
| $105M | 0.12% |
3,476,181
-897,873
| -21% | -$27.4M |
|
145
Zoetis
ZTS
$32B
| $105M | 0.12% |
1,952,719
-15,060
| -0.8% | -$766K |
|
146
Bank OZK
OZK
$5.39B
| $104M | 0.12% |
1,974,431
-177,467
| -8% | -$7.9M |
|
147
Patterson-UTI
PTEN
$4.74B
| $103M | 0.11% |
3,822,359
-611,706
| -14% | -$15.1M |
|
148
AutoZone
AZO
$48.4B
| $103M | 0.11% |
129,808
+17,490
| +16% | +$13.5M |
|
149
Kinder Morgan
KMI
$70.3B
| $102M | 0.11% |
4,948,330
+3,422,285
| +224% | +$72.3M |
|
150
Paycom
PAYC
$10.8B
| $102M | 0.11% |
2,249,112
+663,767
| +42% | +$30.8M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.79B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.