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 | |
|---|---|---|---|---|---|---|
126
CSX Corp
CSX
$95B
| $120M | 0.13% |
7,753,059
+7,707,150
| +16,788% | +$117M |
|
127
Bank OZK
OZK
$5.39B
| $120M | 0.13% |
2,309,860
+335,429
| +17% | +$18M |
|
128
CDW
CDW
$18.5B
| $120M | 0.13% |
2,072,410
-18,951
| -0.9% | -$1.07M |
|
129
Snap
SNAP
$9.18B
| $119M | 0.13% |
+5,289,727
| New | +$117M |
|
|
SRCL
130
DELISTED
Stericycle Inc
SRCL
| $117M | 0.13% |
1,417,498
+349,371
| +33% | +$28.1M |
|
131
Ameren
AEE
$29.4B
| $117M | 0.13% |
2,149,430
-3,925
| -0.2% | -$210K |
|
|
SEMG
132
DELISTED
SEMGROUP CORPORATION
SEMG
| $115M | 0.12% |
3,204,204
-93,308
| -3% | -$3.55M |
|
133
GE Aerospace
GE
$355B
| $114M | 0.12% |
797,249
-917,492
| -54% | -$133M |
|
134
Procter & Gamble
PG
$334B
| $113M | 0.12% |
1,257,523
-251,106
| -17% | -$22.3M |
|
135
Mercado Libre
MELI
$99.7B
| $113M | 0.12% |
533,826
+8,974
| +2% | +$1.76M |
|
136
Hilton Worldwide
HLT
$72.4B
| $112M | 0.12% |
1,922,918
+1,258,733
| +190% | +$73.1M |
|
|
WPX
137
DELISTED
WPX Energy, Inc.
WPX
| $112M | 0.12% |
8,383,200
+2,255,271
| +37% | +$30.1M |
|
138
Zoetis
ZTS
$32B
| $110M | 0.12% |
2,069,363
+116,644
| +6% | +$6.3M |
|
139
ServiceNow
NOW
$150B
| $110M | 0.12% |
6,289,980
+166,500
| +3% | +$2.9M |
|
140
Portland General Electric
POR
$5.83B
| $109M | 0.12% |
2,457,564
-1,269,863
| -34% | -$55.9M |
|
141
Kinder Morgan
KMI
$70.3B
| $109M | 0.12% |
4,994,320
+45,990
| +0.9% | +$1.01M |
|
142
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $108M | 0.12% |
1,626,867
-113,246
| -7% | -$7.64M |
|
143
MACOM Technology Solutions
MTSI
$20.3B
| $108M | 0.12% |
2,227,382
+24,414
| +1% | +$1.14M |
|
144
Citigroup
C
$223B
| $107M | 0.12% |
1,795,569
-1,066,118
| -37% | -$63.1M |
|
|
AY
145
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $107M | 0.11% |
5,086,792
-2,510,815
| -33% | -$52.9M |
|
146
PTC
PTC
$17.1B
| $106M | 0.11% |
2,016,303
-641,395
| -24% | -$33.9M |
|
147
Aptiv
APTV
$9.5B
| $104M | 0.11% |
1,294,615
-26,148
| -2% | -$1.96M |
|
148
Xcel Energy
XEL
$47.8B
| $103M | 0.11% |
2,326,149
-411,213
| -15% | -$17.4M |
|
149
eBay
EBAY
$47B
| $103M | 0.11% |
3,065,900
-36,618
| -1% | -$1.19M |
|
|
ETP
150
DELISTED
Energy Transfer Partners L.p.
ETP
| $102M | 0.11% |
2,806,594
+22,462
| +0.8% | +$835K |
|
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.