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 |
TWX
Time Warner Inc
TWX
|
+$567M |
| 2 |
Kroger
KR
|
+$566M |
| 3 |
AGN
Allergan plc
AGN
|
+$491M |
| 4 |
NXP Semiconductors
NXPI
|
+$366M |
| 5 |
Sherwin-Williams
SHW
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$880M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$731M |
| 3 |
CELG
Celgene Corp
CELG
|
+$395M |
| 4 |
AGN
Allergan Inc
AGN
|
+$320M |
| 5 |
TIF
Tiffany & Co.
TIF
|
+$309M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 14.7% |
| 3 | Technology | 12.89% |
| 4 | Communication Services | 12.45% |
| 5 | Financials | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Eaton
ETN
$150B
| $140M | 0.13% |
2,063,386
+199,716
| +11% | +$13.6M |
|
152
CMS Energy
CMS
$23B
| $139M | 0.13% |
3,985,157
-277,270
| -7% | -$9.84M |
|
153
Quanta Services
PWR
$88.3B
| $139M | 0.13% |
4,871,572
+1,074,045
| +28% | +$30.1M |
|
154
NextEra Energy
NEE
$186B
| $139M | 0.13% |
5,329,852
-25,228
| -0.5% | -$665K |
|
155
J.M. Smucker
SJM
$13.2B
| $135M | 0.12% |
+1,165,992
| New | +$128M |
|
|
PDCE
156
DELISTED
PDC Energy, Inc.
PDCE
| $134M | 0.12% |
2,482,182
-415,503
| -14% | -$20.1M |
|
157
Sprouts Farmers Market
SFM
$7.31B
| $134M | 0.12% |
3,804,976
-7,170
| -0.2% | -$254K |
|
158
Wendy's
WEN
$1.46B
| $134M | 0.12% |
12,291,949
-417,830
| -3% | -$4.47M |
|
159
Occidental Petroleum
OXY
$53.6B
| $134M | 0.12% |
1,832,657
-124,624
| -6% | -$9.64M |
|
160
ServiceNow
NOW
$114B
| $133M | 0.12% |
8,418,890
-111,330
| -1% | -$1.64M |
|
|
MINI
161
DELISTED
Mobile Mini Inc
MINI
| $132M | 0.12% |
3,094,191
+424,771
| +16% | +$16.9M |
|
|
ICPT
162
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $131M | 0.12% |
465,462
-2,879
| -0.6% | -$623K |
|
163
Teva Pharmaceuticals
TEVA
$36.9B
| $130M | 0.12% |
2,090,073
+172,793
| +9% | +$10M |
|
164
Flowserve
FLS
$9.38B
| $130M | 0.12% |
2,301,324
-31,560
| -1% | -$1.83M |
|
165
Exelon
EXC
$48.4B
| $130M | 0.12% |
5,413,474
-429,545
| -7% | -$10.6M |
|
166
Citigroup
C
$222B
| $129M | 0.12% |
2,510,741
-3,932
| -0.2% | -$200K |
|
167
Voya Financial
VOYA
$9.07B
| $129M | 0.12% |
2,998,214
+77,546
| +3% | +$3.27M |
|
168
Bunge Global
BG
$22.8B
| $129M | 0.12% |
1,563,407
+9,434
| +0.6% | +$805K |
|
169
White Mountains Insurance
WTM
$5.46B
| $129M | 0.12% |
187,740
-22,427
| -11% | -$14.8M |
|
170
CVS Health
CVS
$140B
| $128M | 0.12% |
1,244,630
+604,364
| +94% | +$61.2M |
|
171
Ametek
AME
$55.3B
| $128M | 0.12% |
2,427,459
+231,847
| +11% | +$11.9M |
|
172
Standard BioTools
LAB
$311M
| $128M | 0.12% |
3,028,942
-56,885
| -2% | -$2.25M |
|
173
Portland General Electric
POR
$5.92B
| $127M | 0.12% |
3,434,046
+256,196
| +8% | +$9.66M |
|
174
Constellation Brands
STZ
$22.5B
| $127M | 0.12% |
1,089,855
-14,334
| -1% | -$1.61M |
|
175
Williams Companies
WMB
$85.8B
| $125M | 0.11% |
2,461,901
-611,571
| -20% | -$28.4M |
|
Similar funds
Jennison Associates's Q1 2015 Portfolio in Review
As of Q1 2015, Jennison Associates held 801 positions worth $109B, up 2.1% from $107B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jennison Associates's Q1 2015 filing shows 86 new, 297 increased, 319 reduced and 92 closed positions. Its largest new stake was NXP Semiconductors: 4,151,977 shares worth $417M. The largest sale was PRECISION CASTPARTS CORP, an estimated $880M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
- Jennison Associates's largest Q1 2015 buy was NXP Semiconductors: 4,151,977 shares worth $417M.
- Jennison Associates added most to Time Warner Inc in Q1 2015, an estimated $567M increase.
- Jennison Associates's biggest Q1 2015 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $731M.
- Jennison Associates fully exited PRECISION CASTPARTS CORP in Q1 2015, selling an estimated $880M.
- Jennison Associates's ten largest holdings make up 21% of its $109B portfolio in Q1 2015.
- Jennison Associates opened 86 new positions and closed 92 in Q1 2015.
- Jennison Associates's portfolio value rose 2.1% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2015, filed 4 May 2015.