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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Alnylam Pharmaceuticals
ALNY
$38.3B
| $119M | 0.12% |
1,482,245
+528,598
| +55% | +$58.7M |
|
152
Capital One
COF
$128B
| $116M | 0.12% |
1,604,253
+537,211
| +50% | +$43.2M |
|
153
Affiliated Managers Group
AMG
$9.51B
| $116M | 0.12% |
677,536
+134,173
| +25% | +$26.4M |
|
154
HP
HPQ
$26B
| $115M | 0.12% |
9,930,467
+47,054
| +0.5% | +$611K |
|
155
Burlington
BURL
$23.4B
| $115M | 0.12% |
2,262,610
+207,982
| +10% | +$11.1M |
|
156
Quanta Services
PWR
$84.2B
| $113M | 0.12% |
4,687,248
-18,009
| -0.4% | -$459K |
|
157
Cooper Companies
COO
$14.2B
| $112M | 0.11% |
3,012,316
+465,260
| +18% | +$19.3M |
|
158
ServiceNow
NOW
$120B
| $112M | 0.11% |
8,056,255
-69,925
| -0.9% | -$1.04M |
|
|
AET
159
DELISTED
Aetna Inc
AET
| $111M | 0.11% |
1,014,876
+343,647
| +51% | +$39.7M |
|
160
DTE Energy
DTE
$29.9B
| $111M | 0.11% |
1,621,377
+342,523
| +27% | +$22.9M |
|
161
Church & Dwight Co
CHD
$23.7B
| $111M | 0.11% |
2,637,864
-23,852
| -0.9% | -$1.02M |
|
162
American Electric Power
AEP
$70.4B
| $110M | 0.11% |
1,939,733
+302,265
| +18% | +$16.8M |
|
163
Analog Devices
ADI
$172B
| $110M | 0.11% |
1,953,061
-72,489
| -4% | -$4.22M |
|
164
Reliance Steel & Aluminium
RS
$20.6B
| $110M | 0.11% |
2,032,135
-462,320
| -19% | -$27.1M |
|
165
East-West Bancorp
EWBC
$17.8B
| $108M | 0.11% |
2,816,044
-391,719
| -12% | -$16.6M |
|
|
CONE
166
DELISTED
CyrusOne Inc Common Stock
CONE
| $108M | 0.11% |
3,303,975
+930,654
| +39% | +$29.6M |
|
167
Teva Pharmaceuticals
TEVA
$40.4B
| $108M | 0.11% |
1,909,460
+162,612
| +9% | +$10.5M |
|
168
CMS Energy
CMS
$23.3B
| $106M | 0.11% |
2,998,720
-786,452
| -21% | -$26.5M |
|
169
Bath & Body Works
BBWI
$3.97B
| $105M | 0.11% |
1,438,538
-13,036
| -0.9% | -$901K |
|
|
AMTD
170
DELISTED
TD Ameritrade Holding Corp
AMTD
| $105M | 0.11% |
3,287,458
+566,792
| +21% | +$19.9M |
|
171
Portland General Electric
POR
$5.82B
| $103M | 0.11% |
2,784,778
-139,712
| -5% | -$4.92M |
|
|
AMSG
172
DELISTED
Amsurg Corp
AMSG
| $103M | 0.11% |
1,321,964
-52,653
| -4% | -$4.06M |
|
173
Jazz Pharmaceuticals
JAZZ
$16.1B
| $103M | 0.11% |
772,663
-3,697
| -0.5% | -$637K |
|
174
Union Pacific
UNP
$174B
| $103M | 0.11% |
1,160,360
+349,458
| +43% | +$31.9M |
|
175
Align Technology
ALGN
$12.9B
| $103M | 0.11% |
1,806,740
-15,448
| -0.8% | -$921K |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.