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 | |
|---|---|---|---|---|---|---|
151
Wintrust Financial
WTFC
$10.3B
| $102M | 0.11% |
1,406,697
-209,847
| -13% | -$13M |
|
152
MACOM Technology Solutions
MTSI
$20.3B
| $102M | 0.11% |
2,202,968
+1,184
| +0.1% | +$51.7K |
|
153
Copart
CPRT
$30.5B
| $101M | 0.11% |
14,613,792
-4,534,648
| -24% | -$30.8M |
|
154
Norwegian Cruise Line
NCLH
$7.65B
| $101M | 0.11% |
2,371,886
+33,776
| +1% | +$1.35M |
|
155
Signet Jewelers
SIG
$3.21B
| $101M | 0.11% |
1,068,339
-147,115
| -12% | -$12.9M |
|
|
ETP
156
DELISTED
Energy Transfer Partners L.p.
ETP
| $99.7M | 0.11% |
2,784,132
+509,985
| +22% | +$18.2M |
|
|
AMTD
157
DELISTED
TD Ameritrade Holding Corp
AMTD
| $99.6M | 0.11% |
2,284,446
-46,328
| -2% | -$1.8M |
|
158
Quanta Services
PWR
$90.6B
| $97.1M | 0.11% |
2,785,493
-549,319
| -16% | -$17.3M |
|
159
Vertex Pharmaceuticals
VRTX
$137B
| $96M | 0.11% |
1,303,010
-3,877,751
| -75% | -$316M |
|
160
NiSource
NI
$19.5B
| $94.2M | 0.11% |
4,252,642
-189,548
| -4% | -$4.22M |
|
161
Incyte
INCY
$25.2B
| $93.9M | 0.1% |
936,212
+3,896
| +0.4% | +$380K |
|
162
Plains All American Pipeline
PAA
$18B
| $93.7M | 0.1% |
2,903,162
+736,793
| +34% | +$23.3M |
|
163
Aramark
ARMK
$15.3B
| $92.8M | 0.1% |
3,599,341
+38,181
| +1% | +$998K |
|
|
AET
164
DELISTED
Aetna Inc
AET
| $92.5M | 0.1% |
746,201
+8,807
| +1% | +$1.05M |
|
165
Ryder
R
$9.43B
| $92.4M | 0.1% |
1,240,888
-253,311
| -17% | -$18.7M |
|
|
MINI
166
DELISTED
Mobile Mini Inc
MINI
| $92.1M | 0.1% |
3,045,891
-298,831
| -9% | -$8.77M |
|
167
eBay
EBAY
$47B
| $92.1M | 0.1% |
3,102,518
+339,694
| +12% | +$10M |
|
168
Capital One
COF
$132B
| $91.8M | 0.1% |
1,052,430
-104,327
| -9% | -$8.41M |
|
|
CLNY
169
DELISTED
Colony Capital, Inc.
CLNY
| $91.7M | 0.1% |
4,527,696
+598,305
| +15% | +$11.7M |
|
170
Performance Food Group
PFGC
$15.8B
| $91.2M | 0.1% |
3,801,082
+396,314
| +12% | +$9.41M |
|
171
ServiceNow
NOW
$150B
| $91M | 0.1% |
6,123,480
-1,534,580
| -20% | -$24.8M |
|
|
WPX
172
DELISTED
WPX Energy, Inc.
WPX
| $89.3M | 0.1% |
6,127,929
+1,184,282
| +24% | +$15.7M |
|
173
Aptiv
APTV
$9.5B
| $89M | 0.1% |
1,320,763
-256,552
| -16% | -$17.2M |
|
174
Wells Fargo
WFC
$262B
| $88.9M | 0.1% |
1,613,622
-888,147
| -36% | -$44.7M |
|
|
HES
175
DELISTED
Hess
HES
| $88.5M | 0.1% |
1,420,719
-67,941
| -5% | -$3.71M |
|
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.