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 | |
|---|---|---|---|---|---|---|
151
Ross Stores
ROST
$73.3B
| $102M | 0.11% |
1,553,712
-204,254
| -12% | -$13.7M |
|
152
CMS Energy
CMS
$21.4B
| $102M | 0.11% |
2,270,946
-407,116
| -15% | -$17.6M |
|
|
TFCFA
153
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $101M | 0.11% |
3,130,885
+481,497
| +18% | +$14.7M |
|
154
McDonald's
MCD
$188B
| $101M | 0.11% |
782,052
-551,831
| -41% | -$69.2M |
|
|
SUM
155
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $100M | 0.11% |
4,172,881
-604,995
| -13% | -$14.2M |
|
156
Axalta
AXTA
$7.92B
| $99.7M | 0.11% |
3,096,018
-52,970
| -2% | -$1.57M |
|
157
Check Point Software Technologies
CHKP
$14.1B
| $99.1M | 0.11% |
965,629
-40,063
| -4% | -$3.93M |
|
158
Ryder
R
$9.43B
| $98.5M | 0.11% |
1,306,111
+65,223
| +5% | +$4.94M |
|
159
Toll Brothers
TOL
$13.5B
| $97.9M | 0.11% |
2,711,505
+1,283,051
| +90% | +$42.8M |
|
160
Incyte
INCY
$25.2B
| $97.7M | 0.1% |
730,559
-205,653
| -22% | -$26.2M |
|
161
Zimmer Biomet
ZBH
$19.2B
| $96.7M | 0.1% |
815,654
+47,224
| +6% | +$5.35M |
|
162
Allegion
ALLE
$13.4B
| $96.6M | 0.1% |
1,276,621
+177,545
| +16% | +$12.5M |
|
163
Aramark
ARMK
$15.3B
| $96.4M | 0.1% |
3,622,667
+23,326
| +0.6% | +$594K |
|
164
SLB Ltd
SLB
$85.1B
| $96M | 0.1% |
1,229,221
-1,469,529
| -54% | -$120M |
|
165
Norwegian Cruise Line
NCLH
$7.65B
| $95.8M | 0.1% |
1,888,008
-483,878
| -20% | -$23.5M |
|
166
Chubb
CB
$131B
| $95.8M | 0.1% |
702,917
-94,326
| -12% | -$12.7M |
|
167
Walmart Inc
WMT
$820B
| $95.7M | 0.1% |
3,981,744
+169,842
| +4% | +$3.91M |
|
168
Eaton
ETN
$156B
| $95.7M | 0.1% |
1,290,030
-375,255
| -23% | -$26.7M |
|
169
AMC Global Media
AMCX
$522M
| $95.2M | 0.1% |
1,621,675
+159,719
| +11% | +$9.16M |
|
170
Fortis
FTS
$27.9B
| $95.1M | 0.1% |
2,872,717
+253,005
| +10% | +$8.08M |
|
|
CAVM
171
DELISTED
Cavium, Inc.
CAVM
| $94.5M | 0.1% |
1,318,260
-58,366
| -4% | -$3.91M |
|
172
Henry Schein
HSIC
$9.98B
| $94.4M | 0.1% |
1,416,882
+94,393
| +7% | +$6.13M |
|
173
American Water Works
AWK
$27.5B
| $93.3M | 0.1% |
1,199,244
-3,299
| -0.3% | -$245K |
|
174
TC Energy
TRP
$64.4B
| $93.2M | 0.1% |
2,022,164
-442,072
| -18% | -$20.6M |
|
175
AutoZone
AZO
$48.4B
| $92.8M | 0.1% |
128,357
-1,451
| -1% | -$1.07M |
|
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.