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 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$636M |
| 2 |
UnitedHealth
UNH
|
+$635M |
| 3 |
Estee Lauder
EL
|
+$632M |
| 4 |
AbbVie
ABBV
|
+$466M |
| 5 |
PayPal
PYPL
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$559M |
| 2 |
SHPG
Shire pic
SHPG
|
+$464M |
| 3 |
Amazon
AMZN
|
+$458M |
| 4 |
Ulta Beauty
ULTA
|
+$439M |
| 5 |
Alibaba
BABA
|
+$397M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.26% |
| 2 | Healthcare | 15.72% |
| 3 | Consumer Discretionary | 14.97% |
| 4 | Communication Services | 12.99% |
| 5 | Financials | 11.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Allegion
ALLE
$13.4B
| $101M | 0.1% |
1,167,844
-74,585
| -6% | -$6.03M |
|
152
Rio Tinto
RIO
$168B
| $101M | 0.1% |
2,139,716
+563,461
| +36% | +$26.2M |
|
|
XIFR
153
XPLR Infrastructure LP
XIFR
$1.11B
| $100M | 0.1% |
2,493,394
+64,760
| +3% | +$2.58M |
|
|
MINI
154
DELISTED
Mobile Mini Inc
MINI
| $100M | 0.1% |
2,911,771
+282,723
| +11% | +$8.68M |
|
155
Zimmer Biomet
ZBH
$19.2B
| $100M | 0.1% |
881,017
+14,195
| +2% | +$1.64M |
|
156
Check Point Software Technologies
CHKP
$14.1B
| $99.5M | 0.1% |
872,611
-69,312
| -7% | -$7.62M |
|
157
Humana
HUM
$46.3B
| $99.2M | 0.1% |
407,364
-2,677
| -0.7% | -$656K |
|
158
Chubb
CB
$131B
| $99.2M | 0.1% |
696,205
-1,718
| -0.2% | -$249K |
|
159
American Water Works
AWK
$27.5B
| $99M | 0.1% |
1,223,223
+1,288
| +0.1% | +$104K |
|
160
Carnival Corporation Ltd
CCL
$33.9B
| $98.8M | 0.1% |
1,529,803
-573,884
| -27% | -$38.4M |
|
161
Constellation Brands
STZ
$22.3B
| $98.3M | 0.1% |
492,647
-1,311,514
| -73% | -$260M |
|
|
TFCFA
162
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $96.8M | 0.1% |
3,670,506
-76,371
| -2% | -$2.1M |
|
163
Alliant Energy
LNT
$17.6B
| $96.8M | 0.1% |
2,328,163
| – | – |
|
164
Eaton
ETN
$156B
| $96.5M | 0.1% |
1,256,512
-10,166
| -0.8% | -$767K |
|
165
Aramark
ARMK
$15.3B
| $96.5M | 0.1% |
3,290,045
-268,865
| -8% | -$7.8M |
|
166
MACOM Technology Solutions
MTSI
$20.3B
| $95.5M | 0.1% |
2,140,833
+65,664
| +3% | +$3.2M |
|
167
Hyatt Hotels
H
$16.2B
| $95.4M | 0.1% |
1,544,696
-33,329
| -2% | -$1.93M |
|
168
Wintrust Financial
WTFC
$10.3B
| $95M | 0.1% |
1,213,582
+36,660
| +3% | +$2.72M |
|
169
NiSource
NI
$19.5B
| $94.8M | 0.1% |
3,705,641
+4,839
| +0.1% | +$127K |
|
|
AMTD
170
DELISTED
TD Ameritrade Holding Corp
AMTD
| $94.8M | 0.1% |
1,942,356
-314,055
| -14% | -$14.1M |
|
171
Fidelity National Information Services
FIS
$21.4B
| $94.6M | 0.1% |
1,013,283
-83,243
| -8% | -$7.56M |
|
|
APC
172
DELISTED
Anadarko Petroleum
APC
| $92.1M | 0.09% |
1,885,971
+3,372
| +0.2% | +$149K |
|
173
Abbott
ABT
$195B
| $91.6M | 0.09% |
1,717,046
+497,686
| +41% | +$25M |
|
|
AERI
174
DELISTED
Aerie Pharmaceuticals
AERI
| $91.3M | 0.09% |
1,879,613
-5,462
| -0.3% | -$298K |
|
175
Norwegian Cruise Line
NCLH
$7.65B
| $91.3M | 0.09% |
1,690,024
+115,635
| +7% | +$6.47M |
|
Similar funds
Jennison Associates's Q3 2017 Portfolio in Review
As of Q3 2017, Jennison Associates held 727 positions worth $97.6B, up 3.6% from $94.3B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jennison Associates withdrew a net $3.46B in Q3 2017, closing 79 positions and reducing 330 holdings. Its most notable exit was O'Reilly Automotive, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Estee Lauder worth $664M.
- Jennison Associates's largest Q3 2017 buy was Estee Lauder: 6,161,274 shares worth $664M.
- Jennison Associates added most to Alexion Pharmaceuticals in Q3 2017, an estimated $636M increase.
- Jennison Associates's biggest Q3 2017 reduction was Shire pic, cutting an estimated $464M.
- Jennison Associates fully exited O'Reilly Automotive in Q3 2017, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 28% of its $97.6B portfolio in Q3 2017.
- Jennison Associates opened 90 new positions and closed 79 in Q3 2017.
- Jennison Associates's portfolio value rose 3.6% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2017, filed 3 Nov 2017.