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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Monster Beverage
MNST
$91.8B
| $104M | 0.11% |
23,793,780
-12,675,024
| -35% | -$62.5M |
|
177
Cheesecake Factory
CAKE
$5.58B
| $102M | 0.11% |
2,328,976
-276,998
| -11% | -$11.9M |
|
|
CAVM
178
DELISTED
Cavium, Inc.
CAVM
| $102M | 0.11% |
2,478,219
-62,896
| -2% | -$2.37M |
|
|
KSU
179
DELISTED
Kansas City Southern
KSU
| $102M | 0.11% |
933,399
-2,793,812
| -75% | -$307M |
|
|
NFX
180
DELISTED
Newfield Exploration
NFX
| $102M | 0.11% |
3,716,071
-91,421
| -2% | -$2.29M |
|
181
Kinross Gold
KGC
$37.1B
| $102M | 0.11% |
20,114,887
-124,975
| -0.6% | -$661K |
|
182
NextEra Energy
NEE
$171B
| $100M | 0.11% |
4,999,076
+3,448
| +0.1% | +$71.2K |
|
183
OGE Energy
OGE
$9.45B
| $100M | 0.1% |
2,773,570
| – | – |
|
184
East-West Bancorp
EWBC
$17.7B
| $100M | 0.1% |
3,130,676
+912,183
| +41% | +$27.6M |
|
185
Urban Outfitters
URBN
$6.95B
| $99.7M | 0.1% |
2,712,382
+667,658
| +33% | +$27.4M |
|
186
Range Resources
RRC
$9.69B
| $99.7M | 0.1% |
1,314,060
+17,999
| +1% | +$1.41M |
|
|
XEC
187
DELISTED
CIMAREX ENERGY CO
XEC
| $98.4M | 0.1% |
1,020,838
-41,968
| -4% | -$3.4M |
|
|
DRC
188
DELISTED
DRESSER-RAND GROUP INC
DRC
| $97.2M | 0.1% |
1,557,402
-890,361
| -36% | -$55.6M |
|
|
SPN
189
DELISTED
Superior Energy Services, Inc.
SPN
| $96.8M | 0.1% |
386,538
-5,083
| -1% | -$1.32M |
|
190
Sempra
SRE
$55.1B
| $96.7M | 0.1% |
2,258,394
+1,824
| +0.1% | +$77.5K |
|
191
Constellium
CSTM
$3.66B
| $95.6M | 0.1% |
4,929,964
+411,461
| +9% | +$7.48M |
|
|
WCC
192
WESCO International
WCC
$16.4B
| $95.2M | 0.1% |
1,244,049
+11,705
| +0.9% | +$868K |
|
193
GameStop
GME
$8.02B
| $94.2M | 0.1% |
7,585,824
-3,377,400
| -31% | -$40.4M |
|
194
Tyson Foods
TSN
$19.5B
| $93.9M | 0.1% |
3,318,866
-4,544,936
| -58% | -$132M |
|
|
MDRX
195
DELISTED
Veradigm Inc. Common Stock
MDRX
| $93.5M | 0.1% |
+6,289,555
| New | +$94.8M |
|
|
EA
196
DELISTED
Electronic Arts
EA
| $92.7M | 0.1% |
+3,628,201
| New | +$94.2M |
|
197
Vail Resorts
MTN
$5.06B
| $92.3M | 0.1% |
1,329,865
-62,604
| -4% | -$4.23M |
|
|
TWC
198
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $92.2M | 0.1% |
825,741
+462,371
| +127% | +$52M |
|
|
PNK
199
DELISTED
Pinnacle Entertainment Inc.
PNK
| $92.1M | 0.1% |
3,678,124
-625,363
| -15% | -$14M |
|
200
Viatris
VTRS
$18.8B
| $91.7M | 0.1% |
2,401,370
-25,999
| -1% | -$915K |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.