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 |
Perrigo
PRGO
|
+$672M |
| 2 |
Merck
MRK
|
+$608M |
| 3 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$384M |
| 4 |
Las Vegas Sands
LVS
|
+$378M |
| 5 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$303M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$518M |
| 2 |
eBay
EBAY
|
+$474M |
| 3 |
Estee Lauder
EL
|
+$435M |
| 4 |
Goldman Sachs
GS
|
+$323M |
| 5 |
TechnipFMC
FTI
|
+$304M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 20.03% |
| 2 | Consumer Discretionary | 13.85% |
| 3 | Communication Services | 11.23% |
| 4 | Technology | 10.46% |
| 5 | Energy | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EMC
176
DELISTED
EMC CORPORATION
EMC
| $123M | 0.12% |
4,496,425
+3,172,939
| +240% | +$82.5M |
|
177
Ecolab
ECL
$79.6B
| $123M | 0.12% |
1,137,700
-409,511
| -26% | -$42.9M |
|
|
SPN
178
DELISTED
Superior Energy Services, Inc.
SPN
| $123M | 0.12% |
398,774
+2,345
| +0.6% | +$630K |
|
179
VeriSign
VRSN
$25.4B
| $122M | 0.12% |
2,270,509
-1,700,022
| -43% | -$96.2M |
|
180
Bath & Body Works
BBWI
$4.13B
| $122M | 0.12% |
2,663,177
-203,710
| -7% | -$9.21M |
|
|
SAVE
181
DELISTED
Spirit Airlines, Inc.
SAVE
| $119M | 0.11% |
2,005,604
-7,990
| -0.4% | -$419K |
|
182
East-West Bancorp
EWBC
$18B
| $118M | 0.11% |
3,241,207
+149,627
| +5% | +$5.27M |
|
183
PUT
iShares Russell 2000 ETF
IWM
$80.4B
| $116M | 0.11% |
+1,000,000
| New | +$115M |
|
184
Sempra
SRE
$59.2B
| $116M | 0.11% |
2,403,726
+145,170
| +6% | +$6.75M |
|
|
WCC
185
WESCO International
WCC
$16.1B
| $115M | 0.11% |
1,387,447
+151,954
| +12% | +$13M |
|
|
CAVM
186
DELISTED
Cavium, Inc.
CAVM
| $113M | 0.11% |
2,594,777
-313,234
| -11% | -$12.3M |
|
187
F5
FFIV
$22.8B
| $112M | 0.11% |
1,045,895
-352,890
| -25% | -$37.3M |
|
188
NextEra Energy
NEE
$186B
| $111M | 0.11% |
4,635,356
-270,252
| -6% | -$6.12M |
|
|
ITC
189
DELISTED
ITC HOLDINGS CORP
ITC
| $111M | 0.11% |
2,965,144
-695,474
| -19% | -$23.7M |
|
190
Herbalife
HLF
$1.3B
| $110M | 0.11% |
3,857,708
+1,804,538
| +88% | +$59.6M |
|
191
Dick's Sporting Goods
DKS
$18.9B
| $110M | 0.11% |
2,014,568
-4,003
| -0.2% | -$217K |
|
|
GNC
192
DELISTED
GNC Holdings, Inc.
GNC
| $110M | 0.1% |
2,489,589
+439,501
| +21% | +$21.8M |
|
193
SPX Corp
SPXC
$10.2B
| $109M | 0.1% |
4,413,882
-189,381
| -4% | -$4.86M |
|
194
Cinemark Holdings
CNK
$4.09B
| $109M | 0.1% |
3,743,456
-965,771
| -21% | -$29M |
|
|
PPL
195
PPL Corp
PPL
$27.3B
| $108M | 0.1% |
3,485,717
+2,388,549
| +218% | +$69.4M |
|
|
MFRM
196
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $107M | 0.1% |
2,241,936
+73,363
| +3% | +$3.18M |
|
|
EV
197
DELISTED
Eaton Vance Corp.
EV
| $107M | 0.1% |
2,806,819
-1,596,169
| -36% | -$61.5M |
|
|
XEC
198
DELISTED
CIMAREX ENERGY CO
XEC
| $106M | 0.1% |
888,119
-27,795
| -3% | -$2.98M |
|
199
Williams Companies
WMB
$85.8B
| $106M | 0.1% |
2,601,075
-5,233,515
| -67% | -$212M |
|
|
HES
200
DELISTED
Hess
HES
| $104M | 0.1% |
1,255,106
+27,954
| +2% | +$2.22M |
|
Similar funds
Jennison Associates's Q1 2014 Portfolio in Review
As of Q1 2014, Jennison Associates held 826 positions worth $105B, up 2.6% from $102B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Jennison Associates's Q1 2014 filing shows 122 new, 275 increased, 321 reduced and 94 closed positions. Its largest new stake was Perrigo: 4,257,843 shares worth $659M. The largest sale was Ralph Lauren, an estimated $518M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2014 buy was Perrigo: 4,257,843 shares worth $659M.
- Jennison Associates added most to Merck in Q1 2014, an estimated $608M increase.
- Jennison Associates's biggest Q1 2014 reduction was Estee Lauder, cutting an estimated $435M.
- Jennison Associates fully exited Ralph Lauren in Q1 2014, selling an estimated $518M.
- Jennison Associates's ten largest holdings make up 18% of its $105B portfolio in Q1 2014.
- Jennison Associates opened 122 new positions and closed 94 in Q1 2014.
- Jennison Associates's portfolio value rose 2.6% quarter-over-quarter to $105B.
Based on Jennison Associates's 13F filing for Q1 2014, filed 7 May 2014.