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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
F5
FFIV
$22B
| $102M | 0.1% |
879,931
-7,657
| -0.9% | -$938K |
|
177
Sprouts Farmers Market
SFM
$7.44B
| $101M | 0.1% |
4,789,735
+975,468
| +26% | +$22.4M |
|
|
MRO
178
DELISTED
Marathon Oil Corporation
MRO
| $101M | 0.1% |
6,548,803
+96,808
| +2% | +$1.84M |
|
179
Check Point Software Technologies
CHKP
$14.3B
| $100M | 0.1% |
1,266,428
-403,408
| -24% | -$32.2M |
|
180
Dominion Energy
D
$62.1B
| $99.7M | 0.1% |
1,416,111
-225,283
| -14% | -$15.8M |
|
181
Zimmer Biomet
ZBH
$18.8B
| $99.5M | 0.1% |
1,091,056
+602,695
| +123% | +$60.4M |
|
|
POT
182
DELISTED
Potash Corp Of Saskatchewan
POT
| $99M | 0.1% |
4,817,107
-999,282
| -17% | -$26.2M |
|
183
Ameren
AEE
$30.4B
| $99M | 0.1% |
2,341,872
+984,497
| +73% | +$39.7M |
|
184
Labcorp
LH
$25.2B
| $98.7M | 0.1% |
1,059,574
+107,609
| +11% | +$11.1M |
|
185
CVS Health
CVS
$135B
| $98M | 0.1% |
1,015,411
-97,007
| -9% | -$10.2M |
|
|
PNK
186
DELISTED
Pinnacle Entertainment Inc.
PNK
| $97.7M | 0.1% |
2,887,579
-930,458
| -24% | -$35.2M |
|
|
TWTR
187
DELISTED
Twitter, Inc.
TWTR
| $96.1M | 0.1% |
3,567,661
-9,616,290
| -73% | -$288M |
|
|
INVX
188
Innovex International
INVX
$1.8B
| $94.9M | 0.1% |
1,630,310
-193,586
| -11% | -$12.3M |
|
189
Alliant Energy
LNT
$18.6B
| $94.9M | 0.1% |
3,243,406
+284
| +0% | +$8.36K |
|
190
Liberty Global Class C
LBTYK
$3.5B
| $94.3M | 0.1% |
2,649,457
-215,623
| -8% | -$8.71M |
|
191
Phillips 66
PSX
$82.9B
| $93.1M | 0.1% |
1,211,403
-167,899
| -12% | -$13.3M |
|
192
Marathon Petroleum
MPC
$90.1B
| $92.9M | 0.1% |
2,004,682
-665,792
| -25% | -$34.3M |
|
|
CAVM
193
DELISTED
Cavium, Inc.
CAVM
| $92.2M | 0.09% |
1,501,661
-344,620
| -19% | -$23M |
|
|
HT
194
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $90.8M | 0.09% |
4,005,192
+90,589
| +2% | +$2.31M |
|
195
Expeditors International
EXPD
$22.3B
| $90.5M | 0.09% |
1,924,270
+411,005
| +27% | +$19.4M |
|
196
Designer Brands
DBI
$315M
| $89.4M | 0.09% |
3,532,860
-274,286
| -7% | -$8.53M |
|
197
Digital Realty Trust
DLR
$69.6B
| $89.4M | 0.09% |
1,368,675
+164,687
| +14% | +$10.7M |
|
198
Eli Lilly
LLY
$1.08T
| $89.3M | 0.09% |
1,067,520
+14,615
| +1% | +$1.23M |
|
199
Xcel Energy
XEL
$49.2B
| $88.8M | 0.09% |
2,506,658
+695,228
| +38% | +$23.6M |
|
|
MINI
200
DELISTED
Mobile Mini Inc
MINI
| $86.9M | 0.09% |
2,822,821
-209,737
| -7% | -$7.41M |
|
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Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.