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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSC
176
DELISTED
Computer Sciences
CSC
| $97.6M | 0.1% |
2,986,164
-2,817,985
| -49% | -$82.4M |
|
177
AMC Global Media
AMCX
$450M
| $96.9M | 0.1% |
1,296,963
+168,605
| +15% | +$12.9M |
|
178
DexCom
DXCM
$29B
| $96M | 0.09% |
4,690,284
+833,836
| +22% | +$17.4M |
|
179
Dominion Energy
D
$62B
| $96M | 0.09% |
1,419,411
+3,300
| +0.2% | +$228K |
|
|
CPGX
180
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $95.6M | 0.09% |
4,782,239
+1,001,214
| +26% | +$19.8M |
|
181
Tapestry
TPR
$30.3B
| $93.8M | 0.09% |
2,866,185
+615,826
| +27% | +$19.2M |
|
182
Jazz Pharmaceuticals
JAZZ
$16.1B
| $93.3M | 0.09% |
663,546
-109,117
| -14% | -$15.1M |
|
183
Patterson-UTI
PTEN
$3.54B
| $93.2M | 0.09% |
6,183,144
+332,021
| +6% | +$5.11M |
|
184
Herc Holdings
HRI
$4.78B
| $92.9M | 0.09% |
2,176,002
+450,741
| +26% | +$22.6M |
|
185
Adecoagro
AGRO
$1.4B
| $92.5M | 0.09% |
7,529,549
-551,803
| -7% | -$5.82M |
|
186
UnitedHealth
UNH
$382B
| $92.4M | 0.09% |
785,534
+385,632
| +96% | +$45.1M |
|
187
Xcel Energy
XEL
$49.2B
| $90M | 0.09% |
2,506,658
| – | – |
|
|
PNK
188
DELISTED
Pinnacle Entertainment Inc.
PNK
| $89.4M | 0.09% |
2,873,558
-14,021
| -0.5% | -$472K |
|
|
CAM
189
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $89.2M | 0.09% |
1,411,753
-708,261
| -33% | -$46.9M |
|
|
AERI
190
DELISTED
Aerie Pharmaceuticals
AERI
| $88.9M | 0.09% |
3,652,010
-112,009
| -3% | -$2.61M |
|
191
Chubb
CB
$140B
| $88.8M | 0.09% |
760,268
+83,069
| +12% | +$9.4M |
|
|
MINI
192
DELISTED
Mobile Mini Inc
MINI
| $88.4M | 0.09% |
2,840,130
+17,309
| +0.6% | +$583K |
|
193
Xerox
XRX
$345M
| $88.2M | 0.09% |
3,148,311
-106,240
| -3% | -$2.85M |
|
194
United Parks & Resorts
PRKS
$2.19B
| $88.2M | 0.09% |
4,477,673
+2,973,953
| +198% | +$55.2M |
|
195
Marathon Petroleum
MPC
$90.1B
| $88M | 0.09% |
1,698,107
-306,575
| -15% | -$16M |
|
196
United Airlines
UAL
$38.8B
| $87.7M | 0.09% |
1,531,025
+181,967
| +13% | +$10.5M |
|
|
ARG
197
DELISTED
Airgas Inc
ARG
| $87.5M | 0.09% |
632,375
-198,778
| -24% | -$22.9M |
|
|
HT
198
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $86.8M | 0.09% |
3,988,433
-16,759
| -0.4% | -$397K |
|
|
AMSG
199
DELISTED
Amsurg Corp
AMSG
| $86.5M | 0.08% |
1,137,541
-184,423
| -14% | -$14.6M |
|
|
AET
200
DELISTED
Aetna Inc
AET
| $86.2M | 0.08% |
796,841
-218,035
| -21% | -$23.6M |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.