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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.67% |
| 2 | Technology | 18.06% |
| 3 | Healthcare | 16.18% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Walmart Inc
WMT
$904B
| $90M | 0.1% |
+3,745,512
| New | +$90.9M |
|
|
SBNY
177
DELISTED
Signature Bank
SBNY
| $89.9M | 0.1% |
758,950
-37,323
| -5% | -$4.49M |
|
178
Wintrust Financial
WTFC
$11B
| $89.8M | 0.1% |
1,616,544
-86,177
| -5% | -$4.64M |
|
|
MJN
179
DELISTED
Mead Johnson Nutrition Company
MJN
| $89M | 0.1% |
1,126,651
+180,552
| +19% | +$15.4M |
|
180
DuPont de Nemours
DD
$18.4B
| $88.4M | 0.1% |
673,741
-49,992
| -7% | -$6.67M |
|
181
Norwegian Cruise Line
NCLH
$8.87B
| $88.1M | 0.1% |
2,338,110
-15,789
| -0.7% | -$612K |
|
182
Incyte
INCY
$23.2B
| $87.9M | 0.09% |
932,316
-5,146
| -0.5% | -$434K |
|
|
PDCE
183
DELISTED
PDC Energy, Inc.
PDCE
| $87.6M | 0.09% |
1,306,368
-459,372
| -26% | -$27.8M |
|
|
SRCL
184
DELISTED
Stericycle Inc
SRCL
| $87.4M | 0.09% |
1,090,210
-526,660
| -33% | -$47.6M |
|
185
Adecoagro
AGRO
$1.47B
| $86.8M | 0.09% |
7,608,850
-317,284
| -4% | -$3.35M |
|
|
EVHC
186
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $86.8M | 0.09% |
1,301,423
-518,887
| -29% | -$35.7M |
|
187
Zurn Elkay Water Solutions
ZWS
$7.98B
| $86.6M | 0.09% |
8,397,908
+210,455
| +3% | +$2.13M |
|
188
Check Point Software Technologies
CHKP
$14.1B
| $86.5M | 0.09% |
1,114,373
-10,512
| -0.9% | -$815K |
|
189
AutoZone
AZO
$49.1B
| $86.3M | 0.09% |
112,318
-1,060
| -0.9% | -$825K |
|
190
Dollar General
DG
$27.7B
| $85.9M | 0.09% |
1,227,932
-239,477
| -16% | -$20.3M |
|
191
Sarepta Therapeutics
SRPT
$1.81B
| $85.6M | 0.09% |
1,393,788
+348,130
| +33% | +$10.5M |
|
|
AET
192
DELISTED
Aetna Inc
AET
| $85.1M | 0.09% |
737,394
-73,263
| -9% | -$8.59M |
|
193
Performance Food Group
PFGC
$17.3B
| $84.4M | 0.09% |
3,404,768
-174,285
| -5% | -$4.55M |
|
|
ETP
194
DELISTED
Energy Transfer Partners L.p.
ETP
| $84.1M | 0.09% |
2,274,147
+59,547
| +3% | +$2.34M |
|
195
Pinnacle Financial Partners Inc
PNFP
$15.1B
| $83.4M | 0.09% |
1,541,728
-82,720
| -5% | -$4.46M |
|
196
Capital One
COF
$128B
| $83.1M | 0.09% |
1,156,757
+59,904
| +5% | +$4.11M |
|
197
Bank OZK
OZK
$5.61B
| $82.6M | 0.09% |
2,151,898
-117,200
| -5% | -$4.44M |
|
|
DERM
198
DELISTED
Dermira, Inc.
DERM
| $82.5M | 0.09% |
2,439,756
-74,410
| -3% | -$2.4M |
|
|
AMTD
199
DELISTED
TD Ameritrade Holding Corp
AMTD
| $82.1M | 0.09% |
2,330,774
-818,337
| -26% | -$25.5M |
|
|
QTS
200
DELISTED
QTS REALTY TRUST, INC.
QTS
| $81.9M | 0.09% |
1,549,457
-617,563
| -28% | -$33.8M |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.95B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.