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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.24% |
| 2 | Consumer Discretionary | 17.64% |
| 3 | Healthcare | 13.82% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Alliant Energy
LNT
$17.6B
| $88.4M | 0.1% |
2,331,841
-278,218
| -11% | -$10.3M |
|
177
Walmart Inc
WMT
$820B
| $87.8M | 0.1% |
3,811,902
+66,390
| +2% | +$1.55M |
|
178
DexCom
DXCM
$34.3B
| $87.5M | 0.1% |
5,864,188
+1,056,428
| +22% | +$18.7M |
|
179
American Water Works
AWK
$27.5B
| $87M | 0.1% |
1,202,543
-67,176
| -5% | -$4.86M |
|
180
Hyatt Hotels
H
$16.2B
| $86.8M | 0.1% |
1,570,981
-37,247
| -2% | -$1.97M |
|
181
IQVIA
IQV
$43.1B
| $86.6M | 0.1% |
1,138,525
-257,249
| -18% | -$19.7M |
|
|
SBNY
182
DELISTED
Signature Bank
SBNY
| $86.5M | 0.1% |
575,914
-183,036
| -24% | -$25M |
|
|
TGE
183
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $86.4M | 0.1% |
3,223,783
+224,785
| +7% | +$5.53M |
|
|
CAVM
184
DELISTED
Cavium, Inc.
CAVM
| $86M | 0.1% |
1,376,626
-341,952
| -20% | -$19.7M |
|
|
HT
185
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $85.7M | 0.1% |
3,986,514
+29,732
| +0.8% | +$580K |
|
186
Axalta
AXTA
$7.92B
| $85.7M | 0.1% |
3,148,988
-1,261,394
| -29% | -$33.2M |
|
187
Check Point Software Technologies
CHKP
$14.1B
| $84.9M | 0.09% |
1,005,692
-108,681
| -10% | -$8.91M |
|
188
Humana
HUM
$46.3B
| $84.5M | 0.09% |
414,053
+74,594
| +22% | +$14.2M |
|
189
Church & Dwight Co
CHD
$24B
| $83.7M | 0.09% |
1,893,166
-29,709
| -2% | -$1.35M |
|
190
White Mountains Insurance
WTM
$5.1B
| $82.8M | 0.09% |
99,004
-17,354
| -15% | -$14.5M |
|
|
SRCL
191
DELISTED
Stericycle Inc
SRCL
| $82.3M | 0.09% |
1,068,127
-22,083
| -2% | -$1.67M |
|
192
Mercado Libre
MELI
$99.7B
| $82M | 0.09% |
524,852
+99,921
| +24% | +$16.5M |
|
193
Vodafone
VOD
$37.1B
| $81.2M | 0.09% |
3,323,696
-251,029
| -7% | -$6.61M |
|
194
Zurn Elkay Water Solutions
ZWS
$7.97B
| $80.9M | 0.09% |
8,576,110
+178,202
| +2% | +$1.72M |
|
195
Fortis
FTS
$27.9B
| $80.8M | 0.09% |
+2,619,712
| New | +$81.3M |
|
|
WSTC
196
DELISTED
West Corporation
WSTC
| $80M | 0.09% |
3,232,326
+82,411
| +3% | +$1.91M |
|
197
Adecoagro
AGRO
$1.55B
| $79.2M | 0.09% |
7,629,228
+20,378
| +0.3% | +$219K |
|
198
Henry Schein
HSIC
$9.98B
| $78.7M | 0.09% |
1,322,489
-1,406,360
| -52% | -$84.9M |
|
199
Dollar General
DG
$27.1B
| $78.6M | 0.09% |
1,060,975
-166,957
| -14% | -$12.2M |
|
200
Flex
FLEX
$40.8B
| $77.4M | 0.09% |
7,150,810
+52,428
| +0.7% | +$560K |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.79B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.