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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Dick's Sporting Goods
DKS
$12.1B
| $91M | 0.1% |
1,705,271
-18,726
| -1% | -$944K |
|
|
PETM
202
DELISTED
PETSMART INC
PETM
| $90.9M | 0.1% |
1,192,444
+76,377
| +7% | +$5.52M |
|
203
Capital One
COF
$132B
| $90.6M | 0.1% |
1,318,367
-23,242
| -2% | -$1.56M |
|
204
Cogent Communications
CCOI
$486M
| $90.4M | 0.09% |
2,804,384
-97,819
| -3% | -$3M |
|
205
Iron Mountain
IRM
$35B
| $89.6M | 0.09% |
3,586,094
-2,001,825
| -36% | -$50.8M |
|
206
SPX Corp
SPXC
$9.95B
| $88.8M | 0.09% |
4,166,461
+405,551
| +11% | +$7.88M |
|
207
CenterPoint Energy
CNP
$25.8B
| $88.7M | 0.09% |
3,701,590
+2,913
| +0.1% | +$69.4K |
|
208
FedEx
FDX
$78.3B
| $88.7M | 0.09% |
777,323
-669,406
| -46% | -$72.2M |
|
209
Oneok
OKE
$59.7B
| $87.2M | 0.09% |
1,868,274
+353,451
| +23% | +$15.3M |
|
|
CEB
210
DELISTED
CEB Inc.
CEB
| $85.1M | 0.09% |
1,171,877
-38,915
| -3% | -$2.64M |
|
|
VTLE
211
DELISTED
Vital Energy
VTLE
| $84.7M | 0.09% |
142,661
-3,991
| -3% | -$1.95M |
|
212
BHP
BHP
$242B
| $83.5M | 0.09% |
1,484,581
-52,277
| -3% | -$2.84M |
|
213
Dominion Energy
D
$57.7B
| $83.5M | 0.09% |
1,335,763
+154,472
| +13% | +$9.16M |
|
214
Prosperity Bancshares
PB
$8.69B
| $83.2M | 0.09% |
1,346,044
-65,932
| -5% | -$3.91M |
|
|
RDC
215
DELISTED
Rowan Companies Plc
RDC
| $82.6M | 0.09% |
2,249,736
+15,145
| +0.7% | +$544K |
|
216
Walmart Inc
WMT
$820B
| $82.5M | 0.09% |
3,346,797
+8,397
| +0.3% | +$212K |
|
217
Cigna
CI
$73.7B
| $81.9M | 0.09% |
1,065,826
-4,425
| -0.4% | -$346K |
|
|
GG
218
DELISTED
Goldcorp Inc
GG
| $80.3M | 0.08% |
3,087,288
-37,143
| -1% | -$1.03M |
|
219
NiSource
NI
$19.5B
| $79.9M | 0.08% |
6,578,866
+5,365
| +0.1% | +$63.5K |
|
|
CA
220
DELISTED
CA, Inc.
CA
| $79.6M | 0.08% |
2,684,208
-399,546
| -13% | -$12M |
|
221
Molina Healthcare
MOH
$10.4B
| $79.1M | 0.08% |
2,223,189
+298,173
| +15% | +$11M |
|
222
Wendy's
WEN
$1.58B
| $78.9M | 0.08% |
9,301,828
-194,589
| -2% | -$1.46M |
|
223
Sanofi
SNY
$107B
| $78.4M | 0.08% |
1,549,357
-4,671
| -0.3% | -$238K |
|
224
Eldorado Gold
EGO
$11.9B
| $78.1M | 0.08% |
2,320,280
+132,105
| +6% | +$5.02M |
|
225
NCR Voyix
VYX
$1.21B
| $77.5M | 0.08% |
+3,190,425
| New | +$71.3M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.