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 | |
|---|---|---|---|---|---|---|
201
Phillips 66
PSX
$82.9B
| $85.7M | 0.08% |
1,048,104
-163,299
| -13% | -$14.1M |
|
202
American Water Works
AWK
$27B
| $85.5M | 0.08% |
1,431,551
-1,459
| -0.1% | -$84.1K |
|
203
Columbia Banking Systems
COLB
$8.71B
| $85.3M | 0.08% |
2,624,890
+17,835
| +0.7% | +$596K |
|
204
Cooper Companies
COO
$14.2B
| $85.2M | 0.08% |
2,540,500
-471,816
| -16% | -$16.9M |
|
205
Quanta Services
PWR
$84.2B
| $85.1M | 0.08% |
4,204,217
-483,031
| -10% | -$10.4M |
|
206
Ultragenyx Pharmaceutical
RARE
$2.46B
| $84.7M | 0.08% |
755,388
+9,724
| +1% | +$972K |
|
207
Wintrust Financial
WTFC
$10.7B
| $84.5M | 0.08% |
1,740,840
+239,721
| +16% | +$12.2M |
|
|
GRA
208
DELISTED
W.R. Grace & Co.
GRA
| $83.3M | 0.08% |
836,854
+602,337
| +257% | +$59M |
|
209
Designer Brands
DBI
$315M
| $83.1M | 0.08% |
3,484,614
-48,246
| -1% | -$1.16M |
|
|
WR
210
DELISTED
Westar Energy Inc
WR
| $82.5M | 0.08% |
1,944,230
-77,885
| -4% | -$3.18M |
|
211
Hyatt Hotels
H
$17.5B
| $82.1M | 0.08% |
1,745,132
-99,567
| -5% | -$4.95M |
|
|
MJN
212
DELISTED
Mead Johnson Nutrition Company
MJN
| $82M | 0.08% |
1,038,955
-39
| -0% | -$3.07K |
|
|
LPNT
213
DELISTED
LifePoint Health, Inc.
LPNT
| $81.9M | 0.08% |
1,116,054
+27,657
| +3% | +$1.97M |
|
214
TransDigm Group
TDG
$70.7B
| $80.5M | 0.08% |
352,320
-38,537
| -10% | -$8.67M |
|
215
Chevron
CVX
$382B
| $80.2M | 0.08% |
891,431
+236,572
| +36% | +$21.3M |
|
216
Acadia Healthcare
ACHC
$2.52B
| $80M | 0.08% |
1,280,675
+366,545
| +40% | +$23.9M |
|
217
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $77.5M | 0.08% |
1,507,975
+123,944
| +9% | +$6.57M |
|
|
MFRM
218
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $77.1M | 0.08% |
1,726,858
-19,031
| -1% | -$863K |
|
|
CLNY
219
DELISTED
Colony Capital, Inc.
CLNY
| $75.9M | 0.07% |
3,894,334
+208,079
| +6% | +$4.24M |
|
|
CAVM
220
DELISTED
Cavium, Inc.
CAVM
| $75.6M | 0.07% |
1,150,992
-350,669
| -23% | -$23.7M |
|
|
VIAB
221
DELISTED
Viacom Inc. Class B
VIAB
| $75.5M | 0.07% |
1,833,961
+317,189
| +21% | +$14.9M |
|
|
KATE
222
DELISTED
Kate Spade & Company
KATE
| $75.2M | 0.07% |
4,229,168
+579,608
| +16% | +$11.3M |
|
|
OTIC
223
DELISTED
Otonomy, Inc.
OTIC
| $74.4M | 0.07% |
2,681,091
+197,174
| +8% | +$4.91M |
|
|
MRO
224
DELISTED
Marathon Oil Corporation
MRO
| $73.8M | 0.07% |
5,865,275
-683,528
| -10% | -$11.5M |
|
|
AIRM
225
DELISTED
Air Methods Corp
AIRM
| $73.6M | 0.07% |
1,755,893
-11,725
| -0.7% | -$476K |
|
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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.