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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GOLD
201
DELISTED
Randgold Resources Ltd
GOLD
| $80.2M | 0.09% |
715,816
-110,687
| -13% | -$10.3M |
|
202
WEC Energy
WEC
$34.6B
| $79.7M | 0.09% |
1,220,072
+155,231
| +15% | +$9.34M |
|
203
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $79.4M | 0.09% |
1,624,448
+88,699
| +6% | +$4.34M |
|
204
Cinemark Holdings
CNK
$4.17B
| $79.2M | 0.09% |
2,172,356
-25,124
| -1% | -$880K |
|
|
PPL
205
PPL Corp
PPL
$25.7B
| $78.5M | 0.09% |
2,078,872
-486,195
| -19% | -$18.5M |
|
206
Broadcom
AVGO
$1.75T
| $78M | 0.09% |
5,016,320
+1,271,660
| +34% | +$19.4M |
|
207
G-III Apparel Group
GIII
$1.41B
| $77.7M | 0.09% |
1,699,424
+109,524
| +7% | +$4.73M |
|
208
Zurn Elkay Water Solutions
ZWS
$7.97B
| $77.4M | 0.08% |
8,187,453
+158,942
| +2% | +$1.6M |
|
|
LPNT
209
DELISTED
LifePoint Health, Inc.
LPNT
| $77.1M | 0.08% |
1,179,559
-280
| -0% | -$19K |
|
210
Avient
AVNT
$4.1B
| $76.4M | 0.08% |
2,168,293
-41,423
| -2% | -$1.46M |
|
211
MACOM Technology Solutions
MTSI
$20.3B
| $76.3M | 0.08% |
2,312,184
+640,827
| +38% | +$24.3M |
|
212
Curtiss-Wright
CW
$22B
| $75.9M | 0.08% |
900,918
+532
| +0.1% | +$42.8K |
|
|
AMSG
213
DELISTED
Amsurg Corp
AMSG
| $75.8M | 0.08% |
977,392
-128,270
| -12% | -$9.92M |
|
|
XIFR
214
XPLR Infrastructure LP
XIFR
$1.11B
| $75.5M | 0.08% |
2,483,756
+69,116
| +3% | +$1.95M |
|
215
Incyte
INCY
$25.2B
| $75M | 0.08% |
937,462
-1,331
| -0.1% | -$103K |
|
216
Intercontinental Exchange
ICE
$91.1B
| $74.8M | 0.08% |
1,461,335
+890
| +0.1% | +$44.9K |
|
217
Acadia Healthcare
ACHC
$2.66B
| $74.5M | 0.08% |
1,344,983
+96,325
| +8% | +$5.63M |
|
|
MON
218
DELISTED
Monsanto Co
MON
| $74M | 0.08% |
716,034
-4,385,244
| -86% | -$434M |
|
|
FTRPR
219
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $73.9M | 0.08% |
779,752
+633
| +0.1% | +$62.6K |
|
220
Columbia Banking Systems
COLB
$8.51B
| $73.7M | 0.08% |
2,626,773
-13,926
| -0.5% | -$409K |
|
|
DERM
221
DELISTED
Dermira, Inc.
DERM
| $73.5M | 0.08% |
2,514,166
+860,597
| +52% | +$23.7M |
|
222
Cogent Communications
CCOI
$486M
| $72.5M | 0.08% |
1,810,658
+21,347
| +1% | +$838K |
|
|
GRA
223
DELISTED
W.R. Grace & Co.
GRA
| $72.3M | 0.08% |
987,874
+66,291
| +7% | +$5.07M |
|
224
Bankunited
BKU
$3.3B
| $72.3M | 0.08% |
2,354,059
-196
| -0% | -$6.53K |
|
225
Targa Resources
TRGP
$61.7B
| $71.5M | 0.08% |
1,697,198
+1,621,165
| +2,132% | +$63.5M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.