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 | |
|---|---|---|---|---|---|---|
|
HES
201
DELISTED
Hess
HES
| $79.8M | 0.09% |
1,488,660
-13,658
| -0.9% | -$732K |
|
202
Paycom
PAYC
$6.9B
| $79.5M | 0.09% |
1,585,345
-401,731
| -20% | -$19.6M |
|
203
Hyatt Hotels
H
$18B
| $79.2M | 0.09% |
1,608,228
-132,885
| -8% | -$6.85M |
|
204
Mercado Libre
MELI
$92B
| $78.6M | 0.08% |
424,931
+71,470
| +20% | +$11.8M |
|
205
Intercontinental Exchange
ICE
$79B
| $78.3M | 0.08% |
1,453,685
-7,650
| -0.5% | -$418K |
|
206
Columbia Banking Systems
COLB
$9.62B
| $77.8M | 0.08% |
2,378,940
-247,833
| -9% | -$7.74M |
|
207
AMC Global Media
AMCX
$461M
| $77.4M | 0.08% |
1,492,544
-13,817
| -0.9% | -$757K |
|
|
VIAB
208
DELISTED
Viacom Inc. Class B
VIAB
| $77M | 0.08% |
2,020,879
-169,388
| -8% | -$7.02M |
|
209
Williams Companies
WMB
$89.7B
| $75.7M | 0.08% |
+2,461,866
| New | +$65.3M |
|
|
SUM
210
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $75.3M | 0.08% |
4,236,067
-95,982
| -2% | -$1.86M |
|
211
Digital Realty Trust
DLR
$64.3B
| $75.2M | 0.08% |
774,575
-890,393
| -53% | -$90.6M |
|
212
Voya Financial
VOYA
$9.04B
| $73.8M | 0.08% |
2,558,991
-307,396
| -11% | -$8.4M |
|
213
Fortinet
FTNT
$118B
| $73.6M | 0.08% |
9,968,840
-968,645
| -9% | -$6.77M |
|
214
Atmos Energy
ATO
$29.7B
| $73.5M | 0.08% |
987,440
-95,747
| -9% | -$7.37M |
|
215
Flex
FLEX
$43.7B
| $72.9M | 0.08% |
7,098,382
+110,071
| +2% | +$1.07M |
|
216
Avient
AVNT
$3.39B
| $72.8M | 0.08% |
2,153,907
-14,386
| -0.7% | -$498K |
|
|
TGE
217
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $72.1M | 0.08% |
2,998,998
+915,789
| +44% | +$21.9M |
|
|
CLNY
218
DELISTED
Colony Capital, Inc.
CLNY
| $71.6M | 0.08% |
3,929,391
-198,249
| -5% | -$3.51M |
|
|
HT
219
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $71.3M | 0.08% |
3,956,782
-156,118
| -4% | -$2.94M |
|
220
Curtiss-Wright
CW
$26.1B
| $70.5M | 0.08% |
773,975
-126,943
| -14% | -$11.2M |
|
221
Cogent Communications
CCOI
$549M
| $69.6M | 0.08% |
1,890,026
+79,368
| +4% | +$3.06M |
|
|
WSTC
222
DELISTED
West Corporation
WSTC
| $69.5M | 0.08% |
3,149,915
+311,030
| +11% | +$6.96M |
|
223
WEC Energy
WEC
$36.9B
| $69.3M | 0.07% |
1,157,815
-62,257
| -5% | -$3.89M |
|
224
Charter Communications
CHTR
$16.2B
| $69.2M | 0.07% |
256,143
-731
| -0.3% | -$185K |
|
|
OTIC
225
DELISTED
Otonomy, Inc.
OTIC
| $68.8M | 0.07% |
3,783,714
-92,754
| -2% | -$1.52M |
|
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.