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 | |
|---|---|---|---|---|---|---|
|
VR
201
DELISTED
Validus Hold Ltd
VR
| $77.2M | 0.09% |
1,403,736
+22,777
| +2% | +$1.2M |
|
202
Zimmer Biomet
ZBH
$19.2B
| $77M | 0.09% |
768,430
-19,205
| -2% | -$2.06M |
|
203
Intercontinental Exchange
ICE
$91.1B
| $76.9M | 0.09% |
1,363,296
-90,389
| -6% | -$5.01M |
|
|
MJN
204
DELISTED
Mead Johnson Nutrition Company
MJN
| $76.9M | 0.09% |
1,086,237
-40,414
| -4% | -$3.01M |
|
205
Kraft Heinz
KHC
$30.5B
| $76.7M | 0.09% |
877,897
-527,876
| -38% | -$45.2M |
|
206
Atmos Energy
ATO
$28.2B
| $76.6M | 0.09% |
1,033,153
+45,713
| +5% | +$3.3M |
|
207
AMC Global Media
AMCX
$522M
| $76.5M | 0.09% |
1,461,956
-30,588
| -2% | -$1.59M |
|
|
QTS
208
DELISTED
QTS REALTY TRUST, INC.
QTS
| $76.1M | 0.09% |
1,532,805
-16,652
| -1% | -$804K |
|
209
Broadcom
AVGO
$1.75T
| $74.8M | 0.08% |
4,234,080
+1,197,990
| +39% | +$20.8M |
|
|
DERM
210
DELISTED
Dermira, Inc.
DERM
| $74.6M | 0.08% |
2,458,261
+18,505
| +0.8% | +$596K |
|
|
TFCFA
211
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $74.3M | 0.08% |
2,649,388
-88,688
| -3% | -$2.39M |
|
212
Edwards Lifesciences
EW
$52B
| $74.3M | 0.08% |
+2,377,596
| New | +$77M |
|
|
EE
213
DELISTED
El Paso Electric Company
EE
| $74.1M | 0.08% |
1,593,920
+242,539
| +18% | +$11M |
|
214
Columbia Banking Systems
COLB
$8.51B
| $73.9M | 0.08% |
1,654,335
-724,605
| -30% | -$27.3M |
|
215
Fidelity National Information Services
FIS
$21.4B
| $72.5M | 0.08% |
958,427
+109,344
| +13% | +$8.34M |
|
216
Cooper Companies
COO
$13.9B
| $71.8M | 0.08% |
1,642,420
+158,160
| +11% | +$6.91M |
|
217
Cogent Communications
CCOI
$486M
| $71.5M | 0.08% |
1,729,147
-160,879
| -9% | -$6.14M |
|
218
JB Hunt Transport Services
JBHT
$24.5B
| $70.6M | 0.08% |
726,942
-13,971
| -2% | -$1.24M |
|
219
Allegion
ALLE
$13.4B
| $70.3M | 0.08% |
1,099,076
+230,202
| +26% | +$15.2M |
|
220
Avient
AVNT
$4.1B
| $69.5M | 0.08% |
2,168,302
+14,395
| +0.7% | +$462K |
|
|
KATE
221
DELISTED
Kate Spade & Company
KATE
| $68.4M | 0.08% |
3,665,844
-247,468
| -6% | -$4.05M |
|
222
Voya Financial
VOYA
$9.29B
| $68.3M | 0.08% |
1,742,015
-816,976
| -32% | -$28.8M |
|
223
Carlisle Companies
CSL
$14.2B
| $66.7M | 0.07% |
605,076
-33,890
| -5% | -$3.7M |
|
|
XEC
224
DELISTED
CIMAREX ENERGY CO
XEC
| $66.1M | 0.07% |
486,589
-17,779
| -4% | -$2.38M |
|
225
Enbridge
ENB
$110B
| $66M | 0.07% |
1,569,794
+20,199
| +1% | +$862K |
|
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.