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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.31% |
| 2 | Consumer Discretionary | 17.37% |
| 3 | Healthcare | 13.5% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Dominion Energy
D
$62.5B
| $77.8M | 0.08% |
1,003,267
+371,081
| +59% | +$28.1M |
|
202
Wintrust Financial
WTFC
$11.1B
| $77.7M | 0.08% |
1,124,761
-281,936
| -20% | -$20.3M |
|
|
EE
203
DELISTED
El Paso Electric Company
EE
| $77.5M | 0.08% |
1,534,945
-58,975
| -4% | -$2.79M |
|
|
SAGE
204
DELISTED
Sage Therapeutics
SAGE
| $77.1M | 0.08% |
1,084,722
+256,247
| +31% | +$15M |
|
|
DERM
205
DELISTED
Dermira, Inc.
DERM
| $76.9M | 0.08% |
2,255,440
-202,821
| -8% | -$6.54M |
|
|
SEE
206
DELISTED
Sealed Air
SEE
| $76.9M | 0.08% |
1,763,502
+318,394
| +22% | +$15M |
|
|
VR
207
DELISTED
Validus Hold Ltd
VR
| $76.1M | 0.08% |
1,349,543
-54,193
| -4% | -$3.09M |
|
208
IPG Photonics
IPGP
$4.43B
| $75.7M | 0.08% |
627,541
+98,509
| +19% | +$11.1M |
|
209
DigitalBridge
DBRG
$2.92B
| $74.7M | 0.08% |
+1,446,622
| New | +$81.3M |
|
|
WSTC
210
DELISTED
West Corporation
WSTC
| $74.7M | 0.08% |
3,058,776
-173,550
| -5% | -$4.25M |
|
211
Performance Food Group
PFGC
$17.6B
| $71.7M | 0.08% |
3,014,583
-786,499
| -21% | -$18.2M |
|
212
Vulcan Materials
VMC
$37.4B
| $71.6M | 0.08% |
594,049
+204,531
| +53% | +$25M |
|
|
HT
213
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $71.4M | 0.08% |
3,802,266
-184,248
| -5% | -$3.69M |
|
214
Cogent Communications
CCOI
$549M
| $71.1M | 0.08% |
1,651,809
-77,338
| -4% | -$3.22M |
|
215
Dollar General
DG
$27.7B
| $70.4M | 0.08% |
1,010,222
-50,753
| -5% | -$3.72M |
|
216
Cheniere Energy
LNG
$55B
| $70.1M | 0.08% |
1,482,950
-4,260
| -0.3% | -$196K |
|
217
Fortinet
FTNT
$118B
| $69.8M | 0.07% |
9,101,910
-452,050
| -5% | -$3.2M |
|
|
BHI
218
DELISTED
Baker Hughes
BHI
| $68.8M | 0.07% |
1,150,462
+328,946
| +40% | +$20M |
|
219
NN Inc
NNBR
$245M
| $68.5M | 0.07% |
2,718,817
-192,776
| -7% | -$4.02M |
|
220
White Mountains Insurance
WTM
$5.48B
| $67.2M | 0.07% |
76,336
-22,668
| -23% | -$20.3M |
|
221
Plains All American Pipeline
PAA
$16.8B
| $65.5M | 0.07% |
2,070,618
-832,544
| -29% | -$26.3M |
|
|
HES
222
DELISTED
Hess
HES
| $65.4M | 0.07% |
1,357,294
-63,425
| -4% | -$3.36M |
|
223
JB Hunt Transport Services
JBHT
$27.4B
| $65.2M | 0.07% |
710,449
-16,493
| -2% | -$1.6M |
|
|
FOLD
224
DELISTED
Amicus Therapeutics
FOLD
| $64.4M | 0.07% |
9,035,667
-242,243
| -3% | -$1.53M |
|
225
HDFC Bank
HDB
$135B
| $64.4M | 0.07% |
3,423,000
+2,120,344
| +163% | +$36.9M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.47B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.