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 |
Capri Holdings
CPRI
|
+$448M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$248M |
| 3 |
AGN
Allergan Inc
AGN
|
+$240M |
| 4 |
Apple
AAPL
|
+$223M |
| 5 |
ESRX
Express Scripts Holding Company
ESRX
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBM
IBM
|
+$677M |
| 2 |
Intuitive Surgical
ISRG
|
+$501M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$476M |
| 4 |
Crown Castle
CCI
|
+$365M |
| 5 |
Ralph Lauren
RL
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.54% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 11.56% |
| 4 | Energy | 11.06% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.67T
| $2.61B | 2.74% |
153,478,080
+13,445,152
| +10% | +$223M |
|
2
Alphabet (Google) Class C
GOOG
$4.19T
| $2.4B | 2.52% |
110,188,672
-4,787,558
| -4% | -$106M |
|
3
Mastercard
MA
$521B
| $2.38B | 2.5% |
35,387,620
-1,035,390
| -3% | -$65M |
|
4
Amazon
AMZN
$2.87T
| $2.14B | 2.25% |
137,023,340
-5,414,120
| -4% | -$80.7M |
|
5
Booking.com
BKNG
$155B
| $1.69B | 1.77% |
41,752,325
-1,644,100
| -4% | -$61.5M |
|
6
Biogen
BIIB
$32.3B
| $1.54B | 1.61% |
6,387,949
-72
| -0% | -$16.1K |
|
7
Gilead Sciences
GILD
$181B
| $1.52B | 1.6% |
24,213,914
-901,203
| -4% | -$53.9M |
|
|
MON
8
DELISTED
Monsanto Co
MON
| $1.52B | 1.59% |
14,574,374
-777,144
| -5% | -$78.1M |
|
|
LNKD
9
DELISTED
LinkedIn Corporation
LNKD
| $1.4B | 1.47% |
5,701,348
-1,184,611
| -17% | -$267M |
|
10
TJX Companies
TJX
$149B
| $1.34B | 1.4% |
47,371,018
-6,350,704
| -12% | -$169M |
|
11
Boeing
BA
$166B
| $1.31B | 1.37% |
11,136,920
-615,404
| -5% | -$66.3M |
|
12
Meta Platforms (Facebook)
META
$1.47T
| $1.29B | 1.36% |
25,741,313
+1,157,726
| +5% | +$43.1M |
|
13
Nike
NKE
$58.7B
| $1.26B | 1.32% |
34,744,800
-2,775,936
| -7% | -$90.6M |
|
14
Salesforce
CRM
$211B
| $1.19B | 1.25% |
22,994,053
+1,210,307
| +6% | +$54.9M |
|
|
WFM
15
DELISTED
Whole Foods Market Inc
WFM
| $1.17B | 1.23% |
20,019,098
-678,223
| -3% | -$37.4M |
|
16
Costco
COST
$419B
| $1.09B | 1.14% |
9,425,525
-1,000,071
| -10% | -$115M |
|
17
Vertex Pharmaceuticals
VRTX
$137B
| $1.06B | 1.11% |
13,944,293
-3,254,728
| -19% | -$259M |
|
18
Mondelez International
MDLZ
$79.6B
| $1.01B | 1.06% |
32,150,908
-82,587
| -0.3% | -$2.56M |
|
19
Visa
V
$712B
| $1.01B | 1.05% |
21,057,336
-1,610,224
| -7% | -$74.4M |
|
|
ALXN
20
DELISTED
Alexion Pharmaceuticals
ALXN
| $1B | 1.05% |
8,635,006
-1,023,542
| -11% | -$112M |
|
|
CXO
21
DELISTED
CONCHO RESOURCES INC.
CXO
| $995M | 1.04% |
9,144,699
-463,778
| -5% | -$44.2M |
|
22
Goldman Sachs
GS
$301B
| $974M | 1.02% |
6,156,989
-143,605
| -2% | -$23.1M |
|
23
Walt Disney
DIS
$187B
| $970M | 1.02% |
15,044,215
-1,600,648
| -10% | -$103M |
|
|
NVO
24
Novo Nordisk
NVO
$202B
| $957M | 1% |
56,558,910
-10,593,330
| -16% | -$178M |
|
|
PCP
25
DELISTED
PRECISION CASTPARTS CORP
PCP
| $942M | 0.99% |
4,144,398
-780,075
| -16% | -$176M |
|
Similar funds
Jennison Associates's Q3 2013 Portfolio in Review
As of Q3 2013, Jennison Associates held 756 positions worth $95.4B, up 7.3% from $88.9B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Jennison Associates withdrew a net $3.56B in Q3 2013, closing 76 positions and reducing 326 holdings. Its most notable exit was Intuitive Surgical, an estimated $501M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Under Armour worth $157M.
- Jennison Associates's largest Q3 2013 buy was Under Armour: 7,886,544 shares worth $157M.
- Jennison Associates added most to Capri Holdings in Q3 2013, an estimated $448M increase.
- Jennison Associates's biggest Q3 2013 reduction was IBM, cutting an estimated $677M.
- Jennison Associates fully exited Intuitive Surgical in Q3 2013, selling an estimated $501M.
- Jennison Associates's ten largest holdings make up 19% of its $95.4B portfolio in Q3 2013.
- Jennison Associates opened 84 new positions and closed 76 in Q3 2013.
- Jennison Associates's portfolio value rose 7.3% quarter-over-quarter to $95.4B.
Based on Jennison Associates's 13F filing for Q3 2013, filed 13 Nov 2013.