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 |
Alibaba
BABA
|
+$821M |
| 2 |
AGN
Allergan plc
AGN
|
+$444M |
| 3 |
Apple
AAPL
|
+$304M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$301M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$839M |
| 2 |
Las Vegas Sands
LVS
|
+$405M |
| 3 |
Qualcomm
QCOM
|
+$402M |
| 4 |
Warner Bros
WBD
|
+$400M |
| 5 |
Perrigo
PRGO
|
+$357M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.84% |
| 2 | Consumer Discretionary | 15.22% |
| 3 | Communication Services | 13.03% |
| 4 | Technology | 11.99% |
| 5 | Energy | 11.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.67T
| $3.72B | 3.45% |
147,826,028
+12,406,276
| +9% | +$304M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.19T
| $3.09B | 2.87% |
106,320,103
+8,666,349
| +9% | +$251M |
|
3
Meta Platforms (Facebook)
META
$1.47T
| $2.59B | 2.4% |
32,747,920
+3,339,937
| +11% | +$245M |
|
4
Mastercard
MA
$521B
| $2.26B | 2.09% |
30,509,431
-657,540
| -2% | -$50.1M |
|
5
Biogen
BIIB
$32.3B
| $1.92B | 1.78% |
5,807,685
-473,199
| -8% | -$156M |
|
6
SLB Ltd
SLB
$85.1B
| $1.82B | 1.69% |
17,875,053
+724,787
| +4% | +$79M |
|
7
Amazon
AMZN
$2.87T
| $1.73B | 1.6% |
107,087,400
-6,435,340
| -6% | -$107M |
|
|
CELG
8
DELISTED
Celgene Corp
CELG
| $1.56B | 1.45% |
16,507,779
+1,976,980
| +14% | +$178M |
|
9
Nike
NKE
$58.7B
| $1.46B | 1.35% |
32,705,340
-1,019,508
| -3% | -$40.4M |
|
10
Gilead Sciences
GILD
$181B
| $1.43B | 1.33% |
13,457,069
-398,940
| -3% | -$39.1M |
|
11
Bristol-Myers Squibb
BMY
$136B
| $1.39B | 1.29% |
27,186,563
+3,511,162
| +15% | +$175M |
|
|
ALXN
12
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.39B | 1.29% |
8,383,014
+234,768
| +3% | +$38.6M |
|
13
Booking.com
BKNG
$155B
| $1.37B | 1.27% |
29,574,850
-4,393,750
| -13% | -$216M |
|
14
Canadian Pacific Kansas City
CP
$82.7B
| $1.37B | 1.27% |
32,924,775
-1,654,720
| -5% | -$64.8M |
|
15
Boeing
BA
$166B
| $1.36B | 1.26% |
10,696,545
+449,554
| +4% | +$56.6M |
|
|
NVO
16
Novo Nordisk
NVO
$202B
| $1.34B | 1.24% |
56,308,728
+2,518,634
| +5% | +$58M |
|
|
LNKD
17
DELISTED
LinkedIn Corporation
LNKD
| $1.33B | 1.23% |
6,403,179
+456,571
| +8% | +$91.2M |
|
18
Walt Disney
DIS
$187B
| $1.29B | 1.2% |
14,487,704
-495,239
| -3% | -$43.7M |
|
19
Salesforce
CRM
$211B
| $1.23B | 1.14% |
21,443,769
-321,900
| -1% | -$18.1M |
|
20
Visa
V
$712B
| $1.23B | 1.14% |
23,050,604
-658,208
| -3% | -$35.4M |
|
21
Illumina
ILMN
$32.6B
| $1.22B | 1.13% |
7,632,587
-88,573
| -1% | -$14.8M |
|
|
CXO
22
DELISTED
CONCHO RESOURCES INC.
CXO
| $1.18B | 1.09% |
9,401,865
+98,457
| +1% | +$13.5M |
|
23
Vertex Pharmaceuticals
VRTX
$137B
| $1.17B | 1.09% |
10,448,752
-1,416,257
| -12% | -$135M |
|
24
Merck
MRK
$366B
| $1.17B | 1.08% |
20,602,676
-224,244
| -1% | -$12.6M |
|
|
RHT
25
DELISTED
Red Hat Inc
RHT
| $1.14B | 1.06% |
20,267,573
+1,193,635
| +6% | +$69.6M |
|
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Jennison Associates's Q3 2014 Portfolio in Review
As of Q3 2014, Jennison Associates held 788 positions worth $108B, down 0.96% from $109B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates's Q3 2014 filing shows 82 new, 334 increased, 281 reduced and 71 closed positions. Its largest new stake was Alibaba: 9,140,584 shares worth $812M. The largest sale was RTX Corp, an estimated $839M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2014 buy was Alibaba: 9,140,584 shares worth $812M.
- Jennison Associates added most to Allergan plc in Q3 2014, an estimated $444M increase.
- Jennison Associates's biggest Q3 2014 reduction was Las Vegas Sands, cutting an estimated $405M.
- Jennison Associates fully exited RTX Corp in Q3 2014, selling an estimated $839M.
- Jennison Associates's ten largest holdings make up 20% of its $108B portfolio in Q3 2014.
- Jennison Associates opened 82 new positions and closed 71 in Q3 2014.
- Jennison Associates's portfolio value fell 0.96% quarter-over-quarter to $108B.
Based on Jennison Associates's 13F filing for Q3 2014, filed 5 Nov 2014.