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 |
SHPG
Shire pic
SHPG
|
+$1B |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$539M |
| 3 |
Alibaba
BABA
|
+$476M |
| 4 |
AGN
Allergan plc
AGN
|
+$464M |
| 5 |
Perrigo
PRGO
|
+$273M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$777M |
| 2 |
Merck
MRK
|
+$766M |
| 3 |
AGN
Allergan Inc
AGN
|
+$573M |
| 4 |
SLB Ltd
SLB
|
+$551M |
| 5 |
TJX Companies
TJX
|
+$521M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.5% |
| 2 | Consumer Discretionary | 15.58% |
| 3 | Technology | 12.6% |
| 4 | Communication Services | 11.76% |
| 5 | Financials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.67T
| $3.96B | 3.7% |
143,382,548
-4,443,480
| -3% | -$121M |
|
2
Meta Platforms (Facebook)
META
$1.47T
| $2.47B | 2.31% |
31,677,364
-1,070,556
| -3% | -$81.8M |
|
3
Mastercard
MA
$521B
| $2.42B | 2.26% |
28,040,155
-2,469,276
| -8% | -$202M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.19T
| $2.04B | 1.91% |
77,369,436
-28,950,667
| -27% | -$777M |
|
5
Biogen
BIIB
$32.3B
| $1.91B | 1.78% |
5,619,663
-188,022
| -3% | -$60.8M |
|
|
CELG
6
DELISTED
Celgene Corp
CELG
| $1.84B | 1.72% |
16,471,140
-36,639
| -0.2% | -$3.86M |
|
7
Bristol-Myers Squibb
BMY
$136B
| $1.72B | 1.61% |
29,196,893
+2,010,330
| +7% | +$113M |
|
8
Amazon
AMZN
$2.87T
| $1.67B | 1.56% |
107,606,160
+518,760
| +0.5% | +$8.08M |
|
9
Visa
V
$712B
| $1.57B | 1.47% |
23,960,156
+909,552
| +4% | +$54.8M |
|
10
Nike
NKE
$58.7B
| $1.56B | 1.46% |
32,460,572
-244,768
| -0.7% | -$11.5M |
|
|
11
Alibaba
BABA
$296B
| $1.43B | 1.34% |
13,776,099
+4,635,515
| +51% | +$476M |
|
|
LNKD
12
DELISTED
LinkedIn Corporation
LNKD
| $1.38B | 1.29% |
6,005,677
-397,502
| -6% | -$86.2M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $1.36B | 1.27% |
5,266,171
+1,857,116
| +54% | +$464M |
|
14
Walt Disney
DIS
$187B
| $1.33B | 1.25% |
14,147,351
-340,353
| -2% | -$30.7M |
|
15
Boeing
BA
$166B
| $1.33B | 1.24% |
10,216,296
-480,249
| -4% | -$60.9M |
|
16
Salesforce
CRM
$211B
| $1.29B | 1.21% |
21,827,943
+384,174
| +2% | +$22.7M |
|
17
Costco
COST
$419B
| $1.29B | 1.2% |
9,074,550
+726,725
| +9% | +$98.8M |
|
|
MON
18
DELISTED
Monsanto Co
MON
| $1.27B | 1.19% |
10,668,087
+792,455
| +8% | +$92M |
|
19
Booking.com
BKNG
$155B
| $1.24B | 1.16% |
27,158,375
-2,416,475
| -8% | -$109M |
|
20
Canadian Pacific Kansas City
CP
$82.7B
| $1.23B | 1.15% |
31,822,380
-1,102,395
| -3% | -$43.6M |
|
|
RHT
21
DELISTED
Red Hat Inc
RHT
| $1.19B | 1.11% |
17,184,497
-3,083,076
| -15% | -$186M |
|
22
Illumina
ILMN
$32.6B
| $1.18B | 1.1% |
6,548,275
-1,084,312
| -14% | -$191M |
|
23
Morgan Stanley
MS
$337B
| $1.17B | 1.09% |
30,074,224
+3,120,026
| +12% | +$111M |
|
24
Mondelez International
MDLZ
$79.6B
| $1.12B | 1.05% |
30,856,458
-543,149
| -2% | -$19.8M |
|
|
CXO
25
DELISTED
CONCHO RESOURCES INC.
CXO
| $1.08B | 1.01% |
10,793,353
+1,391,488
| +15% | +$146M |
|
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Jennison Associates's Q4 2014 Portfolio in Review
As of Q4 2014, Jennison Associates held 806 positions worth $107B, down 0.8% from $108B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Jennison Associates withdrew a net $3.75B in Q4 2014, closing 91 positions and reducing 351 holdings. Its most notable exit was Oneok, an estimated $184M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Jennison Associates opened a new position in Shire pic worth $1B.
- Jennison Associates's largest Q4 2014 buy was Shire pic: 4,721,078 shares worth $1B.
- Jennison Associates added most to Alibaba in Q4 2014, an estimated $476M increase.
- Jennison Associates's biggest Q4 2014 reduction was Alphabet (Google) Class C, cutting an estimated $777M.
- Jennison Associates fully exited Oneok in Q4 2014, selling an estimated $184M.
- Jennison Associates's ten largest holdings make up 20% of its $107B portfolio in Q4 2014.
- Jennison Associates opened 89 new positions and closed 91 in Q4 2014.
- Jennison Associates's portfolio value fell 0.8% quarter-over-quarter to $107B.
Based on Jennison Associates's 13F filing for Q4 2014, filed 6 Feb 2015.