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 |
Alphabet (Google) Class C
GOOG
|
+$820M |
| 2 |
Palo Alto Networks
PANW
|
+$358M |
| 3 |
Visa
V
|
+$355M |
| 4 |
CELG
Celgene Corp
CELG
|
+$339M |
| 5 |
Citigroup
C
|
+$325M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$722M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$356M |
| 3 |
Alibaba
BABA
|
+$345M |
| 4 |
EOG Resources
EOG
|
+$344M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.08% |
| 2 | Consumer Discretionary | 17.25% |
| 3 | Communication Services | 14.3% |
| 4 | Technology | 13.13% |
| 5 | Financials | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.97T
| $3.65B | 3.74% |
132,459,208
-4,925,916
| -4% | -$144M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.11T
| $3.44B | 3.52% |
110,272,300
+26,669,440
| +32% | +$820M |
|
3
Amazon
AMZN
$2.44T
| $2.81B | 2.88% |
109,726,260
-623,240
| -0.6% | -$15.8M |
|
4
Meta Platforms (Facebook)
META
$1.49T
| $2.72B | 2.78% |
30,228,856
-837,978
| -3% | -$76.9M |
|
5
Nike
NKE
$64.1B
| $2.05B | 2.1% |
33,298,920
-656,784
| -2% | -$37.2M |
|
6
Mastercard
MA
$498B
| $2.04B | 2.09% |
22,622,304
-2,938,189
| -11% | -$276M |
|
|
7
Visa
V
$677B
| $1.95B | 2% |
28,055,431
+4,977,221
| +22% | +$355M |
|
8
Netflix
NFLX
$307B
| $1.67B | 1.71% |
161,429,540
-18,023,160
| -10% | -$194M |
|
|
AGN
9
DELISTED
Allergan plc
AGN
| $1.58B | 1.62% |
5,821,341
-965,773
| -14% | -$297M |
|
10
Starbucks
SBUX
$119B
| $1.58B | 1.62% |
27,834,903
-1,340,567
| -5% | -$75.1M |
|
11
Walt Disney
DIS
$171B
| $1.4B | 1.44% |
13,707,197
+137,711
| +1% | +$15M |
|
12
Bristol-Myers Squibb
BMY
$129B
| $1.38B | 1.41% |
23,277,785
-4,197,257
| -15% | -$266M |
|
13
Salesforce
CRM
$154B
| $1.37B | 1.41% |
19,768,305
+709,394
| +4% | +$50.3M |
|
|
CELG
14
DELISTED
Celgene Corp
CELG
| $1.34B | 1.37% |
12,365,141
+2,728,714
| +28% | +$339M |
|
|
SHPG
15
DELISTED
Shire pic
SHPG
| $1.31B | 1.34% |
6,377,481
+398,968
| +7% | +$94.9M |
|
16
Boeing
BA
$169B
| $1.3B | 1.33% |
9,903,392
+482,550
| +5% | +$66.9M |
|
|
LNKD
17
DELISTED
LinkedIn Corporation
LNKD
| $1.21B | 1.24% |
6,390,275
+19,651
| +0.3% | +$3.9M |
|
18
Biogen
BIIB
$30.9B
| $1.19B | 1.21% |
4,061,683
-786,414
| -16% | -$260M |
|
19
Adobe
ADBE
$105B
| $1.17B | 1.2% |
14,282,882
-190,203
| -1% | -$15.4M |
|
20
Under Armour
UAA
$3.01B
| $1.15B | 1.18% |
23,932,012
-1,770,968
| -7% | -$83.6M |
|
|
RHT
21
DELISTED
Red Hat Inc
RHT
| $1.12B | 1.14% |
15,549,632
-386,599
| -2% | -$29.1M |
|
22
Booking.com
BKNG
$156B
| $1.08B | 1.1% |
21,791,000
-1,648,125
| -7% | -$81.9M |
|
|
ALXN
23
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.07B | 1.1% |
6,864,993
+913,030
| +15% | +$167M |
|
24
Costco
COST
$432B
| $1.03B | 1.05% |
7,101,978
-244,754
| -3% | -$34.9M |
|
25
Illumina
ILMN
$29.5B
| $1.03B | 1.05% |
6,002,918
-364,969
| -6% | -$73.8M |
|
Similar funds
Jennison Associates's Q3 2015 Portfolio in Review
As of Q3 2015, Jennison Associates held 813 positions worth $97.6B, down 11% from $109B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q3 2015 filing shows 84 new, 272 increased, 353 reduced and 92 closed positions. Its largest new stake was Palo Alto Networks: 12,124,434 shares worth $348M. The largest sale was Gilead Sciences, an estimated $722M.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2015 buy was Palo Alto Networks: 12,124,434 shares worth $348M.
- Jennison Associates added most to Alphabet (Google) Class C in Q3 2015, an estimated $820M increase.
- Jennison Associates's biggest Q3 2015 reduction was Gilead Sciences, cutting an estimated $722M.
- Jennison Associates fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $144M.
- Jennison Associates's ten largest holdings make up 24% of its $97.6B portfolio in Q3 2015.
- Jennison Associates opened 84 new positions and closed 92 in Q3 2015.
- Jennison Associates's portfolio value fell 11% quarter-over-quarter to $97.6B.
Based on Jennison Associates's 13F filing for Q3 2015, filed 6 Nov 2015.