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 A
GOOGL
|
+$2.04B |
| 2 |
Microsoft
MSFT
|
+$941M |
| 3 |
Alibaba
BABA
|
+$782M |
| 4 |
McDonald's
MCD
|
+$625M |
| 5 |
Home Depot
HD
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.96B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$765M |
| 3 |
Dollar General
DG
|
+$609M |
| 4 |
Apple
AAPL
|
+$489M |
| 5 |
AGN
Allergan plc
AGN
|
+$419M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.98% |
| 2 | Consumer Discretionary | 18.73% |
| 3 | Communication Services | 15.16% |
| 4 | Technology | 12.68% |
| 5 | Financials | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.49T
| $3.48B | 3.42% |
103,055,860
-6,670,400
| -6% | -$210M |
|
|
2
Apple
AAPL
$5.05T
| $3.04B | 2.98% |
115,341,732
-17,117,476
| -13% | -$489M |
|
3
Meta Platforms (Facebook)
META
$1.51T
| $3.03B | 2.97% |
28,913,932
-1,314,924
| -4% | -$135M |
|
4
Mastercard
MA
$499B
| $2.15B | 2.11% |
22,061,020
-561,284
| -2% | -$55M |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.16T
| $2.14B | 2.1% |
+55,026,880
| New | +$2.04B |
|
6
Visa
V
$697B
| $2.13B | 2.09% |
27,460,581
-594,850
| -2% | -$46.1M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.15T
| $2.11B | 2.07% |
55,710,680
-54,561,620
| -49% | -$1.96B |
|
8
Nike
NKE
$63.8B
| $2B | 1.97% |
32,071,004
-1,227,916
| -4% | -$79.2M |
|
9
Bristol-Myers Squibb
BMY
$129B
| $1.91B | 1.87% |
27,739,860
+4,462,075
| +19% | +$295M |
|
10
Netflix
NFLX
$306B
| $1.79B | 1.76% |
156,555,320
-4,874,220
| -3% | -$55.7M |
|
|
CELG
11
DELISTED
Celgene Corp
CELG
| $1.69B | 1.66% |
14,106,160
+1,741,019
| +14% | +$201M |
|
12
Salesforce
CRM
$154B
| $1.56B | 1.53% |
19,909,980
+141,675
| +0.7% | +$11.1M |
|
13
Starbucks
SBUX
$118B
| $1.56B | 1.53% |
25,919,515
-1,915,388
| -7% | -$117M |
|
|
LNKD
14
DELISTED
LinkedIn Corporation
LNKD
| $1.48B | 1.45% |
6,561,011
+170,736
| +3% | +$38.8M |
|
|
SHPG
15
DELISTED
Shire pic
SHPG
| $1.48B | 1.45% |
7,196,669
+819,188
| +13% | +$170M |
|
16
Boeing
BA
$171B
| $1.44B | 1.42% |
9,969,929
+66,537
| +0.7% | +$9.58M |
|
17
Adobe
ADBE
$105B
| $1.41B | 1.39% |
15,059,478
+776,596
| +5% | +$69.8M |
|
|
ALXN
18
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.4B | 1.38% |
7,346,024
+481,031
| +7% | +$84M |
|
|
AGN
19
DELISTED
Allergan plc
AGN
| $1.38B | 1.35% |
4,412,930
-1,408,411
| -24% | -$419M |
|
20
Walt Disney
DIS
$171B
| $1.35B | 1.32% |
12,842,276
-864,921
| -6% | -$96.4M |
|
|
21
Microsoft
MSFT
$2.96T
| $1.32B | 1.3% |
23,835,668
+17,890,575
| +301% | +$941M |
|
|
RHT
22
DELISTED
Red Hat Inc
RHT
| $1.28B | 1.25% |
15,400,569
-149,063
| -1% | -$11.8M |
|
|
23
Alibaba
BABA
$278B
| $1.21B | 1.19% |
14,889,241
+9,962,582
| +202% | +$782M |
|
24
Costco
COST
$431B
| $1.16B | 1.14% |
7,171,308
+69,330
| +1% | +$11M |
|
25
Regeneron Pharmaceuticals
REGN
$72.9B
| $1.09B | 1.07% |
2,016,027
+93,894
| +5% | +$50.9M |
|
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Jennison Associates's Q4 2015 Portfolio in Review
As of Q4 2015, Jennison Associates held 786 positions worth $102B, up 4.4% from $97.6B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates's Q4 2015 filing shows 65 new, 298 increased, 279 reduced and 131 closed positions. Its largest new stake was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B. The largest sale was Alphabet (Google) Class C, an estimated $1.96B.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2015 buy was Alphabet (Google) Class A: 55,026,880 shares worth $2.14B.
- Jennison Associates added most to Microsoft in Q4 2015, an estimated $941M increase.
- Jennison Associates's biggest Q4 2015 reduction was Alphabet (Google) Class C, cutting an estimated $1.96B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q4 2015, selling an estimated $765M.
- Jennison Associates's ten largest holdings make up 23% of its $102B portfolio in Q4 2015.
- Jennison Associates opened 65 new positions and closed 131 in Q4 2015.
- Jennison Associates's portfolio value rose 4.4% quarter-over-quarter to $102B.
Based on Jennison Associates's 13F filing for Q4 2015, filed 10 Feb 2016.