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 |
Microsoft
MSFT
|
+$424M |
| 2 |
Bath & Body Works
BBWI
|
+$342M |
| 3 |
Home Depot
HD
|
+$259M |
| 4 |
GE Aerospace
GE
|
+$247M |
| 5 |
Palo Alto Networks
PANW
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$917M |
| 2 |
ARMH
ARM HOLDINGS PLC ADS
ARMH
|
+$396M |
| 3 |
Citigroup
C
|
+$377M |
| 4 |
Sherwin-Williams
SHW
|
+$292M |
| 5 |
Starbucks
SBUX
|
+$260M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.89% |
| 2 | Healthcare | 16.95% |
| 3 | Technology | 14.55% |
| 4 | Communication Services | 14.21% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.47T
| $3.27B | 3.43% |
28,659,787
-254,145
| -0.9% | -$26.8M |
|
2
Amazon
AMZN
$2.87T
| $3.25B | 3.41% |
109,563,900
+6,508,040
| +6% | +$185M |
|
3
Apple
AAPL
$4.67T
| $2.98B | 3.13% |
109,465,412
-5,876,320
| -5% | -$146M |
|
4
Visa
V
$712B
| $2.2B | 2.31% |
28,722,186
+1,261,605
| +5% | +$91.7M |
|
5
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.07B | 2.17% |
54,319,140
-707,740
| -1% | -$26.1M |
|
|
6
Alphabet (Google) Class C
GOOG
$4.19T
| $2.03B | 2.13% |
54,433,860
-1,276,820
| -2% | -$45.7M |
|
7
Nike
NKE
$58.7B
| $1.97B | 2.07% |
32,055,599
-15,405
| -0% | -$930K |
|
8
Mastercard
MA
$521B
| $1.93B | 2.02% |
20,388,092
-1,672,928
| -8% | -$148M |
|
|
9
Microsoft
MSFT
$3.81T
| $1.76B | 1.85% |
31,929,448
+8,093,780
| +34% | +$424M |
|
10
Bristol-Myers Squibb
BMY
$136B
| $1.72B | 1.81% |
26,964,930
-774,930
| -3% | -$48.9M |
|
11
Netflix
NFLX
$340B
| $1.51B | 1.58% |
147,243,020
-9,312,300
| -6% | -$91.4M |
|
12
Salesforce
CRM
$211B
| $1.47B | 1.54% |
19,925,676
+15,696
| +0.1% | +$1.08M |
|
|
CELG
13
DELISTED
Celgene Corp
CELG
| $1.41B | 1.48% |
14,097,772
-8,388
| -0.1% | -$864K |
|
14
Adobe
ADBE
$116B
| $1.41B | 1.48% |
15,029,229
-30,249
| -0.2% | -$2.62M |
|
|
15
Starbucks
SBUX
$123B
| $1.28B | 1.34% |
21,462,777
-4,456,738
| -17% | -$260M |
|
|
SHPG
16
DELISTED
Shire pic
SHPG
| $1.26B | 1.32% |
7,325,929
+129,260
| +2% | +$21.6M |
|
|
AGN
17
DELISTED
Allergan plc
AGN
| $1.21B | 1.27% |
4,501,752
+88,822
| +2% | +$25.4M |
|
|
RHT
18
DELISTED
Red Hat Inc
RHT
| $1.2B | 1.26% |
16,060,748
+660,179
| +4% | +$46.6M |
|
19
O'Reilly Automotive
ORLY
$71.6B
| $1.19B | 1.25% |
65,221,530
+5,957,385
| +10% | +$102M |
|
20
Costco
COST
$419B
| $1.16B | 1.22% |
7,365,422
+194,114
| +3% | +$29.4M |
|
21
McDonald's
MCD
$188B
| $1.12B | 1.18% |
8,946,025
+1,165,334
| +15% | +$139M |
|
22
Walt Disney
DIS
$187B
| $1.12B | 1.17% |
11,271,722
-1,570,554
| -12% | -$152M |
|
23
Marriott International
MAR
$91.5B
| $1.11B | 1.17% |
15,655,321
+917,746
| +6% | +$60M |
|
24
Under Armour
UAA
$2.18B
| $1.11B | 1.17% |
26,179,492
+245,106
| +0.9% | +$9.67M |
|
25
Boeing
BA
$166B
| $1.07B | 1.13% |
8,452,096
-1,517,833
| -15% | -$188M |
|
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Jennison Associates's Q1 2016 Portfolio in Review
As of Q1 2016, Jennison Associates held 710 positions worth $95.3B, down 6.5% from $102B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jennison Associates's Q1 2016 filing shows 56 new, 303 increased, 241 reduced and 102 closed positions. Its largest new stake was Procter & Gamble: 1,657,581 shares worth $136M. The largest sale was LinkedIn Corporation, an estimated $917M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 19% a quarter earlier, followed by Healthcare and Technology.
- Jennison Associates's largest Q1 2016 buy was Procter & Gamble: 1,657,581 shares worth $136M.
- Jennison Associates added most to Microsoft in Q1 2016, an estimated $424M increase.
- Jennison Associates's biggest Q1 2016 reduction was LinkedIn Corporation, cutting an estimated $917M.
- Jennison Associates fully exited Sherwin-Williams in Q1 2016, selling an estimated $292M.
- Jennison Associates's ten largest holdings make up 24% of its $95.3B portfolio in Q1 2016.
- Jennison Associates opened 56 new positions and closed 102 in Q1 2016.
- Jennison Associates's portfolio value fell 6.5% quarter-over-quarter to $95.3B.
Based on Jennison Associates's 13F filing for Q1 2016, filed 3 May 2016.