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 |
S&P Global
SPGI
|
+$677M |
| 2 |
AGN
Allergan plc
AGN
|
+$437M |
| 3 |
Qualcomm
QCOM
|
+$387M |
| 4 |
lululemon athletica
LULU
|
+$366M |
| 5 |
NVIDIA
NVDA
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Under Armour
UAA
|
+$1.03B |
| 2 |
Abbott
ABT
|
+$767M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$627M |
| 4 |
Meta Platforms (Facebook)
META
|
+$520M |
| 5 |
Nike
NKE
|
+$454M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.26% |
| 2 | Healthcare | 16.99% |
| 3 | Technology | 15.48% |
| 4 | Communication Services | 12.63% |
| 5 | Financials | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $3.74B | 4.11% |
104,623,220
-4,940,680
| -5% | -$167M |
|
|
2
Meta Platforms (Facebook)
META
$1.47T
| $2.76B | 3.03% |
24,147,483
-4,512,304
| -16% | -$520M |
|
3
Apple
AAPL
$4.67T
| $2.5B | 2.74% |
104,671,408
-4,794,004
| -4% | -$119M |
|
4
Visa
V
$712B
| $2.11B | 2.32% |
28,514,168
-208,018
| -0.7% | -$16.3M |
|
5
Bristol-Myers Squibb
BMY
$136B
| $2.06B | 2.26% |
28,064,140
+1,099,210
| +4% | +$77.7M |
|
6
Salesforce
CRM
$211B
| $1.6B | 1.75% |
20,109,339
+183,663
| +0.9% | +$14.4M |
|
7
Microsoft
MSFT
$3.81T
| $1.59B | 1.75% |
31,125,802
-803,646
| -3% | -$41.8M |
|
8
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.59B | 1.74% |
45,077,320
-9,241,820
| -17% | -$339M |
|
9
Mastercard
MA
$521B
| $1.57B | 1.72% |
17,837,470
-2,550,622
| -13% | -$244M |
|
|
SHPG
10
DELISTED
Shire pic
SHPG
| $1.53B | 1.68% |
8,294,030
+968,101
| +13% | +$175M |
|
|
11
Alphabet (Google) Class C
GOOG
$4.19T
| $1.52B | 1.67% |
43,935,260
-10,498,600
| -19% | -$377M |
|
|
AGN
12
DELISTED
Allergan plc
AGN
| $1.48B | 1.62% |
6,397,531
+1,895,779
| +42% | +$437M |
|
13
Adobe
ADBE
$116B
| $1.42B | 1.56% |
14,827,468
-201,761
| -1% | -$19.4M |
|
|
CELG
14
DELISTED
Celgene Corp
CELG
| $1.38B | 1.51% |
13,953,357
-144,415
| -1% | -$14.9M |
|
15
Alibaba
BABA
$296B
| $1.35B | 1.49% |
17,020,126
+3,865,177
| +29% | +$302M |
|
|
16
Nike
NKE
$58.7B
| $1.33B | 1.46% |
24,094,083
-7,961,516
| -25% | -$454M |
|
17
Netflix
NFLX
$340B
| $1.22B | 1.34% |
133,149,440
-14,093,580
| -10% | -$135M |
|
18
O'Reilly Automotive
ORLY
$71.6B
| $1.17B | 1.28% |
64,729,215
-492,315
| -0.8% | -$8.7M |
|
|
RHT
19
DELISTED
Red Hat Inc
RHT
| $1.15B | 1.26% |
15,778,254
-282,494
| -2% | -$21.2M |
|
20
Booking.com
BKNG
$155B
| $1.07B | 1.18% |
21,454,125
+3,753,850
| +21% | +$195M |
|
21
Boeing
BA
$166B
| $1.03B | 1.13% |
7,923,462
-528,634
| -6% | -$68.9M |
|
22
Marriott International
MAR
$91.5B
| $1.03B | 1.13% |
15,436,840
-218,481
| -1% | -$14.7M |
|
23
Home Depot
HD
$329B
| $1.02B | 1.11% |
7,954,031
+1,483,893
| +23% | +$196M |
|
24
Walt Disney
DIS
$187B
| $1B | 1.1% |
10,270,145
-1,001,577
| -9% | -$100M |
|
25
Costco
COST
$419B
| $991M | 1.09% |
6,311,734
-1,053,688
| -14% | -$160M |
|
Similar funds
Jennison Associates's Q2 2016 Portfolio in Review
As of Q2 2016, Jennison Associates held 691 positions worth $91.1B, down 4.3% from $95.3B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jennison Associates withdrew a net $5.05B in Q2 2016, closing 61 positions and reducing 333 holdings. Its most notable exit was MCGRAW-HILL FINANCIAL INC COM, an estimated $627M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Jennison Associates opened a new position in S&P Global worth $677M.
- Jennison Associates's largest Q2 2016 buy was S&P Global: 6,307,763 shares worth $677M.
- Jennison Associates added most to Allergan plc in Q2 2016, an estimated $437M increase.
- Jennison Associates's biggest Q2 2016 reduction was Under Armour, cutting an estimated $1.03B.
- Jennison Associates fully exited MCGRAW-HILL FINANCIAL INC COM in Q2 2016, selling an estimated $627M.
- Jennison Associates's ten largest holdings make up 23% of its $91.1B portfolio in Q2 2016.
- Jennison Associates opened 83 new positions and closed 61 in Q2 2016.
- Jennison Associates's portfolio value fell 4.3% quarter-over-quarter to $91.1B.
Based on Jennison Associates's 13F filing for Q2 2016, filed 3 Aug 2016.