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 |
Qualcomm
QCOM
|
+$622M |
| 2 |
Alibaba
BABA
|
+$509M |
| 3 |
Goldman Sachs
GS
|
+$500M |
| 4 |
Microsoft
MSFT
|
+$365M |
| 5 |
Halliburton
HAL
|
+$278M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$686M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$629M |
| 3 |
Kroger
KR
|
+$617M |
| 4 |
NVO
Novo Nordisk
NVO
|
+$545M |
| 5 |
Morgan Stanley
MS
|
+$389M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.84% |
| 2 | Technology | 18.59% |
| 3 | Healthcare | 16.63% |
| 4 | Communication Services | 11.92% |
| 5 | Financials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $4.24B | 4.57% |
101,378,840
-3,244,380
| -3% | -$124M |
|
2
Meta Platforms (Facebook)
META
$1.47T
| $2.99B | 3.22% |
23,316,938
-830,545
| -3% | -$103M |
|
3
Apple
AAPL
$4.67T
| $2.57B | 2.78% |
91,091,576
-13,579,832
| -13% | -$359M |
|
|
4
Alibaba
BABA
$296B
| $2.38B | 2.57% |
22,516,980
+5,496,854
| +32% | +$509M |
|
5
Visa
V
$712B
| $2.31B | 2.49% |
27,979,547
-534,621
| -2% | -$42.8M |
|
|
6
Microsoft
MSFT
$3.81T
| $2.17B | 2.33% |
37,586,956
+6,461,154
| +21% | +$365M |
|
7
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.79B | 1.93% |
44,503,600
-573,720
| -1% | -$22.4M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.19T
| $1.71B | 1.85% |
44,089,300
+154,040
| +0.4% | +$5.85M |
|
|
AGN
9
DELISTED
Allergan plc
AGN
| $1.68B | 1.81% |
7,276,203
+878,672
| +14% | +$215M |
|
|
CELG
10
DELISTED
Celgene Corp
CELG
| $1.66B | 1.79% |
15,921,002
+1,967,645
| +14% | +$213M |
|
|
SHPG
11
DELISTED
Shire pic
SHPG
| $1.57B | 1.7% |
8,115,338
-178,692
| -2% | -$34.9M |
|
12
Mastercard
MA
$521B
| $1.57B | 1.69% |
15,450,341
-2,387,129
| -13% | -$229M |
|
13
Adobe
ADBE
$116B
| $1.51B | 1.62% |
13,873,721
-953,747
| -6% | -$95.7M |
|
14
Salesforce
CRM
$211B
| $1.48B | 1.6% |
20,758,784
+649,445
| +3% | +$50.7M |
|
15
Nike
NKE
$58.7B
| $1.21B | 1.3% |
22,903,462
-1,190,621
| -5% | -$67.2M |
|
|
16
Qualcomm
QCOM
$175B
| $1.2B | 1.3% |
17,576,366
+10,234,556
| +139% | +$622M |
|
17
Booking.com
BKNG
$155B
| $1.13B | 1.22% |
19,279,600
-2,174,525
| -10% | -$121M |
|
18
Netflix
NFLX
$340B
| $1.09B | 1.18% |
110,878,130
-22,271,310
| -17% | -$213M |
|
19
O'Reilly Automotive
ORLY
$71.6B
| $1.07B | 1.15% |
57,143,580
-7,585,635
| -12% | -$142M |
|
20
Marriott International
MAR
$91.5B
| $1.05B | 1.14% |
15,651,744
+214,904
| +1% | +$15.2M |
|
|
CXO
21
DELISTED
CONCHO RESOURCES INC.
CXO
| $1.04B | 1.12% |
7,557,793
-75,199
| -1% | -$9.53M |
|
22
NXP Semiconductors
NXPI
$56.4B
| $999M | 1.08% |
9,789,636
+319,862
| +3% | +$27.1M |
|
|
RHT
23
DELISTED
Red Hat Inc
RHT
| $998M | 1.08% |
12,344,561
-3,433,693
| -22% | -$255M |
|
|
24
Bristol-Myers Squibb
BMY
$136B
| $985M | 1.06% |
18,273,435
-9,790,705
| -35% | -$629M |
|
25
Boeing
BA
$166B
| $981M | 1.06% |
7,444,592
-478,870
| -6% | -$63.1M |
|
Similar funds
Jennison Associates's Q3 2016 Portfolio in Review
As of Q3 2016, Jennison Associates held 716 positions worth $92.8B, up 1.8% from $91.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.54B in Q3 2016, closing 67 positions and reducing 379 holdings. Its most notable exit was IHS INC CL-A COM STK, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Jennison Associates opened a new position in FedEx worth $216M.
- Jennison Associates's largest Q3 2016 buy was FedEx: 1,233,863 shares worth $216M.
- Jennison Associates added most to Qualcomm in Q3 2016, an estimated $622M increase.
- Jennison Associates's biggest Q3 2016 reduction was Walt Disney, cutting an estimated $686M.
- Jennison Associates fully exited IHS INC CL-A COM STK in Q3 2016, selling an estimated $131M.
- Jennison Associates's ten largest holdings make up 25% of its $92.8B portfolio in Q3 2016.
- Jennison Associates opened 86 new positions and closed 67 in Q3 2016.
- Jennison Associates's portfolio value rose 1.8% quarter-over-quarter to $92.8B.
Based on Jennison Associates's 13F filing for Q3 2016, filed 1 Nov 2016.