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 |
Charter Communications
CHTR
|
+$601M |
| 2 |
Parker-Hannifin
PH
|
+$576M |
| 3 |
JPMorgan Chase
JPM
|
+$575M |
| 4 |
Goldman Sachs
GS
|
+$452M |
| 5 |
FedEx
FDX
|
+$371M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biogen
BIIB
|
+$733M |
| 2 |
American Tower
AMT
|
+$684M |
| 3 |
Nike
NKE
|
+$601M |
| 4 |
AGN
Allergan plc
AGN
|
+$561M |
| 5 |
McDonald's
MCD
|
+$536M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.24% |
| 2 | Consumer Discretionary | 17.64% |
| 3 | Healthcare | 13.82% |
| 4 | Communication Services | 12.12% |
| 5 | Financials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $3.47B | 3.88% |
92,600,340
-8,778,500
| -9% | -$344M |
|
2
Apple
AAPL
$4.67T
| $2.95B | 3.3% |
102,033,612
+10,942,036
| +12% | +$310M |
|
3
Meta Platforms (Facebook)
META
$1.47T
| $2.41B | 2.7% |
20,985,684
-2,331,254
| -10% | -$286M |
|
4
Microsoft
MSFT
$3.81T
| $2.4B | 2.68% |
38,619,373
+1,032,417
| +3% | +$62.1M |
|
5
Visa
V
$712B
| $1.88B | 2.1% |
24,147,692
-3,831,855
| -14% | -$308M |
|
6
Alibaba
BABA
$296B
| $1.87B | 2.08% |
21,264,376
-1,252,604
| -6% | -$121M |
|
7
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.85B | 2.06% |
46,678,040
+2,174,440
| +5% | +$86.9M |
|
|
CELG
8
DELISTED
Celgene Corp
CELG
| $1.8B | 2.01% |
15,557,707
-363,295
| -2% | -$40.5M |
|
9
Mastercard
MA
$521B
| $1.78B | 1.99% |
17,264,829
+1,814,488
| +12% | +$188M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.19T
| $1.74B | 1.95% |
45,203,000
+1,113,700
| +3% | +$43.4M |
|
11
NVIDIA
NVDA
$5.25T
| $1.68B | 1.87% |
627,867,840
+114,087,280
| +22% | +$238M |
|
|
12
Goldman Sachs
GS
$301B
| $1.58B | 1.76% |
6,599,362
+2,228,026
| +51% | +$452M |
|
13
Adobe
ADBE
$116B
| $1.34B | 1.5% |
13,043,485
-830,236
| -6% | -$87.9M |
|
14
Netflix
NFLX
$340B
| $1.32B | 1.48% |
106,770,540
-4,107,590
| -4% | -$48.7M |
|
|
SHPG
15
DELISTED
Shire pic
SHPG
| $1.3B | 1.45% |
7,637,475
-477,863
| -6% | -$84.7M |
|
16
Qualcomm
QCOM
$175B
| $1.3B | 1.45% |
19,884,685
+2,308,319
| +13% | +$155M |
|
17
Marriott International
MAR
$91.5B
| $1.29B | 1.44% |
15,567,600
-84,144
| -0.5% | -$6.33M |
|
18
Bristol-Myers Squibb
BMY
$136B
| $1.27B | 1.42% |
21,761,694
+3,488,259
| +19% | +$191M |
|
19
Halliburton
HAL
$30.1B
| $1.19B | 1.33% |
21,995,919
+4,630,851
| +27% | +$231M |
|
20
Boeing
BA
$166B
| $1.18B | 1.32% |
7,597,222
+152,630
| +2% | +$22.3M |
|
21
Salesforce
CRM
$211B
| $1.17B | 1.3% |
17,049,936
-3,708,848
| -18% | -$269M |
|
22
Booking.com
BKNG
$155B
| $1.15B | 1.29% |
19,673,725
+394,125
| +2% | +$23.5M |
|
|
23
JPMorgan Chase
JPM
$951B
| $1.1B | 1.23% |
12,725,680
+7,546,146
| +146% | +$575M |
|
24
Starbucks
SBUX
$123B
| $1.09B | 1.22% |
19,703,293
+1,602,427
| +9% | +$88.8M |
|
|
ALXN
25
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.01B | 1.13% |
8,275,827
+1,138,592
| +16% | +$139M |
|
Similar funds
Jennison Associates's Q4 2016 Portfolio in Review
As of Q4 2016, Jennison Associates held 857 positions worth $89.6B, down 3.4% from $92.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jennison Associates withdrew a net $3.79B in Q4 2016, closing 52 positions and reducing 313 holdings. Its most notable exit was lululemon athletica, an estimated $342M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Parker-Hannifin worth $606M.
- Jennison Associates's largest Q4 2016 buy was Parker-Hannifin: 4,330,276 shares worth $606M.
- Jennison Associates added most to Charter Communications in Q4 2016, an estimated $601M increase.
- Jennison Associates's biggest Q4 2016 reduction was Biogen, cutting an estimated $733M.
- Jennison Associates fully exited lululemon athletica in Q4 2016, selling an estimated $342M.
- Jennison Associates's ten largest holdings make up 25% of its $89.6B portfolio in Q4 2016.
- Jennison Associates opened 208 new positions and closed 52 in Q4 2016.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $89.6B.
Based on Jennison Associates's 13F filing for Q4 2016, filed 6 Feb 2017.