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 |
Broadcom
AVGO
|
+$781M |
| 2 |
Nike
NKE
|
+$773M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$536M |
| 4 |
Texas Instruments
TXN
|
+$493M |
| 5 |
AGN
Allergan plc
AGN
|
+$379M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$1.07B |
| 2 |
Qualcomm
QCOM
|
+$673M |
| 3 |
TJX Companies
TJX
|
+$603M |
| 4 |
NVIDIA
NVDA
|
+$431M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$429M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.85% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Healthcare | 13.97% |
| 4 | Communication Services | 13.08% |
| 5 | Financials | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.67T
| $4B | 4.3% |
111,459,972
+9,426,360
| +9% | +$310M |
|
2
Amazon
AMZN
$2.87T
| $3.74B | 4.01% |
84,313,300
-8,287,040
| -9% | -$345M |
|
3
Meta Platforms (Facebook)
META
$1.47T
| $2.72B | 2.91% |
19,117,520
-1,868,164
| -9% | -$250M |
|
4
Microsoft
MSFT
$3.81T
| $2.54B | 2.73% |
38,577,525
-41,848
| -0.1% | -$2.68M |
|
5
Alibaba
BABA
$296B
| $2.13B | 2.29% |
19,787,001
-1,477,375
| -7% | -$150M |
|
6
Visa
V
$712B
| $1.95B | 2.1% |
21,980,019
-2,167,673
| -9% | -$186M |
|
7
Netflix
NFLX
$340B
| $1.92B | 2.06% |
129,700,330
+22,929,790
| +21% | +$322M |
|
8
Mastercard
MA
$521B
| $1.87B | 2% |
16,596,360
-668,469
| -4% | -$73.3M |
|
9
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.8B | 1.94% |
42,571,700
-4,106,340
| -9% | -$173M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.19T
| $1.73B | 1.85% |
41,601,340
-3,601,660
| -8% | -$148M |
|
|
CELG
11
DELISTED
Celgene Corp
CELG
| $1.65B | 1.77% |
13,258,870
-2,298,837
| -15% | -$275M |
|
12
Adobe
ADBE
$116B
| $1.62B | 1.74% |
12,457,415
-586,070
| -4% | -$68.8M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $1.48B | 1.59% |
6,196,427
+1,628,172
| +36% | +$379M |
|
14
Marriott International
MAR
$91.5B
| $1.47B | 1.58% |
15,600,657
+33,057
| +0.2% | +$2.87M |
|
15
Goldman Sachs
GS
$301B
| $1.47B | 1.58% |
6,393,634
-205,728
| -3% | -$49.7M |
|
16
Booking.com
BKNG
$155B
| $1.44B | 1.55% |
20,266,000
+592,275
| +3% | +$39.1M |
|
|
17
Nike
NKE
$58.7B
| $1.4B | 1.51% |
25,189,564
+13,993,743
| +125% | +$773M |
|
18
Salesforce
CRM
$211B
| $1.33B | 1.42% |
16,079,483
-970,453
| -6% | -$77.5M |
|
|
19
NVIDIA
NVDA
$5.25T
| $1.27B | 1.36% |
465,809,320
-162,058,520
| -26% | -$431M |
|
20
Bristol-Myers Squibb
BMY
$136B
| $1.19B | 1.28% |
21,934,137
+172,443
| +0.8% | +$9.46M |
|
|
ALXN
21
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.17B | 1.25% |
9,626,479
+1,350,652
| +16% | +$174M |
|
|
SHPG
22
DELISTED
Shire pic
SHPG
| $1.13B | 1.21% |
6,469,972
-1,167,503
| -15% | -$204M |
|
23
Charter Communications
CHTR
$18.3B
| $1.08B | 1.16% |
3,296,972
+807,719
| +32% | +$257M |
|
24
Boeing
BA
$166B
| $1.06B | 1.14% |
5,982,016
-1,615,206
| -21% | -$275M |
|
25
JPMorgan Chase
JPM
$951B
| $1.02B | 1.09% |
11,580,533
-1,145,147
| -9% | -$101M |
|
Similar funds
Jennison Associates's Q1 2017 Portfolio in Review
As of Q1 2017, Jennison Associates held 861 positions worth $93.2B, up 4.1% from $89.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jennison Associates withdrew a net $4.56B in Q1 2017, closing 224 positions and reducing 376 holdings. Its most notable exit was Mobileye N.V., an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Snap worth $119M.
- Jennison Associates's largest Q1 2017 buy was Snap: 5,289,727 shares worth $119M.
- Jennison Associates added most to Broadcom in Q1 2017, an estimated $781M increase.
- Jennison Associates's biggest Q1 2017 reduction was Starbucks, cutting an estimated $1.07B.
- Jennison Associates fully exited Mobileye N.V. in Q1 2017, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 26% of its $93.2B portfolio in Q1 2017.
- Jennison Associates opened 55 new positions and closed 224 in Q1 2017.
- Jennison Associates's portfolio value rose 4.1% quarter-over-quarter to $93.2B.
Based on Jennison Associates's 13F filing for Q1 2017, filed 28 Apr 2017.