Large Cap
Growth

Uncovering accelerating/long-term growth through fundamental research

Strategy Objective

Seeks to outperform Russell 1000® Growth Index by investing in companies with above-average growth in units, revenues, earnings, and cash flows

Approach

  • Examine company and industry prospects over intermediate and long term, working to understand and anticipate how industries and businesses will change over time
  • Seek to capture the inflection point in a company’s growth rate not yet fully reflected in stock price
  • Emphasize duration of growth
  • Look for companies with strong business fundamentals and balance sheets; expected earnings growth 50% greater than market; expectations above consensus; appropriate valuation
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Differentiating Characteristics

    • Bottom-up stock selection based on rigorous fundamental research drives returns over market cycles
    • Highly interactive investment process
    • Deep, experienced investment team
    • Team structure that promotes individual accountability, incentives that drive collaboration and impact
    • Long-term and stable client base
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  • Philosophy

    Jennison is a fundamental research-driven, bottom-up portfolio construction investment manager. The Large Cap Growth team seeks to invest in companies with above-average growth in revenues, earnings, and cash flows that will drive the value of these securities over time. We seek to capture acceleration or duration of growth that is not fully reflected in a stock’s price. We also look for solid management teams, strong balance sheets, and appropriate valuations.

    Key Characteristics

    Benchmark: Russell 1000® Growth Index
    Number of Holdings: Typically 55-70
    EPS Growth of Holdings: Higher than benchmark and broader market
    Cash: Typically less than 5%

    Investment Team

    Our Large Cap Growth team includes seven portfolio managers and 11 dedicated research analysts.

    Each portfolio is assigned to a particular portfolio manager, who makes investment decisions for that portfolio. PMs work closely with research analysts and other PMs, continually discussing investment ideas and convictions in particular securities.

    This interactive process prizes intellectual rigor and discussion, and leverages the knowledge and skills of the entire investment team. It underpins manager conviction in decisions, and helps to ensure that Jennison’s collective insight and intellectual capital are reflected in every portfolio.

     

    Meet the Team

    Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that the investment managers’ objectives will be achieved. Professional money management is not suitable for all investors. The risks associated with investing include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; high yield (“junk”) bonds, which are subject to greater market risks; small/mid cap stocks which may be subject to more erratic market movements than large cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations; and mortgage-backed securities, which are subject to prepayment and extension risks.

    Thematic and concentrated portfolios may not be suitable for all investors. Such portfolios are non-diversified, so a loss resulting from a particular security will have greater impact on the portfolio’s return. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise.

    Your investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.

    Additional considerations:
    This web site is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services.
    The does not constitute investment advice and should not be used as the basis for any investment decision. There is no assurance that the strategy objectives as discussed will be met. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client.
    These materials do not purport to provide any legal, tax or accounting advice.