Equity

Large Cap Value

Focused on companies whose intrinsic value increases over time

Office skyscraper Reflection in the sunlight. New York City

Overview

  • A deep understanding of a business gives us an informed view of a company’s intrinsic value – the value derived from the earnings and cash-flow a business generates
  • A long-term investment horizon allows us to capitalize on “time horizon arbitrage” opportunities that can be created by the short-term orientation of market participants
  • We believe utilizing a well-vetted and disciplined process to manage risk, in both security selection and portfolio construction, is critical to adding value and enhancing the probability of achieving consistent and repeatable results

Characteristics & Performance

Composite Inception5/31/2000
Strategy AUM$3.0 Billion as of 3/31/25
BenchmarkRussell 1000® Value Index
Holdings RangeTypically 60 – 80
Max. Position SizeTypically less than 5%
Turnover20 - 25% under normal market conditions
Active ShareApproximately 70 - 80%
CashTypically less than 5%

Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Periods greater than one year are annualized. Please refer to the GIPS presentation, which includes fee information and criteria for composite performance creation.

Available Vehicles

 

Institutional Separate Account

 

Managed Account

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Investment Team

Our Large Cap Value team consists of two portfolio managers and two dedicated analysts in what is a highly collaborative process. The team is supported by Jennison’s broader research staff, 11 of whom are active contributors to the Large Cap Value strategy. While decision-making is a team process that involves ongoing collaboration and debate between the portfolio manager and analysts, the portfolio manager makes final investment decisions.

Warren Koontz, Jr., CFA

Managing Director

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Head of Value Equity

Joseph C. Esposito, CFA

Managing Director

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Information Technology

Neil P. Brown, CFA

Managing Director

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Oil & Gas E&Ps, Integrateds & Refining

Brannon P. Cook

Managing Director

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Global Industrials/Transportation Infrastructure

Insoo Kim, CFA

Managing Director

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North American Utilities and Renewable Energy

Stephen J. Maresca, CFA

Managing Director

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Midstream Infrastructure

Robert Petrie

Managing Director

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Media, US & European Telecommunications, Health Care

Wei Zhang

Managing Director

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Consumer Staples, Semiconductor Capital Equipment

Owuraka Koney, CFA

Managing Director

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Industrials

Jonathan M. Shapiro

Managing Director

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REITs

Jesse Chai, CFA

Managing Director

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Asia-Pacific Industrials and Infrastructure

Steven A. Gavios

Managing Director

Alina Koval

Managing Director

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Materials & Industrials

Christopher P. Pelinsky

Managing Director

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Consumer Discretionary & REITs

Jay Saunders

Managing Director

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Oil & Gas Equipment & Svcs., Metals & Mining, Macro Commodity Analysis

Benjamin F. Bryan, CFA

Managing Director

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Multi-Cap Generalist

Nick Rubinstein

Managing Director

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Technology

Andrew M. Tucker, CFA

Managing Director

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Financials

Abhi Kamerkar

Managing Director

Daniel J. Nichols

Managing Director

Equity

LARGE CAP VALUE

Focused on companies whose intrinsic value increases over time

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