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 |
lululemon athletica
LULU
|
+$545M |
| 2 |
Danaher
DHR
|
+$429M |
| 3 |
PayPal
PYPL
|
+$426M |
| 4 |
XYZ
Block Inc
XYZ
|
+$397M |
| 5 |
Intuitive Surgical
ISRG
|
+$389M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$724M |
| 2 |
McDonald's
MCD
|
+$704M |
| 3 |
UnitedHealth
UNH
|
+$675M |
| 4 |
JPMorgan Chase
JPM
|
+$570M |
| 5 |
Booking.com
BKNG
|
+$559M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.98% |
| 2 | Healthcare | 17.07% |
| 3 | Consumer Discretionary | 16.52% |
| 4 | Financials | 12.13% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TRHC
226
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $50M | 0.05% |
885,611
+130,137
| +17% | +$7.75M |
|
|
PINC
227
DELISTED
Premier
PINC
| $49.3M | 0.05% |
1,430,572
-479,313
| -25% | -$17.7M |
|
228
TechnipFMC
FTI
$28.1B
| $49.1M | 0.05% |
2,805,286
+11,822
| +0.4% | +$200K |
|
229
Teck Resources
TECK
$29.6B
| $48.7M | 0.05% |
2,101,280
+1,379,898
| +191% | +$31.1M |
|
230
Assembly Biosciences
ASMB
$498M
| $48.7M | 0.05% |
206,090
-259
| -0.1% | -$65.6K |
|
231
Merit Medical Systems
MMSI
$5.08B
| $48.5M | 0.05% |
784,955
+177,811
| +29% | +$10.1M |
|
232
Amphenol
APH
$198B
| $48M | 0.05% |
2,031,504
-921,548
| -31% | -$20.6M |
|
233
Cintas
CTAS
$81.9B
| $47.6M | 0.05% |
941,992
-76,552
| -8% | -$3.71M |
|
234
Avient
AVNT
$3.33B
| $47.2M | 0.05% |
1,610,791
-43,217
| -3% | -$1.36M |
|
|
CTLT
235
DELISTED
CATALENT, INC.
CTLT
| $46.4M | 0.05% |
1,144,098
-468
| -0% | -$18.3K |
|
236
Bright Horizons
BFAM
$3.92B
| $46M | 0.05% |
361,556
-24,097
| -6% | -$2.87M |
|
237
Verisk Analytics
VRSK
$25.4B
| $45.6M | 0.05% |
343,149
+38,908
| +13% | +$4.73M |
|
238
BHP
BHP
$215B
| $45.5M | 0.05% |
933,988
-313,464
| -25% | -$14.3M |
|
239
Affiliated Managers Group
AMG
$9.69B
| $45.4M | 0.05% |
424,116
-186,410
| -31% | -$19.8M |
|
|
ADSW
240
DELISTED
Advanced Disposal Services Inc
ADSW
| $45.2M | 0.04% |
1,614,422
-250,130
| -13% | -$6.51M |
|
241
Microchip Technology
MCHP
$40.3B
| $45.1M | 0.04% |
1,088,378
-132,108
| -11% | -$5.47M |
|
|
NEWR
242
DELISTED
New Relic, Inc.
NEWR
| $45M | 0.04% |
456,024
+72,213
| +19% | +$7.15M |
|
243
Boston Properties
BXP
$11.2B
| $44.8M | 0.04% |
334,818
+195,067
| +140% | +$25.1M |
|
244
Texas Roadhouse
TXRH
$13.5B
| $44.8M | 0.04% |
719,589
-137,146
| -16% | -$8.58M |
|
245
Conagra Brands
CAG
$6.94B
| $44.6M | 0.04% |
1,607,144
-423,175
| -21% | -$9.7M |
|
|
BLUE
246
DELISTED
bluebird bio
BLUE
| $44.5M | 0.04% |
21,836
-41
| -0.2% | -$72.2K |
|
247
Integra LifeSciences
IART
$1.29B
| $44.1M | 0.04% |
791,604
-68,333
| -8% | -$3.48M |
|
248
Energy Transfer Partners
ET
$70.1B
| $44.1M | 0.04% |
2,866,095
+75,826
| +3% | +$1.13M |
|
249
Fortive
FTV
$17.9B
| $43.3M | 0.04% |
818,854
-221,966
| -21% | -$10.8M |
|
250
Enterprise Products Partners
EPD
$82.3B
| $43.2M | 0.04% |
1,486,160
+37,134
| +3% | +$1.04M |
|
Similar funds
Jennison Associates's Q1 2019 Portfolio in Review
As of Q1 2019, Jennison Associates held 723 positions worth $101B, up 13% from $89.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Jennison Associates withdrew a net $3.72B in Q1 2019, closing 96 positions and reducing 294 holdings. Its most notable exit was Booking.com, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Danaher worth $490M.
- Jennison Associates's largest Q1 2019 buy was Danaher: 4,186,042 shares worth $490M.
- Jennison Associates added most to lululemon athletica in Q1 2019, an estimated $545M increase.
- Jennison Associates's biggest Q1 2019 reduction was Goldman Sachs, cutting an estimated $724M.
- Jennison Associates fully exited Booking.com in Q1 2019, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 31% of its $101B portfolio in Q1 2019.
- Jennison Associates opened 83 new positions and closed 96 in Q1 2019.
- Jennison Associates's portfolio value rose 13% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2019, filed 10 May 2019.