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 |
Shopify
SHOP
|
+$447M |
| 2 |
Apple
AAPL
|
+$435M |
| 3 |
DexCom
DXCM
|
+$411M |
| 4 |
EXAS
Exact Sciences
EXAS
|
+$242M |
| 5 |
Walt Disney
DIS
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$786M |
| 2 |
Microsoft
MSFT
|
+$437M |
| 3 |
PayPal
PYPL
|
+$422M |
| 4 |
XYZ
Block Inc
XYZ
|
+$401M |
| 5 |
Illumina
ILMN
|
+$345M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.9% |
| 2 | Consumer Discretionary | 17.13% |
| 3 | Healthcare | 13.93% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Dollar Tree
DLTR
$24.7B
| $38.7M | 0.04% |
+339,101
| New | +$35.5M |
|
227
NRG Energy
NRG
$28.3B
| $38.7M | 0.04% |
976,989
| – | – |
|
228
Valero Energy
VLO
$92.6B
| $38.3M | 0.04% |
449,420
-68,311
| -13% | -$5.52M |
|
229
Ingersoll Rand
IR
$33B
| $37.6M | 0.04% |
1,327,584
-237,692
| -15% | -$7.35M |
|
230
Amphenol
APH
$197B
| $37.4M | 0.04% |
1,551,064
-318,056
| -17% | -$7.33M |
|
|
CXP
231
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $37.1M | 0.04% |
1,753,474
-715,347
| -29% | -$15.3M |
|
|
ROIC
232
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $36.6M | 0.04% |
2,009,594
-148,004
| -7% | -$2.65M |
|
233
Moody's
MCO
$83.5B
| $36.6M | 0.04% |
178,807
-991
| -0.6% | -$208K |
|
|
IMMU
234
DELISTED
Immunomedics Inc
IMMU
| $36.5M | 0.04% |
2,751,940
-257,298
| -9% | -$3.78M |
|
235
Brighthouse Financial
BHF
$3.64B
| $35.5M | 0.04% |
878,118
-283,955
| -24% | -$10.6M |
|
236
Liberty Global Class C
LBTYK
$3.49B
| $35.1M | 0.04% |
1,474,331
-1,667,381
| -53% | -$43.4M |
|
237
Cousins Properties
CUZ
$5.25B
| $35.1M | 0.04% |
932,606
+33,359
| +4% | +$1.19M |
|
238
TechnipFMC
FTI
$27.5B
| $34.8M | 0.04% |
1,939,123
-394,948
| -17% | -$7.37M |
|
239
Insulet
PODD
$11.5B
| $34.5M | 0.04% |
209,196
-74,621
| -26% | -$10.5M |
|
240
Paycom
PAYC
$7.53B
| $34.2M | 0.04% |
163,077
-22,703
| -12% | -$5.3M |
|
241
AES
AES
$10.6B
| $34M | 0.04% |
+2,083,236
| New | +$33.6M |
|
|
SILK
242
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $34M | 0.04% |
1,043,886
+617,337
| +145% | +$24.6M |
|
243
L3Harris
LHX
$50.7B
| $33.8M | 0.04% |
+162,236
| New | +$33.2M |
|
244
Advance Auto Parts
AAP
$3.39B
| $33.6M | 0.04% |
203,046
-114,024
| -36% | -$17.1M |
|
245
Wells Fargo
WFC
$258B
| $33M | 0.03% |
653,550
-68,694
| -10% | -$3.24M |
|
246
Atlantic Union Bankshares
AUB
$6B
| $32.5M | 0.03% |
873,437
-43,088
| -5% | -$1.57M |
|
247
Elevance Health
ELV
$81.6B
| $32.5M | 0.03% |
135,210
-80,589
| -37% | -$22.1M |
|
|
NSA
248
DELISTED
National Storage Affiliates Trust
NSA
| $31.9M | 0.03% |
955,131
-36,619
| -4% | -$1.16M |
|
249
Azenta
AZTA
$1.33B
| $31.9M | 0.03% |
860,338
-239,537
| -22% | -$8.68M |
|
250
Korn Ferry
KFY
$4.18B
| $31.7M | 0.03% |
821,471
-266,393
| -24% | -$10.3M |
|
Similar funds
Jennison Associates's Q3 2019 Portfolio in Review
As of Q3 2019, Jennison Associates held 720 positions worth $94.7B, down 6.1% from $101B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Jennison Associates withdrew a net $4.41B in Q3 2019, closing 84 positions and reducing 378 holdings. Its most notable exit was Worldpay, Inc., an estimated $95.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Peloton Interactive worth $91.8M.
- Jennison Associates's largest Q3 2019 buy was Peloton Interactive: 3,659,219 shares worth $91.8M.
- Jennison Associates added most to Shopify in Q3 2019, an estimated $447M increase.
- Jennison Associates's biggest Q3 2019 reduction was Alexion Pharmaceuticals, cutting an estimated $786M.
- Jennison Associates fully exited Worldpay, Inc. in Q3 2019, selling an estimated $95.3M.
- Jennison Associates's ten largest holdings make up 33% of its $94.7B portfolio in Q3 2019.
- Jennison Associates opened 78 new positions and closed 84 in Q3 2019.
- Jennison Associates's portfolio value fell 6.1% quarter-over-quarter to $94.7B.
Based on Jennison Associates's 13F filing for Q3 2019, filed 8 Nov 2019.