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 |
COUP
Coupa Software Incorporated
COUP
|
+$628M |
| 2 |
Boston Scientific
BSX
|
+$399M |
| 3 |
Eli Lilly
LLY
|
+$366M |
| 4 |
Apple
AAPL
|
+$304M |
| 5 |
Shopify
SHOP
|
+$294M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$741M |
| 2 |
Meta Platforms (Facebook)
META
|
+$537M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$487M |
| 4 |
American Tower
AMT
|
+$449M |
| 5 |
Workday
WDAY
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.36% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.26% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TRHC
226
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $35.7M | 0.04% |
732,910
-32,160
| -4% | -$1.51M |
|
227
Palo Alto Networks
PANW
$265B
| $35.7M | 0.04% |
925,308
-243,648
| -21% | -$9.21M |
|
228
IDEX
IEX
$17.3B
| $35.2M | 0.04% |
204,451
-53,973
| -21% | -$8.73M |
|
229
Azenta
AZTA
$1.33B
| $35.1M | 0.04% |
835,765
-24,573
| -3% | -$1.03M |
|
230
Duke Energy
DUK
$98.4B
| $35M | 0.04% |
+383,189
| New | +$35.1M |
|
231
Moody's
MCO
$83.5B
| $34.8M | 0.04% |
146,683
-32,124
| -18% | -$7.14M |
|
232
Emergent Biosolutions
EBS
$375M
| $34.6M | 0.03% |
642,047
+59,938
| +10% | +$3.25M |
|
|
PPL
233
PPL Corp
PPL
$26.8B
| $34.2M | 0.03% |
+953,686
| New | +$32M |
|
234
L3Harris
LHX
$50.7B
| $34.2M | 0.03% |
172,858
+10,622
| +7% | +$2.13M |
|
|
SYNH
235
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $34.1M | 0.03% |
573,428
+280,734
| +96% | +$15.1M |
|
|
TPTX
236
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $34M | 0.03% |
545,450
+227,258
| +71% | +$10.8M |
|
|
APLS
237
DELISTED
Apellis Pharmaceuticals
APLS
| $33.8M | 0.03% |
1,105,031
+6,676
| +0.6% | +$185K |
|
238
Pebblebrook Hotel Trust
PEB
$2.12B
| $33.7M | 0.03% |
1,255,861
-236,439
| -16% | -$6.23M |
|
239
Enviri
NVRI
$624M
| $33.3M | 0.03% |
1,445,640
+398,560
| +38% | +$8.33M |
|
240
Tower Semiconductor
TSEM
$23.9B
| $32.8M | 0.03% |
1,362,918
+970,075
| +247% | +$21.8M |
|
241
Cisco
CSCO
$448B
| $32.5M | 0.03% |
677,199
-787,856
| -54% | -$36.6M |
|
242
Atlantic Union Bankshares
AUB
$6B
| $32.4M | 0.03% |
864,029
-9,408
| -1% | -$354K |
|
243
HDFC Bank
HDB
$124B
| $32.4M | 0.03% |
1,021,254
-3,353,766
| -77% | -$102M |
|
244
PENN Entertainment
PENN
$2.75B
| $32.3M | 0.03% |
1,261,825
+7,112
| +0.6% | +$158K |
|
245
Church & Dwight Co
CHD
$23.1B
| $31.8M | 0.03% |
452,560
-255,627
| -36% | -$18.2M |
|
246
Aptiv
APTV
$12.3B
| $31.8M | 0.03% |
335,043
+31,480
| +10% | +$2.88M |
|
247
Brighthouse Financial
BHF
$3.64B
| $31.7M | 0.03% |
808,879
-69,239
| -8% | -$2.73M |
|
|
NSA
248
DELISTED
National Storage Affiliates Trust
NSA
| $31.6M | 0.03% |
939,656
-15,475
| -2% | -$519K |
|
249
Paycom
PAYC
$7.53B
| $31.6M | 0.03% |
119,285
-43,792
| -27% | -$10.4M |
|
|
IPHI
250
DELISTED
INPHI CORPORATION
IPHI
| $31.5M | 0.03% |
425,525
-4,497
| -1% | -$309K |
|
Similar funds
Jennison Associates's Q4 2019 Portfolio in Review
As of Q4 2019, Jennison Associates held 706 positions worth $99.1B, up 4.7% from $94.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Jennison Associates withdrew a net $6.18B in Q4 2019, closing 88 positions and reducing 342 holdings. Its most notable exit was Hexcel, an estimated $85.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in RingCentral worth $117M.
- Jennison Associates's largest Q4 2019 buy was RingCentral: 694,616 shares worth $117M.
- Jennison Associates added most to Coupa Software Incorporated in Q4 2019, an estimated $628M increase.
- Jennison Associates's biggest Q4 2019 reduction was Boeing, cutting an estimated $741M.
- Jennison Associates fully exited Hexcel in Q4 2019, selling an estimated $85.1M.
- Jennison Associates's ten largest holdings make up 34% of its $99.1B portfolio in Q4 2019.
- Jennison Associates opened 70 new positions and closed 88 in Q4 2019.
- Jennison Associates's portfolio value rose 4.7% quarter-over-quarter to $99.1B.
Based on Jennison Associates's 13F filing for Q4 2019, filed 7 Feb 2020.