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 |
Eli Lilly
LLY
|
+$780M |
| 2 |
Uber
UBER
|
+$708M |
| 3 |
Goldman Sachs
GS
|
+$569M |
| 4 |
Microsoft
MSFT
|
+$430M |
| 5 |
Netflix
NFLX
|
+$415M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$973M |
| 2 |
Intuitive Surgical
ISRG
|
+$872M |
| 3 |
Nike
NKE
|
+$844M |
| 4 |
Edwards Lifesciences
EW
|
+$805M |
| 5 |
Corpay
CPAY
|
+$701M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.66% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Healthcare | 13.04% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 10.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AAMI
226
Acadian Asset Management
AAMI
$3.26B
| $25M | 0.03% |
3,912,779
-32,600
| -0.8% | -$281K |
|
227
Fate Therapeutics
FATE
$290M
| $24.9M | 0.03% |
1,119,375
-187,631
| -14% | -$4.75M |
|
228
Tower Semiconductor
TSEM
$25.4B
| $24.7M | 0.03% |
1,551,934
+189,016
| +14% | +$3.94M |
|
|
PPL
229
PPL Corp
PPL
$26B
| $24.4M | 0.03% |
988,709
+35,023
| +4% | +$1.13M |
|
230
Agnico Eagle Mines
AEM
$85B
| $24.3M | 0.03% |
611,806
-118,822
| -16% | -$6.26M |
|
231
Universal Display
OLED
$4.01B
| $24.3M | 0.03% |
184,123
-558,004
| -75% | -$96M |
|
232
Steven Madden
SHOO
$3.53B
| $24.2M | 0.03% |
1,041,595
-788,130
| -43% | -$27.3M |
|
233
Dow Inc
DOW
$21.9B
| $24.1M | 0.03% |
823,739
+379,830
| +86% | +$16.1M |
|
234
TotalEnergies
TTE
$191B
| $23.5M | 0.03% |
630,472
-50,198
| -7% | -$2.26M |
|
235
Agilent Technologies
A
$39.9B
| $23.3M | 0.03% |
325,639
+60
| +0% | +$4.82K |
|
|
TRHC
236
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $23.3M | 0.03% |
444,944
-287,966
| -39% | -$15.6M |
|
237
Wingstop
WING
$3.18B
| $23.2M | 0.03% |
291,548
+47,694
| +20% | +$4.08M |
|
238
Acadia Healthcare
ACHC
$2.86B
| $22.9M | 0.03% |
1,249,684
+59,108
| +5% | +$1.69M |
|
239
Microchip Technology
MCHP
$40.4B
| $22.7M | 0.03% |
668,862
+285,314
| +74% | +$13.4M |
|
240
Regeneron Pharmaceuticals
REGN
$79.5B
| $22.7M | 0.03% |
+46,400
| New | +$19.1M |
|
241
Nordson
NDSN
$17.2B
| $22.6M | 0.03% |
167,590
+53,568
| +47% | +$8.25M |
|
242
Amphenol
APH
$210B
| $22.6M | 0.03% |
1,238,152
-130,920
| -10% | -$3.12M |
|
243
Hilton Worldwide
HLT
$72.5B
| $22.4M | 0.03% |
327,532
-116,577
| -26% | -$11.4M |
|
244
Wintrust Financial
WTFC
$10.7B
| $21.6M | 0.03% |
656,909
+69,362
| +12% | +$3.85M |
|
245
Houlihan Lokey
HLI
$8.92B
| $21.4M | 0.03% |
410,790
+30,386
| +8% | +$1.58M |
|
246
Etsy
ETSY
$7.81B
| $21M | 0.03% |
547,159
+55,364
| +11% | +$2.7M |
|
247
Goosehead Insurance
GSHD
$2.37B
| $21M | 0.03% |
469,538
+12,893
| +3% | +$638K |
|
|
B
248
Barrick Mining
B
$69.3B
| $20.4M | 0.02% |
1,113,895
-398,860
| -26% | -$7.48M |
|
249
Starwood Property Trust
STWD
$5.91B
| $20.1M | 0.02% |
1,957,165
-292,707
| -13% | -$6.41M |
|
250
Philip Morris
PM
$293B
| $20M | 0.02% |
274,245
-26,329
| -9% | -$2.17M |
|
Similar funds
Jennison Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Jennison Associates held 749 positions worth $82.3B, down 17% from $99.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates withdrew a net $4.86B in Q1 2020, closing 131 positions and reducing 247 holdings. Its most notable exit was Parker-Hannifin, an estimated $116M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Atlassian worth $350M.
- Jennison Associates's largest Q1 2020 buy was Atlassian: 2,552,272 shares worth $350M.
- Jennison Associates added most to Eli Lilly in Q1 2020, an estimated $780M increase.
- Jennison Associates's biggest Q1 2020 reduction was Walt Disney, cutting an estimated $973M.
- Jennison Associates fully exited Parker-Hannifin in Q1 2020, selling an estimated $116M.
- Jennison Associates's ten largest holdings make up 40% of its $82.3B portfolio in Q1 2020.
- Jennison Associates opened 131 new positions and closed 131 in Q1 2020.
- Jennison Associates's portfolio value fell 17% quarter-over-quarter to $82.3B.
Based on Jennison Associates's 13F filing for Q1 2020, filed 6 May 2020.