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 | |
|---|---|---|---|---|---|---|
|
FISV
251
Fiserv Inc
FISV
$28.8B
| $43.2M | 0.04% |
489,210
+482,001
| +6,686% | +$39.8M |
|
252
Lamb Weston
LW
$7.22B
| $42.8M | 0.04% |
570,563
+108,045
| +23% | +$7.65M |
|
|
STI
253
DELISTED
SunTrust Banks, Inc.
STI
| $42.1M | 0.04% |
711,372
-44,395
| -6% | -$2.72M |
|
254
Spotify
SPOT
$103B
| $41.6M | 0.04% |
299,812
+191,918
| +178% | +$26.2M |
|
255
Church & Dwight Co
CHD
$23.4B
| $41.5M | 0.04% |
582,525
-179,492
| -24% | -$11.8M |
|
256
PG&E
PCG
$38.3B
| $41.4M | 0.04% |
2,325,928
+948,856
| +69% | +$15.3M |
|
|
EE
257
DELISTED
El Paso Electric Company
EE
| $41.1M | 0.04% |
698,076
-756,988
| -52% | -$40.8M |
|
258
Azenta
AZTA
$1.3B
| $40.8M | 0.04% |
1,390,053
+93,718
| +7% | +$2.82M |
|
259
Teladoc Health
TDOC
$1.22B
| $40.6M | 0.04% |
729,995
-11,594
| -2% | -$708K |
|
|
GLDD
260
DELISTED
Great Lakes Dredge & Dock
GLDD
| $40.4M | 0.04% |
4,531,793
-448,314
| -9% | -$3.49M |
|
|
VRNT
261
DELISTED
Verint Systems
VRNT
| $40.2M | 0.04% |
1,319,841
+1,738
| +0.1% | +$44.2K |
|
262
ProQR Therapeutics
PRQR
$243M
| $40.1M | 0.04% |
2,888,593
-106,712
| -4% | -$1.59M |
|
263
Align Technology
ALGN
$12.1B
| $39.5M | 0.04% |
138,861
-17,205
| -11% | -$4.11M |
|
264
Agnico Eagle Mines
AEM
$73.6B
| $39.4M | 0.04% |
905,582
-222,419
| -20% | -$9.41M |
|
265
Madrigal Pharmaceuticals
MDGL
$10.8B
| $39M | 0.04% |
311,020
+29,949
| +11% | +$3.72M |
|
266
Valero Energy
VLO
$90.1B
| $38.5M | 0.04% |
453,517
+192,720
| +74% | +$15.9M |
|
|
DNKN
267
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $38.4M | 0.04% |
510,892
+50,481
| +11% | +$3.53M |
|
268
Vulcan Materials
VMC
$34.8B
| $38M | 0.04% |
320,725
-72,212
| -18% | -$7.8M |
|
269
Adecoagro
AGRO
$1.44B
| $37.8M | 0.04% |
5,484,806
-630,714
| -10% | -$4.49M |
|
270
Etsy
ETSY
$7.75B
| $37.7M | 0.04% |
+560,303
| New | +$33.4M |
|
|
ZEN
271
DELISTED
ZENDESK INC
ZEN
| $37.1M | 0.04% |
436,047
-69,386
| -14% | -$5.09M |
|
272
Cactus
WHD
$5.21B
| $37M | 0.04% |
1,039,803
-10,466
| -1% | -$357K |
|
273
AMC Global Media
AMCX
$492M
| $36.1M | 0.04% |
635,284
+37,763
| +6% | +$2.32M |
|
274
Neurocrine Biosciences
NBIX
$16.8B
| $36M | 0.04% |
408,978
-17,256
| -4% | -$1.44M |
|
|
QTS
275
DELISTED
QTS REALTY TRUST, INC.
QTS
| $35.6M | 0.04% |
791,227
+381,819
| +93% | +$16M |
|
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.