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 | |
|---|---|---|---|---|---|---|
251
Q2 Holdings
QTWO
$3.7B
| $31.6M | 0.03% |
401,174
-16,631
| -4% | -$1.37M |
|
252
Lockheed Martin
LMT
$132B
| $31.6M | 0.03% |
81,025
-1,728
| -2% | -$650K |
|
253
Merit Medical Systems
MMSI
$4.97B
| $31.5M | 0.03% |
1,033,971
+99,016
| +11% | +$4.01M |
|
254
Byline Bancorp
BY
$1.78B
| $31.2M | 0.03% |
1,746,446
-79,947
| -4% | -$1.45M |
|
|
GWPH
255
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $31M | 0.03% |
269,865
-169,090
| -39% | -$25.7M |
|
256
Diamondback Energy
FANG
$56.2B
| $30.7M | 0.03% |
341,027
+61,860
| +22% | +$6.15M |
|
|
HT
257
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $30.5M | 0.03% |
2,048,951
-435,052
| -18% | -$6.64M |
|
|
DNKN
258
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $30.5M | 0.03% |
383,757
-2,063
| -0.5% | -$168K |
|
259
Emergent Biosolutions
EBS
$375M
| $30.4M | 0.03% |
582,109
+19,988
| +4% | +$931K |
|
260
Plains All American Pipeline
PAA
$17.5B
| $30.4M | 0.03% |
1,465,910
+33,639
| +2% | +$761K |
|
|
DHR.PRA
261
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $30.3M | 0.03% |
26,583
+6,640
| +33% | +$7.52M |
|
262
Independence Realty Trust
IRT
$3.93B
| $29.9M | 0.03% |
2,092,457
-53,779
| -3% | -$707K |
|
263
Acadia Healthcare
ACHC
$2.62B
| $29.2M | 0.03% |
938,338
+327,347
| +54% | +$9.97M |
|
264
Microchip Technology
MCHP
$40.7B
| $29.2M | 0.03% |
627,796
-521,384
| -45% | -$23.6M |
|
265
MaxLinear
MXL
$6.07B
| $29M | 0.03% |
1,294,273
-38,146
| -3% | -$845K |
|
266
IMAX
IMAX
$2.61B
| $28.9M | 0.03% |
1,315,406
-664,785
| -34% | -$14.1M |
|
267
Trane Technologies
TT
$97.3B
| $28.7M | 0.03% |
233,012
+149,254
| +178% | +$18.2M |
|
268
JB Hunt Transport Services
JBHT
$25.3B
| $28.4M | 0.03% |
256,450
-1,377
| -0.5% | -$142K |
|
269
Novartis
NVS
$301B
| $28.3M | 0.03% |
+325,281
| New | +$29.2M |
|
270
JELD-WEN Holding
JELD
$117M
| $28.2M | 0.03% |
1,464,300
-51,608
| -3% | -$998K |
|
271
Cheniere Energy
CQP
$31.5B
| $28.2M | 0.03% |
618,990
+14,097
| +2% | +$626K |
|
272
US Foods
USFD
$22.1B
| $27.3M | 0.03% |
664,853
-368,362
| -36% | -$14.2M |
|
273
Avantor
AVTR
$9.37B
| $27.2M | 0.03% |
1,849,434
-2,091,188
| -53% | -$35.4M |
|
274
AMC Global Media
AMCX
$427M
| $27.1M | 0.03% |
550,875
-50,096
| -8% | -$2.58M |
|
275
Philip Morris
PM
$299B
| $27M | 0.03% |
354,987
-407,957
| -53% | -$32.3M |
|
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.