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 | |
|---|---|---|---|---|---|---|
276
MaxLinear
MXL
$6.06B
| $35.6M | 0.04% |
1,392,798
-48,651
| -3% | -$1.06M |
|
277
Monolithic Power Systems
MPWR
$70.1B
| $35.5M | 0.04% |
262,293
-1,532
| -0.6% | -$201K |
|
278
Plains All American Pipeline
PAA
$17.3B
| $35.4M | 0.04% |
1,446,184
+14,229
| +1% | +$336K |
|
279
Cousins Properties
CUZ
$5.19B
| $34.9M | 0.03% |
902,338
+302,513
| +50% | +$11.1M |
|
280
Varonis Systems
VRNS
$4.59B
| $34.3M | 0.03% |
1,728,030
-2,151,096
| -55% | -$40.8M |
|
|
NVO
281
Novo Nordisk
NVO
$208B
| $34M | 0.03% |
+1,298,084
| New | +$31.9M |
|
282
Take-Two Interactive
TTWO
$45.4B
| $33.9M | 0.03% |
358,795
-28,736
| -7% | -$2.79M |
|
283
Byline Bancorp
BY
$1.78B
| $33.6M | 0.03% |
1,819,407
+156,259
| +9% | +$2.94M |
|
|
ROIC
284
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $33.3M | 0.03% |
1,922,587
-28,603
| -1% | -$489K |
|
285
Ameris Bancorp
ABCB
$5.85B
| $32.6M | 0.03% |
947,828
-2,780
| -0.3% | -$103K |
|
286
Teradata
TDC
$2.92B
| $32M | 0.03% |
733,626
+3,592
| +0.5% | +$161K |
|
287
Tractor Supply
TSCO
$16.1B
| $31.9M | 0.03% |
1,632,685
-370,990
| -19% | -$6.75M |
|
288
Lyft
LYFT
$6.02B
| $31.3M | 0.03% |
+400,000
| New | +$31.3M |
|
289
Walt Disney
DIS
$167B
| $30.7M | 0.03% |
276,514
+242,770
| +719% | +$27.1M |
|
290
Atlantic Union Bankshares
AUB
$6.02B
| $30.7M | 0.03% |
948,907
-16,630
| -2% | -$555K |
|
|
NLSN
291
DELISTED
Nielsen Holdings plc
NLSN
| $30.6M | 0.03% |
1,291,408
+612
| +0% | +$15.8K |
|
292
Laureate Education
LAUR
$5.28B
| $30.3M | 0.03% |
2,020,851
-2,263
| -0.1% | -$34.3K |
|
293
Q2 Holdings
QTWO
$3.8B
| $30.2M | 0.03% |
436,471
-24,061
| -5% | -$1.5M |
|
|
INN
294
Summit Hotel Properties
INN
$746M
| $30.2M | 0.03% |
2,648,911
-23,442
| -0.9% | -$259K |
|
295
Lazard
LAZ
$4.13B
| $29.9M | 0.03% |
828,201
-183,281
| -18% | -$6.89M |
|
296
Delta Air Lines
DAL
$57.5B
| $29.6M | 0.03% |
573,419
+51,265
| +10% | +$2.54M |
|
297
Republic Services
RSG
$64.8B
| $29.4M | 0.03% |
365,798
+61,843
| +20% | +$4.77M |
|
298
IDEX
IEX
$17B
| $29.2M | 0.03% |
192,151
-15,543
| -7% | -$2.2M |
|
299
Graphic Packaging
GPK
$3.17B
| $29.1M | 0.03% |
2,300,855
-2,391
| -0.1% | -$29K |
|
|
KYNB
300
Kyntra Bio
KYNB
$27.2M
| $28.6M | 0.03% |
21,014
-249
| -1% | -$338K |
|
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.