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 | |
|---|---|---|---|---|---|---|
|
SRE.PRA
276
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $26.8M | 0.03% |
227,098
+1,188
| +0.5% | +$136K |
|
|
FOE
277
DELISTED
Ferro Corporation
FOE
| $26.8M | 0.03% |
2,262,388
-410,236
| -15% | -$5.2M |
|
|
BAND
278
Bandwidth Inc
BAND
$1.25B
| $26.8M | 0.03% |
411,846
+27,920
| +7% | +$2.18M |
|
279
Aptiv
APTV
$12.3B
| $26.5M | 0.03% |
303,563
-1,630
| -0.5% | -$136K |
|
|
APLS
280
DELISTED
Apellis Pharmaceuticals
APLS
| $26.5M | 0.03% |
1,098,355
+175,111
| +19% | +$4.82M |
|
281
Prologis
PLD
$136B
| $26.3M | 0.03% |
308,646
-6,886
| -2% | -$570K |
|
|
IPHI
282
DELISTED
INPHI CORPORATION
IPHI
| $26.3M | 0.03% |
430,022
-16,231
| -4% | -$989K |
|
283
Monro
MNRO
$421M
| $26.2M | 0.03% |
331,210
-11,180
| -3% | -$895K |
|
284
Lazard
LAZ
$4.09B
| $25.5M | 0.03% |
727,547
-47,791
| -6% | -$1.69M |
|
285
Advanced Micro Devices
AMD
$791B
| $25M | 0.03% |
862,523
-135,233
| -14% | -$4.24M |
|
286
First Bancorp
FBNC
$2.61B
| $25M | 0.03% |
695,770
-30,090
| -4% | -$1.08M |
|
287
argenx
ARGX
$54.6B
| $24.9M | 0.03% |
218,434
-158,674
| -42% | -$21.5M |
|
288
Elanco Animal Health
ELAN
$13.2B
| $24.4M | 0.03% |
916,413
-11,927
| -1% | -$358K |
|
289
MPLX
MPLX
$58.5B
| $24.4M | 0.03% |
869,412
+460,306
| +113% | +$13.5M |
|
290
Varonis Systems
VRNS
$4.58B
| $24.3M | 0.03% |
1,221,522
-67,281
| -5% | -$1.5M |
|
|
STI
291
DELISTED
SunTrust Banks, Inc.
STI
| $23.9M | 0.03% |
347,083
-1,350
| -0.4% | -$86.4K |
|
292
Weyerhaeuser
WY
$16.9B
| $23.9M | 0.03% |
861,483
-236,452
| -22% | -$6.17M |
|
293
Madrigal Pharmaceuticals
MDGL
$11.4B
| $23.8M | 0.03% |
275,689
-29,204
| -10% | -$2.74M |
|
294
Cardlytics
CDLX
$22.1M
| $23.6M | 0.02% |
70,272
-47,895
| -41% | -$15.4M |
|
295
American Express
AXP
$228B
| $23.5M | 0.02% |
198,566
-3,917
| -2% | -$480K |
|
296
PENN Entertainment
PENN
$2.75B
| $23.4M | 0.02% |
1,254,713
-74,873
| -6% | -$1.42M |
|
297
Adicet Bio
ACET
$84.7M
| $23.3M | 0.02% |
23,504
-1,635
| -7% | -$1.83M |
|
298
Assembly Biosciences
ASMB
$516M
| $23M | 0.02% |
195,032
-17,938
| -8% | -$2.71M |
|
299
Goosehead Insurance
GSHD
$2.27B
| $22.9M | 0.02% |
464,320
-20,975
| -4% | -$964K |
|
300
Newmont
NEM
$101B
| $22.1M | 0.02% |
582,986
+217,006
| +59% | +$8.43M |
|
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.