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 | |
|---|---|---|---|---|---|---|
276
Freshpet
FRPT
$3.28B
| $17.4M | 0.02% |
272,130
+173,083
| +175% | +$11.1M |
|
|
TXNM
277
TXNM Energy Inc
TXNM
$5.92B
| $17.3M | 0.02% |
455,710
+136,350
| +43% | +$6.61M |
|
278
NextCure
NXTC
$22.7M
| $17.2M | 0.02% |
38,703
+30,370
| +364% | +$16.2M |
|
279
Pinterest
PINS
$13.2B
| $16.9M | 0.02% |
1,092,638
+452,545
| +71% | +$8.81M |
|
280
AppFolio
APPF
$6.87B
| $16.5M | 0.02% |
149,145
+28,656
| +24% | +$3.42M |
|
281
Cactus
WHD
$5.5B
| $16.4M | 0.02% |
1,416,685
-91,504
| -6% | -$2.3M |
|
|
MNTA
282
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $16.4M | 0.02% |
603,696
+3,696
| +0.6% | +$103K |
|
283
Enerpac Tool Group
EPAC
$1.92B
| $16.1M | 0.02% |
972,288
+175,222
| +22% | +$3.89M |
|
284
Analog Devices
ADI
$184B
| $15.9M | 0.02% |
177,008
-210,996
| -54% | -$23.1M |
|
285
Jack in the Box
JACK
$331M
| $15.7M | 0.02% |
+448,424
| New | +$30.5M |
|
286
Cardlytics
CDLX
$20.4M
| $15.5M | 0.02% |
44,379
-3,850
| -8% | -$2.73M |
|
|
SGEN
287
DELISTED
Seagen Inc. Common Stock
SGEN
| $15.5M | 0.02% |
+134,247
| New | +$14.9M |
|
288
Paycom
PAYC
$10.1B
| $15.1M | 0.02% |
74,585
-44,700
| -37% | -$12.3M |
|
289
Boot Barn
BOOT
$4.97B
| $15M | 0.02% |
1,162,935
+264,664
| +29% | +$8.44M |
|
|
PSXP
290
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $15M | 0.02% |
412,603
+219,776
| +114% | +$11.7M |
|
291
Madrigal Pharmaceuticals
MDGL
$11.8B
| $15M | 0.02% |
224,934
-51,496
| -19% | -$4.29M |
|
292
Cheniere Energy
CQP
$32B
| $15M | 0.02% |
554,434
-59,348
| -10% | -$2.03M |
|
293
Lazard
LAZ
$4.22B
| $14.7M | 0.02% |
623,313
+232
| +0% | +$8.59K |
|
294
Trinity Industries
TRN
$2.47B
| $14.6M | 0.02% |
907,734
-4,714
| -0.5% | -$94.3K |
|
|
PPD
295
DELISTED
PPD, Inc. Common Stock
PPD
| $14.5M | 0.02% |
+816,655
| New | +$20.5M |
|
|
SRE.PRA
296
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $14.4M | 0.02% |
155,443
-1,251
| -0.8% | -$143K |
|
297
Alexandria Real Estate Equities
ARE
$8.34B
| $14.4M | 0.02% |
+104,722
| New | +$16.4M |
|
298
ProQR Therapeutics
PRQR
$268M
| $14.3M | 0.02% |
2,612,306
-18,320
| -0.7% | -$141K |
|
299
Monro
MNRO
$388M
| $14.3M | 0.02% |
325,447
-296
| -0.1% | -$17.9K |
|
300
Lamb Weston
LW
$7.16B
| $14M | 0.02% |
245,369
-94,989
| -28% | -$7.81M |
|
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.