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 | |
|---|---|---|---|---|---|---|
301
JB Hunt Transport Services
JBHT
$25.5B
| $28.4M | 0.03% |
280,151
-22,393
| -7% | -$2.32M |
|
302
HealthEquity
HQY
$8.41B
| $28.3M | 0.03% |
383,138
+54,564
| +17% | +$3.84M |
|
303
BlackBerry
BB
$4.98B
| $28M | 0.03% |
2,777,724
-1,057
| -0% | -$8.89K |
|
304
Ligand Pharmaceuticals
LGND
$5.76B
| $27.9M | 0.03% |
355,961
+47,917
| +16% | +$3.63M |
|
|
EVOP
305
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $27.9M | 0.03% |
959,394
-430,380
| -31% | -$11.1M |
|
|
NSA
306
DELISTED
National Storage Affiliates Trust
NSA
| $27.5M | 0.03% |
963,714
-41,861
| -4% | -$1.16M |
|
|
PRTY
307
DELISTED
Party City Holdco Inc.
PRTY
| $27.3M | 0.03% |
3,440,383
-846,861
| -20% | -$8.78M |
|
|
EVBG
308
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $27.1M | 0.03% |
360,939
-52,463
| -13% | -$3.43M |
|
309
Wingstop
WING
$3.53B
| $27M | 0.03% |
354,499
+30,415
| +9% | +$2.07M |
|
|
BAND
310
Bandwidth Inc
BAND
$1.26B
| $26.9M | 0.03% |
401,501
+146,142
| +57% | +$7.68M |
|
311
Morgan Stanley
MS
$331B
| $26.7M | 0.03% |
633,061
-776,644
| -55% | -$32.7M |
|
312
MGP Ingredients
MGPI
$379M
| $26.6M | 0.03% |
345,284
+35,579
| +11% | +$2.6M |
|
|
STAY
313
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $26.6M | 0.03% |
1,479,143
+5,132
| +0.3% | +$89.2K |
|
314
US Foods
USFD
$22.2B
| $26.4M | 0.03% |
+757,121
| New | +$26M |
|
315
Aptiv
APTV
$12B
| $26.4M | 0.03% |
331,738
-113,124
| -25% | -$8.69M |
|
316
Sprouts Farmers Market
SFM
$8.13B
| $26.3M | 0.03% |
1,221,843
-1,072,747
| -47% | -$25.2M |
|
317
JELD-WEN Holding
JELD
$122M
| $26.3M | 0.03% |
1,488,574
+252,869
| +20% | +$4.55M |
|
|
VIAB
318
DELISTED
Viacom Inc. Class B
VIAB
| $26.2M | 0.03% |
931,779
-136,029
| -13% | -$3.9M |
|
319
Agios Pharmaceuticals
AGIO
$1.79B
| $26M | 0.03% |
384,890
+191,359
| +99% | +$11.1M |
|
320
Elanco Animal Health
ELAN
$13.2B
| $25.7M | 0.03% |
801,229
+119,777
| +18% | +$3.69M |
|
|
GRUB
321
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $25.4M | 0.03% |
182,909
+11,053
| +6% | +$1.71M |
|
322
Monro
MNRO
$383M
| $25.3M | 0.03% |
292,979
+18,764
| +7% | +$1.42M |
|
323
BioCryst Pharmaceuticals
BCRX
$2.28B
| $25.2M | 0.03% |
3,100,864
-697,989
| -18% | -$5.98M |
|
324
Marathon Petroleum
MPC
$92.4B
| $25.2M | 0.03% |
420,994
-19,773
| -4% | -$1.24M |
|
|
HUD
325
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $25.2M | 0.03% |
1,830,504
-37,492
| -2% | -$529K |
|
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.