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 |
COUP
Coupa Software Incorporated
COUP
|
+$628M |
| 2 |
Boston Scientific
BSX
|
+$399M |
| 3 |
Eli Lilly
LLY
|
+$366M |
| 4 |
Apple
AAPL
|
+$304M |
| 5 |
Shopify
SHOP
|
+$294M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$741M |
| 2 |
Meta Platforms (Facebook)
META
|
+$537M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$487M |
| 4 |
American Tower
AMT
|
+$449M |
| 5 |
Workday
WDAY
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.36% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.26% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Norfolk Southern
NSC
$75B
| $21.2M | 0.02% |
109,293
+64,457
| +144% | +$12.1M |
|
302
Wingstop
WING
$3.66B
| $21M | 0.02% |
243,854
-3,761
| -2% | -$312K |
|
|
ICPT
303
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $20.9M | 0.02% |
168,706
+1,039
| +0.6% | +$93K |
|
304
Enerpac Tool Group
EPAC
$1.86B
| $20.7M | 0.02% |
797,066
+56,206
| +8% | +$1.37M |
|
|
XENT
305
DELISTED
Intersect ENT, Inc
XENT
| $20.4M | 0.02% |
820,608
+232,765
| +40% | +$4.72M |
|
306
EOG Resources
EOG
$77.5B
| $20.4M | 0.02% |
243,263
-796,719
| -77% | -$58.4M |
|
307
JELD-WEN Holding
JELD
$117M
| $20.3M | 0.02% |
868,187
-596,113
| -41% | -$12.3M |
|
308
Newmont
NEM
$101B
| $20.3M | 0.02% |
467,100
-115,886
| -20% | -$4.53M |
|
309
Trinity Industries
TRN
$2.73B
| $20.2M | 0.02% |
912,448
-131,435
| -13% | -$2.68M |
|
310
Cooper Companies
COO
$14.2B
| $20.1M | 0.02% |
250,352
+21,948
| +10% | +$1.66M |
|
311
Microchip Technology
MCHP
$40.7B
| $20.1M | 0.02% |
383,548
-244,248
| -39% | -$11.8M |
|
|
EVBG
312
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $19.6M | 0.02% |
251,117
-84,115
| -25% | -$6.5M |
|
313
BHP
BHP
$218B
| $19.6M | 0.02% |
401,213
+23,295
| +6% | +$1.06M |
|
314
Valero Energy
VLO
$92.6B
| $19.5M | 0.02% |
208,305
-241,115
| -54% | -$22.8M |
|
315
ConocoPhillips
COP
$145B
| $19.4M | 0.02% |
298,820
+114,520
| +62% | +$6.73M |
|
316
Armstrong World Industries
AWI
$7.37B
| $19.4M | 0.02% |
206,435
+110,201
| +115% | +$10.5M |
|
317
Goosehead Insurance
GSHD
$2.27B
| $19.4M | 0.02% |
456,645
-7,675
| -2% | -$340K |
|
318
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $19M | 0.02% |
+200,000
| New | +$17.3M |
|
|
WBT
319
DELISTED
Welbilt, Inc.
WBT
| $18.9M | 0.02% |
1,211,241
+12,657
| +1% | +$217K |
|
|
SRE.PRA
320
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $18.8M | 0.02% |
156,694
-70,404
| -31% | -$8.29M |
|
321
TechnipFMC
FTI
$27.5B
| $18.6M | 0.02% |
1,167,330
-771,793
| -40% | -$12M |
|
322
Houlihan Lokey
HLI
$8.97B
| $18.6M | 0.02% |
380,404
+35,658
| +10% | +$1.68M |
|
323
Nordson
NDSN
$16.4B
| $18.6M | 0.02% |
+114,022
| New | +$18M |
|
324
Huron Consulting
HURN
$2.61B
| $18.4M | 0.02% |
268,015
-51,704
| -16% | -$3.36M |
|
|
LVGO
325
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $18.4M | 0.02% |
734,712
+372,449
| +103% | +$8.91M |
|
Similar funds
Jennison Associates's Q4 2019 Portfolio in Review
As of Q4 2019, Jennison Associates held 706 positions worth $99.1B, up 4.7% from $94.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Jennison Associates withdrew a net $6.18B in Q4 2019, closing 88 positions and reducing 342 holdings. Its most notable exit was Hexcel, an estimated $85.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in RingCentral worth $117M.
- Jennison Associates's largest Q4 2019 buy was RingCentral: 694,616 shares worth $117M.
- Jennison Associates added most to Coupa Software Incorporated in Q4 2019, an estimated $628M increase.
- Jennison Associates's biggest Q4 2019 reduction was Boeing, cutting an estimated $741M.
- Jennison Associates fully exited Hexcel in Q4 2019, selling an estimated $85.1M.
- Jennison Associates's ten largest holdings make up 34% of its $99.1B portfolio in Q4 2019.
- Jennison Associates opened 70 new positions and closed 88 in Q4 2019.
- Jennison Associates's portfolio value rose 4.7% quarter-over-quarter to $99.1B.
Based on Jennison Associates's 13F filing for Q4 2019, filed 7 Feb 2020.