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 | |
|---|---|---|---|---|---|---|
301
Trex
TREX
$4.93B
| $13.7M | 0.02% |
341,284
+5,870
| +2% | +$275K |
|
302
Adecoagro
AGRO
$1.35B
| $13.6M | 0.02% |
3,494,007
+27,961
| +0.8% | +$191K |
|
303
HealthEquity
HQY
$8.65B
| $13.5M | 0.02% |
265,955
+67,098
| +34% | +$4.46M |
|
304
Zimmer Biomet
ZBH
$18.8B
| $13.4M | 0.02% |
136,419
-1,055,697
| -89% | -$138M |
|
305
Zai Lab
ZLAB
$2.36B
| $13.3M | 0.02% |
259,306
+3,547
| +1% | +$185K |
|
306
Sprouts Farmers Market
SFM
$8.13B
| $13.3M | 0.02% |
+717,872
| New | +$12M |
|
307
Howard Hughes
HHH
$4.06B
| $13.2M | 0.02% |
274,218
-204,623
| -43% | -$20.5M |
|
308
Cognex
CGNX
$11.2B
| $12.9M | 0.02% |
304,862
+41,289
| +16% | +$2.07M |
|
309
Huron Consulting
HURN
$2.39B
| $12.8M | 0.02% |
282,856
+14,841
| +6% | +$896K |
|
310
Cisco
CSCO
$476B
| $12.6M | 0.02% |
321,046
-356,153
| -53% | -$15.6M |
|
|
FOCS
311
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $12.6M | 0.02% |
548,240
+8,708
| +2% | +$231K |
|
312
Genmab
GMAB
$18.3B
| $12.6M | 0.02% |
+595,282
| New | +$13.3M |
|
313
nLIGHT
LASR
$4.26B
| $12.5M | 0.02% |
1,188,961
+31,879
| +3% | +$544K |
|
314
BHP
BHP
$223B
| $12.5M | 0.02% |
380,619
-20,594
| -5% | -$860K |
|
315
Vodafone
VOD
$37B
| $12.4M | 0.02% |
897,062
-6,252
| -0.7% | -$112K |
|
|
EE
316
DELISTED
El Paso Electric Company
EE
| $12.2M | 0.01% |
180,001
-16,731
| -9% | -$1.13M |
|
317
Stanley Black & Decker
SWK
$15.3B
| $12.2M | 0.01% |
122,080
-16,882
| -12% | -$2.41M |
|
318
Renasant Corp
RNST
$3.96B
| $12.2M | 0.01% |
558,667
-52,093
| -9% | -$1.55M |
|
319
Moody's
MCO
$81.9B
| $11.9M | 0.01% |
56,482
-90,201
| -61% | -$21.9M |
|
320
Construction Partners
ROAD
$5.66B
| $11.8M | 0.01% |
699,088
-56,986
| -8% | -$947K |
|
321
Cintas
CTAS
$80.9B
| $11.6M | 0.01% |
268,496
-177,932
| -40% | -$11.6M |
|
|
MMP
322
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $11.2M | 0.01% |
307,354
+128,392
| +72% | +$6.89M |
|
323
Brighthouse Financial
BHF
$3.57B
| $11.1M | 0.01% |
460,540
-348,339
| -43% | -$12.3M |
|
324
Glaukos
GKOS
$10.1B
| $10.7M | 0.01% |
347,541
-212,603
| -38% | -$10.9M |
|
|
Y
325
DELISTED
Alleghany Corp
Y
| $10.7M | 0.01% |
19,295
+7,948
| +70% | +$5.72M |
|
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.