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 | |
|---|---|---|---|---|---|---|
|
B
326
Barrick Mining
B
$61.5B
| $24.6M | 0.02% |
+1,792,717
| New | +$23.2M |
|
327
Keurig Dr Pepper
KDP
$42.3B
| $24.2M | 0.02% |
863,468
+391,603
| +83% | +$10.6M |
|
|
FTCH
328
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $24M | 0.02% |
893,472
-4,452,562
| -83% | -$99.8M |
|
329
Allogene Therapeutics
ALLO
$649M
| $24M | 0.02% |
829,728
-364
| -0% | -$10.6K |
|
330
Independence Realty Trust
IRT
$3.92B
| $23.9M | 0.02% |
2,218,420
-58,244
| -3% | -$599K |
|
331
GrafTech
EAF
$175M
| $23.6M | 0.02% |
184,413
-5,534
| -3% | -$735K |
|
332
CoreCivic
CXW
$2.96B
| $23.3M | 0.02% |
1,200,379
-62,148
| -5% | -$1.23M |
|
333
Inogen
INGN
$175M
| $23.3M | 0.02% |
243,907
+11,728
| +5% | +$1.46M |
|
334
MGM Resorts International
MGM
$11.4B
| $23.2M | 0.02% |
904,901
-24,082
| -3% | -$661K |
|
335
McCormick & Company Non-Voting
MKC
$13.7B
| $23.1M | 0.02% |
306,046
-13,156
| -4% | -$887K |
|
336
Mettler-Toledo International
MTD
$28.6B
| $22.8M | 0.02% |
31,602
-2,218
| -7% | -$1.44M |
|
|
BRSL
337
Brightstar Lottery PLC
BRSL
$1.84B
| $22.6M | 0.02% |
1,742,415
+47,238
| +3% | +$727K |
|
338
Renasant Corp
RNST
$3.98B
| $22.6M | 0.02% |
667,037
-104,955
| -14% | -$3.74M |
|
|
IPHI
339
DELISTED
INPHI CORPORATION
IPHI
| $22.5M | 0.02% |
515,422
+374,522
| +266% | +$14.9M |
|
340
Terex
TEX
$7.18B
| $22.4M | 0.02% |
697,814
-77,469
| -10% | -$2.46M |
|
341
Olin
OLN
$2.11B
| $22.4M | 0.02% |
968,269
+4,289
| +0.4% | +$103K |
|
342
United Parks & Resorts
PRKS
$2.1B
| $22.2M | 0.02% |
861,559
-94,887
| -10% | -$2.42M |
|
|
MCRN
343
DELISTED
Milacron Holdings Corp.
MCRN
| $21.9M | 0.02% |
1,931,869
-44,439
| -2% | -$588K |
|
344
PENN Entertainment
PENN
$2.75B
| $21.7M | 0.02% |
1,079,443
+169,868
| +19% | +$3.97M |
|
345
Verra Mobility
VRRM
$804M
| $21.6M | 0.02% |
1,813,075
-99,370
| -5% | -$1.03M |
|
|
CELG
346
DELISTED
Celgene Corp
CELG
| $21.1M | 0.02% |
223,455
-5,715,333
| -96% | -$500M |
|
347
DigitalBridge
DBRG
$2.93B
| $20.9M | 0.02% |
982,931
-15,045
| -2% | -$336K |
|
348
First Bancorp
FBNC
$2.6B
| $20.9M | 0.02% |
600,557
+79,910
| +15% | +$2.93M |
|
349
Glaukos
GKOS
$9.83B
| $20.8M | 0.02% |
265,403
-200,390
| -43% | -$13.4M |
|
|
ICPT
350
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $20.8M | 0.02% |
+185,739
| New | +$20.3M |
|
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.