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 |
Shopify
SHOP
|
+$447M |
| 2 |
Apple
AAPL
|
+$435M |
| 3 |
DexCom
DXCM
|
+$411M |
| 4 |
EXAS
Exact Sciences
EXAS
|
+$242M |
| 5 |
Walt Disney
DIS
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$786M |
| 2 |
Microsoft
MSFT
|
+$437M |
| 3 |
PayPal
PYPL
|
+$422M |
| 4 |
XYZ
Block Inc
XYZ
|
+$401M |
| 5 |
Illumina
ILMN
|
+$345M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.9% |
| 2 | Consumer Discretionary | 17.13% |
| 3 | Healthcare | 13.93% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Align Technology
ALGN
$12.4B
| $18.2M | 0.02% |
100,629
-37,942
| -27% | -$7.89M |
|
327
Morgan Stanley
MS
$330B
| $18.2M | 0.02% |
425,664
-128,702
| -23% | -$5.5M |
|
328
HealthEquity
HQY
$8.44B
| $17.9M | 0.02% |
312,910
-14,806
| -5% | -$983K |
|
329
Agios Pharmaceuticals
AGIO
$1.95B
| $17.6M | 0.02% |
543,604
-54,235
| -9% | -$2.25M |
|
|
NEWR
330
DELISTED
New Relic, Inc.
NEWR
| $17.3M | 0.02% |
281,464
-442,400
| -61% | -$32M |
|
331
Intel
INTC
$460B
| $17.2M | 0.02% |
+334,354
| New | +$16.4M |
|
332
AXIS Capital
AXS
$7.67B
| $17.2M | 0.02% |
+257,584
| New | +$16.3M |
|
333
nLIGHT
LASR
$3.71B
| $17.1M | 0.02% |
1,093,258
+34,579
| +3% | +$536K |
|
334
MGM Resorts International
MGM
$11.7B
| $17M | 0.02% |
612,139
-5,392
| -0.9% | -$155K |
|
335
Cooper Companies
COO
$14.2B
| $17M | 0.02% |
+228,404
| New | +$18.4M |
|
|
BLUE
336
DELISTED
bluebird bio
BLUE
| $16.7M | 0.02% |
14,044
| – | – |
|
337
BHP
BHP
$218B
| $16.6M | 0.02% |
377,918
-23,332
| -6% | -$1.09M |
|
|
BOLD
338
DELISTED
Audentes Therapeutics, Inc
BOLD
| $16.4M | 0.02% |
584,393
-30,985
| -5% | -$1.06M |
|
339
Enerpac Tool Group
EPAC
$1.86B
| $16.3M | 0.02% |
740,860
-33,321
| -4% | -$763K |
|
340
Boot Barn
BOOT
$4.68B
| $15.9M | 0.02% |
454,980
-16,972
| -4% | -$565K |
|
|
MCRN
341
DELISTED
Milacron Holdings Corp.
MCRN
| $15.8M | 0.02% |
947,658
-889,349
| -48% | -$14.3M |
|
|
BRSL
342
Brightstar Lottery PLC
BRSL
$1.87B
| $15.7M | 0.02% |
1,103,800
-91,338
| -8% | -$1.21M |
|
|
AEPPL
343
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $15.6M | 0.02% |
283,341
+3,756
| +1% | +$209K |
|
|
SYNH
344
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $15.6M | 0.02% |
292,694
-13,480
| -4% | -$692K |
|
345
Houlihan Lokey
HLI
$8.97B
| $15.5M | 0.02% |
344,746
-16,391
| -5% | -$726K |
|
346
Prestige Consumer Healthcare
PBH
$2.37B
| $15.4M | 0.02% |
444,814
-47,250
| -10% | -$1.56M |
|
|
AVLR
347
DELISTED
Avalara, Inc.
AVLR
| $15.1M | 0.02% |
+224,784
| New | +$18.2M |
|
348
ProQR Therapeutics
PRQR
$251M
| $15.1M | 0.02% |
2,619,012
-229,916
| -8% | -$1.84M |
|
|
AVDR
349
DELISTED
Avedro, Inc Common Stock
AVDR
| $14.8M | 0.02% |
652,578
-209,889
| -24% | -$4.56M |
|
350
TotalEnergies
TTE
$193B
| $14.8M | 0.02% |
284,177
+23,050
| +9% | +$1.2M |
|
Similar funds
Jennison Associates's Q3 2019 Portfolio in Review
As of Q3 2019, Jennison Associates held 720 positions worth $94.7B, down 6.1% from $101B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Jennison Associates withdrew a net $4.41B in Q3 2019, closing 84 positions and reducing 378 holdings. Its most notable exit was Worldpay, Inc., an estimated $95.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Peloton Interactive worth $91.8M.
- Jennison Associates's largest Q3 2019 buy was Peloton Interactive: 3,659,219 shares worth $91.8M.
- Jennison Associates added most to Shopify in Q3 2019, an estimated $447M increase.
- Jennison Associates's biggest Q3 2019 reduction was Alexion Pharmaceuticals, cutting an estimated $786M.
- Jennison Associates fully exited Worldpay, Inc. in Q3 2019, selling an estimated $95.3M.
- Jennison Associates's ten largest holdings make up 33% of its $94.7B portfolio in Q3 2019.
- Jennison Associates opened 78 new positions and closed 84 in Q3 2019.
- Jennison Associates's portfolio value fell 6.1% quarter-over-quarter to $94.7B.
Based on Jennison Associates's 13F filing for Q3 2019, filed 8 Nov 2019.