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 | |
|---|---|---|---|---|---|---|
326
Repligen
RGEN
$7.88B
| $17.9M | 0.02% |
193,016
+1,747
| +0.9% | +$147K |
|
327
Prestige Consumer Healthcare
PBH
$2.35B
| $17.8M | 0.02% |
440,612
-4,202
| -0.9% | -$157K |
|
|
HUD
328
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $17.8M | 0.02% |
1,158,819
+106,601
| +10% | +$1.39M |
|
|
PRNB
329
DELISTED
Principia Biopharma Inc. Common Stock
PRNB
| $17.7M | 0.02% |
+322,288
| New | +$12M |
|
330
Vodafone
VOD
$36.5B
| $17.5M | 0.02% |
+903,314
| New | +$18M |
|
|
AVLR
331
DELISTED
Avalara, Inc.
AVLR
| $16.7M | 0.02% |
227,867
+3,083
| +1% | +$224K |
|
332
Southern Copper
SCCO
$142B
| $16.3M | 0.02% |
412,949
+1,415
| +0.3% | +$49.3K |
|
|
TXNM
333
TXNM Energy Inc
TXNM
$6.4B
| $16.2M | 0.02% |
319,360
+230,927
| +261% | +$11.6M |
|
|
DNKN
334
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $16.2M | 0.02% |
213,817
-169,940
| -44% | -$12.8M |
|
335
BP
BP
$115B
| $16.1M | 0.02% |
427,360
-992,180
| -70% | -$37.7M |
|
|
FOCS
336
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $15.9M | 0.02% |
539,532
-3,787
| -0.7% | -$96.8K |
|
337
NN Inc
NNBR
$251M
| $15.9M | 0.02% |
1,718,580
-15,175
| -0.9% | -$122K |
|
|
CXO
338
DELISTED
CONCHO RESOURCES INC.
CXO
| $15.7M | 0.02% |
179,291
+36,216
| +25% | +$2.61M |
|
|
FOE
339
DELISTED
Ferro Corporation
FOE
| $15.7M | 0.02% |
1,058,269
-1,204,119
| -53% | -$15.5M |
|
340
Lockheed Martin
LMT
$133B
| $15.6M | 0.02% |
39,938
-41,087
| -51% | -$15.8M |
|
341
Royal Gold
RGLD
$16.8B
| $15.2M | 0.02% |
124,719
+11,714
| +10% | +$1.39M |
|
342
Trex
TREX
$4.47B
| $15.1M | 0.02% |
335,414
+18,868
| +6% | +$831K |
|
343
Cognex
CGNX
$10.7B
| $14.8M | 0.01% |
+263,573
| New | +$13.6M |
|
344
HealthEquity
HQY
$8.4B
| $14.7M | 0.01% |
198,857
-114,053
| -36% | -$7.12M |
|
|
AMK
345
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $14.4M | 0.01% |
497,441
+304,705
| +158% | +$7.98M |
|
|
BRKL
346
DELISTED
Brookline Bancorp
BRKL
| $14.3M | 0.01% |
869,912
-15,806
| -2% | -$249K |
|
|
PRAH
347
DELISTED
PRA Health Sciences, Inc.
PRAH
| $14.2M | 0.01% |
127,726
| – | – |
|
348
Marathon Petroleum
MPC
$91.3B
| $13.9M | 0.01% |
230,367
-1,075
| -0.5% | -$67.3K |
|
349
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $13.7M | 0.01% |
448,959
-1,253,798
| -74% | -$35.6M |
|
350
National Vision
EYE
$1.76B
| $13.7M | 0.01% |
421,976
-5,679
| -1% | -$156K |
|
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.