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 | |
|---|---|---|---|---|---|---|
326
Black Diamond Therapeutics
BDTX
$110M
| $10.6M | 0.01% |
+426,538
| New | +$13M |
|
327
Enviri
NVRI
$630M
| $10.6M | 0.01% |
1,526,569
+80,929
| +6% | +$1.1M |
|
328
Royal Gold
RGLD
$18.5B
| $10.6M | 0.01% |
120,803
-3,916
| -3% | -$404K |
|
|
XENT
329
DELISTED
Intersect ENT, Inc
XENT
| $10.6M | 0.01% |
892,725
+72,117
| +9% | +$1.6M |
|
330
MaxLinear
MXL
$6.37B
| $10.4M | 0.01% |
891,842
-149,072
| -14% | -$2.5M |
|
|
AMK
331
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $10.3M | 0.01% |
506,321
+8,880
| +2% | +$239K |
|
332
National Vision
EYE
$1.8B
| $9.99M | 0.01% |
514,258
+92,282
| +22% | +$2.87M |
|
333
Armstrong World Industries
AWI
$7.78B
| $9.78M | 0.01% |
123,151
-83,284
| -40% | -$8.03M |
|
334
Byline Bancorp
BY
$1.79B
| $9.64M | 0.01% |
929,886
-188,453
| -17% | -$3.19M |
|
335
Southern Copper
SCCO
$161B
| $9.48M | 0.01% |
363,182
-49,767
| -12% | -$1.67M |
|
|
CIR
336
DELISTED
CIRCOR International, Inc
CIR
| $9.43M | 0.01% |
811,211
+15,338
| +2% | +$540K |
|
337
Ferrari
RACE
$71.6B
| $9.4M | 0.01% |
61,603
+19,512
| +46% | +$3.15M |
|
338
Avantor
AVTR
$8.91B
| $9.35M | 0.01% |
748,377
-1,310,294
| -64% | -$21M |
|
339
Mueller Water Products
MWA
$4.24B
| $9.34M | 0.01% |
1,165,485
+94,244
| +9% | +$1.04M |
|
340
TFI International
TFII
$11.3B
| $9.24M | 0.01% |
+418,142
| New | +$11.3M |
|
341
Wells Fargo
WFC
$265B
| $9.16M | 0.01% |
319,318
-218,680
| -41% | -$9.3M |
|
|
DNKN
342
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $9.13M | 0.01% |
171,896
-41,921
| -20% | -$2.91M |
|
|
BRKL
343
DELISTED
Brookline Bancorp
BRKL
| $9.07M | 0.01% |
804,219
-65,693
| -8% | -$937K |
|
344
MPLX
MPLX
$61.3B
| $9.02M | 0.01% |
776,033
-83,598
| -10% | -$1.71M |
|
345
Douglas Emmett
DEI
$1.93B
| $9M | 0.01% |
294,903
+69,143
| +31% | +$2.69M |
|
346
Kennametal
KMT
$2.58B
| $8.97M | 0.01% |
481,844
+441,377
| +1,091% | +$12.6M |
|
|
ARYAU
347
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $8.72M | 0.01% |
772,074
| – | – |
|
348
Clearway Energy Class C
CWEN
$5.12B
| $8.68M | 0.01% |
+461,675
| New | +$9.61M |
|
349
ConocoPhillips
COP
$142B
| $8.57M | 0.01% |
278,224
-20,596
| -7% | -$1.05M |
|
|
AEPPL
350
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $8.42M | 0.01% |
174,472
-1,420
| -0.8% | -$76.6K |
|
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.