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 | |
|---|---|---|---|---|---|---|
351
Cardlytics
CDLX
$21.7M
| $20.7M | 0.02% |
124,990
-1,445
| -1% | -$235K |
|
|
SRE.PRA
352
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $20.4M | 0.02% |
193,341
-4,535
| -2% | -$463K |
|
|
PGTI
353
DELISTED
PGT, Inc.
PGTI
| $20.3M | 0.02% |
1,462,656
-55,142
| -4% | -$873K |
|
|
PLYA
354
DELISTED
Playa Hotels & Resorts
PLYA
| $20.2M | 0.02% |
2,651,751
-118,532
| -4% | -$917K |
|
|
FLIR
355
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $20.1M | 0.02% |
421,892
-20,888
| -5% | -$1.01M |
|
356
Advanced Micro Devices
AMD
$776B
| $20.1M | 0.02% |
+786,485
| New | +$17.9M |
|
357
Honeywell
HON
$77B
| $20M | 0.02% |
133,672
-11,268
| -8% | -$1.57M |
|
|
HMHC
358
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $19.6M | 0.02% |
2,698,570
+1,510
| +0.1% | +$13.6K |
|
359
Adicet Bio
ACET
$85.2M
| $19.6M | 0.02% |
25,613
+6,505
| +34% | +$5.91M |
|
|
P
360
Everpure Inc
P
$25.7B
| $19M | 0.02% |
871,694
+1,182
| +0.1% | +$22.5K |
|
|
MRNS
361
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $18.9M | 0.02% |
1,131,831
-6,859
| -0.6% | -$98.8K |
|
|
COUP
362
DELISTED
Coupa Software Incorporated
COUP
| $18.9M | 0.02% |
207,671
-78,908
| -28% | -$6.76M |
|
|
DHR.PRA
363
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $18.7M | 0.02% |
+17,731
| New | +$18.3M |
|
364
Newmont
NEM
$98.7B
| $18.5M | 0.02% |
517,514
-75,500
| -13% | -$2.56M |
|
|
GWR
365
DELISTED
Genesee & Wyoming Inc.
GWR
| $18.4M | 0.02% |
211,569
-56,357
| -21% | -$4.57M |
|
|
CBLK
366
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $18.4M | 0.02% |
1,320,277
-440,779
| -25% | -$6.29M |
|
367
Healthcare Services Group
HCSG
$1.6B
| $18.4M | 0.02% |
557,303
+64,196
| +13% | +$2.46M |
|
368
Huron Consulting
HURN
$2.41B
| $18.2M | 0.02% |
385,501
-11,891
| -3% | -$587K |
|
369
Rio Tinto
RIO
$158B
| $18.1M | 0.02% |
307,927
-63,693
| -17% | -$3.5M |
|
|
FL
370
DELISTED
Foot Locker
FL
| $18.1M | 0.02% |
+298,623
| New | +$17.4M |
|
371
Royal Gold
RGLD
$16.8B
| $18.1M | 0.02% |
+198,538
| New | +$17.3M |
|
372
Southern Copper
SCCO
$143B
| $17.9M | 0.02% |
486,998
-479
| -0.1% | -$15.3K |
|
373
Woodward
WWD
$21.3B
| $17.9M | 0.02% |
+188,665
| New | +$16.7M |
|
374
Enerpac Tool Group
EPAC
$1.83B
| $17.8M | 0.02% |
728,924
-14,722
| -2% | -$345K |
|
|
CBIO
375
Crescent Biopharma
CBIO
$537M
| $17.7M | 0.02% |
14,235
+14
| +0.1% | +$16K |
|
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.