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 | |
|---|---|---|---|---|---|---|
351
Repligen
RGEN
$7.96B
| $14.7M | 0.02% |
191,269
-19,300
| -9% | -$1.69M |
|
352
Alcon
ALC
$33.6B
| $14.5M | 0.02% |
+248,979
| New | +$14.9M |
|
353
Laureate Education
LAUR
$5.28B
| $14.5M | 0.02% |
873,733
-328,072
| -27% | -$5.51M |
|
|
VIAB
354
DELISTED
Viacom Inc. Class B
VIAB
| $14.4M | 0.02% |
601,194
-132,544
| -18% | -$3.7M |
|
355
Trex
TREX
$4.51B
| $14.4M | 0.02% |
316,546
+106,392
| +51% | +$4.29M |
|
|
PRTY
356
DELISTED
Party City Holdco Inc.
PRTY
| $14.4M | 0.02% |
2,515,901
-129,564
| -5% | -$739K |
|
357
Pinterest
PINS
$13.4B
| $14.3M | 0.02% |
541,372
-180,045
| -25% | -$5.39M |
|
|
FL
358
DELISTED
Foot Locker
FL
| $14.2M | 0.02% |
329,830
-7,362
| -2% | -$296K |
|
359
iShares Russell 1000 Growth ETF
IWF
$121B
| $14.1M | 0.01% |
353,600
+244,036
| +223% | +$9.78M |
|
360
Keurig Dr Pepper
KDP
$42.3B
| $14.1M | 0.01% |
515,841
-441,263
| -46% | -$12.3M |
|
361
Marathon Petroleum
MPC
$92.4B
| $14.1M | 0.01% |
231,442
-24,417
| -10% | -$1.29M |
|
362
CoreCivic
CXW
$2.96B
| $14M | 0.01% |
808,106
-35,394
| -4% | -$622K |
|
363
Royal Gold
RGLD
$16.8B
| $13.9M | 0.01% |
113,005
-7,119
| -6% | -$867K |
|
364
GrafTech
EAF
$175M
| $13.5M | 0.01% |
105,454
-52,594
| -33% | -$6.25M |
|
365
Tractor Supply
TSCO
$16.1B
| $13.3M | 0.01% |
737,255
-393,600
| -35% | -$8.15M |
|
366
Nutrien
NTR
$33.2B
| $13.3M | 0.01% |
266,182
-54,035
| -17% | -$2.76M |
|
367
Teradata
TDC
$2.92B
| $13.2M | 0.01% |
424,957
-116,102
| -21% | -$3.92M |
|
368
Woodward
WWD
$21.3B
| $13.1M | 0.01% |
121,905
-63,525
| -34% | -$6.98M |
|
|
BRKL
369
DELISTED
Brookline Bancorp
BRKL
| $13M | 0.01% |
885,718
-36,643
| -4% | -$531K |
|
370
Southern Copper
SCCO
$143B
| $13M | 0.01% |
411,534
-78,439
| -16% | -$2.49M |
|
|
FOCS
371
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $12.9M | 0.01% |
543,319
+222,339
| +69% | +$5.47M |
|
|
HUD
372
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $12.9M | 0.01% |
1,052,218
-558,955
| -35% | -$6.92M |
|
|
PRAH
373
DELISTED
PRA Health Sciences, Inc.
PRAH
| $12.7M | 0.01% |
127,726
-157,823
| -55% | -$15.7M |
|
374
Healthcare Services Group
HCSG
$1.6B
| $12.5M | 0.01% |
516,627
-16,827
| -3% | -$425K |
|
|
PE
375
DELISTED
PARSLEY ENERGY INC
PE
| $12.5M | 0.01% |
741,723
+314,124
| +73% | +$5.4M |
|
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.