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 | |
|---|---|---|---|---|---|---|
351
Tractor Supply
TSCO
$16.1B
| $13.6M | 0.01% |
727,950
-9,305
| -1% | -$177K |
|
|
EE
352
DELISTED
El Paso Electric Company
EE
| $13.4M | 0.01% |
196,732
-85,890
| -30% | -$5.79M |
|
353
Weyerhaeuser
WY
$18B
| $13.3M | 0.01% |
439,963
-421,520
| -49% | -$12.2M |
|
|
CONE
354
DELISTED
CyrusOne Inc Common Stock
CONE
| $13.3M | 0.01% |
+203,056
| New | +$13.9M |
|
355
AppFolio
APPF
$6.38B
| $13.2M | 0.01% |
+120,489
| New | +$12.3M |
|
356
Elanco Animal Health
ELAN
$13.2B
| $13.2M | 0.01% |
448,970
-467,443
| -51% | -$12.7M |
|
357
LiveRamp
RAMP
$2.3B
| $13.1M | 0.01% |
273,132
+2,110
| +0.8% | +$94.8K |
|
358
McCormick & Company Non-Voting
MKC
$13.7B
| $13.1M | 0.01% |
153,984
-118,912
| -44% | -$9.84M |
|
359
Mueller Water Products
MWA
$3.95B
| $12.8M | 0.01% |
1,071,241
+415,577
| +63% | +$4.75M |
|
|
THR
360
DELISTED
Thermon Group Holdings
THR
| $12.8M | 0.01% |
477,836
-7,111
| -1% | -$179K |
|
361
Construction Partners
ROAD
$5.84B
| $12.8M | 0.01% |
756,074
-6,478
| -0.8% | -$114K |
|
362
Insulet
PODD
$11.5B
| $12.6M | 0.01% |
73,579
-135,617
| -65% | -$22.6M |
|
363
Align Technology
ALGN
$12.1B
| $12.3M | 0.01% |
44,071
-56,558
| -56% | -$14.1M |
|
364
Pinterest
PINS
$13.4B
| $11.9M | 0.01% |
640,093
+98,721
| +18% | +$2.13M |
|
|
PSXP
365
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $11.9M | 0.01% |
+192,827
| New | +$10.9M |
|
|
MNTA
366
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $11.8M | 0.01% |
+600,000
| New | +$9.59M |
|
367
Ulta Beauty
ULTA
$22B
| $11.8M | 0.01% |
46,706
-237,259
| -84% | -$58M |
|
|
SAND
368
DELISTED
Sandstorm Gold
SAND
| $11.8M | 0.01% |
1,582,151
-24,995
| -2% | -$163K |
|
369
Texas Roadhouse
TXRH
$13.5B
| $11.7M | 0.01% |
208,590
-141,962
| -40% | -$7.79M |
|
|
MMP
370
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $11.3M | 0.01% |
178,962
-2,033
| -1% | -$127K |
|
|
CNST
371
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $11.2M | 0.01% |
+238,429
| New | +$6.88M |
|
|
EVOP
372
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $11.2M | 0.01% |
423,270
+157,281
| +59% | +$4.33M |
|
373
Equinor
EQNR
$97.7B
| $11M | 0.01% |
551,458
-56,162
| -9% | -$1.06M |
|
374
Phreesia
PHR
$663M
| $10.9M | 0.01% |
410,313
+238,043
| +138% | +$6.58M |
|
375
Zai Lab
ZLAB
$2.06B
| $10.6M | 0.01% |
255,759
+1,113
| +0.4% | +$41.1K |
|
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.