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 | |
|---|---|---|---|---|---|---|
376
Levi Strauss
LEVI
$9.44B
| $17.7M | 0.02% |
+750,000
| New | +$16.8M |
|
377
Insulet
PODD
$11.5B
| $17.6M | 0.02% |
184,822
+102,002
| +123% | +$8.74M |
|
378
PVH
PVH
$4B
| $17.2M | 0.02% |
141,211
-133,498
| -49% | -$14.6M |
|
|
CLR
379
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $17.2M | 0.02% |
383,912
-98,465
| -20% | -$4.4M |
|
380
B&G Foods
BGS
$287M
| $17.1M | 0.02% |
701,576
-19,252
| -3% | -$504K |
|
381
American Express
AXP
$227B
| $17.1M | 0.02% |
156,003
+36,468
| +31% | +$3.83M |
|
382
G-III Apparel Group
GIII
$1.54B
| $17M | 0.02% |
425,412
-377,446
| -47% | -$13.1M |
|
383
Viatris
VTRS
$20.4B
| $16.9M | 0.02% |
595,407
-1,283
| -0.2% | -$37.4K |
|
384
Nutrien
NTR
$33.2B
| $16.8M | 0.02% |
318,545
+25,521
| +9% | +$1.33M |
|
385
MSC Industrial Direct
MSM
$6.89B
| $16.6M | 0.02% |
201,253
+848
| +0.4% | +$69.8K |
|
|
SYNH
386
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $16.4M | 0.02% |
317,706
+49,968
| +19% | +$2.42M |
|
387
Goosehead Insurance
GSHD
$2.2B
| $16.4M | 0.02% |
589,035
-4,033
| -0.7% | -$115K |
|
388
Diamondback Energy
FANG
$57.1B
| $16.3M | 0.02% |
160,178
+9,746
| +6% | +$998K |
|
389
Cogent Communications
CCOI
$676M
| $15.8M | 0.02% |
290,816
-320,562
| -52% | -$15.8M |
|
390
Silicon Laboratories
SLAB
$7.17B
| $15.7M | 0.02% |
+194,215
| New | +$16.2M |
|
|
SAVE
391
DELISTED
Spirit Airlines, Inc.
SAVE
| $15.7M | 0.02% |
296,746
-470,582
| -61% | -$27.1M |
|
392
Acadia Healthcare
ACHC
$2.76B
| $15.5M | 0.02% |
529,025
-31,044
| -6% | -$879K |
|
|
QVCGA
393
DELISTED
QVC Group Inc Series A
QVCGA
| $15.4M | 0.02% |
19,827
-878
| -4% | -$847K |
|
394
Heritage Financial
HFWA
$1.22B
| $15.4M | 0.02% |
509,441
+120,869
| +31% | +$3.79M |
|
|
ENLC
395
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $15.3M | 0.02% |
1,198,029
+760,089
| +174% | +$8.59M |
|
396
Prestige Consumer Healthcare
PBH
$2.38B
| $15.3M | 0.02% |
511,335
-27,487
| -5% | -$788K |
|
|
BPMC
397
DELISTED
Blueprint Medicines
BPMC
| $15.1M | 0.01% |
188,058
+209
| +0.1% | +$15.4K |
|
|
MNDT
398
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $15M | 0.01% |
893,052
+413
| +0% | +$6.95K |
|
399
Equinor
EQNR
$97.7B
| $14.9M | 0.01% |
678,524
+84,679
| +14% | +$1.91M |
|
400
National Vision
EYE
$1.77B
| $14.7M | 0.01% |
466,843
+102,863
| +28% | +$3.24M |
|
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.