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 | |
|---|---|---|---|---|---|---|
376
NN Inc
NNBR
$257M
| $12.4M | 0.01% |
1,733,755
-90,968
| -5% | -$683K |
|
377
B&G Foods
BGS
$293M
| $12.3M | 0.01% |
652,952
-21,541
| -3% | -$414K |
|
378
Olin
OLN
$2.53B
| $12.2M | 0.01% |
653,810
-43,501
| -6% | -$820K |
|
|
MMP
379
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $12M | 0.01% |
180,995
+4,117
| +2% | +$271K |
|
|
TPTX
380
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $12M | 0.01% |
318,192
+81,274
| +34% | +$3.54M |
|
|
PROS
381
DELISTED
ProSight Global, Inc.
PROS
| $11.9M | 0.01% |
+617,129
| New | +$11.3M |
|
382
Construction Partners
ROAD
$5.75B
| $11.9M | 0.01% |
+762,552
| New | +$11.4M |
|
383
Tapestry
TPR
$30.8B
| $11.8M | 0.01% |
451,441
-1,325,920
| -75% | -$34.9M |
|
384
LiveRamp
RAMP
$2.3B
| $11.6M | 0.01% |
271,022
+251,190
| +1,267% | +$11.7M |
|
385
United Parks & Resorts
PRKS
$2.15B
| $11.6M | 0.01% |
440,841
-166,475
| -27% | -$5.07M |
|
|
FLIR
386
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $11.5M | 0.01% |
219,361
-90,040
| -29% | -$4.59M |
|
387
Republic Services
RSG
$65B
| $11.5M | 0.01% |
133,136
-118,940
| -47% | -$10.5M |
|
388
Equinor
EQNR
$96.8B
| $11.5M | 0.01% |
607,620
-73,264
| -11% | -$1.35M |
|
389
iRhythm Holdings
IRTC
$3.91B
| $11.4M | 0.01% |
153,528
-14,633
| -9% | -$1.13M |
|
|
SAGE
390
PUT
DELISTED
Sage Therapeutics
SAGE
| $11.2M | 0.01% |
+80,000
| New | +$13.4M |
|
|
THR
391
DELISTED
Thermon Group Holdings
THR
| $11.1M | 0.01% |
484,947
-22,720
| -4% | -$538K |
|
|
ICPT
392
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $11.1M | 0.01% |
167,667
-14,081
| -8% | -$946K |
|
|
STAY
393
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $11M | 0.01% |
751,670
-341,229
| -31% | -$5.21M |
|
394
ConocoPhillips
COP
$145B
| $10.5M | 0.01% |
184,300
+27,268
| +17% | +$1.55M |
|
395
National Vision
EYE
$1.79B
| $10.3M | 0.01% |
427,655
-17,456
| -4% | -$509K |
|
396
Gossamer Bio
GOSS
$87.2M
| $10.2M | 0.01% |
605,299
-54,310
| -8% | -$1.08M |
|
397
Kosmos Energy
KOS
$1.52B
| $10.1M | 0.01% |
1,614,374
+171,756
| +12% | +$1.05M |
|
|
XENT
398
DELISTED
Intersect ENT, Inc
XENT
| $10M | 0.01% |
587,843
+118,185
| +25% | +$2.15M |
|
|
PLYA
399
DELISTED
Playa Hotels & Resorts
PLYA
| $9.93M | 0.01% |
1,268,333
-746,641
| -37% | -$5.72M |
|
400
Constellium
CSTM
$3.89B
| $9.89M | 0.01% |
778,472
-125,929
| -14% | -$1.48M |
|
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.