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 | |
|---|---|---|---|---|---|---|
|
PGTI
376
DELISTED
PGT, Inc.
PGTI
| $10.6M | 0.01% |
713,002
-498,625
| -41% | -$7.93M |
|
377
iRhythm Holdings
IRTC
$3.88B
| $10.5M | 0.01% |
154,781
+1,253
| +0.8% | +$85K |
|
378
Baker Hughes
BKR
$60B
| $10.3M | 0.01% |
402,626
+68,220
| +20% | +$1.55M |
|
|
FFWM
379
DELISTED
First Foundation Inc
FFWM
| $10.1M | 0.01% |
580,106
+260,743
| +82% | +$4.2M |
|
380
Kosmos Energy
KOS
$1.58B
| $9.97M | 0.01% |
1,749,300
+134,926
| +8% | +$814K |
|
381
Douglas Emmett
DEI
$1.99B
| $9.91M | 0.01% |
225,760
| – | – |
|
|
PROS
382
DELISTED
ProSight Global, Inc.
PROS
| $9.87M | 0.01% |
611,693
-5,436
| -0.9% | -$91.7K |
|
|
SWTX
383
DELISTED
SpringWorks Therapeutics
SWTX
| $9.68M | 0.01% |
251,447
+1,246
| +0.5% | +$29.2K |
|
|
AEPPL
384
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $9.52M | 0.01% |
175,892
-107,449
| -38% | -$5.8M |
|
385
Gossamer Bio
GOSS
$81.2M
| $9.46M | 0.01% |
605,299
| – | – |
|
|
BECN
386
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.11M | 0.01% |
284,824
-985,196
| -78% | -$31.2M |
|
|
Y
387
DELISTED
Alleghany Corp
Y
| $9.07M | 0.01% |
+11,347
| New | +$8.86M |
|
388
Constellium
CSTM
$3.76B
| $8.97M | 0.01% |
669,383
-109,089
| -14% | -$1.51M |
|
389
Stoneridge
SRI
$193M
| $8.95M | 0.01% |
+305,267
| New | +$9.4M |
|
|
ARYAU
390
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $8.88M | 0.01% |
772,074
| – | – |
|
391
iShares Russell 1000 Growth ETF
IWF
$121B
| $8.85M | 0.01% |
201,272
-152,328
| -43% | -$6.36M |
|
392
First Solar
FSLR
$23B
| $8.65M | 0.01% |
154,508
-263
| -0.2% | -$14.4K |
|
393
Ligand Pharmaceuticals
LGND
$5.85B
| $8.55M | 0.01% |
131,377
-2,408
| -2% | -$161K |
|
394
Freeport-McMoran
FCX
$89.8B
| $8.53M | 0.01% |
649,854
-36,763
| -5% | -$404K |
|
395
Waste Management
WM
$90.5B
| $8.47M | 0.01% |
74,307
+11,903
| +19% | +$1.34M |
|
396
Kontoor Brands
KTB
$4.66B
| $8.43M | 0.01% |
200,741
-39,544
| -16% | -$1.49M |
|
397
Arbutus Biopharma
ABUS
$845M
| $8.18M | 0.01% |
2,943,789
+2,178,665
| +285% | +$3.53M |
|
|
WCN
398
Waste Connections
WCN
$42.4B
| $8.15M | 0.01% |
89,824
-14,096
| -14% | -$1.28M |
|
399
Sunrun
RUN
$2.32B
| $8.14M | 0.01% |
589,320
-185
| -0% | -$2.76K |
|
400
Verisk Analytics
VRSK
$25.3B
| $7.96M | 0.01% |
53,290
-225,809
| -81% | -$33.5M |
|
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.