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 |
Eli Lilly
LLY
|
+$780M |
| 2 |
Uber
UBER
|
+$708M |
| 3 |
Goldman Sachs
GS
|
+$569M |
| 4 |
Microsoft
MSFT
|
+$430M |
| 5 |
Netflix
NFLX
|
+$415M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$973M |
| 2 |
Intuitive Surgical
ISRG
|
+$872M |
| 3 |
Nike
NKE
|
+$844M |
| 4 |
Edwards Lifesciences
EW
|
+$805M |
| 5 |
Corpay
CPAY
|
+$701M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.66% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Healthcare | 13.04% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 10.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Ligand Pharmaceuticals
LGND
$6.02B
| $6.25M | 0.01% |
137,694
+6,317
| +5% | +$358K |
|
|
PRAH
377
DELISTED
PRA Health Sciences, Inc.
PRAH
| $6.24M | 0.01% |
75,122
-52,604
| -41% | -$5.13M |
|
378
uniQure
QURE
$3.15B
| $6.21M | 0.01% |
+130,784
| New | +$7.51M |
|
|
EVOP
379
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $6.16M | 0.01% |
402,621
-20,649
| -5% | -$509K |
|
380
Atlantic Union Bankshares
AUB
$6.02B
| $6.12M | 0.01% |
279,644
-584,385
| -68% | -$18.1M |
|
381
Enterprise Financial Services Corp
EFSC
$2.4B
| $6.11M | 0.01% |
+219,076
| New | +$8.81M |
|
382
American Express
AXP
$231B
| $6.09M | 0.01% |
71,102
+35,691
| +101% | +$4.15M |
|
|
PROS
383
DELISTED
ProSight Global, Inc.
PROS
| $6.07M | 0.01% |
622,623
+10,930
| +2% | +$151K |
|
384
Curtiss-Wright
CW
$26.4B
| $6.06M | 0.01% |
+65,532
| New | +$8.4M |
|
385
Intel
INTC
$503B
| $5.93M | 0.01% |
109,505
+25,620
| +31% | +$1.52M |
|
386
Digital Realty Trust
DLR
$71.3B
| $5.64M | 0.01% |
+40,588
| New | +$5.16M |
|
|
WCN
387
Waste Connections
WCN
$42.2B
| $5.6M | 0.01% |
72,299
-17,525
| -20% | -$1.65M |
|
388
Waste Management
WM
$91.5B
| $5.55M | 0.01% |
59,987
-14,320
| -19% | -$1.64M |
|
389
Norfolk Southern
NSC
$76.9B
| $5.52M | 0.01% |
37,825
-71,468
| -65% | -$13.2M |
|
|
INN
390
Summit Hotel Properties
INN
$720M
| $5.49M | 0.01% |
1,300,929
-892,350
| -41% | -$8.4M |
|
391
iShares Russell 1000 Growth ETF
IWF
$127B
| $5.49M | 0.01% |
145,672
-55,600
| -28% | -$2.4M |
|
392
Diamondback Energy
FANG
$53.1B
| $5.43M | 0.01% |
207,120
-65,107
| -24% | -$4.1M |
|
|
NVTA
393
DELISTED
Invitae Corporation
NVTA
| $5.34M | 0.01% |
390,421
-1,936
| -0.5% | -$35.4K |
|
394
Valero Energy
VLO
$87.2B
| $5.22M | 0.01% |
115,112
-93,193
| -45% | -$6.77M |
|
|
NOVA
395
DELISTED
Sunnova Energy
NOVA
| $5.21M | 0.01% |
516,855
+136,238
| +36% | +$1.87M |
|
|
CHNG
396
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $5.19M | 0.01% |
519,171
+96,901
| +23% | +$1.35M |
|
397
Seacoast Banking Corp of Florida
SBCF
$3.34B
| $5.02M | 0.01% |
274,348
-174,611
| -39% | -$4.42M |
|
398
Sunrun
RUN
$2.26B
| $4.89M | 0.01% |
483,797
-105,523
| -18% | -$1.73M |
|
399
Healthcare Services Group
HCSG
$1.51B
| $4.88M | 0.01% |
203,933
-39,379
| -16% | -$1.01M |
|
|
PE
400
DELISTED
PARSLEY ENERGY INC
PE
| $4.82M | 0.01% |
840,615
-284,545
| -25% | -$3.84M |
|
Similar funds
Jennison Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Jennison Associates held 749 positions worth $82.3B, down 17% from $99.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates withdrew a net $4.86B in Q1 2020, closing 131 positions and reducing 247 holdings. Its most notable exit was Parker-Hannifin, an estimated $116M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Atlassian worth $350M.
- Jennison Associates's largest Q1 2020 buy was Atlassian: 2,552,272 shares worth $350M.
- Jennison Associates added most to Eli Lilly in Q1 2020, an estimated $780M increase.
- Jennison Associates's biggest Q1 2020 reduction was Walt Disney, cutting an estimated $973M.
- Jennison Associates fully exited Parker-Hannifin in Q1 2020, selling an estimated $116M.
- Jennison Associates's ten largest holdings make up 40% of its $82.3B portfolio in Q1 2020.
- Jennison Associates opened 131 new positions and closed 131 in Q1 2020.
- Jennison Associates's portfolio value fell 17% quarter-over-quarter to $82.3B.
Based on Jennison Associates's 13F filing for Q1 2020, filed 6 May 2020.