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 | |
|---|---|---|---|---|---|---|
|
WBT
401
DELISTED
Welbilt, Inc.
WBT
| $14.4M | 0.01% |
882,043
+297,257
| +51% | +$4.34M |
|
402
Antero Midstream
AM
$10.4B
| $14.4M | 0.01% |
1,045,141
+732,624
| +234% | +$9.56M |
|
403
NN Inc
NNBR
$255M
| $14.4M | 0.01% |
1,922,211
-1,605,200
| -46% | -$14.2M |
|
404
Gossamer Bio
GOSS
$82.9M
| $14.3M | 0.01% |
+661,116
| New | +$13.8M |
|
405
Boot Barn
BOOT
$4.51B
| $14.3M | 0.01% |
+486,338
| New | +$12.3M |
|
406
Western Midstream Partners
WES
$19.2B
| $14.2M | 0.01% |
451,873
+109,388
| +32% | +$3.47M |
|
|
BRKL
407
DELISTED
Brookline Bancorp
BRKL
| $13.8M | 0.01% |
960,007
-25,199
| -3% | -$378K |
|
408
MPLX
MPLX
$59.3B
| $13.6M | 0.01% |
413,120
+4,023
| +1% | +$135K |
|
409
Travere Therapeutics
TVTX
$5.2B
| $13.4M | 0.01% |
590,390
-114
| -0% | -$2.52K |
|
|
THR
410
DELISTED
Thermon Group Holdings
THR
| $13.1M | 0.01% |
533,588
+96,456
| +22% | +$2.3M |
|
411
ProPetro Holding
PUMP
$1.36B
| $12.9M | 0.01% |
571,275
-217,367
| -28% | -$3.89M |
|
412
Freeport-McMoran
FCX
$90B
| $12.8M | 0.01% |
991,356
+24,204
| +3% | +$293K |
|
413
iRhythm Holdings
IRTC
$3.85B
| $12.7M | 0.01% |
169,952
-93
| -0.1% | -$7.95K |
|
|
OLBK
414
DELISTED
Old Line Bancshares, Inc.
OLBK
| $12.5M | 0.01% |
501,440
+62,682
| +14% | +$1.72M |
|
415
Repligen
RGEN
$7.96B
| $12.5M | 0.01% |
211,009
-48
| -0% | -$2.76K |
|
416
Kosmos Energy
KOS
$1.6B
| $12.5M | 0.01% |
2,000,032
+140,159
| +8% | +$778K |
|
417
Range Resources
RRC
$9.38B
| $12.5M | 0.01% |
1,107,832
+4,214
| +0.4% | +$45.7K |
|
|
FOCS
418
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $12.1M | 0.01% |
340,338
-21,987
| -6% | -$693K |
|
|
ABMD
419
DELISTED
Abiomed Inc
ABMD
| $11.9M | 0.01% |
41,539
-4
| -0% | -$1.33K |
|
|
APLS
420
DELISTED
Apellis Pharmaceuticals
APLS
| $11.5M | 0.01% |
587,381
+457
| +0.1% | +$7.19K |
|
|
EQM
421
DELISTED
EQM Midstream Partners, LP
EQM
| $11.3M | 0.01% |
244,842
+2,378
| +1% | +$104K |
|
|
AVDR
422
DELISTED
Avedro, Inc Common Stock
AVDR
| $11.1M | 0.01% |
+901,554
| New | +$11.3M |
|
|
AEPPL
423
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
| $10.9M | 0.01% |
+212,336
| New | +$10.9M |
|
424
Douglas Emmett
DEI
$1.98B
| $10.4M | 0.01% |
257,039
+1,092
| +0.4% | +$41.5K |
|
425
Steel Dynamics
STLD
$36B
| $9.72M | 0.01% |
275,618
-17,543
| -6% | -$623K |
|
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.