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 | |
|---|---|---|---|---|---|---|
401
Sunrun
RUN
$2.27B
| $9.85M | 0.01% |
589,505
+129
| +0% | +$2.25K |
|
|
VRNT
402
DELISTED
Verint Systems
VRNT
| $9.72M | 0.01% |
445,903
-180,062
| -29% | -$4.79M |
|
|
CXO
403
DELISTED
CONCHO RESOURCES INC.
CXO
| $9.71M | 0.01% |
143,075
-821,712
| -85% | -$66.9M |
|
404
Douglas Emmett
DEI
$2.02B
| $9.67M | 0.01% |
225,760
-14,893
| -6% | -$616K |
|
|
ABMD
405
DELISTED
Abiomed Inc
ABMD
| $9.65M | 0.01% |
54,245
-5,025
| -8% | -$1.09M |
|
|
WCN
406
Waste Connections
WCN
$41.9B
| $9.56M | 0.01% |
103,920
+33,247
| +47% | +$3.07M |
|
407
Devon Energy
DVN
$50.9B
| $9.5M | 0.01% |
394,905
+140,915
| +55% | +$3.53M |
|
|
FSCT
408
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $9.44M | 0.01% |
249,016
-354,482
| -59% | -$13M |
|
|
ZEN
409
DELISTED
ZENDESK INC
ZEN
| $9.31M | 0.01% |
127,722
-133,425
| -51% | -$11M |
|
410
Armstrong World Industries
AWI
$7.37B
| $9.31M | 0.01% |
96,234
-5,435
| -5% | -$524K |
|
411
Verra Mobility
VRRM
$781M
| $9.16M | 0.01% |
638,164
-236,798
| -27% | -$3.3M |
|
|
SWAV
412
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $9.08M | 0.01% |
303,427
+105,095
| +53% | +$4.46M |
|
413
Parsons
PSN
$4.61B
| $9.06M | 0.01% |
274,819
-232,710
| -46% | -$8.3M |
|
|
SAND
414
DELISTED
Sandstorm Gold
SAND
| $9.06M | 0.01% |
1,607,146
-8,985
| -0.6% | -$54.7K |
|
|
ADSW
415
DELISTED
Advanced Disposal Services Inc
ADSW
| $9.04M | 0.01% |
277,576
-44,504
| -14% | -$1.44M |
|
416
First Solar
FSLR
$22.1B
| $8.98M | 0.01% |
154,771
+27,262
| +21% | +$1.75M |
|
417
Silicon Laboratories
SLAB
$7.15B
| $8.96M | 0.01% |
80,426
-58,396
| -42% | -$6.32M |
|
|
WCG
418
DELISTED
Wellcare Health Plans, Inc.
WCG
| $8.89M | 0.01% |
34,305
-14,382
| -30% | -$3.97M |
|
419
Spotify
SPOT
$107B
| $8.81M | 0.01% |
77,325
-183,304
| -70% | -$25.9M |
|
|
CEQP
420
DELISTED
Crestwood Equity Partners LP
CEQP
| $8.81M | 0.01% |
241,308
+5,576
| +2% | +$202K |
|
|
HMHC
421
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $8.8M | 0.01% |
1,650,589
-766,846
| -32% | -$4.33M |
|
422
Kontoor Brands
KTB
$4.63B
| $8.43M | 0.01% |
+240,285
| New | +$7.8M |
|
423
Ligand Pharmaceuticals
LGND
$5.94B
| $8.31M | 0.01% |
133,785
-203,369
| -60% | -$12.8M |
|
|
ARYAU
424
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
| $8.27M | 0.01% |
772,074
-44,975
| -6% | -$486K |
|
425
Zai Lab
ZLAB
$2.06B
| $8.24M | 0.01% |
254,646
-9,894
| -4% | -$339K |
|
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.