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 | |
|---|---|---|---|---|---|---|
|
PXD
401
DELISTED
Pioneer Natural Resource Co.
PXD
| $7.9M | 0.01% |
+52,183
| New | +$6.95M |
|
402
Nutrien
NTR
$33.3B
| $7.74M | 0.01% |
161,520
-104,662
| -39% | -$5.06M |
|
|
CEQP
403
DELISTED
Crestwood Equity Partners LP
CEQP
| $7.35M | 0.01% |
238,590
-2,718
| -1% | -$89.5K |
|
|
GTLS
404
DELISTED
Chart Industries
GTLS
| $7.24M | 0.01% |
107,326
-1,023
| -0.9% | -$59.8K |
|
405
Pentair
PNR
$10.4B
| $7.17M | 0.01% |
+156,316
| New | +$6.6M |
|
406
ASML
ASML
$635B
| $7.06M | 0.01% |
23,866
+3,217
| +16% | +$869K |
|
407
Mayville Engineering Co
MEC
$665M
| $7.02M | 0.01% |
748,210
+234,155
| +46% | +$2.43M |
|
408
Ferrari
RACE
$69.4B
| $6.97M | 0.01% |
42,091
+4,837
| +13% | +$783K |
|
409
Morgan Stanley
MS
$331B
| $6.96M | 0.01% |
136,239
-289,425
| -68% | -$13.7M |
|
|
CHNG
410
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $6.92M | 0.01% |
422,270
| – | – |
|
411
MGM Resorts International
MGM
$11.4B
| $6.77M | 0.01% |
203,476
-408,663
| -67% | -$12.5M |
|
412
LivePerson
LPSN
$22M
| $6.67M | 0.01% |
12,015
+10,673
| +795% | +$6.13M |
|
413
Delta Air Lines
DAL
$57.9B
| $6.52M | 0.01% |
111,556
-230,149
| -67% | -$12.9M |
|
414
Cytokinetics
CYTK
$10.6B
| $6.47M | 0.01% |
+609,964
| New | +$6.27M |
|
|
AMRN
415
CALL
Amarin Corp
AMRN
$299M
| $6.43M | 0.01% |
15,000
| – | – |
|
416
Acadia Pharmaceuticals
ACAD
$4.41B
| $6.4M | 0.01% |
+149,585
| New | +$6.51M |
|
|
NVTA
417
DELISTED
Invitae Corporation
NVTA
| $6.33M | 0.01% |
392,357
+2,855
| +0.7% | +$50.5K |
|
|
NESR
418
National Energy Services Reunited Corp
NESR
$2.7B
| $6.05M | 0.01% |
662,932
-260
| -0% | -$2.01K |
|
419
Healthcare Services Group
HCSG
$1.59B
| $5.92M | 0.01% |
243,312
-273,315
| -53% | -$6.77M |
|
420
Freshpet
FRPT
$2.94B
| $5.85M | 0.01% |
99,047
-1,492
| -1% | -$79.5K |
|
|
SAGE
421
PUT
DELISTED
Sage Therapeutics
SAGE
| $5.79M | 0.01% |
80,200
+200
| +0.3% | +$24.6K |
|
|
RTLR
422
DELISTED
Rattler Midstream LP Common Units
RTLR
| $5.78M | 0.01% |
325,007
-3,686
| -1% | -$58.6K |
|
423
NextCure
NXTC
$17.7M
| $5.63M | 0.01% |
+8,333
| New | +$4.18M |
|
424
CoreCivic
CXW
$2.95B
| $5.56M | 0.01% |
319,906
-488,200
| -60% | -$7.73M |
|
|
INVX
425
Innovex International
INVX
$1.96B
| $5.53M | 0.01% |
+117,870
| New | +$5.4M |
|
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.