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 | |
|---|---|---|---|---|---|---|
426
PagerDuty
PD
$800M
| $8.11M | 0.01% |
287,177
+281,916
| +5,359% | +$10.8M |
|
427
Norfolk Southern
NSC
$75B
| $8.05M | 0.01% |
44,836
-10,920
| -20% | -$2.01M |
|
|
BPMC
428
DELISTED
Blueprint Medicines
BPMC
| $7.94M | 0.01% |
108,050
-79,635
| -42% | -$6.88M |
|
|
ENLC
429
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $7.84M | 0.01% |
922,156
-264,301
| -22% | -$2.33M |
|
430
Antero Midstream
AM
$10.2B
| $7.81M | 0.01% |
1,055,993
+21,515
| +2% | +$186K |
|
431
Baker Hughes
BKR
$59.5B
| $7.76M | 0.01% |
+334,406
| New | +$7.84M |
|
432
Wheaton Precious Metals
WPM
$51.5B
| $7.63M | 0.01% |
290,863
+36,444
| +14% | +$981K |
|
433
BlackBerry
BB
$4.95B
| $7.6M | 0.01% |
1,446,962
-557,975
| -28% | -$3.91M |
|
434
Tower Semiconductor
TSEM
$23.9B
| $7.56M | 0.01% |
+392,843
| New | +$7.33M |
|
|
NVTA
435
DELISTED
Invitae Corporation
NVTA
| $7.51M | 0.01% |
389,502
-25,954
| -6% | -$612K |
|
|
EVOP
436
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $7.48M | 0.01% |
265,989
-306,202
| -54% | -$8.99M |
|
437
Mueller Water Products
MWA
$3.9B
| $7.37M | 0.01% |
655,664
-30,699
| -4% | -$314K |
|
438
Waste Management
WM
$90.5B
| $7.18M | 0.01% |
62,404
+560
| +0.9% | +$65.4K |
|
439
ON Semiconductor
ON
$32.6B
| $7.1M | 0.01% |
+369,718
| New | +$7.11M |
|
|
BPL
440
DELISTED
Buckeye Partners, L.P.
BPL
| $6.97M | 0.01% |
169,533
+3,903
| +2% | +$161K |
|
441
Mayville Engineering Co
MEC
$660M
| $6.78M | 0.01% |
514,055
-67,424
| -12% | -$901K |
|
|
GTLS
442
DELISTED
Chart Industries
GTLS
| $6.76M | 0.01% |
108,349
+263
| +0.2% | +$17.8K |
|
443
Freeport-McMoran
FCX
$91.2B
| $6.57M | 0.01% |
686,617
-307,706
| -31% | -$3.16M |
|
|
NLSN
444
DELISTED
Nielsen Holdings plc
NLSN
| $6.47M | 0.01% |
304,265
-500,568
| -62% | -$11M |
|
|
LVGO
445
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $6.32M | 0.01% |
+362,263
| New | +$11M |
|
|
MRTX
446
PUT
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $6.23M | 0.01% |
80,000
| – | – |
|
|
RTLR
447
DELISTED
Rattler Midstream LP Common Units
RTLR
| $5.86M | 0.01% |
328,693
+7,435
| +2% | +$138K |
|
448
Ferrari
RACE
$69.9B
| $5.74M | 0.01% |
37,254
+8,128
| +28% | +$1.3M |
|
|
SEI
449
Solaris Energy Infrastructure
SEI
$3.14B
| $5.65M | 0.01% |
421,178
-75,979
| -15% | -$1.04M |
|
450
Western Midstream Partners
WES
$19.6B
| $5.45M | 0.01% |
219,025
-68,276
| -24% | -$1.82M |
|
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.