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 | |
|---|---|---|---|---|---|---|
|
SDC
426
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $5.42M | 0.01% |
619,629
-900,068
| -59% | -$9M |
|
|
BRSL
427
Brightstar Lottery PLC
BRSL
$1.83B
| $5.42M | 0.01% |
361,711
-742,089
| -67% | -$10.6M |
|
|
ADSW
428
DELISTED
Advanced Disposal Services Inc
ADSW
| $5.17M | 0.01% |
157,424
-120,152
| -43% | -$3.94M |
|
|
PARA
429
DELISTED
Paramount Global Class B
PARA
| $5.15M | 0.01% |
122,722
+108,511
| +764% | +$4.2M |
|
430
Laureate Education
LAUR
$5.27B
| $5.11M | 0.01% |
290,148
-583,585
| -67% | -$9.62M |
|
431
CALL
BioMarin Pharmaceuticals
BMRN
$11.6B
| $5.07M | 0.01% |
+60,000
| New | +$4.53M |
|
432
Liberty Global Class C
LBTYK
$3.49B
| $5.05M | 0.01% |
231,843
-1,242,488
| -84% | -$27.9M |
|
|
HI
433
DELISTED
Hillenbrand
HI
| $5.03M | 0.01% |
+150,908
| New | +$4.77M |
|
434
Intel
INTC
$467B
| $5.02M | 0.01% |
83,885
-250,469
| -75% | -$14M |
|
|
BPMC
435
DELISTED
Blueprint Medicines
BPMC
| $4.86M | ﹤0.01% |
60,642
-47,408
| -44% | -$3.55M |
|
|
NBLX
436
DELISTED
Noble Midstream Partners LP
NBLX
| $4.78M | ﹤0.01% |
179,889
-2,042
| -1% | -$48.3K |
|
|
MNRL
437
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $4.71M | ﹤0.01% |
219,696
+1,788
| +0.8% | +$34.8K |
|
438
CF Industries
CF
$19.2B
| $4.67M | ﹤0.01% |
97,934
+23,380
| +31% | +$1.09M |
|
|
WCG
439
DELISTED
Wellcare Health Plans, Inc.
WCG
| $4.61M | ﹤0.01% |
13,947
-20,358
| -59% | -$6.11M |
|
440
United Parks & Resorts
PRKS
$2.09B
| $4.56M | ﹤0.01% |
143,939
-296,902
| -67% | -$8.56M |
|
|
DCPH
441
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $4.45M | ﹤0.01% |
+71,560
| New | +$3.4M |
|
442
American Express
AXP
$228B
| $4.41M | ﹤0.01% |
35,411
-163,155
| -82% | -$19.5M |
|
|
ENBL
443
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $4.37M | ﹤0.01% |
435,332
-4,915
| -1% | -$50K |
|
|
VRNT
444
DELISTED
Verint Systems
VRNT
| $4.28M | ﹤0.01% |
151,579
-294,324
| -66% | -$7.17M |
|
445
Western Midstream Partners
WES
$19.3B
| $4.26M | ﹤0.01% |
216,561
-2,464
| -1% | -$51.1K |
|
|
NOVA
446
DELISTED
Sunnova Energy
NOVA
| $4.25M | ﹤0.01% |
380,617
+2,928
| +0.8% | +$30.5K |
|
447
Tapestry
TPR
$30.9B
| $4.19M | ﹤0.01% |
155,254
-296,187
| -66% | -$7.72M |
|
448
ProPetro Holding
PUMP
$1.36B
| $4.12M | ﹤0.01% |
366,360
-2,263
| -0.6% | -$20.2K |
|
|
EB
449
DELISTED
Eventbrite
EB
| $4.1M | ﹤0.01% |
+203,100
| New | +$3.88M |
|
450
RenaissanceRe
RNR
$13.3B
| $4.06M | ﹤0.01% |
20,698
+1,152
| +6% | +$218K |
|
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.