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 | |
|---|---|---|---|---|---|---|
|
SWTX
451
DELISTED
SpringWorks Therapeutics
SWTX
| $5.42M | 0.01% |
+250,201
| New | +$5.91M |
|
|
ENBL
452
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $5.3M | 0.01% |
440,247
-167,782
| -28% | -$2.19M |
|
453
Evergy
EVRG
$19.1B
| $5.19M | 0.01% |
77,941
-1,116,419
| -93% | -$70.6M |
|
|
QVCGA
454
DELISTED
QVC Group Inc Series A
QVCGA
| $5.14M | 0.01% |
10,272
-4,014
| -28% | -$2.36M |
|
455
ASML
ASML
$626B
| $5.13M | 0.01% |
20,649
+9,914
| +92% | +$2.23M |
|
|
CHNG
456
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $5.1M | 0.01% |
422,270
-27,730
| -6% | -$381K |
|
457
CME Group
CME
$96.3B
| $5.04M | 0.01% |
23,863
-527
| -2% | -$110K |
|
|
AMK
458
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $5.02M | 0.01% |
+192,736
| New | +$5.17M |
|
459
Freshpet
FRPT
$2.93B
| $5M | 0.01% |
+100,539
| New | +$4.59M |
|
|
FFWM
460
DELISTED
First Foundation Inc
FFWM
| $4.88M | 0.01% |
+319,363
| New | +$4.59M |
|
461
Arcosa
ACA
$7.13B
| $4.8M | 0.01% |
140,300
-51,567
| -27% | -$1.79M |
|
|
SGMO
462
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $4.67M | ﹤0.01% |
+515,643
| New | +$5.78M |
|
|
TXNM
463
TXNM Energy Inc
TXNM
$6.41B
| $4.61M | ﹤0.01% |
+88,433
| New | +$4.46M |
|
464
Heritage Financial
HFWA
$1.22B
| $4.61M | ﹤0.01% |
170,809
-311,958
| -65% | -$8.61M |
|
|
AMRN
465
CALL
Amarin Corp
AMRN
$299M
| $4.55M | ﹤0.01% |
+15,000
| New | +$5.24M |
|
|
NESR
466
National Energy Services Reunited Corp
NESR
$2.72B
| $4.43M | ﹤0.01% |
663,192
+205,564
| +45% | +$1.6M |
|
|
NBLX
467
DELISTED
Noble Midstream Partners LP
NBLX
| $4.39M | ﹤0.01% |
181,931
+4,126
| +2% | +$115K |
|
|
MNRL
468
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $4.34M | ﹤0.01% |
217,908
-394
| -0.2% | -$8.12K |
|
469
Teck Resources
TECK
$29.6B
| $4.24M | ﹤0.01% |
261,509
-1,315,470
| -83% | -$24.9M |
|
|
DBVT
470
DBV Technologies
DBVT
$799M
| $4.18M | ﹤0.01% |
48,612
-4,909
| -9% | -$468K |
|
471
Phreesia
PHR
$663M
| $4.18M | ﹤0.01% |
+172,270
| New | +$4.54M |
|
|
NOVA
472
DELISTED
Sunnova Energy
NOVA
| $4.06M | ﹤0.01% |
+377,689
| New | +$4.08M |
|
473
RenaissanceRe
RNR
$13.3B
| $3.78M | ﹤0.01% |
19,546
-46,315
| -70% | -$8.62M |
|
|
EQM
474
DELISTED
EQM Midstream Partners, LP
EQM
| $3.68M | ﹤0.01% |
112,502
-71,391
| -39% | -$2.51M |
|
475
CF Industries
CF
$19.2B
| $3.67M | ﹤0.01% |
+74,554
| New | +$3.61M |
|
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.