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 | |
|---|---|---|---|---|---|---|
451
Wheaton Precious Metals
WPM
$49.5B
| $4.03M | ﹤0.01% |
135,459
-155,404
| -53% | -$4.25M |
|
|
FLIR
452
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $3.82M | ﹤0.01% |
73,370
-145,991
| -67% | -$7.73M |
|
453
Spotify
SPOT
$103B
| $3.79M | ﹤0.01% |
25,371
-51,954
| -67% | -$7.13M |
|
454
Amgen
AMGN
$208B
| $3.69M | ﹤0.01% |
15,301
+1,858
| +14% | +$410K |
|
455
Parsons
PSN
$4.72B
| $3.68M | ﹤0.01% |
89,161
-185,658
| -68% | -$6.93M |
|
456
Petrobras
PBR
$125B
| $3.56M | ﹤0.01% |
+223,500
| New | +$3.41M |
|
|
STAY
457
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $3.51M | ﹤0.01% |
236,264
-515,406
| -69% | -$7.5M |
|
|
PLYA
458
DELISTED
Playa Hotels & Resorts
PLYA
| $3.51M | ﹤0.01% |
417,795
-850,538
| -67% | -$6.61M |
|
|
HMHC
459
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $3.41M | ﹤0.01% |
545,512
-1,105,077
| -67% | -$6.45M |
|
|
EQM
460
DELISTED
EQM Midstream Partners, LP
EQM
| $3.33M | ﹤0.01% |
111,237
-1,265
| -1% | -$35.2K |
|
461
Silicon Laboratories
SLAB
$7.17B
| $3.2M | ﹤0.01% |
27,604
-52,822
| -66% | -$5.79M |
|
462
State Street SPDR S&P Metals & Mining ETF
XME
$3.87B
| $3.15M | ﹤0.01% |
107,563
+10,639
| +11% | +$290K |
|
463
GrafTech
EAF
$175M
| $3.13M | ﹤0.01% |
26,929
-78,525
| -74% | -$9.87M |
|
|
TPIC
464
DELISTED
TPI Composites
TPIC
| $3.05M | ﹤0.01% |
164,872
-795
| -0.5% | -$14.6K |
|
465
IBM
IBM
$211B
| $3.01M | ﹤0.01% |
+23,466
| New | +$3.05M |
|
466
BlackBerry
BB
$4.98B
| $2.91M | ﹤0.01% |
453,067
-993,895
| -69% | -$5.46M |
|
467
Oracle
ORCL
$374B
| $2.83M | ﹤0.01% |
53,507
+17,524
| +49% | +$965K |
|
468
Verra Mobility
VRRM
$804M
| $2.82M | ﹤0.01% |
201,884
-436,280
| -68% | -$6.26M |
|
469
Plains GP Holdings
PAGP
$5.21B
| $2.23M | ﹤0.01% |
117,580
-1,338
| -1% | -$25.1K |
|
|
DFS
470
DELISTED
Discover Financial Services
DFS
| $2.04M | ﹤0.01% |
24,036
-151
| -0.6% | -$12.5K |
|
471
Omnicom Group
OMC
$21.6B
| $2.03M | ﹤0.01% |
25,082
+4,109
| +20% | +$322K |
|
472
International Bancshares
IBOC
$4.76B
| $1.95M | ﹤0.01% |
45,300
-1,636
| -3% | -$67.8K |
|
473
TJX Companies
TJX
$174B
| $1.95M | ﹤0.01% |
31,861
+26,828
| +533% | +$1.59M |
|
474
Ameriprise Financial
AMP
$48.3B
| $1.91M | ﹤0.01% |
11,486
+6,810
| +146% | +$1.06M |
|
|
HBI
475
DELISTED
Hanesbrands
HBI
| $1.87M | ﹤0.01% |
125,816
+65,831
| +110% | +$1M |
|
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.