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 | 25.26% |
| 2 | Consumer Discretionary | 17.14% |
| 3 | Healthcare | 14.11% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Home Depot
HD
$329B
| $1.13B | 1.19% |
4,865,599
+153,575
| +3% | +$33.6M |
|
27
Qualcomm
QCOM
$175B
| $1.12B | 1.19% |
14,742,889
-544,641
| -4% | -$41M |
|
|
28
PayPal
PYPL
$45.9B
| $1.1B | 1.17% |
10,652,051
-3,831,886
| -26% | -$422M |
|
29
Vertex Pharmaceuticals
VRTX
$137B
| $1.01B | 1.07% |
5,977,741
-366,718
| -6% | -$64.9M |
|
30
ServiceNow
NOW
$150B
| $986M | 1.04% |
19,423,405
-3,023,935
| -13% | -$164M |
|
31
Tesla
TSLA
$1.38T
| $974M | 1.03% |
60,633,630
-4,087,575
| -6% | -$64M |
|
32
S&P Global
SPGI
$131B
| $898M | 0.95% |
3,667,252
-168,326
| -4% | -$42.1M |
|
33
Union Pacific
UNP
$183B
| $835M | 0.88% |
5,153,806
-975,462
| -16% | -$164M |
|
34
American Tower
AMT
$82.1B
| $800M | 0.84% |
3,615,758
+954,985
| +36% | +$208M |
|
35
JPMorgan Chase
JPM
$951B
| $795M | 0.84% |
6,755,577
-769,864
| -10% | -$87.1M |
|
|
SPLK
36
DELISTED
Splunk Inc
SPLK
| $779M | 0.82% |
6,606,423
+178,011
| +3% | +$22.2M |
|
37
Broadcom
AVGO
$1.75T
| $750M | 0.79% |
27,176,140
-3,743,050
| -12% | -$106M |
|
38
Chipotle Mexican Grill
CMG
$48.1B
| $746M | 0.79% |
44,406,800
-1,983,400
| -4% | -$31.6M |
|
|
39
Shopify
SHOP
$197B
| $730M | 0.77% |
23,407,160
+13,061,680
| +126% | +$447M |
|
40
Danaher
DHR
$152B
| $705M | 0.74% |
5,507,664
-285,020
| -5% | -$35.7M |
|
41
Marriott International
MAR
$91.5B
| $651M | 0.69% |
5,235,324
-739,389
| -12% | -$98.1M |
|
|
42
DexCom
DXCM
$34.3B
| $603M | 0.64% |
16,158,364
+10,590,444
| +190% | +$411M |
|
43
BioMarin Pharmaceuticals
BMRN
$12.5B
| $562M | 0.59% |
8,331,400
-1,116,415
| -12% | -$86M |
|
44
Twilio
TWLO
$36.5B
| $532M | 0.56% |
4,842,334
+1,359,644
| +39% | +$176M |
|
|
XYZ
45
Block Inc
XYZ
$50.2B
| $524M | 0.55% |
8,459,055
-5,909,240
| -41% | -$401M |
|
|
EXAS
46
DELISTED
Exact Sciences
EXAS
| $490M | 0.52% |
5,424,521
+2,120,591
| +64% | +$242M |
|
47
Constellation Brands
STZ
$22.3B
| $402M | 0.42% |
1,939,851
-787,309
| -29% | -$158M |
|
|
SAGE
48
DELISTED
Sage Therapeutics
SAGE
| $399M | 0.42% |
2,843,689
-110,224
| -4% | -$18.4M |
|
49
American Electric Power
AEP
$66.6B
| $389M | 0.41% |
4,155,676
+171,712
| +4% | +$15.6M |
|
50
Crown Castle
CCI
$32.4B
| $383M | 0.4% |
2,753,095
-256,824
| -9% | -$35.5M |
|
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 $4.4B 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, down 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.