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 | 27.73% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.45% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Edwards Lifesciences
EW
$52B
| $1.14B | 1.15% |
14,674,383
-3,662,379
| -20% | -$286M |
|
27
Qualcomm
QCOM
$175B
| $1.05B | 1.06% |
11,875,360
-2,867,529
| -19% | -$240M |
|
28
JPMorgan Chase
JPM
$951B
| $968M | 0.98% |
6,942,486
+186,909
| +3% | +$24M |
|
29
PayPal
PYPL
$45.9B
| $944M | 0.95% |
8,730,902
-1,921,149
| -18% | -$200M |
|
|
SPLK
30
DELISTED
Splunk Inc
SPLK
| $913M | 0.92% |
6,094,900
-511,523
| -8% | -$67.2M |
|
31
Home Depot
HD
$329B
| $910M | 0.92% |
4,165,702
-699,897
| -14% | -$159M |
|
|
32
Workday
WDAY
$49.3B
| $898M | 0.91% |
5,461,242
-2,126,458
| -28% | -$353M |
|
33
Union Pacific
UNP
$183B
| $883M | 0.89% |
4,884,593
-269,213
| -5% | -$46.1M |
|
34
S&P Global
SPGI
$131B
| $865M | 0.87% |
3,167,429
-499,823
| -14% | -$130M |
|
35
Broadcom
AVGO
$1.75T
| $859M | 0.87% |
27,178,530
+2,390
| +0% | +$72.6K |
|
36
ServiceNow
NOW
$150B
| $847M | 0.85% |
14,998,695
-4,424,710
| -23% | -$233M |
|
|
37
Vertex Pharmaceuticals
VRTX
$137B
| $782M | 0.79% |
3,571,249
-2,406,492
| -40% | -$487M |
|
38
DexCom
DXCM
$34.3B
| $757M | 0.76% |
13,835,032
-2,323,332
| -14% | -$110M |
|
39
Marriott International
MAR
$91.5B
| $740M | 0.75% |
4,887,667
-347,657
| -7% | -$46.6M |
|
40
Chipotle Mexican Grill
CMG
$48.1B
| $719M | 0.73% |
42,964,200
-1,442,600
| -3% | -$23.1M |
|
41
Danaher
DHR
$152B
| $714M | 0.72% |
5,244,091
-263,573
| -5% | -$33.3M |
|
|
COUP
42
DELISTED
Coupa Software Incorporated
COUP
| $690M | 0.7% |
4,716,221
+4,396,119
| +1,373% | +$628M |
|
43
BioMarin Pharmaceuticals
BMRN
$12.5B
| $595M | 0.6% |
7,040,173
-1,291,227
| -15% | -$97.5M |
|
|
44
Eli Lilly
LLY
$1.05T
| $593M | 0.6% |
4,512,478
+3,157,292
| +233% | +$366M |
|
|
EXAS
45
DELISTED
Exact Sciences
EXAS
| $520M | 0.53% |
5,626,999
+202,478
| +4% | +$17.8M |
|
|
46
Boston Scientific
BSX
$67.9B
| $514M | 0.52% |
11,358,459
+9,545,336
| +526% | +$399M |
|
47
Twilio
TWLO
$36.5B
| $438M | 0.44% |
4,461,193
-381,141
| -8% | -$38.9M |
|
48
American Electric Power
AEP
$66.6B
| $409M | 0.41% |
4,328,648
+172,972
| +4% | +$16M |
|
49
Constellation Brands
STZ
$22.3B
| $381M | 0.38% |
2,005,320
+65,469
| +3% | +$12.4M |
|
|
XYZ
50
Block Inc
XYZ
$50.2B
| $367M | 0.37% |
5,871,146
-2,587,909
| -31% | -$165M |
|
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 $6.19B 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 28% 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.