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 |
Eli Lilly
LLY
|
+$780M |
| 2 |
Uber
UBER
|
+$708M |
| 3 |
Goldman Sachs
GS
|
+$569M |
| 4 |
Microsoft
MSFT
|
+$430M |
| 5 |
Netflix
NFLX
|
+$415M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$973M |
| 2 |
Intuitive Surgical
ISRG
|
+$872M |
| 3 |
Nike
NKE
|
+$844M |
| 4 |
Edwards Lifesciences
EW
|
+$805M |
| 5 |
Corpay
CPAY
|
+$701M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.66% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Healthcare | 13.04% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 10.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SPLK
26
DELISTED
Splunk Inc
SPLK
| $829M | 1.01% |
6,568,690
+473,790
| +8% | +$69.7M |
|
27
PayPal
PYPL
$48.9B
| $775M | 0.94% |
8,097,277
-633,625
| -7% | -$70M |
|
28
S&P Global
SPGI
$121B
| $741M | 0.9% |
3,023,013
-144,416
| -5% | -$39.6M |
|
29
DexCom
DXCM
$31.5B
| $725M | 0.88% |
10,774,348
-3,060,684
| -22% | -$190M |
|
30
American Tower
AMT
$80.8B
| $709M | 0.86% |
3,255,974
+1,701,953
| +110% | +$396M |
|
31
BioMarin Pharmaceuticals
BMRN
$11.6B
| $694M | 0.84% |
8,214,463
+1,174,290
| +17% | +$101M |
|
32
ServiceNow
NOW
$115B
| $693M | 0.84% |
12,085,520
-2,913,175
| -19% | -$182M |
|
|
COUP
33
DELISTED
Coupa Software Incorporated
COUP
| $633M | 0.77% |
4,531,064
-185,157
| -4% | -$28.6M |
|
34
Boeing
BA
$171B
| $585M | 0.71% |
3,923,067
-374,137
| -9% | -$102M |
|
35
Union Pacific
UNP
$174B
| $574M | 0.7% |
4,070,473
-814,120
| -17% | -$135M |
|
36
Boston Scientific
BSX
$69.5B
| $557M | 0.68% |
17,067,819
+5,709,360
| +50% | +$223M |
|
37
RingCentral
RNG
$4.66B
| $555M | 0.67% |
2,618,422
+1,923,806
| +277% | +$396M |
|
|
38
Goldman Sachs
GS
$300B
| $551M | 0.67% |
3,562,391
+2,678,477
| +303% | +$569M |
|
39
Illumina
ILMN
$31B
| $481M | 0.58% |
1,809,527
-2,326,863
| -56% | -$651M |
|
40
Chipotle Mexican Grill
CMG
$47.2B
| $477M | 0.58% |
36,439,050
-6,525,150
| -15% | -$103M |
|
|
41
Intuitive Surgical
ISRG
$127B
| $466M | 0.57% |
2,823,675
-4,760,166
| -63% | -$872M |
|
42
Humana
HUM
$43.7B
| $394M | 0.48% |
1,256,095
+1,049,394
| +508% | +$354M |
|
43
Constellation Brands
STZ
$22.2B
| $388M | 0.47% |
2,708,253
+702,933
| +35% | +$124M |
|
44
Broadcom
AVGO
$1.85T
| $388M | 0.47% |
16,351,330
-10,827,200
| -40% | -$305M |
|
45
Twilio
TWLO
$30B
| $382M | 0.46% |
4,271,504
-189,689
| -4% | -$20.8M |
|
46
Trade Desk
TTD
$8.48B
| $355M | 0.43% |
18,415,670
+10,715,080
| +139% | +$277M |
|
47
Atlassian
TEAM
$25.6B
| $350M | 0.43% |
+2,552,272
| New | +$357M |
|
|
48
Corpay
CPAY
$25B
| $344M | 0.42% |
1,845,778
-2,540,483
| -58% | -$701M |
|
49
American Electric Power
AEP
$69.6B
| $342M | 0.42% |
4,271,272
-57,376
| -1% | -$5.43M |
|
50
Qualcomm
QCOM
$155B
| $326M | 0.4% |
4,825,806
-7,049,554
| -59% | -$578M |
|
Similar funds
Jennison Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Jennison Associates held 749 positions worth $82.3B, down 17% from $99.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates withdrew a net $4.86B in Q1 2020, closing 131 positions and reducing 247 holdings. Its most notable exit was Parker-Hannifin, an estimated $116M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Atlassian worth $350M.
- Jennison Associates's largest Q1 2020 buy was Atlassian: 2,552,272 shares worth $350M.
- Jennison Associates added most to Eli Lilly in Q1 2020, an estimated $780M increase.
- Jennison Associates's biggest Q1 2020 reduction was Walt Disney, cutting an estimated $973M.
- Jennison Associates fully exited Parker-Hannifin in Q1 2020, selling an estimated $116M.
- Jennison Associates's ten largest holdings make up 40% of its $82.3B portfolio in Q1 2020.
- Jennison Associates opened 131 new positions and closed 131 in Q1 2020.
- Jennison Associates's portfolio value fell 17% quarter-over-quarter to $82.3B.
Based on Jennison Associates's 13F filing for Q1 2020, filed 6 May 2020.