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 |
lululemon athletica
LULU
|
+$545M |
| 2 |
Danaher
DHR
|
+$429M |
| 3 |
PayPal
PYPL
|
+$426M |
| 4 |
XYZ
Block Inc
XYZ
|
+$397M |
| 5 |
Intuitive Surgical
ISRG
|
+$389M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$724M |
| 2 |
McDonald's
MCD
|
+$704M |
| 3 |
UnitedHealth
UNH
|
+$675M |
| 4 |
JPMorgan Chase
JPM
|
+$570M |
| 5 |
Booking.com
BKNG
|
+$559M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.98% |
| 2 | Healthcare | 17.07% |
| 3 | Consumer Discretionary | 16.52% |
| 4 | Financials | 12.13% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RNTX
476
Rein Therapeutics
RNTX
$65.3M
| $3.83M | ﹤0.01% |
102,013
+88,404
| +650% | +$2.75M |
|
477
RenaissanceRe
RNR
$13.4B
| $3.77M | ﹤0.01% |
26,298
+2,639
| +11% | +$369K |
|
478
State Street SPDR S&P Metals & Mining ETF
XME
$4.12B
| $3.14M | ﹤0.01% |
105,851
+26,690
| +34% | +$791K |
|
|
SBT
479
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $3.05M | ﹤0.01% |
300,604
-25,867
| -8% | -$239K |
|
480
iShares Russell 1000 Growth ETF
IWF
$127B
| $2.99M | ﹤0.01% |
78,916
-936,368
| -92% | -$33.6M |
|
|
XENT
481
DELISTED
Intersect ENT, Inc
XENT
| $2.82M | ﹤0.01% |
+87,801
| New | +$2.72M |
|
482
HCA Healthcare
HCA
$86.8B
| $2.39M | ﹤0.01% |
18,313
+1,949
| +12% | +$262K |
|
483
Ferrari
RACE
$70.8B
| $2.17M | ﹤0.01% |
16,205
+9,009
| +125% | +$1.1M |
|
484
Micron Technology
MU
$1.01T
| $2.12M | ﹤0.01% |
51,227
-16,050
| -24% | -$620K |
|
485
Southwest Airlines
LUV
$23.8B
| $2.09M | ﹤0.01% |
+40,247
| New | +$2.12M |
|
|
DFS
486
DELISTED
Discover Financial Services
DFS
| $2.07M | ﹤0.01% |
29,081
-927
| -3% | -$63.5K |
|
|
VMW
487
DELISTED
VMware, Inc
VMW
| $2.03M | ﹤0.01% |
11,254
-215
| -2% | -$35K |
|
488
Oracle
ORCL
$420B
| $2.02M | ﹤0.01% |
+37,559
| New | +$1.91M |
|
489
Omnicom Group
OMC
$22.4B
| $2M | ﹤0.01% |
27,386
+19,986
| +270% | +$1.5M |
|
490
MakeMyTrip
MMYT
$5.95B
| $1.99M | ﹤0.01% |
72,079
| – | – |
|
491
Cummins
CMI
$87.8B
| $1.95M | ﹤0.01% |
+12,338
| New | +$1.85M |
|
492
Synchrony
SYF
$25.7B
| $1.92M | ﹤0.01% |
+60,241
| New | +$1.81M |
|
493
eBay
EBAY
$48.7B
| $1.92M | ﹤0.01% |
51,599
-972,172
| -95% | -$33.7M |
|
|
CTXS
494
DELISTED
Citrix Systems Inc
CTXS
| $1.85M | ﹤0.01% |
18,567
+623
| +3% | +$64.6K |
|
495
International Bancshares
IBOC
$4.74B
| $1.8M | ﹤0.01% |
47,318
-637
| -1% | -$24.1K |
|
496
Western Union
WU
$2.28B
| $1.8M | ﹤0.01% |
+97,455
| New | +$1.75M |
|
|
PMT
497
PennyMac Mortgage Investment
PMT
$831M
| $1.72M | ﹤0.01% |
83,097
+9,657
| +13% | +$194K |
|
498
RBC Bearings
RBC
$17.9B
| $1.72M | ﹤0.01% |
13,523
-250
| -2% | -$33.6K |
|
499
Sabra Healthcare REIT
SBRA
$5.21B
| $1.72M | ﹤0.01% |
88,063
+8,099
| +10% | +$153K |
|
|
LTHM
500
DELISTED
Livent Corporation
LTHM
| $1.71M | ﹤0.01% |
+139,161
| New | +$1.81M |
|
Similar funds
Jennison Associates's Q1 2019 Portfolio in Review
As of Q1 2019, Jennison Associates held 723 positions worth $101B, up 13% from $89.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Jennison Associates withdrew a net $3.72B in Q1 2019, closing 96 positions and reducing 294 holdings. Its most notable exit was Booking.com, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Danaher worth $490M.
- Jennison Associates's largest Q1 2019 buy was Danaher: 4,186,042 shares worth $490M.
- Jennison Associates added most to lululemon athletica in Q1 2019, an estimated $545M increase.
- Jennison Associates's biggest Q1 2019 reduction was Goldman Sachs, cutting an estimated $724M.
- Jennison Associates fully exited Booking.com in Q1 2019, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 31% of its $101B portfolio in Q1 2019.
- Jennison Associates opened 83 new positions and closed 96 in Q1 2019.
- Jennison Associates's portfolio value rose 13% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2019, filed 10 May 2019.