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 | 24.9% |
| 2 | Consumer Discretionary | 17.13% |
| 3 | Healthcare | 13.93% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Select Water Solutions
WTTR
$2.29B
| $3.45M | ﹤0.01% |
397,993
-358,785
| -47% | -$3.29M |
|
|
RUBY
477
DELISTED
Rubius Therapeutics, Inc
RUBY
| $3.41M | ﹤0.01% |
434,550
-43,843
| -9% | -$511K |
|
478
ProPetro Holding
PUMP
$1.37B
| $3.35M | ﹤0.01% |
368,623
-1,458
| -0.4% | -$20.2K |
|
479
Viking Therapeutics
VKTX
$3.8B
| $3.19M | ﹤0.01% |
463,948
-43,631
| -9% | -$324K |
|
|
SBT
480
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $3.16M | ﹤0.01% |
323,807
+23,203
| +8% | +$226K |
|
|
TPIC
481
DELISTED
TPI Composites
TPIC
| $3.11M | ﹤0.01% |
165,667
-455
| -0.3% | -$9.71K |
|
482
Amgen
AMGN
$204B
| $2.6M | ﹤0.01% |
13,443
-6,373
| -32% | -$1.22M |
|
483
Plains GP Holdings
PAGP
$5.15B
| $2.52M | ﹤0.01% |
118,918
+2,740
| +2% | +$63.3K |
|
484
State Street SPDR S&P Metals & Mining ETF
XME
$3.94B
| $2.47M | ﹤0.01% |
96,924
+931
| +1% | +$24.9K |
|
485
eBay
EBAY
$47.6B
| $2.21M | ﹤0.01% |
56,673
+6,195
| +12% | +$248K |
|
486
VF Corp
VFC
$5.87B
| $2.03M | ﹤0.01% |
+22,762
| New | +$1.94M |
|
|
ETRN
487
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $1.99M | ﹤0.01% |
136,953
+3,155
| +2% | +$48.5K |
|
488
Oracle
ORCL
$409B
| $1.98M | ﹤0.01% |
35,983
-1,304
| -3% | -$72K |
|
|
DFS
489
DELISTED
Discover Financial Services
DFS
| $1.96M | ﹤0.01% |
24,187
-2,249
| -9% | -$186K |
|
490
HCA Healthcare
HCA
$88B
| $1.96M | ﹤0.01% |
16,273
-1,508
| -8% | -$195K |
|
491
Allison Transmission
ALSN
$9.65B
| $1.85M | ﹤0.01% |
+39,265
| New | +$1.78M |
|
492
Home BancShares
HOMB
$6.27B
| $1.82M | ﹤0.01% |
96,613
+5,981
| +7% | +$112K |
|
493
International Bancshares
IBOC
$4.74B
| $1.81M | ﹤0.01% |
46,936
-690
| -1% | -$25.3K |
|
494
United Airlines
UAL
$41.7B
| $1.77M | ﹤0.01% |
+20,005
| New | +$1.77M |
|
495
Western Union
WU
$2.04B
| $1.76M | ﹤0.01% |
76,092
-15,020
| -16% | -$324K |
|
496
iShares MSCI ACWI ETF
ACWI
$32.8B
| $1.75M | ﹤0.01% |
23,668
+6,580
| +39% | +$482K |
|
|
GWB
497
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.71M | ﹤0.01% |
51,703
-486
| -0.9% | -$15.7K |
|
498
Omnicom Group
OMC
$21.7B
| $1.64M | ﹤0.01% |
20,973
-1,144
| -5% | -$90.9K |
|
499
MakeMyTrip
MMYT
$5.81B
| $1.64M | ﹤0.01% |
72,079
| – | – |
|
|
CIR
500
DELISTED
CIRCOR International, Inc
CIR
| $1.63M | ﹤0.01% |
+43,285
| New | +$1.65M |
|
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 $4.41B 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, up 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.