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 | 27.36% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.26% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Northrop Grumman
NOC
$77.9B
| $1.87M | ﹤0.01% |
5,431
+4,186
| +336% | +$1.47M |
|
477
Western Union
WU
$2.04B
| $1.86M | ﹤0.01% |
69,549
-6,543
| -9% | -$170K |
|
478
Home BancShares
HOMB
$6.27B
| $1.86M | ﹤0.01% |
94,419
-2,194
| -2% | -$41.4K |
|
479
LPL Financial
LPLA
$28.8B
| $1.84M | ﹤0.01% |
+19,927
| New | +$1.71M |
|
|
ETRN
480
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $1.81M | ﹤0.01% |
135,412
-1,541
| -1% | -$19.1K |
|
481
United Airlines
UAL
$41.7B
| $1.81M | ﹤0.01% |
20,509
+504
| +3% | +$45.2K |
|
|
DHR.PRA
482
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $1.78M | ﹤0.01% |
1,513
-25,070
| -94% | -$28.2M |
|
483
Advanced Micro Devices
AMD
$790B
| $1.74M | ﹤0.01% |
38,015
-824,508
| -96% | -$30.4M |
|
|
SEM
484
DELISTED
Select Medical
SEM
| $1.74M | ﹤0.01% |
138,584
-11,438
| -8% | -$123K |
|
|
GWB
485
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.73M | ﹤0.01% |
49,901
-1,802
| -3% | -$62.3K |
|
486
iShares MSCI ACWI ETF
ACWI
$32.8B
| $1.68M | ﹤0.01% |
21,250
-2,418
| -10% | -$185K |
|
487
MakeMyTrip
MMYT
$5.81B
| $1.62M | ﹤0.01% |
70,718
-1,361
| -2% | -$32.9K |
|
488
Arcosa
ACA
$7.14B
| $1.61M | ﹤0.01% |
36,112
-104,188
| -74% | -$4.01M |
|
489
LXP Industrial Trust
LXP
$3.56B
| $1.6M | ﹤0.01% |
30,099
-1,088
| -3% | -$58.2K |
|
490
Ecolab
ECL
$78.6B
| $1.6M | ﹤0.01% |
8,277
+6,589
| +390% | +$1.25M |
|
491
KKR & Co
KKR
$95.7B
| $1.58M | ﹤0.01% |
+54,078
| New | +$1.54M |
|
|
SF
492
Stifel
SF
$12.7B
| $1.55M | ﹤0.01% |
57,613
-2,091
| -4% | -$54.7K |
|
493
Maximus
MMS
$3.27B
| $1.52M | ﹤0.01% |
20,411
+247
| +1% | +$18.6K |
|
494
Merit Medical Systems
MMSI
$5.11B
| $1.51M | ﹤0.01% |
48,273
-985,698
| -95% | -$28.2M |
|
495
Kennametal
KMT
$2.66B
| $1.49M | ﹤0.01% |
40,467
-7,980
| -16% | -$267K |
|
496
Methode Electronics
MEI
$499M
| $1.47M | ﹤0.01% |
37,457
-1,254
| -3% | -$45.5K |
|
497
Copart
CPRT
$27.2B
| $1.47M | ﹤0.01% |
+64,680
| New | +$1.38M |
|
|
DENN
498
DELISTED
Denny's
DENN
| $1.44M | ﹤0.01% |
72,182
+45,429
| +170% | +$936K |
|
|
KNL
499
DELISTED
Knoll, Inc.
KNL
| $1.42M | ﹤0.01% |
56,134
-2,028
| -3% | -$53.6K |
|
500
UFP Industries
UFPI
$5.18B
| $1.39M | ﹤0.01% |
29,118
-2,528
| -8% | -$119K |
|
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 $6.18B 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 27% 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.