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 | |
|---|---|---|---|---|---|---|
476
Home BancShares
HOMB
$6.18B
| $1.16M | ﹤0.01% |
96,704
+2,285
| +2% | +$39.6K |
|
|
SEM
477
DELISTED
Select Medical
SEM
| $1.16M | ﹤0.01% |
143,250
+4,666
| +3% | +$55.4K |
|
478
KBR
KBR
$4.8B
| $1.16M | ﹤0.01% |
55,891
+34,082
| +156% | +$881K |
|
479
LXP Industrial Trust
LXP
$3.57B
| $1.16M | ﹤0.01% |
23,275
-6,824
| -23% | -$361K |
|
480
Best Buy
BBY
$17.3B
| $1.15M | ﹤0.01% |
+20,252
| New | +$1.61M |
|
481
Cirrus Logic
CRUS
$6.26B
| $1.15M | ﹤0.01% |
+17,526
| New | +$1.3M |
|
482
Arch Capital
ACGL
$33.6B
| $1.15M | ﹤0.01% |
+40,376
| New | +$1.64M |
|
483
FTI Consulting
FCN
$4.18B
| $1.14M | ﹤0.01% |
9,531
-190
| -2% | -$22.4K |
|
484
Paychex
PAYX
$42.7B
| $1.12M | ﹤0.01% |
17,733
+10,481
| +145% | +$837K |
|
|
ARCE
485
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $1.1M | ﹤0.01% |
+26,121
| New | +$1.29M |
|
486
AbbVie
ABBV
$435B
| $1.1M | ﹤0.01% |
+14,433
| New | +$1.23M |
|
487
Johnson & Johnson
JNJ
$625B
| $1.08M | ﹤0.01% |
+8,248
| New | +$1.17M |
|
488
Globant
GLOB
$1.61B
| $1.06M | ﹤0.01% |
+12,111
| New | +$1.35M |
|
489
Federal Signal
FSS
$7.83B
| $1.06M | ﹤0.01% |
38,757
+916
| +2% | +$28.5K |
|
|
SIX
490
DELISTED
Six Flags Entertainment Corp.
SIX
| $1.03M | ﹤0.01% |
+82,554
| New | +$2.46M |
|
491
Omnicom Group
OMC
$23.4B
| $1.02M | ﹤0.01% |
18,623
-6,459
| -26% | -$458K |
|
492
CME Group
CME
$94.8B
| $995K | ﹤0.01% |
5,753
+4,271
| +288% | +$850K |
|
493
Republic Services
RSG
$65.7B
| $994K | ﹤0.01% |
+13,242
| New | +$1.2M |
|
494
Western Union
WU
$2.21B
| $966K | ﹤0.01% |
53,279
-16,270
| -23% | -$399K |
|
495
Artisan Partners
APAM
$3.02B
| $958K | ﹤0.01% |
44,582
+28,629
| +179% | +$858K |
|
496
Diamondrock Hospitality Co
DRH
$2.56B
| $958K | ﹤0.01% |
+188,575
| New | +$1.63M |
|
497
Cogent Communications
CCOI
$508M
| $944K | ﹤0.01% |
11,512
+4,404
| +62% | +$333K |
|
|
SCS
498
DELISTED
Steelcase
SCS
| $919K | ﹤0.01% |
+93,106
| New | +$1.54M |
|
|
CEQP
499
DELISTED
Crestwood Equity Partners LP
CEQP
| $911K | ﹤0.01% |
215,304
-23,286
| -10% | -$504K |
|
500
Evertec
EVTC
$1.78B
| $909K | ﹤0.01% |
39,999
+9,967
| +33% | +$305K |
|
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.