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 | |
|---|---|---|---|---|---|---|
501
Herbalife
HLF
$1.29B
| $1.69M | ﹤0.01% |
31,839
+8,978
| +39% | +$516K |
|
502
New Jersey Resources
NJR
$5.84B
| $1.65M | ﹤0.01% |
33,198
+13,544
| +69% | +$645K |
|
|
GWB
503
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.63M | ﹤0.01% |
51,699
+128
| +0.2% | +$4.44K |
|
504
Home BancShares
HOMB
$6.23B
| $1.57M | ﹤0.01% |
89,301
+38,816
| +77% | +$720K |
|
505
Sutro Biopharma
STRO
$401M
| $1.57M | ﹤0.01% |
13,779
+474
| +4% | +$49.3K |
|
|
CHSP
506
DELISTED
Chesapeake Lodging Trust
CHSP
| $1.57M | ﹤0.01% |
56,319
+20,369
| +57% | +$574K |
|
507
ASML
ASML
$626B
| $1.56M | ﹤0.01% |
8,283
+6,806
| +461% | +$1.2M |
|
508
CACI
CACI
$11B
| $1.54M | ﹤0.01% |
8,444
-3,085
| -27% | -$526K |
|
|
CVA
509
DELISTED
Covanta Holding Corporation
CVA
| $1.51M | ﹤0.01% |
87,520
-21,090
| -19% | -$344K |
|
|
AVX
510
DELISTED
AVX Corporation
AVX
| $1.48M | ﹤0.01% |
85,277
+10,929
| +15% | +$191K |
|
|
XHR
511
Xenia Hotels & Resorts
XHR
$1.9B
| $1.47M | ﹤0.01% |
67,023
+29,092
| +77% | +$554K |
|
|
LTC
512
LTC Properties
LTC
$2.06B
| $1.45M | ﹤0.01% |
31,616
+12,602
| +66% | +$566K |
|
513
Progressive
PGR
$123B
| $1.43M | ﹤0.01% |
+19,816
| New | +$1.36M |
|
514
KBR
KBR
$4.62B
| $1.41M | ﹤0.01% |
+73,788
| New | +$1.33M |
|
515
CareDx
CDNA
$2.26B
| $1.41M | ﹤0.01% |
44,664
| – | – |
|
516
Regeneron Pharmaceuticals
REGN
$78.5B
| $1.4M | ﹤0.01% |
+3,415
| New | +$1.41M |
|
517
Nexstar Media Group
NXST
$5.82B
| $1.4M | ﹤0.01% |
12,880
+2,060
| +19% | +$190K |
|
518
Dell
DELL
$262B
| $1.4M | ﹤0.01% |
+46,910
| New | +$1.24M |
|
519
Charles River Laboratories
CRL
$11.2B
| $1.38M | ﹤0.01% |
+9,490
| New | +$1.25M |
|
520
Evercore
EVR
$12.4B
| $1.31M | ﹤0.01% |
+14,396
| New | +$1.26M |
|
|
SC
521
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $1.26M | ﹤0.01% |
59,713
+29,958
| +101% | +$597K |
|
522
FTI Consulting
FCN
$4.4B
| $1.25M | ﹤0.01% |
16,241
-5,646
| -26% | -$398K |
|
|
SEM
523
DELISTED
Select Medical
SEM
| $1.18M | ﹤0.01% |
155,999
+1,365
| +0.9% | +$11K |
|
|
WPG
524
DELISTED
Washington Prime Group Inc.
WPG
| $1.15M | ﹤0.01% |
22,565
+3,065
| +16% | +$150K |
|
525
Employers Holdings
EIG
$908M
| $1.14M | ﹤0.01% |
28,314
+13,883
| +96% | +$586K |
|
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.