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 | |
|---|---|---|---|---|---|---|
501
LXP Industrial Trust
LXP
$3.57B
| $1.6M | ﹤0.01% |
31,187
+6,317
| +25% | +$316K |
|
502
Synchrony
SYF
$24.7B
| $1.59M | ﹤0.01% |
46,771
-7,781
| -14% | -$267K |
|
503
Maximus
MMS
$3.17B
| $1.56M | ﹤0.01% |
+20,164
| New | +$1.53M |
|
504
Employers Holdings
EIG
$922M
| $1.55M | ﹤0.01% |
35,486
-383
| -1% | -$16.6K |
|
505
NorthWestern Energy
NWE
$4.23B
| $1.54M | ﹤0.01% |
20,504
+6,400
| +45% | +$462K |
|
|
SF
506
Stifel
SF
$12.6B
| $1.52M | ﹤0.01% |
+59,704
| New | +$1.5M |
|
|
CBPX
507
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.52M | ﹤0.01% |
55,802
+6,017
| +12% | +$152K |
|
508
Ethan Allen Interiors
ETD
$570M
| $1.52M | ﹤0.01% |
79,471
+7,350
| +10% | +$140K |
|
|
VMW
509
DELISTED
VMware, Inc
VMW
| $1.5M | ﹤0.01% |
9,988
-249
| -2% | -$39.2K |
|
510
Kennametal
KMT
$2.59B
| $1.49M | ﹤0.01% |
+48,447
| New | +$1.54M |
|
|
KNL
511
DELISTED
Knoll, Inc.
KNL
| $1.47M | ﹤0.01% |
58,162
-1,467
| -2% | -$34.8K |
|
|
AXE
512
DELISTED
Anixter International Inc
AXE
| $1.42M | ﹤0.01% |
20,603
+5,904
| +40% | +$362K |
|
513
Vanguard Russell 1000 Growth ETF
VONG
$42.8B
| $1.4M | ﹤0.01% |
+34,056
| New | +$1.4M |
|
|
TECD
514
DELISTED
Tech Data Corp
TECD
| $1.38M | ﹤0.01% |
13,219
+2,277
| +21% | +$222K |
|
515
Federal Signal
FSS
$7.62B
| $1.36M | ﹤0.01% |
+41,690
| New | +$1.24M |
|
516
KB Home
KBH
$3.37B
| $1.34M | ﹤0.01% |
+39,370
| New | +$1.1M |
|
|
SEM
517
DELISTED
Select Medical
SEM
| $1.34M | ﹤0.01% |
150,022
+24,007
| +19% | +$210K |
|
518
Atkore
ATKR
$2.46B
| $1.34M | ﹤0.01% |
44,092
-143
| -0.3% | -$4.02K |
|
|
TGNA
519
DELISTED
TEGNA Inc
TGNA
| $1.32M | ﹤0.01% |
85,324
+36,036
| +73% | +$545K |
|
520
Cadence Design Systems
CDNS
$93.6B
| $1.32M | ﹤0.01% |
20,028
-903
| -4% | -$63.5K |
|
521
Sutro Biopharma
STRO
$401M
| $1.31M | ﹤0.01% |
14,431
-1,456
| -9% | -$147K |
|
522
Methode Electronics
MEI
$496M
| $1.3M | ﹤0.01% |
+38,711
| New | +$1.17M |
|
|
LTC
523
LTC Properties
LTC
$2.06B
| $1.29M | ﹤0.01% |
25,148
-14,885
| -37% | -$718K |
|
524
UFP Industries
UFPI
$4.9B
| $1.26M | ﹤0.01% |
31,646
-3,640
| -10% | -$142K |
|
|
RNTX
525
Rein Therapeutics
RNTX
$63.1M
| $1.23M | ﹤0.01% |
91,648
-10,265
| -10% | -$142K |
|
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.