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 | |
|---|---|---|---|---|---|---|
|
QVCGA
501
DELISTED
QVC Group Inc Series A
QVCGA
| $1.37M | ﹤0.01% |
3,340
-6,932
| -67% | -$3.12M |
|
502
Benchmark Electronics
BHE
$2.87B
| $1.36M | ﹤0.01% |
39,731
+4,500
| +13% | +$148K |
|
503
Hershey
HSY
$35.5B
| $1.3M | ﹤0.01% |
8,848
+6,082
| +220% | +$902K |
|
504
Tyler Technologies
TYL
$12.7B
| $1.3M | ﹤0.01% |
+4,322
| New | +$1.2M |
|
505
eBay
EBAY
$50.6B
| $1.29M | ﹤0.01% |
35,765
-20,908
| -37% | -$757K |
|
|
HT
506
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.28M | ﹤0.01% |
88,080
-1,960,871
| -96% | -$27.8M |
|
|
VMW
507
DELISTED
VMware, Inc
VMW
| $1.24M | ﹤0.01% |
8,180
-1,808
| -18% | -$283K |
|
508
Dana Inc
DAN
$2.9B
| $1.24M | ﹤0.01% |
67,830
+313
| +0.5% | +$5.22K |
|
509
Federal Signal
FSS
$7.62B
| $1.22M | ﹤0.01% |
37,841
-3,849
| -9% | -$126K |
|
510
Hilltop Holdings
HTH
$2.26B
| $1.21M | ﹤0.01% |
48,568
+501
| +1% | +$12.2K |
|
|
AMED
511
DELISTED
Amedisys
AMED
| $1.19M | ﹤0.01% |
7,142
-2,029
| -22% | -$302K |
|
|
TGNA
512
DELISTED
TEGNA Inc
TGNA
| $1.18M | ﹤0.01% |
70,626
-14,698
| -17% | -$229K |
|
513
Vishay Intertechnology
VSH
$5.25B
| $1.17M | ﹤0.01% |
55,008
-1,778
| -3% | -$34.5K |
|
514
Amkor Technology
AMKR
$12.4B
| $1.14M | ﹤0.01% |
87,639
-22,372
| -20% | -$267K |
|
515
NovoCure
NVCR
$1.73B
| $1.13M | ﹤0.01% |
13,380
-2,754
| -17% | -$222K |
|
|
LTC
516
LTC Properties
LTC
$2.06B
| $1.1M | ﹤0.01% |
24,684
-464
| -2% | -$22.3K |
|
517
Federated Hermes
FHI
$4.55B
| $1.09M | ﹤0.01% |
33,353
-1,105
| -3% | -$36.1K |
|
518
iShares North American Natural Resources ETF
IGE
$741M
| $1.09M | ﹤0.01% |
36,115
+28,038
| +347% | +$818K |
|
519
FTI Consulting
FCN
$4.4B
| $1.08M | ﹤0.01% |
9,721
-587
| -6% | -$64.1K |
|
520
First Financial Bancorp
FFBC
$3.55B
| $1.06M | ﹤0.01% |
41,699
-1,507
| -3% | -$36.7K |
|
521
The Ensign Group
ENSG
$10.4B
| $1.04M | ﹤0.01% |
22,913
-2,010
| -8% | -$84.8K |
|
522
Asbury Automotive
ABG
$4.31B
| $1.03M | ﹤0.01% |
9,212
-330
| -3% | -$35.5K |
|
523
Evertec
EVTC
$1.88B
| $1.02M | ﹤0.01% |
30,032
-1,186
| -4% | -$37.6K |
|
524
Radian Group
RDN
$5.18B
| $1.01M | ﹤0.01% |
40,189
+13,716
| +52% | +$341K |
|
525
Okta
OKTA
$24.7B
| $1M | ﹤0.01% |
8,710
+5,780
| +197% | +$665K |
|
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.