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 | |
|---|---|---|---|---|---|---|
526
NovoCure
NVCR
$1.73B
| $1.21M | ﹤0.01% |
16,134
+102
| +0.6% | +$8.16K |
|
|
AMED
527
DELISTED
Amedisys
AMED
| $1.2M | ﹤0.01% |
9,171
-136
| -1% | -$17.7K |
|
528
CVR Energy
CVI
$3.58B
| $1.18M | ﹤0.01% |
26,895
+3,089
| +13% | +$144K |
|
529
Arbutus Biopharma
ABUS
$857M
| $1.17M | ﹤0.01% |
765,124
+137,125
| +22% | +$236K |
|
530
Hilltop Holdings
HTH
$2.26B
| $1.15M | ﹤0.01% |
+48,067
| New | +$1.1M |
|
531
RBC Bearings
RBC
$17.4B
| $1.15M | ﹤0.01% |
6,914
-6,738
| -49% | -$1.09M |
|
532
Commercial Metals
CMC
$7.6B
| $1.13M | ﹤0.01% |
+64,853
| New | +$1.11M |
|
533
Emcor
EME
$35.2B
| $1.12M | ﹤0.01% |
+12,990
| New | +$1.11M |
|
534
Federated Hermes
FHI
$4.55B
| $1.12M | ﹤0.01% |
+34,458
| New | +$1.13M |
|
535
The Ensign Group
ENSG
$10.4B
| $1.11M | ﹤0.01% |
24,923
+35
| +0.1% | +$1.73K |
|
536
FTI Consulting
FCN
$4.4B
| $1.09M | ﹤0.01% |
10,308
-6,088
| -37% | -$621K |
|
537
Yum! Brands
YUM
$42.2B
| $1.09M | ﹤0.01% |
9,591
+3,701
| +63% | +$423K |
|
538
CareTrust REIT
CTRE
$9.91B
| $1.08M | ﹤0.01% |
46,037
+2,467
| +6% | +$57.9K |
|
539
PagSeguro Digital
PAGS
$2.69B
| $1.07M | ﹤0.01% |
23,137
-12,874
| -36% | -$598K |
|
540
First Financial Bancorp
FFBC
$3.55B
| $1.06M | ﹤0.01% |
43,206
+816
| +2% | +$19.7K |
|
541
Terex
TEX
$7.18B
| $1.05M | ﹤0.01% |
40,269
-613,854
| -94% | -$16.9M |
|
|
CELG
542
DELISTED
Celgene Corp
CELG
| $1.05M | ﹤0.01% |
10,530
-92,578
| -90% | -$8.8M |
|
543
Benchmark Electronics
BHE
$2.87B
| $1.02M | ﹤0.01% |
+35,231
| New | +$941K |
|
544
Cohen & Steers
CNS
$4.23B
| $1.01M | ﹤0.01% |
18,460
-169
| -0.9% | -$8.94K |
|
545
Match Group
MTCH
$9.19B
| $1.01M | ﹤0.01% |
14,122
-11,623
| -45% | -$906K |
|
546
Amkor Technology
AMKR
$12.4B
| $1M | ﹤0.01% |
110,011
-11,775
| -10% | -$101K |
|
547
OFG Bancorp
OFG
$2.23B
| $995K | ﹤0.01% |
45,423
-670
| -1% | -$14.7K |
|
|
AAT
548
American Assets Trust
AAT
$1.45B
| $994K | ﹤0.01% |
+21,267
| New | +$998K |
|
549
Asbury Automotive
ABG
$4.31B
| $976K | ﹤0.01% |
9,542
-140
| -1% | -$12.9K |
|
550
Dana Inc
DAN
$2.9B
| $975K | ﹤0.01% |
+67,517
| New | +$1.05M |
|
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.