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 | |
|---|---|---|---|---|---|---|
526
American Airlines Group
AAL
$10.1B
| $980K | ﹤0.01% |
+34,163
| New | +$974K |
|
527
G-III Apparel Group
GIII
$1.54B
| $976K | ﹤0.01% |
29,120
-2,669
| -8% | -$75.6K |
|
|
EVRI
528
DELISTED
Everi Holdings
EVRI
| $970K | ﹤0.01% |
72,258
-2,601
| -3% | -$29.7K |
|
529
DigitalBridge
DBRG
$2.93B
| $968K | ﹤0.01% |
50,935
-862,074
| -94% | -$17.8M |
|
|
AAT
530
American Assets Trust
AAT
$1.45B
| $942K | ﹤0.01% |
20,521
-746
| -4% | -$34.8K |
|
|
KW
531
DELISTED
Kennedy-Wilson Holdings
KW
| $915K | ﹤0.01% |
41,042
+1,256
| +3% | +$28.1K |
|
|
TPH
532
DELISTED
Tri Pointe Homes
TPH
| $899K | ﹤0.01% |
57,697
+8,103
| +16% | +$125K |
|
533
Generac Holdings
GNRC
$11.6B
| $888K | ﹤0.01% |
8,823
-429
| -5% | -$39.9K |
|
534
Atkore
ATKR
$2.46B
| $883K | ﹤0.01% |
21,830
-22,262
| -50% | -$824K |
|
535
Builders FirstSource
BLDR
$7.15B
| $878K | ﹤0.01% |
34,544
+247
| +0.7% | +$5.9K |
|
536
American Eagle Outfitters
AEO
$2.88B
| $870K | ﹤0.01% |
59,180
+9,384
| +19% | +$143K |
|
|
ARNA
537
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $864K | ﹤0.01% |
19,030
+1,203
| +7% | +$56.9K |
|
538
CBIZ
CBZ
$2.99B
| $853K | ﹤0.01% |
+31,655
| New | +$824K |
|
|
TMHC
539
DELISTED
Taylor Morrison
TMHC
| $848K | ﹤0.01% |
38,791
+18,472
| +91% | +$444K |
|
540
Synchrony
SYF
$24.7B
| $829K | ﹤0.01% |
23,033
-23,738
| -51% | -$850K |
|
541
Accenture
ACN
$102B
| $828K | ﹤0.01% |
+3,930
| New | +$766K |
|
542
Medpace
MEDP
$16.1B
| $814K | ﹤0.01% |
9,681
-249
| -3% | -$19.3K |
|
|
BMCH
543
DELISTED
BMC Stock Holdings, Inc
BMCH
| $784K | ﹤0.01% |
27,321
-984
| -3% | -$27.7K |
|
544
Portland General Electric
POR
$5.71B
| $777K | ﹤0.01% |
+13,928
| New | +$778K |
|
545
Black Hills Corp
BKH
$5.42B
| $744K | ﹤0.01% |
9,478
-1,033
| -10% | -$79.6K |
|
546
Emcor
EME
$35.2B
| $742K | ﹤0.01% |
8,599
-4,391
| -34% | -$386K |
|
547
Winnebago Industries
WGO
$856M
| $720K | ﹤0.01% |
13,583
-487
| -3% | -$22.8K |
|
548
Electronic Arts
EA
$53B
| $705K | ﹤0.01% |
+6,559
| New | +$651K |
|
|
XHR
549
Xenia Hotels & Resorts
XHR
$1.9B
| $684K | ﹤0.01% |
31,631
-1,137
| -3% | -$24K |
|
550
Mativ Holdings
MATV
$481M
| $679K | ﹤0.01% |
16,169
-582
| -3% | -$24.2K |
|
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.