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 |
Eli Lilly
LLY
|
+$780M |
| 2 |
Uber
UBER
|
+$708M |
| 3 |
Goldman Sachs
GS
|
+$569M |
| 4 |
Microsoft
MSFT
|
+$430M |
| 5 |
Netflix
NFLX
|
+$415M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$973M |
| 2 |
Intuitive Surgical
ISRG
|
+$872M |
| 3 |
Nike
NKE
|
+$844M |
| 4 |
Edwards Lifesciences
EW
|
+$805M |
| 5 |
Corpay
CPAY
|
+$701M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.66% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Healthcare | 13.04% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 10.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Portland General Electric
POR
$5.71B
| $654K | ﹤0.01% |
13,645
-283
| -2% | -$15.9K |
|
527
KB Home
KBH
$3.49B
| $641K | ﹤0.01% |
+35,424
| New | +$1.13M |
|
528
HUB Group
HUBG
$2.83B
| $633K | ﹤0.01% |
+27,860
| New | +$699K |
|
529
Terreno Realty
TRNO
$7.2B
| $631K | ﹤0.01% |
12,195
+288
| +2% | +$15.9K |
|
530
Vishay Intertechnology
VSH
$5.03B
| $628K | ﹤0.01% |
43,575
-11,433
| -21% | -$216K |
|
531
Campbell Soup
CPB
$6.73B
| $626K | ﹤0.01% |
+13,557
| New | +$652K |
|
|
ETRN
532
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $615K | ﹤0.01% |
122,216
-13,196
| -10% | -$116K |
|
533
Atkore
ATKR
$3.16B
| $614K | ﹤0.01% |
29,130
+7,300
| +33% | +$262K |
|
|
EGOV
534
DELISTED
NIC Inc
EGOV
| $606K | ﹤0.01% |
+26,327
| New | +$537K |
|
535
Plains GP Holdings
PAGP
$5.02B
| $595K | ﹤0.01% |
106,121
-11,459
| -10% | -$161K |
|
536
Black Hills Corp
BKH
$5.54B
| $594K | ﹤0.01% |
9,280
-198
| -2% | -$15K |
|
537
TAL Education Group
TAL
$6.91B
| $588K | ﹤0.01% |
+11,045
| New | +$594K |
|
|
KNL
538
DELISTED
Knoll, Inc.
KNL
| $586K | ﹤0.01% |
56,809
+675
| +1% | +$13.4K |
|
539
Electronic Arts
EA
| $579K | ﹤0.01% |
5,782
-777
| -12% | -$81.8K |
|
540
First Financial Bancorp
FFBC
$3.55B
| $579K | ﹤0.01% |
38,833
-2,866
| -7% | -$61.5K |
|
541
MakeMyTrip
MMYT
$5.65B
| $575K | ﹤0.01% |
48,114
-22,604
| -32% | -$489K |
|
542
TJX Companies
TJX
$179B
| $572K | ﹤0.01% |
11,968
-19,893
| -62% | -$1.14M |
|
543
Radian Group
RDN
$4.82B
| $570K | ﹤0.01% |
44,001
+3,812
| +9% | +$83.3K |
|
|
ATH
544
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $567K | ﹤0.01% |
+22,862
| New | +$910K |
|
545
Builders FirstSource
BLDR
$7.8B
| $564K | ﹤0.01% |
46,109
+11,565
| +33% | +$261K |
|
546
Pathward Financial
CASH
$1.86B
| $564K | ﹤0.01% |
+25,947
| New | +$855K |
|
547
Mativ Holdings
MATV
$644M
| $558K | ﹤0.01% |
20,066
+3,897
| +24% | +$131K |
|
|
UCB
548
United Community Banks
UCB
$4.28B
| $552K | ﹤0.01% |
+30,153
| New | +$778K |
|
549
Steris
STE
$22.6B
| $550K | ﹤0.01% |
+3,932
| New | +$588K |
|
550
Charter Communications
CHTR
$18.8B
| $547K | ﹤0.01% |
1,254
-84
| -6% | -$41.1K |
|
Similar funds
Jennison Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Jennison Associates held 749 positions worth $82.3B, down 17% from $99.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates withdrew a net $4.86B in Q1 2020, closing 131 positions and reducing 247 holdings. Its most notable exit was Parker-Hannifin, an estimated $116M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Atlassian worth $350M.
- Jennison Associates's largest Q1 2020 buy was Atlassian: 2,552,272 shares worth $350M.
- Jennison Associates added most to Eli Lilly in Q1 2020, an estimated $780M increase.
- Jennison Associates's biggest Q1 2020 reduction was Walt Disney, cutting an estimated $973M.
- Jennison Associates fully exited Parker-Hannifin in Q1 2020, selling an estimated $116M.
- Jennison Associates's ten largest holdings make up 40% of its $82.3B portfolio in Q1 2020.
- Jennison Associates opened 131 new positions and closed 131 in Q1 2020.
- Jennison Associates's portfolio value fell 17% quarter-over-quarter to $82.3B.
Based on Jennison Associates's 13F filing for Q1 2020, filed 6 May 2020.