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 | 27.73% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.45% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $676K | ﹤0.01% |
+1,802
| New | +$651K |
|
552
KBR
KBR
$4.79B
| $665K | ﹤0.01% |
21,809
-11,260
| -34% | -$317K |
|
553
Norwegian Cruise Line
NCLH
$7.65B
| $665K | ﹤0.01% |
+11,380
| New | +$601K |
|
|
FBC
554
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $664K | ﹤0.01% |
17,372
-525
| -3% | -$19.6K |
|
555
RBC Bearings
RBC
$15.8B
| $662K | ﹤0.01% |
4,182
-2,732
| -40% | -$442K |
|
|
HMSY
556
DELISTED
HMS Holdings Corp.
HMSY
| $655K | ﹤0.01% |
22,132
-221
| -1% | -$6.78K |
|
557
Match Group
MTCH
$9.54B
| $654K | ﹤0.01% |
7,966
-6,156
| -44% | -$448K |
|
|
ALE
558
DELISTED
Allete
ALE
| $653K | ﹤0.01% |
+8,045
| New | +$666K |
|
|
MRC
559
DELISTED
MRC Global
MRC
| $650K | ﹤0.01% |
47,619
+13,481
| +39% | +$176K |
|
560
Charter Communications
CHTR
$18.3B
| $649K | ﹤0.01% |
+1,338
| New | +$616K |
|
561
Bruker
BRKR
$8.7B
| $648K | ﹤0.01% |
12,706
-838
| -6% | -$39.9K |
|
562
Terreno Realty
TRNO
$7.26B
| $645K | ﹤0.01% |
11,907
+688
| +6% | +$37.6K |
|
|
SBT
563
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $639K | ﹤0.01% |
78,924
-244,883
| -76% | -$2.28M |
|
|
TECD
564
DELISTED
Tech Data Corp
TECD
| $639K | ﹤0.01% |
4,447
-8,772
| -66% | -$1.13M |
|
565
Sun Communities
SUI
$15B
| $638K | ﹤0.01% |
+4,249
| New | +$662K |
|
566
Stryker
SYK
$127B
| $637K | ﹤0.01% |
+3,033
| New | +$630K |
|
567
Universal Insurance Holdings
UVE
$1.21B
| $634K | ﹤0.01% |
22,644
-815
| -3% | -$23.6K |
|
|
VRE
568
DELISTED
Veris Residential
VRE
| $629K | ﹤0.01% |
+27,214
| New | +$590K |
|
569
Bread Financial
BFH
$4.06B
| $628K | ﹤0.01% |
+7,017
| New | +$620K |
|
570
Chemed
CHE
$6.84B
| $628K | ﹤0.01% |
+1,429
| New | +$601K |
|
571
AMC Global Media
AMCX
$522M
| $627K | ﹤0.01% |
15,880
-534,995
| -97% | -$22.5M |
|
572
Fair Isaac
FICO
$24.9B
| $627K | ﹤0.01% |
1,674
-242
| -13% | -$81.4K |
|
573
Paylocity
PCTY
$8.38B
| $627K | ﹤0.01% |
5,193
-828
| -14% | -$90.7K |
|
574
Cohen & Steers
CNS
$4.25B
| $626K | ﹤0.01% |
9,967
-8,493
| -46% | -$537K |
|
575
Jazz Pharmaceuticals
JAZZ
$15.9B
| $623K | ﹤0.01% |
+4,176
| New | +$568K |
|
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 $6.19B 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 28% 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.