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 | |
|---|---|---|---|---|---|---|
551
Fox Class A
FOXA
$25.9B
| $547K | ﹤0.01% |
+23,169
| New | +$762K |
|
552
Booking.com
BKNG
$156B
| $546K | ﹤0.01% |
+10,150
| New | +$712K |
|
553
Axos Financial
AX
$5.78B
| $542K | ﹤0.01% |
+29,898
| New | +$751K |
|
554
Cadence Design Systems
CDNS
$93.2B
| $541K | ﹤0.01% |
+8,189
| New | +$568K |
|
555
QuidelOrtho
QDEL
$1.11B
| $541K | ﹤0.01% |
+5,527
| New | +$447K |
|
556
Fair Isaac
FICO
$22.3B
| $539K | ﹤0.01% |
1,752
+78
| +5% | +$28.7K |
|
|
AYX
557
DELISTED
Alteryx Inc
AYX
| $539K | ﹤0.01% |
+5,665
| New | +$704K |
|
|
ZNGA
558
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $535K | ﹤0.01% |
78,057
-20,104
| -20% | -$132K |
|
559
Applied Materials
AMAT
$419B
| $530K | ﹤0.01% |
+11,576
| New | +$665K |
|
560
Fortinet
FTNT
$117B
| $530K | ﹤0.01% |
+26,210
| New | +$562K |
|
561
MillerKnoll
MLKN
$1.61B
| $528K | ﹤0.01% |
+23,786
| New | +$822K |
|
562
Charles River Laboratories
CRL
$12.8B
| $526K | ﹤0.01% |
+4,169
| New | +$625K |
|
|
PDM
563
Piedmont Realty Trust
PDM
$1.18B
| $526K | ﹤0.01% |
+29,773
| New | +$642K |
|
|
BMCH
564
DELISTED
BMC Stock Holdings, Inc
BMCH
| $524K | ﹤0.01% |
29,556
+2,235
| +8% | +$58.3K |
|
565
Asbury Automotive
ABG
$3.88B
| $521K | ﹤0.01% |
9,435
+223
| +2% | +$19.4K |
|
566
Deckers Outdoor
DECK
$13.3B
| $520K | ﹤0.01% |
+23,280
| New | +$648K |
|
567
General Dynamics
GD
$105B
| $519K | ﹤0.01% |
+3,921
| New | +$651K |
|
568
H&R Block
HRB
$5.82B
| $518K | ﹤0.01% |
+36,772
| New | +$770K |
|
569
StoneCo
STNE
$2.69B
| $517K | ﹤0.01% |
+23,733
| New | +$905K |
|
570
KLA
KLAC
$252B
| $516K | ﹤0.01% |
+35,880
| New | +$578K |
|
571
Target
TGT
$66.8B
| $512K | ﹤0.01% |
+5,509
| New | +$612K |
|
572
Blackstone Mortgage Trust
BXMT
$2.33B
| $504K | ﹤0.01% |
+27,057
| New | +$919K |
|
|
TPH
573
DELISTED
Tri Pointe Homes
TPH
| $503K | ﹤0.01% |
57,400
-297
| -0.5% | -$4.34K |
|
|
BPYU
574
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $502K | ﹤0.01% |
+59,107
| New | +$959K |
|
575
AMC Global Media
AMCX
$490M
| $499K | ﹤0.01% |
20,539
+4,659
| +29% | +$158K |
|
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.