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 |
lululemon athletica
LULU
|
+$545M |
| 2 |
Danaher
DHR
|
+$429M |
| 3 |
PayPal
PYPL
|
+$426M |
| 4 |
XYZ
Block Inc
XYZ
|
+$397M |
| 5 |
Intuitive Surgical
ISRG
|
+$389M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$724M |
| 2 |
McDonald's
MCD
|
+$704M |
| 3 |
UnitedHealth
UNH
|
+$675M |
| 4 |
JPMorgan Chase
JPM
|
+$570M |
| 5 |
Booking.com
BKNG
|
+$559M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.98% |
| 2 | Healthcare | 17.07% |
| 3 | Consumer Discretionary | 16.52% |
| 4 | Financials | 12.13% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HUYA
576
Huya Inc
HUYA
$563M
| $788K | ﹤0.01% |
+28,006
| New | +$626K |
|
577
LivePerson
LPSN
$21.8M
| $770K | ﹤0.01% |
1,769
+63
| +4% | +$23.6K |
|
578
ATI
ATI
$25.6B
| $768K | ﹤0.01% |
+30,025
| New | +$791K |
|
579
Murphy USA
MUSA
$11.2B
| $762K | ﹤0.01% |
+8,896
| New | +$703K |
|
580
Globus Medical
GMED
$10.7B
| $750K | ﹤0.01% |
15,186
-4,116
| -21% | -$186K |
|
581
Independent Bank
INDB
$3.99B
| $749K | ﹤0.01% |
9,250
+284
| +3% | +$22.5K |
|
582
Hamilton Lane
HLNE
$4.91B
| $725K | ﹤0.01% |
16,629
-1,260
| -7% | -$51.9K |
|
|
RDUS
583
DELISTED
Radius Recycling
RDUS
| $722K | ﹤0.01% |
30,066
+7,692
| +34% | +$182K |
|
584
Helix Energy Solutions
HLX
$1.4B
| $702K | ﹤0.01% |
88,694
-62,639
| -41% | -$449K |
|
|
TGNA
585
DELISTED
TEGNA Inc
TGNA
| $688K | ﹤0.01% |
+48,828
| New | +$620K |
|
586
American Eagle Outfitters
AEO
$2.88B
| $683K | ﹤0.01% |
+30,787
| New | +$633K |
|
|
CBPX
587
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $683K | ﹤0.01% |
+27,540
| New | +$725K |
|
588
NovoCure
NVCR
$1.73B
| $679K | ﹤0.01% |
+14,092
| New | +$678K |
|
589
First Commonwealth Financial
FCF
$2.18B
| $671K | ﹤0.01% |
+53,264
| New | +$712K |
|
590
Boise Cascade
BCC
$2.69B
| $667K | ﹤0.01% |
24,922
+866
| +4% | +$23.3K |
|
591
Asbury Automotive
ABG
$4.31B
| $665K | ﹤0.01% |
9,593
-7,800
| -45% | -$543K |
|
|
EPAY
592
DELISTED
Bottomline Technologies Inc
EPAY
| $655K | ﹤0.01% |
13,080
+2,624
| +25% | +$127K |
|
593
Pultegroup
PHM
$24.1B
| $652K | ﹤0.01% |
+23,329
| New | +$636K |
|
594
Eagle Bancorp
EGBN
$846M
| $650K | ﹤0.01% |
12,950
-542,948
| -98% | -$29.6M |
|
595
Dorman Products
DORM
$3.98B
| $647K | ﹤0.01% |
7,341
-138,035
| -95% | -$12M |
|
596
Cal-Maine
CALM
$4.12B
| $639K | ﹤0.01% |
14,327
+1,703
| +13% | +$74.1K |
|
597
LXP Industrial Trust
LXP
$3.57B
| $621K | ﹤0.01% |
+13,700
| New | +$625K |
|
598
Paylocity
PCTY
$7.38B
| $616K | ﹤0.01% |
+6,906
| New | +$537K |
|
|
OSG
599
Octave Specialty Group
OSG
$243M
| $611K | ﹤0.01% |
33,708
-1,185
| -3% | -$22.6K |
|
600
Celanese
CE
$4.9B
| $611K | ﹤0.01% |
6,198
-56,311
| -90% | -$5.54M |
|
Similar funds
Jennison Associates's Q1 2019 Portfolio in Review
As of Q1 2019, Jennison Associates held 723 positions worth $101B, up 13% from $89.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Jennison Associates withdrew a net $3.72B in Q1 2019, closing 96 positions and reducing 294 holdings. Its most notable exit was Booking.com, an estimated $559M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Danaher worth $490M.
- Jennison Associates's largest Q1 2019 buy was Danaher: 4,186,042 shares worth $490M.
- Jennison Associates added most to lululemon athletica in Q1 2019, an estimated $545M increase.
- Jennison Associates's biggest Q1 2019 reduction was Goldman Sachs, cutting an estimated $724M.
- Jennison Associates fully exited Booking.com in Q1 2019, selling an estimated $559M.
- Jennison Associates's ten largest holdings make up 31% of its $101B portfolio in Q1 2019.
- Jennison Associates opened 83 new positions and closed 96 in Q1 2019.
- Jennison Associates's portfolio value rose 13% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q1 2019, filed 10 May 2019.