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 |
Shopify
SHOP
|
+$447M |
| 2 |
Apple
AAPL
|
+$435M |
| 3 |
DexCom
DXCM
|
+$411M |
| 4 |
EXAS
Exact Sciences
EXAS
|
+$242M |
| 5 |
Walt Disney
DIS
|
+$213M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$786M |
| 2 |
Microsoft
MSFT
|
+$437M |
| 3 |
PayPal
PYPL
|
+$422M |
| 4 |
XYZ
Block Inc
XYZ
|
+$401M |
| 5 |
Illumina
ILMN
|
+$345M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.26% |
| 2 | Consumer Discretionary | 17.14% |
| 3 | Healthcare | 14.11% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Veeva Systems
VEEV
$44.8B
| $732K | ﹤0.01% |
+4,793
| New | +$769K |
|
577
The GEO Group
GEO
$4.25B
| $725K | ﹤0.01% |
+41,814
| New | +$750K |
|
578
Generac Holdings
GNRC
$10.8B
| $725K | ﹤0.01% |
+9,252
| New | +$693K |
|
579
MacroGenics
MGNX
$263M
| $722K | ﹤0.01% |
+56,622
| New | +$815K |
|
580
Helix Energy Solutions
HLX
$1.49B
| $720K | ﹤0.01% |
89,340
-178
| -0.2% | -$1.44K |
|
581
LivePerson
LPSN
$34.8M
| $719K | ﹤0.01% |
1,342
-443
| -25% | -$235K |
|
582
Builders FirstSource
BLDR
$7.29B
| $706K | ﹤0.01% |
+34,297
| New | +$639K |
|
583
Universal Insurance Holdings
UVE
$1.21B
| $704K | ﹤0.01% |
23,459
-3,620
| -13% | -$98.9K |
|
|
XHR
584
Xenia Hotels & Resorts
XHR
$1.8B
| $692K | ﹤0.01% |
32,768
-28,695
| -47% | -$601K |
|
585
Ameriprise Financial
AMP
$49.4B
| $688K | ﹤0.01% |
+4,676
| New | +$655K |
|
|
FBC
586
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $668K | ﹤0.01% |
+17,897
| New | +$629K |
|
587
HP
HPQ
$27.5B
| $667K | ﹤0.01% |
+35,280
| New | +$693K |
|
588
BJ's Restaurants
BJRI
$1.39B
| $654K | ﹤0.01% |
16,849
+774
| +5% | +$29.8K |
|
|
EVRI
589
DELISTED
Everi Holdings
EVRI
| $633K | ﹤0.01% |
+74,859
| New | +$766K |
|
590
Mativ Holdings
MATV
$669M
| $627K | ﹤0.01% |
16,751
-1,783
| -10% | -$61.5K |
|
|
SPR
591
DELISTED
Spirit AeroSystems
SPR
| $626K | ﹤0.01% |
7,614
+582
| +8% | +$45.6K |
|
|
DENN
592
DELISTED
Denny's
DENN
| $609K | ﹤0.01% |
+26,753
| New | +$600K |
|
593
Radian Group
RDN
$4.82B
| $605K | ﹤0.01% |
+26,473
| New | +$611K |
|
|
AERI
594
DELISTED
Aerie Pharmaceuticals
AERI
| $602K | ﹤0.01% |
31,334
-769,474
| -96% | -$17.6M |
|
595
Bruker
BRKR
$8.7B
| $595K | ﹤0.01% |
13,544
-2,443
| -15% | -$109K |
|
596
Bath & Body Works
BBWI
$3.88B
| $593K | ﹤0.01% |
+37,424
| New | +$660K |
|
597
Paylocity
PCTY
$8.38B
| $588K | ﹤0.01% |
6,021
-2,991
| -33% | -$306K |
|
598
VeriSign
VRSN
$26.4B
| $583K | ﹤0.01% |
3,090
-111
| -3% | -$22.8K |
|
599
Fair Isaac
FICO
$24.9B
| $582K | ﹤0.01% |
1,916
-268
| -12% | -$90.8K |
|
600
Paychex
PAYX
$45.2B
| $582K | ﹤0.01% |
+7,026
| New | +$584K |
|
Similar funds
Jennison Associates's Q3 2019 Portfolio in Review
As of Q3 2019, Jennison Associates held 720 positions worth $94.7B, down 6.1% from $101B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Jennison Associates withdrew a net $4.4B in Q3 2019, closing 84 positions and reducing 378 holdings. Its most notable exit was Worldpay, Inc., an estimated $95.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Peloton Interactive worth $91.8M.
- Jennison Associates's largest Q3 2019 buy was Peloton Interactive: 3,659,219 shares worth $91.8M.
- Jennison Associates added most to Shopify in Q3 2019, an estimated $447M increase.
- Jennison Associates's biggest Q3 2019 reduction was Alexion Pharmaceuticals, cutting an estimated $786M.
- Jennison Associates fully exited Worldpay, Inc. in Q3 2019, selling an estimated $95.3M.
- Jennison Associates's ten largest holdings make up 33% of its $94.7B portfolio in Q3 2019.
- Jennison Associates opened 78 new positions and closed 84 in Q3 2019.
- Jennison Associates's portfolio value fell 6.1% quarter-over-quarter to $94.7B.
Based on Jennison Associates's 13F filing for Q3 2019, filed 8 Nov 2019.