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 | |
|---|---|---|---|---|---|---|
576
Cable One
CABO
$145M
| $621K | ﹤0.01% |
+417
| New | +$591K |
|
577
West Pharmaceutical
WST
$23.7B
| $620K | ﹤0.01% |
+4,123
| New | +$600K |
|
578
BJ's Restaurants
BJRI
$1.39B
| $617K | ﹤0.01% |
16,263
-586
| -3% | -$22.5K |
|
579
Paychex
PAYX
$45.2B
| $617K | ﹤0.01% |
7,252
+226
| +3% | +$19.1K |
|
580
Stride
LRN
$3.61B
| $616K | ﹤0.01% |
30,254
-501
| -2% | -$10.7K |
|
581
Biogen
BIIB
$32.3B
| $615K | ﹤0.01% |
+2,071
| New | +$575K |
|
582
Southwest Airlines
LUV
$19.4B
| $615K | ﹤0.01% |
11,399
+858
| +8% | +$47.6K |
|
583
The GEO Group
GEO
$4.25B
| $613K | ﹤0.01% |
36,935
-4,879
| -12% | -$74.1K |
|
584
OFG Bancorp
OFG
$2.22B
| $606K | ﹤0.01% |
25,666
-19,757
| -43% | -$432K |
|
|
IBKC
585
DELISTED
IBERIABANK Corp
IBKC
| $602K | ﹤0.01% |
8,041
-2,098
| -21% | -$156K |
|
|
ZNGA
586
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $601K | ﹤0.01% |
+98,161
| New | +$607K |
|
587
NorthWestern Energy
NWE
$4.33B
| $563K | ﹤0.01% |
7,857
-12,647
| -62% | -$911K |
|
588
Wabash National
WNC
$543M
| $555K | ﹤0.01% |
+37,762
| New | +$561K |
|
589
Marcus & Millichap
MMI
$1.23B
| $538K | ﹤0.01% |
14,443
-12,454
| -46% | -$448K |
|
590
Essent Group
ESNT
$6.19B
| $531K | ﹤0.01% |
+10,207
| New | +$532K |
|
591
Artisan Partners
APAM
$3.09B
| $516K | ﹤0.01% |
+15,953
| New | +$461K |
|
592
Skywest
SKYW
$3.84B
| $497K | ﹤0.01% |
+7,686
| New | +$468K |
|
|
AJRD
593
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $494K | ﹤0.01% |
10,809
-4,497
| -29% | -$204K |
|
594
American States Water
AWR
$3.56B
| $493K | ﹤0.01% |
+5,689
| New | +$504K |
|
595
Halozyme
HALO
$12B
| $471K | ﹤0.01% |
+26,592
| New | +$461K |
|
596
Western Digital
WDC
$166B
| $471K | ﹤0.01% |
+9,810
| New | +$409K |
|
597
Cogent Communications
CCOI
$486M
| $468K | ﹤0.01% |
7,108
+148
| +2% | +$8.94K |
|
|
NXRT
598
NexPoint Residential Trust
NXRT
$602M
| $451K | ﹤0.01% |
+10,020
| New | +$472K |
|
599
Honeywell
HON
$68.9B
| $450K | ﹤0.01% |
2,698
+246
| +10% | +$40.2K |
|
|
AXE
600
DELISTED
Anixter International Inc
AXE
| $435K | ﹤0.01% |
4,727
-15,876
| -77% | -$1.29M |
|
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.