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 | |
|---|---|---|---|---|---|---|
|
ARI
576
Apollo Commercial Real Estate
ARI
$876M
| $499K | ﹤0.01% |
+67,266
| New | +$1.05M |
|
577
New Jersey Resources
NJR
$5.53B
| $491K | ﹤0.01% |
+14,451
| New | +$564K |
|
|
EGIO
578
DELISTED
Edgio, Inc. Common Stock
EGIO
| $490K | ﹤0.01% |
+2,148
| New | +$427K |
|
|
NXRT
579
NexPoint Residential Trust
NXRT
$636M
| $481K | ﹤0.01% |
19,072
+9,052
| +90% | +$396K |
|
580
Buckle
BKE
$2.36B
| $480K | ﹤0.01% |
+35,022
| New | +$788K |
|
|
ALE
581
DELISTED
Allete
ALE
| $478K | ﹤0.01% |
7,879
-166
| -2% | -$12.6K |
|
582
NVR
NVR
$16.9B
| $468K | ﹤0.01% |
+182
| New | +$653K |
|
583
WSFS Financial
WSFS
$4.2B
| $468K | ﹤0.01% |
+18,796
| New | +$679K |
|
584
Cohen & Steers
CNS
$4.34B
| $464K | ﹤0.01% |
10,209
+242
| +2% | +$15.3K |
|
585
NorthWestern Energy
NWE
$4.32B
| $461K | ﹤0.01% |
7,697
-160
| -2% | -$11.4K |
|
586
American States Water
AWR
$3.36B
| $456K | ﹤0.01% |
5,573
-116
| -2% | -$9.95K |
|
587
Mettler-Toledo International
MTD
$28.5B
| $455K | ﹤0.01% |
+659
| New | +$492K |
|
|
SAFE
588
Safehold
SAFE
$1.13B
| $444K | ﹤0.01% |
+8,588
| New | +$579K |
|
589
Motorola Solutions
MSI
$78.7B
| $432K | ﹤0.01% |
+3,253
| New | +$546K |
|
590
Avista
AVA
$3.22B
| $430K | ﹤0.01% |
+10,122
| New | +$487K |
|
|
GMS
591
DELISTED
GMS Inc
GMS
| $422K | ﹤0.01% |
+26,839
| New | +$636K |
|
592
Boise Cascade
BCC
$2.94B
| $420K | ﹤0.01% |
+17,677
| New | +$600K |
|
593
Omnicell
OMCL
$1.64B
| $412K | ﹤0.01% |
+6,287
| New | +$501K |
|
594
Essent Group
ESNT
$6.04B
| $409K | ﹤0.01% |
15,544
+5,337
| +52% | +$237K |
|
|
AXE
595
DELISTED
Anixter International Inc
AXE
| $407K | ﹤0.01% |
4,631
-96
| -2% | -$9.08K |
|
|
INOV
596
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $403K | ﹤0.01% |
+24,161
| New | +$458K |
|
597
Winnebago Industries
WGO
$885M
| $392K | ﹤0.01% |
14,089
+506
| +4% | +$24.4K |
|
598
Helen of Troy
HELE
$671M
| $388K | ﹤0.01% |
+2,691
| New | +$456K |
|
|
TGNA
599
DELISTED
TEGNA Inc
TGNA
| $371K | ﹤0.01% |
34,148
-36,478
| -52% | -$584K |
|
|
FTSV
600
DELISTED
Forty Seven, Inc. Common Stock
FTSV
| $366K | ﹤0.01% |
+3,839
| New | +$232K |
|
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.