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 | |
|---|---|---|---|---|---|---|
601
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| $609K | ﹤0.01% |
18,424
+3,236
| +21% | +$104K |
|
602
Autodesk
ADSK
$49.5B
| $602K | ﹤0.01% |
+3,866
| New | +$578K |
|
603
Williams-Sonoma
WSM
$26.9B
| $597K | ﹤0.01% |
21,232
+408
| +2% | +$11.3K |
|
|
SPR
604
DELISTED
Spirit AeroSystems
SPR
| $596K | ﹤0.01% |
+6,509
| New | +$575K |
|
605
Yum! Brands
YUM
$41.8B
| $596K | ﹤0.01% |
5,968
-12,981
| -69% | -$1.23M |
|
|
ONC
606
BeOne Medicines Ltd
ONC
$32.8B
| $596K | ﹤0.01% |
4,513
| – | – |
|
607
Booz Allen Hamilton
BAH
$8.39B
| $594K | ﹤0.01% |
10,216
-2,284
| -18% | -$119K |
|
608
Cooper Companies
COO
$14.1B
| $594K | ﹤0.01% |
8,024
-1,808
| -18% | -$126K |
|
609
Bruker
BRKR
$9.57B
| $593K | ﹤0.01% |
+15,433
| New | +$557K |
|
610
VeriSign
VRSN
$26.2B
| $593K | ﹤0.01% |
3,268
-721
| -18% | -$124K |
|
611
H&R Block
HRB
$5.58B
| $588K | ﹤0.01% |
24,541
-38,757
| -61% | -$953K |
|
612
The Greenbrier Companies
GBX
$1.52B
| $587K | ﹤0.01% |
18,228
+1,759
| +11% | +$70K |
|
613
Baidu
BIDU
$37.7B
| $583K | ﹤0.01% |
3,538
| – | – |
|
|
CRC
614
DELISTED
California Resources Corporation
CRC
| $521K | ﹤0.01% |
+20,256
| New | +$439K |
|
615
Ecolab
ECL
$78.1B
| $375K | ﹤0.01% |
2,125
+316
| +17% | +$51.3K |
|
616
PepsiCo
PEP
$190B
| $335K | ﹤0.01% |
+2,734
| New | +$312K |
|
617
Hershey
HSY
$35.2B
| $312K | ﹤0.01% |
2,713
-261,095
| -99% | -$28.4M |
|
618
Waste Management
WM
$90.6B
| $305K | ﹤0.01% |
+2,933
| New | +$286K |
|
619
Okta
OKTA
$24.7B
| $279K | ﹤0.01% |
+3,377
| New | +$267K |
|
620
TJX Companies
TJX
$174B
| $263K | ﹤0.01% |
4,937
| – | – |
|
621
Diageo
DEO
$49B
| $259K | ﹤0.01% |
1,586
-59,312
| -97% | -$9.05M |
|
622
Wolfspeed
WOLF
$1.23B
| $233K | ﹤0.01% |
+4,069
| New | +$209K |
|
623
AvalonBay Communities
AVB
$26.5B
| $229K | ﹤0.01% |
+1,142
| New | +$218K |
|
624
Service Corp International
SCI
$11.7B
| $201K | ﹤0.01% |
5,007
-126
| -2% | -$5.26K |
|
625
Vanguard Morningstar Growth ETF
VUG
$220B
| $201K | ﹤0.01% |
7,722
-163,476
| -95% | -$4.03M |
|
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.