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 | |
|---|---|---|---|---|---|---|
601
H&R Block
HRB
$6.47B
| $580K | ﹤0.01% |
24,561
+521
| +2% | +$13.8K |
|
|
JOYY
602
JOYY Inc
JOYY
$3.65B
| $578K | ﹤0.01% |
10,275
| – | – |
|
|
IPG
603
DELISTED
Interpublic Group of Companies
IPG
| $577K | ﹤0.01% |
+26,763
| New | +$578K |
|
604
Synopsys
SNPS
$84.8B
| $577K | ﹤0.01% |
4,207
-893
| -18% | -$121K |
|
|
PARA
605
DELISTED
Paramount Global Class B
PARA
| $574K | ﹤0.01% |
14,211
-6,787
| -32% | -$318K |
|
|
BPYU
606
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $574K | ﹤0.01% |
+28,160
| New | +$544K |
|
607
Kratos Defense & Security Solutions
KTOS
$9.76B
| $573K | ﹤0.01% |
+30,822
| New | +$647K |
|
608
Live Nation Entertainment
LYV
$42.3B
| $573K | ﹤0.01% |
+8,634
| New | +$604K |
|
609
Terreno Realty
TRNO
$7.26B
| $573K | ﹤0.01% |
+11,219
| New | +$561K |
|
610
Williams-Sonoma
WSM
$27.7B
| $573K | ﹤0.01% |
16,864
-5,348
| -24% | -$177K |
|
611
Southwest Airlines
LUV
$19.4B
| $569K | ﹤0.01% |
10,541
-14,159
| -57% | -$741K |
|
612
Winnebago Industries
WGO
$865M
| $540K | ﹤0.01% |
+14,070
| New | +$512K |
|
613
Lattice Semiconductor
LSCC
$16.2B
| $538K | ﹤0.01% |
+29,417
| New | +$539K |
|
|
TMHC
614
DELISTED
Taylor Morrison
TMHC
| $527K | ﹤0.01% |
+20,319
| New | +$468K |
|
615
Tencent Music
TME
$14B
| $494K | ﹤0.01% |
38,671
| – | – |
|
616
Northrop Grumman
NOC
$77.5B
| $467K | ﹤0.01% |
+1,245
| New | +$441K |
|
|
AVB
617
DELISTED
AvalonBay Communities
AVB
| $431K | ﹤0.01% |
2,000
+340
| +20% | +$71.1K |
|
618
Hershey
HSY
$36B
| $429K | ﹤0.01% |
2,766
+53
| +2% | +$8K |
|
|
MRC
619
DELISTED
MRC Global
MRC
| $414K | ﹤0.01% |
34,138
+948
| +3% | +$13.4K |
|
620
Honeywell
HON
$68.9B
| $391K | ﹤0.01% |
2,452
-89,210
| -97% | -$14.2M |
|
|
IMGN
621
DELISTED
Immunogen Inc
IMGN
| $387K | ﹤0.01% |
160,014
-461,293
| -74% | -$1.22M |
|
622
Cogent Communications
CCOI
$486M
| $383K | ﹤0.01% |
6,960
-270,727
| -97% | -$16.1M |
|
|
GWR
623
DELISTED
Genesee & Wyoming Inc.
GWR
| $366K | ﹤0.01% |
3,314
| – | – |
|
624
Automatic Data Processing
ADP
$114B
| $338K | ﹤0.01% |
2,091
+199
| +11% | +$32.9K |
|
625
Ecolab
ECL
$80.4B
| $334K | ﹤0.01% |
1,688
+33
| +2% | +$6.61K |
|
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.