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 | |
|---|---|---|---|---|---|---|
|
AVB
601
DELISTED
AvalonBay Communities
AVB
| $432K | ﹤0.01% |
2,059
+59
| +3% | +$12.6K |
|
602
CONMED
CNMD
$1.5B
| $427K | ﹤0.01% |
+3,821
| New | +$407K |
|
|
BOLD
603
DELISTED
Audentes Therapeutics, Inc
BOLD
| $418K | ﹤0.01% |
6,977
-577,416
| -99% | -$21.7M |
|
604
State Street Energy Select Sector SPDR ETF
XLE
$41.2B
| $414K | ﹤0.01% |
13,802
+5,670
| +70% | +$168K |
|
605
Commercial Metals
CMC
$7.48B
| $407K | ﹤0.01% |
18,289
-46,564
| -72% | -$943K |
|
|
ACIA
606
DELISTED
Acacia Communications Inc
ACIA
| $396K | ﹤0.01% |
+5,839
| New | +$387K |
|
|
EPZM
607
DELISTED
Epizyme, Inc
EPZM
| $377K | ﹤0.01% |
+15,309
| New | +$227K |
|
608
Lattice Semiconductor
LSCC
$16.2B
| $367K | ﹤0.01% |
19,200
-10,217
| -35% | -$196K |
|
|
PEGI
609
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $367K | ﹤0.01% |
+13,701
| New | +$372K |
|
|
ONC
610
BeOne Medicines Ltd
ONC
$41.5B
| $366K | ﹤0.01% |
+2,206
| New | +$367K |
|
|
SAVE
611
DELISTED
Spirit Airlines, Inc.
SAVE
| $352K | ﹤0.01% |
8,735
-17,856
| -67% | -$679K |
|
612
Service Corp International
SCI
$11.4B
| $299K | ﹤0.01% |
6,487
+1,164
| +22% | +$52.5K |
|
613
CME Group
CME
$103B
| $297K | ﹤0.01% |
1,482
-22,381
| -94% | -$4.59M |
|
|
SLCA
614
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $282K | ﹤0.01% |
+45,860
| New | +$277K |
|
|
PTLA
615
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $277K | ﹤0.01% |
+11,588
| New | +$320K |
|
616
Vanguard Morningstar Growth ETF
VUG
$228B
| $270K | ﹤0.01% |
8,904
+1,104
| +14% | +$31.9K |
|
617
Intuit
INTU
$97.9B
| $262K | ﹤0.01% |
1,002
-2,530
| -72% | -$662K |
|
618
Automatic Data Processing
ADP
$114B
| $229K | ﹤0.01% |
1,342
-749
| -36% | -$124K |
|
619
Adicet Bio
ACET
$84.8M
| – | – |
-23,504
| Closed | -$23.3M |
|
620
Allison Transmission
ALSN
$10.4B
| – | – |
-39,265
| Closed | -$1.85M |
|
621
Antero Midstream
AM
$10.6B
| – | – |
-1,055,993
| Closed | -$7.81M |
|
622
Arista Networks
ANET
$246B
| – | – |
-1,394,752
| Closed | -$20.8M |
|
623
Avery Dennison
AVY
$13.5B
| – | – |
-2,295
| Closed | -$261K |
|
624
Credicorp
BAP
$29.3B
| – | – |
-3,790
| Closed | -$790K |
|
625
Bath & Body Works
BBWI
$3.88B
| – | – |
-37,424
| Closed | -$593K |
|
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.