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 | |
|---|---|---|---|---|---|---|
601
AptarGroup
ATR
$8.63B
| $365K | ﹤0.01% |
+3,663
| New | +$397K |
|
602
Thermo Fisher Scientific
TMO
$214B
| $363K | ﹤0.01% |
1,280
-693,276
| -100% | -$219M |
|
603
Gaotu Techedu
GOTU
$453M
| $360K | ﹤0.01% |
+8,491
| New | +$314K |
|
604
RLI Corp
RLI
$5.91B
| $360K | ﹤0.01% |
+8,178
| New | +$360K |
|
605
Arbutus Biopharma
ABUS
$897M
| $358K | ﹤0.01% |
354,766
-2,589,023
| -88% | -$7M |
|
|
FBC
606
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $353K | ﹤0.01% |
17,797
+425
| +2% | +$13.7K |
|
607
Lattice Semiconductor
LSCC
$18.3B
| $342K | ﹤0.01% |
19,167
-33
| -0.2% | -$625 |
|
608
RBC Bearings
RBC
$17.9B
| $340K | ﹤0.01% |
3,012
-1,170
| -28% | -$181K |
|
|
RC
609
Ready Capital
RC
$279M
| $286K | ﹤0.01% |
+39,555
| New | +$541K |
|
|
ONC
610
BeOne Medicines Ltd
ONC
$36.7B
| $276K | ﹤0.01% |
2,241
+35
| +2% | +$5.47K |
|
611
Rio Tinto
RIO
$162B
| $275K | ﹤0.01% |
+6,030
| New | +$310K |
|
612
Keysight
KEYS
$57.6B
| $265K | ﹤0.01% |
+3,169
| New | +$301K |
|
613
NovaGold Resources
NG
$3.03B
| $260K | ﹤0.01% |
+35,163
| New | +$301K |
|
614
Intuit
INTU
$88.1B
| $246K | ﹤0.01% |
1,069
+67
| +7% | +$18.1K |
|
615
AvalonBay Communities
AVB
$26.6B
| $245K | ﹤0.01% |
1,663
-396
| -19% | -$79.8K |
|
616
Okta
OKTA
$24.9B
| $242K | ﹤0.01% |
1,980
-6,730
| -77% | -$844K |
|
617
State Street Energy Select Sector SPDR ETF
XLE
$38.1B
| $235K | ﹤0.01% |
16,176
+2,374
| +17% | +$56.3K |
|
|
XLNX
618
DELISTED
Xilinx Inc
XLNX
| $230K | ﹤0.01% |
2,955
-3,423,694
| -100% | -$298M |
|
619
American Airlines Group
AAL
$10.6B
| – | – |
-34,163
| Closed | -$980K |
|
|
AAT
620
American Assets Trust
AAT
$1.38B
| – | – |
-20,521
| Closed | -$942K |
|
621
Arcosa
ACA
$7.12B
| – | – |
-36,112
| Closed | -$1.61M |
|
622
Accenture
ACN
$105B
| – | – |
-3,930
| Closed | -$828K |
|
623
Automatic Data Processing
ADP
$109B
| – | – |
-1,342
| Closed | -$229K |
|
624
American Eagle Outfitters
AEO
$2.97B
| – | – |
-59,180
| Closed | -$870K |
|
625
Align Technology
ALGN
$12B
| – | – |
-44,071
| Closed | -$12.3M |
|
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.