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 | 22.18% |
| 2 | Healthcare | 17.46% |
| 3 | Consumer Discretionary | 16.55% |
| 4 | Financials | 12.13% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Kodiak Sciences
KOD
$2.37B
| $118K | ﹤0.01% |
18,057
-779,366
| -98% | -$5.76M |
|
627
Ericsson
ERIC
$32.5B
| $103K | ﹤0.01% |
+11,245
| New | +$102K |
|
628
Accenture
ACN
$116B
| – | – |
-12,445
| Closed | -$1.75M |
|
629
iShares MSCI ACWI ETF
ACWI
$33.3B
| – | – |
-18,138
| Closed | -$1.16M |
|
630
Archer Daniels Midland
ADM
$39.3B
| – | – |
-5,328
| Closed | -$218K |
|
|
ALEX
631
DELISTED
Alexander & Baldwin
ALEX
| – | – |
-28,004
| Closed | -$515K |
|
|
ALLK
632
DELISTED
Allakos
ALLK
| – | – |
-294,194
| Closed | -$15.4M |
|
633
Allison Transmission
ALSN
$10.4B
| – | – |
-13,874
| Closed | -$609K |
|
634
Aramark
ARMK
$15.3B
| – | – |
-1,855,793
| Closed | -$38.8M |
|
|
AUTL
635
Autolus Therapeutics
AUTL
$623M
| – | – |
-106,971
| Closed | -$3.51M |
|
636
Axos Financial
AX
$5.55B
| – | – |
-18,403
| Closed | -$463K |
|
637
Axogen
AXGN
$2.77B
| – | – |
-814,505
| Closed | -$16.6M |
|
638
AutoZone
AZO
$48.4B
| – | – |
-1,796
| Closed | -$1.51M |
|
639
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| – | – |
-3,738
| Closed | -$342K |
|
|
640
Booking.com
BKNG
$155B
| – | – |
-8,109,900
| Closed | -$559M |
|
641
Box
BOX
$4.8B
| – | – |
-497,912
| Closed | -$8.4M |
|
642
Berkshire Hathaway Class B
BRK.B
$1.08T
| – | – |
-2,976
| Closed | -$608K |
|
643
Peabody Energy
BTU
$3.53B
| – | – |
-15,989
| Closed | -$487K |
|
644
Cars.com
CARS
$639M
| – | – |
-31,138
| Closed | -$669K |
|
645
Carnival Corporation Ltd
CCL
$33.9B
| – | – |
-299,175
| Closed | -$14.7M |
|
646
Charter Communications
CHTR
$18.3B
| – | – |
-2,159
| Closed | -$615K |
|
647
Clorox
CLX
$12.4B
| – | – |
-197,216
| Closed | -$30.4M |
|
648
Columbia Banking Systems
COLB
$8.51B
| – | – |
-41,526
| Closed | -$1.51M |
|
649
Copart
CPRT
$30.5B
| – | – |
-43,720
| Closed | -$522K |
|
650
CSX Corp
CSX
$95B
| – | – |
-1,174,728
| Closed | -$24.3M |
|
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 $3.74B 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.