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 | |
|---|---|---|---|---|---|---|
626
Okta
OKTA
$29.1B
| $288K | ﹤0.01% |
2,930
-447
| -13% | -$55.8K |
|
627
TJX Companies
TJX
$149B
| $281K | ﹤0.01% |
5,033
+96
| +2% | +$5.23K |
|
628
Coca-Cola Europacific Partners
CCEP
$48.2B
| $266K | ﹤0.01% |
4,800
+1,253
| +35% | +$70K |
|
629
Avery Dennison
AVY
$13.5B
| $261K | ﹤0.01% |
2,295
+44
| +2% | +$5.02K |
|
630
TSMC
TSM
$2.17T
| $257K | ﹤0.01% |
+5,537
| New | +$236K |
|
631
Service Corp International
SCI
$11.4B
| $254K | ﹤0.01% |
5,323
+102
| +2% | +$4.79K |
|
632
State Street Energy Select Sector SPDR ETF
XLE
$41.2B
| $241K | ﹤0.01% |
8,132
-3,132
| -28% | -$94.7K |
|
633
iShares North American Natural Resources ETF
IGE
$770M
| $235K | ﹤0.01% |
8,077
-6,032
| -43% | -$178K |
|
634
Diageo
DEO
$51.7B
| $231K | ﹤0.01% |
1,413
+27
| +2% | +$4.52K |
|
635
Vanguard Morningstar Growth ETF
VUG
$228B
| $216K | ﹤0.01% |
7,800
-2,718
| -26% | -$75.4K |
|
|
ATVI
636
DELISTED
Activision Blizzard
ATVI
| $206K | ﹤0.01% |
+3,891
| New | +$194K |
|
637
Adaptive Biotechnologies
ADPT
$4.02B
| – | – |
-285,744
| Closed | -$13.8M |
|
638
Albemarle
ALB
$16.2B
| – | – |
-838,032
| Closed | -$59M |
|
639
Affiliated Managers Group
AMG
$9.59B
| – | – |
-224,370
| Closed | -$20.7M |
|
640
AnaptysBio
ANAB
$1.67B
| – | – |
-162,422
| Closed | -$9.16M |
|
641
Archrock
AROC
$5.48B
| – | – |
-79,379
| Closed | -$841K |
|
642
Booz Allen Hamilton
BAH
$9.05B
| – | – |
-10,440
| Closed | -$691K |
|
643
Boise Cascade
BCC
$2.75B
| – | – |
-25,160
| Closed | -$707K |
|
644
Biogen
BIIB
$32.3B
| – | – |
-3,232
| Closed | -$756K |
|
645
CACI
CACI
$13.9B
| – | – |
-8,524
| Closed | -$1.74M |
|
646
Caterpillar
CAT
$368B
| – | – |
-416,159
| Closed | -$56.7M |
|
647
CareDx
CDNA
$2.58B
| – | – |
-41,110
| Closed | -$1.48M |
|
|
CHX
648
DELISTED
ChampionX
CHX
| – | – |
-234,937
| Closed | -$7.88M |
|
649
Cummins
CMI
$77.8B
| – | – |
-12,036
| Closed | -$2.06M |
|
650
Charles River Laboratories
CRL
$13.9B
| – | – |
-9,295
| Closed | -$1.32M |
|
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.