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 | |
|---|---|---|---|---|---|---|
626
B&G Foods
BGS
$286M
| – | – |
-652,952
| Closed | -$12.3M |
|
|
BLUE
627
DELISTED
bluebird bio
BLUE
| – | – |
-14,044
| Closed | -$16.7M |
|
628
Coca-Cola Europacific Partners
CCEP
$48.2B
| – | – |
-4,800
| Closed | -$266K |
|
629
Cadence Design Systems
CDNS
$93.7B
| – | – |
-20,028
| Closed | -$1.32M |
|
630
CareTrust REIT
CTRE
$9.22B
| – | – |
-46,037
| Closed | -$1.08M |
|
631
CVR Energy
CVI
$4.2B
| – | – |
-26,895
| Closed | -$1.18M |
|
|
DBVT
632
DBV Technologies
DBVT
$851M
| – | – |
-48,612
| Closed | -$4.18M |
|
633
Dell
DELL
$295B
| – | – |
-34,135
| Closed | -$897K |
|
634
Diageo
DEO
$51.7B
| – | – |
-1,413
| Closed | -$231K |
|
635
Devon Energy
DVN
$52.1B
| – | – |
-394,905
| Closed | -$9.5M |
|
636
Brinker International
EAT
$9.87B
| – | – |
-18,917
| Closed | -$807K |
|
637
Employers Holdings
EIG
$883M
| – | – |
-35,486
| Closed | -$1.55M |
|
638
Ethan Allen Interiors
ETD
$597M
| – | – |
-79,471
| Closed | -$1.52M |
|
639
Evergy
EVRG
$18.6B
| – | – |
-77,941
| Closed | -$5.19M |
|
|
FL
640
DELISTED
Foot Locker
FL
| – | – |
-329,830
| Closed | -$14.2M |
|
641
HCA Healthcare
HCA
$90.5B
| – | – |
-16,273
| Closed | -$1.96M |
|
642
Heritage Financial
HFWA
$1.17B
| – | – |
-170,809
| Closed | -$4.61M |
|
643
Helix Energy Solutions
HLX
$1.49B
| – | – |
-89,340
| Closed | -$720K |
|
644
HP
HPQ
$27.5B
| – | – |
-35,280
| Closed | -$667K |
|
645
H&R Block
HRB
$6.47B
| – | – |
-24,561
| Closed | -$580K |
|
|
HUYA
646
Huya Inc
HUYA
$498M
| – | – |
-40,937
| Closed | -$968K |
|
647
Hexcel
HXL
$7.17B
| – | – |
-1,036,350
| Closed | -$85.1M |
|
|
IPG
648
DELISTED
Interpublic Group of Companies
IPG
| – | – |
-26,763
| Closed | -$577K |
|
649
KB Home
KBH
$3.36B
| – | – |
-39,370
| Closed | -$1.34M |
|
650
Keurig Dr Pepper
KDP
$43.8B
| – | – |
-515,841
| Closed | -$14.1M |
|
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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.