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 | |
|---|---|---|---|---|---|---|
|
AMRN
626
CALL
Amarin Corp
AMRN
$301M
| – | – |
-15,000
| Closed | -$6.43M |
|
627
BlackBerry
BB
$5.15B
| – | – |
-453,067
| Closed | -$2.91M |
|
628
Bread Financial
BFH
$4.44B
| – | – |
-7,017
| Closed | -$628K |
|
629
Benchmark Electronics
BHE
$2.96B
| – | – |
-39,731
| Closed | -$1.36M |
|
630
BJ's Restaurants
BJRI
$1.49B
| – | – |
-16,263
| Closed | -$617K |
|
631
CALL
BioMarin Pharmaceuticals
BMRN
$11.9B
| – | – |
-60,000
| Closed | -$5.07M |
|
632
Bruker
BRKR
$7.8B
| – | – |
-12,706
| Closed | -$648K |
|
633
Cable One
CABO
$252M
| – | – |
-417
| Closed | -$621K |
|
634
Chemed
CHE
$7.18B
| – | – |
-1,429
| Closed | -$628K |
|
635
Commercial Metals
CMC
$8.15B
| – | – |
-18,289
| Closed | -$407K |
|
636
CONMED
CNMD
$1.49B
| – | – |
-3,821
| Closed | -$427K |
|
637
CoreCivic
CXW
$3.19B
| – | – |
-319,906
| Closed | -$5.56M |
|
638
Delta Air Lines
DAL
$60.5B
| – | – |
-111,556
| Closed | -$6.52M |
|
639
Dana Inc
DAN
$2.94B
| – | – |
-67,830
| Closed | -$1.24M |
|
640
DigitalBridge
DBRG
$2.95B
| – | – |
-50,935
| Closed | -$968K |
|
|
DENN
641
DELISTED
Denny's
DENN
| – | – |
-72,182
| Closed | -$1.44M |
|
|
DFS
642
DELISTED
Discover Financial Services
DFS
| – | – |
-24,036
| Closed | -$2.04M |
|
643
GrafTech
EAF
$199M
| – | – |
-26,929
| Closed | -$3.13M |
|
644
eBay
EBAY
$48.9B
| – | – |
-35,765
| Closed | -$1.29M |
|
645
Ecolab
ECL
$79.8B
| – | – |
-8,277
| Closed | -$1.6M |
|
646
Elanco Animal Health
ELAN
$12.1B
| – | – |
-448,970
| Closed | -$13.2M |
|
647
Emcor
EME
$35.7B
| – | – |
-8,599
| Closed | -$742K |
|
648
The Ensign Group
ENSG
$10.6B
| – | – |
-22,913
| Closed | -$1.04M |
|
649
Equinor
EQNR
$93.7B
| – | – |
-551,458
| Closed | -$11M |
|
|
EVRI
650
DELISTED
Everi Holdings
EVRI
| – | – |
-72,258
| Closed | -$970K |
|
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.