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Jennison Associates

Jennison Associates Portfolio holdings

AUM $145B
1-Year Est. Return 34.61%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+19.06%
1 Year Est. Return
+34.61%
3 Year Est. Return
+158.21%
5 Year Est. Return
+226.99%
10 Year Est. Return
+1,390.17%
AUM
$101B
AUM Growth
+$11.4B
Cap. Flow
-$3.72B
Cap. Flow %
-3.69%
Top 10 Hldgs %
31.48%
Holding
723
New
83
Increased
237
Reduced
294
Closed
96

Top Buys

Rank Stock Value
1
LULU icon
lululemon athletica
LULU
+$545M
2
DHR icon
Danaher
DHR
+$429M
3
PYPL icon
PayPal
PYPL
+$426M
4
XYZ
Block Inc
XYZ
+$397M
5
ISRG icon
Intuitive Surgical
ISRG
+$389M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$724M
2
MCD icon
McDonald's
MCD
+$704M
3
UNH icon
UnitedHealth
UNH
+$675M
4
JPM icon
JPMorgan Chase
JPM
+$570M
5
BKNG icon
Booking.com
BKNG
+$559M

Sector Composition

Rank Sector Weight
1 Technology 21.98%
2 Healthcare 17.07%
3 Consumer Discretionary 16.52%
4 Financials 12.13%
5 Communication Services 11.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CWEN icon
651
Clearway Energy Class C
CWEN
$4.94B
– –
-2,780,860
Closed -$48M
CWEN.A
652
DELISTED
Clearway Energy Class A
CWEN.A
– –
-498,852
Closed -$8.44M
DK icon
653
Delek US
DK
$4.16B
– –
-17,782
Closed -$578K
FFIV icon
654
F5
FFIV
$22.9B
– –
-5,432
Closed -$880K
FHI icon
655
Federated Hermes
FHI
$4.55B
– –
-24,904
Closed -$661K
FTNT icon
656
Fortinet
FTNT
$119B
– –
-128,820
Closed -$1.81M
GBCI icon
657
Glacier Bancorp
GBCI
$6.42B
– –
-13,267
Closed -$526K
H icon
658
Hyatt Hotels
H
$16.4B
– –
-235,407
Closed -$15.9M
HRTX icon
659
Heron Therapeutics
HRTX
$93.9M
– –
-229,626
Closed -$5.96M
IDXX icon
660
Idexx Laboratories
IDXX
$44.1B
– –
-387,925
Closed -$72.2M
IGE icon
661
iShares North American Natural Resources ETF
IGE
$741M
– –
-65,806
Closed -$1.79M
INSP icon
662
Inspire Medical Systems
INSP
$1.45B
– –
-75,081
Closed -$3.17M
IP icon
663
International Paper
IP
$21.6B
– –
-28,274
Closed -$1.08M
IPG
664
DELISTED
Interpublic Group of Companies
IPG
– –
-40,541
Closed -$836K
IQ icon
665
iQIYI
IQ
$1.23B
– –
-36,323
Closed -$540K
JAZZ icon
666
Jazz Pharmaceuticals
JAZZ
$15.9B
– –
-4,245
Closed -$526K
KLXE icon
667
KLX Energy Services
KLXE
$45M
– –
-134,295
Closed -$15.7M
KO icon
668
Coca-Cola
KO
$377B
– –
-781,458
Closed -$37M
LYB icon
669
LyondellBasell Industries
LYB
$20B
– –
-6,370
Closed -$530K
MAN icon
670
ManpowerGroup
MAN
$2.44B
– –
-175,539
Closed -$11.4M
MDY icon
671
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
– –
-7,792
Closed -$2.36M
MNST icon
672
Monster Beverage
MNST
$94.3B
– –
-2,087,212
Closed -$51.4M
CALY
673
Callaway Golf Company
CALY
$3.32B
– –
-30,833
Closed -$472K
MYGN icon
674
Myriad Genetics
MYGN
$270M
– –
-16,388
Closed -$476K
NCLH icon
675
Norwegian Cruise Line
NCLH
$8.51B
– –
-711,292
Closed -$30.2M
25 26
27
28 29

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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 $3.72B 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.