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 | |
|---|---|---|---|---|---|---|
651
Delek US
DK
$4.42B
| – | – |
-186,668
| Closed | -$7.56M |
|
652
Dorman Products
DORM
$3.84B
| – | – |
-7,412
| Closed | -$646K |
|
653
Domino's
DPZ
$11.6B
| – | – |
-110,617
| Closed | -$30.8M |
|
654
Eagle Bancorp
EGBN
$840M
| – | – |
-13,074
| Closed | -$708K |
|
655
Evercore
EVR
$11.2B
| – | – |
-14,018
| Closed | -$1.24M |
|
656
First Commonwealth Financial
FCF
$2.11B
| – | – |
-54,432
| Closed | -$733K |
|
657
Fortive
FTV
$18B
| – | – |
-606,274
| Closed | -$31.2M |
|
658
The Greenbrier Companies
GBX
$1.42B
| – | – |
-18,396
| Closed | -$559K |
|
|
CBIO
659
Crescent Biopharma
CBIO
$659M
| – | – |
-14,167
| Closed | -$16.9M |
|
660
Globus Medical
GMED
$11.1B
| – | – |
-16,175
| Closed | -$684K |
|
661
Graphic Packaging
GPK
$3.42B
| – | – |
-1,678,741
| Closed | -$23.5M |
|
662
Warrior Met Coal
HCC
$5.65B
| – | – |
-162,318
| Closed | -$4.24M |
|
663
Herbalife
HLF
$1.3B
| – | – |
-28,493
| Closed | -$1.22M |
|
664
Independent Bank
INDB
$3.89B
| – | – |
-9,442
| Closed | -$719K |
|
665
MSC Industrial Direct
MSM
$6.66B
| – | – |
-188,527
| Closed | -$14M |
|
666
MasTec
MTZ
$19.4B
| – | – |
-15,508
| Closed | -$799K |
|
667
Micron Technology
MU
$1.05T
| – | – |
-24,261
| Closed | -$936K |
|
668
Murphy USA
MUSA
$9.25B
| – | – |
-8,982
| Closed | -$755K |
|
669
NeoGenomics
NEO
$2.32B
| – | – |
-40,260
| Closed | -$883K |
|
670
New Jersey Resources
NJR
$5.44B
| – | – |
-38,361
| Closed | -$1.91M |
|
671
Nexstar Media Group
NXST
$5.65B
| – | – |
-12,158
| Closed | -$1.23M |
|
672
OneMain Financial
OMF
$7.23B
| – | – |
-34,002
| Closed | -$1.15M |
|
673
PG&E
PCG
$36.6B
| – | – |
-1,821,326
| Closed | -$41.7M |
|
674
Progressive
PGR
$127B
| – | – |
-19,408
| Closed | -$1.55M |
|
675
Pultegroup
PHM
$24.5B
| – | – |
-22,409
| Closed | -$709K |
|
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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.