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 | |
|---|---|---|---|---|---|---|
676
Marcus & Millichap
MMI
$1.2B
| – | – |
-14,443
| Closed | -$538K |
|
677
Merit Medical Systems
MMSI
$5.24B
| – | – |
-48,273
| Closed | -$1.51M |
|
|
MRC
678
DELISTED
MRC Global
MRC
| – | – |
-47,619
| Closed | -$650K |
|
679
Morgan Stanley
MS
$336B
| – | – |
-136,239
| Closed | -$6.96M |
|
680
Match Group
MTCH
$8.54B
| – | – |
-7,966
| Closed | -$654K |
|
681
Norwegian Cruise Line
NCLH
$8.89B
| – | – |
-11,380
| Closed | -$665K |
|
682
OFG Bancorp
OFG
$2.24B
| – | – |
-25,666
| Closed | -$606K |
|
|
PARA
683
DELISTED
Paramount Global Class B
PARA
| – | – |
-122,722
| Closed | -$5.15M |
|
684
Paylocity
PCTY
$8.39B
| – | – |
-5,193
| Closed | -$627K |
|
685
Pebblebrook Hotel Trust
PEB
$2.08B
| – | – |
-1,255,861
| Closed | -$33.7M |
|
686
Parker-Hannifin
PH
$135B
| – | – |
-562,896
| Closed | -$116M |
|
|
PLYA
687
DELISTED
Playa Hotels & Resorts
PLYA
| – | – |
-417,795
| Closed | -$3.51M |
|
688
Parsons
PSN
$5.12B
| – | – |
-89,161
| Closed | -$3.68M |
|
689
Peloton Interactive
PTON
$2.38B
| – | – |
-1,944,757
| Closed | -$55.2M |
|
690
ProPetro Holding
PUMP
$1.34B
| – | – |
-366,360
| Closed | -$4.12M |
|
|
SAGE
691
PUT
DELISTED
Sage Therapeutics
SAGE
| – | – |
-80,200
| Closed | -$5.79M |
|
692
Skywest
SKYW
$4.4B
| – | – |
-7,686
| Closed | -$497K |
|
693
Silicon Laboratories
SLAB
$7.21B
| – | – |
-27,604
| Closed | -$3.2M |
|
694
Spotify
SPOT
$97.7B
| – | – |
-25,371
| Closed | -$3.79M |
|
695
Sun Communities
SUI
$14.7B
| – | – |
-4,249
| Closed | -$638K |
|
696
Synchrony
SYF
$25.6B
| – | – |
-23,033
| Closed | -$829K |
|
697
Stryker
SYK
$129B
| – | – |
-3,033
| Closed | -$637K |
|
698
Tapestry
TPR
$32.7B
| – | – |
-155,254
| Closed | -$4.19M |
|
699
Tractor Supply
TSCO
$17.9B
| – | – |
-727,950
| Closed | -$13.6M |
|
700
Texas Roadhouse
TXRH
$13.7B
| – | – |
-208,590
| Closed | -$11.7M |
|
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.