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 |
lululemon athletica
LULU
|
+$545M |
| 2 |
Danaher
DHR
|
+$429M |
| 3 |
PayPal
PYPL
|
+$426M |
| 4 |
XYZ
Block Inc
XYZ
|
+$397M |
| 5 |
Intuitive Surgical
ISRG
|
+$389M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$724M |
| 2 |
McDonald's
MCD
|
+$704M |
| 3 |
UnitedHealth
UNH
|
+$675M |
| 4 |
JPMorgan Chase
JPM
|
+$570M |
| 5 |
Booking.com
BKNG
|
+$559M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.18% |
| 2 | Healthcare | 17.46% |
| 3 | Consumer Discretionary | 16.55% |
| 4 | Financials | 12.13% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Exelon
EXC
$45.3B
| $349M | 0.35% |
9,755,981
-701,453
| -7% | -$23.9M |
|
52
Shopify
SHOP
$197B
| $290M | 0.29% |
14,038,460
+916,690
| +7% | +$16.2M |
|
53
Mondelez International
MDLZ
$79.6B
| $264M | 0.26% |
5,294,062
+29,268
| +0.6% | +$1.34M |
|
54
Abbott
ABT
$195B
| $264M | 0.26% |
3,302,258
+217,526
| +7% | +$16.2M |
|
55
Williams Companies
WMB
$90.2B
| $241M | 0.24% |
8,396,454
+2,499,075
| +42% | +$67M |
|
56
NextEra Energy
NEE
$171B
| $237M | 0.24% |
4,908,804
+11,856
| +0.2% | +$542K |
|
57
Mercado Libre
MELI
$99.7B
| $218M | 0.22% |
429,092
+98,432
| +30% | +$39.2M |
|
58
Constellation Brands
STZ
$22.3B
| $217M | 0.22% |
1,237,096
+804,429
| +186% | +$135M |
|
59
Walmart Inc
WMT
$820B
| $215M | 0.21% |
6,621,546
+96,342
| +1% | +$3.12M |
|
60
Pfizer
PFE
$159B
| $201M | 0.2% |
4,984,837
-958,438
| -16% | -$38.4M |
|
|
61
Goldman Sachs
GS
$301B
| $184M | 0.18% |
957,640
-3,753,098
| -80% | -$724M |
|
62
Ameren
AEE
$29.4B
| $183M | 0.18% |
2,494,397
-260,142
| -9% | -$18.1M |
|
63
Bank of America
BAC
$436B
| $182M | 0.18% |
6,612,339
-273,854
| -4% | -$7.74M |
|
64
Chubb
CB
$131B
| $176M | 0.18% |
1,259,662
+353,295
| +39% | +$47M |
|
65
Comcast
CMCSA
$96B
| $176M | 0.17% |
4,403,656
+39,952
| +0.9% | +$1.5M |
|
|
ATVI
66
DELISTED
Activision Blizzard
ATVI
| $175M | 0.17% |
3,853,104
-10,280,369
| -73% | -$465M |
|
67
Cisco
CSCO
$433B
| $172M | 0.17% |
3,184,395
-149,362
| -4% | -$7.26M |
|
|
RDS.A
68
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $171M | 0.17% |
2,732,141
-323,999
| -11% | -$20M |
|
69
Chevron
CVX
$396B
| $166M | 0.16% |
1,345,631
+229,219
| +21% | +$27.1M |
|
70
HDFC Bank
HDB
$119B
| $165M | 0.16% |
5,692,136
+133,332
| +2% | +$3.46M |
|
71
MetLife
MET
$61.3B
| $165M | 0.16% |
3,869,086
+51,272
| +1% | +$2.27M |
|
72
NiSource
NI
$19.5B
| $161M | 0.16% |
5,626,608
+2,375,299
| +73% | +$64M |
|
73
Oneok
OKE
$59.7B
| $161M | 0.16% |
2,298,623
+288,756
| +14% | +$18.7M |
|
|
NBL
74
DELISTED
Noble Energy, Inc.
NBL
| $160M | 0.16% |
6,463,257
-142,806
| -2% | -$3.23M |
|
75
Citigroup
C
$223B
| $158M | 0.16% |
2,545,082
+203,488
| +9% | +$12.6M |
|
Similar funds
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 $3.74B 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.