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 | |
|---|---|---|---|---|---|---|
|
XLNX
51
DELISTED
Xilinx Inc
XLNX
| $280M | 0.3% |
2,921,830
+1,104,442
| +61% | +$121M |
|
52
Mondelez International
MDLZ
$79.6B
| $275M | 0.29% |
4,975,141
-4,277
| -0.1% | -$234K |
|
53
NextEra Energy
NEE
$171B
| $260M | 0.28% |
4,471,528
-40,932
| -0.9% | -$2.22M |
|
54
Mercado Libre
MELI
$99.7B
| $253M | 0.27% |
459,831
+24,601
| +6% | +$14.9M |
|
55
Exelon
EXC
$45.3B
| $252M | 0.27% |
7,304,079
-1,415,952
| -16% | -$47.5M |
|
56
Thermo Fisher Scientific
TMO
$230B
| $248M | 0.26% |
852,640
+33,502
| +4% | +$9.59M |
|
57
Walmart Inc
WMT
$820B
| $229M | 0.24% |
5,798,520
-219,243
| -4% | -$8.27M |
|
58
Abbott
ABT
$195B
| $217M | 0.23% |
2,599,021
-120,238
| -4% | -$10.2M |
|
59
Guardant Health
GH
$21.7B
| $215M | 0.23% |
3,375,689
+622,154
| +23% | +$54.8M |
|
|
ALXN
60
DELISTED
Alexion Pharmaceuticals
ALXN
| $200M | 0.21% |
2,044,089
-6,969,813
| -77% | -$786M |
|
61
Williams Companies
WMB
$90.2B
| $199M | 0.21% |
8,285,717
-11,166
| -0.1% | -$281K |
|
62
Ameren
AEE
$29.4B
| $195M | 0.21% |
2,431,304
-2,784
| -0.1% | -$214K |
|
63
Chubb
CB
$131B
| $192M | 0.2% |
1,187,728
-22,103
| -2% | -$3.42M |
|
64
Bank of America
BAC
$436B
| $192M | 0.2% |
6,571,479
+35,681
| +0.5% | +$1.03M |
|
65
Goldman Sachs
GS
$301B
| $184M | 0.19% |
887,322
+25,415
| +3% | +$5.31M |
|
66
SAP
SAP
$256B
| $183M | 0.19% |
1,549,877
-1,491,663
| -49% | -$185M |
|
|
XIFR
67
XPLR Infrastructure LP
XIFR
$1.11B
| $181M | 0.19% |
3,419,845
+98,792
| +3% | +$4.97M |
|
68
Edison International
EIX
$27B
| $171M | 0.18% |
2,268,679
+884,955
| +64% | +$63.7M |
|
69
Comcast
CMCSA
$96B
| $169M | 0.18% |
3,740,833
-155,811
| -4% | -$6.9M |
|
70
FirstEnergy
FE
$26.5B
| $165M | 0.17% |
3,412,335
-11,976
| -0.3% | -$542K |
|
71
Chevron
CVX
$396B
| $164M | 0.17% |
1,382,696
+10,506
| +0.8% | +$1.28M |
|
72
Linde
LIN
$226B
| $163M | 0.17% |
843,840
+192,598
| +30% | +$37.3M |
|
73
MetLife
MET
$61.3B
| $162M | 0.17% |
3,439,015
-196,229
| -5% | -$9.36M |
|
74
Dominion Energy
D
$57.7B
| $161M | 0.17% |
1,990,658
+487,598
| +32% | +$37.7M |
|
75
Entergy
ETR
$49.3B
| $157M | 0.17% |
2,675,900
-6,272
| -0.2% | -$343K |
|
Similar funds
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.