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 | |
|---|---|---|---|---|---|---|
51
NextEra Energy
NEE
$181B
| $277M | 0.34% |
4,605,828
+85,264
| +2% | +$5.36M |
|
52
Mercado Libre
MELI
$96.3B
| $270M | 0.33% |
552,915
-19,371
| -3% | -$11.9M |
|
53
Dominion Energy
D
$60.5B
| $226M | 0.27% |
3,125,519
+547,284
| +21% | +$44.7M |
|
54
JPMorgan Chase
JPM
$937B
| $224M | 0.27% |
2,491,465
-4,451,021
| -64% | -$541M |
|
|
55
Edwards Lifesciences
EW
$51.1B
| $220M | 0.27% |
3,504,771
-11,169,612
| -76% | -$805M |
|
56
Mondelez International
MDLZ
$78.8B
| $204M | 0.25% |
4,075,574
-10,118
| -0.2% | -$548K |
|
57
Danaher
DHR
$139B
| $185M | 0.22% |
1,509,070
-3,735,021
| -71% | -$503M |
|
58
Ameren
AEE
$30.3B
| $182M | 0.22% |
2,496,304
+71,487
| +3% | +$5.67M |
|
59
Guardant Health
GH
$21.3B
| $181M | 0.22% |
2,598,185
-64,048
| -2% | -$4.91M |
|
60
Linde
LIN
$221B
| $166M | 0.2% |
958,897
-31,312
| -3% | -$6.18M |
|
61
Walmart Inc
WMT
$881B
| $165M | 0.2% |
4,359,441
-1,419,525
| -25% | -$54.6M |
|
62
Marriott International
MAR
$90.4B
| $165M | 0.2% |
2,204,142
-2,683,525
| -55% | -$334M |
|
|
XIFR
63
XPLR Infrastructure LP
XIFR
$1.12B
| $163M | 0.2% |
3,788,619
+89,099
| +2% | +$4.72M |
|
64
Alcon
ALC
$34.2B
| $163M | 0.2% |
3,173,510
+2,662,452
| +521% | +$153M |
|
65
FirstEnergy
FE
$28B
| $160M | 0.19% |
3,983,526
+581,445
| +17% | +$27M |
|
66
Zoetis
ZTS
$32.3B
| $160M | 0.19% |
1,355,644
+281,306
| +26% | +$37M |
|
67
CMS Energy
CMS
$22.5B
| $149M | 0.18% |
2,542,468
+105,864
| +4% | +$6.77M |
|
68
Procter & Gamble
PG
$338B
| $147M | 0.18% |
1,337,007
+589,300
| +79% | +$70.7M |
|
69
Advanced Micro Devices
AMD
$790B
| $141M | 0.17% |
3,101,529
+3,063,514
| +8,059% | +$148M |
|
70
Dynatrace
DT
$12.9B
| $131M | 0.16% |
+5,510,922
| New | +$159M |
|
71
CrowdStrike
CRWD
$206B
| $130M | 0.16% |
+9,358,880
| New | +$132M |
|
72
SBA Communications
SBAC
$19B
| $129M | 0.16% |
479,100
+72,881
| +18% | +$19.2M |
|
73
Entergy
ETR
$50.4B
| $117M | 0.14% |
2,482,062
+87,922
| +4% | +$5.21M |
|
74
FMC
FMC
$1.3B
| $116M | 0.14% |
1,414,608
+12,301
| +0.9% | +$1.14M |
|
75
Chubb
CB
$134B
| $115M | 0.14% |
1,031,629
+132,231
| +15% | +$19M |
|
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.