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 | |
|---|---|---|---|---|---|---|
76
CDW
CDW
$18.5B
| $154M | 0.15% |
1,593,495
-106,902
| -6% | -$9.54M |
|
|
XIFR
77
XPLR Infrastructure LP
XIFR
$1.11B
| $151M | 0.15% |
3,245,942
+275,136
| +9% | +$11.9M |
|
78
Cheniere Energy
LNG
$58.3B
| $149M | 0.15% |
2,183,591
-113,462
| -5% | -$7.46M |
|
79
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $148M | 0.15% |
2,711,748
-5,987
| -0.2% | -$331K |
|
80
Marvell Technology
MRVL
$195B
| $147M | 0.15% |
7,375,792
+533,146
| +8% | +$9.97M |
|
81
Evergy
EVRG
$18.6B
| $145M | 0.14% |
2,498,959
-682,985
| -21% | -$38.9M |
|
82
Dominion Energy
D
$57.7B
| $142M | 0.14% |
1,857,965
+1,033,748
| +125% | +$75.5M |
|
83
FirstEnergy
FE
$26.5B
| $142M | 0.14% |
3,407,803
+564,513
| +20% | +$22.4M |
|
84
Zimmer Biomet
ZBH
$19.2B
| $140M | 0.14% |
1,128,939
-228,774
| -17% | -$26M |
|
|
WPX
85
DELISTED
WPX Energy, Inc.
WPX
| $138M | 0.14% |
10,540,022
-57,209
| -0.5% | -$718K |
|
86
HubSpot
HUBS
$13B
| $138M | 0.14% |
829,155
-134,590
| -14% | -$21.3M |
|
87
RTX Corp
RTX
$285B
| $137M | 0.14% |
1,693,369
-11,466
| -0.7% | -$871K |
|
88
DTE Energy
DTE
$28.3B
| $136M | 0.13% |
1,277,422
| – | – |
|
89
CMS Energy
CMS
$21.4B
| $135M | 0.13% |
2,434,940
+2,993
| +0.1% | +$158K |
|
90
PNC Financial Services
PNC
$96.6B
| $135M | 0.13% |
1,098,150
-744,997
| -40% | -$92.2M |
|
91
Parker-Hannifin
PH
$125B
| $132M | 0.13% |
770,977
+63,536
| +9% | +$10.5M |
|
92
SLM Corp
SLM
$4.97B
| $132M | 0.13% |
13,339,997
-2,184,001
| -14% | -$22.6M |
|
93
Entergy
ETR
$49.3B
| $131M | 0.13% |
2,734,506
+1,290,600
| +89% | +$58.3M |
|
94
East-West Bancorp
EWBC
$17.7B
| $130M | 0.13% |
2,714,417
-42,417
| -2% | -$2.17M |
|
95
Ulta Beauty
ULTA
$22.1B
| $130M | 0.13% |
373,360
-105,148
| -22% | -$31.8M |
|
96
Verizon
VZ
$208B
| $128M | 0.13% |
2,162,688
+345,094
| +19% | +$19.5M |
|
97
Ross Stores
ROST
$73.3B
| $127M | 0.13% |
1,362,119
-3,157
| -0.2% | -$290K |
|
98
Twilio
TWLO
$36.5B
| $123M | 0.12% |
+955,860
| New | +$108M |
|
|
CXO
99
DELISTED
CONCHO RESOURCES INC.
CXO
| $121M | 0.12% |
1,094,270
-1,821,865
| -62% | -$206M |
|
100
Sarepta Therapeutics
SRPT
$2.2B
| $120M | 0.12% |
1,007,479
-15,036
| -1% | -$1.93M |
|
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.