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 | 24.9% |
| 2 | Consumer Discretionary | 17.13% |
| 3 | Healthcare | 13.93% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CMS Energy
CMS
$23B
| $156M | 0.16% |
2,436,093
+52
| +0% | +$3.16K |
|
77
Eli Lilly
LLY
$1.08T
| $152M | 0.16% |
1,355,186
-218,457
| -14% | -$24.3M |
|
78
Zimmer Biomet
ZBH
$18.8B
| $149M | 0.16% |
1,119,551
+78,052
| +7% | +$10.1M |
|
|
RDS.A
79
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $145M | 0.15% |
2,469,064
+10,047
| +0.4% | +$596K |
|
80
PNC Financial Services
PNC
$99.1B
| $142M | 0.15% |
1,015,327
-74,756
| -7% | -$10.1M |
|
81
Universal Display
OLED
$3.75B
| $140M | 0.15% |
833,805
+521,271
| +167% | +$104M |
|
82
Citigroup
C
$213B
| $136M | 0.14% |
1,963,785
-299,514
| -13% | -$20.4M |
|
83
FMC
FMC
$1.25B
| $134M | 0.14% |
1,530,607
+205,919
| +16% | +$17.7M |
|
84
CDW
CDW
$18.9B
| $134M | 0.14% |
1,085,702
-253,979
| -19% | -$29.1M |
|
85
Marvell Technology
MRVL
$147B
| $133M | 0.14% |
5,342,451
-61,056
| -1% | -$1.53M |
|
86
Zoetis
ZTS
$32.7B
| $133M | 0.14% |
1,067,520
+571,203
| +115% | +$68.9M |
|
87
RTX Corp
RTX
$290B
| $132M | 0.14% |
1,540,686
+22,274
| +1% | +$1.85M |
|
88
Trade Desk
TTD
$8.97B
| $132M | 0.14% |
7,023,080
+4,796,450
| +215% | +$114M |
|
89
Sempra
SRE
$58.1B
| $131M | 0.14% |
1,778,482
+1,358
| +0.1% | +$95.1K |
|
90
Oneok
OKE
$56.7B
| $130M | 0.14% |
1,758,991
-529,815
| -23% | -$37.5M |
|
91
Ross Stores
ROST
$80.8B
| $129M | 0.14% |
1,174,114
-115,839
| -9% | -$12.2M |
|
92
DTE Energy
DTE
$29.9B
| $129M | 0.14% |
1,137,440
| – | – |
|
93
SBA Communications
SBAC
$19.8B
| $127M | 0.13% |
527,760
-9,019
| -2% | -$2.23M |
|
94
Truist Financial
TFC
$63.9B
| $127M | 0.13% |
2,378,271
+4,588
| +0.2% | +$227K |
|
95
HDFC Bank
HDB
$123B
| $125M | 0.13% |
4,375,020
-2,112,828
| -33% | -$60.1M |
|
96
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $123M | 0.13% |
2,168,339
-319,295
| -13% | -$17.9M |
|
97
Equinix
EQIX
$99.4B
| $122M | 0.13% |
211,626
-285
| -0.1% | -$153K |
|
98
HubSpot
HUBS
$12.9B
| $121M | 0.13% |
795,569
-20,869
| -3% | -$3.75M |
|
99
McDonald's
MCD
$193B
| $120M | 0.13% |
560,706
+249
| +0% | +$53.4K |
|
100
Texas Instruments
TXN
$248B
| $119M | 0.13% |
921,505
+140,014
| +18% | +$17.2M |
|
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 $4.41B 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, up 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.