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 |
COUP
Coupa Software Incorporated
COUP
|
+$628M |
| 2 |
Boston Scientific
BSX
|
+$399M |
| 3 |
Eli Lilly
LLY
|
+$366M |
| 4 |
Apple
AAPL
|
+$304M |
| 5 |
Shopify
SHOP
|
+$294M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$741M |
| 2 |
Meta Platforms (Facebook)
META
|
+$537M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$487M |
| 4 |
American Tower
AMT
|
+$449M |
| 5 |
Workday
WDAY
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.73% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.45% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Chevron
CVX
$396B
| $168M | 0.17% |
1,391,871
+9,175
| +0.7% | +$1.08M |
|
77
FirstEnergy
FE
$26.5B
| $165M | 0.17% |
3,402,081
-10,254
| -0.3% | -$490K |
|
78
Citigroup
C
$223B
| $154M | 0.16% |
1,933,886
-29,899
| -2% | -$2.21M |
|
79
CMS Energy
CMS
$21.4B
| $153M | 0.15% |
2,436,604
+511
| +0% | +$31.9K |
|
80
Universal Display
OLED
$3.81B
| $153M | 0.15% |
742,127
-91,678
| -11% | -$17.3M |
|
81
Truist Financial
TFC
$61.6B
| $151M | 0.15% |
2,680,656
+302,385
| +13% | +$16.4M |
|
82
Oneok
OKE
$59.7B
| $149M | 0.15% |
1,965,962
+206,971
| +12% | +$14.8M |
|
83
Edison International
EIX
$27B
| $144M | 0.15% |
1,910,722
-357,957
| -16% | -$25.3M |
|
84
Entergy
ETR
$49.3B
| $143M | 0.14% |
2,394,140
-281,760
| -11% | -$16.6M |
|
85
Zoetis
ZTS
$32B
| $142M | 0.14% |
1,074,338
+6,818
| +0.6% | +$847K |
|
86
Chubb
CB
$131B
| $140M | 0.14% |
899,398
-288,330
| -24% | -$44.1M |
|
87
FMC
FMC
$1.42B
| $140M | 0.14% |
1,402,307
-128,300
| -8% | -$11.9M |
|
88
Sempra
SRE
$55.1B
| $138M | 0.14% |
1,817,942
+39,460
| +2% | +$2.9M |
|
89
RTX Corp
RTX
$285B
| $137M | 0.14% |
1,457,192
-83,494
| -5% | -$7.57M |
|
90
Texas Instruments
TXN
$236B
| $136M | 0.14% |
1,056,955
+135,450
| +15% | +$16.7M |
|
91
Verizon
VZ
$208B
| $130M | 0.13% |
2,122,945
+245,192
| +13% | +$14.8M |
|
|
WPX
92
DELISTED
WPX Energy, Inc.
WPX
| $129M | 0.13% |
9,424,604
-1,030,344
| -10% | -$11M |
|
93
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $127M | 0.13% |
1,987,683
-180,656
| -8% | -$10.9M |
|
94
DTE Energy
DTE
$28.3B
| $126M | 0.13% |
1,137,440
| – | – |
|
95
HubSpot
HUBS
$13B
| $117M | 0.12% |
740,049
-55,520
| -7% | -$8.5M |
|
96
RingCentral
RNG
$5.79B
| $117M | 0.12% |
+694,616
| New | +$114M |
|
97
Parker-Hannifin
PH
$125B
| $116M | 0.12% |
562,896
-33,851
| -6% | -$6.56M |
|
|
NBL
98
DELISTED
Noble Energy, Inc.
NBL
| $114M | 0.12% |
4,598,837
+41,342
| +0.9% | +$878K |
|
99
Lowe's Companies
LOW
$117B
| $113M | 0.11% |
940,916
+96,039
| +11% | +$11M |
|
100
PepsiCo
PEP
$193B
| $112M | 0.11% |
818,944
+275,541
| +51% | +$37.5M |
|
Similar funds
Jennison Associates's Q4 2019 Portfolio in Review
As of Q4 2019, Jennison Associates held 706 positions worth $99.1B, up 4.7% from $94.7B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Jennison Associates withdrew a net $6.19B in Q4 2019, closing 88 positions and reducing 342 holdings. Its most notable exit was Hexcel, an estimated $85.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in RingCentral worth $117M.
- Jennison Associates's largest Q4 2019 buy was RingCentral: 694,616 shares worth $117M.
- Jennison Associates added most to Coupa Software Incorporated in Q4 2019, an estimated $628M increase.
- Jennison Associates's biggest Q4 2019 reduction was Boeing, cutting an estimated $741M.
- Jennison Associates fully exited Hexcel in Q4 2019, selling an estimated $85.1M.
- Jennison Associates's ten largest holdings make up 34% of its $99.1B portfolio in Q4 2019.
- Jennison Associates opened 70 new positions and closed 88 in Q4 2019.
- Jennison Associates's portfolio value rose 4.7% quarter-over-quarter to $99.1B.
Based on Jennison Associates's 13F filing for Q4 2019, filed 7 Feb 2020.