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 | |
|---|---|---|---|---|---|---|
76
Verizon
VZ
$195B
| $114M | 0.14% |
2,119,200
-3,745
| -0.2% | -$214K |
|
77
Cigna
CI
$72.4B
| $113M | 0.14% |
639,157
+243,830
| +62% | +$47.3M |
|
78
Equinix
EQIX
$104B
| $107M | 0.13% |
171,910
-13,030
| -7% | -$7.8M |
|
79
MetLife
MET
$61.9B
| $106M | 0.13% |
3,471,754
-56,114
| -2% | -$2.49M |
|
80
Edison International
EIX
$27.2B
| $106M | 0.13% |
1,935,144
+24,422
| +1% | +$1.69M |
|
81
Texas Instruments
TXN
$259B
| $105M | 0.13% |
1,055,418
-1,537
| -0.1% | -$184K |
|
82
PNC Financial Services
PNC
$101B
| $103M | 0.13% |
1,080,947
-52,916
| -5% | -$7.11M |
|
83
Chevron
CVX
$379B
| $102M | 0.12% |
1,413,426
+21,555
| +2% | +$2.13M |
|
84
Bank of America
BAC
$440B
| $100M | 0.12% |
4,730,052
-1,293,523
| -21% | -$38.8M |
|
85
Comcast
CMCSA
$88.5B
| $99.3M | 0.12% |
2,887,859
-1,320,978
| -31% | -$55.7M |
|
86
PepsiCo
PEP
$190B
| $98.4M | 0.12% |
819,726
+782
| +0.1% | +$106K |
|
87
Alliant Energy
LNT
$18.3B
| $95.6M | 0.12% |
1,979,871
+29,911
| +2% | +$1.64M |
|
88
Essential Utilities
WTRG
$11.2B
| $92.1M | 0.11% |
2,261,776
-116,301
| -5% | -$5.49M |
|
89
HubSpot
HUBS
$12.7B
| $91.1M | 0.11% |
683,999
-56,050
| -8% | -$9.31M |
|
90
Northrop Grumman
NOC
$78.4B
| $86.7M | 0.11% |
286,538
+281,107
| +5,176% | +$97.8M |
|
91
UnitedHealth
UNH
$370B
| $84M | 0.1% |
336,865
+34,393
| +11% | +$9.46M |
|
|
EXAS
92
DELISTED
Exact Sciences
EXAS
| $83.3M | 0.1% |
1,435,861
-4,191,138
| -74% | -$340M |
|
93
Sempra
SRE
$56.6B
| $82.3M | 0.1% |
1,456,472
-361,470
| -20% | -$25.6M |
|
94
Citigroup
C
$230B
| $81.8M | 0.1% |
1,941,290
+7,404
| +0.4% | +$497K |
|
95
Truist Financial
TFC
$64.3B
| $77.8M | 0.09% |
2,523,174
-157,482
| -6% | -$7.45M |
|
96
Sarepta Therapeutics
SRPT
$1.73B
| $75.9M | 0.09% |
775,920
+5,909
| +0.8% | +$675K |
|
97
Lowe's Companies
LOW
$122B
| $75.3M | 0.09% |
875,044
-65,872
| -7% | -$7.2M |
|
|
98
Walt Disney
DIS
$170B
| $74.3M | 0.09% |
769,367
-7,693,385
| -91% | -$973M |
|
99
Labcorp
LH
$25.3B
| $73.3M | 0.09% |
675,328
+11,388
| +2% | +$1.64M |
|
100
Teladoc Health
TDOC
$1.22B
| $70.7M | 0.09% |
456,204
-421,294
| -48% | -$49M |
|
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.