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 | |
|---|---|---|---|---|---|---|
101
Performance Food Group
PFGC
$15.8B
| $118M | 0.12% |
2,984,830
+673,089
| +29% | +$24.7M |
|
102
SBA Communications
SBAC
$20.3B
| $118M | 0.12% |
588,545
-172,007
| -23% | -$31.2M |
|
|
FOLD
103
DELISTED
Amicus Therapeutics
FOLD
| $117M | 0.12% |
8,624,937
-1,199,435
| -12% | -$14.7M |
|
104
EOG Resources
EOG
$75.2B
| $116M | 0.12% |
1,223,713
-510,002
| -29% | -$48.6M |
|
|
CYBR
105
DELISTED
CyberArk
CYBR
| $116M | 0.11% |
972,278
-208,753
| -18% | -$20M |
|
|
SUM
106
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $115M | 0.11% |
7,341,583
-229,062
| -3% | -$3.58M |
|
107
Albemarle
ALB
$16.2B
| $113M | 0.11% |
1,375,759
-5,578,450
| -80% | -$456M |
|
108
Sempra
SRE
$55.1B
| $112M | 0.11% |
1,779,156
+4,054
| +0.2% | +$239K |
|
|
AGN
109
DELISTED
Allergan plc
AGN
| $112M | 0.11% |
764,389
-730,292
| -49% | -$106M |
|
110
Howard Hughes
HHH
$3.87B
| $110M | 0.11% |
1,045,104
-26,004
| -2% | -$2.69M |
|
111
Planet Fitness
PLNT
$4.03B
| $109M | 0.11% |
1,583,068
-264,930
| -14% | -$16M |
|
|
112
McDonald's
MCD
$188B
| $108M | 0.11% |
570,965
-3,881,124
| -87% | -$704M |
|
113
Emerson Electric
EMR
$86.6B
| $108M | 0.11% |
1,580,884
+187,558
| +13% | +$12.3M |
|
114
Bankunited
BKU
$3.3B
| $108M | 0.11% |
3,238,059
-177,079
| -5% | -$6.1M |
|
|
WP
115
DELISTED
Worldpay, Inc.
WP
| $104M | 0.1% |
917,367
-73,665
| -7% | -$6.68M |
|
|
MFA
116
MFA Financial
MFA
$893M
| $102M | 0.1% |
3,497,421
-40,958
| -1% | -$1.19M |
|
117
Vistra
VST
$46B
| $100M | 0.1% |
3,857,047
+1,195,362
| +45% | +$30.2M |
|
118
FMC
FMC
$1.42B
| $96.1M | 0.1% |
1,251,077
-623,490
| -33% | -$45.7M |
|
119
Hexcel
HXL
$7.17B
| $96M | 0.1% |
1,388,147
+115,448
| +9% | +$7.76M |
|
120
Equinix
EQIX
$103B
| $95.7M | 0.1% |
211,233
-1,555
| -0.7% | -$633K |
|
121
Teleflex
TFX
$5.92B
| $94.1M | 0.09% |
311,383
+8,217
| +3% | +$2.29M |
|
|
BECN
122
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $93.2M | 0.09% |
2,898,861
-56,278
| -2% | -$1.97M |
|
|
HRC
123
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $92.2M | 0.09% |
870,852
-43,253
| -5% | -$4.36M |
|
124
Truist Financial
TFC
$61.6B
| $92M | 0.09% |
1,976,629
-432,129
| -18% | -$21.1M |
|
125
Vail Resorts
MTN
$5.06B
| $91.7M | 0.09% |
422,052
-139,505
| -25% | -$28.5M |
|
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.