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 | |
|---|---|---|---|---|---|---|
101
IQVIA
IQV
$40.7B
| $118M | 0.12% |
788,448
-33,488
| -4% | -$5.21M |
|
102
Verizon
VZ
$197B
| $113M | 0.12% |
1,877,753
-255,415
| -12% | -$14.7M |
|
103
NiSource
NI
$21.5B
| $111M | 0.12% |
3,717,107
-1,837,953
| -33% | -$53.9M |
|
|
WPX
104
DELISTED
WPX Energy, Inc.
WPX
| $111M | 0.12% |
10,454,948
-155,884
| -1% | -$1.64M |
|
105
Cheniere Energy
LNG
$54.2B
| $110M | 0.12% |
1,749,127
-220,807
| -11% | -$14.1M |
|
106
Pfizer
PFE
$143B
| $109M | 0.12% |
3,201,737
-1,488,130
| -32% | -$54.1M |
|
107
Parker-Hannifin
PH
$120B
| $108M | 0.11% |
596,747
-151,769
| -20% | -$25.8M |
|
108
Essential Utilities
WTRG
$11.5B
| $107M | 0.11% |
2,393,283
-19,013
| -0.8% | -$816K |
|
|
SUM
109
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $104M | 0.11% |
4,746,060
-1,666,844
| -26% | -$32.9M |
|
|
NBL
110
DELISTED
Noble Energy, Inc.
NBL
| $102M | 0.11% |
4,557,495
-1,351,822
| -23% | -$30.1M |
|
111
Natera
NTRA
$36.4B
| $101M | 0.11% |
3,086,827
-1,347,900
| -30% | -$39.9M |
|
112
Performance Food Group
PFGC
$18.3B
| $100M | 0.11% |
2,176,037
-741,008
| -25% | -$32.9M |
|
113
Alliant Energy
LNT
$18.6B
| $100M | 0.11% |
1,853,465
+627,204
| +51% | +$32.2M |
|
|
MFA
114
MFA Financial
MFA
$932M
| $98.9M | 0.1% |
3,358,668
-154,734
| -4% | -$4.51M |
|
115
Lowe's Companies
LOW
$121B
| $92.9M | 0.1% |
844,877
-54,831
| -6% | -$5.79M |
|
116
Fidelity National Information Services
FIS
$24.2B
| $92.8M | 0.1% |
699,300
+356,402
| +104% | +$47.3M |
|
117
East-West Bancorp
EWBC
$17.8B
| $92M | 0.1% |
2,077,429
-176,808
| -8% | -$7.77M |
|
118
Peloton Interactive
PTON
$2.85B
| $91.8M | 0.1% |
+3,659,219
| New | +$92.8M |
|
119
Procter & Gamble
PG
$340B
| $91.6M | 0.1% |
736,409
+96,046
| +15% | +$11.3M |
|
120
Burlington
BURL
$23.4B
| $90.2M | 0.1% |
451,478
+17,160
| +4% | +$3.16M |
|
|
HRC
121
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $89M | 0.09% |
846,176
+39,963
| +5% | +$4.22M |
|
122
Uber
UBER
$145B
| $89M | 0.09% |
2,921,194
-4,032,674
| -58% | -$152M |
|
123
Targa Resources
TRGP
$56.8B
| $88.5M | 0.09% |
2,203,420
+162,446
| +8% | +$6.2M |
|
124
Bankunited
BKU
$3.33B
| $88.3M | 0.09% |
2,626,043
-278,061
| -10% | -$9.08M |
|
125
Johnson Controls International
JCI
$85.1B
| $88.2M | 0.09% |
2,008,819
+22,705
| +1% | +$961K |
|
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.