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 | |
|---|---|---|---|---|---|---|
101
Essential Utilities
WTRG
$11.7B
| $112M | 0.11% |
2,378,077
-15,206
| -0.6% | -$685K |
|
102
Equinix
EQIX
$103B
| $108M | 0.11% |
184,940
-26,686
| -13% | -$15M |
|
103
IQVIA
IQV
$43.1B
| $107M | 0.11% |
691,934
-96,514
| -12% | -$14.1M |
|
104
Alliant Energy
LNT
$17.6B
| $107M | 0.11% |
1,949,960
+96,495
| +5% | +$5.13M |
|
105
Performance Food Group
PFGC
$15.8B
| $105M | 0.11% |
2,031,205
-144,832
| -7% | -$6.62M |
|
106
CDW
CDW
$18.5B
| $104M | 0.11% |
730,501
-355,201
| -33% | -$47M |
|
|
SUM
107
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $103M | 0.1% |
4,403,622
-342,438
| -7% | -$7.77M |
|
108
Cheniere Energy
LNG
$58.3B
| $103M | 0.1% |
1,691,981
-57,146
| -3% | -$3.52M |
|
109
Sarepta Therapeutics
SRPT
$2.2B
| $99.4M | 0.1% |
770,011
-329,682
| -30% | -$33.3M |
|
110
Capital One
COF
$132B
| $98.7M | 0.1% |
959,393
-2,467
| -0.3% | -$238K |
|
111
SBA Communications
SBAC
$20.3B
| $97.9M | 0.1% |
406,219
-121,541
| -23% | -$28.8M |
|
112
Bankunited
BKU
$3.3B
| $96.9M | 0.1% |
2,649,830
+23,787
| +0.9% | +$829K |
|
113
Labcorp
LH
$27.2B
| $96.5M | 0.1% |
663,940
+57,285
| +9% | +$8.27M |
|
|
RDS.A
114
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $95.4M | 0.1% |
1,616,974
-852,090
| -35% | -$49.8M |
|
115
Marvell Technology
MRVL
$195B
| $93.9M | 0.09% |
3,533,726
-1,808,725
| -34% | -$45.8M |
|
116
Procter & Gamble
PG
$334B
| $93.4M | 0.09% |
747,707
+11,298
| +2% | +$1.38M |
|
117
East-West Bancorp
EWBC
$17.7B
| $93.3M | 0.09% |
1,915,759
-161,670
| -8% | -$7.29M |
|
|
MINI
118
DELISTED
Mobile Mini Inc
MINI
| $92.4M | 0.09% |
2,436,702
+114,671
| +5% | +$4.32M |
|
119
Enbridge
ENB
$110B
| $92.3M | 0.09% |
2,322,318
+588,423
| +34% | +$22M |
|
120
Five Below
FIVE
$13.4B
| $90.3M | 0.09% |
706,191
+52,600
| +8% | +$6.59M |
|
121
Targa Resources
TRGP
$61.7B
| $89.6M | 0.09% |
2,195,593
-7,827
| -0.4% | -$304K |
|
122
Saia
SAIA
$9.37B
| $89M | 0.09% |
955,767
+21,115
| +2% | +$2M |
|
123
UnitedHealth
UNH
$353B
| $88.9M | 0.09% |
302,472
+1,869
| +0.6% | +$489K |
|
124
Pembina Pipeline
PBA
$27.9B
| $88.6M | 0.09% |
2,391,804
+263,340
| +12% | +$9.42M |
|
125
Zurn Elkay Water Solutions
ZWS
$7.97B
| $88.6M | 0.09% |
5,636,435
-117,807
| -2% | -$1.69M |
|
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.