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 | |
|---|---|---|---|---|---|---|
126
Targa Resources
TRGP
$61.7B
| $91.4M | 0.09% |
2,199,024
-65,061
| -3% | -$2.73M |
|
|
INXN
127
DELISTED
Interxion Holding N.V.
INXN
| $90.8M | 0.09% |
1,360,545
+370,503
| +37% | +$23M |
|
|
EXAS
128
DELISTED
Exact Sciences
EXAS
| $90.3M | 0.09% |
1,042,536
-2,114
| -0.2% | -$180K |
|
129
Edison International
EIX
$27B
| $90.2M | 0.09% |
1,456,982
+214,554
| +17% | +$12.8M |
|
|
TGE
130
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $89.7M | 0.09% |
3,566,521
-186,841
| -5% | -$4.43M |
|
131
Burlington
BURL
$17.1B
| $89M | 0.09% |
567,905
+14,358
| +3% | +$2.31M |
|
132
Global Payments
GPN
$24.3B
| $88.3M | 0.09% |
646,849
-52,160
| -7% | -$6.33M |
|
|
MRTX
133
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $87.4M | 0.09% |
1,192,679
-23,785
| -2% | -$1.62M |
|
134
DuPont de Nemours
DD
$18.5B
| $86.7M | 0.09% |
642,132
+67,088
| +12% | +$9.31M |
|
135
Liberty Global Class C
LBTYK
$3.56B
| $86.1M | 0.09% |
3,557,154
-144,973
| -4% | -$3.43M |
|
136
NRG Energy
NRG
$23.4B
| $85.9M | 0.09% |
2,021,559
-1,540,665
| -43% | -$63.8M |
|
137
Texas Instruments
TXN
$236B
| $85.8M | 0.09% |
808,553
+10,177
| +1% | +$1.05M |
|
138
Zurn Elkay Water Solutions
ZWS
$7.97B
| $84.6M | 0.08% |
6,986,386
-86,008
| -1% | -$1.07M |
|
139
Quanta Services
PWR
$90.6B
| $83.4M | 0.08% |
2,209,785
+166,566
| +8% | +$5.82M |
|
140
Cigna
CI
$73.7B
| $81.7M | 0.08% |
507,815
-260,124
| -34% | -$47.5M |
|
141
Ametek
AME
$54.2B
| $80.2M | 0.08% |
966,451
-78,491
| -8% | -$5.96M |
|
142
Capital One
COF
$132B
| $79.6M | 0.08% |
974,972
-7,175
| -0.7% | -$583K |
|
143
Qualcomm
QCOM
$175B
| $79.5M | 0.08% |
1,394,292
+32,648
| +2% | +$1.76M |
|
|
WCG
144
DELISTED
Wellcare Health Plans, Inc.
WCG
| $79.3M | 0.08% |
+293,963
| New | +$75.9M |
|
|
APC
145
DELISTED
Anadarko Petroleum
APC
| $79.1M | 0.08% |
1,738,581
-156,670
| -8% | -$7.11M |
|
146
Tapestry
TPR
$25B
| $79M | 0.08% |
2,430,488
-351,656
| -13% | -$12.3M |
|
|
PFPT
147
DELISTED
Proofpoint, Inc.
PFPT
| $77.7M | 0.08% |
640,226
-38,455
| -6% | -$4.22M |
|
|
MINI
148
DELISTED
Mobile Mini Inc
MINI
| $77.5M | 0.08% |
2,283,030
-401,447
| -15% | -$14.3M |
|
149
Pembina Pipeline
PBA
$27.9B
| $77.1M | 0.08% |
2,097,746
+12,666
| +0.6% | +$448K |
|
150
Gaming and Leisure Properties
GLPI
$12.4B
| $76.9M | 0.08% |
1,993,957
+3,775
| +0.2% | +$137K |
|
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.