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 | |
|---|---|---|---|---|---|---|
126
Saia
SAIA
$10.5B
| $87.6M | 0.09% |
934,652
-76,488
| -8% | -$6.07M |
|
127
Labcorp
LH
$25.2B
| $87.6M | 0.09% |
606,655
+91,210
| +18% | +$13.3M |
|
128
Capital One
COF
$128B
| $87.5M | 0.09% |
961,860
+4,369
| +0.5% | +$393K |
|
|
MINI
129
DELISTED
Mobile Mini Inc
MINI
| $85.6M | 0.09% |
2,322,031
+164,164
| +8% | +$5.35M |
|
130
Hexcel
HXL
$7.97B
| $85.1M | 0.09% |
1,036,350
-193,490
| -16% | -$15.8M |
|
131
Emerson Electric
EMR
$81.6B
| $84.9M | 0.09% |
1,270,473
+116,688
| +10% | +$7.33M |
|
132
Sarepta Therapeutics
SRPT
$1.64B
| $82.8M | 0.09% |
1,099,693
+99,394
| +10% | +$11.7M |
|
133
Five Below
FIVE
$11.6B
| $82.4M | 0.09% |
653,591
-95,084
| -13% | -$11.5M |
|
134
Merck
MRK
$322B
| $81.8M | 0.09% |
1,018,178
-896,967
| -47% | -$71.9M |
|
|
PFPT
135
DELISTED
Proofpoint, Inc.
PFPT
| $81.2M | 0.09% |
629,581
+31,376
| +5% | +$3.84M |
|
136
Howard Hughes
HHH
$3.94B
| $80.4M | 0.08% |
650,744
-112,399
| -15% | -$13.9M |
|
137
Boston Properties
BXP
$11.6B
| $79.4M | 0.08% |
612,621
+273,267
| +81% | +$35.5M |
|
138
Pembina Pipeline
PBA
$29.3B
| $78.9M | 0.08% |
2,128,464
+19,056
| +0.9% | +$706K |
|
139
SLM Corp
SLM
$4.83B
| $78.7M | 0.08% |
8,914,724
-1,879,390
| -17% | -$16.9M |
|
|
FISV
140
Fiserv Inc
FISV
$29.7B
| $77.9M | 0.08% |
751,748
+198,648
| +36% | +$20.3M |
|
141
EOG Resources
EOG
$77.7B
| $77.2M | 0.08% |
1,039,982
-81,302
| -7% | -$6.59M |
|
142
Planet Fitness
PLNT
$4.45B
| $75.6M | 0.08% |
1,306,037
+36,573
| +3% | +$2.58M |
|
|
INFO
143
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $75.4M | 0.08% |
1,127,786
-6,140
| -0.5% | -$401K |
|
144
Teladoc Health
TDOC
$1.66B
| $75.3M | 0.08% |
1,111,889
-60,246
| -5% | -$3.97M |
|
145
Zurn Elkay Water Solutions
ZWS
$8.6B
| $75M | 0.08% |
5,754,242
-567,294
| -9% | -$7.59M |
|
146
PepsiCo
PEP
$196B
| $74.5M | 0.08% |
543,403
+367,080
| +208% | +$48.8M |
|
147
Boston Scientific
BSX
$68.4B
| $73.8M | 0.08% |
1,813,123
-177,487
| -9% | -$7.52M |
|
148
Starwood Property Trust
STWD
$6.12B
| $73.2M | 0.08% |
3,024,131
-64,038
| -2% | -$1.51M |
|
149
Ametek
AME
$53.9B
| $73.1M | 0.08% |
796,564
-92,927
| -10% | -$8.2M |
|
150
Atmos Energy
ATO
$29.7B
| $73.1M | 0.08% |
641,901
| – | – |
|
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.