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 | 27.36% |
| 2 | Consumer Discretionary | 17.94% |
| 3 | Healthcare | 14.26% |
| 4 | Communication Services | 12.28% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Johnson Controls International
JCI
$85.1B
| $88.3M | 0.09% |
2,168,594
+159,775
| +8% | +$6.74M |
|
127
SLB Ltd
SLB
$72.7B
| $87.7M | 0.09% |
2,181,751
+254,198
| +13% | +$9.08M |
|
128
McDonald's
MCD
$193B
| $86.1M | 0.09% |
435,777
-124,929
| -22% | -$24.8M |
|
129
Natera
NTRA
$36.4B
| $85.3M | 0.09% |
2,532,355
-554,472
| -18% | -$20.4M |
|
130
NiSource
NI
$21.5B
| $85M | 0.09% |
3,053,541
-663,566
| -18% | -$18.2M |
|
131
Ross Stores
ROST
$80.8B
| $84.8M | 0.09% |
728,720
-445,394
| -38% | -$50.1M |
|
132
Pfizer
PFE
$143B
| $83.3M | 0.08% |
2,240,167
-961,570
| -30% | -$34.3M |
|
|
CYBR
133
DELISTED
CyberArk
CYBR
| $82.5M | 0.08% |
707,839
+33,587
| +5% | +$3.77M |
|
134
Quanta Services
PWR
$84.2B
| $81.1M | 0.08% |
1,993,248
+230,974
| +13% | +$9.42M |
|
135
Cigna
CI
$78.4B
| $80.8M | 0.08% |
395,327
-60,201
| -13% | -$11M |
|
|
HRC
136
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $80.4M | 0.08% |
707,855
-138,321
| -16% | -$14.6M |
|
|
MFA
137
MFA Financial
MFA
$932M
| $80.3M | 0.08% |
2,624,744
-733,924
| -22% | -$22.4M |
|
138
Steven Madden
SHOO
$3.17B
| $78.7M | 0.08% |
1,829,725
-102,424
| -5% | -$4.14M |
|
|
ACC
139
DELISTED
American Campus Communities, Inc.
ACC
| $78.5M | 0.08% |
1,668,260
+441,379
| +36% | +$21.1M |
|
140
Emerson Electric
EMR
$81.6B
| $78.1M | 0.08% |
1,024,513
-245,960
| -19% | -$17.7M |
|
141
Humana
HUM
$43.9B
| $75.8M | 0.08% |
206,701
-26,902
| -12% | -$8.53M |
|
|
MRTX
142
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $75.7M | 0.08% |
587,687
-132,714
| -18% | -$12.8M |
|
143
SLM Corp
SLM
$4.83B
| $75.1M | 0.08% |
8,429,616
-485,108
| -5% | -$4.22M |
|
144
Exelon
EXC
$48.1B
| $74.3M | 0.07% |
2,283,653
-5,020,426
| -69% | -$163M |
|
145
Crown Castle
CCI
$34.6B
| $73.9M | 0.07% |
519,956
-2,233,139
| -81% | -$305M |
|
146
Conagra Brands
CAG
$7.42B
| $73.6M | 0.07% |
2,150,623
+528,780
| +33% | +$15.3M |
|
147
Teladoc Health
TDOC
$1.66B
| $73.5M | 0.07% |
877,498
-234,391
| -21% | -$17.8M |
|
148
United Rentals
URI
$65.7B
| $71.7M | 0.07% |
429,928
+42,429
| +11% | +$6.16M |
|
149
Gaming and Leisure Properties
GLPI
$13B
| $71.5M | 0.07% |
1,659,792
-163,516
| -9% | -$6.71M |
|
150
Fidelity National Information Services
FIS
$24.2B
| $71.2M | 0.07% |
511,745
-187,555
| -27% | -$25.2M |
|
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 $6.18B 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 27% 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.