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 |
Eli Lilly
LLY
|
+$780M |
| 2 |
Uber
UBER
|
+$708M |
| 3 |
Goldman Sachs
GS
|
+$569M |
| 4 |
Microsoft
MSFT
|
+$430M |
| 5 |
Netflix
NFLX
|
+$415M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$973M |
| 2 |
Intuitive Surgical
ISRG
|
+$872M |
| 3 |
Nike
NKE
|
+$844M |
| 4 |
Edwards Lifesciences
EW
|
+$805M |
| 5 |
Corpay
CPAY
|
+$701M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.66% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Healthcare | 13.04% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 10.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Johnson Controls International
JCI
$93.1B
| $57.2M | 0.07% |
2,122,479
-46,115
| -2% | -$1.72M |
|
127
CDW
CDW
$17.9B
| $57.2M | 0.07% |
612,828
-117,673
| -16% | -$14.4M |
|
128
Enbridge
ENB
$113B
| $57.1M | 0.07% |
1,957,595
-364,723
| -16% | -$13.5M |
|
129
McDonald's
MCD
$195B
| $56.7M | 0.07% |
342,876
-92,901
| -21% | -$18.3M |
|
|
APLS
130
DELISTED
Apellis Pharmaceuticals
APLS
| $56M | 0.07% |
2,089,517
+984,486
| +89% | +$35M |
|
131
IQVIA
IQV
$38.9B
| $55.3M | 0.07% |
512,785
-179,149
| -26% | -$25.6M |
|
132
Crown Castle
CCI
$32.3B
| $55.3M | 0.07% |
382,808
-137,148
| -26% | -$20.5M |
|
133
Williams Companies
WMB
$87.8B
| $55.2M | 0.07% |
3,904,171
-3,560,455
| -48% | -$68.9M |
|
|
CYBR
134
DELISTED
CyberArk
CYBR
| $54.4M | 0.07% |
635,389
-72,450
| -10% | -$8.35M |
|
|
CTLT
135
DELISTED
CATALENT, INC.
CTLT
| $54.3M | 0.07% |
1,044,885
+181,378
| +21% | +$9.9M |
|
136
Darling Ingredients
DAR
$9.19B
| $53.9M | 0.07% |
2,811,787
+304,688
| +12% | +$7.73M |
|
137
Burlington
BURL
$23.2B
| $53.6M | 0.07% |
338,322
+33,698
| +11% | +$7.09M |
|
138
argenx
ARGX
$54.3B
| $53.6M | 0.07% |
406,718
+131,737
| +48% | +$19.3M |
|
139
Zurn Elkay Water Solutions
ZWS
$8.75B
| $52.2M | 0.06% |
4,784,233
-852,202
| -15% | -$12.4M |
|
|
XYZ
140
Block Inc
XYZ
$50.1B
| $52.1M | 0.06% |
993,787
-4,877,359
| -83% | -$334M |
|
141
Xcel Energy
XEL
$48.2B
| $52M | 0.06% |
861,984
+12,476
| +1% | +$813K |
|
142
Merck
MRK
$317B
| $51.8M | 0.06% |
704,976
-6,182
| -0.9% | -$486K |
|
143
Bankunited
BKU
$3.43B
| $50.2M | 0.06% |
2,685,902
+36,072
| +1% | +$1.08M |
|
|
MINI
144
DELISTED
Mobile Mini Inc
MINI
| $49.9M | 0.06% |
1,903,918
-532,784
| -22% | -$19.4M |
|
145
Five Below
FIVE
$12.4B
| $49.6M | 0.06% |
704,856
-1,335
| -0.2% | -$136K |
|
146
Performance Food Group
PFGC
$17.6B
| $49M | 0.06% |
1,980,231
-50,974
| -3% | -$2.19M |
|
147
Atmos Energy
ATO
$28.7B
| $48.9M | 0.06% |
493,257
+17,472
| +4% | +$1.92M |
|
148
Dollar General
DG
$28B
| $48.3M | 0.06% |
319,623
+75,202
| +31% | +$11.6M |
|
149
Duke Energy
DUK
$96.2B
| $48M | 0.06% |
593,011
+209,822
| +55% | +$19.3M |
|
|
FOLD
150
DELISTED
Amicus Therapeutics
FOLD
| $47.2M | 0.06% |
5,108,110
-2,104,111
| -29% | -$20M |
|
Similar funds
Jennison Associates's Q1 2020 Portfolio in Review
As of Q1 2020, Jennison Associates held 749 positions worth $82.3B, down 17% from $99.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates withdrew a net $4.86B in Q1 2020, closing 131 positions and reducing 247 holdings. Its most notable exit was Parker-Hannifin, an estimated $116M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 27% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Atlassian worth $350M.
- Jennison Associates's largest Q1 2020 buy was Atlassian: 2,552,272 shares worth $350M.
- Jennison Associates added most to Eli Lilly in Q1 2020, an estimated $780M increase.
- Jennison Associates's biggest Q1 2020 reduction was Walt Disney, cutting an estimated $973M.
- Jennison Associates fully exited Parker-Hannifin in Q1 2020, selling an estimated $116M.
- Jennison Associates's ten largest holdings make up 40% of its $82.3B portfolio in Q1 2020.
- Jennison Associates opened 131 new positions and closed 131 in Q1 2020.
- Jennison Associates's portfolio value fell 17% quarter-over-quarter to $82.3B.
Based on Jennison Associates's 13F filing for Q1 2020, filed 6 May 2020.