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 | |
|---|---|---|---|---|---|---|
151
Boston Scientific
BSX
$67.9B
| $76.8M | 0.08% |
2,001,814
+376
| +0% | +$14.4K |
|
152
Roper Technologies
ROP
$42.2B
| $76.7M | 0.08% |
224,256
-93,669
| -29% | -$28.4M |
|
153
Analog Devices
ADI
$175B
| $76.3M | 0.08% |
724,450
-57,820
| -7% | -$5.8M |
|
|
PRAH
154
DELISTED
PRA Health Sciences, Inc.
PRAH
| $76.2M | 0.08% |
690,992
-175,739
| -20% | -$18.4M |
|
155
Palo Alto Networks
PANW
$303B
| $74.5M | 0.07% |
1,840,080
-319,230
| -15% | -$11.8M |
|
|
INFO
156
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $74.2M | 0.07% |
1,364,178
+48,622
| +4% | +$2.54M |
|
157
Starwood Property Trust
STWD
$5.85B
| $73.7M | 0.07% |
3,299,497
-67,902
| -2% | -$1.48M |
|
158
BP
BP
$109B
| $73.7M | 0.07% |
1,713,608
-94,955
| -5% | -$3.89M |
|
159
Natera
NTRA
$47B
| $73.5M | 0.07% |
3,565,307
-141,566
| -4% | -$2.22M |
|
160
CBRE Group
CBRE
$43.7B
| $73.4M | 0.07% |
1,485,083
-120,497
| -8% | -$5.66M |
|
161
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.3B
| $72.4M | 0.07% |
800,000
+300,000
| +60% | +$25.5M |
|
162
PTC
PTC
$17.1B
| $72.2M | 0.07% |
783,463
-53,916
| -6% | -$4.77M |
|
163
Darling Ingredients
DAR
$10.1B
| $71.6M | 0.07% |
3,309,384
+166,986
| +5% | +$3.52M |
|
164
Nokia
NOK
$57.2B
| $71.2M | 0.07% |
+12,443,821
| New | +$76.1M |
|
165
Paycom
PAYC
$10.8B
| $70.9M | 0.07% |
374,645
-250,553
| -40% | -$40.7M |
|
166
Philip Morris
PM
$299B
| $70.6M | 0.07% |
798,743
+554,292
| +227% | +$44.6M |
|
167
Zoetis
ZTS
$32B
| $70.5M | 0.07% |
700,010
+307,833
| +78% | +$28M |
|
168
Trinity Industries
TRN
$2.33B
| $70.4M | 0.07% |
3,239,513
+988,636
| +44% | +$22.6M |
|
169
Enbridge
ENB
$110B
| $70.1M | 0.07% |
1,934,804
+135,180
| +8% | +$4.87M |
|
170
Labcorp
LH
$27.2B
| $68.7M | 0.07% |
522,859
-58
| -0% | -$7.14K |
|
171
Moelis & Co
MC
$5.07B
| $68.7M | 0.07% |
1,651,215
-338,341
| -17% | -$14.5M |
|
172
Procter & Gamble
PG
$334B
| $68.6M | 0.07% |
659,136
+171,744
| +35% | +$16.7M |
|
173
Duke Energy
DUK
$93.8B
| $68.5M | 0.07% |
761,195
-265,048
| -26% | -$23.4M |
|
174
Trade Desk
TTD
$6.38B
| $68.3M | 0.07% |
3,450,580
-281,160
| -8% | -$4.61M |
|
175
Wintrust Financial
WTFC
$10.3B
| $67.8M | 0.07% |
1,007,675
-107,246
| -10% | -$7.66M |
|
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.