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 | |
|---|---|---|---|---|---|---|
151
Cisco
CSCO
$443B
| $72.4M | 0.08% |
1,465,055
-1,619,804
| -53% | -$84.2M |
|
152
Ulta Beauty
ULTA
$21.8B
| $71.2M | 0.08% |
283,965
-16,980
| -6% | -$5.21M |
|
153
Gaming and Leisure Properties
GLPI
$13B
| $69.7M | 0.07% |
1,823,308
-119,837
| -6% | -$4.6M |
|
|
HZNP
154
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $69.4M | 0.07% |
2,547,037
+176,419
| +7% | +$4.56M |
|
155
Steven Madden
SHOO
$3.17B
| $69.2M | 0.07% |
1,932,149
+20,467
| +1% | +$676K |
|
156
Cigna
CI
$78.4B
| $69.1M | 0.07% |
455,528
+89,874
| +25% | +$14.6M |
|
157
Public Service Enterprise Group
PEG
$38.7B
| $68.8M | 0.07% |
1,107,621
| – | – |
|
158
Global Payments
GPN
$24.1B
| $68.1M | 0.07% |
428,269
-27,776
| -6% | -$4.53M |
|
159
Roper Technologies
ROP
$40.4B
| $67.4M | 0.07% |
189,018
-10,074
| -5% | -$3.66M |
|
|
CYBR
160
DELISTED
CyberArk
CYBR
| $67.3M | 0.07% |
674,252
-92,731
| -12% | -$11.2M |
|
161
Quanta Services
PWR
$84.2B
| $66.6M | 0.07% |
1,762,274
-281,524
| -14% | -$10.2M |
|
162
CBRE Group
CBRE
$43.3B
| $66.1M | 0.07% |
1,247,385
-121,483
| -9% | -$6.39M |
|
163
SLB Ltd
SLB
$72.7B
| $65.9M | 0.07% |
1,927,553
+759,138
| +65% | +$27.7M |
|
164
UnitedHealth
UNH
$382B
| $65.3M | 0.07% |
300,603
-974,045
| -76% | -$235M |
|
165
American Water Works
AWK
$27B
| $65M | 0.07% |
523,236
| – | – |
|
166
Kinder Morgan
KMI
$70.9B
| $64.8M | 0.07% |
3,141,972
+50,193
| +2% | +$1.03M |
|
167
Lam Research
LRCX
$316B
| $64.7M | 0.07% |
2,801,630
+1,051,260
| +60% | +$22.1M |
|
168
Teleflex
TFX
$5.96B
| $63.6M | 0.07% |
187,132
-32,780
| -15% | -$11.4M |
|
169
Enbridge
ENB
$120B
| $60.9M | 0.06% |
1,733,895
-217,322
| -11% | -$7.52M |
|
170
Xcel Energy
XEL
$49.2B
| $60.3M | 0.06% |
929,809
| – | – |
|
171
Humana
HUM
$43.9B
| $59.7M | 0.06% |
233,603
+21,238
| +10% | +$5.95M |
|
172
Guidewire Software
GWRE
$13.9B
| $59.6M | 0.06% |
565,830
-2,664
| -0.5% | -$269K |
|
|
ACC
173
DELISTED
American Campus Communities, Inc.
ACC
| $59M | 0.06% |
1,226,881
+31,958
| +3% | +$1.51M |
|
174
Dollar General
DG
$28.4B
| $58.2M | 0.06% |
366,370
-91,478
| -20% | -$13.2M |
|
|
NVO
175
Novo Nordisk
NVO
$228B
| $58M | 0.06% |
2,242,886
-217,086
| -9% | -$5.49M |
|
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.