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 | |
|---|---|---|---|---|---|---|
|
MRSH
151
Marsh
MRSH
$91.4B
| $46.7M | 0.06% |
+540,248
| New | +$57.6M |
|
152
United Rentals
URI
$71.6B
| $45.9M | 0.06% |
446,194
+16,266
| +4% | +$2.16M |
|
153
Lam Research
LRCX
$398B
| $45.7M | 0.06% |
1,904,820
+352,290
| +23% | +$10.1M |
|
154
DTE Energy
DTE
$29.5B
| $45.1M | 0.05% |
557,588
-579,852
| -51% | -$58.8M |
|
155
Prologis
PLD
$130B
| $44.9M | 0.05% |
558,648
-954
| -0.2% | -$83.3K |
|
|
MRTX
156
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $44.8M | 0.05% |
582,919
-4,768
| -0.8% | -$428K |
|
157
TC Energy
TRP
$68.1B
| $44.6M | 0.05% |
1,000,210
+590,255
| +144% | +$29.9M |
|
158
Global Payments
GPN
$24.1B
| $43.9M | 0.05% |
304,496
-34,740
| -10% | -$6.35M |
|
159
CoStar Group
CSGP
$12.1B
| $43.5M | 0.05% |
740,260
+50,230
| +7% | +$3.27M |
|
160
JB Hunt Transport Services
JBHT
$25.8B
| $42.5M | 0.05% |
460,308
-45,808
| -9% | -$4.76M |
|
161
Cousins Properties
CUZ
$5.09B
| $42.3M | 0.05% |
1,444,889
+13,042
| +0.9% | +$483K |
|
|
BAND
162
Bandwidth Inc
BAND
$1.49B
| $42.3M | 0.05% |
628,249
+155,337
| +33% | +$10.6M |
|
163
Boston Properties
BXP
$11.3B
| $42.1M | 0.05% |
456,776
+2,462
| +0.5% | +$317K |
|
|
SILK
164
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $42.1M | 0.05% |
1,335,829
+109,966
| +9% | +$4.4M |
|
165
Tandem Diabetes Care
TNDM
$1.38B
| $41M | 0.05% |
637,137
+132,532
| +26% | +$9.29M |
|
166
SLM Corp
SLM
$5.24B
| $40.9M | 0.05% |
5,691,073
-2,738,543
| -32% | -$26.4M |
|
167
Vail Resorts
MTN
$5.33B
| $40.7M | 0.05% |
275,207
-142
| -0.1% | -$30.6K |
|
168
AES
AES
$10.5B
| $40.1M | 0.05% |
2,948,944
+104,460
| +4% | +$1.87M |
|
|
ACC
169
DELISTED
American Campus Communities, Inc.
ACC
| $39.7M | 0.05% |
1,429,433
-238,827
| -14% | -$9.98M |
|
170
Monolithic Power Systems
MPWR
$65.6B
| $39.6M | 0.05% |
236,578
-10,579
| -4% | -$1.81M |
|
171
Avient
AVNT
$3.5B
| $38.9M | 0.05% |
2,048,630
+444,408
| +28% | +$12.4M |
|
172
Ameris Bancorp
ABCB
$6B
| $38.2M | 0.05% |
1,606,702
+170,643
| +12% | +$6.08M |
|
173
Emerson Electric
EMR
$89B
| $38M | 0.05% |
798,457
-226,056
| -22% | -$14.9M |
|
|
IPHI
174
DELISTED
INPHI CORPORATION
IPHI
| $37.6M | 0.05% |
475,222
+49,697
| +12% | +$3.86M |
|
175
Fidelity National Information Services
FIS
$22.9B
| $37.4M | 0.05% |
307,662
-204,083
| -40% | -$28.3M |
|
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.