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 | |
|---|---|---|---|---|---|---|
176
IQVIA
IQV
$43.1B
| $67.7M | 0.07% |
470,618
+98,318
| +26% | +$13.1M |
|
177
Steven Madden
SHOO
$3.24B
| $66.5M | 0.07% |
1,964,390
-19,652
| -1% | -$643K |
|
178
Atmos Energy
ATO
$28.2B
| $66.1M | 0.07% |
641,901
-209,293
| -25% | -$20.4M |
|
179
Public Service Enterprise Group
PEG
$36.5B
| $65.8M | 0.07% |
1,107,621
+539,167
| +95% | +$30.1M |
|
180
Saia
SAIA
$9.37B
| $65.3M | 0.06% |
1,069,387
-13,675
| -1% | -$847K |
|
181
Dollar General
DG
$27.1B
| $65.1M | 0.06% |
545,736
-44,670
| -8% | -$5.2M |
|
182
Advance Auto Parts
AAP
$2.59B
| $65.1M | 0.06% |
381,651
-72,749
| -16% | -$11.7M |
|
183
Suncor Energy
SU
$76.5B
| $64.9M | 0.06% |
2,000,279
+4,295
| +0.2% | +$140K |
|
184
Linde
LIN
$226B
| $64.8M | 0.06% |
368,614
+10,604
| +3% | +$1.76M |
|
185
Johnson Controls International
JCI
$84.6B
| $64.4M | 0.06% |
1,742,303
+396,243
| +29% | +$13.6M |
|
|
GWPH
186
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $64.4M | 0.06% |
381,745
-133,536
| -26% | -$19.9M |
|
|
AERI
187
DELISTED
Aerie Pharmaceuticals
AERI
| $63.9M | 0.06% |
1,344,999
+161,538
| +14% | +$7.11M |
|
188
argenx
ARGX
$64B
| $63.7M | 0.06% |
509,868
+2,897
| +0.6% | +$341K |
|
189
Five Below
FIVE
$13.4B
| $63.4M | 0.06% |
510,569
-153,928
| -23% | -$18.6M |
|
|
FOE
190
DELISTED
Ferro Corporation
FOE
| $62.3M | 0.06% |
3,289,876
-306,380
| -9% | -$5.41M |
|
191
CoStar Group
CSGP
$13.1B
| $61.2M | 0.06% |
1,311,160
-121,300
| -8% | -$5.01M |
|
192
Centene
CNC
$32B
| $60.5M | 0.06% |
1,140,109
-3,166,081
| -74% | -$192M |
|
193
Wells Fargo
WFC
$262B
| $59.1M | 0.06% |
1,223,363
+4,088
| +0.3% | +$201K |
|
|
AAMI
194
Acadian Asset Management
AAMI
$3.4B
| $59M | 0.06% |
4,349,525
-24,052
| -0.5% | -$311K |
|
195
Caterpillar
CAT
$368B
| $59M | 0.06% |
435,172
+44,323
| +11% | +$5.89M |
|
196
Seacoast Banking Corp of Florida
SBCF
$3.33B
| $58.7M | 0.06% |
2,226,693
+129,399
| +6% | +$3.63M |
|
|
IMMU
197
DELISTED
Immunomedics Inc
IMMU
| $58.4M | 0.06% |
3,041,417
+570,016
| +23% | +$9.19M |
|
198
Fidelity National Information Services
FIS
$21.4B
| $58.3M | 0.06% |
515,347
-507,056
| -50% | -$54.1M |
|
|
HZNP
199
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $58.2M | 0.06% |
2,202,689
-17,878
| -0.8% | -$424K |
|
|
ACC
200
DELISTED
American Campus Communities, Inc.
ACC
| $57.8M | 0.06% |
1,215,065
-130,961
| -10% | -$5.89M |
|
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.