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 | |
|---|---|---|---|---|---|---|
|
FOLD
176
DELISTED
Amicus Therapeutics
FOLD
| $57.8M | 0.06% |
7,203,132
-660,878
| -8% | -$7.17M |
|
177
CoStar Group
CSGP
$12.2B
| $57.4M | 0.06% |
967,890
-135,340
| -12% | -$8.1M |
|
178
Centene
CNC
$30.5B
| $56.4M | 0.06% |
1,304,834
-237,970
| -15% | -$11.6M |
|
|
MRTX
179
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $56.1M | 0.06% |
720,401
-246,930
| -26% | -$23.2M |
|
180
Vistra
VST
$48.2B
| $55.9M | 0.06% |
2,090,617
-1,683,004
| -45% | -$40M |
|
|
INXN
181
DELISTED
Interxion Holding N.V.
INXN
| $55.4M | 0.06% |
679,807
-362,119
| -35% | -$28.2M |
|
182
Hilton Worldwide
HLT
$72.4B
| $55.2M | 0.06% |
592,810
-3,197
| -0.5% | -$303K |
|
183
Analog Devices
ADI
$172B
| $54.7M | 0.06% |
489,909
-118,277
| -19% | -$13.4M |
|
184
Vail Resorts
MTN
$5.7B
| $54.5M | 0.06% |
239,700
-24,707
| -9% | -$5.83M |
|
185
BP
BP
$112B
| $53.9M | 0.06% |
1,419,540
-155,629
| -10% | -$5.94M |
|
186
Suncor Energy
SU
$77.7B
| $53.9M | 0.06% |
1,707,530
-122,408
| -7% | -$3.68M |
|
187
Darling Ingredients
DAR
$9.32B
| $53.3M | 0.06% |
2,785,918
+186
| +0% | +$3.63K |
|
188
Church & Dwight Co
CHD
$23.7B
| $53.3M | 0.06% |
708,187
+231,158
| +48% | +$17.5M |
|
|
TGE
189
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $53.2M | 0.06% |
2,643,932
-553,623
| -17% | -$10.7M |
|
190
Etsy
ETSY
$8.12B
| $51.5M | 0.05% |
911,569
-41,692
| -4% | -$2.45M |
|
191
AT&T
T
$164B
| $51.3M | 0.05% |
1,795,110
+897,855
| +100% | +$23.8M |
|
192
Agnico Eagle Mines
AEM
$72.2B
| $50.7M | 0.05% |
946,165
-70,171
| -7% | -$3.97M |
|
193
Bright Horizons
BFAM
$4.35B
| $50.5M | 0.05% |
330,925
-1,790
| -0.5% | -$280K |
|
194
Conagra Brands
CAG
$7.42B
| $49.8M | 0.05% |
1,621,843
-1,232
| -0.1% | -$35.5K |
|
195
United Rentals
URI
$65.7B
| $48.3M | 0.05% |
+387,499
| New | +$47M |
|
196
Cintas
CTAS
$86.6B
| $47.7M | 0.05% |
712,176
-127,528
| -15% | -$8.16M |
|
197
Wintrust Financial
WTFC
$10.7B
| $46.4M | 0.05% |
718,689
-258,241
| -26% | -$17.1M |
|
|
B
198
Barrick Mining
B
$60.9B
| $46.2M | 0.05% |
2,667,731
-844,718
| -24% | -$14.9M |
|
199
Moelis & Co
MC
$4.85B
| $45.8M | 0.05% |
1,394,498
-97,564
| -7% | -$3.31M |
|
200
Vulcan Materials
VMC
$36.8B
| $44.4M | 0.05% |
293,580
-1,584
| -0.5% | -$224K |
|
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.