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 | |
|---|---|---|---|---|---|---|
176
L3Harris
LHX
$53.7B
| $36.6M | 0.04% |
203,044
+30,186
| +17% | +$6.19M |
|
177
Gaming and Leisure Properties
GLPI
$12.4B
| $36.5M | 0.04% |
1,316,561
-343,231
| -21% | -$14.1M |
|
178
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$826B
| $36.1M | 0.04% |
+140,000
| New | +$42.7M |
|
179
Kinder Morgan
KMI
$69.2B
| $35.9M | 0.04% |
2,580,597
-423,988
| -14% | -$8.07M |
|
180
Teleflex
TFX
$6.25B
| $35.8M | 0.04% |
122,298
-57,827
| -32% | -$20.2M |
|
181
Crown Holdings
CCK
$13.2B
| $35.2M | 0.04% |
+607,059
| New | +$42.3M |
|
|
GLDD
182
DELISTED
Great Lakes Dredge & Dock
GLDD
| $34.7M | 0.04% |
4,186,030
+135,240
| +3% | +$1.35M |
|
183
Assembly Biosciences
ASMB
$527M
| $34.7M | 0.04% |
195,069
-474
| -0.2% | -$102K |
|
184
Eversource Energy
ES
$27.1B
| $34.2M | 0.04% |
437,341
+15,492
| +4% | +$1.36M |
|
185
Ametek
AME
$58.7B
| $34.2M | 0.04% |
474,728
-125,312
| -21% | -$11.3M |
|
186
Pfizer
PFE
$145B
| $34.1M | 0.04% |
1,101,965
-1,138,202
| -51% | -$38.8M |
|
|
INFO
187
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $34.1M | 0.04% |
568,248
-94,695
| -14% | -$6.82M |
|
188
Moelis & Co
MC
$5.13B
| $33.3M | 0.04% |
1,185,242
+36,698
| +3% | +$1.2M |
|
189
Neurocrine Biosciences
NBIX
$16.8B
| $33.1M | 0.04% |
382,160
+134,632
| +54% | +$13.2M |
|
190
Take-Two Interactive
TTWO
$44.8B
| $32.9M | 0.04% |
276,988
-41,820
| -13% | -$4.94M |
|
191
Sea Limited
SE
$69.5B
| $32.3M | 0.04% |
729,927
+39,292
| +6% | +$1.76M |
|
|
ALXN
192
DELISTED
Alexion Pharmaceuticals
ALXN
| $32.3M | 0.04% |
359,718
-1,503,312
| -81% | -$148M |
|
193
Korn Ferry
KFY
$4.19B
| $32.3M | 0.04% |
1,326,066
+41,418
| +3% | +$1.53M |
|
194
Pembina Pipeline
PBA
$27.9B
| $31.8M | 0.04% |
1,690,046
-701,758
| -29% | -$23.1M |
|
195
Elevance Health
ELV
$82.9B
| $31.3M | 0.04% |
137,926
+1,198
| +0.9% | +$326K |
|
196
Azenta
AZTA
$1.36B
| $31.1M | 0.04% |
1,019,944
+184,179
| +22% | +$6.7M |
|
197
Planet Fitness
PLNT
$4.45B
| $30.9M | 0.04% |
634,368
-309,944
| -33% | -$21.6M |
|
198
Emergent Biosolutions
EBS
$396M
| $30.8M | 0.04% |
531,734
-110,313
| -17% | -$6.36M |
|
199
Cooper Companies
COO
$14.6B
| $30.7M | 0.04% |
445,560
+195,208
| +78% | +$15.9M |
|
200
CBRE Group
CBRE
$43.8B
| $30.1M | 0.04% |
799,126
-163,800
| -17% | -$9.05M |
|
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.