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 | |
|---|---|---|---|---|---|---|
201
Alliant Energy
LNT
$17.6B
| $57.8M | 0.06% |
1,226,261
| – | – |
|
|
CXP
202
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $57.2M | 0.06% |
2,542,685
-550,605
| -18% | -$11.9M |
|
203
Humana
HUM
$46.3B
| $56.7M | 0.06% |
213,034
-84,204
| -28% | -$24.3M |
|
|
AMTD
204
DELISTED
TD Ameritrade Holding Corp
AMTD
| $56.6M | 0.06% |
1,132,378
-141,502
| -11% | -$7.67M |
|
205
Kinder Morgan
KMI
$70.3B
| $56.5M | 0.06% |
2,822,979
-84,302
| -3% | -$1.57M |
|
206
Ingersoll Rand
IR
$30.5B
| $56.4M | 0.06% |
2,028,459
-38,926
| -2% | -$979K |
|
207
SAP
SAP
$256B
| $56.3M | 0.06% |
+487,277
| New | +$51.9M |
|
208
Elevance Health
ELV
$85.5B
| $54.9M | 0.05% |
191,161
+28
| +0% | +$8.1K |
|
209
American Water Works
AWK
$27.5B
| $54.6M | 0.05% |
523,236
| – | – |
|
210
Hilton Worldwide
HLT
$72.4B
| $53.8M | 0.05% |
647,768
-257,534
| -28% | -$20.2M |
|
211
IMAX
IMAX
$2.76B
| $53.6M | 0.05% |
2,361,201
-40,960
| -2% | -$875K |
|
212
Cheniere Energy
CQP
$33.4B
| $53.3M | 0.05% |
1,270,919
+12,203
| +1% | +$503K |
|
213
DexCom
DXCM
$34.3B
| $53.3M | 0.05% |
1,789,352
+51,564
| +3% | +$1.81M |
|
214
Guardant Health
GH
$21.7B
| $52.6M | 0.05% |
685,437
-157,883
| -19% | -$8.75M |
|
|
BOLD
215
DELISTED
Audentes Therapeutics, Inc
BOLD
| $52.6M | 0.05% |
1,346,970
+322,279
| +31% | +$9.24M |
|
|
HT
216
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $52.5M | 0.05% |
3,062,184
-337,151
| -10% | -$6.08M |
|
217
Guidewire Software
GWRE
$17.1B
| $52.3M | 0.05% |
538,070
-42,061
| -7% | -$3.76M |
|
218
Xcel Energy
XEL
$47.8B
| $52.3M | 0.05% |
929,809
| – | – |
|
219
Brighthouse Financial
BHF
$3.05B
| $51.8M | 0.05% |
1,427,848
-15,993
| -1% | -$599K |
|
220
Universal Display
OLED
$3.81B
| $51.6M | 0.05% |
337,464
-229,680
| -40% | -$28.4M |
|
221
Korn Ferry
KFY
$4.43B
| $51.6M | 0.05% |
1,151,465
-15,043
| -1% | -$688K |
|
222
SLB Ltd
SLB
$85.1B
| $51.1M | 0.05% |
1,173,196
-52,538
| -4% | -$2.27M |
|
223
Lam Research
LRCX
$378B
| $50.5M | 0.05% |
2,819,890
+525,780
| +23% | +$8.77M |
|
224
Pebblebrook Hotel Trust
PEB
$2.09B
| $50.5M | 0.05% |
1,624,337
-45,409
| -3% | -$1.43M |
|
225
Moody's
MCO
$89.2B
| $50.1M | 0.05% |
276,436
-48,405
| -15% | -$7.95M |
|
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.