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 | |
|---|---|---|---|---|---|---|
201
Verisk Analytics
VRSK
$27.9B
| $44.1M | 0.05% |
279,099
-1,510
| -0.5% | -$234K |
|
202
Integra LifeSciences
IART
$1.28B
| $44M | 0.05% |
732,684
-90,502
| -11% | -$5.39M |
|
203
Cactus
WHD
$3.63B
| $43.8M | 0.05% |
1,514,279
+210,237
| +16% | +$6.07M |
|
204
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $43.1M | 0.05% |
1,702,757
-463,251
| -21% | -$11.6M |
|
205
Avient
AVNT
$3.29B
| $43.1M | 0.05% |
1,319,374
+174,954
| +15% | +$5.55M |
|
206
Enterprise Products Partners
EPD
$83.7B
| $43.1M | 0.05% |
1,506,472
+34,641
| +2% | +$1.01M |
|
|
BECN
207
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $42.6M | 0.05% |
1,270,020
-1,321,568
| -51% | -$44.7M |
|
208
IDEX
IEX
$17B
| $42.4M | 0.04% |
258,424
+52,311
| +25% | +$8.68M |
|
209
Eversource Energy
ES
$28.1B
| $42.2M | 0.04% |
494,079
+24,003
| +5% | +$1.91M |
|
210
Nokia
NOK
$46.9B
| $42.2M | 0.04% |
8,339,206
-3,251,115
| -28% | -$16.8M |
|
|
TRHC
211
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $42M | 0.04% |
765,070
-153,823
| -17% | -$8.8M |
|
212
Monolithic Power Systems
MPWR
$61.4B
| $41.6M | 0.04% |
267,103
-5,322
| -2% | -$796K |
|
213
Pebblebrook Hotel Trust
PEB
$2.18B
| $41.5M | 0.04% |
1,492,300
-82,885
| -5% | -$2.27M |
|
|
COUP
214
DELISTED
Coupa Software Incorporated
COUP
| $41.5M | 0.04% |
320,102
+128,862
| +67% | +$17.8M |
|
215
Take-Two Interactive
TTWO
$46.1B
| $41.2M | 0.04% |
328,703
-1,759
| -0.5% | -$219K |
|
|
AMTD
216
DELISTED
TD Ameritrade Holding Corp
AMTD
| $41M | 0.04% |
878,152
-164,542
| -16% | -$7.88M |
|
|
GLDD
217
DELISTED
Great Lakes Dredge & Dock
GLDD
| $40.3M | 0.04% |
3,857,196
-81,196
| -2% | -$858K |
|
218
Bristol-Myers Squibb
BMY
$129B
| $39.8M | 0.04% |
784,662
-122,998
| -14% | -$5.78M |
|
219
Palo Alto Networks
PANW
$256B
| $39.7M | 0.04% |
1,168,956
-393,438
| -25% | -$13.9M |
|
|
QTS
220
DELISTED
QTS REALTY TRUST, INC.
QTS
| $39.7M | 0.04% |
771,460
-32,295
| -4% | -$1.54M |
|
|
AAMI
221
Acadian Asset Management
AAMI
$2.88B
| $39.5M | 0.04% |
3,986,397
-175,487
| -4% | -$1.78M |
|
222
Energy Transfer Partners
ET
$69.5B
| $39.4M | 0.04% |
3,008,775
+68,517
| +2% | +$955K |
|
|
CTLT
223
DELISTED
CATALENT, INC.
CTLT
| $39.3M | 0.04% |
824,072
-184,119
| -18% | -$9.89M |
|
224
Lamb Weston
LW
$7.42B
| $39.3M | 0.04% |
539,930
-2,696
| -0.5% | -$185K |
|
225
Ameris Bancorp
ABCB
$5.89B
| $38.9M | 0.04% |
966,882
-546
| -0.1% | -$20.6K |
|
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.