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 | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $5.27B | 5.23% |
59,214,940
+3,022,420
| +5% | +$252M |
|
2
Microsoft
MSFT
$3.81T
| $3.73B | 3.7% |
31,642,072
-3,087,380
| -9% | -$337M |
|
3
Mastercard
MA
$521B
| $3.48B | 3.45% |
14,763,905
+3,360
| +0% | +$723K |
|
4
Netflix
NFLX
$340B
| $3.17B | 3.14% |
88,825,130
-7,163,750
| -7% | -$248M |
|
5
Salesforce
CRM
$211B
| $3.15B | 3.13% |
19,902,070
+230,376
| +1% | +$35.7M |
|
6
Boeing
BA
$166B
| $2.82B | 2.79% |
7,381,374
-435,905
| -6% | -$168M |
|
7
Visa
V
$712B
| $2.71B | 2.69% |
17,331,513
+30,139
| +0.2% | +$4.34M |
|
8
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.53B | 2.51% |
43,030,760
+2,876,560
| +7% | +$162M |
|
9
Alibaba
BABA
$296B
| $2.5B | 2.48% |
13,721,970
-1,797,610
| -12% | -$302M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.19T
| $2.37B | 2.35% |
40,410,460
+2,987,820
| +8% | +$168M |
|
11
Meta Platforms (Facebook)
META
$1.47T
| $2.37B | 2.35% |
14,215,118
-481,038
| -3% | -$76.5M |
|
12
Adobe
ADBE
$116B
| $2.29B | 2.27% |
8,601,739
-499,398
| -5% | -$126M |
|
13
Apple
AAPL
$4.67T
| $2.26B | 2.24% |
47,537,080
-9,330,496
| -16% | -$396M |
|
14
Illumina
ILMN
$32.6B
| $1.76B | 1.75% |
5,838,709
+205,717
| +4% | +$60M |
|
15
AstraZeneca
AZN
$252B
| $1.76B | 1.74% |
21,731,071
-1,167,323
| -5% | -$92M |
|
16
Nike
NKE
$58.7B
| $1.74B | 1.73% |
20,700,453
+2,881,738
| +16% | +$238M |
|
17
Workday
WDAY
$49.3B
| $1.68B | 1.67% |
8,716,482
+552,280
| +7% | +$100M |
|
18
Costco
COST
$419B
| $1.56B | 1.55% |
6,454,748
+2,508
| +0% | +$549K |
|
|
19
PayPal
PYPL
$45.9B
| $1.56B | 1.55% |
15,022,937
+4,502,709
| +43% | +$426M |
|
|
20
Intuitive Surgical
ISRG
$132B
| $1.53B | 1.52% |
8,038,182
+2,189,130
| +37% | +$389M |
|
21
Tesla
TSLA
$1.38T
| $1.44B | 1.43% |
76,994,535
-2,840,835
| -4% | -$57M |
|
22
NVIDIA
NVDA
$5.25T
| $1.41B | 1.4% |
314,302,000
+30,120,040
| +11% | +$117M |
|
|
ALXN
23
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.38B | 1.37% |
10,241,457
+1,512,545
| +17% | +$188M |
|
24
Vertex Pharmaceuticals
VRTX
$137B
| $1.25B | 1.24% |
6,800,436
-141,185
| -2% | -$26.1M |
|
25
Estee Lauder
EL
$37.4B
| $1.23B | 1.22% |
7,412,572
+435,327
| +6% | +$63.9M |
|
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.