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 | 25.26% |
| 2 | Consumer Discretionary | 17.14% |
| 3 | Healthcare | 14.11% |
| 4 | Financials | 12.21% |
| 5 | Communication Services | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $4.75B | 5.01% |
54,670,480
-536,980
| -1% | -$49.8M |
|
|
2
Microsoft
MSFT
$3.81T
| $3.94B | 4.16% |
28,330,200
-3,174,677
| -10% | -$437M |
|
3
Mastercard
MA
$521B
| $3.64B | 3.84% |
13,388,726
-466,618
| -3% | -$129M |
|
4
Salesforce
CRM
$211B
| $3.12B | 3.29% |
21,012,562
-562,900
| -3% | -$85.5M |
|
|
5
Apple
AAPL
$4.67T
| $2.88B | 3.04% |
51,427,612
+8,312,632
| +19% | +$435M |
|
6
Meta Platforms (Facebook)
META
$1.47T
| $2.79B | 2.94% |
15,647,472
-325,800
| -2% | -$61.9M |
|
7
Visa
V
$712B
| $2.68B | 2.83% |
15,551,784
-572,035
| -4% | -$102M |
|
8
Boeing
BA
$166B
| $2.43B | 2.57% |
6,391,411
-1,496
| -0% | -$535K |
|
9
Alibaba
BABA
$296B
| $2.35B | 2.48% |
14,041,300
+255,807
| +2% | +$44M |
|
10
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.24B | 2.36% |
36,606,820
-1,765,520
| -5% | -$105M |
|
11
Netflix
NFLX
$340B
| $2.23B | 2.35% |
83,221,680
+1,501,860
| +2% | +$47M |
|
12
Nike
NKE
$58.7B
| $2.18B | 2.3% |
23,215,186
-295,145
| -1% | -$25.3M |
|
|
13
Alphabet (Google) Class C
GOOG
$4.19T
| $2.16B | 2.28% |
35,431,280
-1,846,100
| -5% | -$109M |
|
14
Adobe
ADBE
$116B
| $2.04B | 2.16% |
7,387,630
-729,206
| -9% | -$213M |
|
15
lululemon athletica
LULU
$13.7B
| $1.78B | 1.88% |
9,240,325
+414,829
| +5% | +$77.5M |
|
16
Costco
COST
$419B
| $1.63B | 1.72% |
5,665,352
-406,205
| -7% | -$114M |
|
17
AstraZeneca
AZN
$252B
| $1.6B | 1.69% |
17,992,343
+1,048,300
| +6% | +$90.9M |
|
18
NVIDIA
NVDA
$5.25T
| $1.53B | 1.62% |
352,157,920
+4,555,600
| +1% | +$19.2M |
|
|
19
Illumina
ILMN
$32.6B
| $1.47B | 1.55% |
4,972,337
-1,171,216
| -19% | -$345M |
|
20
Estee Lauder
EL
$37.4B
| $1.39B | 1.47% |
6,972,675
-295,150
| -4% | -$56.4M |
|
21
Intuitive Surgical
ISRG
$132B
| $1.36B | 1.43% |
7,543,899
-262,272
| -3% | -$45.4M |
|
22
Edwards Lifesciences
EW
$52B
| $1.34B | 1.42% |
18,336,762
+219,744
| +1% | +$15.4M |
|
23
Workday
WDAY
$50.6B
| $1.29B | 1.36% |
7,587,700
-1,064,669
| -12% | -$206M |
|
|
24
Walt Disney
DIS
$187B
| $1.13B | 1.2% |
8,704,547
+1,540,539
| +22% | +$213M |
|
25
Corpay
CPAY
$26.8B
| $1.13B | 1.2% |
3,954,389
+107,235
| +3% | +$31.2M |
|
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 $4.4B 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, down 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.