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 | 30.71% |
| 2 | Consumer Discretionary | 19.04% |
| 3 | Healthcare | 13.22% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 10.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $5.34B | 6.49% |
54,801,480
+2,589,760
| +5% | +$251M |
|
|
2
Microsoft
MSFT
$3.81T
| $5.03B | 6.11% |
31,908,974
+2,613,514
| +9% | +$430M |
|
3
Apple
AAPL
$4.67T
| $3.66B | 4.44% |
57,543,188
+1,383,212
| +2% | +$102M |
|
|
4
Netflix
NFLX
$340B
| $3.36B | 4.08% |
89,504,930
+11,741,640
| +15% | +$415M |
|
5
Mastercard
MA
$521B
| $2.94B | 3.57% |
12,176,250
-242,341
| -2% | -$72.1M |
|
6
Alibaba
BABA
$296B
| $2.82B | 3.43% |
14,525,328
-645,924
| -4% | -$135M |
|
7
Salesforce
CRM
$211B
| $2.74B | 3.33% |
19,060,846
-245,807
| -1% | -$42.1M |
|
8
Adobe
ADBE
$116B
| $2.38B | 2.89% |
7,486,574
+98,908
| +1% | +$33.8M |
|
9
NVIDIA
NVDA
$5.25T
| $2.31B | 2.8% |
350,270,240
+20,205,000
| +6% | +$127M |
|
10
Visa
V
$712B
| $2.28B | 2.77% |
14,172,620
-58,732
| -0.4% | -$11.1M |
|
11
Tesla
TSLA
$1.38T
| $2.26B | 2.75% |
64,809,450
+6,131,160
| +10% | +$254M |
|
12
Meta Platforms (Facebook)
META
$1.47T
| $2.12B | 2.57% |
12,696,966
-179,762
| -1% | -$35.2M |
|
13
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.88B | 2.29% |
32,432,140
-5,404,580
| -14% | -$366M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.19T
| $1.84B | 2.23% |
31,639,060
-4,231,860
| -12% | -$287M |
|
15
AstraZeneca
AZN
$252B
| $1.73B | 2.11% |
19,401,062
+1,074,083
| +6% | +$101M |
|
16
lululemon athletica
LULU
$13.7B
| $1.46B | 1.78% |
7,719,010
-335,834
| -4% | -$75.1M |
|
17
Costco
COST
$419B
| $1.42B | 1.73% |
4,989,750
-80,711
| -2% | -$24.5M |
|
|
18
Eli Lilly
LLY
$1.05T
| $1.41B | 1.72% |
10,192,052
+5,679,574
| +126% | +$780M |
|
19
Shopify
SHOP
$197B
| $1.23B | 1.5% |
29,586,960
-2,520,660
| -8% | -$114M |
|
20
Estee Lauder
EL
$37.4B
| $1.19B | 1.45% |
7,476,319
+1,419,618
| +23% | +$274M |
|
|
21
Nike
NKE
$58.7B
| $1.16B | 1.41% |
14,063,725
-9,070,532
| -39% | -$844M |
|
22
Vertex Pharmaceuticals
VRTX
$137B
| $1.04B | 1.26% |
4,361,755
+790,506
| +22% | +$181M |
|
23
Home Depot
HD
$329B
| $990M | 1.2% |
5,304,289
+1,138,587
| +27% | +$250M |
|
|
24
Uber
UBER
$161B
| $870M | 1.06% |
31,174,193
+21,507,161
| +222% | +$708M |
|
25
Workday
WDAY
$49.3B
| $850M | 1.03% |
6,523,739
+1,062,497
| +19% | +$179M |
|
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 $4.89B 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 28% 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.