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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Burlington
BURL
$23.2B
| $45.2M | 0.03% |
248,041
+34,506
| +16% | +$7.56M |
|
227
Full Truck Alliance
YMM
$9.91B
| $44.9M | 0.03% |
6,737,592
+5,416,413
| +410% | +$43.8M |
|
228
Rush Enterprises Class A
RUSHA
$6.36B
| $44.5M | 0.03% |
1,309,959
+33,704
| +3% | +$1.18M |
|
229
Ralph Lauren
RL
$22.7B
| $44.4M | 0.03% |
391,037
+13,311
| +4% | +$1.57M |
|
230
Apollo Global Management
APO
$74.8B
| $44.3M | 0.03% |
714,005
-346,055
| -33% | -$22.8M |
|
231
e.l.f. Beauty
ELF
$5.09B
| $43.9M | 0.03% |
1,700,489
+410,754
| +32% | +$11.2M |
|
232
Devon Energy
DVN
$48.5B
| $43.9M | 0.03% |
742,819
-428,382
| -37% | -$23.2M |
|
233
Enerpac Tool Group
EPAC
$1.89B
| $43.7M | 0.03% |
1,994,195
+70,199
| +4% | +$1.33M |
|
234
Chord Energy
CHRD
$7.32B
| $43.7M | 0.03% |
+298,368
| New | +$41.3M |
|
235
Sprout Social
SPT
$519M
| $43.6M | 0.03% |
544,809
+278,939
| +105% | +$19.1M |
|
236
Sempra
SRE
$55.3B
| $43.2M | 0.03% |
513,838
| – | – |
|
237
Patterson-UTI
PTEN
$3.62B
| $43M | 0.03% |
2,776,669
+2,314,628
| +501% | +$29.2M |
|
238
PagerDuty
PD
$865M
| $42.9M | 0.03% |
1,255,333
+44,442
| +4% | +$1.43M |
|
|
SPR
239
DELISTED
Spirit AeroSystems
SPR
| $42.2M | 0.03% |
863,719
+193,315
| +29% | +$9.04M |
|
|
TXNM
240
TXNM Energy Inc
TXNM
$5.91B
| $42.2M | 0.03% |
885,239
+216,914
| +32% | +$9.87M |
|
|
AXNX
241
DELISTED
Axonics, Inc. Common Stock
AXNX
| $42.2M | 0.03% |
673,518
+340,405
| +102% | +$18.3M |
|
|
BRDG
242
DELISTED
Bridge Investment Group
BRDG
| $41.9M | 0.03% |
2,059,396
+37,884
| +2% | +$793K |
|
243
Edison International
EIX
$26.3B
| $41.6M | 0.03% |
593,833
| – | – |
|
|
SNCY
244
DELISTED
Sun Country Airlines
SNCY
| $41.1M | 0.03% |
1,571,802
+48,718
| +3% | +$1.27M |
|
245
FIVE9
FIVN
$2.27B
| $41.1M | 0.03% |
372,302
+37,884
| +11% | +$4.41M |
|
246
First Bancorp
FBNC
$2.68B
| $40.9M | 0.03% |
978,396
+26,790
| +3% | +$1.2M |
|
247
Freshpet
FRPT
$3.51B
| $40.7M | 0.03% |
396,757
+22,739
| +6% | +$2.14M |
|
248
Marvell Technology
MRVL
$189B
| $40.7M | 0.03% |
567,051
-2,738
| -0.5% | -$197K |
|
249
DT Midstream
DTM
$13.6B
| $40.4M | 0.03% |
744,630
-1,024,127
| -58% | -$53.4M |
|
250
XPeng
XPEV
$11.2B
| $40.4M | 0.03% |
+1,463,051
| New | +$51.9M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.