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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
TotalEnergies
TTE
$189B
| $37.7M | 0.04% |
608,028
+9,763
| +2% | +$557K |
|
227
Prologis
PLD
$130B
| $37.5M | 0.04% |
332,817
-1,210
| -0.4% | -$134K |
|
|
RVNC
228
DELISTED
Revance Therapeutics, Inc.
RVNC
| $37.4M | 0.04% |
2,026,025
+953,790
| +89% | +$21.8M |
|
229
East-West Bancorp
EWBC
$18.3B
| $37.1M | 0.04% |
563,391
+112,535
| +25% | +$7.7M |
|
230
IQVIA
IQV
$37.6B
| $37M | 0.04% |
180,605
-4,829
| -3% | -$979K |
|
231
Western Midstream Partners
WES
$19.3B
| $36.5M | 0.04% |
1,359,773
| – | – |
|
232
Dominion Energy
D
$60.9B
| $36.3M | 0.04% |
592,492
-3,041,488
| -84% | -$191M |
|
233
Ametek
AME
$58.2B
| $36.3M | 0.04% |
259,824
-40,895
| -14% | -$5.42M |
|
234
Houlihan Lokey
HLI
$8.96B
| $35.9M | 0.04% |
412,387
-17,254
| -4% | -$1.55M |
|
|
EFOR
235
Everforth Inc
EFOR
$1.26B
| $35.8M | 0.04% |
439,929
-111,141
| -20% | -$9.75M |
|
|
SILK
236
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $35.7M | 0.04% |
676,123
-9,921
| -1% | -$483K |
|
|
SPR
237
DELISTED
Spirit AeroSystems
SPR
| $35.4M | 0.04% |
1,196,803
-85,298
| -7% | -$2.21M |
|
|
UMH
238
UMH Properties
UMH
$1.3B
| $35.3M | 0.04% |
2,193,246
+3,830
| +0.2% | +$64.4K |
|
239
Devon Energy
DVN
$50.8B
| $34.8M | 0.04% |
566,173
+23,147
| +4% | +$1.58M |
|
240
ExxonMobil
XOM
$638B
| $34.8M | 0.04% |
315,716
+130,439
| +70% | +$14M |
|
241
Delta Air Lines
DAL
$61B
| $34.6M | 0.04% |
1,054,214
+263,741
| +33% | +$8.74M |
|
242
Public Service Enterprise Group
PEG
$38B
| $34.6M | 0.04% |
565,229
| – | – |
|
|
BRDG
243
DELISTED
Bridge Investment Group
BRDG
| $34.3M | 0.03% |
2,849,019
+304,733
| +12% | +$4.38M |
|
244
Vistra
VST
$48.3B
| $34.2M | 0.03% |
1,474,536
| – | – |
|
245
iShares Russell 1000 Growth ETF
IWF
$127B
| $34M | 0.03% |
634,980
+407,452
| +179% | +$22.4M |
|
246
Clearway Energy Class C
CWEN
$4.94B
| $33.8M | 0.03% |
1,061,389
| – | – |
|
247
DuPont de Nemours
DD
$19.3B
| $33.8M | 0.03% |
392,110
-2,755
| -0.7% | -$220K |
|
248
JB Hunt Transport Services
JBHT
$25.8B
| $33.7M | 0.03% |
193,431
+7,818
| +4% | +$1.36M |
|
249
Pliant Therapeutics
PLRX
$65M
| $33.5M | 0.03% |
1,733,590
-7,387
| -0.4% | -$154K |
|
250
Etsy
ETSY
$8.2B
| $33.2M | 0.03% |
277,476
+34,454
| +14% | +$3.94M |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.