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 |
Advanced Micro Devices
AMD
|
+$1.32B |
| 2 |
AstraZeneca
AZN
|
+$733M |
| 3 |
Microsoft
MSFT
|
+$728M |
| 4 |
Cadence Design Systems
CDNS
|
+$720M |
| 5 |
Moody's
MCO
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alcon
ALC
|
+$1.43B |
| 2 |
Estee Lauder
EL
|
+$872M |
| 3 |
Eli Lilly
LLY
|
+$626M |
| 4 |
Netflix
NFLX
|
+$521M |
| 5 |
UnitedHealth
UNH
|
+$466M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.19% |
| 2 | Consumer Discretionary | 19.62% |
| 3 | Healthcare | 16.16% |
| 4 | Financials | 9.12% |
| 5 | Communication Services | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Tractor Supply
TSCO
$17.5B
| $37.1M | 0.03% |
790,245
+182,325
| +30% | +$8.3M |
|
227
OGE Energy
OGE
$9.71B
| $37M | 0.03% |
982,521
| – | – |
|
228
Qiagen
QGEN
$8.65B
| $36.9M | 0.03% |
757,761
+787
| +0.1% | +$40K |
|
|
SNCY
229
DELISTED
Sun Country Airlines
SNCY
| $36.9M | 0.03% |
1,799,944
+28,802
| +2% | +$561K |
|
|
FL
230
DELISTED
Foot Locker
FL
| $36.5M | 0.03% |
919,166
+468,564
| +104% | +$19.6M |
|
|
NARI
231
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $36.3M | 0.03% |
588,269
+79,279
| +16% | +$4.76M |
|
232
ON Semiconductor
ON
$29.9B
| $36.1M | 0.03% |
438,360
+183,888
| +72% | +$14M |
|
233
Kanzhun
BZ
$7.23B
| $36.1M | 0.03% |
1,896,123
-2,499
| -0.1% | -$54.5K |
|
234
Eastern Bankshares
EBC
$5.31B
| $35.9M | 0.03% |
2,846,805
+92,840
| +3% | +$1.43M |
|
235
Pinterest
PINS
$13.1B
| $35.5M | 0.03% |
1,303,411
+553,146
| +74% | +$14.3M |
|
236
Enerpac Tool Group
EPAC
$1.89B
| $35.3M | 0.03% |
1,386,113
+180,173
| +15% | +$4.75M |
|
237
Howard Hughes
HHH
$3.92B
| $35.3M | 0.03% |
462,906
-59,958
| -11% | -$4.67M |
|
238
Public Service Enterprise Group
PEG
$37.6B
| $35.3M | 0.03% |
565,229
| – | – |
|
239
Gartner
IT
$12.5B
| $35.3M | 0.03% |
108,353
-23,234
| -18% | -$7.68M |
|
|
OLK
240
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $35.2M | 0.03% |
1,560,435
+550,141
| +54% | +$12M |
|
|
SILK
241
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $35.1M | 0.03% |
896,956
+220,833
| +33% | +$10.8M |
|
|
SGEN
242
DELISTED
Seagen Inc. Common Stock
SGEN
| $34.8M | 0.03% |
171,823
-146,687
| -46% | -$23.5M |
|
243
Boyd Gaming
BYD
$6.13B
| $34.6M | 0.03% |
540,052
+120,301
| +29% | +$7.45M |
|
244
Martin Marietta Materials
MLM
$33.2B
| $34.6M | 0.03% |
97,417
+294
| +0.3% | +$103K |
|
|
B
245
Barrick Mining
B
$68.8B
| $34.2M | 0.03% |
1,839,885
+165,077
| +10% | +$2.97M |
|
246
Marvell Technology
MRVL
$189B
| $34.1M | 0.03% |
787,409
+88,133
| +13% | +$3.71M |
|
247
Datadog
DDOG
$101B
| $34.1M | 0.03% |
469,100
+150,281
| +47% | +$11M |
|
248
Eversource Energy
ES
$27.3B
| $34M | 0.03% |
433,962
-464,063
| -52% | -$36.7M |
|
249
Pacira BioSciences
PCRX
$979M
| $33.7M | 0.03% |
825,837
-9,468
| -1% | -$377K |
|
250
Hilltop Holdings
HTH
$2.28B
| $33.7M | 0.03% |
1,134,186
+327,605
| +41% | +$10.3M |
|
Similar funds
Jennison Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Jennison Associates held 644 positions worth $109B, up 10% from $98.7B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Jennison Associates withdrew a net $3.94B in Q1 2023, closing 63 positions and reducing 280 holdings. Its most notable exit was Alcon, an estimated $1.43B position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Advanced Micro Devices worth $1.59B.
- Jennison Associates's largest Q1 2023 buy was Advanced Micro Devices: 16,272,765 shares worth $1.59B.
- Jennison Associates added most to AstraZeneca in Q1 2023, an estimated $733M increase.
- Jennison Associates's biggest Q1 2023 reduction was Estee Lauder, cutting an estimated $872M.
- Jennison Associates fully exited Alcon in Q1 2023, selling an estimated $1.43B.
- Jennison Associates's ten largest holdings make up 39% of its $109B portfolio in Q1 2023.
- Jennison Associates opened 73 new positions and closed 63 in Q1 2023.
- Jennison Associates's portfolio value rose 10% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2023, filed 26 Apr 2023.