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 |
ServiceNow
NOW
|
+$1B |
| 2 |
Advanced Micro Devices
AMD
|
+$969M |
| 3 |
Meta Platforms (Facebook)
META
|
+$960M |
| 4 |
MongoDB
MDB
|
+$579M |
| 5 |
Ulta Beauty
ULTA
|
+$497M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$1.26B |
| 2 |
T-Mobile US
TMUS
|
+$1.04B |
| 3 |
SLB Ltd
SLB
|
+$936M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$858M |
| 5 |
Atlassian
TEAM
|
+$781M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.75% |
| 2 | Consumer Discretionary | 19.8% |
| 3 | Healthcare | 13.64% |
| 4 | Financials | 8.74% |
| 5 | Communication Services | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Freshpet
FRPT
$2.93B
| $38.3M | 0.03% |
582,117
+1,309
| +0.2% | +$85.7K |
|
227
Hilton Worldwide
HLT
$72.1B
| $38.2M | 0.03% |
262,703
-36,057
| -12% | -$5.13M |
|
228
Wingstop
WING
$3.53B
| $38.2M | 0.03% |
190,983
+22,565
| +13% | +$4.41M |
|
229
Gartner
IT
$10.1B
| $38.1M | 0.03% |
108,686
+333
| +0.3% | +$108K |
|
|
ESMT
230
DELISTED
EngageSmart, Inc.
ESMT
| $38M | 0.03% |
1,988,772
+499,453
| +34% | +$8.88M |
|
231
Howard Hughes
HHH
$3.81B
| $38M | 0.03% |
504,485
+41,579
| +9% | +$3.01M |
|
232
ExxonMobil
XOM
$644B
| $37.9M | 0.03% |
353,432
+149,989
| +74% | +$16.4M |
|
233
Insulet
PODD
$11.5B
| $37.7M | 0.03% |
130,732
+11,391
| +10% | +$3.46M |
|
234
Amphenol
APH
$198B
| $37.4M | 0.03% |
879,676
-185,134
| -17% | -$7.19M |
|
235
Houlihan Lokey
HLI
$8.77B
| $36.8M | 0.03% |
374,227
-96,932
| -21% | -$8.77M |
|
236
Qiagen
QGEN
$8.54B
| $36.2M | 0.03% |
757,761
| – | – |
|
237
Core & Main
CNM
$8.23B
| $35.7M | 0.03% |
1,138,889
+2,947
| +0.3% | +$78.9K |
|
238
Public Service Enterprise Group
PEG
$38.2B
| $35.4M | 0.03% |
565,229
| – | – |
|
239
Centene
CNC
$30.7B
| $35.4M | 0.03% |
524,635
+33,467
| +7% | +$2.23M |
|
240
IQVIA
IQV
$38.7B
| $35.2M | 0.03% |
156,808
-11,240
| -7% | -$2.26M |
|
241
Enpro
NPO
$6.63B
| $34.8M | 0.03% |
260,784
+18,446
| +8% | +$1.96M |
|
242
ON Semiconductor
ON
$31.8B
| $34.6M | 0.03% |
366,282
-72,078
| -16% | -$5.96M |
|
|
MMP
243
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $34.4M | 0.03% |
551,942
+237,857
| +76% | +$13.9M |
|
244
Casella Waste Systems
CWST
$5.71B
| $34.3M | 0.03% |
378,992
+65,323
| +21% | +$5.83M |
|
245
Steris
STE
$22.3B
| $34.2M | 0.03% |
152,091
+51,316
| +51% | +$10.3M |
|
246
MaxLinear
MXL
$6.06B
| $33.8M | 0.03% |
1,070,992
-43,864
| -4% | -$1.27M |
|
|
BRDG
247
DELISTED
Bridge Investment Group
BRDG
| $33.7M | 0.03% |
2,968,063
+84,757
| +3% | +$863K |
|
248
Delta Air Lines
DAL
$57.5B
| $33.7M | 0.03% |
708,127
-11,580
| -2% | -$427K |
|
|
SGEN
249
DELISTED
Seagen Inc. Common Stock
SGEN
| $33.1M | 0.03% |
171,813
-10
| -0% | -$1.99K |
|
250
Take-Two Interactive
TTWO
$45.4B
| $33.1M | 0.03% |
224,621
+59,379
| +36% | +$7.76M |
|
Similar funds
Jennison Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Jennison Associates held 644 positions worth $122B, up 12% from $109B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q2 2023 filing shows 63 new, 244 increased, 244 reduced and 80 closed positions. Its largest new stake was ServiceNow: 10,029,285 shares worth $1.13B. The largest sale was Danaher, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q2 2023 buy was ServiceNow: 10,029,285 shares worth $1.13B.
- Jennison Associates added most to Advanced Micro Devices in Q2 2023, an estimated $969M increase.
- Jennison Associates's biggest Q2 2023 reduction was Danaher, cutting an estimated $1.26B.
- Jennison Associates fully exited Northrop Grumman in Q2 2023, selling an estimated $279M.
- Jennison Associates's ten largest holdings make up 42% of its $122B portfolio in Q2 2023.
- Jennison Associates opened 63 new positions and closed 80 in Q2 2023.
- Jennison Associates's portfolio value rose 12% quarter-over-quarter to $122B.
Based on Jennison Associates's 13F filing for Q2 2023, filed 3 Aug 2023.