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 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Tower Semiconductor
TSEM
$27.1B
| $36.3M | 0.03% |
1,476,670
-550,030
| -27% | -$17.6M |
|
227
Take-Two Interactive
TTWO
$45.8B
| $36.2M | 0.03% |
258,017
+33,396
| +15% | +$4.81M |
|
228
Alexandria Real Estate Equities
ARE
$9.24B
| $36.1M | 0.03% |
360,695
-109,089
| -23% | -$12.7M |
|
229
Apollo Global Management
APO
$74.6B
| $36M | 0.03% |
400,593
-117,438
| -23% | -$9.87M |
|
230
First Interstate BancSystem
FIBK
$3.75B
| $35.6M | 0.03% |
1,426,641
+688,906
| +93% | +$18M |
|
231
CBRE Group
CBRE
$43B
| $35.6M | 0.03% |
481,340
+3,950
| +0.8% | +$328K |
|
232
TechnipFMC
FTI
$27.1B
| $35.5M | 0.03% |
1,745,769
-172,384
| -9% | -$3.25M |
|
|
INN
233
Summit Hotel Properties
INN
$749M
| $35.5M | 0.03% |
6,121,447
-982,990
| -14% | -$5.87M |
|
234
Houlihan Lokey
HLI
$8.77B
| $35.3M | 0.03% |
329,229
-44,998
| -12% | -$4.64M |
|
235
Cogent Communications
CCOI
$663M
| $35M | 0.03% |
565,388
+173,796
| +44% | +$11.4M |
|
236
Howard Hughes
HHH
$3.89B
| $34.3M | 0.03% |
485,391
-19,094
| -4% | -$1.44M |
|
237
Valero Energy
VLO
$88.5B
| $34.2M | 0.03% |
241,543
+54,362
| +29% | +$7.12M |
|
238
Syndax Pharmaceuticals
SNDX
$1.69B
| $34.1M | 0.03% |
2,347,673
-174,243
| -7% | -$3.3M |
|
239
Align Technology
ALGN
$12.4B
| $34.1M | 0.03% |
+111,637
| New | +$38.6M |
|
240
Gartner
IT
$10.1B
| $34M | 0.03% |
98,901
-9,785
| -9% | -$3.41M |
|
|
ROIC
241
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $33.8M | 0.03% |
2,728,611
-280,395
| -9% | -$3.87M |
|
242
Digital Realty Trust
DLR
$70.8B
| $33.8M | 0.03% |
278,989
+251,880
| +929% | +$30.9M |
|
243
Boyd Gaming
BYD
$6.16B
| $33.7M | 0.03% |
554,804
+100,219
| +22% | +$6.67M |
|
|
ENLC
244
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $33.5M | 0.03% |
2,742,677
+51,447
| +2% | +$613K |
|
245
MACOM Technology Solutions
MTSI
$19.5B
| $33M | 0.03% |
405,066
-3,904
| -1% | -$289K |
|
|
BRKL
246
DELISTED
Brookline Bancorp
BRKL
| $33M | 0.03% |
3,623,321
+2,411,481
| +199% | +$23.3M |
|
247
Martin Marietta Materials
MLM
$33.4B
| $33M | 0.03% |
80,308
-17,886
| -18% | -$7.91M |
|
248
JB Hunt Transport Services
JBHT
$25.1B
| $32.6M | 0.03% |
172,928
-8,924
| -5% | -$1.71M |
|
249
Energy Recovery
ERII
$470M
| $32.3M | 0.03% |
1,521,895
+8,512
| +0.6% | +$227K |
|
250
Hilltop Holdings
HTH
$2.28B
| $32M | 0.03% |
1,129,608
-162,282
| -13% | -$4.9M |
|
Similar funds
Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.