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 | |
|---|---|---|---|---|---|---|
251
Arista Networks
ANET
$240B
| $33.2M | 0.03% |
1,094,844
-475,908
| -30% | -$14.6M |
|
252
Shell
SHEL
$249B
| $33.2M | 0.03% |
583,174
+47,836
| +9% | +$2.64M |
|
253
Alliant Energy
LNT
$18.5B
| $33.2M | 0.03% |
601,333
-6,228
| -1% | -$333K |
|
254
Valero Energy
VLO
$88.9B
| $33.2M | 0.03% |
261,600
-63,793
| -20% | -$8.01M |
|
255
MakeMyTrip
MMYT
$5.81B
| $33M | 0.03% |
1,196,315
-91,946
| -7% | -$2.65M |
|
256
Martin Marietta Materials
MLM
$32.6B
| $32.8M | 0.03% |
97,123
+7,714
| +9% | +$2.63M |
|
257
Lamb Weston
LW
$7.29B
| $32.8M | 0.03% |
367,064
+147,205
| +67% | +$12.5M |
|
|
NARI
258
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $32.4M | 0.03% |
508,990
+102,953
| +25% | +$7.47M |
|
259
Shopify
SHOP
$160B
| $32.3M | 0.03% |
930,733
+11,575
| +1% | +$395K |
|
260
Pacira BioSciences
PCRX
$1.06B
| $32.3M | 0.03% |
835,305
+38,254
| +5% | +$1.86M |
|
261
Lennar Class A
LEN
$20.5B
| $32.1M | 0.03% |
366,056
+41,726
| +13% | +$3.38M |
|
|
HOLX
262
DELISTED
Hologic
HOLX
| $31.7M | 0.03% |
423,243
-8,462
| -2% | -$603K |
|
263
Texas Roadhouse
TXRH
$13.8B
| $31.7M | 0.03% |
348,006
-36,332
| -9% | -$3.49M |
|
264
AT&T
T
$160B
| $31.2M | 0.03% |
1,697,087
+111,363
| +7% | +$1.99M |
|
265
Enbridge
ENB
$117B
| $31.2M | 0.03% |
797,847
-292,836
| -27% | -$11.5M |
|
|
AESC
266
DELISTED
The AES Corporation
AESC
| $31.2M | 0.03% |
305,484
| – | – |
|
267
Enerpac Tool Group
EPAC
$1.85B
| $30.7M | 0.03% |
1,205,940
+127,032
| +12% | +$3.06M |
|
268
Oneok
OKE
$55.6B
| $30.2M | 0.03% |
460,052
+268,830
| +141% | +$16.5M |
|
269
Grid Dynamics Holdings
GDYN
$553M
| $30M | 0.03% |
2,677,256
+250,307
| +10% | +$3.25M |
|
|
WBA
270
DELISTED
Walgreens Boots Alliance
WBA
| $29.5M | 0.03% |
+790,511
| New | +$29.7M |
|
271
Starwood Property Trust
STWD
$5.92B
| $29.4M | 0.03% |
1,604,161
+290,993
| +22% | +$5.8M |
|
272
Hershey
HSY
$35.7B
| $29.4M | 0.03% |
126,841
+17,419
| +16% | +$4.02M |
|
273
Avient
AVNT
$3.43B
| $29M | 0.03% |
857,885
-456,199
| -35% | -$15M |
|
274
MaxLinear
MXL
$6.6B
| $28.9M | 0.03% |
852,520
+83,288
| +11% | +$2.82M |
|
275
Insulet
PODD
$11.8B
| $28.8M | 0.03% |
97,786
+17,024
| +21% | +$4.7M |
|
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.