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 | |
|---|---|---|---|---|---|---|
251
Shell
SHEL
$243B
| $33.5M | 0.03% |
582,810
-364
| -0.1% | -$21.4K |
|
252
IQVIA
IQV
$38.9B
| $33.4M | 0.03% |
168,048
-12,557
| -7% | -$2.68M |
|
253
Lennar Class A
LEN
$21.2B
| $33.3M | 0.03% |
327,124
-38,932
| -11% | -$3.76M |
|
254
FirstEnergy
FE
$27.7B
| $32.9M | 0.03% |
822,071
-896,278
| -52% | -$36.2M |
|
|
BRDG
255
DELISTED
Bridge Investment Group
BRDG
| $32.7M | 0.03% |
2,883,306
+34,287
| +1% | +$463K |
|
256
Pliant Therapeutics
PLRX
$65M
| $32.6M | 0.03% |
1,227,412
-506,178
| -29% | -$14.4M |
|
257
Alliant Energy
LNT
$18.2B
| $32.1M | 0.03% |
601,333
| – | – |
|
258
Oneok
OKE
$55B
| $32.1M | 0.03% |
504,928
+44,876
| +10% | +$2.98M |
|
259
JB Hunt Transport Services
JBHT
$25.6B
| $31.9M | 0.03% |
181,956
-11,475
| -6% | -$2.09M |
|
260
Full Truck Alliance
YMM
$9.91B
| $31.4M | 0.03% |
4,132,085
-1,077,013
| -21% | -$8.53M |
|
261
Avient
AVNT
$3.48B
| $31.2M | 0.03% |
758,253
-99,632
| -12% | -$3.97M |
|
262
Western Midstream Partners
WES
$19.1B
| $31.2M | 0.03% |
1,182,293
-177,480
| -13% | -$4.77M |
|
263
Centene
CNC
$33.1B
| $31M | 0.03% |
491,168
-804,301
| -62% | -$57.1M |
|
264
Wingstop
WING
$3.37B
| $30.9M | 0.03% |
168,418
+5,764
| +4% | +$946K |
|
265
Energy Recovery
ERII
$457M
| $30.9M | 0.03% |
1,340,469
+88,551
| +7% | +$1.94M |
|
266
Grid Dynamics Holdings
GDYN
$600M
| $30.8M | 0.03% |
2,690,632
+13,376
| +0.5% | +$157K |
|
267
Bankunited
BKU
$3.43B
| $30.1M | 0.03% |
1,332,836
-176,644
| -12% | -$5.75M |
|
|
AMK
268
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $30M | 0.03% |
954,810
+17,336
| +2% | +$486K |
|
269
DuPont de Nemours
DD
$19.9B
| $29.9M | 0.03% |
332,165
-59,945
| -15% | -$5.47M |
|
|
EXAS
270
DELISTED
Exact Sciences
EXAS
| $29.8M | 0.03% |
+438,934
| New | +$28.2M |
|
271
Utz Brands
UTZ
$2.03B
| $29.8M | 0.03% |
1,806,503
+98,622
| +6% | +$1.63M |
|
|
RCM
272
DELISTED
R1 RCM Inc. Common Stock
RCM
| $29.4M | 0.03% |
+1,961,940
| New | +$26.8M |
|
273
MakeMyTrip
MMYT
$5.76B
| $29.4M | 0.03% |
1,202,620
+6,305
| +0.5% | +$168K |
|
274
Enbridge
ENB
$113B
| $29.4M | 0.03% |
771,671
-26,176
| -3% | -$1.03M |
|
275
Ametek
AME
$58.4B
| $29.4M | 0.03% |
202,384
-57,440
| -22% | -$8.16M |
|
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.