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 | |
|---|---|---|---|---|---|---|
251
Ametek
AME
$55.4B
| $33M | 0.03% |
203,822
+1,438
| +0.7% | +$210K |
|
252
JB Hunt Transport Services
JBHT
$25.5B
| $32.9M | 0.03% |
181,852
-104
| -0.1% | -$18.1K |
|
253
TechnipFMC
FTI
$28.1B
| $31.9M | 0.03% |
1,918,153
+138,476
| +8% | +$1.95M |
|
254
American Electric Power
AEP
$69.6B
| $31.6M | 0.03% |
375,707
-764,047
| -67% | -$67.5M |
|
255
Boyd Gaming
BYD
$6.18B
| $31.5M | 0.03% |
454,585
-85,467
| -16% | -$5.74M |
|
256
Quanta Services
PWR
$100B
| $31.4M | 0.03% |
160,005
-116,614
| -42% | -$20.4M |
|
257
Regal Rexnord
RRX
$13.7B
| $31.3M | 0.03% |
203,698
+69,674
| +52% | +$9.49M |
|
258
Envista
NVST
$4.44B
| $31.1M | 0.03% |
918,105
-1,088,868
| -54% | -$38.4M |
|
|
259
Danaher
DHR
$137B
| $31.1M | 0.03% |
145,970
-5,971,943
| -98% | -$1.26B |
|
260
Hershey
HSY
$35.2B
| $30.9M | 0.03% |
123,632
+56,824
| +85% | +$14.9M |
|
261
Bankunited
BKU
$3.37B
| $30.6M | 0.03% |
1,419,227
+86,391
| +6% | +$1.78M |
|
262
MakeMyTrip
MMYT
$5.36B
| $30.3M | 0.02% |
1,123,638
-78,982
| -7% | -$2.03M |
|
|
NARI
263
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $30.3M | 0.02% |
520,696
-67,573
| -11% | -$4.26M |
|
264
Inspire Medical Systems
INSP
$1.45B
| $30M | 0.02% |
92,418
-76,729
| -45% | -$21.9M |
|
|
OLK
265
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $29.9M | 0.02% |
1,592,074
+31,639
| +2% | +$655K |
|
266
Utz Brands
UTZ
$1.25B
| $29.6M | 0.02% |
1,809,450
+2,947
| +0.2% | +$50.6K |
|
267
Enphase Energy
ENPH
$4.96B
| $29.4M | 0.02% |
175,355
-135,983
| -44% | -$24.3M |
|
|
VRNA
268
DELISTED
Verona Pharma
VRNA
| $29.4M | 0.02% |
1,388,663
+359,665
| +35% | +$7.67M |
|
269
Patterson-UTI
PTEN
$3.98B
| $29.2M | 0.02% |
2,436,977
-1,295,103
| -35% | -$14.6M |
|
270
Baxter International
BAX
$13.5B
| $29.2M | 0.02% |
+640,132
| New | +$27.9M |
|
271
B2Gold
BTG
$5B
| $29.1M | 0.02% |
8,150,652
+1,264,935
| +18% | +$4.95M |
|
272
DuPont de Nemours
DD
$18.5B
| $28.9M | 0.02% |
322,704
-9,461
| -3% | -$814K |
|
273
ACV Auctions
ACVA
$1.31B
| $28.9M | 0.02% |
1,674,360
+11,967
| +0.7% | +$183K |
|
|
ENLC
274
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $28.5M | 0.02% |
2,691,230
-4,661,398
| -63% | -$46.5M |
|
|
B
275
Barrick Mining
B
$61.5B
| $28.3M | 0.02% |
1,673,016
-166,869
| -9% | -$3.04M |
|
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.