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 | |
|---|---|---|---|---|---|---|
251
Equinix
EQIX
$104B
| $31.6M | 0.03% |
43,527
+38,220
| +720% | +$29.6M |
|
|
GLDD
252
DELISTED
Great Lakes Dredge & Dock
GLDD
| $31.3M | 0.03% |
3,932,495
+681,179
| +21% | +$5.65M |
|
253
IQVIA
IQV
$39B
| $31.2M | 0.03% |
158,499
+1,691
| +1% | +$367K |
|
254
DuPont de Nemours
DD
$19.8B
| $30.7M | 0.03% |
327,972
+5,268
| +2% | +$495K |
|
255
Grid Dynamics Holdings
GDYN
$615M
| $30.4M | 0.03% |
2,494,793
-40,917
| -2% | -$454K |
|
256
CAVA Group
CAVA
$7.79B
| $30M | 0.03% |
979,864
+314,924
| +47% | +$13.7M |
|
257
Chefs' Warehouse
CHEF
$4.51B
| $29.6M | 0.03% |
1,399,498
+10,036
| +0.7% | +$307K |
|
258
Baxter International
BAX
$14.3B
| $29.3M | 0.02% |
777,527
+137,395
| +21% | +$5.85M |
|
259
ExxonMobil
XOM
$630B
| $29.2M | 0.02% |
248,478
-104,954
| -30% | -$11.5M |
|
260
Ametek
AME
$58.6B
| $29.2M | 0.02% |
197,676
-6,146
| -3% | -$960K |
|
261
Xcel Energy
XEL
$48.3B
| $29.1M | 0.02% |
509,386
-566,792
| -53% | -$34.1M |
|
262
American Express
AXP
$235B
| $28.9M | 0.02% |
193,450
-1,926,012
| -91% | -$315M |
|
263
ON Semiconductor
ON
$30.4B
| $28.5M | 0.02% |
306,405
-59,877
| -16% | -$5.82M |
|
|
BRDG
264
DELISTED
Bridge Investment Group
BRDG
| $28.4M | 0.02% |
3,083,410
+115,347
| +4% | +$1.27M |
|
265
Casella Waste Systems
CWST
$5.71B
| $28.4M | 0.02% |
371,702
-7,290
| -2% | -$598K |
|
266
Public Service Enterprise Group
PEG
$37.5B
| $28.3M | 0.02% |
497,844
-67,385
| -12% | -$4.14M |
|
|
SNCY
267
DELISTED
Sun Country Airlines
SNCY
| $27.9M | 0.02% |
1,881,126
-13,591
| -0.7% | -$240K |
|
268
Caterpillar
CAT
$410B
| $27.8M | 0.02% |
101,845
+4,241
| +4% | +$1.15M |
|
269
Amphenol
APH
$215B
| $27.7M | 0.02% |
660,404
-219,272
| -25% | -$9.43M |
|
270
Oneok
OKE
$54.7B
| $27.7M | 0.02% |
+436,900
| New | +$28.5M |
|
|
ESMT
271
DELISTED
EngageSmart, Inc.
ESMT
| $27.6M | 0.02% |
1,533,771
-455,001
| -23% | -$8.11M |
|
272
Prestige Consumer Healthcare
PBH
$2.49B
| $27.3M | 0.02% |
477,821
+13,871
| +3% | +$838K |
|
|
NARI
273
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $26.8M | 0.02% |
410,090
-110,606
| -21% | -$6.96M |
|
274
Etsy
ETSY
$8.07B
| $26.3M | 0.02% |
407,357
-219,945
| -35% | -$17.3M |
|
275
Cameco
CCJ
$41B
| $26.2M | 0.02% |
661,018
+32,059
| +5% | +$1.13M |
|
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.