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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
MakeMyTrip
MMYT
$5.76B
| $35.7M | 0.03% |
1,330,709
+61,408
| +5% | +$1.58M |
|
277
Lennar Class A
LEN
$21.2B
| $35.3M | 0.03% |
449,819
-100,136
| -18% | -$9.02M |
|
278
Western Midstream Partners
WES
$19.1B
| $35.1M | 0.03% |
1,390,469
+119,131
| +9% | +$2.94M |
|
|
KRTX
279
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $34.7M | 0.03% |
273,540
+93,290
| +52% | +$10.5M |
|
|
FOLD
280
DELISTED
Amicus Therapeutics
FOLD
| $33.8M | 0.02% |
3,568,514
-1,816,756
| -34% | -$17M |
|
281
Expedia Group
EXPE
$38.4B
| $33.5M | 0.02% |
+171,421
| New | +$32.1M |
|
282
Enviri
NVRI
$647M
| $33.5M | 0.02% |
2,738,454
+55,621
| +2% | +$817K |
|
283
Paycom
PAYC
$8.15B
| $33.4M | 0.02% |
96,518
+14,511
| +18% | +$4.87M |
|
284
Steris
STE
$22.7B
| $33.4M | 0.02% |
138,061
+123,589
| +854% | +$28.6M |
|
285
Cardlytics
CDLX
$23.8M
| $32.5M | 0.02% |
59,176
+2,184
| +4% | +$1.32M |
|
286
Five Below
FIVE
$12.4B
| $32.5M | 0.02% |
204,922
-182,748
| -47% | -$30.5M |
|
287
Clear Secure
YOU
$5.69B
| $32.4M | 0.02% |
1,203,911
+154,814
| +15% | +$3.84M |
|
288
BioNTech
BNTX
$23.3B
| $31.7M | 0.02% |
185,818
-2,940,921
| -94% | -$494M |
|
|
ROIC
289
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $31.5M | 0.02% |
1,626,608
+5,643
| +0.3% | +$105K |
|
|
CTLT
290
DELISTED
CATALENT, INC.
CTLT
| $31.5M | 0.02% |
284,302
-290,680
| -51% | -$30.3M |
|
291
Carvana
CVNA
$76.4B
| $31.5M | 0.02% |
1,318,775
-1,318,290
| -50% | -$38.4M |
|
292
Texas Roadhouse
TXRH
$13.7B
| $31.3M | 0.02% |
373,753
+102,332
| +38% | +$8.76M |
|
293
Phreesia
PHR
$710M
| $31.2M | 0.02% |
1,183,779
+70,865
| +6% | +$2.17M |
|
294
ExxonMobil
XOM
$628B
| $31.1M | 0.02% |
376,262
+188,157
| +100% | +$14.6M |
|
295
Definitive Healthcare
DH
$70.4M
| $30.8M | 0.02% |
1,249,221
+132,704
| +12% | +$3M |
|
296
Trane Technologies
TT
$106B
| $30.7M | 0.02% |
200,963
-34,479
| -15% | -$5.64M |
|
297
Etsy
ETSY
$8.15B
| $30.6M | 0.02% |
246,509
+30,531
| +14% | +$4.54M |
|
|
AESC
298
DELISTED
The AES Corporation
AESC
| $30.2M | 0.02% |
305,484
-4,480
| -1% | -$408K |
|
299
Armstrong World Industries
AWI
$7.86B
| $29.9M | 0.02% |
332,070
+93,873
| +39% | +$9.09M |
|
300
Lazard
LAZ
$4.26B
| $29.9M | 0.02% |
865,510
-314,991
| -27% | -$12.2M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.