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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Arcutis Biotherapeutics
ARQT
$3.26B
| $26.6M | 0.03% |
1,389,616
+954,597
| +219% | +$21.6M |
|
277
Ero Copper
ERO
$3.02B
| $26.4M | 0.03% |
2,389,353
+13,102
| +0.6% | +$128K |
|
278
Amphenol
APH
$211B
| $26.2M | 0.03% |
781,568
-73,292
| -9% | -$2.66M |
|
279
EQT Corp
EQT
$33B
| $26.1M | 0.03% |
640,239
-50,719
| -7% | -$2.2M |
|
280
Enterprise Products Partners
EPD
$82.5B
| $25.9M | 0.03% |
1,090,266
+145,863
| +15% | +$3.76M |
|
281
Regal Rexnord
RRX
$14.6B
| $25.9M | 0.03% |
184,369
+41,000
| +29% | +$5.51M |
|
282
Kanzhun
BZ
$7.35B
| $25.6M | 0.03% |
1,515,922
-434,125
| -22% | -$9.8M |
|
283
Definitive Healthcare
DH
$73.9M
| $25.1M | 0.03% |
1,617,266
+1,295,173
| +402% | +$28.5M |
|
284
MaxLinear
MXL
$6.6B
| $25.1M | 0.03% |
769,232
+133,862
| +21% | +$4.95M |
|
285
DuPont de Nemours
DD
$19.3B
| $25M | 0.02% |
394,865
+1,059
| +0.3% | +$75.6K |
|
286
James River Group Holdings
JRVR
$213M
| $24.9M | 0.02% |
1,092,412
+429,730
| +65% | +$10.3M |
|
287
IBM
IBM
$222B
| $24.9M | 0.02% |
209,479
+80,455
| +62% | +$10.6M |
|
288
Shopify
SHOP
$160B
| $24.8M | 0.02% |
919,158
-2,941,906
| -76% | -$100M |
|
289
Energy Recovery
ERII
$470M
| $24.7M | 0.02% |
1,135,333
+160,724
| +16% | +$3.62M |
|
290
Etsy
ETSY
$8.2B
| $24.3M | 0.02% |
243,022
+54,300
| +29% | +$5.54M |
|
291
AT&T
T
$160B
| $24.3M | 0.02% |
1,585,724
+81,166
| +5% | +$1.48M |
|
|
SNCY
292
DELISTED
Sun Country Airlines
SNCY
| $24.1M | 0.02% |
1,772,744
+155,326
| +10% | +$2.91M |
|
293
Hershey
HSY
$36B
| $24.1M | 0.02% |
109,422
-20,881
| -16% | -$4.68M |
|
|
TIXT
294
DELISTED
TELUS International
TIXT
| $24.1M | 0.02% |
921,887
+214,919
| +30% | +$6.14M |
|
295
Starwood Property Trust
STWD
$6.03B
| $23.9M | 0.02% |
1,313,168
+437,115
| +50% | +$9.9M |
|
296
PagerDuty
PD
$871M
| $23.9M | 0.02% |
1,034,542
+26,175
| +3% | +$676K |
|
|
PXD
297
DELISTED
Pioneer Natural Resource Co.
PXD
| $23.5M | 0.02% |
108,630
-35,616
| -25% | -$8.14M |
|
298
Lazard
LAZ
$4.26B
| $23.5M | 0.02% |
737,458
-159,398
| -18% | -$5.73M |
|
299
Wingstop
WING
$3.31B
| $23.5M | 0.02% |
187,090
-25,278
| -12% | -$3.02M |
|
300
Lennar Class A
LEN
$21B
| $23.4M | 0.02% |
324,330
-104,636
| -24% | -$8.13M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.