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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
B
276
Barrick Mining
B
$64B
| $28.8M | 0.03% |
1,674,808
+324,706
| +24% | +$5.17M |
|
277
Prestige Consumer Healthcare
PBH
$2.46B
| $28.6M | 0.03% |
456,286
-176,902
| -28% | -$10.1M |
|
|
SNCY
278
DELISTED
Sun Country Airlines
SNCY
| $28.1M | 0.03% |
1,771,142
-1,602
| -0.1% | -$28.1K |
|
279
Tractor Supply
TSCO
$17.4B
| $27.4M | 0.03% |
607,920
+170,705
| +39% | +$7.25M |
|
280
Utz Brands
UTZ
$1.25B
| $27.1M | 0.03% |
1,707,881
+204,816
| +14% | +$3.4M |
|
|
VRNA
281
DELISTED
Verona Pharma
VRNA
| $26.9M | 0.03% |
+1,030,627
| New | +$13.7M |
|
282
Aptiv
APTV
$10.1B
| $26.9M | 0.03% |
288,860
+10,990
| +4% | +$1.04M |
|
|
EXE
283
Expand Energy Corp
EXE
$21.5B
| $26.8M | 0.03% |
283,779
+54,236
| +24% | +$5.37M |
|
284
Enterprise Products Partners
EPD
$82.5B
| $26.3M | 0.03% |
1,090,266
| – | – |
|
285
Neurocrine Biosciences
NBIX
$16.9B
| $26.2M | 0.03% |
219,387
+78,057
| +55% | +$9.14M |
|
286
Marvell Technology
MRVL
$196B
| $25.9M | 0.03% |
699,276
-5,521
| -0.8% | -$225K |
|
287
Energy Recovery
ERII
$470M
| $25.7M | 0.03% |
1,251,918
+116,585
| +10% | +$2.55M |
|
|
OLK
288
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $25.6M | 0.03% |
1,010,294
+628,296
| +164% | +$12.6M |
|
|
GLDD
289
DELISTED
Great Lakes Dredge & Dock
GLDD
| $25.5M | 0.03% |
4,278,498
-622,420
| -13% | -$4.38M |
|
290
MPLX
MPLX
$61.4B
| $25.2M | 0.03% |
766,345
| – | – |
|
291
Casella Waste Systems
CWST
$5.82B
| $24.7M | 0.03% |
311,530
+50,571
| +19% | +$4.06M |
|
292
Lockheed Martin
LMT
$136B
| $24.6M | 0.02% |
50,597
+20,019
| +65% | +$9.3M |
|
293
Dollar General
DG
$28.1B
| $24.4M | 0.02% |
98,897
+14,197
| +17% | +$3.51M |
|
294
Hilltop Holdings
HTH
$2.29B
| $24.2M | 0.02% |
806,581
+750,608
| +1,341% | +$21.3M |
|
|
ATVI
295
DELISTED
Activision Blizzard
ATVI
| $23.7M | 0.02% |
309,910
+81,132
| +35% | +$6.02M |
|
296
Republic Services
RSG
$63.9B
| $23.7M | 0.02% |
183,652
+21,194
| +13% | +$2.83M |
|
297
James River Group Holdings
JRVR
$213M
| $23.7M | 0.02% |
1,132,851
+40,439
| +4% | +$928K |
|
298
Burlington
BURL
$23.2B
| $23.6M | 0.02% |
116,311
-18,600
| -14% | -$2.97M |
|
299
Datadog
DDOG
$103B
| $23.4M | 0.02% |
318,819
-1,509
| -0.5% | -$118K |
|
300
Grab
GRAB
$15.2B
| $23.1M | 0.02% |
7,178,488
+3,363,310
| +88% | +$9.64M |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.