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 | |
|---|---|---|---|---|---|---|
276
Zurn Elkay Water Solutions
ZWS
$8.38B
| $27.9M | 0.02% |
1,036,127
-54,277
| -5% | -$1.24M |
|
|
CYBR
277
DELISTED
CyberArk
CYBR
| $27.8M | 0.02% |
+177,927
| New | +$25.5M |
|
278
Prestige Consumer Healthcare
PBH
$2.38B
| $27.6M | 0.02% |
463,950
+40,522
| +10% | +$2.42M |
|
279
Descartes Systems
DSGX
$6.44B
| $27.4M | 0.02% |
342,399
+16,068
| +5% | +$1.25M |
|
280
Amgen
AMGN
$208B
| $27.3M | 0.02% |
122,739
-209,687
| -63% | -$48.7M |
|
281
CAVA Group
CAVA
$7.6B
| $27.2M | 0.02% |
+664,940
| New | +$27.4M |
|
282
Prologis
PLD
$135B
| $27.2M | 0.02% |
221,784
-730
| -0.3% | -$89.8K |
|
283
MACOM Technology Solutions
MTSI
$19.2B
| $26.8M | 0.02% |
408,970
+40,781
| +11% | +$2.47M |
|
284
Intapp
INTA
$2.52B
| $26.6M | 0.02% |
634,418
+41,984
| +7% | +$1.81M |
|
|
GLDD
285
DELISTED
Great Lakes Dredge & Dock
GLDD
| $26.5M | 0.02% |
3,251,316
+96,930
| +3% | +$629K |
|
286
Cogent Communications
CCOI
$676M
| $26.4M | 0.02% |
391,592
+72,737
| +23% | +$4.75M |
|
|
FL
287
DELISTED
Foot Locker
FL
| $26.3M | 0.02% |
969,670
+50,504
| +5% | +$1.72M |
|
288
Boot Barn
BOOT
$4.51B
| $26.3M | 0.02% |
310,288
+28,022
| +10% | +$2.06M |
|
289
WSFS Financial
WSFS
$4.12B
| $25.6M | 0.02% |
678,526
+32,716
| +5% | +$1.16M |
|
290
Skyward Specialty Insurance
SKWD
$2.43B
| $25.5M | 0.02% |
1,003,330
+490,565
| +96% | +$11.3M |
|
291
Western Midstream Partners
WES
$19.2B
| $24.6M | 0.02% |
927,616
-254,677
| -22% | -$6.7M |
|
292
Agnico Eagle Mines
AEM
$73.6B
| $24.3M | 0.02% |
486,508
+61,112
| +14% | +$3.31M |
|
|
ETRN
293
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $24.3M | 0.02% |
2,542,834
+627,736
| +33% | +$4.21M |
|
294
Lennar Class A
LEN
$19.8B
| $24.2M | 0.02% |
199,811
-127,313
| -39% | -$13.9M |
|
295
Nextpower Inc
NXT
$13.6B
| $24.2M | 0.02% |
606,817
+300,365
| +98% | +$11M |
|
296
Caterpillar
CAT
$375B
| $24M | 0.02% |
97,604
-12,068
| -11% | -$2.69M |
|
297
Grid Dynamics Holdings
GDYN
$559M
| $23.5M | 0.02% |
2,535,710
-154,922
| -6% | -$1.55M |
|
298
Tractor Supply
TSCO
$16.1B
| $23.4M | 0.02% |
529,250
-260,995
| -33% | -$12M |
|
299
Enbridge
ENB
$119B
| $23.2M | 0.02% |
625,563
-146,108
| -19% | -$5.57M |
|
300
KE Holdings
BEKE
$18.7B
| $23M | 0.02% |
1,548,076
+79,876
| +5% | +$1.3M |
|
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.