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 | |
|---|---|---|---|---|---|---|
276
Nextpower Inc
NXT
$14.9B
| $26.2M | 0.02% |
651,428
+44,611
| +7% | +$1.81M |
|
277
Quanta Services
PWR
$102B
| $26.1M | 0.02% |
139,488
-20,517
| -13% | -$4.11M |
|
278
TotalEnergies
TTE
$193B
| $25.9M | 0.02% |
393,560
-285,163
| -42% | -$17.6M |
|
279
Kosmos Energy
KOS
$1.44B
| $25.8M | 0.02% |
+3,156,477
| New | +$22.4M |
|
280
Texas Roadhouse
TXRH
$13.8B
| $25.8M | 0.02% |
268,278
+81,679
| +44% | +$8.7M |
|
281
Watsco Inc
WSO
$13.1B
| $25.8M | 0.02% |
68,174
+16,831
| +33% | +$6.09M |
|
282
Western Alliance Bancorporation
WAL
$9.04B
| $25.7M | 0.02% |
559,501
+97,152
| +21% | +$4.59M |
|
283
Varonis Systems
VRNS
$4.73B
| $25.6M | 0.02% |
836,649
-9,731
| -1% | -$287K |
|
284
Eaton
ETN
$170B
| $25.5M | 0.02% |
119,617
+21,295
| +22% | +$4.59M |
|
285
Maravai LifeSciences
MRVI
$947M
| $25.5M | 0.02% |
2,547,753
+769,362
| +43% | +$8.45M |
|
286
Descartes Systems
DSGX
$6.56B
| $24.5M | 0.02% |
333,501
-8,898
| -3% | -$671K |
|
|
ETRN
287
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $24.3M | 0.02% |
2,591,444
+48,610
| +2% | +$464K |
|
|
MRNS
288
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $23.8M | 0.02% |
2,955,343
+1,089,913
| +58% | +$9.07M |
|
289
Western Midstream Partners
WES
$19.3B
| $23.6M | 0.02% |
868,349
-59,267
| -6% | -$1.61M |
|
290
B2Gold
BTG
$5.18B
| $23.5M | 0.02% |
8,148,671
-1,981
| -0% | -$6.45K |
|
291
Arcutis Biotherapeutics
ARQT
$3.24B
| $23.5M | 0.02% |
4,432,175
+138,209
| +3% | +$1.18M |
|
|
VRNA
292
DELISTED
Verona Pharma
VRNA
| $23.5M | 0.02% |
1,442,566
+53,903
| +4% | +$1.04M |
|
293
Lamb Weston
LW
$7.29B
| $23.3M | 0.02% |
252,281
+94,500
| +60% | +$9.58M |
|
294
Tandem Diabetes Care
TNDM
$1.38B
| $23.3M | 0.02% |
1,122,915
+804,488
| +253% | +$22.1M |
|
295
Construction Partners
ROAD
$6.11B
| $23.2M | 0.02% |
634,854
+6,772
| +1% | +$223K |
|
|
CEQP
296
DELISTED
Crestwood Equity Partners LP
CEQP
| $22.4M | 0.02% |
765,792
+14,364
| +2% | +$403K |
|
297
Array Technologies
ARRY
$924M
| $22.3M | 0.02% |
1,004,462
+141,782
| +16% | +$3.08M |
|
298
Wintrust Financial
WTFC
$10.9B
| $22.3M | 0.02% |
295,104
+521
| +0.2% | +$41K |
|
299
VSE Corp
VSEC
$5.81B
| $22.2M | 0.02% |
+440,188
| New | +$23.9M |
|
300
Agnico Eagle Mines
AEM
$76.3B
| $22.2M | 0.02% |
487,839
+1,331
| +0.3% | +$65.3K |
|
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.