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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
MPLX
MPLX
$59.3B
| $22.3M | 0.02% |
766,345
-17,300
| -2% | -$554K |
|
302
Burlington
BURL
$23.2B
| $21.9M | 0.02% |
160,508
-87,533
| -35% | -$15.8M |
|
|
FOCS
303
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $21.8M | 0.02% |
640,296
-454,265
| -42% | -$17.4M |
|
304
East-West Bancorp
EWBC
$17.9B
| $21.7M | 0.02% |
334,836
-22,489
| -6% | -$1.61M |
|
305
MaxLinear
MXL
$6.06B
| $21.6M | 0.02% |
635,370
-260,344
| -29% | -$10.9M |
|
306
Republic Services
RSG
$64.8B
| $21.6M | 0.02% |
+164,703
| New | +$21.6M |
|
307
United Parcel Service
UPS
$88.6B
| $21.5M | 0.02% |
117,869
-10,238
| -8% | -$1.87M |
|
308
On Holding
ONON
$12.1B
| $20.4M | 0.02% |
1,154,050
+216,756
| +23% | +$4.69M |
|
309
AvalonBay Communities
AVB
$26.5B
| $20.1M | 0.02% |
103,427
+25,333
| +32% | +$5.49M |
|
310
Ero Copper
ERO
$2.81B
| $20.1M | 0.02% |
2,376,251
+869,177
| +58% | +$10.8M |
|
|
CVET
311
DELISTED
Covetrus, Inc. Common Stock
CVET
| $19.4M | 0.02% |
936,953
+331,352
| +55% | +$5.9M |
|
312
Newmont
NEM
$98.7B
| $19.4M | 0.02% |
324,773
+53,894
| +20% | +$3.81M |
|
|
AAMI
313
Acadian Asset Management
AAMI
$3.08B
| $19.4M | 0.02% |
1,075,957
-963,798
| -47% | -$19.7M |
|
314
Energy Recovery
ERII
$446M
| $18.9M | 0.02% |
974,609
+452,454
| +87% | +$8.78M |
|
|
AAT
315
American Assets Trust
AAT
$1.45B
| $18.5M | 0.02% |
621,684
+17,042
| +3% | +$571K |
|
316
Descartes Systems
DSGX
$6.44B
| $18.4M | 0.02% |
296,882
-51,035
| -15% | -$3.18M |
|
317
Rogers Communications
RCI
$18.3B
| $18.4M | 0.02% |
383,413
+159,579
| +71% | +$8.35M |
|
318
Starwood Property Trust
STWD
$5.92B
| $18.3M | 0.02% |
876,053
+8,573
| +1% | +$197K |
|
|
AXNX
319
DELISTED
Axonics, Inc. Common Stock
AXNX
| $18.2M | 0.02% |
321,961
-351,557
| -52% | -$19.3M |
|
320
IBM
IBM
$211B
| $18.2M | 0.02% |
+129,024
| New | +$17.4M |
|
|
GTLS
321
DELISTED
Chart Industries
GTLS
| $18.1M | 0.02% |
108,100
+19,151
| +22% | +$3.27M |
|
|
MMP
322
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $18M | 0.02% |
377,184
+52,034
| +16% | +$2.6M |
|
323
Phreesia
PHR
$663M
| $17.9M | 0.02% |
716,343
-467,436
| -39% | -$10.3M |
|
324
Casella Waste Systems
CWST
$5.71B
| $17.8M | 0.02% |
245,513
+232,019
| +1,719% | +$17.7M |
|
|
PLYM
325
DELISTED
Plymouth Industrial REIT
PLYM
| $17.8M | 0.02% |
1,014,433
+26,836
| +3% | +$581K |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.