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 | |
|---|---|---|---|---|---|---|
301
FIVE9
FIVN
$2.22B
| $23.2M | 0.02% |
309,812
+19,245
| +7% | +$1.87M |
|
302
Churchill Downs
CHDN
$5.82B
| $23.2M | 0.02% |
+251,646
| New | +$25.7M |
|
|
PLYM
303
DELISTED
Plymouth Industrial REIT
PLYM
| $23.2M | 0.02% |
1,378,363
+363,930
| +36% | +$7.05M |
|
|
AXNX
304
DELISTED
Axonics, Inc. Common Stock
AXNX
| $23.1M | 0.02% |
328,543
+6,582
| +2% | +$454K |
|
305
MPLX
MPLX
$59.8B
| $23M | 0.02% |
766,345
| – | – |
|
306
Qiagen
QGEN
$8.73B
| $22.9M | 0.02% |
523,321
+231,317
| +79% | +$11.4M |
|
|
SWAV
307
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $22.8M | 0.02% |
82,127
-72,514
| -47% | -$18.4M |
|
308
Utz Brands
UTZ
$1.25B
| $22.7M | 0.02% |
1,503,065
+458,624
| +44% | +$7.43M |
|
309
DT Midstream
DTM
$13.8B
| $22.6M | 0.02% |
434,846
+199,108
| +84% | +$10.7M |
|
310
Delta Air Lines
DAL
$60.2B
| $22.2M | 0.02% |
790,473
+1,330
| +0.2% | +$42.2K |
|
311
Republic Services
RSG
$64.5B
| $22.1M | 0.02% |
162,458
-2,245
| -1% | -$314K |
|
312
DaVita
DVA
$15B
| $21.7M | 0.02% |
262,579
+169,065
| +181% | +$14.8M |
|
313
Aptiv
APTV
$10.1B
| $21.7M | 0.02% |
277,870
-40,741
| -13% | -$3.91M |
|
|
EXE
314
Expand Energy Corp
EXE
$21.9B
| $21.6M | 0.02% |
229,543
+44,320
| +24% | +$4.16M |
|
|
B
315
Barrick Mining
B
$64B
| $20.9M | 0.02% |
1,350,102
-415,530
| -24% | -$6.56M |
|
316
Descartes Systems
DSGX
$6.56B
| $20.5M | 0.02% |
322,487
+25,605
| +9% | +$1.74M |
|
317
Dollar General
DG
$28.2B
| $20.3M | 0.02% |
84,700
+62,740
| +286% | +$15.5M |
|
318
Pembina Pipeline
PBA
$28B
| $20.2M | 0.02% |
665,679
+717
| +0.1% | +$25.6K |
|
319
Casella Waste Systems
CWST
$5.85B
| $19.9M | 0.02% |
260,959
+15,446
| +6% | +$1.24M |
|
|
CVET
320
DELISTED
Covetrus, Inc. Common Stock
CVET
| $19.9M | 0.02% |
951,369
+14,416
| +2% | +$300K |
|
321
Texas Instruments
TXN
$246B
| $19.6M | 0.02% |
126,420
-70,041
| -36% | -$11.7M |
|
322
Enerpac Tool Group
EPAC
$1.85B
| $19.2M | 0.02% |
1,078,908
-985,131
| -48% | -$19.2M |
|
323
Steris
STE
$22.7B
| $19.2M | 0.02% |
115,441
-4,453
| -4% | -$906K |
|
324
United Parcel Service
UPS
$90.8B
| $18.7M | 0.02% |
115,857
-2,012
| -2% | -$381K |
|
325
Insulet
PODD
$11.8B
| $18.5M | 0.02% |
+80,762
| New | +$20.2M |
|
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.