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 | |
|---|---|---|---|---|---|---|
301
MACOM Technology Solutions
MTSI
$20.9B
| $23.1M | 0.02% |
366,914
-206,688
| -36% | -$12.9M |
|
302
Armstrong World Industries
AWI
$7.74B
| $23M | 0.02% |
335,499
-224,441
| -40% | -$17M |
|
303
Boyd Gaming
BYD
$6.27B
| $22.9M | 0.02% |
+419,751
| New | +$23.6M |
|
304
Pembina Pipeline
PBA
$28.1B
| $22.5M | 0.02% |
663,544
-2,135
| -0.3% | -$71.6K |
|
305
Wingstop
WING
$3.31B
| $22.4M | 0.02% |
162,654
-24,436
| -13% | -$3.61M |
|
306
Descartes Systems
DSGX
$6.63B
| $22.1M | 0.02% |
316,657
-5,830
| -2% | -$398K |
|
307
Agnico Eagle Mines
AEM
$76.3B
| $22M | 0.02% |
423,884
+33,797
| +9% | +$1.6M |
|
|
ETRN
308
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $21.8M | 0.02% |
3,258,902
-4,169,912
| -56% | -$32.3M |
|
309
Expedia Group
EXPE
$37.5B
| $21.7M | 0.02% |
247,975
+70,657
| +40% | +$6.68M |
|
310
TechnipFMC
FTI
$27.5B
| $21.7M | 0.02% |
1,779,428
+399,382
| +29% | +$4.47M |
|
|
AMK
311
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $21.6M | 0.02% |
937,474
+7,926
| +0.9% | +$175K |
|
312
Core & Main
CNM
$8.67B
| $21.3M | 0.02% |
1,105,607
-111,747
| -9% | -$2.38M |
|
313
Herc Holdings
HRI
$5.71B
| $21.2M | 0.02% |
+161,444
| New | +$19.8M |
|
314
Jack Henry & Associates
JKHY
$11.1B
| $21.1M | 0.02% |
119,985
-27,104
| -18% | -$5M |
|
315
Steris
STE
$22.7B
| $21M | 0.02% |
113,869
-1,572
| -1% | -$276K |
|
316
Texas Instruments
TXN
$259B
| $20.8M | 0.02% |
125,717
-703
| -0.6% | -$117K |
|
317
Arcutis Biotherapeutics
ARQT
$3.26B
| $20.7M | 0.02% |
1,398,279
+8,663
| +0.6% | +$151K |
|
318
FIVE9
FIVN
$2.28B
| $20.6M | 0.02% |
304,081
-5,731
| -2% | -$360K |
|
319
DT Midstream
DTM
$13.8B
| $20.6M | 0.02% |
372,633
-62,213
| -14% | -$3.56M |
|
320
Maravai LifeSciences
MRVI
$948M
| $20.5M | 0.02% |
+1,434,927
| New | +$22.6M |
|
321
PagerDuty
PD
$871M
| $20.3M | 0.02% |
765,473
-269,069
| -26% | -$6.36M |
|
322
Lazard
LAZ
$4.26B
| $20.2M | 0.02% |
583,229
-154,229
| -21% | -$5.48M |
|
323
Integra LifeSciences
IART
$1.39B
| $20.1M | 0.02% |
359,315
+18,950
| +6% | +$965K |
|
324
Caterpillar
CAT
$404B
| $20.1M | 0.02% |
84,078
-1,393
| -2% | -$303K |
|
325
United Parcel Service
UPS
$92.7B
| $19.9M | 0.02% |
114,263
-1,594
| -1% | -$276K |
|
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.