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 | |
|---|---|---|---|---|---|---|
|
UMH
301
UMH Properties
UMH
$1.29B
| $22.7M | 0.02% |
1,420,736
-9,587
| -0.7% | -$148K |
|
302
Varonis Systems
VRNS
$4.59B
| $22.6M | 0.02% |
846,380
+72,752
| +9% | +$1.82M |
|
303
Texas Instruments
TXN
$252B
| $22.5M | 0.02% |
124,840
| – | – |
|
|
GTM
304
ZoomInfo Technologies
GTM
$973M
| $22.2M | 0.02% |
873,130
+47,084
| +6% | +$1.11M |
|
305
Maravai LifeSciences
MRVI
$969M
| $22.1M | 0.02% |
1,778,391
| – | – |
|
306
Valero Energy
VLO
$90.1B
| $22M | 0.02% |
187,181
-16,715
| -8% | -$1.94M |
|
307
James River Group Holdings
JRVR
$208M
| $21.9M | 0.02% |
1,201,525
+53,888
| +5% | +$1.07M |
|
308
Agilent Technologies
A
$39.1B
| $21.6M | 0.02% |
179,312
-224,916
| -56% | -$28.7M |
|
309
Wintrust Financial
WTFC
$10.8B
| $21.4M | 0.02% |
294,583
-43,009
| -13% | -$2.93M |
|
310
Texas Roadhouse
TXRH
$13.5B
| $21M | 0.02% |
186,599
+14,790
| +9% | +$1.63M |
|
|
EXE
311
Expand Energy Corp
EXE
$21.8B
| $20.8M | 0.02% |
248,698
-34,554
| -12% | -$2.76M |
|
312
Neurocrine Biosciences
NBIX
$16.8B
| $20.8M | 0.02% |
220,130
-6,250
| -3% | -$611K |
|
313
Kanzhun
BZ
$7.27B
| $20.6M | 0.02% |
1,369,672
-526,451
| -28% | -$8.81M |
|
314
Freeport-McMoran
FCX
$90B
| $20.4M | 0.02% |
509,951
+46,878
| +10% | +$1.79M |
|
315
Enterprise Financial Services Corp
EFSC
$2.4B
| $20.3M | 0.02% |
519,349
-395,949
| -43% | -$16.4M |
|
|
MRNS
316
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $20.3M | 0.02% |
+1,865,430
| New | +$16M |
|
|
CEQP
317
DELISTED
Crestwood Equity Partners LP
CEQP
| $19.9M | 0.02% |
751,428
+101,533
| +16% | +$2.58M |
|
318
Eaton
ETN
$161B
| $19.8M | 0.02% |
98,322
+31,806
| +48% | +$5.59M |
|
319
Construction Partners
ROAD
$5.84B
| $19.7M | 0.02% |
628,082
+174,753
| +39% | +$5M |
|
320
Cameco
CCJ
$37.6B
| $19.7M | 0.02% |
628,959
+210,784
| +50% | +$5.93M |
|
321
Watsco Inc
WSO
$12.7B
| $19.6M | 0.02% |
+51,343
| New | +$17.4M |
|
322
Array Technologies
ARRY
$803M
| $19.5M | 0.02% |
862,680
+116,409
| +16% | +$2.49M |
|
323
PagerDuty
PD
$816M
| $19.5M | 0.02% |
865,944
+114,511
| +15% | +$3.18M |
|
324
Monolithic Power Systems
MPWR
$70.1B
| $19.4M | 0.02% |
35,897
+18,752
| +109% | +$8.91M |
|
|
EFOR
325
Everforth Inc
EFOR
$1.17B
| $19.4M | 0.02% |
256,247
+11,222
| +5% | +$807K |
|
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.