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 | |
|---|---|---|---|---|---|---|
301
Utz Brands
UTZ
$1.25B
| $22.1M | 0.02% |
1,643,723
-165,727
| -9% | -$2.55M |
|
302
Cabaletta Bio
CABA
$452M
| $21.6M | 0.02% |
1,422,367
+241,803
| +20% | +$3.3M |
|
303
KE Holdings
BEKE
$18.7B
| $21.6M | 0.02% |
1,393,777
-154,299
| -10% | -$2.45M |
|
|
EXE
304
Expand Energy Corp
EXE
$21.2B
| $21.5M | 0.02% |
249,731
+1,033
| +0.4% | +$87.7K |
|
305
Bankunited
BKU
$3.44B
| $21.5M | 0.02% |
945,926
-473,301
| -33% | -$12.1M |
|
|
CDMO
306
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $21.4M | 0.02% |
2,270,885
-820,959
| -27% | -$9.88M |
|
|
B
307
Barrick Mining
B
$68.2B
| $21.4M | 0.02% |
1,470,014
-203,002
| -12% | -$3.33M |
|
308
WSFS Financial
WSFS
$4.23B
| $21.3M | 0.02% |
584,390
-94,136
| -14% | -$3.75M |
|
309
Structure Therapeutics
GPCR
$3.58B
| $21.2M | 0.02% |
420,479
+20,699
| +5% | +$667K |
|
310
Insulet
PODD
$9.19B
| $21M | 0.02% |
131,565
+833
| +0.6% | +$187K |
|
311
Materion
MTRN
$5.95B
| $20.6M | 0.02% |
+202,275
| New | +$22.1M |
|
|
EFOR
312
Everforth Inc
EFOR
$1.25B
| $20.3M | 0.02% |
248,714
-7,533
| -3% | -$600K |
|
313
Lennar Class A
LEN
$21B
| $20.2M | 0.02% |
185,661
-14,150
| -7% | -$1.66M |
|
314
Centene
CNC
$33.5B
| $19.9M | 0.02% |
289,019
-235,616
| -45% | -$15.7M |
|
315
Enbridge
ENB
$114B
| $19.6M | 0.02% |
590,680
-34,883
| -6% | -$1.24M |
|
|
UMH
316
UMH Properties
UMH
$1.29B
| $19.6M | 0.02% |
1,397,771
-22,965
| -2% | -$353K |
|
317
Texas Instruments
TXN
$254B
| $19.5M | 0.02% |
122,442
-2,398
| -2% | -$409K |
|
318
Zurn Elkay Water Solutions
ZWS
$8.78B
| $19.4M | 0.02% |
693,482
-342,645
| -33% | -$9.79M |
|
319
PagerDuty
PD
$851M
| $19.3M | 0.02% |
857,625
-8,319
| -1% | -$198K |
|
320
Pacira BioSciences
PCRX
$981M
| $19.1M | 0.02% |
621,679
-343,751
| -36% | -$12.4M |
|
|
RCM
321
DELISTED
R1 RCM Inc. Common Stock
RCM
| $19M | 0.02% |
1,258,979
-868,394
| -41% | -$14.6M |
|
322
Avantor
AVTR
$9.15B
| $18.8M | 0.02% |
891,963
+9,841
| +1% | +$209K |
|
323
Kanzhun
BZ
$7.27B
| $18.7M | 0.02% |
1,233,152
-136,520
| -10% | -$2.14M |
|
324
James River Group Holdings
JRVR
$214M
| $18.3M | 0.02% |
1,195,002
-6,523
| -0.5% | -$106K |
|
325
Pinduoduo
PDD
$130B
| $18.3M | 0.02% |
186,712
-20,850
| -10% | -$1.8M |
|
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.