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 | |
|---|---|---|---|---|---|---|
|
GTLS
326
DELISTED
Chart Industries
GTLS
| $18.4M | 0.02% |
99,678
-8,422
| -8% | -$1.56M |
|
327
Gates Industrial Corporation Ltd.
GTES
$7.5B
| $18.1M | 0.02% |
1,853,612
-468,830
| -20% | -$5.31M |
|
328
Nordson
NDSN
$17.3B
| $18M | 0.02% |
84,834
-58,498
| -41% | -$13.1M |
|
329
Hamilton Lane
HLNE
$5.63B
| $17.6M | 0.02% |
295,168
+53,157
| +22% | +$3.76M |
|
330
Dentsply Sirona
XRAY
$2.77B
| $17.4M | 0.02% |
613,523
+155,593
| +34% | +$5.32M |
|
331
Lamb Weston
LW
$7.35B
| $17M | 0.02% |
219,859
+44,161
| +25% | +$3.45M |
|
|
ATVI
332
DELISTED
Activision Blizzard
ATVI
| $17M | 0.02% |
228,778
+146,013
| +176% | +$11.4M |
|
|
AMK
333
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $17M | 0.02% |
929,548
+70,202
| +8% | +$1.36M |
|
334
Varonis Systems
VRNS
$5.05B
| $16.9M | 0.02% |
636,665
-398,699
| -39% | -$11.4M |
|
|
AAMI
335
Acadian Asset Management
AAMI
$3.27B
| $16.8M | 0.02% |
1,128,897
+52,940
| +5% | +$950K |
|
336
CF Industries
CF
$18B
| $16.8M | 0.02% |
174,298
+167,240
| +2,370% | +$16.3M |
|
337
Expedia Group
EXPE
$38.1B
| $16.6M | 0.02% |
177,318
-735
| -0.4% | -$75K |
|
|
HRT
338
DELISTED
HireRight Holdings Corporation
HRT
| $16.6M | 0.02% |
1,087,196
+84,025
| +8% | +$1.33M |
|
339
Agnico Eagle Mines
AEM
$83.1B
| $16.5M | 0.02% |
390,087
+114,991
| +42% | +$4.93M |
|
340
Tractor Supply
TSCO
$17.5B
| $16.3M | 0.02% |
437,215
+137,840
| +46% | +$5.37M |
|
341
Take-Two Interactive
TTWO
$43.9B
| $16.2M | 0.02% |
+148,670
| New | +$18.5M |
|
342
ExxonMobil
XOM
$630B
| $16.2M | 0.02% |
185,277
-130,579
| -41% | -$11.9M |
|
343
PENN Entertainment
PENN
$2.65B
| $16.1M | 0.02% |
584,910
+263,794
| +82% | +$8.52M |
|
344
Howard Hughes
HHH
$3.9B
| $16.1M | 0.02% |
304,325
+65,516
| +27% | +$4.19M |
|
|
CEQP
345
DELISTED
Crestwood Equity Partners LP
CEQP
| $16M | 0.02% |
575,684
+222,477
| +63% | +$5.94M |
|
|
AAT
346
American Assets Trust
AAT
$1.41B
| $15.9M | 0.02% |
619,306
-2,378
| -0.4% | -$68.1K |
|
347
Bio-Techne
TECH
$11.2B
| $15.3M | 0.02% |
216,040
+57,012
| +36% | +$4.93M |
|
348
Outset Medical
OM
$93.4M
| $15.3M | 0.02% |
64,049
+1,115
| +2% | +$299K |
|
349
Boot Barn
BOOT
$4.89B
| $15.3M | 0.02% |
260,942
+51,755
| +25% | +$3.47M |
|
|
VRNT
350
DELISTED
Verint Systems
VRNT
| $15.2M | 0.02% |
452,977
+247,060
| +120% | +$10.8M |
|
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.