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 | |
|---|---|---|---|---|---|---|
326
Definitive Healthcare
DH
$73.9M
| $19.6M | 0.02% |
1,780,255
+162,989
| +10% | +$2.1M |
|
327
CF Industries
CF
$18.1B
| $18.8M | 0.02% |
221,186
+46,888
| +27% | +$4.76M |
|
328
KE Holdings
BEKE
$18.9B
| $18.8M | 0.02% |
1,349,295
-623,984
| -32% | -$8.67M |
|
|
TIXT
329
DELISTED
TELUS International
TIXT
| $18.6M | 0.02% |
942,104
+20,217
| +2% | +$447K |
|
330
Varonis Systems
VRNS
$4.98B
| $18.5M | 0.02% |
773,295
+136,630
| +21% | +$3.12M |
|
331
Hamilton Lane
HLNE
$5.61B
| $18.5M | 0.02% |
289,427
-5,741
| -2% | -$382K |
|
332
Pinterest
PINS
$14.3B
| $18.2M | 0.02% |
750,265
+334,418
| +80% | +$7.98M |
|
333
BioLife Solutions
BLFS
$1.59B
| $18.1M | 0.02% |
993,239
+389,812
| +65% | +$8.05M |
|
334
EQT Corp
EQT
$33B
| $17.9M | 0.02% |
530,136
-110,103
| -17% | -$4.42M |
|
335
IBM
IBM
$222B
| $17.6M | 0.02% |
125,176
-84,303
| -40% | -$11.6M |
|
336
Freeport-McMoran
FCX
$96.7B
| $17.6M | 0.02% |
463,439
-850
| -0.2% | -$29.7K |
|
337
Wintrust Financial
WTFC
$11B
| $17.6M | 0.02% |
208,334
+23,595
| +13% | +$2.08M |
|
338
WSFS Financial
WSFS
$4.21B
| $17.6M | 0.02% |
387,122
-258,212
| -40% | -$12.1M |
|
339
JD.com
JD
$44.5B
| $17.5M | 0.02% |
311,332
-287,373
| -48% | -$14.5M |
|
340
Madrigal Pharmaceuticals
MDGL
$11.7B
| $17.1M | 0.02% |
58,956
-54,544
| -48% | -$5.33M |
|
|
FL
341
DELISTED
Foot Locker
FL
| $17M | 0.02% |
+450,602
| New | +$15.5M |
|
|
SWAV
342
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $16.7M | 0.02% |
81,092
-1,035
| -1% | -$262K |
|
343
PENN Entertainment
PENN
$2.68B
| $16.6M | 0.02% |
560,381
-24,529
| -4% | -$796K |
|
|
AAT
344
American Assets Trust
AAT
$1.42B
| $16.5M | 0.02% |
623,046
+3,740
| +0.6% | +$101K |
|
345
Chewy
CHWY
$9.87B
| $16.4M | 0.02% |
442,052
-1,969
| -0.4% | -$76.7K |
|
346
Boot Barn
BOOT
$4.94B
| $16.3M | 0.02% |
260,644
-298
| -0.1% | -$17.9K |
|
|
BRKL
347
DELISTED
Brookline Bancorp
BRKL
| $16.2M | 0.02% |
1,141,871
-18,726
| -2% | -$250K |
|
|
AAMI
348
Acadian Asset Management
AAMI
$3.28B
| $16M | 0.02% |
777,637
-351,260
| -31% | -$6.63M |
|
349
ON Semiconductor
ON
$31.4B
| $15.9M | 0.02% |
254,472
+18,149
| +8% | +$1.21M |
|
|
MMP
350
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $15.8M | 0.02% |
314,085
| – | – |
|
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.