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 | |
|---|---|---|---|---|---|---|
326
United Parcel Service
UPS
$88.6B
| $19.1M | 0.02% |
106,768
-15,052
| -12% | -$2.67M |
|
327
FIVE9
FIVN
$2.11B
| $18.6M | 0.02% |
225,216
-72,370
| -24% | -$4.86M |
|
|
CBAY
328
DELISTED
Cymabay Therapeutics
CBAY
| $18.3M | 0.02% |
1,671,532
+1,047,869
| +168% | +$9.76M |
|
329
Lamb Weston
LW
$7.22B
| $18.1M | 0.01% |
157,781
-111,970
| -42% | -$12.5M |
|
330
Avantor
AVTR
$9.32B
| $18.1M | 0.01% |
882,122
+351,282
| +66% | +$7.1M |
|
331
Kinetik
KNTK
$3.72B
| $17.6M | 0.01% |
500,977
+85,894
| +21% | +$2.73M |
|
332
First Interstate BancSystem
FIBK
$3.69B
| $17.6M | 0.01% |
+737,735
| New | +$18.6M |
|
|
SILK
333
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $17.4M | 0.01% |
536,864
-360,092
| -40% | -$13.1M |
|
334
Western Alliance Bancorporation
WAL
$8.79B
| $16.9M | 0.01% |
+462,349
| New | +$16M |
|
|
ATVI
335
DELISTED
Activision Blizzard
ATVI
| $16.8M | 0.01% |
199,519
-1,917
| -1% | -$155K |
|
336
SolarEdge
SEDG
$2.51B
| $16.7M | 0.01% |
62,024
-66
| -0.1% | -$18.9K |
|
337
Structure Therapeutics
GPCR
$3.41B
| $16.6M | 0.01% |
399,780
| – | – |
|
338
Hamilton Lane
HLNE
$4.91B
| $16.6M | 0.01% |
207,448
-42,210
| -17% | -$3.03M |
|
339
Outset Medical
OM
$84.7M
| $16.4M | 0.01% |
49,974
+9,519
| +24% | +$2.9M |
|
340
Cousins Properties
CUZ
$5.19B
| $16.2M | 0.01% |
709,937
+52,857
| +8% | +$1.11M |
|
341
Sarepta Therapeutics
SRPT
$1.57B
| $15.7M | 0.01% |
137,240
+16,979
| +14% | +$2.19M |
|
|
HRT
342
DELISTED
HireRight Holdings Corporation
HRT
| $15.6M | 0.01% |
1,383,518
+105,265
| +8% | +$1.1M |
|
343
BioLife Solutions
BLFS
$1.53B
| $15.6M | 0.01% |
706,120
-219,261
| -24% | -$4.62M |
|
344
AES
AES
$10.5B
| $15.5M | 0.01% |
749,618
-2,165,230
| -74% | -$47.7M |
|
345
BCE
BCE
$20.2B
| $15.5M | 0.01% |
340,459
-1,472
| -0.4% | -$68.5K |
|
346
BioMarin Pharmaceuticals
BMRN
$11.6B
| $15.4M | 0.01% |
177,801
-496,307
| -74% | -$46.7M |
|
347
Q2 Holdings
QTWO
$3.8B
| $15.3M | 0.01% |
495,327
-2,436
| -0.5% | -$63.9K |
|
348
Cabaletta Bio
CABA
$437M
| $15.2M | 0.01% |
1,180,564
+400,000
| +51% | +$4.34M |
|
349
Pembina Pipeline
PBA
$28.4B
| $15.1M | 0.01% |
480,319
-181,823
| -27% | -$5.81M |
|
350
Integra LifeSciences
IART
$1.29B
| $15.1M | 0.01% |
366,844
+6,758
| +2% | +$325K |
|
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.