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 | |
|---|---|---|---|---|---|---|
326
SiteOne Landscape Supply
SITE
$4.4B
| $17.8M | 0.02% |
+109,117
| New | +$17.8M |
|
|
SWAV
327
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $17.7M | 0.02% |
+88,900
| New | +$21M |
|
328
Kinetik
KNTK
$3.56B
| $17.2M | 0.01% |
510,554
+9,577
| +2% | +$337K |
|
329
United Parcel Service
UPS
$91.3B
| $16.8M | 0.01% |
108,064
+1,296
| +1% | +$224K |
|
330
Option Care Health
OPCH
$3.5B
| $16.8M | 0.01% |
520,603
+488,872
| +1,541% | +$16.5M |
|
331
Sarepta Therapeutics
SRPT
$1.73B
| $16.8M | 0.01% |
138,388
+1,148
| +0.8% | +$130K |
|
332
SiTime
SITM
$16.6B
| $16.6M | 0.01% |
145,031
+38,124
| +36% | +$4.7M |
|
|
FL
333
DELISTED
Foot Locker
FL
| $16.5M | 0.01% |
953,824
-15,846
| -2% | -$354K |
|
334
Freeport-McMoran
FCX
$99.5B
| $15.9M | 0.01% |
426,167
-83,784
| -16% | -$3.38M |
|
335
Concrete Pumping Holdings
BBCP
$494M
| $15.6M | 0.01% |
1,822,825
+22,290
| +1% | +$180K |
|
336
Tractor Supply
TSCO
$17.4B
| $15.6M | 0.01% |
383,080
-146,170
| -28% | -$6.33M |
|
337
BWX Technologies
BWXT
$15.6B
| $15M | 0.01% |
200,080
+98,335
| +97% | +$7.11M |
|
|
HRT
338
DELISTED
HireRight Holdings Corporation
HRT
| $15M | 0.01% |
1,576,599
+193,081
| +14% | +$1.99M |
|
339
Ascendis Pharma A/S
ASND
$16.1B
| $14.9M | 0.01% |
159,434
+37,363
| +31% | +$3.5M |
|
|
KRTX
340
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $14.7M | 0.01% |
86,670
+40,880
| +89% | +$7.69M |
|
341
Savara
SVRA
$1.12B
| $14.6M | 0.01% |
3,866,762
+1,192,730
| +45% | +$4.25M |
|
342
Cousins Properties
CUZ
$5.07B
| $14.5M | 0.01% |
713,227
+3,290
| +0.5% | +$75.3K |
|
|
OLK
343
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $14.5M | 0.01% |
980,836
-611,238
| -38% | -$10.2M |
|
344
First Bancorp
FBNC
$2.7B
| $14.4M | 0.01% |
512,418
+74,164
| +17% | +$2.27M |
|
345
Pembina Pipeline
PBA
$27.7B
| $14.4M | 0.01% |
478,499
-1,820
| -0.4% | -$56.1K |
|
346
Lifestance Health
LFST
$3.97B
| $14.1M | 0.01% |
2,046,358
+535,358
| +35% | +$4.34M |
|
347
Dorman Products
DORM
$4.33B
| $13.5M | 0.01% |
+178,292
| New | +$14.5M |
|
348
Hamilton Lane
HLNE
$5.56B
| $13.5M | 0.01% |
148,981
-58,467
| -28% | -$5.21M |
|
349
Bunge Global
BG
$20.5B
| $13.4M | 0.01% |
123,524
+905
| +0.7% | +$99.2K |
|
350
First Solar
FSLR
$25.4B
| $13.3M | 0.01% |
+82,423
| New | +$15.4M |
|
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.