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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Huron Consulting
HURN
$2.39B
| $20.2M | 0.01% |
441,347
+13,120
| +3% | +$605K |
|
352
Ciena
CIEN
$57.2B
| $20.2M | 0.01% |
333,320
+2,924
| +0.9% | +$191K |
|
|
LPRO
353
DELISTED
Open Lending Corp
LPRO
| $19.9M | 0.01% |
1,052,980
+75,934
| +8% | +$1.46M |
|
354
AvalonBay Communities
AVB
$26.6B
| $19.4M | 0.01% |
78,094
-16,011
| -17% | -$3.91M |
|
355
BCE
BCE
$21.2B
| $19M | 0.01% |
+343,433
| New | +$18.2M |
|
356
Warby Parker
WRBY
$3.31B
| $18.6M | 0.01% |
551,470
+105,847
| +24% | +$3.42M |
|
|
AMK
357
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $18.6M | 0.01% |
836,661
+75,181
| +10% | +$1.77M |
|
358
Citi Trends
CTRN
$600M
| $18.6M | 0.01% |
607,554
+19,839
| +3% | +$927K |
|
|
NUVA
359
DELISTED
NuVasive, Inc.
NUVA
| $18.3M | 0.01% |
323,556
-4,262
| -1% | -$226K |
|
360
Hamilton Lane
HLNE
$5.43B
| $18.2M | 0.01% |
235,869
+12,571
| +6% | +$1.05M |
|
361
Corning
GLW
$135B
| $18.2M | 0.01% |
492,096
+17,404
| +4% | +$679K |
|
362
Pinterest
PINS
$13.2B
| $18.1M | 0.01% |
736,486
-10,266
| -1% | -$280K |
|
363
Bio-Techne
TECH
$11.2B
| $18M | 0.01% |
166,068
+41,288
| +33% | +$4.26M |
|
364
Azenta
AZTA
$1.42B
| $17.9M | 0.01% |
215,457
-299,502
| -58% | -$25.7M |
|
365
Caterpillar
CAT
$394B
| $17.7M | 0.01% |
79,574
-33,055
| -29% | -$6.93M |
|
366
EOG Resources
EOG
$71.4B
| $17.1M | 0.01% |
143,219
+36,433
| +34% | +$4.06M |
|
|
TIXT
367
DELISTED
TELUS International
TIXT
| $17M | 0.01% |
687,532
+52,769
| +8% | +$1.4M |
|
|
HRT
368
DELISTED
HireRight Holdings Corporation
HRT
| $16.7M | 0.01% |
975,307
+254,352
| +35% | +$3.42M |
|
369
Boot Barn
BOOT
$4.97B
| $16.7M | 0.01% |
175,795
+4,817
| +3% | +$457K |
|
370
nLIGHT
LASR
$4.26B
| $16.6M | 0.01% |
959,866
+26,724
| +3% | +$503K |
|
371
Regal Rexnord
RRX
$11.9B
| $16.6M | 0.01% |
111,702
-23,712
| -18% | -$3.8M |
|
372
Bunge Global
BG
$20.9B
| $16.6M | 0.01% |
149,773
+3,218
| +2% | +$330K |
|
373
Arvinas
ARVN
$568M
| $16.1M | 0.01% |
238,774
-1,590
| -0.7% | -$108K |
|
|
MMP
374
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $16M | 0.01% |
325,150
| – | – |
|
375
Qiagen
QGEN
$8.61B
| $15.9M | 0.01% |
306,743
+14,606
| +5% | +$754K |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.