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 | |
|---|---|---|---|---|---|---|
|
PXD
351
DELISTED
Pioneer Natural Resource Co.
PXD
| $15.8M | 0.02% |
68,996
-39,634
| -36% | -$9.64M |
|
352
Outset Medical
OM
$94.9M
| $15.8M | 0.02% |
40,682
-23,367
| -36% | -$6.59M |
|
353
Regal Rexnord
RRX
$12.2B
| $15.7M | 0.02% |
131,195
-53,174
| -29% | -$6.97M |
|
|
FOCS
354
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $15.7M | 0.02% |
420,669
+972
| +0.2% | +$34.6K |
|
355
National Vision
EYE
$1.85B
| $15.6M | 0.02% |
401,236
-61,847
| -13% | -$2.32M |
|
356
Enpro
NPO
$6.94B
| $15.5M | 0.02% |
+142,800
| New | +$15.4M |
|
357
Canadian National Railway
CNI
$77.1B
| $15.4M | 0.02% |
129,600
+3,569
| +3% | +$427K |
|
358
Take-Two Interactive
TTWO
$43.9B
| $15.3M | 0.02% |
146,899
-1,771
| -1% | -$192K |
|
359
Altimmune
ALT
$589M
| $15.3M | 0.02% |
928,813
+747,283
| +412% | +$8.39M |
|
360
BCE
BCE
$20.6B
| $15.1M | 0.02% |
343,541
-3,690
| -1% | -$166K |
|
|
CEQP
361
DELISTED
Crestwood Equity Partners LP
CEQP
| $15.1M | 0.02% |
575,684
| – | – |
|
362
Hexcel
HXL
$7.89B
| $15M | 0.02% |
+254,482
| New | +$14.6M |
|
363
Citi Trends
CTRN
$606M
| $14.9M | 0.02% |
562,459
+2,881
| +0.5% | +$67.8K |
|
|
HRT
364
DELISTED
HireRight Holdings Corporation
HRT
| $14.8M | 0.02% |
1,244,051
+156,855
| +14% | +$1.95M |
|
365
Nordson
NDSN
$17.3B
| $14.1M | 0.01% |
59,436
-25,398
| -30% | -$5.8M |
|
366
Avantor
AVTR
$9.04B
| $13.9M | 0.01% |
656,903
-716,990
| -52% | -$14.8M |
|
367
Kinetik
KNTK
$3.56B
| $13.7M | 0.01% |
415,083
| – | – |
|
|
CTLT
368
DELISTED
CATALENT, INC.
CTLT
| $13.6M | 0.01% |
301,853
-115,160
| -28% | -$6.26M |
|
|
RXDX
369
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $13.5M | 0.01% |
+122,438
| New | +$7.94M |
|
370
Intapp
INTA
$2.85B
| $13.5M | 0.01% |
539,872
-10,434
| -2% | -$231K |
|
371
Q2 Holdings
QTWO
$3.97B
| $13.4M | 0.01% |
498,171
+141,622
| +40% | +$3.96M |
|
372
Keurig Dr Pepper
KDP
$41.8B
| $13.4M | 0.01% |
374,928
-28,168
| -7% | -$1.06M |
|
373
Bio-Techne
TECH
$11.2B
| $13.3M | 0.01% |
160,972
-55,068
| -25% | -$4.37M |
|
374
Moody's
MCO
$83.8B
| $13M | 0.01% |
46,657
+720
| +2% | +$197K |
|
375
EOG Resources
EOG
$71.5B
| $12.6M | 0.01% |
97,342
+36,699
| +61% | +$4.88M |
|
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.