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 | |
|---|---|---|---|---|---|---|
|
TIXT
351
DELISTED
TELUS International
TIXT
| $14.6M | 0.01% |
964,985
+84,740
| +10% | +$1.48M |
|
352
Concrete Pumping Holdings
BBCP
$490M
| $14.5M | 0.01% |
1,800,535
+156,375
| +10% | +$1.1M |
|
353
Lockheed Martin
LMT
$134B
| $14.4M | 0.01% |
31,365
-19,716
| -39% | -$9.15M |
|
354
Pinduoduo
PDD
$126B
| $14.4M | 0.01% |
207,562
-81,918
| -28% | -$5.63M |
|
355
Lifestance Health
LFST
$4B
| $13.8M | 0.01% |
1,511,000
+837,726
| +124% | +$6.96M |
|
356
Coupang
CPNG
$29.3B
| $13.5M | 0.01% |
775,851
-675,666
| -47% | -$11M |
|
357
First Bancorp
FBNC
$2.6B
| $13M | 0.01% |
438,254
-294,551
| -40% | -$9.31M |
|
358
AT&T
T
$159B
| $13M | 0.01% |
817,267
-11,405
| -1% | -$194K |
|
359
Darden Restaurants
DRI
$23.3B
| $12.8M | 0.01% |
+76,726
| New | +$12.1M |
|
360
Lazard
LAZ
$4.13B
| $12.8M | 0.01% |
398,621
-109,942
| -22% | -$3.4M |
|
361
SiTime
SITM
$16B
| $12.6M | 0.01% |
106,907
+68,651
| +179% | +$7.49M |
|
|
TE
362
T1 Energy
TE
$1.16B
| $12.5M | 0.01% |
1,331,790
+18,608
| +1% | +$140K |
|
363
Canadian National Railway
CNI
$76.9B
| $12.3M | 0.01% |
101,440
-4,706
| -4% | -$558K |
|
|
GDEN
364
DELISTED
Golden Entertainment
GDEN
| $12.2M | 0.01% |
+291,269
| New | +$12.2M |
|
365
Corteva
CTVA
$52.6B
| $12.1M | 0.01% |
210,956
-435
| -0.2% | -$25.4K |
|
366
NextDecade
NEXT
$1.79B
| $11.7M | 0.01% |
1,423,366
+215,241
| +18% | +$1.32M |
|
|
TXNM
367
TXNM Energy Inc
TXNM
$6.41B
| $11.7M | 0.01% |
258,459
+903
| +0.4% | +$42.5K |
|
368
Bunge Global
BG
$20.4B
| $11.6M | 0.01% |
122,619
-234
| -0.2% | -$21.7K |
|
369
DT Midstream
DTM
$14.1B
| $11.2M | 0.01% |
226,950
-103,097
| -31% | -$4.93M |
|
|
GTLS
370
DELISTED
Chart Industries
GTLS
| $11M | 0.01% |
69,100
+491
| +0.7% | +$62.8K |
|
|
NOVA
371
DELISTED
Sunnova Energy
NOVA
| $11M | 0.01% |
600,236
+7,340
| +1% | +$124K |
|
372
Ascendis Pharma A/S
ASND
$16B
| $10.9M | 0.01% |
122,071
+108,991
| +833% | +$9.49M |
|
|
BRKL
373
DELISTED
Brookline Bancorp
BRKL
| $10.6M | 0.01% |
1,211,840
+32,126
| +3% | +$293K |
|
374
Ameresco
AMRC
$1.12B
| $10.3M | 0.01% |
212,533
+2,872
| +1% | +$129K |
|
|
ITCI
375
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $10.3M | 0.01% |
162,773
+150,480
| +1,224% | +$9.38M |
|
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.