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 | |
|---|---|---|---|---|---|---|
|
GDEN
351
DELISTED
Golden Entertainment
GDEN
| $13.3M | 0.01% |
389,455
+98,186
| +34% | +$3.77M |
|
|
GTLS
352
DELISTED
Chart Industries
GTLS
| $13.2M | 0.01% |
78,299
+9,199
| +13% | +$1.55M |
|
353
BCE
BCE
$20.6B
| $12.8M | 0.01% |
333,723
-6,736
| -2% | -$283K |
|
|
AXNX
354
DELISTED
Axonics, Inc. Common Stock
AXNX
| $12.7M | 0.01% |
225,957
+24,631
| +12% | +$1.39M |
|
355
Transocean
RIG
$5.69B
| $12.6M | 0.01% |
1,530,659
+331,953
| +28% | +$2.71M |
|
356
DT Midstream
DTM
$13.6B
| $12.2M | 0.01% |
231,289
+4,339
| +2% | +$226K |
|
357
Expro Ltd
XPRO
$1.83B
| $12.2M | 0.01% |
524,373
+61,121
| +13% | +$1.38M |
|
358
Immunovant
IMVT
$8.11B
| $12M | 0.01% |
+313,191
| New | +$7.08M |
|
359
Coupang
CPNG
$28.8B
| $11.9M | 0.01% |
698,523
-77,328
| -10% | -$1.39M |
|
360
Enterprise Financial Services Corp
EFSC
$2.42B
| $11.5M | 0.01% |
306,252
-213,097
| -41% | -$8.5M |
|
|
RVNC
361
DELISTED
Revance Therapeutics, Inc.
RVNC
| $11.4M | 0.01% |
997,616
-841,651
| -46% | -$16.2M |
|
362
Antero Midstream
AM
$10B
| $11.3M | 0.01% |
+946,425
| New | +$11.2M |
|
363
New Fortress Energy
NFE
$95.4M
| $11.2M | 0.01% |
341,210
+13,895
| +4% | +$408K |
|
|
TXNM
364
TXNM Energy Inc
TXNM
$5.91B
| $11.2M | 0.01% |
250,306
-8,153
| -3% | -$364K |
|
|
ATVI
365
DELISTED
Activision Blizzard
ATVI
| $11.1M | 0.01% |
118,418
-81,101
| -41% | -$7.4M |
|
366
Corteva
CTVA
$52.5B
| $10.9M | 0.01% |
212,796
+1,840
| +0.9% | +$97.4K |
|
|
ITCI
367
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $9.73M | 0.01% |
186,867
+24,094
| +15% | +$1.4M |
|
368
MaxLinear
MXL
$6.12B
| $9.58M | 0.01% |
430,689
-640,303
| -60% | -$16.3M |
|
369
Entegris
ENTG
$22.2B
| $9.53M | 0.01% |
+101,457
| New | +$10.2M |
|
370
AT&T
T
$158B
| $9.45M | 0.01% |
628,930
-188,337
| -23% | -$2.76M |
|
371
Veracyte
VCYT
$3.71B
| $9.32M | 0.01% |
+417,552
| New | +$10.7M |
|
|
AAMI
372
Acadian Asset Management
AAMI
$3.26B
| $9.26M | 0.01% |
477,425
+4,100
| +0.9% | +$84.7K |
|
373
Alibaba
BABA
$308B
| $9.18M | 0.01% |
105,811
-11,548
| -10% | -$1.06M |
|
374
iShares Russell 1000 Growth ETF
IWF
$127B
| $9M | 0.01% |
135,344
+40,472
| +43% | +$2.79M |
|
375
Canadian National Railway
CNI
$77.1B
| $8.93M | 0.01% |
82,431
-19,009
| -19% | -$2.18M |
|
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.