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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Monolithic Power Systems
MPWR
$66.1B
| $11.9M | 0.01% |
32,624
-11,413
| -26% | -$5.08M |
|
377
Lockheed Martin
LMT
$134B
| $11.8M | 0.01% |
30,578
+21,109
| +223% | +$8.81M |
|
378
TechnipFMC
FTI
$27.2B
| $11.7M | 0.01% |
+1,380,046
| New | +$10.9M |
|
|
CTRA
379
DELISTED
Coterra Energy
CTRA
| $11.6M | 0.01% |
445,586
-127,759
| -22% | -$3.66M |
|
|
LFG
380
DELISTED
Archaea Energy Inc.
LFG
| $11.6M | 0.01% |
642,795
+146,646
| +30% | +$2.58M |
|
381
Q2 Holdings
QTWO
$3.97B
| $11.5M | 0.01% |
356,549
+112,476
| +46% | +$4.58M |
|
382
TC Energy
TRP
$66.6B
| $11.3M | 0.01% |
281,594
+89,623
| +47% | +$4.44M |
|
383
Moody's
MCO
$83.8B
| $11.2M | 0.01% |
45,937
+4,713
| +11% | +$1.37M |
|
384
Corning
GLW
$136B
| $11.1M | 0.01% |
382,931
-43,330
| -10% | -$1.47M |
|
385
Sysco
SYY
$40.6B
| $11M | 0.01% |
155,382
+19,668
| +14% | +$1.64M |
|
386
Bunge Global
BG
$20.6B
| $10.9M | 0.01% |
132,619
-29,547
| -18% | -$2.75M |
|
387
Atlantic Union Bankshares
AUB
$6.14B
| $10.9M | 0.01% |
357,622
-1,138
| -0.3% | -$38.3K |
|
388
ACV Auctions
ACVA
$1.34B
| $10.8M | 0.01% |
1,501,499
-10,753
| -0.7% | -$85.4K |
|
389
Concrete Pumping Holdings
BBCP
$492M
| $10.8M | 0.01% |
1,672,753
-6,315
| -0.4% | -$42.4K |
|
|
LPRO
390
DELISTED
Open Lending Corp
LPRO
| $10.4M | 0.01% |
1,297,657
+209,409
| +19% | +$2.11M |
|
|
NOVA
391
DELISTED
Sunnova Energy
NOVA
| $10.3M | 0.01% |
467,783
+107,767
| +30% | +$2.61M |
|
392
Intapp
INTA
$2.84B
| $10.3M | 0.01% |
550,306
+240,564
| +78% | +$3.78M |
|
393
Ameresco
AMRC
$1.39B
| $10.3M | 0.01% |
154,514
+38,984
| +34% | +$2.39M |
|
|
TE
394
T1 Energy
TE
$1.47B
| $10.1M | 0.01% |
706,555
+7,862
| +1% | +$87.8K |
|
395
Grab
GRAB
$15.1B
| $10M | 0.01% |
+3,815,178
| New | +$11.6M |
|
|
PACW
396
DELISTED
PacWest Bancorp
PACW
| $9.98M | 0.01% |
441,536
-619,916
| -58% | -$16.7M |
|
397
Oneok
OKE
$54.8B
| $9.8M | 0.01% |
191,222
+25,142
| +15% | +$1.5M |
|
|
SMAR
398
DELISTED
Smartsheet Inc.
SMAR
| $9.73M | 0.01% |
283,192
-29,347
| -9% | -$994K |
|
|
NVRO
399
DELISTED
NEVRO CORP.
NVRO
| $9.71M | 0.01% |
208,353
+915
| +0.4% | +$42.5K |
|
400
Pinterest
PINS
$13.1B
| $9.69M | 0.01% |
+415,847
| New | +$9.12M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.