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 | |
|---|---|---|---|---|---|---|
376
Azenta
AZTA
$1.38B
| $12.6M | 0.01% |
215,704
-4,160
| -2% | -$213K |
|
|
AXNX
377
DELISTED
Axonics, Inc. Common Stock
AXNX
| $12.5M | 0.01% |
200,083
-128,460
| -39% | -$8.52M |
|
378
Atlantic Union Bankshares
AUB
$6.07B
| $12.3M | 0.01% |
350,775
-6,847
| -2% | -$234K |
|
379
Corteva
CTVA
$50.7B
| $12.3M | 0.01% |
209,634
+48,522
| +30% | +$3.07M |
|
380
Cogent Communications
CCOI
$663M
| $12.3M | 0.01% |
215,352
+80,164
| +59% | +$4.4M |
|
|
EVOP
381
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $12.2M | 0.01% |
360,382
-837,779
| -70% | -$28.2M |
|
382
ACV Auctions
ACVA
$1.4B
| $12.1M | 0.01% |
1,469,576
-31,923
| -2% | -$267K |
|
383
Dow Inc
DOW
$21.6B
| $11.6M | 0.01% |
230,488
-68,892
| -23% | -$3.37M |
|
384
Corning
GLW
$137B
| $11.6M | 0.01% |
362,963
-19,968
| -5% | -$648K |
|
|
TE
385
T1 Energy
TE
$1.52B
| $11.4M | 0.01% |
1,316,379
+609,824
| +86% | +$7.64M |
|
386
Bunge Global
BG
$20.2B
| $11.1M | 0.01% |
111,167
-21,452
| -16% | -$2.06M |
|
387
Ameresco
AMRC
$1.2B
| $11M | 0.01% |
192,324
+37,810
| +24% | +$2.3M |
|
388
New Fortress Energy
NFE
$95.9M
| $10.9M | 0.01% |
257,900
+73,353
| +40% | +$3.54M |
|
|
NOVA
389
DELISTED
Sunnova Energy
NOVA
| $10.7M | 0.01% |
594,789
+127,006
| +27% | +$2.56M |
|
390
Concrete Pumping Holdings
BBCP
$498M
| $9.59M | 0.01% |
1,639,302
-33,451
| -2% | -$222K |
|
391
Steel Dynamics
STLD
$37B
| $9.52M | 0.01% |
97,478
-624
| -0.6% | -$60K |
|
392
Moelis & Co
MC
$5.08B
| $9.46M | 0.01% |
246,531
-4,929
| -2% | -$200K |
|
393
Construction Partners
ROAD
$6.11B
| $9.43M | 0.01% |
+353,316
| New | +$10.1M |
|
|
VRNT
394
DELISTED
Verint Systems
VRNT
| $9.35M | 0.01% |
257,760
-195,217
| -43% | -$7.04M |
|
395
TC Energy
TRP
$68.6B
| $9.33M | 0.01% |
234,220
-47,374
| -17% | -$2.05M |
|
396
Xylem
XYL
$27.8B
| $9.12M | 0.01% |
+82,513
| New | +$8.65M |
|
397
iShares MSCI ACWI ETF
ACWI
$33.4B
| $9.11M | 0.01% |
107,286
+49,720
| +86% | +$4.18M |
|
398
SolarEdge
SEDG
$2.97B
| $9.05M | 0.01% |
31,943
+14,315
| +81% | +$3.8M |
|
|
LPRO
399
DELISTED
Open Lending Corp
LPRO
| $9.04M | 0.01% |
1,338,574
+40,917
| +3% | +$288K |
|
|
FFWM
400
DELISTED
First Foundation Inc
FFWM
| $8.85M | 0.01% |
617,253
-152,558
| -20% | -$2.36M |
|
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.