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 | |
|---|---|---|---|---|---|---|
376
Armstrong World Industries
AWI
$7.38B
| $10.2M | 0.01% |
138,579
-134,439
| -49% | -$9.15M |
|
377
Lattice Semiconductor
LSCC
$17.6B
| $10.2M | 0.01% |
105,852
-44,276
| -29% | -$3.81M |
|
|
AXNX
378
DELISTED
Axonics, Inc. Common Stock
AXNX
| $10.2M | 0.01% |
201,326
| – | – |
|
379
Moelis & Co
MC
$4.97B
| $9.97M | 0.01% |
219,847
+1,640
| +0.8% | +$65.4K |
|
|
KRTX
380
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $9.93M | 0.01% |
+45,790
| New | +$9.81M |
|
|
AAMI
381
Acadian Asset Management
AAMI
$3.08B
| $9.92M | 0.01% |
473,325
+11,489
| +2% | +$256K |
|
382
Alibaba
BABA
$293B
| $9.78M | 0.01% |
117,359
-51,768
| -31% | -$4.53M |
|
383
Republic Services
RSG
$64.8B
| $9.65M | 0.01% |
63,016
| – | – |
|
384
Dow Inc
DOW
$21.9B
| $9.14M | 0.01% |
171,670
-67,051
| -28% | -$3.56M |
|
385
Corning
GLW
$119B
| $9.08M | 0.01% |
259,072
| – | – |
|
386
New Fortress Energy
NFE
$92.1M
| $8.77M | 0.01% |
327,315
-1,622
| -0.5% | -$47K |
|
387
Devon Energy
DVN
$52.1B
| $8.72M | 0.01% |
180,446
-47,239
| -21% | -$2.38M |
|
388
Savara
SVRA
$1.12B
| $8.54M | 0.01% |
+2,674,032
| New | +$6.29M |
|
389
Baidu
BIDU
$37.7B
| $8.4M | 0.01% |
61,380
-4,236
| -6% | -$555K |
|
390
Transocean
RIG
$5.89B
| $8.4M | 0.01% |
1,198,706
+22,350
| +2% | +$138K |
|
391
Crinetics Pharmaceuticals
CRNX
$8.84B
| $8.32M | 0.01% |
+461,497
| New | +$9.2M |
|
392
Expro Ltd
XPRO
$1.79B
| $8.21M | 0.01% |
463,252
-822
| -0.2% | -$14.8K |
|
393
State Street SPDR S&P Metals & Mining ETF
XME
$3.87B
| $7.91M | 0.01% |
155,727
+66,225
| +74% | +$3.25M |
|
394
Corpay
CPAY
$25B
| $7.84M | 0.01% |
31,245
+1,934
| +7% | +$441K |
|
395
Tandem Diabetes Care
TNDM
$1.34B
| $7.81M | 0.01% |
+318,427
| New | +$10.2M |
|
396
DoubleVerify
DV
$1.73B
| $7.58M | 0.01% |
+194,826
| New | +$6.29M |
|
397
Atlantic Union Bankshares
AUB
$6.02B
| $7.48M | 0.01% |
288,415
-34,880
| -11% | -$984K |
|
398
Starwood Property Trust
STWD
$5.92B
| $7.37M | 0.01% |
380,095
-1,125,022
| -75% | -$20M |
|
399
BWX Technologies
BWXT
$15.5B
| $7.28M | 0.01% |
+101,745
| New | +$6.65M |
|
400
Xenon Pharmaceuticals
XENE
$6.06B
| $7.25M | 0.01% |
+188,391
| New | +$7.49M |
|
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.