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 | |
|---|---|---|---|---|---|---|
376
Republic Services
RSG
$63.8B
| $8.81M | 0.01% |
61,806
-1,210
| -2% | -$180K |
|
377
AvalonBay Communities
AVB
$27B
| $8.69M | 0.01% |
50,574
+35,981
| +247% | +$6.65M |
|
378
Devon Energy
DVN
$48.8B
| $8.65M | 0.01% |
181,354
+908
| +0.5% | +$45.7K |
|
379
Ameresco
AMRC
$1.39B
| $8.5M | 0.01% |
220,495
+7,962
| +4% | +$385K |
|
380
Citi Trends
CTRN
$602M
| $8.36M | 0.01% |
376,278
+121,134
| +47% | +$2.48M |
|
381
CF Industries
CF
$17.9B
| $8.32M | 0.01% |
97,045
+1,018
| +1% | +$80.4K |
|
382
Outset Medical
OM
$94.2M
| $8.29M | 0.01% |
50,813
+839
| +2% | +$198K |
|
|
SILK
383
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $8.1M | 0.01% |
540,612
+3,748
| +0.7% | +$78K |
|
384
Inspire Medical Systems
INSP
$1.74B
| $8.09M | 0.01% |
40,747
-51,671
| -56% | -$13M |
|
385
Riskified
RSKD
$702M
| $7.8M | 0.01% |
+1,742,111
| New | +$8.02M |
|
386
Corning
GLW
$136B
| $7.74M | 0.01% |
254,096
-4,976
| -2% | -$163K |
|
387
Dow Inc
DOW
$21.5B
| $7.45M | 0.01% |
144,545
-27,125
| -16% | -$1.46M |
|
388
Baidu
BIDU
$37.8B
| $7.42M | 0.01% |
55,203
-6,177
| -10% | -$866K |
|
389
State Street SPDR S&P Metals & Mining ETF
XME
$4.28B
| $7.37M | 0.01% |
140,463
-15,264
| -10% | -$791K |
|
390
Darden Restaurants
DRI
$23.8B
| $7.3M | 0.01% |
51,005
-25,721
| -34% | -$4.08M |
|
391
Xenon Pharmaceuticals
XENE
$6.2B
| $7.3M | 0.01% |
213,823
+25,432
| +13% | +$951K |
|
392
Atlantic Union Bankshares
AUB
$6.14B
| $7.24M | 0.01% |
251,491
-36,924
| -13% | -$1.1M |
|
393
Integra LifeSciences
IART
$1.38B
| $7.15M | 0.01% |
187,331
-179,513
| -49% | -$7.55M |
|
394
Armstrong World Industries
AWI
$7.84B
| $7.09M | 0.01% |
98,511
-40,068
| -29% | -$2.99M |
|
395
KKR & Co
KKR
$95.1B
| $6.66M | 0.01% |
108,061
| – | – |
|
|
TE
396
T1 Energy
TE
$1.47B
| $6.58M | 0.01% |
1,346,343
+14,553
| +1% | +$105K |
|
397
Marcus & Millichap
MMI
$1.17B
| $6.54M | 0.01% |
+223,046
| New | +$7.47M |
|
398
Ivanhoe Electric
IE
$1.69B
| $6.46M | 0.01% |
+543,101
| New | +$8.15M |
|
399
Hudbay
HBM
$11.5B
| $6.45M | 0.01% |
1,324,367
+206,601
| +18% | +$1.05M |
|
400
EQT Corp
EQT
$32B
| $6.24M | 0.01% |
153,672
+143
| +0.1% | +$5.92K |
|
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.