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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXE
401
Expand Energy Corp
EXE
$21.3B
| $12.4M | 0.01% |
+143,070
| New | +$10.5M |
|
402
Natera
NTRA
$38B
| $12.4M | 0.01% |
304,768
-324,835
| -52% | -$19.5M |
|
403
Moelis & Co
MC
$4.98B
| $12.4M | 0.01% |
263,990
+7,381
| +3% | +$384K |
|
404
Merck
MRK
$317B
| $12.3M | 0.01% |
+150,137
| New | +$11.8M |
|
405
Rush Street Interactive
RSI
$2.9B
| $12M | 0.01% |
1,645,209
+69,701
| +4% | +$703K |
|
406
SOPHiA GENETICS
SOPH
$561M
| $11.6M | 0.01% |
1,499,040
+57,450
| +4% | +$645K |
|
|
ETRN
407
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $11.4M | 0.01% |
1,353,968
-810,196
| -37% | -$6.68M |
|
408
Concrete Pumping Holdings
BBCP
$488M
| $11.4M | 0.01% |
1,699,577
+114,876
| +7% | +$882K |
|
|
OLK
409
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $11.2M | 0.01% |
633,697
-123,057
| -16% | -$2.01M |
|
|
ENLC
410
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $11.2M | 0.01% |
+1,158,289
| New | +$9.86M |
|
411
Wyndham Hotels & Resorts
WH
$5.58B
| $10.9M | 0.01% |
+128,699
| New | +$11M |
|
412
MGM Resorts International
MGM
$11.4B
| $10.8M | 0.01% |
257,581
-189,288
| -42% | -$8.14M |
|
|
NVRO
413
DELISTED
NEVRO CORP.
NVRO
| $10.7M | 0.01% |
147,683
-165,001
| -53% | -$11.9M |
|
414
Energy Recovery
ERII
$450M
| $10.5M | 0.01% |
+522,155
| New | +$10.2M |
|
415
BHP
BHP
$223B
| $10.4M | 0.01% |
151,272
-39,797
| -21% | -$2.42M |
|
|
CVET
416
DELISTED
Covetrus, Inc. Common Stock
CVET
| $10.2M | 0.01% |
605,601
+17,784
| +3% | +$311K |
|
417
PENN Entertainment
PENN
$2.69B
| $10.1M | 0.01% |
239,134
+5,284
| +2% | +$241K |
|
|
FARO
418
DELISTED
Faro Technologies
FARO
| $10.1M | 0.01% |
194,533
+5,778
| +3% | +$323K |
|
419
Kirby Corp
KEX
$7.11B
| $10M | 0.01% |
+139,156
| New | +$9.28M |
|
|
EVA
420
DELISTED
Enviva Inc.
EVA
| $9.93M | 0.01% |
125,487
+27,018
| +27% | +$1.97M |
|
|
APTV.PRA
421
DELISTED
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
| $9.87M | 0.01% |
72,300
-32,144
| -31% | -$4.84M |
|
|
BKI
422
DELISTED
Black Knight, Inc. Common Stock
BKI
| $9.84M | 0.01% |
+169,703
| New | +$11.2M |
|
423
Intuit
INTU
$88.1B
| $9.7M | 0.01% |
20,170
-14,019
| -41% | -$7.18M |
|
424
Agnico Eagle Mines
AEM
$85B
| $9.62M | 0.01% |
157,137
+4,241
| +3% | +$230K |
|
425
BioLife Solutions
BLFS
$1.66B
| $9.6M | 0.01% |
422,342
-415,907
| -50% | -$10.9M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.