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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Constellium
CSTM
$3.76B
| $8.59M | 0.01% |
650,224
-145,456
| -18% | -$2.33M |
|
402
Corteva
CTVA
$52.6B
| $8.56M | 0.01% |
158,182
+42,822
| +37% | +$2.49M |
|
|
CEQP
403
DELISTED
Crestwood Equity Partners LP
CEQP
| $8.51M | 0.01% |
353,207
+157,339
| +80% | +$4.52M |
|
|
ETRN
404
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $8.42M | 0.01% |
1,324,078
-29,890
| -2% | -$231K |
|
405
Corpay
CPAY
$25B
| $7.96M | 0.01% |
37,908
+21,081
| +125% | +$5.02M |
|
406
Rush Street Interactive
RSI
$2.77B
| $7.93M | 0.01% |
1,697,357
+52,148
| +3% | +$310K |
|
407
Kinder Morgan
KMI
$71.7B
| $7.89M | 0.01% |
471,063
-10,634
| -2% | -$199K |
|
|
LFG
408
DELISTED
Archaea Energy Inc.
LFG
| $7.71M | 0.01% |
496,149
+160,865
| +48% | +$3.26M |
|
|
APTV.PRA
409
DELISTED
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
| $7.62M | 0.01% |
72,300
| – | – |
|
410
DaVita
DVA
$15.4B
| $7.48M | 0.01% |
+93,514
| New | +$9.46M |
|
411
BHP
BHP
$215B
| $7.45M | 0.01% |
132,614
-18,658
| -12% | -$1.16M |
|
412
Definitive Healthcare
DH
$72M
| $7.39M | 0.01% |
322,093
-927,128
| -74% | -$19.8M |
|
|
EVA
413
DELISTED
Enviva Inc.
EVA
| $7.02M | 0.01% |
122,716
-2,771
| -2% | -$209K |
|
414
Goosehead Insurance
GSHD
$2.2B
| $6.95M | 0.01% |
152,111
-7,564
| -5% | -$413K |
|
415
Hess Midstream
HESM
$5.24B
| $6.83M | 0.01% |
244,119
-5,511
| -2% | -$170K |
|
416
Mayville Engineering Co
MEC
$654M
| $6.8M | 0.01% |
878,255
+23,339
| +3% | +$198K |
|
|
NOVA
417
DELISTED
Sunnova Energy
NOVA
| $6.63M | 0.01% |
360,016
+57,320
| +19% | +$1.1M |
|
418
Diageo
DEO
$49B
| $6.47M | 0.01% |
37,136
-36,296
| -49% | -$6.9M |
|
|
DHR.PRB
419
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
| $6.45M | 0.01% |
4,872
| – | – |
|
|
ATVI
420
DELISTED
Activision Blizzard
ATVI
| $6.44M | 0.01% |
+82,765
| New | +$6.44M |
|
421
BioLife Solutions
BLFS
$1.53B
| $6.3M | 0.01% |
456,103
+33,761
| +8% | +$495K |
|
422
Intuit
INTU
$86.5B
| $6.18M | 0.01% |
16,033
-4,137
| -21% | -$1.71M |
|
|
NEE.PRQ
423
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
| $5.81M | 0.01% |
118,285
| – | – |
|
424
Ulta Beauty
ULTA
$22B
| $5.78M | 0.01% |
14,981
+10,536
| +237% | +$4.19M |
|
|
MAG
425
DELISTED
MAG Silver
MAG
| $5.52M | 0.01% |
452,167
-9,087
| -2% | -$133K |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.