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 | |
|---|---|---|---|---|---|---|
401
Service Corp International
SCI
$11.7B
| $8.77M | 0.01% |
126,803
-113,295
| -47% | -$7.55M |
|
402
Kinder Morgan
KMI
$69.9B
| $8.52M | 0.01% |
471,063
| – | – |
|
|
NVRO
403
DELISTED
NEVRO CORP.
NVRO
| $8.09M | 0.01% |
204,350
-4,003
| -2% | -$166K |
|
404
Cameco
CCJ
$39.1B
| $7.99M | 0.01% |
352,344
-3,628
| -1% | -$85.3K |
|
405
California Resources
CRC
$4.63B
| $7.98M | 0.01% |
183,440
-803
| -0.4% | -$35.2K |
|
|
GTLS
406
DELISTED
Chart Industries
GTLS
| $7.9M | 0.01% |
68,567
-31,111
| -31% | -$5M |
|
|
APTV.PRA
407
DELISTED
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
| $7.76M | 0.01% |
72,300
| – | – |
|
|
MAG
408
DELISTED
MAG Silver
MAG
| $7.75M | 0.01% |
496,238
+43,264
| +10% | +$630K |
|
409
Nutrien
NTR
$31.7B
| $7.31M | 0.01% |
100,091
-15,936
| -14% | -$1.26M |
|
|
OSH
410
DELISTED
Oak Street Health, Inc.
OSH
| $7.3M | 0.01% |
339,428
-6,632
| -2% | -$139K |
|
411
ProFrac Holding
ACDC
$744M
| $7.01M | 0.01% |
278,281
+71,154
| +34% | +$1.57M |
|
412
Parker-Hannifin
PH
$126B
| $6.98M | 0.01% |
+23,977
| New | +$6.86M |
|
413
Rush Enterprises Class A
RUSHA
$6.29B
| $6.93M | 0.01% |
198,778
-317,060
| -61% | -$10.5M |
|
414
Diageo
DEO
$48.8B
| $6.9M | 0.01% |
38,731
+27,221
| +236% | +$4.78M |
|
415
TFI International
TFII
$11.1B
| $6.64M | 0.01% |
66,267
+14,019
| +27% | +$1.4M |
|
|
DHR.PRB
416
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
| $6.61M | 0.01% |
4,872
| – | – |
|
417
United Therapeutics
UTHR
$21.9B
| $6.6M | 0.01% |
23,736
+21,645
| +1,035% | +$5.46M |
|
|
SMAR
418
DELISTED
Smartsheet Inc.
SMAR
| $6.35M | 0.01% |
161,350
-121,842
| -43% | -$4.15M |
|
419
Sweetgreen
SG
$679M
| $5.96M | 0.01% |
695,586
+8,553
| +1% | +$125K |
|
420
Corpay
CPAY
$25.2B
| $5.89M | 0.01% |
32,086
+11,682
| +57% | +$2.14M |
|
421
iShares MSCI ACWI ex US ETF
ACWX
$11.7B
| $5.58M | 0.01% |
122,631
+26,864
| +28% | +$1.18M |
|
422
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.93B
| $5.46M | 0.01% |
188,331
-1,048
| -0.6% | -$30.5K |
|
423
American Express
AXP
$233B
| $5.38M | 0.01% |
36,441
+21,294
| +141% | +$3.16M |
|
424
Canadian Pacific Kansas City
CP
$79.7B
| $5.2M | 0.01% |
69,744
+27,466
| +65% | +$2.07M |
|
425
Plains All American Pipeline
PAA
$16.6B
| $4.56M | ﹤0.01% |
387,796
| – | – |
|
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.