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 | |
|---|---|---|---|---|---|---|
401
Krystal Biotech
KRYS
$10.1B
| $6.84M | 0.01% |
+58,266
| New | +$5.95M |
|
402
TFI International
TFII
$11.1B
| $6.83M | 0.01% |
59,952
-644
| -1% | -$70.7K |
|
403
McCormick & Company Non-Voting
MKC
$13.7B
| $6.8M | 0.01% |
+77,955
| New | +$6.89M |
|
404
Service Corp International
SCI
$11.7B
| $6.72M | 0.01% |
104,039
+15,559
| +18% | +$1.04M |
|
405
Seres Therapeutics
MCRB
$46.8M
| $6.67M | 0.01% |
69,618
+36,381
| +109% | +$3.96M |
|
406
Xylem
XYL
$27.3B
| $6.67M | 0.01% |
59,204
| – | – |
|
407
CF Industries
CF
$19.2B
| $6.67M | 0.01% |
96,027
-27,429
| -22% | -$1.91M |
|
408
iShares Russell 1000 Growth ETF
IWF
$121B
| $6.53M | 0.01% |
94,872
-50,164
| -35% | -$3.19M |
|
|
AAT
409
American Assets Trust
AAT
$1.45B
| $6.48M | 0.01% |
337,516
-109,136
| -24% | -$2.04M |
|
410
TC Energy
TRP
$70.2B
| $6.42M | 0.01% |
158,813
-24,517
| -13% | -$1M |
|
411
EQT Corp
EQT
$33.3B
| $6.31M | 0.01% |
153,529
-1,265
| -0.8% | -$44.7K |
|
412
Mineralys Therapeutics
MLYS
$2.25B
| $6.06M | 0.01% |
355,475
| – | – |
|
413
KKR & Co
KKR
$91.1B
| $6.05M | 0.01% |
108,061
-26,395
| -20% | -$1.38M |
|
|
LTHM
414
DELISTED
Livent Corporation
LTHM
| $5.87M | ﹤0.01% |
214,027
-5,440
| -2% | -$130K |
|
415
General Mills
GIS
$19.1B
| $5.75M | ﹤0.01% |
74,965
+3,907
| +5% | +$334K |
|
|
NVRO
416
DELISTED
NEVRO CORP.
NVRO
| $5.53M | ﹤0.01% |
217,705
+9,090
| +4% | +$262K |
|
|
MAG
417
DELISTED
MAG Silver
MAG
| $5.5M | ﹤0.01% |
493,626
-951
| -0.2% | -$11.8K |
|
418
Kinder Morgan
KMI
$71.7B
| $5.45M | ﹤0.01% |
316,638
-154,425
| -33% | -$2.62M |
|
419
Toro Company
TTC
$8.75B
| $5.44M | ﹤0.01% |
53,548
+49,743
| +1,307% | +$5.1M |
|
420
Plains All American Pipeline
PAA
$17.3B
| $5.43M | ﹤0.01% |
385,282
-2,514
| -0.6% | -$33.2K |
|
421
Hudbay
HBM
$10.1B
| $5.36M | ﹤0.01% |
1,117,766
-1,879
| -0.2% | -$9.18K |
|
422
IBM
IBM
$211B
| $5.2M | ﹤0.01% |
38,825
-89,628
| -70% | -$11.6M |
|
423
Diageo
DEO
$49B
| $5.04M | ﹤0.01% |
29,074
-281
| -1% | -$50.2K |
|
|
CTLT
424
DELISTED
CATALENT, INC.
CTLT
| $4.86M | ﹤0.01% |
112,059
-11
| -0% | -$483 |
|
425
Vesta Real Estate
VTMX
$3.2B
| $4.83M | ﹤0.01% |
+150,000
| New | +$4.83M |
|
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.