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 | |
|---|---|---|---|---|---|---|
401
Domino's
DPZ
$12.1B
| $6.21M | 0.01% |
+16,388
| New | +$6.31M |
|
402
NeoGenomics
NEO
$2.02B
| $6.18M | 0.01% |
+502,083
| New | +$7.47M |
|
403
Vesta Real Estate
VTMX
$3.12B
| $6.12M | 0.01% |
186,278
+36,278
| +24% | +$1.29M |
|
404
Corpay
CPAY
$25.8B
| $6.1M | 0.01% |
23,872
-7,373
| -24% | -$1.93M |
|
405
Plains All American Pipeline
PAA
$16.3B
| $6.02M | 0.01% |
392,647
+7,365
| +2% | +$110K |
|
406
Lockheed Martin
LMT
$133B
| $5.96M | 0.01% |
14,578
-16,787
| -54% | -$7.45M |
|
407
TFI International
TFII
$11.5B
| $5.89M | 0.01% |
45,857
-14,095
| -24% | -$1.79M |
|
408
Core & Main
CNM
$8.71B
| $5.81M | ﹤0.01% |
201,478
-937,411
| -82% | -$28.9M |
|
409
BioLife Solutions
BLFS
$1.65B
| $5.59M | ﹤0.01% |
404,439
-301,681
| -43% | -$4.75M |
|
410
DoubleVerify
DV
$1.84B
| $5.53M | ﹤0.01% |
197,714
+2,888
| +1% | +$98.7K |
|
411
Intel
INTC
$510B
| $5.45M | ﹤0.01% |
+153,225
| New | +$5.34M |
|
412
Patterson-UTI
PTEN
$3.62B
| $5.38M | ﹤0.01% |
388,995
-2,047,982
| -84% | -$30M |
|
413
Kinder Morgan
KMI
$69.3B
| $5.35M | ﹤0.01% |
322,691
+6,053
| +2% | +$104K |
|
|
GOGN
414
DELISTED
GoGreen Investments Corporation
GOGN
| $5.28M | ﹤0.01% |
+452,817
| New | +$5.42M |
|
|
MAG
415
DELISTED
MAG Silver
MAG
| $5.11M | ﹤0.01% |
493,652
+26
| +0% | +$289 |
|
416
NextDecade
NEXT
$1.71B
| $5.03M | ﹤0.01% |
982,522
-440,844
| -31% | -$2.68M |
|
417
Hershey
HSY
$36.1B
| $4.8M | ﹤0.01% |
23,969
-99,663
| -81% | -$22.3M |
|
|
AXON
418
Axon Enterprise
AXON
$49.1B
| $4.77M | ﹤0.01% |
23,982
+21,215
| +767% | +$4.17M |
|
419
iShares MSCI ACWI ETF
ACWI
$33.4B
| $4.74M | ﹤0.01% |
51,273
+46,663
| +1,012% | +$4.48M |
|
420
Procore
PCOR
$8.46B
| $4.66M | ﹤0.01% |
+71,278
| New | +$4.76M |
|
421
Moelis & Co
MC
$5.14B
| $4.58M | ﹤0.01% |
101,551
-118,296
| -54% | -$5.57M |
|
422
IBM
IBM
$222B
| $4.52M | ﹤0.01% |
32,233
-6,592
| -17% | -$938K |
|
423
Service Corp International
SCI
$11.6B
| $4.5M | ﹤0.01% |
78,812
-25,227
| -24% | -$1.59M |
|
424
McCormick & Company Non-Voting
MKC
$14.1B
| $4.46M | ﹤0.01% |
58,972
-18,983
| -24% | -$1.59M |
|
425
Enphase Energy
ENPH
$5.15B
| $4.35M | ﹤0.01% |
36,217
-139,138
| -79% | -$19.8M |
|
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.