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 | |
|---|---|---|---|---|---|---|
426
James River Group Holdings
JRVR
$221M
| $9.45M | 0.01% |
+381,820
| New | +$9.75M |
|
427
Ameresco
AMRC
$1.36B
| $9.39M | 0.01% |
118,133
+2,549
| +2% | +$161K |
|
428
Kinder Morgan
KMI
$69.6B
| $9.11M | 0.01% |
481,697
| – | – |
|
|
NESR
429
National Energy Services Reunited Corp
NESR
$2.93B
| $8.77M | 0.01% |
1,043,586
+22,823
| +2% | +$217K |
|
|
TE
430
T1 Energy
TE
$1.59B
| $8.73M | 0.01% |
712,384
+13,683
| +2% | +$131K |
|
431
Mayville Engineering Co
MEC
$648M
| $8.01M | 0.01% |
854,916
+25,300
| +3% | +$287K |
|
432
Oshkosh
OSK
$9.47B
| $7.96M | 0.01% |
79,036
-60,899
| -44% | -$6.84M |
|
|
DHR.PRB
433
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
| $7.69M | 0.01% |
4,872
| – | – |
|
434
State Street SPDR S&P Metals & Mining ETF
XME
$4.24B
| $7.69M | 0.01% |
125,468
+11,697
| +10% | +$596K |
|
435
Norfolk Southern
NSC
$76.9B
| $7.68M | 0.01% |
26,924
-43,737
| -62% | -$12.1M |
|
436
Hess Midstream
HESM
$5.11B
| $7.49M | 0.01% |
249,630
+93,136
| +60% | +$2.81M |
|
|
MAG
437
DELISTED
MAG Silver
MAG
| $7.46M | 0.01% |
461,254
+11,921
| +3% | +$190K |
|
438
TC Energy
TRP
$66.6B
| $7.42M | 0.01% |
131,581
+859
| +0.7% | +$45.2K |
|
439
Philip Morris
PM
$294B
| $7.39M | 0.01% |
78,657
-1,305
| -2% | -$131K |
|
|
LFG
440
DELISTED
Archaea Energy Inc.
LFG
| $7.35M | 0.01% |
335,284
+110,103
| +49% | +$2M |
|
441
Intapp
INTA
$2.8B
| $7.24M | 0.01% |
301,608
+10,363
| +4% | +$226K |
|
442
Kennametal
KMT
$2.58B
| $7.04M | 0.01% |
246,057
-369,295
| -60% | -$12.1M |
|
443
Southern Copper
SCCO
$162B
| $6.98M | 0.01% |
99,244
+2,159
| +2% | +$138K |
|
|
NOVA
444
DELISTED
Sunnova Energy
NOVA
| $6.98M | 0.01% |
302,696
+45,609
| +18% | +$976K |
|
445
Corteva
CTVA
$51.1B
| $6.63M | ﹤0.01% |
+115,360
| New | +$5.9M |
|
446
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.89B
| $6.46M | ﹤0.01% |
136,107
+2,928
| +2% | +$131K |
|
447
PMV Pharmaceuticals
PMVP
$62.4M
| $6.32M | ﹤0.01% |
303,641
-211,337
| -41% | -$3.73M |
|
|
NEE.PRQ
448
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
| $6.21M | ﹤0.01% |
118,285
+342
| +0.3% | +$17.6K |
|
449
iShares MSCI ACWI ETF
ACWI
$33.3B
| $6.14M | ﹤0.01% |
61,565
-67,457
| -52% | -$6.72M |
|
450
Sunrun
RUN
$2.24B
| $6.08M | ﹤0.01% |
200,061
+4,483
| +2% | +$125K |
|
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.