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 | |
|---|---|---|---|---|---|---|
426
New Fortress Energy
NFE
$92.1M
| $5.42M | 0.01% |
137,031
-3,054
| -2% | -$132K |
|
427
Dollar General
DG
$28B
| $5.39M | 0.01% |
+21,960
| New | +$5.13M |
|
428
First Industrial Realty Trust
FR
$8.73B
| $5.37M | 0.01% |
+113,018
| New | +$6.19M |
|
|
MRUS
429
DELISTED
Merus
MRUS
| $5.32M | 0.01% |
+235,158
| New | +$4.91M |
|
430
Ameresco
AMRC
$1.12B
| $5.26M | 0.01% |
115,530
-2,603
| -2% | -$145K |
|
431
Sweetgreen
SG
$766M
| $5.08M | 0.01% |
436,201
+21,949
| +5% | +$463K |
|
432
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| $5.07M | 0.01% |
133,853
-2,254
| -2% | -$89.6K |
|
|
TE
433
T1 Energy
TE
$1.16B
| $4.78M | ﹤0.01% |
698,693
-13,691
| -2% | -$120K |
|
434
Intapp
INTA
$2.52B
| $4.54M | ﹤0.01% |
309,742
+8,134
| +3% | +$171K |
|
435
SOPHiA GENETICS
SOPH
$476M
| $4.49M | ﹤0.01% |
1,239,414
-259,626
| -17% | -$1.32M |
|
436
Alcoa
AA
$11.9B
| $4.38M | ﹤0.01% |
96,187
-137,263
| -59% | -$8.9M |
|
437
TFI International
TFII
$11.1B
| $4.22M | ﹤0.01% |
52,529
+4,545
| +9% | +$370K |
|
|
NESR
438
National Energy Services Reunited Corp
NESR
$2.72B
| $4.21M | ﹤0.01% |
620,819
-422,767
| -41% | -$3.08M |
|
|
LTHM
439
DELISTED
Livent Corporation
LTHM
| $4.19M | ﹤0.01% |
184,650
+33,645
| +22% | +$866K |
|
440
iShares MSCI ACWI ETF
ACWI
$32.9B
| $4.16M | ﹤0.01% |
49,544
-12,021
| -20% | -$1.09M |
|
441
Lockheed Martin
LMT
$134B
| $4.07M | ﹤0.01% |
+9,469
| New | +$4.16M |
|
442
Accenture
ACN
$102B
| $3.96M | ﹤0.01% |
14,257
+174
| +1% | +$52.3K |
|
443
State Street SPDR S&P Metals & Mining ETF
XME
$3.87B
| $3.94M | ﹤0.01% |
90,685
-34,783
| -28% | -$1.89M |
|
444
Plains All American Pipeline
PAA
$17.3B
| $3.81M | ﹤0.01% |
387,796
-8,754
| -2% | -$94.9K |
|
445
ProFrac Holding
ACDC
$731M
| $3.78M | ﹤0.01% |
+206,503
| New | +$4.05M |
|
|
WCN
446
Waste Connections
WCN
$42.2B
| $3.49M | ﹤0.01% |
28,131
+1,216
| +5% | +$158K |
|
447
Hudbay
HBM
$10.1B
| $3.33M | ﹤0.01% |
817,755
+196,676
| +32% | +$1.17M |
|
448
Warby Parker
WRBY
$3.28B
| $3.12M | ﹤0.01% |
276,675
-274,795
| -50% | -$5.52M |
|
449
Genesis Energy
GEL
$1.87B
| $3.05M | ﹤0.01% |
380,719
-8,594
| -2% | -$97K |
|
450
General Mills
GIS
$19.1B
| $2.98M | ﹤0.01% |
39,512
+12,444
| +46% | +$872K |
|
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.