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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Booz Allen Hamilton
BAH
$8.65B
| $4.74M | ﹤0.01% |
51,267
+37,823
| +281% | +$3.58M |
|
427
TFI International
TFII
$11.5B
| $4.73M | ﹤0.01% |
52,248
-281
| -0.5% | -$27.2K |
|
|
OLK
428
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $4.64M | ﹤0.01% |
381,998
-268,093
| -41% | -$4.11M |
|
|
LTHM
429
DELISTED
Livent Corporation
LTHM
| $4.61M | ﹤0.01% |
150,458
-34,192
| -19% | -$958K |
|
430
iShares MSCI ACWI ETF
ACWI
$33.4B
| $4.48M | ﹤0.01% |
57,566
+8,022
| +16% | +$693K |
|
431
Factset
FDS
$9.89B
| $4.3M | ﹤0.01% |
10,745
+9,832
| +1,077% | +$4.16M |
|
432
Plains All American Pipeline
PAA
$16.3B
| $4.08M | ﹤0.01% |
387,796
| – | – |
|
433
SolarEdge
SEDG
$2.06B
| $4.08M | ﹤0.01% |
+17,628
| New | +$5.2M |
|
|
WCN
434
Waste Connections
WCN
$41.5B
| $3.87M | ﹤0.01% |
28,617
+486
| +2% | +$66.3K |
|
435
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $3.83M | ﹤0.01% |
95,767
-141,627
| -60% | -$6.3M |
|
436
Rush Street Interactive
RSI
$2.67B
| $3.78M | ﹤0.01% |
1,027,633
-669,724
| -39% | -$3.54M |
|
|
NESR
437
National Energy Services Reunited Corp
NESR
$2.84B
| $3.72M | ﹤0.01% |
625,631
+4,812
| +0.8% | +$32.3K |
|
438
Newmont
NEM
$110B
| $3.71M | ﹤0.01% |
88,170
-236,603
| -73% | -$11.1M |
|
439
State Street SPDR S&P Metals & Mining ETF
XME
$4.28B
| $3.67M | ﹤0.01% |
86,498
-4,187
| -5% | -$196K |
|
440
Corpay
CPAY
$25.8B
| $3.6M | ﹤0.01% |
20,404
-17,504
| -46% | -$3.75M |
|
441
Willis Towers Watson
WTW
$31.4B
| $3.59M | ﹤0.01% |
+17,852
| New | +$3.68M |
|
442
Hess Midstream
HESM
$5.15B
| $3.42M | ﹤0.01% |
133,902
-110,217
| -45% | -$3.15M |
|
443
Hudbay
HBM
$11.5B
| $3.39M | ﹤0.01% |
844,218
+26,463
| +3% | +$106K |
|
444
Accenture
ACN
$104B
| $3.27M | ﹤0.01% |
12,718
-1,539
| -11% | -$445K |
|
445
SOPHiA GENETICS
SOPH
$529M
| $3.27M | ﹤0.01% |
1,243,248
+3,834
| +0.3% | +$13.4K |
|
446
ProFrac Holding
ACDC
$814M
| $3.15M | ﹤0.01% |
207,127
+624
| +0.3% | +$11.2K |
|
447
Canadian Pacific Kansas City
CP
$80.4B
| $2.82M | ﹤0.01% |
42,278
+178
| +0.4% | +$13.4K |
|
|
NEE.PRQ
448
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
| $2.62M | ﹤0.01% |
53,955
-64,330
| -54% | -$3.36M |
|
449
Applied Materials
AMAT
$424B
| $2.52M | ﹤0.01% |
30,713
+1,174
| +4% | +$113K |
|
450
Goosehead Insurance
GSHD
$2.38B
| $2.43M | ﹤0.01% |
68,204
-83,907
| -55% | -$4.36M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.