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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GOGN
426
DELISTED
GoGreen Investments Corporation
GOGN
| $4.47M | ﹤0.01% |
+452,817
| New | +$4.65M |
|
|
WCN
427
Waste Connections
WCN
$42.3B
| $4.42M | ﹤0.01% |
33,342
+4,725
| +17% | +$643K |
|
428
Vanguard Morningstar Growth ETF
VUG
$230B
| $4.36M | ﹤0.01% |
122,772
+109,350
| +815% | +$4.02M |
|
429
Newmont
NEM
$103B
| $4.36M | ﹤0.01% |
92,285
+4,115
| +5% | +$184K |
|
430
Array Technologies
ARRY
$924M
| $4.33M | ﹤0.01% |
+223,926
| New | +$4.25M |
|
|
NESR
431
National Energy Services Reunited Corp
NESR
$2.8B
| $4.32M | ﹤0.01% |
622,003
-3,628
| -0.6% | -$24K |
|
432
Hudbay
HBM
$11B
| $4.27M | ﹤0.01% |
844,970
+752
| +0.1% | +$3.62K |
|
433
State Street SPDR S&P Metals & Mining ETF
XME
$4.12B
| $4.11M | ﹤0.01% |
82,537
-3,961
| -5% | -$196K |
|
434
Hess Midstream
HESM
$5.23B
| $4.01M | ﹤0.01% |
133,902
| – | – |
|
435
Rush Street Interactive
RSI
$2.9B
| $3.75M | ﹤0.01% |
1,045,894
+18,261
| +2% | +$67.7K |
|
436
Seres Therapeutics
MCRB
$48.7M
| $3.74M | ﹤0.01% |
+33,422
| New | +$4.48M |
|
437
Sysco
SYY
$40.7B
| $3.62M | ﹤0.01% |
47,330
-108,052
| -70% | -$8.73M |
|
438
Factset
FDS
$9.59B
| $3.57M | ﹤0.01% |
8,904
-1,841
| -17% | -$784K |
|
439
AvalonBay Communities
AVB
$27B
| $3.43M | ﹤0.01% |
21,232
-45,971
| -68% | -$7.83M |
|
440
Prothena Corp
PRTA
$436M
| $2.97M | ﹤0.01% |
+49,241
| New | +$2.88M |
|
|
LTHM
441
DELISTED
Livent Corporation
LTHM
| $2.95M | ﹤0.01% |
148,711
-1,747
| -1% | -$47.8K |
|
442
Booz Allen Hamilton
BAH
$8.56B
| $2.49M | ﹤0.01% |
23,848
-27,419
| -53% | -$2.85M |
|
443
SOPHiA GENETICS
SOPH
$477M
| $2.49M | ﹤0.01% |
1,209,055
-34,193
| -3% | -$76.8K |
|
444
Keysight
KEYS
$55B
| $2.34M | ﹤0.01% |
13,661
-582
| -4% | -$99.2K |
|
445
State Street Energy Select Sector SPDR ETF
XLE
$38.4B
| $2.28M | ﹤0.01% |
52,208
+1,042
| +2% | +$45.4K |
|
446
Citigroup
C
$224B
| $2.04M | ﹤0.01% |
45,119
-879,084
| -95% | -$39.9M |
|
447
Coca-Cola
KO
$372B
| $2.02M | ﹤0.01% |
31,686
+23,492
| +287% | +$1.42M |
|
448
UFP Industries
UFPI
$5.18B
| $1.88M | ﹤0.01% |
23,680
-605
| -2% | -$46.2K |
|
449
CNO Financial Group
CNO
$5.12B
| $1.86M | ﹤0.01% |
81,566
-15,508
| -16% | -$335K |
|
450
Black Hills Corp
BKH
$5.42B
| $1.76M | ﹤0.01% |
25,009
-2,422
| -9% | -$163K |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.