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 |
ServiceNow
NOW
|
+$1B |
| 2 |
Advanced Micro Devices
AMD
|
+$969M |
| 3 |
Meta Platforms (Facebook)
META
|
+$960M |
| 4 |
MongoDB
MDB
|
+$579M |
| 5 |
Ulta Beauty
ULTA
|
+$497M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$1.26B |
| 2 |
T-Mobile US
TMUS
|
+$1.04B |
| 3 |
SLB Ltd
SLB
|
+$936M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$858M |
| 5 |
Atlassian
TEAM
|
+$781M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.75% |
| 2 | Consumer Discretionary | 19.8% |
| 3 | Healthcare | 13.64% |
| 4 | Financials | 8.74% |
| 5 | Communication Services | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| $4.69M | ﹤0.01% |
187,691
-365
| -0.2% | -$9.56K |
|
427
Citi Trends
CTRN
$555M
| $4.51M | ﹤0.01% |
255,144
-316,768
| -55% | -$5.46M |
|
|
SLRN
428
DELISTED
ACELYRIN
SLRN
| $4.18M | ﹤0.01% |
+200,000
| New | +$4.09M |
|
429
Equinix
EQIX
$101B
| $4.16M | ﹤0.01% |
+5,307
| New | +$3.89M |
|
430
Canadian Pacific Kansas City
CP
$78.1B
| $4.16M | ﹤0.01% |
51,455
-16,653
| -24% | -$1.31M |
|
431
TXO Partners LP
TXO
$742M
| $4.09M | ﹤0.01% |
188,960
-521
| -0.3% | -$11.6K |
|
432
CSX Corp
CSX
$93.4B
| $4M | ﹤0.01% |
+117,231
| New | +$3.71M |
|
433
Prothena Corp
PRTA
$425M
| $3.36M | ﹤0.01% |
49,233
| – | – |
|
434
Nutrien
NTR
$33.2B
| $3.32M | ﹤0.01% |
56,272
-43,411
| -44% | -$2.76M |
|
435
Digital Realty Trust
DLR
$69.7B
| $3.09M | ﹤0.01% |
+27,109
| New | +$2.68M |
|
436
Deckers Outdoor
DECK
$13.2B
| $3.06M | ﹤0.01% |
34,746
-158,130
| -82% | -$12.7M |
|
437
AvalonBay Communities
AVB
$26.5B
| $2.76M | ﹤0.01% |
14,593
-134
| -0.9% | -$23.9K |
|
|
WCN
438
Waste Connections
WCN
$42.2B
| $2.39M | ﹤0.01% |
16,706
-884
| -5% | -$123K |
|
439
Ares Management
ARES
$28.9B
| $2.24M | ﹤0.01% |
23,270
+6,322
| +37% | +$546K |
|
440
Exelixis
EXEL
$13.3B
| $2.19M | ﹤0.01% |
+114,515
| New | +$2.21M |
|
441
SBA Communications
SBAC
$19.2B
| $2.1M | ﹤0.01% |
9,054
-25,766
| -74% | -$6.16M |
|
442
Coca-Cola
KO
$377B
| $2.07M | ﹤0.01% |
34,366
+4,646
| +16% | +$289K |
|
443
Synopsys
SNPS
$74.4B
| $2M | ﹤0.01% |
4,587
-859
| -16% | -$346K |
|
444
CNO Financial Group
CNO
$5.14B
| $1.94M | ﹤0.01% |
81,764
+10,688
| +15% | +$238K |
|
445
Clorox
CLX
$11.6B
| $1.86M | ﹤0.01% |
+11,708
| New | +$1.89M |
|
446
Rush Enterprises Class A
RUSHA
$6.2B
| $1.79M | ﹤0.01% |
44,173
-153,141
| -78% | -$5.62M |
|
447
Merit Medical Systems
MMSI
$5.08B
| $1.78M | ﹤0.01% |
21,321
+10,924
| +105% | +$889K |
|
448
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| $1.74M | ﹤0.01% |
42,966
-10,340
| -19% | -$421K |
|
449
Rambus
RMBS
$9.87B
| $1.72M | ﹤0.01% |
26,796
+5,592
| +26% | +$308K |
|
450
UFP Industries
UFPI
$4.9B
| $1.72M | ﹤0.01% |
17,677
+355
| +2% | +$29.6K |
|
Similar funds
Jennison Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Jennison Associates held 644 positions worth $122B, up 12% from $109B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q2 2023 filing shows 63 new, 244 increased, 244 reduced and 80 closed positions. Its largest new stake was ServiceNow: 10,029,285 shares worth $1.13B. The largest sale was Danaher, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q2 2023 buy was ServiceNow: 10,029,285 shares worth $1.13B.
- Jennison Associates added most to Advanced Micro Devices in Q2 2023, an estimated $969M increase.
- Jennison Associates's biggest Q2 2023 reduction was Danaher, cutting an estimated $1.26B.
- Jennison Associates fully exited Northrop Grumman in Q2 2023, selling an estimated $279M.
- Jennison Associates's ten largest holdings make up 42% of its $122B portfolio in Q2 2023.
- Jennison Associates opened 63 new positions and closed 80 in Q2 2023.
- Jennison Associates's portfolio value rose 12% quarter-over-quarter to $122B.
Based on Jennison Associates's 13F filing for Q2 2023, filed 3 Aug 2023.