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 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
SolarEdge
SEDG
$2.06B
| $4.27M | ﹤0.01% |
32,948
-29,076
| -47% | -$5.58M |
|
427
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $4.25M | ﹤0.01% |
90,349
+71,215
| +372% | +$3.48M |
|
428
TXO Partners LP
TXO
$750M
| $3.85M | ﹤0.01% |
189,362
+402
| +0.2% | +$8.61K |
|
|
LTHM
429
DELISTED
Livent Corporation
LTHM
| $3.65M | ﹤0.01% |
198,407
-15,620
| -7% | -$357K |
|
430
Exelixis
EXEL
$14.3B
| $3.57M | ﹤0.01% |
163,385
+48,870
| +43% | +$1.02M |
|
431
Canadian Pacific Kansas City
CP
$80.4B
| $3.41M | ﹤0.01% |
45,842
-5,613
| -11% | -$445K |
|
432
CSX Corp
CSX
$94.7B
| $3.12M | ﹤0.01% |
101,516
-15,715
| -13% | -$498K |
|
433
Synopsys
SNPS
$76.7B
| $3.05M | ﹤0.01% |
6,655
+2,068
| +45% | +$925K |
|
434
Prothena Corp
PRTA
$444M
| $2.68M | ﹤0.01% |
55,579
+6,346
| +13% | +$377K |
|
435
Coca-Cola
KO
$374B
| $2.6M | ﹤0.01% |
46,426
+12,060
| +35% | +$723K |
|
436
Ross Stores
ROST
$81.2B
| $2.5M | ﹤0.01% |
+22,135
| New | +$2.54M |
|
437
Lattice Semiconductor
LSCC
$18.2B
| $2.36M | ﹤0.01% |
27,431
-78,421
| -74% | -$7.08M |
|
438
Murphy Oil
MUR
$5.17B
| $2.17M | ﹤0.01% |
47,895
+17,152
| +56% | +$746K |
|
|
WCN
439
Waste Connections
WCN
$41.5B
| $1.99M | ﹤0.01% |
14,799
-1,907
| -11% | -$267K |
|
440
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $1.96M | ﹤0.01% |
43,440
+474
| +1% | +$20.7K |
|
441
Norfolk Southern
NSC
$76.8B
| $1.94M | ﹤0.01% |
+9,828
| New | +$2.12M |
|
|
BLD
442
DELISTED
TopBuild
BLD
| $1.92M | ﹤0.01% |
7,650
+6,609
| +635% | +$1.82M |
|
443
Rush Enterprises Class A
RUSHA
$6.36B
| $1.81M | ﹤0.01% |
44,345
+172
| +0.4% | +$7.11K |
|
444
CNO Financial Group
CNO
$5.16B
| $1.79M | ﹤0.01% |
75,412
-6,352
| -8% | -$153K |
|
|
TPH
445
DELISTED
Tri Pointe Homes
TPH
| $1.78M | ﹤0.01% |
65,242
+20,223
| +45% | +$621K |
|
446
Rambus
RMBS
$10.6B
| $1.63M | ﹤0.01% |
29,202
+2,406
| +9% | +$137K |
|
447
Ares Management
ARES
$31.5B
| $1.59M | ﹤0.01% |
15,467
-7,803
| -34% | -$789K |
|
448
Essential Properties Realty Trust
EPRT
$6.65B
| $1.58M | ﹤0.01% |
73,250
+4,611
| +7% | +$110K |
|
449
Sanmina
SANM
$10.7B
| $1.49M | ﹤0.01% |
27,382
+337
| +1% | +$19K |
|
450
Terex
TEX
$7.55B
| $1.45M | ﹤0.01% |
25,139
+4,433
| +21% | +$264K |
|
Similar funds
Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.