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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Sysco
SYY
$40.4B
| $6M | ﹤0.01% |
73,493
-15,698
| -18% | -$1.27M |
|
452
New Fortress Energy
NFE
$98M
| $5.97M | ﹤0.01% |
140,085
-119,490
| -46% | -$3.22M |
|
|
CEQP
453
DELISTED
Crestwood Equity Partners LP
CEQP
| $5.86M | ﹤0.01% |
195,868
+70,697
| +56% | +$2.07M |
|
454
D.R. Horton
DHI
$40.8B
| $5.46M | ﹤0.01% |
73,280
-917,367
| -93% | -$79.6M |
|
455
Petrobras
PBR
$119B
| $5.36M | ﹤0.01% |
+362,332
| New | +$4.86M |
|
456
TFI International
TFII
$11.3B
| $5.11M | ﹤0.01% |
47,984
-264,743
| -85% | -$26.9M |
|
457
Hudbay
HBM
$11.7B
| $4.88M | ﹤0.01% |
+621,079
| New | +$4.82M |
|
458
Accenture
ACN
$105B
| $4.75M | ﹤0.01% |
14,083
-32
| -0.2% | -$10.8K |
|
459
Sibanye-Stillwater
SBSW
$7B
| $4.6M | ﹤0.01% |
283,498
+45,254
| +19% | +$733K |
|
460
Genesis Energy
GEL
$1.86B
| $4.56M | ﹤0.01% |
389,313
| – | – |
|
461
Krystal Biotech
KRYS
$9.55B
| $4.54M | ﹤0.01% |
+68,309
| New | +$4.26M |
|
462
American Express
AXP
$231B
| $4.32M | ﹤0.01% |
23,114
-2,490
| -10% | -$450K |
|
463
Plains All American Pipeline
PAA
$16.6B
| $4.27M | ﹤0.01% |
396,550
| – | – |
|
464
Corpay
CPAY
$26B
| $4.19M | ﹤0.01% |
16,827
+12,703
| +308% | +$3.01M |
|
|
LTHM
465
DELISTED
Livent Corporation
LTHM
| $3.94M | ﹤0.01% |
151,005
+3,965
| +3% | +$92.5K |
|
|
WCN
466
Waste Connections
WCN
$42.2B
| $3.76M | ﹤0.01% |
26,915
+665
| +3% | +$85.2K |
|
467
Generac Holdings
GNRC
$12.5B
| $3.59M | ﹤0.01% |
12,065
-5,624
| -32% | -$1.69M |
|
468
Canadian Pacific Kansas City
CP
$79.3B
| $3.38M | ﹤0.01% |
+41,037
| New | +$3.09M |
|
469
Lamb Weston
LW
$7.16B
| $3.37M | ﹤0.01% |
+56,302
| New | +$3.5M |
|
|
LVOX
470
DELISTED
LiveVox Holding, Inc. Class A Common Stock
LVOX
| $3.19M | ﹤0.01% |
1,055,178
+9,418
| +0.9% | +$41.3K |
|
471
Moderna
MRNA
$21.5B
| $3.03M | ﹤0.01% |
17,579
+12,426
| +241% | +$2.09M |
|
472
Old Dominion Freight Line
ODFL
$44B
| $2.57M | ﹤0.01% |
17,206
+5,228
| +44% | +$814K |
|
473
FedEx
FDX
$74.7B
| $2.53M | ﹤0.01% |
10,921
-258,792
| -96% | -$60.8M |
|
474
Micron Technology
MU
$996B
| $2.4M | ﹤0.01% |
30,768
+3,976
| +15% | +$339K |
|
475
Associated Banc-Corp
ASB
$5.88B
| $2.36M | ﹤0.01% |
103,562
-4,586
| -4% | -$111K |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.