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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Canadian Pacific Kansas City
CP
$78.1B
| $2.94M | ﹤0.01% |
42,100
+1,063
| +3% | +$77K |
|
452
Applied Materials
AMAT
$403B
| $2.69M | ﹤0.01% |
29,539
+24,047
| +438% | +$2.64M |
|
453
Generac Holdings
GNRC
$11.6B
| $2.55M | ﹤0.01% |
12,096
+31
| +0.3% | +$7.62K |
|
454
Synopsys
SNPS
$74.4B
| $2.32M | ﹤0.01% |
7,648
+5,127
| +203% | +$1.55M |
|
455
Coca-Cola
KO
$377B
| $2.32M | ﹤0.01% |
+36,833
| New | +$2.33M |
|
456
Cadence Design Systems
CDNS
$93.6B
| $2.26M | ﹤0.01% |
15,090
+10,408
| +222% | +$1.57M |
|
457
AutoZone
AZO
$49.2B
| $2.24M | ﹤0.01% |
+1,044
| New | +$2.15M |
|
458
HEICO Corp Class A
HEI.A
$36B
| $2.24M | ﹤0.01% |
+21,242
| New | +$2.44M |
|
459
American Express
AXP
$227B
| $2.2M | ﹤0.01% |
15,865
-7,249
| -31% | -$1.2M |
|
460
Elevance Health
ELV
$81.5B
| $2.13M | ﹤0.01% |
+4,420
| New | +$2.19M |
|
461
Keysight
KEYS
$54.5B
| $2.09M | ﹤0.01% |
15,154
+10,446
| +222% | +$1.49M |
|
462
United Therapeutics
UTHR
$25.8B
| $1.99M | ﹤0.01% |
+8,427
| New | +$1.71M |
|
463
CDW
CDW
$18.9B
| $1.98M | ﹤0.01% |
+12,571
| New | +$2.11M |
|
464
MGM Resorts International
MGM
$11.4B
| $1.95M | ﹤0.01% |
67,209
-190,372
| -74% | -$6.83M |
|
465
Sanmina
SANM
$9.95B
| $1.84M | ﹤0.01% |
45,188
-10,942
| -19% | -$452K |
|
466
Vishay Intertechnology
VSH
$5.25B
| $1.83M | ﹤0.01% |
102,536
+14,418
| +16% | +$274K |
|
467
Ameriprise Financial
AMP
$48.3B
| $1.81M | ﹤0.01% |
+7,626
| New | +$2.04M |
|
468
State Street Energy Select Sector SPDR ETF
XLE
$39.6B
| $1.81M | ﹤0.01% |
50,696
-10,126
| -17% | -$406K |
|
469
Robert Half
RHI
$3.87B
| $1.8M | ﹤0.01% |
23,999
+4,294
| +22% | +$407K |
|
|
KW
470
DELISTED
Kennedy-Wilson Holdings
KW
| $1.79M | ﹤0.01% |
94,483
-365
| -0.4% | -$7.85K |
|
471
First Commonwealth Financial
FCF
$2.18B
| $1.69M | ﹤0.01% |
125,935
-12,751
| -9% | -$177K |
|
472
Kforce
KFRC
$1.02B
| $1.69M | ﹤0.01% |
27,540
-1,085
| -4% | -$74.1K |
|
473
ONE Gas
OGS
$4.87B
| $1.68M | ﹤0.01% |
20,705
-126
| -0.6% | -$10.8K |
|
|
BBT
474
Beacon Financial Corp
BBT
$2.66B
| $1.67M | ﹤0.01% |
67,580
+35,407
| +110% | +$918K |
|
475
Advanced Micro Devices
AMD
$776B
| $1.65M | ﹤0.01% |
21,583
+12,416
| +135% | +$1.16M |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.