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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Altimmune
ALT
$589M
| $2.32M | ﹤0.01% |
181,530
+72,066
| +66% | +$1.06M |
|
452
Keysight
KEYS
$57.4B
| $2.24M | ﹤0.01% |
14,243
-911
| -6% | -$146K |
|
453
Cadence Design Systems
CDNS
$92.8B
| $2.22M | ﹤0.01% |
13,593
-1,497
| -10% | -$257K |
|
454
KLA
KLAC
$252B
| $2.21M | ﹤0.01% |
+72,850
| New | +$2.52M |
|
455
American Express
AXP
$236B
| $2.04M | ﹤0.01% |
15,147
-718
| -5% | -$109K |
|
456
Diageo
DEO
$49.2B
| $1.96M | ﹤0.01% |
11,510
-25,626
| -69% | -$4.59M |
|
457
CDW
CDW
$17.9B
| $1.9M | ﹤0.01% |
12,186
-385
| -3% | -$66K |
|
458
Black Hills Corp
BKH
$5.46B
| $1.86M | ﹤0.01% |
27,431
+5,407
| +25% | +$405K |
|
459
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $1.84M | ﹤0.01% |
51,166
+470
| +0.9% | +$17.8K |
|
460
Texas Pacific Land
TPL
$26.3B
| $1.83M | ﹤0.01% |
9,261
+5,742
| +163% | +$1.11M |
|
461
Robert Half
RHI
$4.15B
| $1.78M | ﹤0.01% |
23,277
-722
| -3% | -$56.4K |
|
462
UFP Industries
UFPI
$5.24B
| $1.75M | ﹤0.01% |
24,285
+202
| +0.8% | +$16.1K |
|
463
CNO Financial Group
CNO
$5.16B
| $1.74M | ﹤0.01% |
97,074
+8,326
| +9% | +$154K |
|
464
Jabil
JBL
$35.5B
| $1.7M | ﹤0.01% |
+29,498
| New | +$1.72M |
|
465
Sanmina
SANM
$10.7B
| $1.68M | ﹤0.01% |
36,476
-8,712
| -19% | -$406K |
|
466
Gen Digital
GEN
$16.7B
| $1.66M | ﹤0.01% |
+82,597
| New | +$1.91M |
|
467
Old Dominion Freight Line
ODFL
$44.8B
| $1.63M | ﹤0.01% |
13,064
+3,174
| +32% | +$439K |
|
|
NGM
468
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $1.6M | ﹤0.01% |
+122,430
| New | +$1.85M |
|
469
CVB Financial
CVBF
$4.03B
| $1.56M | ﹤0.01% |
+61,828
| New | +$1.61M |
|
470
First Commonwealth Financial
FCF
$2.19B
| $1.54M | ﹤0.01% |
120,232
-5,703
| -5% | -$79.9K |
|
471
Ares Management
ARES
$31.5B
| $1.48M | ﹤0.01% |
23,838
-36
| -0.2% | -$2.52K |
|
|
KW
472
DELISTED
Kennedy-Wilson Holdings
KW
| $1.47M | ﹤0.01% |
95,267
+784
| +0.8% | +$14.7K |
|
473
ONE Gas
OGS
$4.97B
| $1.47M | ﹤0.01% |
20,855
+150
| +0.7% | +$12.1K |
|
474
Ascendis Pharma A/S
ASND
$16B
| $1.46M | ﹤0.01% |
+14,159
| New | +$1.34M |
|
475
Sprouts Farmers Market
SFM
$7.94B
| $1.42M | ﹤0.01% |
51,058
-4,140
| -8% | -$118K |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.