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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Ascendis Pharma A/S
ASND
$16B
| $1.67M | ﹤0.01% |
13,660
-499
| -4% | -$57.9K |
|
452
Sanmina
SANM
$10.7B
| $1.64M | ﹤0.01% |
28,654
-7,822
| -21% | -$463K |
|
453
Iridium Communications
IRDM
$5.13B
| $1.57M | ﹤0.01% |
30,598
+17,255
| +129% | +$866K |
|
454
CVB Financial
CVBF
$4.03B
| $1.55M | ﹤0.01% |
60,285
-1,543
| -2% | -$42K |
|
455
Adaptive Biotechnologies
ADPT
$3.91B
| $1.49M | ﹤0.01% |
195,036
+20,745
| +12% | +$161K |
|
456
Ares Management
ARES
$31.5B
| $1.48M | ﹤0.01% |
21,617
-2,221
| -9% | -$160K |
|
457
Hancock Whitney
HWC
$6.3B
| $1.46M | ﹤0.01% |
30,186
+13,349
| +79% | +$690K |
|
|
PCH
458
DELISTED
PotlatchDeltic
PCH
| $1.4M | ﹤0.01% |
31,777
-720
| -2% | -$32.6K |
|
459
Electronic Arts
EA
$52.9B
| $1.39M | ﹤0.01% |
+11,386
| New | +$1.43M |
|
460
Bally's
BALY
$686M
| $1.39M | ﹤0.01% |
71,483
-402,032
| -85% | -$8.83M |
|
461
New Jersey Resources
NJR
$5.59B
| $1.35M | ﹤0.01% |
27,148
+91
| +0.3% | +$4.16K |
|
462
General Mills
GIS
$19.2B
| $1.31M | ﹤0.01% |
15,573
-93,142
| -86% | -$7.59M |
|
463
First Financial Bancorp
FFBC
$3.61B
| $1.29M | ﹤0.01% |
53,142
+8,717
| +20% | +$214K |
|
464
Constellium
CSTM
$4.02B
| $1.27M | ﹤0.01% |
107,030
-2,726
| -2% | -$31.9K |
|
465
RPC Inc
RES
$1.28B
| $1.25M | ﹤0.01% |
140,940
-12,600
| -8% | -$114K |
|
|
DENN
466
DELISTED
Denny's
DENN
| $1.23M | ﹤0.01% |
133,696
-16,376
| -11% | -$177K |
|
467
RLI Corp
RLI
$5.77B
| $1.22M | ﹤0.01% |
+18,530
| New | +$1.15M |
|
468
J.M. Smucker
SJM
$12.7B
| $1.2M | ﹤0.01% |
7,593
-507
| -6% | -$75.5K |
|
469
Murphy Oil
MUR
$5.17B
| $1.19M | ﹤0.01% |
+27,745
| New | +$1.25M |
|
470
Option Care Health
OPCH
$3.55B
| $1.19M | ﹤0.01% |
39,548
+2,683
| +7% | +$83.3K |
|
471
Commercial Metals
CMC
$8.37B
| $1.16M | ﹤0.01% |
24,060
+1,802
| +8% | +$82.6K |
|
472
O-I Glass
OI
$1.15B
| $1.15M | ﹤0.01% |
69,111
-11,220
| -14% | -$181K |
|
473
Deckers Outdoor
DECK
$13.5B
| $1.13M | ﹤0.01% |
16,938
+6,936
| +69% | +$420K |
|
474
Golar LNG
GLNG
$5.11B
| $1.12M | ﹤0.01% |
49,344
+7,854
| +19% | +$197K |
|
475
OFG Bancorp
OFG
$2.25B
| $1.11M | ﹤0.01% |
40,304
-1,045
| -3% | -$28.7K |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.