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 |
ServiceNow
NOW
|
+$1B |
| 2 |
Advanced Micro Devices
AMD
|
+$969M |
| 3 |
Meta Platforms (Facebook)
META
|
+$960M |
| 4 |
MongoDB
MDB
|
+$579M |
| 5 |
Ulta Beauty
ULTA
|
+$497M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$1.26B |
| 2 |
T-Mobile US
TMUS
|
+$1.04B |
| 3 |
SLB Ltd
SLB
|
+$936M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$858M |
| 5 |
Atlassian
TEAM
|
+$781M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.75% |
| 2 | Consumer Discretionary | 19.8% |
| 3 | Healthcare | 13.64% |
| 4 | Financials | 8.74% |
| 5 | Communication Services | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PDM
451
Piedmont Realty Trust
PDM
$1.21B
| $1.66M | ﹤0.01% |
228,948
+52,665
| +30% | +$351K |
|
452
Sanmina
SANM
$9.95B
| $1.63M | ﹤0.01% |
27,045
-558
| -2% | -$30.6K |
|
453
Essential Properties Realty Trust
EPRT
$6.77B
| $1.62M | ﹤0.01% |
+68,639
| New | +$1.67M |
|
454
NMI Holdings
NMIH
$3.33B
| $1.59M | ﹤0.01% |
61,748
+837
| +1% | +$20.3K |
|
|
ARI
455
Apollo Commercial Real Estate
ARI
$867M
| $1.53M | ﹤0.01% |
135,184
+19,391
| +17% | +$196K |
|
|
TPH
456
DELISTED
Tri Pointe Homes
TPH
| $1.48M | ﹤0.01% |
45,019
-12,943
| -22% | -$379K |
|
|
TMHC
457
DELISTED
Taylor Morrison
TMHC
| $1.46M | ﹤0.01% |
29,876
+533
| +2% | +$22.9K |
|
458
Mueller Industries
MLI
$14.7B
| $1.46M | ﹤0.01% |
66,776
-1,260
| -2% | -$23.9K |
|
459
Vanguard Morningstar Growth ETF
VUG
$220B
| $1.44M | ﹤0.01% |
30,588
-5,610
| -15% | -$243K |
|
460
Commercial Metals
CMC
$7.6B
| $1.39M | ﹤0.01% |
26,433
+2,096
| +9% | +$97.8K |
|
461
Vishay Intertechnology
VSH
$5.25B
| $1.36M | ﹤0.01% |
46,390
+22,178
| +92% | +$542K |
|
462
Evertec
EVTC
$1.88B
| $1.28M | ﹤0.01% |
34,680
-8,387
| -19% | -$291K |
|
|
DENN
463
DELISTED
Denny's
DENN
| $1.24M | ﹤0.01% |
101,047
-15,830
| -14% | -$180K |
|
464
Terex
TEX
$7.18B
| $1.24M | ﹤0.01% |
20,706
+5,075
| +32% | +$252K |
|
465
Ingevity
NGVT
$2.51B
| $1.21M | ﹤0.01% |
+20,838
| New | +$1.25M |
|
466
Belden
BDC
$4.85B
| $1.19M | ﹤0.01% |
12,492
+20
| +0.2% | +$1.71K |
|
467
RPC Inc
RES
$1.24B
| $1.19M | ﹤0.01% |
167,047
+10,985
| +7% | +$80.4K |
|
|
PCH
468
DELISTED
PotlatchDeltic
PCH
| $1.19M | ﹤0.01% |
22,499
-7,689
| -25% | -$370K |
|
469
Murphy Oil
MUR
$5.7B
| $1.18M | ﹤0.01% |
30,743
+2,678
| +10% | +$98.9K |
|
|
GMS
470
DELISTED
GMS Inc
GMS
| $1.15M | ﹤0.01% |
16,575
+243
| +1% | +$15K |
|
471
Flywire
FLYW
$1.98B
| $1.15M | ﹤0.01% |
36,907
+22,494
| +156% | +$675K |
|
|
ANSS
472
DELISTED
Ansys
ANSS
| $1.13M | ﹤0.01% |
3,408
+2,044
| +150% | +$648K |
|
473
Marten Transport
MRTN
$1.21B
| $1.11M | ﹤0.01% |
51,549
+757
| +1% | +$15.9K |
|
474
Amkor Technology
AMKR
$12.4B
| $1.1M | ﹤0.01% |
36,878
-11,373
| -24% | -$277K |
|
475
Atkore
ATKR
$2.46B
| $1.09M | ﹤0.01% |
6,977
+523
| +8% | +$68.6K |
|
Similar funds
Jennison Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Jennison Associates held 644 positions worth $122B, up 12% from $109B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q2 2023 filing shows 63 new, 244 increased, 244 reduced and 80 closed positions. Its largest new stake was ServiceNow: 10,029,285 shares worth $1.13B. The largest sale was Danaher, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q2 2023 buy was ServiceNow: 10,029,285 shares worth $1.13B.
- Jennison Associates added most to Advanced Micro Devices in Q2 2023, an estimated $969M increase.
- Jennison Associates's biggest Q2 2023 reduction was Danaher, cutting an estimated $1.26B.
- Jennison Associates fully exited Northrop Grumman in Q2 2023, selling an estimated $279M.
- Jennison Associates's ten largest holdings make up 42% of its $122B portfolio in Q2 2023.
- Jennison Associates opened 63 new positions and closed 80 in Q2 2023.
- Jennison Associates's portfolio value rose 12% quarter-over-quarter to $122B.
Based on Jennison Associates's 13F filing for Q2 2023, filed 3 Aug 2023.