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 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
NMI Holdings
NMIH
$3.38B
| $1.43M | ﹤0.01% |
52,833
-8,915
| -14% | -$248K |
|
452
PPG Industries
PPG
$26.5B
| $1.39M | ﹤0.01% |
10,711
+6,052
| +130% | +$850K |
|
|
AAT
453
American Assets Trust
AAT
$1.42B
| $1.31M | ﹤0.01% |
67,173
-270,343
| -80% | -$5.68M |
|
454
Buckle
BKE
$2.34B
| $1.23M | ﹤0.01% |
36,854
+9,522
| +35% | +$334K |
|
455
Vishay Intertechnology
VSH
$5.09B
| $1.18M | ﹤0.01% |
47,786
+1,396
| +3% | +$37.6K |
|
456
Mueller Industries
MLI
$15.3B
| $1.14M | ﹤0.01% |
60,696
-6,080
| -9% | -$120K |
|
|
HTO
457
H2O America
HTO
$2.59B
| $1.13M | ﹤0.01% |
18,762
+6,292
| +50% | +$422K |
|
458
UFP Industries
UFPI
$5.24B
| $1.13M | ﹤0.01% |
11,003
-6,674
| -38% | -$674K |
|
459
Belden
BDC
$5.01B
| $1.11M | ﹤0.01% |
11,487
-1,005
| -8% | -$93.9K |
|
460
Innoviva
INVA
$1.51B
| $1.11M | ﹤0.01% |
85,071
+35,430
| +71% | +$460K |
|
461
Vanguard Morningstar Growth ETF
VUG
$230B
| $1.09M | ﹤0.01% |
24,102
-6,486
| -21% | -$306K |
|
462
Evertec
EVTC
$1.93B
| $1.09M | ﹤0.01% |
29,290
-5,390
| -16% | -$210K |
|
463
Frontdoor
FTDR
$5.36B
| $1.09M | ﹤0.01% |
35,560
+10,565
| +42% | +$350K |
|
|
GMS
464
DELISTED
GMS Inc
GMS
| $1.08M | ﹤0.01% |
16,812
+237
| +1% | +$16.4K |
|
465
Atkore
ATKR
$3.16B
| $1.06M | ﹤0.01% |
7,078
+101
| +1% | +$15.2K |
|
466
CoreCivic
CXW
$3.09B
| $1.05M | ﹤0.01% |
+93,503
| New | +$940K |
|
467
Academy Sports + Outdoors
ASO
$2.97B
| $1.04M | ﹤0.01% |
21,945
+9,598
| +78% | +$514K |
|
468
Dynatrace
DT
$14.8B
| $1.03M | ﹤0.01% |
22,064
+17,903
| +430% | +$879K |
|
469
APi Group
APG
$18.1B
| $1.03M | ﹤0.01% |
59,310
+23,515
| +66% | +$432K |
|
470
Ethan Allen Interiors
ETD
$614M
| $1.01M | ﹤0.01% |
33,811
-4,587
| -12% | -$142K |
|
471
Merit Medical Systems
MMSI
$5.21B
| $1M | ﹤0.01% |
14,523
-6,798
| -32% | -$489K |
|
472
CDW
CDW
$17.9B
| $964K | ﹤0.01% |
4,778
+3,202
| +203% | +$638K |
|
473
Commercial Metals
CMC
$8.37B
| $951K | ﹤0.01% |
19,257
-7,176
| -27% | -$390K |
|
474
SunCoke Energy
SXC
$816M
| $940K | ﹤0.01% |
92,597
+809
| +0.9% | +$7.32K |
|
475
American States Water
AWR
$3.33B
| $939K | ﹤0.01% |
11,940
+524
| +5% | +$44.6K |
|
Similar funds
Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.