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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
lululemon athletica
LULU
$13.7B
| $1.41B | 1.04% |
3,859,066
+106,577
| +3% | +$34.7M |
|
27
DexCom
DXCM
$34.3B
| $1.33B | 0.98% |
10,401,132
+4,730,528
| +83% | +$517M |
|
28
Home Depot
HD
$329B
| $1.26B | 0.93% |
4,219,197
-604,194
| -13% | -$210M |
|
29
Snap
SNAP
$9.18B
| $1.23B | 0.91% |
34,228,424
+120,553
| +0.4% | +$4.36M |
|
30
Meta Platforms (Facebook)
META
$1.47T
| $1.21B | 0.89% |
5,445,964
-1,736,031
| -24% | -$434M |
|
|
31
Broadcom
AVGO
$1.75T
| $1.17B | 0.86% |
18,605,730
+15,026,400
| +420% | +$893M |
|
32
TJX Companies
TJX
$149B
| $1.1B | 0.81% |
18,137,499
-299,706
| -2% | -$20.1M |
|
33
Snowflake
SNOW
$114B
| $1.04B | 0.76% |
4,524,821
-110,250
| -2% | -$28.5M |
|
34
TSMC
TSM
$2.17T
| $1.04B | 0.76% |
9,932,513
-335,141
| -3% | -$39.2M |
|
35
Match Group
MTCH
$9.54B
| $1.01B | 0.75% |
9,313,578
-3,181,078
| -25% | -$351M |
|
36
Chipotle Mexican Grill
CMG
$48.1B
| $967M | 0.71% |
30,566,100
+265,350
| +0.9% | +$7.99M |
|
37
Goldman Sachs
GS
$301B
| $964M | 0.71% |
2,921,367
+162,229
| +6% | +$57.3M |
|
38
S&P Global
SPGI
$131B
| $860M | 0.63% |
2,096,461
+427,534
| +26% | +$174M |
|
39
Target
TGT
$74.1B
| $830M | 0.61% |
3,913,076
-152,199
| -4% | -$32.9M |
|
40
Trade Desk
TTD
$6.38B
| $821M | 0.6% |
11,861,518
-709,265
| -6% | -$51.2M |
|
|
41
SLB Ltd
SLB
$85.1B
| $750M | 0.55% |
18,156,166
+17,648,324
| +3,475% | +$692M |
|
42
Abbott
ABT
$195B
| $716M | 0.53% |
6,052,143
+4,276,374
| +241% | +$530M |
|
43
Marriott International
MAR
$91.5B
| $651M | 0.48% |
3,705,862
-95,011
| -2% | -$15.8M |
|
|
NVO
44
Novo Nordisk
NVO
$202B
| $614M | 0.45% |
11,054,954
+9,724,598
| +731% | +$499M |
|
45
Workday
WDAY
$50.6B
| $593M | 0.44% |
2,477,891
-76,520
| -3% | -$18.2M |
|
46
Alcon
ALC
$34.8B
| $503M | 0.37% |
6,300,641
+963,007
| +18% | +$74.4M |
|
47
ConocoPhillips
COP
$157B
| $485M | 0.36% |
4,847,268
-609,039
| -11% | -$56M |
|
48
HubSpot
HUBS
$13B
| $472M | 0.35% |
993,637
-533,154
| -35% | -$258M |
|
49
KKR & Co
KKR
$97.6B
| $469M | 0.35% |
8,029,487
+1,956,767
| +32% | +$123M |
|
50
NextEra Energy
NEE
$171B
| $466M | 0.34% |
5,504,079
+1,463,944
| +36% | +$117M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.