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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
American Tower
AMT
$83.5B
| $1.09B | 1.09% |
4,254,374
+2,736,149
| +180% | +$687M |
|
|
27
SLB Ltd
SLB
$72.7B
| $1.03B | 1.03% |
28,917,488
+10,761,322
| +59% | +$449M |
|
28
Atlassian
TEAM
$26.5B
| $944M | 0.94% |
5,038,988
-997,163
| -17% | -$213M |
|
29
Uber
UBER
$145B
| $905M | 0.9% |
44,220,226
-5,467
| -0% | -$145K |
|
30
Goldman Sachs
GS
$289B
| $871M | 0.87% |
2,933,518
+12,151
| +0.4% | +$3.78M |
|
31
TJX Companies
TJX
$179B
| $809M | 0.81% |
14,476,340
-3,661,159
| -20% | -$222M |
|
32
Meta Platforms (Facebook)
META
$1.49T
| $783M | 0.78% |
4,856,478
-589,486
| -11% | -$114M |
|
33
S&P Global
SPGI
$124B
| $776M | 0.78% |
2,303,653
+207,192
| +10% | +$73.9M |
|
34
Snowflake
SNOW
$98.1B
| $745M | 0.74% |
5,358,911
+834,090
| +18% | +$132M |
|
35
Chipotle Mexican Grill
CMG
$43.9B
| $705M | 0.7% |
26,956,900
-3,609,200
| -12% | -$101M |
|
36
Marriott International
MAR
$100B
| $700M | 0.7% |
5,148,399
+1,442,537
| +39% | +$238M |
|
|
37
Intuitive Surgical
ISRG
$127B
| $645M | 0.64% |
3,215,740
-2,258,114
| -41% | -$530M |
|
38
DexCom
DXCM
$29B
| $638M | 0.64% |
8,563,611
-1,837,521
| -18% | -$168M |
|
39
argenx
ARGX
$55.2B
| $585M | 0.58% |
1,545,227
+527,812
| +52% | +$170M |
|
40
Trade Desk
TTD
$8.97B
| $556M | 0.56% |
13,275,750
+1,414,232
| +12% | +$77.5M |
|
41
TSMC
TSM
$1.94T
| $526M | 0.53% |
6,434,014
-3,498,499
| -35% | -$324M |
|
42
Vertex Pharmaceuticals
VRTX
$123B
| $499M | 0.5% |
1,772,568
+1,422,478
| +406% | +$381M |
|
43
O'Reilly Automotive
ORLY
$75.1B
| $472M | 0.47% |
11,202,060
+3,578,025
| +47% | +$154M |
|
44
KKR & Co
KKR
$89.1B
| $467M | 0.47% |
10,089,872
+2,060,385
| +26% | +$108M |
|
45
NextEra Energy
NEE
$185B
| $448M | 0.45% |
5,783,802
+279,723
| +5% | +$21.3M |
|
46
Alcon
ALC
$34B
| $444M | 0.44% |
6,352,820
+52,179
| +0.8% | +$3.81M |
|
47
ConocoPhillips
COP
$144B
| $412M | 0.41% |
4,592,042
-255,226
| -5% | -$26.3M |
|
48
Thermo Fisher Scientific
TMO
$214B
| $354M | 0.35% |
651,227
+525,014
| +416% | +$289M |
|
49
ASML
ASML
$596B
| $337M | 0.34% |
708,909
+579,419
| +447% | +$323M |
|
50
Cheniere Energy
LNG
$54.2B
| $331M | 0.33% |
2,490,452
+399,862
| +19% | +$54.5M |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.