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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
American Tower
AMT
$83.1B
| $998M | 0.99% |
4,649,348
+394,974
| +9% | +$101M |
|
27
Broadcom
AVGO
$1.79T
| $986M | 0.98% |
22,216,250
-202,230
| -0.9% | -$10.3M |
|
28
Snowflake
SNOW
$99.5B
| $926M | 0.92% |
5,450,812
+91,901
| +2% | +$15.2M |
|
29
SLB Ltd
SLB
$73.2B
| $903M | 0.9% |
25,140,165
-3,777,323
| -13% | -$137M |
|
30
Trade Desk
TTD
$9.02B
| $884M | 0.88% |
14,797,740
+1,521,990
| +11% | +$86.6M |
|
31
Abbott
ABT
$187B
| $858M | 0.85% |
8,871,122
-2,053,982
| -19% | -$219M |
|
32
Goldman Sachs
GS
$290B
| $852M | 0.85% |
2,908,002
-25,516
| -0.9% | -$8.27M |
|
33
Chipotle Mexican Grill
CMG
$43.7B
| $816M | 0.81% |
27,142,350
+185,450
| +0.7% | +$5.75M |
|
34
TJX Companies
TJX
$179B
| $784M | 0.78% |
12,617,705
-1,858,635
| -13% | -$117M |
|
35
Marriott International
MAR
$100B
| $743M | 0.74% |
5,301,911
+153,512
| +3% | +$23.4M |
|
36
S&P Global
SPGI
$125B
| $712M | 0.71% |
2,333,284
+29,631
| +1% | +$10.6M |
|
|
37
Nike
NKE
$64.1B
| $643M | 0.64% |
7,738,814
-5,375,535
| -41% | -$579M |
|
38
Meta Platforms (Facebook)
META
$1.49T
| $640M | 0.64% |
4,713,525
-142,953
| -3% | -$23.2M |
|
39
Netflix
NFLX
$305B
| $612M | 0.61% |
26,011,280
+11,374,710
| +78% | +$253M |
|
40
Intuitive Surgical
ISRG
$126B
| $600M | 0.6% |
3,200,169
-15,571
| -0.5% | -$3.34M |
|
41
DexCom
DXCM
$28.9B
| $559M | 0.56% |
6,943,376
-1,620,235
| -19% | -$137M |
|
42
argenx
ARGX
$55B
| $547M | 0.54% |
1,549,065
+3,838
| +0.2% | +$1.42M |
|
43
O'Reilly Automotive
ORLY
$75.3B
| $501M | 0.5% |
10,677,765
-524,295
| -5% | -$24.4M |
|
44
NextEra Energy
NEE
$184B
| $488M | 0.49% |
6,223,897
+440,095
| +8% | +$37.3M |
|
45
ASML
ASML
$604B
| $482M | 0.48% |
1,159,495
+450,586
| +64% | +$226M |
|
46
ConocoPhillips
COP
$144B
| $429M | 0.43% |
4,191,088
-400,954
| -9% | -$40M |
|
47
KKR & Co
KKR
$89.4B
| $424M | 0.42% |
9,870,372
-219,500
| -2% | -$11.1M |
|
48
Nu Holdings
NU
$67.9B
| $415M | 0.41% |
94,293,389
+40,195,640
| +74% | +$185M |
|
49
Thermo Fisher Scientific
TMO
$213B
| $400M | 0.4% |
788,112
+136,885
| +21% | +$76.6M |
|
|
50
Northrop Grumman
NOC
$76.2B
| $382M | 0.38% |
812,239
+749,660
| +1,198% | +$357M |
|
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Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.