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 | |
|---|---|---|---|---|---|---|
26
Vertex Pharmaceuticals
VRTX
$123B
| $1.34B | 1.1% |
3,805,641
-774,160
| -17% | -$261M |
|
27
Snowflake
SNOW
$98.1B
| $1.3B | 1.07% |
7,399,711
+1,206,014
| +19% | +$196M |
|
28
Airbnb
ABNB
$90.8B
| $1.15B | 0.95% |
8,992,991
+21,845
| +0.2% | +$2.56M |
|
|
29
ServiceNow
NOW
$120B
| $1.13B | 0.92% |
+10,029,285
| New | +$1B |
|
30
ASML
ASML
$596B
| $1.02B | 0.84% |
1,410,471
+36,094
| +3% | +$24.5M |
|
31
Home Depot
HD
$337B
| $1,000M | 0.82% |
3,217,965
-243,603
| -7% | -$72M |
|
32
Nike
NKE
$64.1B
| $953M | 0.78% |
8,636,501
-278,141
| -3% | -$32.5M |
|
33
DexCom
DXCM
$29B
| $936M | 0.77% |
7,282,187
+17,192
| +0.2% | +$2.08M |
|
34
Marriott International
MAR
$100B
| $858M | 0.7% |
4,669,165
-165,294
| -3% | -$28.7M |
|
|
35
MongoDB
MDB
$25.8B
| $817M | 0.67% |
1,988,733
+1,986,767
| +101,056% | +$579M |
|
36
American Tower
AMT
$83.5B
| $788M | 0.65% |
4,061,923
-1,057,337
| -21% | -$207M |
|
37
O'Reilly Automotive
ORLY
$75.1B
| $779M | 0.64% |
12,229,815
+1,503,945
| +14% | +$91.8M |
|
38
S&P Global
SPGI
$124B
| $770M | 0.63% |
1,921,164
-269,474
| -12% | -$98.5M |
|
39
TJX Companies
TJX
$179B
| $761M | 0.62% |
8,970,594
-2,449,143
| -21% | -$193M |
|
40
Goldman Sachs
GS
$289B
| $733M | 0.6% |
2,273,736
+745,654
| +49% | +$245M |
|
41
CrowdStrike
CRWD
$183B
| $708M | 0.58% |
19,290,760
-186,124
| -1% | -$6.48M |
|
|
42
Ulta Beauty
ULTA
$21.8B
| $661M | 0.54% |
1,404,684
+1,014,560
| +260% | +$497M |
|
43
Mobileye
MBLY
$2.02B
| $620M | 0.51% |
16,132,453
+7,421,694
| +85% | +$301M |
|
44
Trade Desk
TTD
$8.97B
| $569M | 0.47% |
7,368,984
-329,086
| -4% | -$22.3M |
|
45
Palo Alto Networks
PANW
$256B
| $536M | 0.44% |
4,194,928
+192,630
| +5% | +$20M |
|
46
Chipotle Mexican Grill
CMG
$43.9B
| $517M | 0.42% |
12,079,650
+207,700
| +2% | +$8.22M |
|
47
argenx
ARGX
$55.2B
| $446M | 0.37% |
1,143,378
+5,412
| +0.5% | +$2.13M |
|
48
Micron Technology
MU
$835B
| $401M | 0.33% |
6,358,942
+6,342,149
| +37,767% | +$408M |
|
49
Moody's
MCO
$83.7B
| $376M | 0.31% |
1,081,513
-151,862
| -12% | -$48.1M |
|
50
TSMC
TSM
$1.94T
| $375M | 0.31% |
3,718,953
+292,143
| +9% | +$27.2M |
|
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.