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 | |
|---|---|---|---|---|---|---|
26
Vertex Pharmaceuticals
VRTX
$121B
| $1.32B | 1.12% |
3,797,665
-7,976
| -0.2% | -$2.79M |
|
|
27
MongoDB
MDB
$27.1B
| $1.29B | 1.1% |
3,733,964
+1,745,231
| +88% | +$663M |
|
|
28
UnitedHealth
UNH
$376B
| $1.22B | 1.04% |
2,422,461
-1,188,190
| -33% | -$585M |
|
29
Airbnb
ABNB
$89.9B
| $1.21B | 1.03% |
8,825,128
-167,863
| -2% | -$23.2M |
|
30
Snowflake
SNOW
$102B
| $1.07B | 0.91% |
7,024,586
-375,125
| -5% | -$61.1M |
|
31
Home Depot
HD
$331B
| $949M | 0.81% |
3,140,208
-77,757
| -2% | -$25M |
|
32
Nike
NKE
$61.9B
| $811M | 0.69% |
8,478,642
-157,859
| -2% | -$16.2M |
|
33
TJX Companies
TJX
$174B
| $805M | 0.68% |
9,054,237
+83,643
| +0.9% | +$7.36M |
|
34
O'Reilly Automotive
ORLY
$72.9B
| $801M | 0.68% |
13,212,825
+983,010
| +8% | +$61.7M |
|
35
CrowdStrike
CRWD
$194B
| $797M | 0.68% |
19,036,092
-254,668
| -1% | -$9.9M |
|
36
argenx
ARGX
$53.4B
| $743M | 0.63% |
1,511,745
+368,367
| +32% | +$180M |
|
37
Marriott International
MAR
$98.3B
| $663M | 0.56% |
3,374,070
-1,295,095
| -28% | -$257M |
|
38
Mobileye
MBLY
$2.01B
| $632M | 0.54% |
15,199,232
-933,221
| -6% | -$35.9M |
|
39
American Tower
AMT
$80.8B
| $618M | 0.52% |
3,758,277
-303,646
| -7% | -$55.5M |
|
40
Trade Desk
TTD
$8.48B
| $595M | 0.5% |
7,607,798
+238,814
| +3% | +$19.3M |
|
41
ASML
ASML
$626B
| $585M | 0.5% |
994,313
-416,158
| -30% | -$276M |
|
42
Goldman Sachs
GS
$300B
| $580M | 0.49% |
1,793,259
-480,477
| -21% | -$161M |
|
43
Moody's
MCO
$82.8B
| $478M | 0.41% |
1,510,986
+429,473
| +40% | +$146M |
|
44
Ulta Beauty
ULTA
$22.1B
| $452M | 0.38% |
1,130,379
-274,305
| -20% | -$120M |
|
45
Micron Technology
MU
$931B
| $429M | 0.36% |
6,306,843
-52,099
| -0.8% | -$3.49M |
|
46
Chipotle Mexican Grill
CMG
$47.2B
| $412M | 0.35% |
11,232,900
-846,750
| -7% | -$33M |
|
|
47
DexCom
DXCM
$32.2B
| $400M | 0.34% |
4,292,166
-2,990,021
| -41% | -$337M |
|
|
48
HubSpot
HUBS
$12.2B
| $390M | 0.33% |
792,135
+696,469
| +728% | +$364M |
|
49
Applied Materials
AMAT
$403B
| $343M | 0.29% |
2,480,780
+793,610
| +47% | +$114M |
|
|
50
Arm
ARM
$256B
| $340M | 0.29% |
+6,352,109
| New | +$351M |
|
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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.