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 | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Gen Digital
GEN
$17.5B
| $2.35M | ﹤0.01% |
88,680
-19,295
| -18% | -$531K |
|
477
Williams-Sonoma
WSM
$29.6B
| $2.35M | ﹤0.01% |
32,340
-868
| -3% | -$65.7K |
|
|
WWE
478
DELISTED
World Wrestling Entertainment
WWE
| $2.34M | ﹤0.01% |
+37,463
| New | +$2.07M |
|
479
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
| $2.33M | ﹤0.01% |
60,822
+14,736
| +32% | +$510K |
|
480
HP
HPQ
$27.5B
| $2.32M | ﹤0.01% |
63,963
-12,735
| -17% | -$470K |
|
|
KW
481
DELISTED
Kennedy-Wilson Holdings
KW
| $2.31M | ﹤0.01% |
94,848
-10,601
| -10% | -$244K |
|
482
Sanmina
SANM
$10.9B
| $2.27M | ﹤0.01% |
56,130
-3,157
| -5% | -$126K |
|
483
Robert Half
RHI
$4.37B
| $2.25M | ﹤0.01% |
19,705
+2,121
| +12% | +$245K |
|
484
Lattice Semiconductor
LSCC
$18.5B
| $2.23M | ﹤0.01% |
36,536
-1,911
| -5% | -$115K |
|
485
Bath & Body Works
BBWI
$4.1B
| $2.12M | ﹤0.01% |
44,316
+20,676
| +87% | +$1.12M |
|
486
Kforce
KFRC
$1.06B
| $2.12M | ﹤0.01% |
28,625
-1,110
| -4% | -$79.2K |
|
487
First Commonwealth Financial
FCF
$2.17B
| $2.1M | ﹤0.01% |
138,686
+54,919
| +66% | +$892K |
|
|
NS
488
DELISTED
NuStar Energy L.P.
NS
| $2.07M | ﹤0.01% |
143,431
-160,000
| -53% | -$2.58M |
|
489
Urban Edge Properties
UE
$2.73B
| $2.06M | ﹤0.01% |
107,571
-21,873
| -17% | -$405K |
|
490
Fulton Financial
FULT
$4.64B
| $2.05M | ﹤0.01% |
123,434
-21,358
| -15% | -$382K |
|
491
Murphy Oil
MUR
$4.78B
| $2M | ﹤0.01% |
49,483
-28,767
| -37% | -$985K |
|
492
Ethan Allen Interiors
ETD
$603M
| $1.94M | ﹤0.01% |
74,467
-7,740
| -9% | -$199K |
|
493
UFP Industries
UFPI
$5.19B
| $1.86M | ﹤0.01% |
24,106
-1,015
| -4% | -$84.7K |
|
|
TPH
494
DELISTED
Tri Pointe Homes
TPH
| $1.86M | ﹤0.01% |
92,538
+41,346
| +81% | +$960K |
|
495
International Bancshares
IBOC
$4.57B
| $1.84M | ﹤0.01% |
43,597
-3,957
| -8% | -$170K |
|
496
ONE Gas
OGS
$5.04B
| $1.84M | ﹤0.01% |
+20,831
| New | +$1.68M |
|
497
General Mills
GIS
$19.7B
| $1.83M | ﹤0.01% |
+27,068
| New | +$1.82M |
|
498
McKesson
MCK
$101B
| $1.83M | ﹤0.01% |
+5,989
| New | +$1.63M |
|
499
Innoviva
INVA
$1.48B
| $1.8M | ﹤0.01% |
93,020
-33,138
| -26% | -$592K |
|
500
NorthWestern Energy
NWE
$4.43B
| $1.8M | ﹤0.01% |
29,708
+7,115
| +31% | +$416K |
|
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.