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 | |
|---|---|---|---|---|---|---|
476
UFP Industries
UFPI
$5.24B
| $1.64M | ﹤0.01% |
24,083
-23
| -0.1% | -$1.73K |
|
477
Dell
DELL
$304B
| $1.62M | ﹤0.01% |
35,111
+20,995
| +149% | +$992K |
|
478
CNO Financial Group
CNO
$5.12B
| $1.6M | ﹤0.01% |
88,748
+21,743
| +32% | +$465K |
|
479
Black Hills Corp
BKH
$5.42B
| $1.6M | ﹤0.01% |
+22,024
| New | +$1.65M |
|
480
Associated Banc-Corp
ASB
$5.97B
| $1.58M | ﹤0.01% |
86,807
-16,755
| -16% | -$339K |
|
481
Korn Ferry
KFY
$4.22B
| $1.56M | ﹤0.01% |
26,933
+1,385
| +5% | +$84.1K |
|
482
Micron Technology
MU
$1.04T
| $1.46M | ﹤0.01% |
26,479
-4,289
| -14% | -$291K |
|
483
Cencora
COR
$61.7B
| $1.45M | ﹤0.01% |
+10,223
| New | +$1.56M |
|
|
WIRE
484
DELISTED
Encore Wire Corp
WIRE
| $1.44M | ﹤0.01% |
13,898
-1,387
| -9% | -$164K |
|
|
PCH
485
DELISTED
PotlatchDeltic
PCH
| $1.43M | ﹤0.01% |
32,414
+6,756
| +26% | +$349K |
|
486
American Well
AMWL
$230M
| $1.41M | ﹤0.01% |
16,276
-1,154
| -7% | -$86.1K |
|
487
Sprouts Farmers Market
SFM
$8.01B
| $1.4M | ﹤0.01% |
+55,198
| New | +$1.53M |
|
488
Innoviva
INVA
$1.53B
| $1.37M | ﹤0.01% |
92,933
-87
| -0.1% | -$1.43K |
|
489
UMB Financial
UMBF
$11.2B
| $1.36M | ﹤0.01% |
15,849
-1,856
| -10% | -$168K |
|
490
Ares Management
ARES
$31.3B
| $1.36M | ﹤0.01% |
23,874
-459,165
| -95% | -$31.8M |
|
491
Ziff Davis
ZD
$1.95B
| $1.32M | ﹤0.01% |
17,778
+1,496
| +9% | +$124K |
|
492
EXL Service
EXLS
$5.12B
| $1.3M | ﹤0.01% |
44,055
-14,995
| -25% | -$424K |
|
493
Murphy Oil
MUR
$5.35B
| $1.28M | ﹤0.01% |
42,526
-6,957
| -14% | -$268K |
|
494
Altimmune
ALT
$591M
| $1.28M | ﹤0.01% |
+109,464
| New | +$675K |
|
495
Old Dominion Freight Line
ODFL
$44.6B
| $1.27M | ﹤0.01% |
9,890
-7,316
| -43% | -$959K |
|
|
EVRI
496
DELISTED
Everi Holdings
EVRI
| $1.26M | ﹤0.01% |
77,514
+22,141
| +40% | +$390K |
|
497
Valley National Bancorp
VLY
$8.18B
| $1.26M | ﹤0.01% |
+120,949
| New | +$1.44M |
|
498
Simply Good Foods
SMPL
$997M
| $1.24M | ﹤0.01% |
+32,814
| New | +$1.3M |
|
499
Booz Allen Hamilton
BAH
$8.72B
| $1.22M | ﹤0.01% |
+13,444
| New | +$1.15M |
|
500
Belden
BDC
$5.02B
| $1.22M | ﹤0.01% |
22,805
-1,258
| -5% | -$67.3K |
|
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.