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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BSX.PRA
476
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
| $1.1M | ﹤0.01% |
9,616
| – | – |
|
477
First Bancorp
FBP
$4.38B
| $1.1M | ﹤0.01% |
86,785
+25,374
| +41% | +$370K |
|
478
Steven Madden
SHOO
$3.55B
| $1.1M | ﹤0.01% |
34,315
+3,298
| +11% | +$103K |
|
479
Amkor Technology
AMKR
$13.7B
| $1.07M | ﹤0.01% |
44,683
+1,677
| +4% | +$38.9K |
|
480
Apple Hospitality REIT
APLE
$3.82B
| $1.06M | ﹤0.01% |
66,968
-5,154
| -7% | -$83.1K |
|
481
Marten Transport
MRTN
$1.22B
| $1.05M | ﹤0.01% |
52,914
+16,501
| +45% | +$329K |
|
482
Mueller Industries
MLI
$15.2B
| $1.05M | ﹤0.01% |
70,888
-14,348
| -17% | -$229K |
|
483
CBIZ
CBZ
$2.96B
| $1.03M | ﹤0.01% |
22,009
-558
| -2% | -$26.5K |
|
|
LTC
484
LTC Properties
LTC
$2.15B
| $1.03M | ﹤0.01% |
28,944
+9,673
| +50% | +$368K |
|
|
ZUO
485
DELISTED
Zuora, Inc.
ZUO
| $1.02M | ﹤0.01% |
160,131
+32,107
| +25% | +$227K |
|
486
Ziff Davis
ZD
$1.98B
| $998K | ﹤0.01% |
12,620
-4,934
| -28% | -$397K |
|
|
AEL
487
DELISTED
American Equity Investment Life Holding Company
AEL
| $983K | ﹤0.01% |
21,553
-8,767
| -29% | -$353K |
|
488
ONE Gas
OGS
$5.04B
| $982K | ﹤0.01% |
12,975
-7,880
| -38% | -$608K |
|
489
Innoviva
INVA
$1.48B
| $978K | ﹤0.01% |
73,801
-20,352
| -22% | -$268K |
|
490
Nelnet
NNI
$4.72B
| $977K | ﹤0.01% |
10,764
-276
| -3% | -$25K |
|
|
EVRI
491
DELISTED
Everi Holdings
EVRI
| $969K | ﹤0.01% |
67,551
+14,439
| +27% | +$240K |
|
492
8x8 Inc
EGHT
$332M
| $953K | ﹤0.01% |
220,562
+8,968
| +4% | +$36K |
|
493
Dorian LPG
LPG
$1.96B
| $952K | ﹤0.01% |
50,226
-8,957
| -15% | -$160K |
|
494
Regenxbio
RGNX
$708M
| $938K | ﹤0.01% |
41,355
-1,049
| -2% | -$23.7K |
|
495
Belden
BDC
$5.19B
| $934K | ﹤0.01% |
12,996
-791
| -6% | -$57.4K |
|
|
TPH
496
DELISTED
Tri Pointe Homes
TPH
| $928K | ﹤0.01% |
49,922
-16,134
| -24% | -$281K |
|
497
Ethan Allen Interiors
ETD
$603M
| $926K | ﹤0.01% |
35,032
-884
| -2% | -$22.8K |
|
|
ATSG
498
DELISTED
Air Transport Services Group
ATSG
| $919K | ﹤0.01% |
35,356
+7,363
| +26% | +$203K |
|
499
Red Rock Resorts
RRR
$3.62B
| $912K | ﹤0.01% |
22,804
-6,443
| -22% | -$265K |
|
|
BBT
500
Beacon Financial Corp
BBT
$2.66B
| $908K | ﹤0.01% |
30,384
-5,087
| -14% | -$150K |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.