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 | |
|---|---|---|---|---|---|---|
476
Ethan Allen Interiors
ETD
$622M
| $1.09M | ﹤0.01% |
38,398
-7,296
| -16% | -$198K |
|
477
Super Micro Computer
SMCI
$20.2B
| $1.07M | ﹤0.01% |
42,870
-44,080
| -51% | -$738K |
|
478
Adaptive Biotechnologies
ADPT
$3.94B
| $1.05M | ﹤0.01% |
155,792
+3,378
| +2% | +$25.1K |
|
479
Option Care Health
OPCH
$3.51B
| $1.03M | ﹤0.01% |
31,731
-979
| -3% | -$29.5K |
|
480
Apple Hospitality REIT
APLE
$3.9B
| $1.02M | ﹤0.01% |
+67,618
| New | +$1.03M |
|
481
Yelp
YELP
$1.42B
| $1M | ﹤0.01% |
+27,588
| New | +$890K |
|
|
SEM
482
DELISTED
Select Medical
SEM
| $996K | ﹤0.01% |
+58,000
| New | +$899K |
|
483
Green Brick Partners
GRBK
$3.15B
| $994K | ﹤0.01% |
17,501
-7,130
| -29% | -$332K |
|
484
American States Water
AWR
$3.31B
| $993K | ﹤0.01% |
+11,416
| New | +$1.02M |
|
485
Twist Bioscience
TWST
$7.01B
| $974K | ﹤0.01% |
+47,604
| New | +$713K |
|
486
Editas Medicine
EDIT
$431M
| $969K | ﹤0.01% |
117,781
+21,927
| +23% | +$191K |
|
487
Modine Manufacturing
MOD
$10.7B
| $964K | ﹤0.01% |
29,183
-9,267
| -24% | -$231K |
|
|
TWNK
488
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $963K | ﹤0.01% |
+38,028
| New | +$975K |
|
489
J.M. Smucker
SJM
$12.7B
| $960K | ﹤0.01% |
6,504
-52,682
| -89% | -$8.04M |
|
490
CBIZ
CBZ
$2.96B
| $953K | ﹤0.01% |
17,882
-3,765
| -17% | -$194K |
|
|
DCH
491
Dauch Corp
DCH
$1.44B
| $950K | ﹤0.01% |
114,848
+34,636
| +43% | +$257K |
|
492
O-I Glass
OI
$1.17B
| $946K | ﹤0.01% |
44,352
+10,164
| +30% | +$219K |
|
493
Buckle
BKE
$2.36B
| $946K | ﹤0.01% |
27,332
+6,577
| +32% | +$221K |
|
494
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $942K | ﹤0.01% |
19,134
-3,375
| -15% | -$166K |
|
|
AEL
495
DELISTED
American Equity Investment Life Holding Company
AEL
| $938K | ﹤0.01% |
18,008
-1,674
| -9% | -$67.3K |
|
496
Parsons
PSN
$5.07B
| $930K | ﹤0.01% |
19,321
-1,616
| -8% | -$73.7K |
|
497
BridgeBio Pharma
BBIO
$16.1B
| $927K | ﹤0.01% |
53,890
+13,666
| +34% | +$206K |
|
498
Pliant Therapeutics
PLRX
$65M
| $921K | ﹤0.01% |
50,824
-1,176,588
| -96% | -$27.9M |
|
499
Valaris
VAL
$5.36B
| $901K | ﹤0.01% |
+14,312
| New | +$863K |
|
|
HTO
500
H2O America
HTO
$2.57B
| $874K | ﹤0.01% |
+12,470
| New | +$942K |
|
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.