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 | |
|---|---|---|---|---|---|---|
476
Super Micro Computer
SMCI
$20.1B
| $939K | ﹤0.01% |
34,250
-8,620
| -20% | -$240K |
|
477
CBIZ
CBZ
$2.96B
| $936K | ﹤0.01% |
18,042
+160
| +0.9% | +$8.62K |
|
478
Trane Technologies
TT
$106B
| $928K | ﹤0.01% |
+4,571
| New | +$916K |
|
479
Ingevity
NGVT
$2.68B
| $921K | ﹤0.01% |
19,339
-1,499
| -7% | -$81.8K |
|
480
RPC Inc
RES
$1.3B
| $916K | ﹤0.01% |
102,477
-64,570
| -39% | -$539K |
|
481
Amkor Technology
AMKR
$13.7B
| $912K | ﹤0.01% |
40,332
+3,454
| +9% | +$91K |
|
482
Dorian LPG
LPG
$1.96B
| $906K | ﹤0.01% |
31,543
+884
| +3% | +$23.8K |
|
|
SEM
483
DELISTED
Select Medical
SEM
| $868K | ﹤0.01% |
63,746
+5,746
| +10% | +$88.7K |
|
|
DENN
484
DELISTED
Denny's
DENN
| $864K | ﹤0.01% |
101,950
+903
| +0.9% | +$9.14K |
|
|
DCH
485
Dauch Corp
DCH
$1.51B
| $853K | ﹤0.01% |
117,439
+2,591
| +2% | +$20.8K |
|
486
New Jersey Resources
NJR
$5.58B
| $829K | ﹤0.01% |
+20,405
| New | +$893K |
|
487
Deckers Outdoor
DECK
$13.3B
| $821K | ﹤0.01% |
9,582
-25,164
| -72% | -$2.25M |
|
|
HPP
488
Hudson Pacific Properties
HPP
$779M
| $820K | ﹤0.01% |
+17,617
| New | +$756K |
|
489
Parsons
PSN
$5.08B
| $810K | ﹤0.01% |
14,912
-4,409
| -23% | -$233K |
|
|
PDM
490
Piedmont Realty Trust
PDM
$1.19B
| $808K | ﹤0.01% |
143,823
-85,125
| -37% | -$584K |
|
|
WIRE
491
DELISTED
Encore Wire Corp
WIRE
| $796K | ﹤0.01% |
4,363
+39
| +0.9% | +$6.62K |
|
|
AZEK
492
DELISTED
The AZEK Co
AZEK
| $769K | ﹤0.01% |
25,873
+6,749
| +35% | +$212K |
|
493
Alkermes
ALKS
$8.25B
| $763K | ﹤0.01% |
+27,229
| New | +$798K |
|
|
CHX
494
DELISTED
ChampionX
CHX
| $758K | ﹤0.01% |
+21,288
| New | +$756K |
|
|
EA
495
DELISTED
Electronic Arts
EA
| $753K | ﹤0.01% |
6,255
-200
| -3% | -$25.2K |
|
496
O-I Glass
OI
$1.08B
| $749K | ﹤0.01% |
44,742
+390
| +0.9% | +$7.85K |
|
497
Green Brick Partners
GRBK
$3.14B
| $742K | ﹤0.01% |
17,882
+381
| +2% | +$19K |
|
498
Celldex Therapeutics
CLDX
$3.27B
| $740K | ﹤0.01% |
26,890
-1,302,205
| -98% | -$40.8M |
|
|
CVSA
499
Covista Inc
CVSA
$4.8B
| $738K | ﹤0.01% |
17,230
-1,474
| -8% | -$62.3K |
|
500
Adaptive Biotechnologies
ADPT
$3.97B
| $734K | ﹤0.01% |
134,625
-21,167
| -14% | -$140K |
|
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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.