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 | |
|---|---|---|---|---|---|---|
501
Oracle
ORCL
$416B
| $1.79M | ﹤0.01% |
21,622
-1,818
| -8% | -$147K |
|
502
Ulta Beauty
ULTA
$23.2B
| $1.77M | ﹤0.01% |
4,445
-1,054
| -19% | -$397K |
|
503
Hyatt Hotels
H
$16.9B
| $1.76M | ﹤0.01% |
+18,422
| New | +$1.73M |
|
|
WIRE
504
DELISTED
Encore Wire Corp
WIRE
| $1.74M | ﹤0.01% |
15,285
-2,165
| -12% | -$260K |
|
505
Vishay Intertechnology
VSH
$5.09B
| $1.73M | ﹤0.01% |
88,118
+1,969
| +2% | +$39.7K |
|
506
UMB Financial
UMBF
$11.2B
| $1.72M | ﹤0.01% |
17,705
-724
| -4% | -$73.9K |
|
507
EXL Service
EXLS
$5.11B
| $1.69M | ﹤0.01% |
59,050
-15,355
| -21% | -$391K |
|
508
Ironwood Pharmaceuticals
IRWD
$683M
| $1.69M | ﹤0.01% |
134,276
+8,949
| +7% | +$103K |
|
509
CNO Financial Group
CNO
$5.16B
| $1.68M | ﹤0.01% |
67,005
+9,686
| +17% | +$240K |
|
510
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $1.68M | ﹤0.01% |
3,421
-3,358
| -50% | -$1.63M |
|
511
Korn Ferry
KFY
$4.25B
| $1.66M | ﹤0.01% |
25,548
+183
| +0.7% | +$12.3K |
|
|
CIO
512
DELISTED
City Office REIT
CIO
| $1.6M | ﹤0.01% |
90,457
+5,900
| +7% | +$106K |
|
513
Ziff Davis
ZD
$1.94B
| $1.58M | ﹤0.01% |
16,282
+120
| +0.7% | +$12.3K |
|
514
Matsons
MATX
$6.15B
| $1.57M | ﹤0.01% |
13,020
-10,114
| -44% | -$1.02M |
|
515
A10 Networks
ATEN
$2.22B
| $1.56M | ﹤0.01% |
112,102
+16,471
| +17% | +$232K |
|
516
Tapestry
TPR
$32.2B
| $1.56M | ﹤0.01% |
+42,082
| New | +$1.61M |
|
517
Columbia Sportswear
COLM
$2.93B
| $1.54M | ﹤0.01% |
17,066
-11,360
| -40% | -$1.05M |
|
|
DENN
518
DELISTED
Denny's
DENN
| $1.49M | ﹤0.01% |
104,071
+13,351
| +15% | +$203K |
|
519
Hilltop Holdings
HTH
$2.28B
| $1.48M | ﹤0.01% |
50,372
+11,634
| +30% | +$381K |
|
|
DHR.PRA
520
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $1.48M | ﹤0.01% |
729
| – | – |
|
521
American Well
AMWL
$221M
| $1.47M | ﹤0.01% |
+17,430
| New | +$1.47M |
|
|
NVTA
522
DELISTED
Invitae Corporation
NVTA
| $1.46M | ﹤0.01% |
183,219
+114,526
| +167% | +$1.15M |
|
523
Avista
AVA
$3.25B
| $1.46M | ﹤0.01% |
+32,250
| New | +$1.42M |
|
524
Ovintiv
OVV
$16B
| $1.4M | ﹤0.01% |
+25,923
| New | +$1.12M |
|
|
PCH
525
DELISTED
PotlatchDeltic
PCH
| $1.35M | ﹤0.01% |
25,658
-13,477
| -34% | -$735K |
|
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.