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 | |
|---|---|---|---|---|---|---|
501
Hilltop Holdings
HTH
$2.26B
| $1.2M | ﹤0.01% |
44,953
-5,419
| -11% | -$154K |
|
|
JWN
502
DELISTED
Nordstrom
JWN
| $1.17M | ﹤0.01% |
+55,169
| New | +$1.41M |
|
503
Evertec
EVTC
$1.88B
| $1.16M | ﹤0.01% |
31,401
-37
| -0.1% | -$1.41K |
|
|
TPH
504
DELISTED
Tri Pointe Homes
TPH
| $1.14M | ﹤0.01% |
67,772
-24,766
| -27% | -$486K |
|
505
Regenxbio
RGNX
$620M
| $1.13M | ﹤0.01% |
45,568
+15,577
| +52% | +$389K |
|
506
Paychex
PAYX
$41.6B
| $1.11M | ﹤0.01% |
+9,777
| New | +$1.23M |
|
|
LVOX
507
DELISTED
LiveVox Holding, Inc. Class A Common Stock
LVOX
| $1.1M | ﹤0.01% |
664,951
-390,227
| -37% | -$961K |
|
508
Williams-Sonoma
WSM
$26.9B
| $1.1M | ﹤0.01% |
19,872
-12,468
| -39% | -$807K |
|
509
TriNet
TNET
$3.02B
| $1.08M | ﹤0.01% |
+13,897
| New | +$1.16M |
|
510
Werner Enterprises
WERN
$2.24B
| $1.07M | ﹤0.01% |
27,896
+5,197
| +23% | +$205K |
|
511
Atkore
ATKR
$2.46B
| $1.07M | ﹤0.01% |
12,903
-10
| -0.1% | -$994 |
|
|
SEM
512
DELISTED
Select Medical
SEM
| $1.07M | ﹤0.01% |
84,079
-6,304
| -7% | -$80.9K |
|
513
RPC Inc
RES
$1.24B
| $1.05M | ﹤0.01% |
+152,288
| New | +$1.45M |
|
|
DENN
514
DELISTED
Denny's
DENN
| $1.05M | ﹤0.01% |
121,088
+17,017
| +16% | +$188K |
|
515
Travel + Leisure Co
TNL
$4.66B
| $1.05M | ﹤0.01% |
+26,991
| New | +$1.33M |
|
516
Woodside Energy
WDS
$44.6B
| $1.03M | ﹤0.01% |
+48,027
| New | +$1.09M |
|
517
A10 Networks
ATEN
$2.13B
| $1.03M | ﹤0.01% |
71,933
-40,169
| -36% | -$582K |
|
518
OFG Bancorp
OFG
$2.23B
| $1.02M | ﹤0.01% |
+40,352
| New | +$1.08M |
|
519
SFL Corp
SFL
$1.64B
| $1.02M | ﹤0.01% |
107,525
-10,019
| -9% | -$104K |
|
|
ONEM
520
DELISTED
1Life Healthcare
ONEM
| $1.01M | ﹤0.01% |
128,993
+29,495
| +30% | +$253K |
|
521
Fortinet
FTNT
$119B
| $1M | ﹤0.01% |
+17,712
| New | +$1.05M |
|
522
Adient
ADNT
$1.65B
| $997K | ﹤0.01% |
+33,633
| New | +$1.13M |
|
|
BHVN
523
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $979K | ﹤0.01% |
+6,718
| New | +$858K |
|
|
BSX.PRA
524
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
| $975K | ﹤0.01% |
9,616
| – | – |
|
525
Orion
OEC
$381M
| $955K | ﹤0.01% |
+61,493
| New | +$1.03M |
|
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.