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 | |
|---|---|---|---|---|---|---|
501
Kforce
KFRC
$1.03B
| $908K | ﹤0.01% |
16,561
-417
| -2% | -$24.1K |
|
502
Evertec
EVTC
$1.98B
| $905K | ﹤0.01% |
+27,954
| New | +$919K |
|
503
EXL Service
EXLS
$5.17B
| $904K | ﹤0.01% |
26,685
-16,810
| -39% | -$584K |
|
504
Hilton Grand Vacations
HGV
$3.58B
| $903K | ﹤0.01% |
23,434
+3,946
| +20% | +$156K |
|
|
TMHC
505
DELISTED
Taylor Morrison
TMHC
| $902K | ﹤0.01% |
+29,725
| New | +$828K |
|
506
Atkore
ATKR
$3.16B
| $897K | ﹤0.01% |
7,913
-699
| -8% | -$73.2K |
|
507
UMB Financial
UMBF
$11.3B
| $886K | ﹤0.01% |
10,609
+181
| +2% | +$15.2K |
|
508
Gray Television
GTN
$437M
| $883K | ﹤0.01% |
+78,871
| New | +$978K |
|
509
Axcelis
ACLS
$4.31B
| $873K | ﹤0.01% |
10,997
-1,541
| -12% | -$109K |
|
510
Matador Resources
MTDR
$6.05B
| $858K | ﹤0.01% |
14,988
+10
| +0.1% | +$631 |
|
|
WIRE
511
DELISTED
Encore Wire Corp
WIRE
| $851K | ﹤0.01% |
6,183
-3,502
| -36% | -$485K |
|
|
ITCI
512
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $850K | ﹤0.01% |
16,054
-1,251
| -7% | -$62.7K |
|
|
MDRX
513
DELISTED
Veradigm Inc. Common Stock
MDRX
| $847K | ﹤0.01% |
48,008
-23,813
| -33% | -$399K |
|
514
Green Brick Partners
GRBK
$3.11B
| $830K | ﹤0.01% |
34,236
-881
| -3% | -$20.4K |
|
515
Paylocity
PCTY
$7.56B
| $829K | ﹤0.01% |
4,270
+707
| +20% | +$152K |
|
516
NETSCOUT
NTCT
$3.07B
| $827K | ﹤0.01% |
+25,452
| New | +$879K |
|
517
Editas Medicine
EDIT
$422M
| $824K | ﹤0.01% |
92,877
+36,483
| +65% | +$400K |
|
518
TriNet
TNET
$3.15B
| $823K | ﹤0.01% |
12,139
-2,781
| -19% | -$192K |
|
|
GMS
519
DELISTED
GMS Inc
GMS
| $815K | ﹤0.01% |
16,373
+26
| +0.2% | +$1.25K |
|
520
United Bankshares
UBSI
$6.77B
| $808K | ﹤0.01% |
19,952
+1,029
| +5% | +$41.7K |
|
|
NEE.PRR
521
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $803K | ﹤0.01% |
+16,000
| New | +$768K |
|
522
Kraft Heinz
KHC
$31.4B
| $803K | ﹤0.01% |
19,724
-1,315
| -6% | -$49.9K |
|
523
ACI Worldwide
ACIW
$5.8B
| $802K | ﹤0.01% |
+34,857
| New | +$751K |
|
524
MongoDB
MDB
$30.4B
| $802K | ﹤0.01% |
4,072
+2,352
| +137% | +$419K |
|
525
LXP Industrial Trust
LXP
$3.57B
| $801K | ﹤0.01% |
15,987
+1,152
| +8% | +$57.6K |
|
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.