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 | |
|---|---|---|---|---|---|---|
501
Harmonic Inc
HLIT
$1.25B
| $862K | ﹤0.01% |
53,309
+1,779
| +3% | +$28.6K |
|
502
Golar LNG
GLNG
$5B
| $855K | ﹤0.01% |
42,391
-3,006
| -7% | -$64.6K |
|
503
Gray Television
GTN
$415M
| $849K | ﹤0.01% |
107,780
+20,077
| +23% | +$154K |
|
504
NETSCOUT
NTCT
$2.96B
| $844K | ﹤0.01% |
27,282
+942
| +4% | +$27.7K |
|
505
Electronic Arts
EA
$53B
| $837K | ﹤0.01% |
6,455
-575
| -8% | -$72.8K |
|
506
Liberty Energy
LBRT
$3.05B
| $826K | ﹤0.01% |
61,752
+8,465
| +16% | +$110K |
|
507
California Resources
CRC
$4.67B
| $818K | ﹤0.01% |
+18,062
| New | +$733K |
|
|
WIRE
508
DELISTED
Encore Wire Corp
WIRE
| $804K | ﹤0.01% |
4,324
+18
| +0.4% | +$3.05K |
|
|
RC
509
Ready Capital
RC
$258M
| $800K | ﹤0.01% |
+70,951
| New | +$749K |
|
510
Frontdoor
FTDR
$5.1B
| $797K | ﹤0.01% |
+24,995
| New | +$744K |
|
511
COPT Defense Properties
CDP
$4.3B
| $797K | ﹤0.01% |
33,562
+2,097
| +7% | +$48.9K |
|
512
Pacific Biosciences
PACB
$435M
| $790K | ﹤0.01% |
59,408
-17,580
| -23% | -$214K |
|
513
Dorian LPG
LPG
$2.03B
| $786K | ﹤0.01% |
30,659
-675
| -2% | -$15.3K |
|
514
DigitalBridge
DBRG
$2.93B
| $786K | ﹤0.01% |
53,414
-32,528
| -38% | -$399K |
|
515
Regenxbio
RGNX
$620M
| $750K | ﹤0.01% |
37,532
+2,304
| +7% | +$44.4K |
|
|
516
Atlassian
TEAM
$25.6B
| $748K | ﹤0.01% |
4,458
-4,878,494
| -100% | -$781M |
|
517
Icon
ICLR
$12.6B
| $743K | ﹤0.01% |
2,969
-260,782
| -99% | -$55.4M |
|
518
8x8 Inc
EGHT
$269M
| $740K | ﹤0.01% |
174,875
+13,153
| +8% | +$47.4K |
|
519
Intellia Therapeutics
NTLA
$1.49B
| $735K | ﹤0.01% |
+18,028
| New | +$731K |
|
520
FirstService
FSV
$6.48B
| $733K | ﹤0.01% |
4,758
-50
| -1% | -$7.27K |
|
521
Haemonetics
HAE
$3.89B
| $732K | ﹤0.01% |
8,596
-823
| -9% | -$69.6K |
|
522
EXL Service
EXLS
$5.14B
| $727K | ﹤0.01% |
24,070
-1,545
| -6% | -$48.7K |
|
|
RDFN
523
DELISTED
Redfin
RDFN
| $726K | ﹤0.01% |
58,439
-26,341
| -31% | -$257K |
|
|
NEE.PRR
524
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $725K | ﹤0.01% |
16,000
| – | – |
|
525
SunCoke Energy
SXC
$720M
| $722K | ﹤0.01% |
91,788
+15,196
| +20% | +$119K |
|
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.