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 | |
|---|---|---|---|---|---|---|
526
CBIZ
CBZ
$2.99B
| $952K | ﹤0.01% |
23,822
+3,016
| +14% | +$122K |
|
527
Alkermes
ALKS
$8.22B
| $938K | ﹤0.01% |
31,490
-1,730
| -5% | -$49.7K |
|
528
Tapestry
TPR
$30.8B
| $921K | ﹤0.01% |
30,174
-11,908
| -28% | -$390K |
|
529
Mueller Industries
MLI
$14.7B
| $919K | ﹤0.01% |
+68,976
| New | +$934K |
|
530
California Water Service
CWT
$3B
| $914K | ﹤0.01% |
+16,455
| New | +$887K |
|
|
VGR
531
DELISTED
Vector Group Ltd.
VGR
| $913K | ﹤0.01% |
86,918
-79
| -0.1% | -$949 |
|
532
BP
BP
$116B
| $886K | ﹤0.01% |
31,268
+18,923
| +153% | +$580K |
|
533
Terreno Realty
TRNO
$7.57B
| $883K | ﹤0.01% |
15,837
+1,946
| +14% | +$128K |
|
|
ALEX
534
DELISTED
Alexander & Baldwin
ALEX
| $873K | ﹤0.01% |
48,635
+14,101
| +41% | +$290K |
|
535
NorthWestern Energy
NWE
$4.23B
| $860K | ﹤0.01% |
14,592
-15,116
| -51% | -$900K |
|
536
First Bancorp
FBP
$4.42B
| $851K | ﹤0.01% |
+65,919
| New | +$902K |
|
|
RDFN
537
DELISTED
Redfin
RDFN
| $849K | ﹤0.01% |
+102,995
| New | +$1.18M |
|
538
Apple Hospitality REIT
APLE
$3.9B
| $847K | ﹤0.01% |
+57,743
| New | +$955K |
|
539
Option Care Health
OPCH
$3.45B
| $843K | ﹤0.01% |
+30,330
| New | +$863K |
|
|
WWE
540
DELISTED
World Wrestling Entertainment
WWE
| $830K | ﹤0.01% |
13,288
-24,175
| -65% | -$1.49M |
|
541
LXP Industrial Trust
LXP
$3.57B
| $822K | ﹤0.01% |
+15,298
| New | +$920K |
|
|
CSGS
542
DELISTED
CSG Systems International
CSGS
| $789K | ﹤0.01% |
13,226
+474
| +4% | +$28.7K |
|
543
O-I Glass
OI
$1.1B
| $788K | ﹤0.01% |
+56,302
| New | +$809K |
|
544
Ironwood Pharmaceuticals
IRWD
$696M
| $771K | ﹤0.01% |
66,879
-67,397
| -50% | -$794K |
|
|
NVTA
545
DELISTED
Invitae Corporation
NVTA
| $768K | ﹤0.01% |
314,605
+131,386
| +72% | +$581K |
|
|
ZUO
546
DELISTED
Zuora, Inc.
ZUO
| $760K | ﹤0.01% |
+84,925
| New | +$944K |
|
547
Edwards Lifesciences
EW
$49.6B
| $758K | ﹤0.01% |
+7,968
| New | +$825K |
|
548
Golar LNG
GLNG
$5B
| $758K | ﹤0.01% |
+33,303
| New | +$796K |
|
549
Editas Medicine
EDIT
$396M
| $754K | ﹤0.01% |
63,774
+11,061
| +21% | +$148K |
|
|
ILPT
550
Industrial Logistics Properties Trust
ILPT
$575M
| $754K | ﹤0.01% |
+53,541
| New | +$878K |
|
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.