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 | |
|---|---|---|---|---|---|---|
526
NMI Holdings
NMIH
$3.36B
| $786K | ﹤0.01% |
37,605
+7,362
| +24% | +$154K |
|
527
Parsons
PSN
$5.2B
| $782K | ﹤0.01% |
+16,914
| New | +$779K |
|
528
Fastly Inc
FSLY
$3.82B
| $782K | ﹤0.01% |
95,450
+15,834
| +20% | +$139K |
|
529
Haemonetics
HAE
$3.94B
| $772K | ﹤0.01% |
9,810
+182
| +2% | +$14.6K |
|
530
American Well
AMWL
$174M
| $767K | ﹤0.01% |
13,552
-350
| -3% | -$25.2K |
|
531
SFL Corp
SFL
$1.6B
| $763K | ﹤0.01% |
82,706
-1,600
| -2% | -$15.5K |
|
532
BridgeBio Pharma
BBIO
$16.1B
| $754K | ﹤0.01% |
98,954
+12,048
| +14% | +$115K |
|
|
BLUE
533
DELISTED
bluebird bio
BLUE
| $737K | ﹤0.01% |
5,328
-758
| -12% | -$107K |
|
534
Arbor Realty Trust
ABR
$959M
| $733K | ﹤0.01% |
+55,592
| New | +$755K |
|
|
KW
535
DELISTED
Kennedy-Wilson Holdings
KW
| $733K | ﹤0.01% |
46,613
-48,654
| -51% | -$782K |
|
|
CSGS
536
DELISTED
CSG Systems International
CSGS
| $728K | ﹤0.01% |
12,735
-325
| -2% | -$19.1K |
|
|
RDFN
537
DELISTED
Redfin
RDFN
| $707K | ﹤0.01% |
166,707
+23,497
| +16% | +$111K |
|
|
VGR
538
DELISTED
Vector Group Ltd.
VGR
| $702K | ﹤0.01% |
59,155
-18,753
| -24% | -$198K |
|
539
Harmonic Inc
HLIT
$1.35B
| $694K | ﹤0.01% |
52,970
+4,067
| +8% | +$56.7K |
|
|
ARCH
540
DELISTED
Arch Resources, Inc.
ARCH
| $693K | ﹤0.01% |
4,854
-324
| -6% | -$47.4K |
|
|
CADE
541
DELISTED
Cadence Bank
CADE
| $663K | ﹤0.01% |
+26,875
| New | +$721K |
|
542
Waste Management
WM
$90.1B
| $657K | ﹤0.01% |
+4,188
| New | +$674K |
|
|
AQUA
543
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $655K | ﹤0.01% |
+16,541
| New | +$651K |
|
544
Pacific Biosciences
PACB
$450M
| $644K | ﹤0.01% |
78,688
-98,604
| -56% | -$850K |
|
|
AIV
545
Aimco
AIV
$387M
| $642K | ﹤0.01% |
90,199
-2,336
| -3% | -$17.8K |
|
546
Adient
ADNT
$1.66B
| $641K | ﹤0.01% |
18,492
-27,607
| -60% | -$965K |
|
547
Metropolitan Bank Holding Corp
MCB
$1.17B
| $627K | ﹤0.01% |
10,690
-271
| -2% | -$17.2K |
|
548
Vir Biotechnology
VIR
$1.56B
| $621K | ﹤0.01% |
+24,544
| New | +$602K |
|
549
Sprouts Farmers Market
SFM
$8.11B
| $621K | ﹤0.01% |
19,173
-31,885
| -62% | -$993K |
|
550
AnaptysBio
ANAB
$1.59B
| $614K | ﹤0.01% |
+19,802
| New | +$559K |
|
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.