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 | |
|---|---|---|---|---|---|---|
526
PPG Industries
PPG
$24.6B
| $691K | ﹤0.01% |
+4,659
| New | +$650K |
|
527
Sally Beauty Holdings
SBH
$1.43B
| $680K | ﹤0.01% |
+55,096
| New | +$699K |
|
528
Dollar General
DG
$28B
| $679K | ﹤0.01% |
4,000
-103,315
| -96% | -$20.4M |
|
529
Oscar Health
OSCR
$9.41B
| $672K | ﹤0.01% |
+83,354
| New | +$615K |
|
530
Rocket Pharmaceuticals
RCKT
$340M
| $669K | ﹤0.01% |
+33,679
| New | +$680K |
|
531
Academy Sports + Outdoors
ASO
$2.94B
| $667K | ﹤0.01% |
+12,347
| New | +$709K |
|
532
The GEO Group
GEO
$4.13B
| $660K | ﹤0.01% |
+92,243
| New | +$715K |
|
|
ZUO
533
DELISTED
Zuora, Inc.
ZUO
| $656K | ﹤0.01% |
59,789
-11,682
| -16% | -$111K |
|
534
Shoals Technologies Group
SHLS
$1.47B
| $652K | ﹤0.01% |
+25,510
| New | +$590K |
|
535
APi Group
APG
$17.2B
| $651K | ﹤0.01% |
+35,795
| New | +$554K |
|
536
BellRing Brands
BRBR
$1.44B
| $644K | ﹤0.01% |
17,583
+323
| +2% | +$11.6K |
|
537
Kraft Heinz
KHC
$30.7B
| $643K | ﹤0.01% |
18,112
-1,612
| -8% | -$62K |
|
|
CVSA
538
Covista Inc
CVSA
$4.25B
| $642K | ﹤0.01% |
+18,704
| New | +$748K |
|
539
Innoviva
INVA
$1.55B
| $632K | ﹤0.01% |
+49,641
| New | +$621K |
|
540
OneSpaWorld
OSW
$2.62B
| $624K | ﹤0.01% |
+51,545
| New | +$596K |
|
541
NorthWestern Energy
NWE
$4.23B
| $616K | ﹤0.01% |
+10,854
| New | +$635K |
|
|
IAS
542
DELISTED
Integral Ad Science
IAS
| $614K | ﹤0.01% |
+34,157
| New | +$577K |
|
543
Lantheus
LNTH
$6.49B
| $608K | ﹤0.01% |
7,246
-865
| -11% | -$77.6K |
|
|
AZEK
544
DELISTED
The AZEK Co
AZEK
| $579K | ﹤0.01% |
+19,124
| New | +$495K |
|
|
AXON
545
Axon Enterprise
AXON
$42.5B
| $540K | ﹤0.01% |
2,767
+160
| +6% | +$33.1K |
|
|
NVMI
546
Nova
NVMI
$12.4B
| $515K | ﹤0.01% |
4,393
+620
| +16% | +$63.4K |
|
547
Allegro MicroSystems
ALGM
$7.73B
| $489K | ﹤0.01% |
10,824
-6,765
| -38% | -$274K |
|
548
Celsius Holdings
CELH
$7.47B
| $454K | ﹤0.01% |
+9,138
| New | +$363K |
|
549
iShares MSCI ACWI ETF
ACWI
$32.9B
| $442K | ﹤0.01% |
4,610
-22,163
| -83% | -$2.06M |
|
550
Waste Management
WM
$90.6B
| $366K | ﹤0.01% |
2,108
-1,310
| -38% | -$217K |
|
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.