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 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Kraft Heinz
KHC
$30.3B
| $590K | ﹤0.01% |
17,549
-563
| -3% | -$19.5K |
|
527
Phillips 66
PSX
$80.7B
| $587K | ﹤0.01% |
4,883
+2,165
| +80% | +$243K |
|
528
Celsius Holdings
CELH
$7.57B
| $584K | ﹤0.01% |
10,206
+1,068
| +12% | +$60.1K |
|
529
Freshworks
FRSH
$3.23B
| $582K | ﹤0.01% |
+29,228
| New | +$581K |
|
530
Neogen
NEOG
$2.54B
| $577K | ﹤0.01% |
+31,135
| New | +$678K |
|
|
TWNK
531
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $575K | ﹤0.01% |
17,257
-20,771
| -55% | -$556K |
|
|
ZUO
532
DELISTED
Zuora, Inc.
ZUO
| $569K | ﹤0.01% |
69,017
+9,228
| +15% | +$91K |
|
533
Rocket Pharmaceuticals
RCKT
$383M
| $566K | ﹤0.01% |
27,636
-6,043
| -18% | -$110K |
|
534
Flywire
FLYW
$2.26B
| $547K | ﹤0.01% |
17,164
-19,743
| -53% | -$632K |
|
535
Magnolia Oil & Gas
MGY
$5.66B
| $546K | ﹤0.01% |
+23,818
| New | +$532K |
|
536
BridgeBio Pharma
BBIO
$16.2B
| $535K | ﹤0.01% |
20,301
-33,589
| -62% | -$953K |
|
537
Goosehead Insurance
GSHD
$2.4B
| $506K | ﹤0.01% |
6,792
+1,400
| +26% | +$93.9K |
|
|
ARCH
538
DELISTED
Arch Resources, Inc.
ARCH
| $499K | ﹤0.01% |
2,924
-93
| -3% | -$12.5K |
|
539
Onto Innovation
ONTO
$14.1B
| $498K | ﹤0.01% |
+3,909
| New | +$465K |
|
540
Monolithic Power Systems
MPWR
$65.5B
| $464K | ﹤0.01% |
1,005
-34,892
| -97% | -$17.8M |
|
|
NVMI
541
Nova
NVMI
$13B
| $462K | ﹤0.01% |
4,112
-281
| -6% | -$33K |
|
542
Vertiv
VRT
$108B
| $454K | ﹤0.01% |
+12,215
| New | +$403K |
|
543
Danaher
DHR
$140B
| $444K | ﹤0.01% |
2,019
-143,951
| -99% | -$32.1M |
|
|
RDFN
544
DELISTED
Redfin
RDFN
| $430K | ﹤0.01% |
61,019
+2,580
| +4% | +$28.3K |
|
545
Albemarle
ALB
$14.2B
| $401K | ﹤0.01% |
+2,359
| New | +$470K |
|
546
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $380K | ﹤0.01% |
+833
| New | +$399K |
|
547
AppFolio
APPF
$6.86B
| $372K | ﹤0.01% |
+2,038
| New | +$370K |
|
|
TIXT
548
DELISTED
TELUS International
TIXT
| $369K | ﹤0.01% |
48,398
-916,587
| -95% | -$8.74M |
|
549
Atlassian
TEAM
$28.6B
| $331K | ﹤0.01% |
1,643
-2,815
| -63% | -$534K |
|
550
Timken Company
TKR
$9.15B
| $314K | ﹤0.01% |
4,267
+1,432
| +51% | +$116K |
|
Similar funds
Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.