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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Editas Medicine
EDIT
$422M
| $690K | ﹤0.01% |
56,394
-7,380
| -12% | -$115K |
|
552
Williams-Sonoma
WSM
$29.2B
| $690K | ﹤0.01% |
11,702
-8,170
| -41% | -$580K |
|
|
VGR
553
DELISTED
Vector Group Ltd.
VGR
| $686K | ﹤0.01% |
77,908
-9,010
| -10% | -$91.4K |
|
554
LXP Industrial Trust
LXP
$3.57B
| $679K | ﹤0.01% |
14,835
-463
| -3% | -$24.1K |
|
|
AIV
555
Aimco
AIV
$387M
| $676K | ﹤0.01% |
+92,535
| New | +$759K |
|
556
United Bankshares
UBSI
$6.78B
| $676K | ﹤0.01% |
+18,923
| New | +$705K |
|
|
ATSG
557
DELISTED
Air Transport Services Group
ATSG
| $674K | ﹤0.01% |
27,993
+4,385
| +19% | +$127K |
|
558
Atkore
ATKR
$3.16B
| $670K | ﹤0.01% |
8,612
-4,291
| -33% | -$371K |
|
559
FirstService
FSV
$6.25B
| $669K | ﹤0.01% |
5,624
+393
| +8% | +$50.2K |
|
560
Synopsys
SNPS
$76.9B
| $664K | ﹤0.01% |
2,173
-5,475
| -72% | -$1.85M |
|
|
GMS
561
DELISTED
GMS Inc
GMS
| $654K | ﹤0.01% |
16,347
-211
| -1% | -$10.1K |
|
562
Bloom Energy
BE
$68B
| $652K | ﹤0.01% |
+32,639
| New | +$735K |
|
563
Hilton Grand Vacations
HGV
$3.6B
| $641K | ﹤0.01% |
+19,488
| New | +$777K |
|
564
Harmonic Inc
HLIT
$1.35B
| $639K | ﹤0.01% |
+48,903
| New | +$528K |
|
565
A10 Networks
ATEN
$2.25B
| $628K | ﹤0.01% |
47,315
-24,618
| -34% | -$350K |
|
566
BILL Holdings
BILL
$4.85B
| $628K | ﹤0.01% |
4,744
-435
| -8% | -$62.5K |
|
567
NMI Holdings
NMIH
$3.36B
| $616K | ﹤0.01% |
+30,243
| New | +$601K |
|
568
Champion Homes
SKY
$4.61B
| $614K | ﹤0.01% |
+11,618
| New | +$677K |
|
|
UNIT
569
Uniti Group
UNIT
$2.42B
| $614K | ﹤0.01% |
+88,293
| New | +$820K |
|
|
ARCH
570
DELISTED
Arch Resources, Inc.
ARCH
| $614K | ﹤0.01% |
5,178
+2,797
| +117% | +$387K |
|
571
Ameriprise Financial
AMP
$49.1B
| $605K | ﹤0.01% |
2,400
-5,226
| -69% | -$1.38M |
|
|
DX
572
Dynex Capital
DX
$3.15B
| $596K | ﹤0.01% |
+51,132
| New | +$799K |
|
573
Iridium Communications
IRDM
$5.26B
| $592K | ﹤0.01% |
+13,343
| New | +$578K |
|
574
The Ensign Group
ENSG
$10.2B
| $585K | ﹤0.01% |
+7,357
| New | +$609K |
|
575
Advanced Micro Devices
AMD
$858B
| $572K | ﹤0.01% |
9,035
-12,548
| -58% | -$1.07M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.