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 | |
|---|---|---|---|---|---|---|
551
Transmedics
TMDX
$2.64B
| $356K | ﹤0.01% |
4,236
-52
| -1% | -$3.98K |
|
552
Newmont
NEM
$98.7B
| $350K | ﹤0.01% |
8,197
-6,649
| -45% | -$302K |
|
|
ARCH
553
DELISTED
Arch Resources, Inc.
ARCH
| $340K | ﹤0.01% |
3,017
-1,837
| -38% | -$220K |
|
554
Goosehead Insurance
GSHD
$2.2B
| $339K | ﹤0.01% |
+5,392
| New | +$310K |
|
555
XPEL
XPEL
$1.22B
| $336K | ﹤0.01% |
3,985
-49
| -1% | -$3.62K |
|
556
iShares North American Natural Resources ETF
IGE
$741M
| $307K | ﹤0.01% |
7,917
-16,575
| -68% | -$641K |
|
557
Paylocity
PCTY
$7.38B
| $299K | ﹤0.01% |
1,620
-3,114
| -66% | -$570K |
|
558
CDW
CDW
$18.9B
| $289K | ﹤0.01% |
1,576
-55,283
| -97% | -$9.66M |
|
|
BLD
559
DELISTED
TopBuild
BLD
| $277K | ﹤0.01% |
+1,041
| New | +$229K |
|
560
Timken Company
TKR
$9.56B
| $259K | ﹤0.01% |
2,835
-252
| -8% | -$19.9K |
|
561
Phillips 66
PSX
$84.9B
| $259K | ﹤0.01% |
2,718
+96
| +4% | +$9.33K |
|
562
Equinor
EQNR
$97.7B
| $248K | ﹤0.01% |
8,498
-1,112
| -12% | -$31.7K |
|
|
CFLT
563
DELISTED
Confluent
CFLT
| $240K | ﹤0.01% |
+6,803
| New | +$190K |
|
564
Dynatrace
DT
$12.9B
| $214K | ﹤0.01% |
+4,161
| New | +$195K |
|
565
ProFrac Holding
ACDC
$731M
| – | – |
-19,043
| Closed | -$241K |
|
566
ACI Worldwide
ACIW
$5.83B
| – | – |
-33,452
| Closed | -$903K |
|
567
American Well
AMWL
$180M
| – | – |
-13,006
| Closed | -$614K |
|
568
Avista
AVA
$3.34B
| – | – |
-19,440
| Closed | -$825K |
|
569
Azenta
AZTA
$1.3B
| – | – |
-216,796
| Closed | -$9.67M |
|
570
Biogen
BIIB
$30B
| – | – |
-61,787
| Closed | -$17.2M |
|
571
Black Hills Corp
BKH
$5.42B
| – | – |
-23,434
| Closed | -$1.48M |
|
572
BP
BP
$116B
| – | – |
-5,669
| Closed | -$215K |
|
573
Brady Corp
BRC
$4.44B
| – | – |
-14,519
| Closed | -$780K |
|
574
Crown Castle
CCI
$33.3B
| – | – |
-2,792
| Closed | -$374K |
|
575
Chewy
CHWY
$9.25B
| – | – |
-358,338
| Closed | -$13.4M |
|
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.