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 | |
|---|---|---|---|---|---|---|
551
Waste Management
WM
$89.4B
| $311K | ﹤0.01% |
2,043
-65
| -3% | -$10.5K |
|
|
ANSS
552
DELISTED
Ansys
ANSS
| $309K | ﹤0.01% |
1,039
-2,369
| -70% | -$750K |
|
553
iShares North American Natural Resources ETF
IGE
$749M
| $308K | ﹤0.01% |
7,406
-511
| -6% | -$21.1K |
|
554
Starwood Property Trust
STWD
$5.98B
| $306K | ﹤0.01% |
15,804
-364,291
| -96% | -$7.39M |
|
555
XPEL
XPEL
$1.37B
| $306K | ﹤0.01% |
3,962
-23
| -0.6% | -$1.85K |
|
|
NOVA
556
DELISTED
Sunnova Energy
NOVA
| $260K | ﹤0.01% |
24,858
-575,378
| -96% | -$8.99M |
|
557
General Mills
GIS
$19B
| $251K | ﹤0.01% |
3,917
-71,048
| -95% | -$5.02M |
|
558
Itron
ITRI
$4.55B
| $244K | ﹤0.01% |
+4,032
| New | +$277K |
|
559
Sociedad Química y Minera de Chile
SQM
$19.7B
| $221K | ﹤0.01% |
+3,699
| New | +$249K |
|
560
ReNew
RNW
$2.25B
| $216K | ﹤0.01% |
+39,855
| New | +$235K |
|
561
Paylocity
PCTY
$7.76B
| $204K | ﹤0.01% |
1,125
-495
| -31% | -$99.4K |
|
562
Agilent Technologies
A
$39.7B
| – | – |
-179,312
| Closed | -$21.6M |
|
563
American Electric Power
AEP
$68.8B
| – | – |
-375,707
| Closed | -$31.6M |
|
564
AES
AES
$10.5B
| – | – |
-749,618
| Closed | -$15.5M |
|
565
Allegro MicroSystems
ALGM
$7.83B
| – | – |
-10,824
| Closed | -$489K |
|
566
Apple Hospitality REIT
APLE
$3.9B
| – | – |
-67,618
| Closed | -$1.02M |
|
|
ARI
567
Apollo Commercial Real Estate
ARI
$873M
| – | – |
-135,184
| Closed | -$1.53M |
|
568
COPT Defense Properties
CDP
$4.23B
| – | – |
-33,562
| Closed | -$797K |
|
|
CFLT
569
DELISTED
Confluent
CFLT
| – | – |
-6,803
| Closed | -$240K |
|
570
Clorox
CLX
$12.7B
| – | – |
-11,708
| Closed | -$1.86M |
|
571
California Resources
CRC
$4.56B
| – | – |
-18,062
| Closed | -$818K |
|
572
DigitalBridge
DBRG
$2.95B
| – | – |
-53,414
| Closed | -$786K |
|
573
Diageo
DEO
$49.1B
| – | – |
-29,074
| Closed | -$5.04M |
|
574
Dollar General
DG
$28.1B
| – | – |
-4,000
| Closed | -$679K |
|
575
8x8 Inc
EGHT
$330M
| – | – |
-174,875
| Closed | -$740K |
|
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.