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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Ameriprise Financial
AMP
$49B
| – | – |
-2,400
| Closed | -$605K |
|
577
A10 Networks
ATEN
$2.26B
| – | – |
-47,315
| Closed | -$628K |
|
578
Ball Corp
BALL
$16.8B
| – | – |
-27,256
| Closed | -$1.32M |
|
579
Bloom Energy
BE
$68.9B
| – | – |
-32,639
| Closed | -$652K |
|
580
BILL Holdings
BILL
$4.79B
| – | – |
-4,744
| Closed | -$628K |
|
581
Bio-Rad Laboratories Class A
BIO
$8.94B
| – | – |
-66,234
| Closed | -$27.6M |
|
582
Cardlytics
CDLX
$24.3M
| – | – |
-5,047
| Closed | -$474K |
|
|
CTRA
583
DELISTED
Coterra Energy
CTRA
| – | – |
-445,586
| Closed | -$11.6M |
|
584
Carvana
CVNA
$75.1B
| – | – |
-107,200
| Closed | -$435K |
|
585
Cushman & Wakefield Ltd
CWK
$3.2B
| – | – |
-85,483
| Closed | -$979K |
|
586
Cytokinetics
CYTK
$10.6B
| – | – |
-14,358
| Closed | -$696K |
|
587
DigitalBridge
DBRG
$2.93B
| – | – |
-43,272
| Closed | -$541K |
|
588
Delek US
DK
$3.98B
| – | – |
-26,767
| Closed | -$726K |
|
589
dLocal
DLO
$4.51B
| – | – |
-7,596,050
| Closed | -$156M |
|
590
Duke Energy
DUK
$96.7B
| – | – |
-720,090
| Closed | -$67M |
|
591
DaVita
DVA
$14.8B
| – | – |
-262,579
| Closed | -$21.7M |
|
|
DX
592
Dynex Capital
DX
$3.16B
| – | – |
-51,132
| Closed | -$596K |
|
593
The Ensign Group
ENSG
$10.2B
| – | – |
-7,357
| Closed | -$585K |
|
594
Evergy
EVRG
$19.2B
| – | – |
-1,056,593
| Closed | -$62.8M |
|
595
First Commonwealth Financial
FCF
$2.21B
| – | – |
-120,232
| Closed | -$1.54M |
|
|
FISV
596
Fiserv Inc
FISV
$29.1B
| – | – |
-5,857
| Closed | -$548K |
|
597
Gen Digital
GEN
$16.9B
| – | – |
-82,597
| Closed | -$1.66M |
|
598
Globant
GLOB
$1.6B
| – | – |
-851,322
| Closed | -$159M |
|
599
Goosehead Insurance
GSHD
$2.37B
| – | – |
-68,204
| Closed | -$2.43M |
|
600
Gates Industrial Corporation Ltd.
GTES
$7.64B
| – | – |
-1,853,612
| Closed | -$18.1M |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.