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 | |
|---|---|---|---|---|---|---|
576
Crocs
CROX
$6.36B
| – | – |
-4,874
| Closed | -$616K |
|
|
CSGS
577
DELISTED
CSG Systems International
CSGS
| – | – |
-12,223
| Closed | -$656K |
|
578
Definitive Healthcare
DH
$72M
| – | – |
-993,253
| Closed | -$10.3M |
|
|
DX
579
Dynex Capital
DX
$3.15B
| – | – |
-88,418
| Closed | -$1.07M |
|
580
Estee Lauder
EL
$30.4B
| – | – |
-1,077,401
| Closed | -$266M |
|
581
EOG Resources
EOG
$79.2B
| – | – |
-97,798
| Closed | -$11.2M |
|
582
Eversource Energy
ES
$26.9B
| – | – |
-433,962
| Closed | -$34M |
|
583
Entergy
ETR
$50.2B
| – | – |
-1,649,130
| Closed | -$88.8M |
|
584
Expedia Group
EXPE
$35.4B
| – | – |
-129,118
| Closed | -$12.5M |
|
585
National Vision
EYE
$1.77B
| – | – |
-298,348
| Closed | -$5.62M |
|
586
Fluor
FLR
$7.01B
| – | – |
-22,993
| Closed | -$711K |
|
587
Fox Factory Holding Corp
FOXF
$755M
| – | – |
-2,342
| Closed | -$284K |
|
588
Grab
GRAB
$14.3B
| – | – |
-3,315,882
| Closed | -$9.98M |
|
589
Halozyme
HALO
$9.79B
| – | – |
-17,131
| Closed | -$654K |
|
590
Hess Midstream
HESM
$5.24B
| – | – |
-133,902
| Closed | -$3.88M |
|
591
Hilton Grand Vacations
HGV
$3.62B
| – | – |
-23,054
| Closed | -$1.02M |
|
592
Helios Technologies
HLIO
$2.57B
| – | – |
-154,847
| Closed | -$10.1M |
|
|
HOLX
593
DELISTED
Hologic
HOLX
| – | – |
-161,218
| Closed | -$13M |
|
|
BRSL
594
Brightstar Lottery PLC
BRSL
$1.84B
| – | – |
-25,216
| Closed | -$676K |
|
595
Iridium Communications
IRDM
$5.02B
| – | – |
-29,209
| Closed | -$1.81M |
|
596
Jack Henry & Associates
JKHY
$10.9B
| – | – |
-103,492
| Closed | -$15.6M |
|
597
Keysight
KEYS
$54.5B
| – | – |
-14,600
| Closed | -$2.36M |
|
598
Kforce
KFRC
$1.02B
| – | – |
-9,938
| Closed | -$628K |
|
599
Alliant Energy
LNT
$18.3B
| – | – |
-601,333
| Closed | -$32.1M |
|
|
LPRO
600
Open Lending Corp
LPRO
| – | – |
-374,756
| Closed | -$2.64M |
|
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.